USDA’s Farm Product Price Index Report shows increase for most products

March 02, 2021 11:51 AM

USDA’s Farm Product Price Index Report for January shows higher farm-level prices than a year ago for most products. But USDA reporter Gary Crawford says there are a few exceptions.

Compared to January 2020 corn is averaging 45 cents higher, soybeans are 2 dollars higher, and wheat is 60 cents per bushel higher.

Beef cattle are trading an average of 12 dollars lower, taking the livestock average down 7%. However, hogs are up, trading at about 2 dollars and 40 cents per hundredweight, higher than January last year.

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