Ag Stats: Rocky Mountain Region Agricultural Prices Received - January 2024
UNITED STATES
January Prices Received Index Down 1.4 Percent
The January Prices Received Index 2011 Base (Agricultural Production), at 111.7, decreased 1.4 percent from December and 10 percent from January 2023. At 98.2, the Crop Production Index was down 3.4 percent from last month and 17 percent from the previous year. The Livestock Production Index, at 135.4, increased 4.6 percent from December, but decreased 0.7 percent from January last year. Producers received lowerprices during January for soybeans, milk, corn, and lemons but higher prices for broilers, market eggs, lettuce, and calves. In addition to prices, the volume change of commodities marketed also influences the indexes. In January, there was decreased monthly movement for cattle, milk,grapes, and broilers and increased marketing of soybeans, corn, market eggs, and onions.
January Prices Paid Index Down 0.1 Percent
The January Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 138.4, is down
0.1 percent from December 2023 and 1.8 percent from January 2023. Lower prices in January for concentrates, nitrogen, diesel, and interest more than offset higher prices for feeder cattle, taxes, other services, and share rent.
AGRICULTURAL PRICES RECEIVED
Prices Received – Mountain Region States and United States: January 2024 with Comparisons
| State | January 2023 | December 2023 | January 2024 |
|---|---|---|---|
| Barley, All | (dollars per bushel) | (dollars per bushel) | (dollars per bushel) |
|
Colorado ............................. |
6.84 |
7.51 |
7.59 |
|
Montana.............................. |
7.51 |
6.38 |
7.45 |
|
Wyoming............................. |
7.31 |
8.24 |
(D) |
|
United States ...................... |
7.28 |
6.68 |
7.53 |
| Corn | |||
|
Colorado ............................. |
7.29 |
5.14 |
5.10 |
|
United States ...................... |
6.63 |
4.80 |
4.74 |
| Wheat, All | |||
|
Arizona ............................... |
(D) |
(D) |
(S) |
|
Colorado ............................. |
8.30 |
5.89 |
6.10 |
|
Montana.............................. |
8.99 |
7.16 |
6.85 |
|
United States ...................... |
8.81 |
6.79 |
6.79 |
| Hay, Alfalfa | (dollars per ton) | (dollars per ton) | (dollars per ton) |
|
Arizona ............................... |
355.00 |
220.00 |
225.00 |
|
Colorado ............................. |
265.00 |
245.00 |
245.00 |
|
Montana.............................. |
235.00 |
160.00 |
160.00 |
|
New Mexico ........................ |
300.00 |
270.00 |
270.00 |
|
Utah .................................... |
305.00 |
175.00 |
180.00 |
|
Wyoming............................. |
240.00 |
190.00 |
190.00 |
|
United States ...................... |
263.00 |
205.00 |
202.00 |
| Hay, Other | |||
|
Arizona ............................... |
245.00 |
150.00 |
150.00 |
|
Colorado ............................. |
250.00 |
240.00 |
240.00 |
|
Montana.............................. |
225.00 |
145.00 |
150.00 |
|
New Mexico ........................ |
235.00 |
225.00 |
225.00 |
|
Utah .................................... |
250.00 |
130.00 |
130.00 |
|
Wyoming............................. |
215.00 |
180.00 |
170.00 |
|
United States ...................... |
178.00 |
170.00 |
171.00 |
| Milk, All | (dollars per hundredweight) | (dollars per hundredweight) | (dollars per hundredweight) |
|
Arizona ............................... |
22.60 |
19.60 |
20.70 |
|
Colorado ............................. |
23.60 |
21.30 |
20.60 |
|
New Mexico ........................ |
20.80 |
19.20 |
19.00 |
|
Utah .................................... |
23.00 |
20.60 |
20.00 |
|
United States ...................... |
23.10 |
20.60 |
20.10 |
(D) Withheld to avoid disclosing data for individual operations.
(S) Insufficient number of reports to establish an estimate.
