Production decreased in July
The July Prices Received Index (Agricultural Production), at 89.9, decreased 3.7 percent from June 2016, according to USDA.
At 82.9, the Crop Production Index decreased 5.0 percent. The Livestock Production Index, at 96.3, decreased 1.9 percent. Producers received lower prices for cattle, broilers, corn, and wheat but higher prices for milk, market eggs, peaches, and cantaloupes.
Compared with a year earlier, the Prices Received Index is down 10 percent, the Crop Production Index decreased 4.2 percent and the Livestock Production Index is down 16 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market.
Increased monthly movement of wheat, grapes, hay, and cotton offset the decreased marketing of milk, cattle, oranges, and hogs. The Food Commodities Index, at 93.7, decreased 3.8 percent from the previous month and is down 12 percent from July 2015.