The USDA’s agricultural price indexes fell 1.4% in January 2024, owing to falls in maize, soybeans, milk, and lemons. The dairy index was also down, with an all-milk price of $20.10 per hundredweight. The index of prices paid fell 0.1%, with cuts in interest, fuel, nitrogen, and concentrates offset by increases in taxes, feeder cattle, share rent, and other expenses. Year on year, the received index declined 10%, while the paid index fell 1.8%. The February pricing will be revealed in March.
