WASHINGTON, D.C. (RFD NEWS) — U.S. farm price relationships weakened further at the end of 2025 as prices received by producers declined while costs continued to climb, tightening margins across much of agriculture. USDA’s December Agricultural Prices report (PDF Version) shows broad pressure on livestock values alongside modest relief in select crop markets.
The December Prices Received Index fell 3.1 percent from November and 4.6 percent from a year earlier. Crop prices were mixed, with the Crop Production Index down 2.4 percent month to month but still 3.4 percent above December 2024. Livestock prices drove most of the decline, with the Livestock Production Index dropping 5.7 percent from November and 13 percent from a year ago. Lower prices for cattle, milk, eggs, and lettuce outweighed gains in broilers, corn, grapes, and calves.
At the same time, input costs continued to rise. The Prices Paid Index increased 0.3 percent from November and stood 8.5 percent higher than a year earlier. Higher costs for feeder cattle, feeder pigs, nitrogen, and concentrates offset lower fuel, feed, and forage prices.
The ratio of prices received to prices paid slipped to 79, underscoring ongoing margin stress.
Farm-Level Takeaway: Falling livestock prices combined with higher input costs continue to squeeze farm profitability heading into 2026.
Tony St. James, RFD NEWS Markets Specialist
House Agriculture Committee Democrats are calling for action on the Farm and Family Relief Act, warning that proposed SNAP cost shifts to states could reduce food assistance for low-income families amid ongoing tariffs and trade disruptions that continue to strain U.S. farmers.
January 15, 2026 12:30 PM
·
Record ethanol production and improving blending demand continue to support corn usage despite rising short-term inventories.
January 15, 2026 11:47 AM
·
Tight beef cow supplies and steady demand point to continued record-level cull cow prices in 2026.
January 15, 2026 11:23 AM
·
A disciplined, breakeven-based marketing plan helps protect margins and reduce risk, even when markets remain unpredictable.
January 15, 2026 10:58 AM
·
Alissa White with American Farmland Trust joined us to provide insight into climate resilience efforts and strategies to help farmers manage weather-related risks.
January 14, 2026 02:20 PM
·
Roger McEowen with the Washburn University School of Law joined us to provide legal analysis on key cases shaping the agricultural landscape heading into the year ahead.
January 14, 2026 01:49 PM
·
