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Farm Prices Dip 3 Percent As Eggs And Soybeans Ease Decline
The Agricultural Department reports a 3 percent drop in farm prices for November with eggs and soybeans softening the fall. Livestock prices weigh heavily in the index. meat prices slipped 3 percent and hogs fell $1.80 per 100 pounds while food grain declined 5 percent. Egg prices rose nearly five cents, and grapefruit averaged 1.44 per box versus 4.33 in October. Parity ratio slid to 66 percent, lowest since early 1933, signaling continued low purchasing power for farmers.
MENTIONED IN THIS ARTICLE
J. Dawson Ahalt
Department
Culture Department