TEXAS AGRICULTURAL EXPERIMENT STATION
R. D. LEWIS, Director. College Station, Texas

764 fane r953

Texas Farm Commodity Prices
1947-52 

4.81 M. COLLEGE U

F TEXAs
% of|909—|4 

g?

1/ PRICES R figiveo TEXAS
v’ I
I

I jfigxes m0
' UNITED STATES I
; I
I \
\\ ’—'\__

M:
I00-

5OL1|11I|1I1I11I1I11IIIIIIIIIIIIIIIIIII111I11
I9I0 I9I5 I920 I925 I930 I935 I940 I945 I950

o
in cpoperation with the
UNITED STATES DEPARTMENT OF AGRICULTURE

The TEXAS AGRICULTURAL AND MECHANICAL COLLEGE SYSTEM
GIBB GILCHRIST, Chancellor

 

[Blank Page in Original Bulletin]

PREFACE

     
 
   
  
   
   
  
   
  
    
 
   
   
  
 
 
   
  
   
  

. Agricultural prices reflect the changes that are taking place in
é - production of specific agricultural products and the demand for
”ese products. The past 6 years has been a period with extreme
'ce fluctuations. It includes the price readjustments following
gorld War II, the impact of the Korean situation and generally
ettled world conditions. In Texas, drouth has been an ad-
 ional complicating factor.

 Farmers and ranchmen maintain an element of flexibility in
eir operations to take advantage of anticipated price changes. In
Jf- t, they base their price expectations on what has happened in
 past. This is particularly true for seasonal price fluctuations.
her price changes are less predictable because of wide year-to-
_ changes in production. Vegetable prices are particularly
_ iable because unpredictable weather makes crops early or late
 1 yields large or small.

This bulletin provides a summary of prices received by Texas
' mers and ranchmen during the past 6 years. Prices for the
' lier period, 1910-47, were given in Bulletin 700, “Texas Farm
nmmodity Prices”. To facilitate comparisons among commodities,
nthly prices are reduced to a common denominator by use of
Tce relatives. Study of price trends for similar commodities is
 pedited by the formation of commodity groups and the derivation
" index numbers summarizing price changes for the group. These
gmmodity groups are combined further into comprehensive crop,
estock and all-farm product indexes which indicate the over-all
_ nd for prices as a whole.

. The all-farm product index has been falling rapidly in recent
onths while production costs have remained high. All agricul-
 l prices did not rise uniformly when the index was rising.
ither will all prices fall uniformly during the declining phase.
W e-study of individual price trends may be helpful in selecting
ose products which offer the best prospects for profit in the
ture.

CONTENTS

Preface ...................................................................................................................... .. V
Introduction .............................................................................................................. --
Price Relatives ........................................................................................................ -- _
Method of Calculating Index Numbers .......................................................... -- a
Seasonal Variation .................................................................................................. -- _.
Acknowledgments .................................................................................................... -- 
Appendix .................................................................................................................. .. A

Monthly and Annual Prices Received by Texas Farmerst. ..................... -- '
Food Grains—Wheat-Rice .................................................................... --
Feed Crops—Corn-Oats-Barley-Grain Sorghum-Hay, All (baled)... l‘,
Cotton lint (American Upland) ............................................................ -- 
Oil-bearing Crops—Cottonseed-Peanuts ............................................ -- .
Fruit—Oranges-Grapefruit ................................................................... ..
Potatoes and Sweetpotatoes .................................................................. .. ,
Truck Crops—Cabbage-Carrots-Onions-Green Peppers- A

Spinach-Watermelons ........................................................................ .. '1‘
Tomatoes .................................................................................................... .. ' a
Meat Animals—Hogs-Beef Cattle-Calves-Sheep-Lambs .................. .. a
Dairy Products—Milk, Wholesale-Milk, Retail-Butter-Butterfat 
Poultry Products—All Chickens-Commercial Broilers-

Farm Chickens-T-urkeys-Eggs ........................................................ .. A
Wool ............................................................................................................ ..
Miscellaneous—Ryer-Cowpeas-Flaxseed-Alfalfa Seed- a

Alfalfa Hay (baled)-Milk Cows ......................................................... .. 
Pecans ......................................................................................................... .. ‘i
Mohair .......................................................................................................... .. 11

Monthly and Annual Indexes of Prices Received by Texas
Farmers and Prices Paid by U. S. Farmers:
Food Grains .............................................................................................. .. 
Feed Crops and Hay .............................................................................. -- »
Cotton lint (American Upland) ............................................................ .. l~
Oil-bearing Crops .................................................................................. _. _
Fruit ............................................................................................................ .. 
Potatoes and Sweetpotatoes .................................................................. .. 
Truck Crops ............................................................................................ .. '
Meat Animals ......................................................................................... -- <
Dairy Products ................................................................................... .-
Poultry Products ................................................................................ ..
Wool ............................................................................................................ .. I
All Crops .................................................................................................. .. 
All Livestock and Livestock Products .............................................. .. a
All Farm Products ..............................  ...............  _______________________________ .. 
Prices Paid by U. S. Farmers .............................................................. 

Relatives of Prices Received by Texas Farmers: _
Food Grains—Wheat-Rice ...................................................................... .. I
Feed Crops—Corn-Oats-Barley-Grain Sorghum-Hay, All (baled)... .~
Cotton lint (American Upland) (See index p. 27) .......................... .. _'
Oil-bearing Crops—Cottonseed-Peanuts ............................................ .. '
Fruit—Oranges-Grapefruit .................................................................... .. _
Potatoes and Sweetpotatoes ............................................................ .. v
Truck Crops—Cabbage-Carrots-Onions-Green Peppers- a

Spinach-Tomatoes-Watermelons .....................................  ................ .. v
Meat Animals—Hogs-Beef Cattle-Calves-Sheep-Lambs .................... .. f
Dairy Products—Milk, Wholesale-Milk, Retail-Butterfat-Butter .... .. 
Poultry Products—-All Chickens-Turkeys-Eggs  _
Wool (See index p. 29) ............................................................................. .. 

   
   
  
    
 

  
   
  
    
  
  
  
  
    
  
   
   
 
      
   
   
   
  
  
  
   
 

Texas Farm [Inmmmlitq Prices, 1947-52

John B. McNeelq and V. B. Ehilds*

a, gricultural prices in Texas were high during the period 1947-52,
- compared with most of the period 1910-47. Prices for the earlier
_rs are sumarized in “Texas Farm Commodity Prices,” published
 July 1948 by the Texas Agricultural Experiment Station as
lletin 700. Prices have been particularly high for Texas’ two
jor agricultural products, cotton and beef cattle.

L Relatively high prices were combined with high production to
‘A g about high cash income from all farm products. Texas
‘ked in the top three states in the United States in cash returns
p each of these years. This has been true despite relatively
_ avorable weather conditions during much of the period.

 Prices received for the major farm commodities produced in
y as are shown in Table 1. Prices for these commodities as well as
_:‘ many others produced in the State have varied significantly.
i bined returns indicate that farming has resulted in about two
.,l'on dollars annual gross income to Texas farmers.

I Profits from agricultural operations are dependent in large
on the relationship between costs and returns. Nationally,
_’ relationship is measured by the monthly indexes of prices
leived by farmers and prices paid by farmers. The index of
ces received is divided by the index of prices paid to obtain a
i0. This ratio, often called a “parity ratio” is used as a con-
iienlt means of evaluating the economic status of American
l-icu ture.

A Table 2 provides a similar comparison for Texas. The period
gust 1909—July 1914 is used as the base and is represented by
 index of 100. The prices received index for Texas summarizes
‘Pf-arm product prices in a composite price index number by giving
per weights to the individual prices included. The United
tes index of prices paid is used since no comparable index is
ilable for Texas. Both prices received and prices paid have
_,n high but the ratio between the two has been favorable. This
attributable to the relatively favorable prices for the major
- s farm products. The data in Table 2 are shown in graphic
. in Figure 16 and for the period 1910-52 on the cover page.

pectively, professor, Department of Agricultural Economics, Texas Agri-
tural Experiment Station, College Station, Texas; and agricultural
tistician, Bureau of Agricultural Economics, U. S. Department of
 ‘culture, Austin, Texas, office.

Table 1. Average prices received for selected farm products and cash inco;

.._5__

from all farm products, Texas, 1947-52

   

v

,,_

Year

Beef
cattle

Cotton-

Cotton seed

Eggs Wheat Wool

Hogs

Sheep

 

  
  

Cash inc 
from all f _
products

Rice

 

Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars

23.50
22.80
18.70
18.30
20.20
18.30

9.70
10.90
10.50
12.80
17.20
10.70

   
 

Million 1;‘
dollars
1,933 J
1,963 j
2,054 r
2,092 ._
2,187"
2,121 

1947 .310 16.20 86.00 .413 2.13 .43
1948 .296 20.20 72.10 .429 1.99 .54
1949 .281 18.80 43.70 .425 1.86 .56
1950 .389 21.70 90.90 .326 1.96 .68
1951 361 26.40 72.50 .442 2.19 .99
19522 .... .-3 21.00 ...... 13 .389 .... .3 .58
lDoes not include Government payments.

aPreliminary.

3Unavailable.

Table 2. Index numbers of prices received by farmers, Texas, index of pri
paid by farmers including interest, taxes and wage rates, Uni,
States, and ratio of prices received, Texas, to prices paid, Uni,

States, 1947-52 (1910-1914 = 100)

    

Ratio of pril

 

Prices Prices paid including

Year received, interest, taxes and received, Tex k
i Texas wage rates, U. S. prices paid, 

1947 287 239 120_ i‘
1948 306 259 118 i.»
1949 275 250 110 
1950 306 255 120 f
1951 370 281 132 .f
1952 330 28s 115 a
‘Y. 0f |909-|4 I
500- i - 

- ’ \ _  

400 '   Rice i \ —- 
/”/ ’ 

’ *4 r ~/ // /7’   ' / / k1 W  I  

20o         _ 

h Wheat ‘I 
|00—-—- 
0-   '   - 
I947 I948 I949 I950 l95I I952 I

Figure 1. Relatives of prices received by farmers for rice a 

   
  

 

 

Wheat, Texas, 1947-52 (August 1909-Ju1y 1914 = 100).

 

 

 o O

5'

‘Z, 0f I909— I4

.

a
it Z‘
r- '

 

 

I947

I948

I949

I950

   

I95!

I952

     
 

fghu

 
 
 
   
    
   
   
   
   

PRICE RELATIVES

Figure 2. Relatives of prices received by farmers for grain sor-
m, oats and corn, Texas, 1947-52 (August 1909-July 1914 = 100).

  A price relative is a commodity price stated as a percentage
3,»: base period price.

For example, the Texas base period price

gust 1909 - July 1914) for cotton is 12.1 cents and the price
January 1952 is 35.7 cents.

The price relative for cotton is

 + 12.1 cents x 100, or 295. Price relatives facilitate compari-
 of prices received for one commodity with prices received for
 commodities in relation to a common base period. Annual
e relatives are derived from calendar year average prices. The
 thly price relatives for all commodities are included in the
ndix. The annual price relatives for these same commodities
the period 1947-52 are shown in Tables 3, 4 and 5,

€ Relatives of prices received by farmers for specified crops, Texas, by years,
 1947-52‘ (August 1909-July 1914 = 100)

l

 

 

 

 

 

 

I Food grains Feed crops and hay Olkbeanng

_~ crops

5 Cotton Pota- Sweet-
- Sor- Cotton- Pea- toes pota-
a _ Rice Corn Oats Barley ghum Hay seed nuts toes
; 306 233 195 169 281 160 264 438 195 142 227
_ 359 246 209 174 279 195 255 410 217 166 237
T; 278 164 152 125 196 15‘) 236 242 215 158 230
i. 271 159 160 129 184 145 271 317 221 129 176
» 298 212 203 156 216 222 320 431 219 163 222
222 305 234 199 165 275 257 289 353 217 233 365

 
 

V‘ from calendar year average prices.

‘Z, of |909— I4

BOO

500

4OO

3OO

ZOO

IOO

 

I947

I948

I949

I950

I95I _

I952

Figure 3. Relatives of prices received by farmers for cottonseed 

and peanuts, Texas, 1947-52 (August 1909-July 1914 = 100).

Comprehensive index numbers of farm prices have been c0 b.

METHOD OF CALCULATING INDEX NUMBERS

puted nationally since 1921. Numerous revisions have been Q
in the items included in the index and in the Weights applied 
each item but the period August 1909 to July 1914 has been I
tained as the base period. The original assumption was that th

prewar years constituted a period of stable and relatively nor L

prices.

to its inclusion in vari

Continuation of the use of this base is largely attributa

prices for agricultural commodities.

‘I

ous laws enacted since 1930 relating to pari

Table 4. Relatives of prices received by farmers for fruit and truck cr!
Texas, by years, 1947-52‘ (August 1909-July 191.4 = 100) ‘

Fruit Truck 

Ye" Grape- 

Oranges fruit Cabbage Carrots Onions Peppers Spinach Tomatoes _ mel‘

1947 124 71 21s 542 330 179 34s 26s 

1948 102 51 191 458 609 319 320 244 3 g”
1949 61 56 167 432 415 299 419 235 2

1950 147 156 139 422 285 194 555 253 zvf-

1951 60 66 636 562 423 418 623 263 2 f

1952 157 251 319 401 657 880 510 331 3 

lDerived from calendar year average prices.
weighted season average price for truck crops, an

constants when there were no sales.

For index and relative computations, '3
d a nominal price for fruit were used,

   

7o of |909— l4 _ |
O0  Y Ts:;0‘;~.-_rl\_ "
_ ‘I "It I ~  _
40¢    ~‘ ---_ i»-
 ~  h";
- I  0 A ‘ . g or
Sweet Potatoes .5 "I
300-  \\-  -
_ | I _
I   l
2001 - - - ——— — — ' |——
 IE
Potatoes
0 I . l J
I947 I948 I949 I950 I95! I952

Figure 4. Relatives 0f prices received by farmers for potatoes and
sweetpotatoes, Texas, 1947-52 (August 1909-July 1914 = 100).

ZOO

‘Z, of I909—I4
IIOOO-
U
soo- g
l7
' 0
e00 U”
CI
400- A

I947 I948 I949 I950 I95I I952

NO prlCé dOlO CHIID 0-0-0-0

Figure 5. Relatives 0f prices received by farmers for onions and
tomatoes, Texas, 1947-52 (August 1909-Ju1y 1914 = 100).

___1()_

k y, of |9o9-|4
oo-

j

8O

 

600

400

   

ZOO

- Wotermelons JV / _J7o}- -
1 l I s’! s“ 6'
O

  
   
   
    
  
  
 
  
 

| / 1”"

1947 I948 I949 I950

No price doio cams o-o-o-o

l95l I952

Figure 6. Relatives of prices received by farmers for spinach
and watermelons, Texas, 1947-52 (August 1909-July 1914 = 100). ‘ 

The Texas price index was prepared using the United Sta
base period for prices, August 1909 to July 1914, and the Uni '
States base period for marketing Weights, 1935-39. The marketij
Weights are averages for the 5-year period of production of ea
of the items included in the index. ~

Cash income from the sale of the farm products in the Te
index includes over 96 percent of the total cash income from cro
livestock and livestock products during the years 1935-39. Ite
not included Were those for which no reliable price informati
was available.  

Table 5. Relative-s of prices received by farmers for live-stock and livestock y;
Texas, by years, 1947-521 (August 1909-July 1914 = 100) '

‘ Meat animals Dairy products Poultry products it

       

Year Milk, P
Hogs Beef Calves Sheep Lambs whole- Milk, Butter Butter- Chick- Tur- :1
cattle sale retail fat ens keys A

   

1947 348 369 347 222 312 256 225 303 272 273 305 24;
1948 340 454 423 243 381 282 244 317 289 311 388 Zfla
1949 272 423 388 240 395 263 239 281 230 295 357 24»
1950 271 497 466 303 445 247 238 271 222 270 298 19@
1951 296 601 580 402 545 287 258 290 255 294 343 25‘
1952 271 489 . 473 262 388 308 271 .... 1 264 286 338

lDerived from calender year average prices.

   
 
    
  
  
  

\' Commodities were placed in seven crop groups: food grains,
eds crops and hay, cotton, oil-bearing crops, fruits, potatoes and
eetpotatoes, and truck crops, and four livestock groups: meat
A imals, dairy products, poultry products, and Wool, to facilitate
rmparison of price trends.

Items included in each group are intended to represent all
k ilar items produced in the State, Whether included in the index

‘Z6. Base period prices, quantity weights and base values used in the construction
i‘ of group index numbers of prices received for farm products, Texas,
January 15, 1952

2 3 4 5 6 7 8 9
Value of Group
Bu; Average Prices base indexes
price, 111131111"? Base received by quantities Relatives (Slim! 0f
Unit gvgrage sold, value farmers, at Jan. 15, (6+3Xl00) ¢0L7+5Y
Aug. 1909- 1935-39 (3 >< 4) Jan. 15, 1952, prices sumsofcol.
July 1914 1952 (4 X 6) 5 X 100)
Dollars 1000 1000 Dollars 1000 Percent Percent
units dollars dollars
32795 81715 249
..... .. Bu. .983 23542 23142 2.29 53911 233
Cwt. 1.84 5246 9653 5.30 27804 288
24041 59569 248
.... .. Bu. .782 15259 11933 1.96 29908 251
.... .. Bu. .507 9589 4862 1.11 10644 219
. Bu. .835 531 443 1.41 749 169
._ CWt. .989 4430 4381 2.55 11296 258
. Ton 14.00 173 2422 40.30 6972 288
Lb. .121 1,697,500 205398 .357 606008 295 295
27847 95209 342
.... .. Ton 20.49 1165 23871 75.00 87375 366
..... .. Lb. .0466 85315 3976 .093 7934 200
16859 40531 240
.... .. Box 1.78 1822 3243 2.93 5338 165
.. Box 1.30 10474 13616 3.36 35193 258
4553 13690 301
.. Bu. 1.13 1401 1583 3.30 4623 292
. Bu. 1.13 2628 2970 3.45 9067 305
9885 40877 414
____ __ Ton 12.39 110 1363 90.10 9911 727
. Bu. .192 1483 285 .85 1261 443
.... .. 50 lb. -
sack .470 5034 2366 2.06 10370 438
.... .. Bu. .783 183 143 8.15 1491 1041
.... .. Bu. .353 5195 1834 1.80 9351 510
.. Bu. 1.05 3103 3258 2.22 6889 211
.... .. Each .105 6054 636 .265 1604 252
83531 415361 497
Cwt. 6.82 1647 11232 17.80 29317 261
Cwt. 4.38 11902 52131 24.00 285648 548
CWt. 5.35 2319 12407 29.90 69338 559
Cwt. 4.29 898 3852 13.80 12392 322
CWt. 5.34 732 3909 25.50 18666 478
40854 119908 294
Cwt. 2.18 8352 18208 6.90 57629 317
Qt. .0815 138200 1.1263 .217 29989 266
 Lb. .221 9363 2069 .66 6180 299
., Lb. .239 38970 9314 .67 26110 280
29168 77296 265
 Lb. .0955 41107 3926 .289 11880 303
.. Lb. .0868 53242 4621 .330 17570 380
. D02. .178 115850 20621 .413 47846 232

..... .. Lb. .161 71163 11457 .67 47679 416 416

__12__

7007, of l909-l4

600

500

400

300

   
  
    
   
   

200

 v~,\/\,~,v-
I947 I948 I949 I950 I95I I952

Figure 7. Relatives of prices received by farmers for beef cattlefi
calves and hogs, Texas, 1947-52 (August 1909-July 1914 = 100). p"

or not. For example, the index of truck crops computed only 1g
the items actually included in that group is intended to repres
relative prices for all truck crops grown in Texas. Cabbage, p
rots, onions, spinach and others are included in the index, but cry
of relatively minor importance such as radishes, cantaloupes I
sweet corn are not included. I

The price index for each group was computed for each mo 
in the period January 1947-December 1952 by the following methf

(1) The base price for each commodity (5-year average;
August 1909 to July 1914) was multiplied by the base quantity,
marketed (5-year average, 1935-39) to obtain a base commod-yl
ity value in dollars. 9 6

Table 7. Index numbers of prices received by farmers by commodity groupsf’
by years, 1947-52 (August 1909-July 1914 = 100) 

                 

Feed Oil- Potatoes -

Year Food cums Cotton bean“! and Fruit Truck Meat Dairy Poult q

grains and ‘mp9 sweet‘ _ crops animals products produ I 4

hay potatoes] | I ,
1947 256 226 264 404 198 81 I 300 354 253
1948 259 238 255 382 213 61 353 421 275
1949 219 166 236 238- 205 57 312 388 250
1950 223 162 271 303 160 154 307 451 240
1951 243 211 320 400 201 65 432 545 272

1952 246 235 289 333 319 233 450 442 287

 

" ' " F"'I\'l'  _
200 I   
X Retail milk Butferfct

of 1909-14

    
   

            

I949 I950

Figure 8. Relatives of prices received by farmers for sheep, lambs
and wool, Texas, 1947-52 (August 1909-July 1914 = 100).

‘70 of I909—I4

 
       

600

500

400 - -

30o   9 a  K     -

 /vvvvvv~4
I947 I948 I949 I950 I95l I952

Figure 9. Relatives of prices received by farmers for Wholesale
milk, retail milk and butterfat, Texas, 1947-52 (August 19-09-July
1914 = 100). . _,

__14___

 
  

Table 8. Base weights, group index numbers and computations of all crop,
~ all livestock and all farm products index numbers,‘ Texas, January
15, 1952 (August l909-July 1914 = 100)

1 2 3 4 5 

Group weight Index j

(percentage of Group index Weighting number! 

Group total cash in- numbers (2 X 3) (sumaoffri;

come), average Jan. 15, 1952 column 

1935-1939 4 —2- 100) ;

All farm prod-um, 100 ...... -. 34,701 347
All crops - 57 301 17,157 
A511» livestock and livestock products ....... -. 43 408 17,544 ...... ..
Crops 100 ...... .. 30,060 301
Cotton lint (American Upland)--..._._....._. 61 295 17,995 ...... ..
Oil bearing crops 11 342 3,762 ...... ..
Food grains 10 249 2,490 ...... ..
Truck crops..... 8 414 3,312 ...... ..
Feed crops and hay ................................... .- 5 248 1,240 ..... 
Fruit 4 240 960 ...... ..
Potatoes and sweetpotatoes ..................... -- 1 301 301 ...... ..
Livestock and livestock products ................ -. 100 ...... .. 40,793 408
Meat animals 53 497 26,341 ...... ..
Dairy prflllln-fg 22 294 6,468 ...... ..
Poultry pfnlllnvfe 16 265 4,240 ...... ..
won] 9 416 3,7 44 ...... ..

(2) The base commodity values were added to obtain the
base aggregate value for the group.

(3) The monthly price of each commodity was multiplied 
by the base quantity marketed (5-year average, 1935-39) to  a
obtain the monthy commodity value in dollars. ~

50C

400 -

   
  

1
300 1

200- 
- %cu|lor<eus  i
'4‘ l 1\*T 3AA

/-\r\ /\ 
I947 I948 I949 I950 I95! I952

IOC

Figure 10. Relatives of prices received by farmers for chickens, r
turkeys and eggs, Texas, 1947-52 (August 1909-July 1914 "- 100).

_15__

TsTable 9. Index numbers of prices received by farmers by major groups,
 Texas, by years, 1947-52 (August 1909-July 1914 = 100)

All livestock

Year All crops and livestock A" “rm

products products
. 1m 271 30s 2s’:
 I948 268 356 305
41949 ______ n 230 336 275
 1950 261 365 306
;§l951 313 445 370

a a 1; 1952 29s s11 :30

   
   
   

(4) The monthly commodity values were added to obtain
the monthly aggregate value for the group.

(5) The monthly aggregate value was divided by the base
aggregate value and multiplied by 100 to derive the monthly
group index number.

a The base prices and base quantities for each commodity in-
 luded in the Texas price index are given in Table 6. This table
a shows also the price relatives and group index numbers for
January 15, 1952, as an illustration of the method.

 Monthly price indexes for all groups for the period 1947 to
1952 are given in the Appendix. Annual group price indexes were

600% 0f  

soo-——-~

 

55 400-

 

 
   

“l
p l -
- FOOD GRAINS I FEED CROPS

 3o0—-— - -AND Hl}Y(——-
£9 C’ I’

g Z001’ Q'I~- I If Mnxzz/j _

_ *o~,¢"."\l

 uoo W. ' ' w“- g
1947 194a I949 I950 |95| |9s2

 Figure 11. Index numbers of prices received by farmers for food
 grains and feed crops and hay, Texas, 1947-52 (August 1909-July
 1914 = 100).

__.15__

‘Z, 0f I909 t I4
O0"

  
    

500 Oil bearing crops"

400

300

200

IOO

v v :
I947 I948 I949 I950 l95l I952

Figure 12. Index numbers of prices received by farmers for cotton
and o-il bearing crops, Texas, 1947-52 (August 1909-July 1914 = 100).

‘Z, of I909— I4 |
759’ I .  _\

600

450

300

|50- Potatoes 8 Sweet I I ‘ ‘ \ _ -
V I Potatoes 9  FruIt
_  F/ _
O I I ‘I I I I
I947 I948 I949 I950 l95l I952

No price doto 0-0-0

Figure 13. Index numbers of prices received by farmers for fruit,
potatoes and sweetpotatoes, and truck crops, Texas, 1947-52 (August
1909-Ju1y 1914 = 100).

_17__.

   
  
    
  
 
 
  
   
 
  
  
  
  
   
   

rived from calendar year average prices. These annual indexes
 e summarized in Table 7. » i r  

g The seven crop group indexes were combined to derive an all-
op index, the four livestock group indexes were combined to
rive an all-livestock index, and these two major group indexes
ere corlnbined to derive an all-farm products index by the follow-
3:. met od:

 (1) Group cash incomes were determined by combining
i the average base marketing period (5 years, 1935-39) cash
pi, incomes for each commodity in the group.

 (2) Group cash incomes Were combined to determine all
 crop and all livestock cash incomes and these figures were
 combined to determine the all commodity cash income. i

 (3) Percentage Weights for each crop group were de-
i termined by dividing each group’s cash income by the all crop
cash income; individual livestock group Weights Were derived
-,as percentages of the all livestock cash income; and all crop
i. and all livestock percentage Weights were derived by dividing
itheir respective cash incomes by the all farm products cash
a 111001116.

     

[$007, of |9o9-|4
m
n 40o

fi 
I

I947 I948 I949 I950 a |95l i952

 20o

   

IOC

, Figure 14. Index numbers of prices received by farmers for meat
V, animals, dairy products and poultry products, Texas, 1947-52 (August
 1909-July 1914 = 100).

(4) Monthly crop group index numbers were multiplied

by the group percentage weights, and the products were added 

and the sum divided by 100 to derive the all crop index.

(5) Monthly livestock group index numbers were multipli- it
ed by the group percentage weights, the products were added y‘

and the sum divided by 100 to derive the all livestock index.
(6) The all crop and all livestock indexes as derived, were

multiplied by their respective percentage weights to derive 

the all farm products index.

The percentage weights for each group, all crops and all
livestock are shown in Table 8, together with the application of
these weights to the group price indexes for January 15, 1952 as?
shown in Table 6. The all farm products index of 347 indicates tha

‘I
‘.

farm commodity prices in Texas are approximately three and a?
half times as high as during the base period, 1910-14. 

Monthly all crops, all livestock and all farm products price}
indexes are summarized in the Appendix. Comparable annual‘;
price indexes were derived from calendar year average prices.
These annual price indexes for the period 1947-52 are shown 
Table 9. These indexes show a wide range in prices received by

Texas farmers during this period. -

_ l _
i559

All livestock and

    

39°17 _—  “
a  l/ gpll crops

 I I
I947 I948 I949 I950 l95l

 

Figure 15. Index numbers of prices received by farmers for all
crops and for all livestock and livestock products, Texas, 1947-52 (August I‘

1909-July 1914 = 100). 

_19.__

 
  
 
 
 
 
 
  
  
  
 
  
   
    
    
  

4507, of I909 —l4

400

e350

.1 ,’
 /~' 5_
'1

300 -  -

250

 

Prices paid
United States "

i}  1 | l

n94? 794s‘ 1949 |9so I95! |952

Figure 16. Index numbers of prices received by farmers for all
 farm products, Texas, and index numbers of prices paid by farmers
‘a including interest, taxes and wage rates, United States, 1947-52 (August
l: 1909-July 1914 = 100).

SEASONAL VARIATION

g Prices of farm products normally vary from month to month
 accordance with the volume of marketing and other factors. It
f: sometimes desirable to test prices for this seasonal variation to
etermine whether the month-to-month changes are greatly dif-
(rent from normal seasonal trends.

. For Texas, moving seasonal indexes of price variation were
nstructed for eggs, wholesale milk and butterfat, (Table 10).
 ese commodities are characterized by extreme seasonal varia-
'ons following a more uniform pattern from year to year than
r other farm commodities.

p The method followed in computing the moving seasonal
a dexes of price variations was as follows:

z (1) A 24-month moving average of monthly prices was

i computed.

“ (2) Each monthly price was divided by the computed
 average price of which this month was the mid-point, and
expressed as a percentage.

(3) The monthly percentages were plotted by years.

1 (4) A freehand trend line was fitted to the plotted per-
jcentages.

Table 10.

 
 
   
 
   
  
   
    
 
  
  
    
   

(5) The trend line was adjusted until the values for the;
12 months in any year totaled 1,200 while retaining smooth,"
well-fitting trends.

Individual monthly commodity prices are adjusted for seaso“
variation by dividing the price by the monthly index of seaso
variation. This has the effect of raising the prices which :=
seasonally lower than average and lowering the prices which :
seasonally higher than average. Thus, to the extent that »
seasonal index measures the normal seasonal movement, the a
justment removes the seasonal movement from the data j_
permits direct comparison of the given month with other mon
in the same year or with other years.

ACKNOWLEDGMENTS

Acknowledgment is due Marie A. Smith of the Bureau;
Agricultural Economics for capable performance of essenz
clerical functions involved in preparation and revision of indivi
prices and index tables, and to Joe D. Herman of the same Bu _
for technical assistance. Appreciation is also expressed to ' '
W. Tieken of the Texas Agricultural Experiment Station for
work in assembling the price data and preparing rough draft‘
the charts for this publication. ‘

APPENDIX

The text of this bulletin summarizes annual data on f
commodity prices, price indexes and price relatives. For perso 
terested in more details, monthly data on farm commodity pri
price indexes and price relatives are presented in the appe
Specific tables may be located by consulting the Contents, pa

Relatives of prices received by farmers, adjusted for seasonal 5
tions, Texas, 1947-52 (August 1909-July 1914 = 100) '

Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov
Eggs
1947 222 215 233 243 238 232 240 252 260 264 253
1948 254 261 248 248 234 237 247 250 257 252 253
1949 243 261 244 253 259 248 243 257 254 259 242
1950 171 164 181 176 173 171 184 209 209 200 207
1951 241 242 243 252 261 248 252 264 290 267 259
1952 221 191 197 205 203 203 230 267 271 247 243
Milk, wholesale
1947 260 256 252 246 246 246 246 251 250 247 281
1948 280 277 273 272 277 280 287 292 292 289 291
1949 277 274 259 258 256 256 253 265 269 265 264
1950 255 256 243 229 232 232 237 248 252 254 256
1951 268 279 275 279 280 285 282 291 301 298 306
1952 299 303 305 300 305 301 307 311 315 321 316
Butter-fat
1947 280 250 285 271 241 239 252 269 308 285 283

1948
1949
1950
1951
1952

309
240
223
245
267

304
234
221
256
270

297
23o
22s
257
269

228
228
255
264

231
222
258
262

318
224
220
256
260

312
222
218
256
263

278
224
211
256
265

1Simple annual average.

_ 217A

grains: Average prices (dollars) received
 ths, 1947-52 A

by farmers, Texas, by

" I I I I I
“Feb. Mar. lApril l May ‘ June I July ‘ Aug. Sept. Oct. l Nov. Dec. . Ave.
Wheat (per bushel)
; 1.99 2.50 2.43 2.40 1.94 2.00 2.04 2.41 2.60 2.70 2.76 2.131
2.11 2.14 2.23 2.16 2.01 2.00 1.97 1.99 2.00 2.06 2.07 1.99
 1.96 2.00 2.02 1.96 1.66 1.77 1.79 1.89 1.91 1.92 1.96 1.86
' 1.98 2.03 2.05 2.03 1.92 1.97 2.00 2.00 2.00 2.04 2.07 1.96
2.19 2.14 2.14 2.12 2.15 2.12 2.13 2.14 2.17 2.27 2.31 2.19
2.25 2.26 2.25 2.20 2.04 2.02 2.09 2.17 2.15 2.20 2.21 ...... ..
Rice (per 100 pounds)
~ 5.16 5.18 5.09 5.09 4.89 5.56 6.33 5.40 6.02 6.67 7.11 6.24’
7.56 7.33 7.33 7.56 7.78 7.67 4.89 4.51 5.33 5.89 6.11 5.38
5.87 5.44 5.33 5.33 5.56 5.33 4.40 4.35 4.45 4.65 4.65 4.51
5.00 4.65 4.55 4.60 4.65 4.85 4.90 5.00 5.50 5.70 5.60 5.46
.__; 6.40 6.30 6.10 6.00 5.80 5.50 4.70 3.90 5.00 5.00 4.90 4.86
=f 5.20 5.20 5.30 5.50 5.60 5.60 5.50 5.40 6.00 6.30 6.50 ...... ..

‘ IGUIOII average—crop
I R8801‘! average-crop

1 Feed crops and hay:
gby months, 1947-52

marketing season, begins in June.
marketing season begins in August.

Average prices (dollars) received

 

     

 

l I
Feb. Mar. ‘April May June -July Aug. i Sept. x Oct. Nov. ‘ Dec. \ Ave.
Corn (per bushel)
1.46 1.60 1.67 1.67 1.71 1.92 1.97 2.09 2.00 2.07 2.26 2.101
2.00 2.23 2.25 2.27 2.24 2.10 1.76 1.52 1.43 1.43 1.50 1.53
1.41 1.46 1.42 1.41 1.37 1.34 1.23 1.03 1.05 1.08 1.11 1.12
1.18 1.18 1.23 1.30 1.32 1.29 1.27 1.16 1.16 1.22 1.38 1.26
1.64 1.66 1.69 1.71 1.70 1.65 1.56 1.55 1.63 1.75 1.89 1.67
’ 1.95 1.91 1.90 1.86 1.86 1.81 1.76 1.76 1.73 1.70 1.72 ...... ..
 Oats (per bushel)
.92 .99 .98 .95 .84 .84 .94 1.08 1.09 1.12 1.23 .93’
1.10 1.21 1.25 1.22 1.03 1.01 .89 .90 .91 .95 .95 .99
.88 .89 .85 .78 .57 .63 .65 .70 .73 .76 .79 .65
.80 .79 .81 .82 .73 .73 .78 .81 .84 .89 .95 .77
1.03 1.04 1.04 1.03 .99 .97 .97 1.00 1.05 1.11 1.12 1.01
1 1.09 1.08 1.03 .98 .86 .91 .98 1.01 1.03 1.03 1.02 ...... ..
Barley (per bushel)
1.26 1.37 1.34 1.31 1.18 1.24 1.38 1.57 1.57 1.65 1.74 1.333
1.55 1.65 1.77 1.74 1.48 1.40 1.21 1.14 1.15 1.19 1.23 1.34
1.19 1.19 1.13 1.07 .84 .87 .93 1.01 "1.00 1.03 1.03 .92
1.01 1.03 1.04 1.05 1.02 1.02 1.07 1.15 1.13 1.17 1.22 1.08
0 1.35 1.33 1.31 1.26 1.25 1.20 1.25 1.30 1.30 1.35 1.40 1.27
1 1.35 1.37 1.37 1.35 1.22 1.30 1.37 1.43 1.45 1.40 1.50 ...... ..
 Grain sorghum (per 100 pounds)
7 0 2.15 2.55 2.70 2.70 2.75 2.65 2.75 3.20 3.15 3.20 3.55 3.184
:70 2.70 3.30 3.55 3.60 3.40 2.35 1.95 2.05 2.05 2.20 2.25 2.25
 5 2.08 2.20 2.20 2.17 2.01 , 1.85 1.76 1.67 1.67 1.67 1.80 1.95
* 0 1.88 1.94 1.96 1.90 1.85 1.76 1.75 1.65 1.57 1.76 1.86 1.82
’ 8 2.12 2.07 2.10 2.18 2.12 2.00 2.00 2.05 2.13 2.38 2.50 2.32
55 2.55 2.55 2.60 2.65 2.70 2.65 2.85 3.00 2.90 2.80 2.85 ...... ..
 Hay, all (baled) (per ton)
'0 22.50 23.60 24.10 22.20 18.70 18.70 20.50 22.50 24.00 25.00 25.50 23.405
90 29.00 30.50 31.10 29.60 26.50 25.00 24.80 25.20 24.80 25.80 26.90 25.80
‘60 28.00 27.20 25.70 23.30 19.40 18.40 18.70 18.60 19.30 19.40 20.70 19.70
.60 20.80 20.20 20.30 20.40 19.00 18.50 18.50 18.80 19.60 21.40 24.60 21.70
0 31.40 30.50 31.40 31.20 25.70 24.50 28.50 32.20 34.20 36.70 38.60 30.60
:30 40.40 38.30 36.60 32.90 29.50 29.50 33.10 36.30 36.20 38.40 40.10 ...... ..
crop season average-crop marketing season begins in August.
crop season average—crop marketing season begins in June.
crop season average-—crop marketing season begins in June.
crop season average-crop marketing season begins in July.
crop season average—crop marketing season begins in May.

--22-'

Table 13. Cotton lint (American Upland): Average prices (cents per pound)
by farmers, Texas, by months, 1947-52

Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec.

1947 29.1 29.9 32.4 32.0 33.4 34.1 36.0 32.8 30.2 29.8 30.6 33.0 '
1948 31.7 28.6 29.7 33.4 33.8 33.2 32.0 30.0 29.6 29.6 29.5 28.9 .
1949 28.7 29.1 29.1 29.5 30.0 29.9 29.6 29.1 28.6 27.4 26.7 25.5 .0
1950 26.0 26.8 27.9 28.2 28.4 29.5 32.8 37.0 _ 39.5 37.5 40.3 39.1 i
1951 40.0 40.5 40.9 41.6 41.7 41.0 38.3 34.5 32.8 34.8 40.2 38.4 I
1952 35.7 35.0 35.0 36.3 35.6 36.8 35.9 37.5 37.4 34.6 31.8 29.0 -_

lWeighted crop season average-crop marketing season begins in July.

Table 14. Oil-bearing crops: Average prices received by farmers, Texas, by 
1947-52 .

Year Jan. April May

     

Feb. I Mar.
I

   

June July Aug. Sept. Oct. Nov. Dec.

Cottonseed (dollars per ton) _
1947 100.00 98.00 98.00 98.00 88.00 86.00 79.00 76.00 76.00 91.00 91.00 97.00 ,
1948 96.00 89.00 87.00 90.00 93.00 94.00 96.00 79.00 69.00 67.00 74.00 74.00 j
1949 73.00 64.00 60.00 54.00 50.00 44.00 37.50 44.00 42.50 40.50 42.00 43.50"
1950 43.50 44.00 43.50 45.50 46.50 47.50 52.00 75.00 85.00 90.00 102.00 105.00 i
1951 104.00 104.00 105.00 106.00 105.00 95.00 78.00 71.00 67.00 73.00 76.00 75.005
1952 75.00 74.00 73.00 73.00 70.00 71.00 71.00 72.00 72.00 73.00 72.00 71.001
Peanuts (cents per pound) Q
1947 8.3 8.3 8.4 9.0 9.3 9.0 9.0 9.1 9.5 9.5 9.7 9.9
1948 9.8 9.6 9.8 9.8 10.3 10.3 10.3 10.4 10.4 10.2 10.1 10.2 _
1949 10.3 9.8 10.2 10.1 10.0 10.0 10.2 9.8 9.8 9.8 10.2 10.1 I.’
1950 10.0 10.3 10.0 10.0 10.0 10.0 10.3 11.0 10.8 10.1 10.4 10.4
1951 10.5 10.3 10.3 10.4 10.4 10.4 10.4 10.5 9.9 10.1 9.9 9.4 ,
1952 9.3 9.6 9.5 9.0 9.0 9.0 9.0 11.5 11.7 11.2 11.3 11.4 f

1Weigbted crop season average—crop marketing season begins in July.
‘Weighted crop season average—-crop marketing season begins in August.

Table 15. Fruit: Average equivalent packing-house door returns (dollars -»
received by farmers, Texas, by months, 1947-52 ‘

I I I I I I I | I I I I ’
Year I Jan. I Feb. I Mar. IApril  May I June I July I Aug. I Sept. I Oct. I Nov. I Dec._

1947 1.06 1.83 2.30 2.52 2.53 2.82 . . . . . . . . . . . . . . . . . . . . . . .. 2.01 1.71 1.15

1948 .90 1.68 1.95 1.85 1.75 2.19 . . . . . . . . . . . . . . . . . . . . .. . 2.09 .88 1.21‘,

1949 2.17 .87 .51 . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.20 2.20 1.9a

1950 1.85 3.19 2.90 3.07 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.00 1.78 1.15

1951 .84 .76 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4.2a

1952 2.93 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

Grapefruit '4
1947 .71 .75 .94 .89 .80 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.95 1.13 .7 I
194s .44 .48 .38 .28 .40 .50 ...................... .. 1.70 .68 . r
1949 .80 .36 .31 . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _  1.83 1.78 1.8
1950 1.94 2.30 2.31 2.08 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.36 1.91 1.09
1951 .84 .53 . . . . . . . . . . . . . _ . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4.1
1952 3.36 .............. ..  .............. ..  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. '

lweighted crop season averag%crop marketing season begins in October. For index purposes '
price was used as a constant in months when there were no sales. .

_23 __

   
   
    
  
     

 Potatoes and sweetpotatoes: Average prices (dollars per bushel) received
by farmers, Texas, by months, 1947-52

 u Feb. M...

 

April I May I June

Potatoes
1.50 2.40 2.25 2.05 1.15 1.60 1.25 1.30 1.25 1.25 1.80 1.691
1.80 2.40 2.75 2.25 1.75 1.55 1.40 1.45 1.65 1.65 2.10 1.96
2.10 2.35 1.95 1.70 1.70 1.45 1.45 1.60 1.60 1.60 1.80 1.70
1.80 1.75 1.80 1.30 1.25 1.65 1.40 1.00 1.00 1.00 1.80 1.56
1.80 1.80 2.60 2.00 1.50 1.90 1.50 1.65 1.65 1.65 2.25 1.88
3.00 3.00 2.75 2.65 3.15 2.45 2.25 2.25 2.25 2.25 2.25 ...... ..

Sweetpotatoes
2.40 2.50 2.55 2.55 2.85 2.90 3.10 3.10 2.45 2.00 2.10 2.42”
2.65 2.65 2.70 2.90 2.40 3.15 3.25 2.90 2.40 2.35 2.40 2.65
3.00 3.05 3.25 3.10 2.65 2.90 2.50 2.40 1.90 1.80 1.90 2.03
2.20 2.15 2.05 2.25 2.20 2.10 2.10 1.90 1.50 1.50 1.75 1.76
2.15 2.20 2.10 2.20 2.15 2.15 2.65 2.85 3.05 3.25 3.45 3.28
3.55 3.55 4.00 4.50 4.20 4.40 5.30 4.35 4.05 3.80 4.25 ...... ..

crop season average-crop marketing season begins in November of previou year.
crop season avera¢e-—crop marketing season begins in July.

July Aug. i Sept. Oct. Nov. Dec. Ave.

Truck crops for fresh market: Average prices (dollars) received by farmers,
Texas, by months, 1947-52

           

 

=0 1 Feb. Mar. April May June July Aug. Sept. i Oct. Nov. Dec. Ave}
 - I .
Cabbage (per ton)
21.10 20.00 15.80 16.20 20.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 78.00 40.50 20.502

13.20 26.30 49.80 25.00 . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . .. 30.00 19.50 10.50 22.70

17.30 26.70 19.90 30.00 _ . . . . . . . . . . . . . . . . . . . _ . . . _ . . . . . .. 31.60 35.00 16.90 14.60

10.20 9.60 14.20 16.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 25.00 26.90 43.20 12.30

100.60 90.00 65.00 . . _ . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 90.00 108.00 68.00

21.20 12.40 21.20 25.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 65.00 38.50 17.40 46.00
Carrots (per bushel)
.75 .70 .70 .65 . . . . . . . . . . . . . . . . . _ _ . . . . . _ _ . . _ . _ ._ 4.50 1.05 .703

.80 .80 1.05 1.00 1.00 . . . . . . . . . . . . . . . . . . . . _ . _ . . . . . . . . . . _ _ _ . . ._ .90 .85

.75 .70 .70 .80 .83 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.20 .70 .80

.70 .70 .70 .75 .70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.25 1.15 .75

1.30 .90 1.00 1.00 .90 . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . .. 1.25 1.20 1.05

.50 .60 .65 .75 .75 .75 . . . . . . . . . . . . . . . . . . . . . . .. 1.15 1.10 .70
Onions (per 50-pound sack)
...... .. 2.25 1.45 1.21 1.45 1.00 2.50     1.344
...... .. 5.00 3.30 2.45 2.75 3.10 3.30 3.00    2.93
...... .. 2.75 1.55 1.42 1.88 1.80 1.70 1.75    1.56
...... .. .80 1.05 1.31 1.82 1.70 1.65 1.25    1.12
...... .. 2.75 2.55 2.82 1.80 1.65 1.80     2.06
...... .. 3.90 3.90 2.95 2.03 2.35 2.45     3.35
Green peppers (per bushel)
_ . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . .. 2 20 2.20 2.00 2 305

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . .. l 85 2 55 3.15 2.60

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . _ . . . . . . . . . . . .. 1.15 1 50 1.15 1.30

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1 90 2.10 2.55 2.20

. . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . .. 2 55 8.20 8.70 8.15

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.25 3.60 3.50 
Spinach (per bushel)
1 20 1.35 1.10 . . . . . . . . . . . . . . . . . . . . . . ..  . . . . . . . . . . . . . . .. 1.55 1.55 1.15“

1 25 .85 .80 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.35 1 35 1 15

1.75 1.20 1.20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.40 1.40 1.50

2.35 1.70 1.50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.65 2.50 1.95

2.20 1.50 1.60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.15 2.10 2.35

1.65 1.65 1.50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.00 2.15 1.80
Watermelons (per 1,000 melons)
. . . . . . . . . . . . . . . . . . . . . . .. 900 60 200 168 300    2427

. . . . . . . . . . . . . . . . . . . . . . .. 735 390 356 256 210    375

. . . . . . . . . . . . . . . . . . . . . . .. 500 302 180 116 200    211

. . . . . . . . . . . . . . . . . . . . . . .. 750 384 260 225 225  288

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 550 200 270 270  265

_ _ _ _ _ , _ _ . _ . _ _ _ _ _ _ . _ _ _ . .. 650 525 310 290 290  315

 

ted crop season average. For index purposes, the weighted season average price was used as a
p in months when there were no sales.

year starts in October of'"previous year. ‘Crop year starts in October of previous year.

year starts in November of previous year. “Crop year starts in November of previous year.
year starts in March. YCrop year starts in May.

_24_



Table 18. Tomatoes for fresh market: Average prices (dollars per bushel)
by farmers, Texas, by months, 1947-521

                 

I Early and late spring l Fall
Crop Weighted 1 ‘ Weight
year Mar. April May June July season Oct. Nov. Dec. Jan season
average average
1947-48 ...... .. 5.85 3.06 2.25 1.50 2.53 2.65 4.70 3.10 1.59
1948-49 ...... .. 4.25 2.97 2.64 1.95 2.69 2.30 2.20 1.90 ...... ..
1949-50 ...... .. 2.40 2.16 1.80 1.20 1.98 4.45 3.50 2.30 1.60
1950-51 1.95 1.75 1.83 4.15 2.65 2.61 3.15 4.20 3.35 ...... ..
1951-52 . . . . . . . . . . . . . . .. 2.38 ’ 1.95 1.30 2.06 4.30 3.90 4.30 ...... ..
1952-53 4.40 2.80 2.04 5.22 5.15 3.96 4.25 2.85 2.65 ...... ..

1For index purposes, a nominal price was used as a constant in months when there were no sal

Table 19. Meat animals: Average prices (dollars per 100 pounds) received by f
Texas, by months, 1947-52 ‘

Year Jan. Feb. Mar. April May June July Aug.

 

I
Sept. Oct. i Nov.

Hogs
1947 20.60 21.80 24.00 23.40 22.60 23.00 23.20 24.60 26.30 26.80 24.00
1948 25.20 21.20 21.60 21.00 21.10 23.20 26.10 26.30 26.30 23.40 22.00
1949 19.70 18.50 19.60 18.00 17.60 19.60 19.80 20.60 20.20 18.20 16.20
1950 15.20 16.20 16.00 15.60 17.60 18.50 22.20 22.20 22.20 19.40 18.80
1951 19.80 21.40 21.00 20.30 20.00 20.40 20.90 21.50 20.40 20.30 18.50
1952 17.80 17.50 17.30 16.60 19.00 19.90 19.90 21.30 19.40 18.90 17.40

Beef cattle
1947 14.60 15.10 16.10 16.40 16.20 17.00 17.10 16.50 16.00 16.00 16.00
1948 19.50 18.20 20.80 21.60 20.90 19.60 22.00 20.30 20.70 18.60 18.00
1949 19.80 18.50 20.60 20.60 19.80 18.00 17.40 17.00 17.50 17.60 17.60
1950 19.10 20.20 20.40 20.60 21.20 21.80 22.40 22.70 23.30 22.90 22.90
1951 25.80 27.90 28.50 29.30 27.50 27.00 24.80 25.50 26.90 25.50 23.60
1952 24.00 26.60 25.50 25.80 25.30 23.20 22.10 20.10 18.20 15.00 16.00

Calves
1947 15.70 16.50 17.50 18.00 18.50 19.20 19.50 19.50 20.00 19.00 18.90
1948 22.10 21.10 22.70 23.50 24.00 23.30 25.60 23.50 24.00 20.00 20.60
1949 22.00 21.00 22.90 22.90 22.00 21.00 19.80 20.00 19.00 19.20 20.00
1950 21.50 22.50 23.20 23.60 24.50 25.20 25.70 26.70 27.00 25.90 25.90
1951 29.80 32.30 33.40 34.30 32.30 32.00 29.00 30.00 31.00 30.50 29.00
1952 29.90 30.90 30.00 30.50 28.50 28.30 26.50 24.00 21.50 17.50 19.00

Sheep
1947 8.60 8.50 9.50 9.70 9.70 9.70 10.00 9.90 10.00 9.50 9.90
1948 10.00 10.00 10.00 10.00 12.00 11.70 11.20 11.20 10.30 9.90 9.70
1949 10.00 9.80 9.80 11.00 11.00 10.80 10.80 10.30 9.80 10.30 9.50
1950 10.50 11.40 12.50 12.30 12.60 12.60 12.40 12.90 13.30 15.30 15.00
1951 16.20 18.50 20.60 18.60 17.90 18.10 16.20 16.50 16.50 16.90 15.50
1952 13.80 13.80 13.80 14.30 13.40 12.60 10.70 9.70 9.80 7.90 7.20

Lambs
1947 15.20 15.00 16.10 16.10 16.00 17.70 17.20 17.20 17.70 17.00 17.20
1948 19.20 18.70 18.50 18.50 21.00 21.30 23.00 22.00 21.20 20.30 20.10
1949 20.70 20.50 21.60 24.70 23.60 22.00 19.60 18.80 19.50 19.90 20.90
1950 21.30 21.70 22.40 22.40 22.60 22.60 23.10 24.50 25.00 26.40 26.50
1951 29.60 32.50 33.90 31.20 29.40 29.40 27.30 28.00 28.50 27.90 26.00
1952 25.50 24.70 23.90 24.20 23.50 22.40 19.80 19.30 17.90 16.60 15.40

lWeighted annual average.

  

  

120. Dairy products: Average prices received by farmers, Texas, by months,
‘ 1947-52
Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec. Ave.
Milk (wholesale) (dollars per 100 pounds)
5.70 5.50 5.25 5.20 5.10 5.10 5.20 5.40 5.65 6.30 6.50 5.501
6.15 5.95 5.80 5.80 5.80 5.95 6.05 6.30 6.55 6.60 6.50 6.11
6.10 5.65 5.45 5.30 5.25 5.25 5.55 5.80 6.00 6.05 6.00 5.67
5.75 5.30 4.80 4.75 4.70 4.90 5.25 5.50 5.75 5.85 6.05 5.26
6.20 6.00 5.90 5.80 5.85 5.85 6.10 6.50 6.75 7.00 7.00 6.18
6.80 6.65 6.35 6.25 6.10 6.35 6.45 6.80 7.35 7.30 7.30 6.68
Milk (retail) (cents per quart)
17.8 17.8 17.8 17.7 17.6 1 . . 18.2 18.6 19.9 20.0 18.32
19.7 19.3 19.3 19.3 19.9 19.6 19.6 20.5 20.5 20.6 20.3 ‘ 19.9
20.0 19.7 19.5 19.4 19.3 19.3 19.3 19.3 19.3 19.4 19.6 19.5
19.3 19.1 18.6 18.4 18.4 19.0 19.6 19.9 19.9 20.1 20.5 19.4
20.9 20.6 20.6 20.6 20.4 20.5 21.0 21.5 21.8 21.8 22.0 21.0
21.8 21.8 21.7 21.6 21.6 21.6 22.1 22.8 22.8 22.8 2.5 22.1
Butter (cents per pound)
67 68 67 62 62 64 69 69 71 76 661
71 70 70 69 70 70 69 69 68 68 68 70
64 64 64 62 60 60 61 61 62 62 62 62
60 60 60 59 59 59 60 60 60 61 63 60
64 64 63 64 63 63 63 64 64 65 66 64
66 66 65 ...... "3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . _ . . . . . . . . . . . . . . . . . . . . . . . . _ . ..
Butterfat (cents per pound)

61 68 64 57 56 59 63 73 68 69 77 641
74 71 73 74 73 73 70 67 60 60 60 70
57 55 54 54 52 52 52 54 55 56 56 54
54 54 54 52 51 51 51 51 53 55 55 53
63 62 61 61 60 60 59 60 60 60 63 » 61
67 65 63 62 61 61 61 62 62 62 61 63

 d annual average.

zSimple annual average.

l. . Poultry products: Average prices (cents)
months, 1947-52

“Price not quoted after April, 1952.

received by farmers, Texas, by

 

Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec. Ave}
All Chickens (per pound)
23.5 25.8 27.6 27.4 . 25.6 26.6 29.8 27.2 24.8 24.8 26.0
28.3 31.6 32.5 29.9 31.0 29.0 29.6 30.4 28.8 27.9 29.2 29.8
‘ 28.3 30.5 30.5 29.0 28.2 26.4 26.9 27.0 26.9 28.3 26.6 28.1
. 26.8 28.3 27.8 26.0 24.9 27.2 28.3 27.3 24.4 23.2 22.4 25.9
.0 27.8 32.8 29.6 27.2 28.5 27.8 28.7 29.6 26.0 25.5 26.2 28.1
b .9 28.5 26.9 24.4 25.5 24.9 28.2 27.6 29.7 28.1 27.8 27.6 27.0
 Commercial broilers (per pound)
~ .0 26.0 28.0 33.0 . . 5. . 39.0 34.0 31.0 34.0 33.0
QJ 35.0 38.5 41.5 41.0 42.5 39.0 39.0 38.5 33.5 33.5 36.0 38.3
* .8 28.5 32.2 32.1 29.7 28.5 28.8 30.6 29.7 29.1 30.9 27.3 30.0
'.0 29.0 31.0 . 31.0 30.5 27.0 30.0 33.0 32.0 27.5 25.0 24.0 28.7
_ .4 29.2 34.3 30.8 28.0 30.4 30.2 31.7 31.7 27.5 26.5 28.0 30.0
f 5 30.0 27.9 25.5 27.3 27.0 32.0 30.9 32.5 31.5 31.7 31.1 28.9
* Farm chickens (per pound)
22.0 24.0 24.5 25.0 23.5 23.5 23.5 25.5 25.0 23.5 23.0 23.8
22.0 23.5 24.0 24.0 25.5 25.5 25.0 25.0 26.0 26.0 27.0 25.1
28.0 27.5 29.0 28.5 28.0 24.5 23.5 24.0 24.0 26.0 26.0 26.3
21.5 22.0 22.0 20.0 22.0 24.0 24.0 21.0 21.0 21.0 20.5 21.8
22.0 24.5 26.0 25.0 23.5 22.5 22.0 23.0 23.0 23.5 23.0 23.2
22.2 21.7 21.0 20.0 19.5 20.0 20.5 20.5 21.0 20.5 21.0 20.6
Turkeys (per pound)
25 0 25.1 25.9 23.5 22.5 22.5 22.9 25.5 30.0 30.5 35.5 31.5
30.2 30.4 30.5 29.5 30.0 30.8 31.7 34.0 37.9 40.6 46.0 40.0
37.2 36.0 34.5 30.0 25.6 24.7 25.4 27.4 29.7 29.8 31.8 30.2
25.0 25.0 23.7 21.5 21.8 21.8 23.6 29.0 29.5 31.0 31.5 29.5
27.5 27.8 27.6 28.3 27.7 27.6 27.7 30.8 32.9 35.0 36.8 33.3
31.0 31.0 29.0 26.0 25.5 25.5 26.5 30.0 30.0 31.0 32.6 30.6
Eggs (per dozen)
36.0 36.5 38.0 36.8 37.1 38.8 41.3 47.7 53.6 55.0 64.0 41.3
43.6 38.9 38.9 36.3 37.5 39.5 41.0 47.1 51.2 55.0 60.0 42.9
43.7 38.2 39.2 39.2 38.4 38.9 42.0 47.4 53.0 52.5 46.0 42.5
27.4 28.0 26.9 26.2 26.2 29.5 35.0 39.0 41.3 45.4 65.5 32.6
40.5 37.7 38.5 39.9 37.9 40.3 44.2 54.2 55.7 56.7 58.8 44.2
31.6 30.2 31.0 31.0 30.7 36.9 45.7 51.1 51.8 53.2 56.7 38.9

 

1 - annual average.

_25__

Table 22. Wool: Average prices (cents per pound) received by farmers, T‘
by months, 1947-52
Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dee.
1947 41 4o 4o 41 4a 44 4s 42 42 42 42 42
194s 42 43 45 45 51 so 5s 5o 5o 47 4s 52
1949 5s ss s5 s1 59 5s 55 5s 54 52 51 54
1950 55 57 57 5s s2 s5 s5 ss 7s 79 s3 ss
1951 10s 11a 125 117 109 104 s1 7 71 70 7o 7o
1952 s7 s9 59 55 59 59 59 5s 5s 5s 57 57

lWeighted annual average.

Table 23. Miscellaneous:

Average prices received by

farmers, Texas, by

1947-52
Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Des.
Rye (dollars per bushel) 
1947 1.70 1.70 2.20 1.80 1.80 1.80 1.85 1.95 2.40 2.40 2.40 2.
1948 2.40 1.90 1.90 1.90 2.00 1.80 1.75 1.50 1.55 1.60 1.65 1.
1949 1.50 1.25 1.25 1.25 1.15 .90 .95 1.00 1.15 1.20 1.20 1.
1950 1.15 1.15 1.10 1.10 1.10 1.05 1.10 1.15 1.20 1.20 1.25 1.2
1951 1.35 1.35 1.35 1.35 1.35 1.40 1.45 1.50 1.55 1.60 1.60 1.
1952 1.80 1.75 1.75 1.75 1.70 1.75 1.75 1.75 1.80 1.85 1.80 1.7
Cowpeas (dollars per bushel) 1
1947 3.50 3.30 3.50 4.00 4.50 5.00 5.15 5.15 4.70 5.00 5.00 4.
1948 4.30 4.10 3.65 5.70 5.20 5.10 5.40 4.80 4.45 3.90 4.30 4.3
1949 4.30 4.15 3.95 4.15 4.25 4.30 3.45 3.10 2.80 3.00 2.90 2.9
1950 3.05 3.00 3.25 3.50 3.50 3.90 3.90 3.40 3.00 3.15 3.50 3.
1951 3.70 3.95 4.00 4.50 4.60 4.60 4.00 3.55 3.40 3.70 3.70 3.
1952 3.50 3.50 3.50 3.50 4.20 4.35 4.40 4.00 4.00 ______ "3 _ . . . . . . . . . . . ..
Flaxseed (dollars per bushel) g
1947 6.70 6.50 7.50 7.20 5.70 5.70 5.60 5.60 5.70 5.70 5.70 5.
1948 5.90 5.90 5.70 5.70 5.70 5.70 5.70 5.65 5.65 5.65 5.70 5.7,
1949 5.70 5.70 5.70 3.55 3.45 3.40 3.40 3.40 3.40 3.25 3.30 3
1950 3.30 3.30 3.30 2.90 2.95 3.00 3.00 3.10 3.10 2.90 3.15 3.
1951 3.90 4.10 4.20 4.30 4.10 3.60 3.00 2.90 3.10 3.60 3.80 4.1
1952 4.10 4.10 4.05 3.40 3.40 3.40 3.40 3.40 3.40 3.40 3.40 3.4
Alfalfa seed (dollars per 100 pounds)
1947 35.00 35.00 35.00 35.80 35.20 35.20 35.20 28.30 20.00 21.00 21.00 22.
1948 21.30 21.00 20.00 20.00 20.00 20.00 20.00 23.30 33.30 35.00 35.00 35.
1949 35.80 37.50 35.80 37.50 37.50 33.70 35.00 35.00 29.20 29.20 29.20 29.
1950 30.00 31.70 33.30 35.00 38.30 35.30 36.70 32.50 27.00 26.00 27.00 28.
1951 30.00 31.70 31.70 32.00 32.30 32.80 32.00 38.30 36.50 37.80 38.50 40.3
1952 40.30 37.70 36.70 37.20 36.20 36.70 37.00 33.00 29.00 26.50 26.50 26.
Alfalfa hay (baled) (dollars per ton)
1947 34.80 35.20 35.20 35.90 31.00 25.10 24.20 25.50 28.00 32.00 35.50 35.
1948 38.50 39.50 40.00 40.00 36.10 32.40 30.30 30.00 30.60 31.50 34.50 35. I
1949 35.50 35.50 34.30 31.50 27.20 21.60 21.10 21.60 23.00 24.20 25.50 27.
1950 29.50 27.70 26.70 26.70 26.30 22.40 22.50 23.00 24.00 24.90 27.70 30.
1951 35.10 40.00 42.00 41.20 41.00 31.00 30.50 35.50 40.00 43.50 46.50 48.
1952 54.00 52.90 50.00 46.80 41.60 35.80 35.50 40.00 44.60 45.80 48.00 49.
Milk cows (dollars per head) A
1947 99 103 106 107 109 111 112 113 115 118 118 123‘
1948 127 124 125 130 135 140 140 145 145 147 145 149.
1949 154 149 154 155 155 150 150 150 150 155 155 155p‘
1950 155 160 165 160 165 170 175 180 185 190 190 19
1951 205 210 220 217 215 215 205 205 205 210 210 203‘
1952 210 210 215 215 215 215 200 190 190 170 170 164

lweighted crop season average-crop marketing season begins in June.
‘Weighted crop season average—crop marketing season begins in September.
“Price not quoted after September 1952.
‘Weighted crop season average-crop marketing season begins in May.

‘Weighted crop season average—crop marketing season begins in August.

__'>7_

u

   
  

V 24. Pecans: Season average prices (cents per pound) received by growers,
' by types, Texas, 1947-52‘

, Pecans, improved Pecans, wild or
1991' Pecans’ a“ varieties seedling type
21.4 35.0 19.0
.... .. 11.3 21.0 10.0
18.4 27.0 17.0
27.4 36.5 26.0
22.5 34.5 20.0
‘ 20.3 28.5 19.0
, all types of utilization and methods of sale.
 t ~ inary.

r‘ -

l‘ 25. Mohair: Annual average prices (cents per pound) received by farmers,
Texas, 1947-52

Year Price

 

~ inary

5- 26. Food grains: Index numbers of prices received by farmers, Texas, by
months, 1947-52 (August 1909-July 1914 = 100)

I
Aug. Sept. Oct. Nov.

 

III‘ May I‘ June I’ July Dem‘! Ave}

 

Feb. ll Mar.

       

218 225 262 256 254 217 233 24S 259 283 301 312 256
318 272 271 277 276 269 266 220 215 229 242 246 259
243 235 231 230 226 208 212 199 205 208 212 215 219
217 222 220 220 219 212 219 222 224 232 238 238 223
 249 260 254 251 248 247 240 228 216 236 243 244 243
' 249 245 245 246 246 236 235 238 242 250 259 263 246

A ed from calendar year average prices.

I 27. Feed crops and hay: Index numbers of prices received by farmers,
' Texas, by months, 1947-52 (August 1909-July 1914 = 100)

   
     
  

4

i .
 ha. July E Aug. Sept. Oct. Nov. Dec. Ave.‘
v |

L; 184 188 208 215 213 209 220 231 254 249 257 280 226
J 293 245 276 284 284 268 238 204 191 185 190 197 238
_ 199 186 191 186 180 163 159 152 140 143 146 152 166
' 158 159 159 163 167 163 159 160 152 153 163 180 162
j 199 210 210 213 215 208 201 198 202 212 229 242 211
1 248 247 242 239 233 226 224 230 237 234 231 235 235

 ed from calendar year average prices.

Feb. Mar. June

     

April  May

     

a

 28. Cotton lint (American Upland): Index numbers of prices received b3
‘ farmers, Texas, by months, 1947-52 (August 1909-July 1914 = 100)

Mar. April May June July Aug. Sept. Oct. Nov. Dee. Ave}

 

flan. Feb.

   

v 240 247 268 264 276 282 298 271 250 246 253 273 264
 262 236 245 276 279 274 264 248 245 245 244 239 255
 237 240 240 244 248 247 245 240 236 226 221 211 236
 215 221 231 233 235 244 271 306 326 310 333 223 271
’ 1331 335 338 344 345 339 317 385 271 288 332 317 320
' 295 289 289 300 294 304 297 310 309 286 263 240 289

I. ed from calendar year average prices.

__.28.__

  

Table 29. Oil-bearing crops: Index "numbers of prices received by f '
Texas, by months, 1947-52 (August 1909-July 1914 = 100) ’

Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov.

1947 444 435 436 438 397 387 358 346 347 410 410
1948 432 402 394 407 421 425 433 362 321 312 341
1949 337 298 282 257 240 215 188 214 208 199 207
1950 213 216 213 221 225 229 249 347 388 407 459
1951 467 467 471 475 471 429 358 329 311 336 348
1952 342 339 335 333 320 325 325 336 337 340 336

lDerived from calendar year average prices.

Table 30. Fruit: Index numbers of prices received by farmers,
months, 1947-52 (August 1909-July 1914 = 100)

Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov.

1947 56 66 83 83 77 80 80 80 80 143 89
1948 37 48 45 37 44 55 75 75 75 132 52
1949 73 32 25 25 25 25 25 25 25 137 134
1950 141 177 175 162 162 162 162 162 162 168 138
1951 61 41 41 41 41 41 41 41 41 41 41
1952 240 240 240 240 240 240 240 240 240 243 203

lDerived from calendar year average prices.

Table 31. Potatoes and sweetpotatoes: Index numbers of prices
farmers, Texas, by months, 1947-52 (August 1909-July

Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov.

1947 179 185 218 216 210 200 217 217 219 180 154
1948 191 208 227 240 237 192 230 231 212 189 186
1949 226 238 248 248 231 205 212 189 188 159 153
1950 179 182 178 ' 174 170 165 172 164 140 117 117
1951 165 179 182 201 189 170 183 199 215 227 238
1952 301 297 297 316 341 339 329 375 320 303 289

lDerived from calendar year average prices.

Table 32. Truck crops: Index numbers of prices received by farmers, Tel
months, 1947-52 (August 1909-July 1914 = 100) 1

May i June July

i

1947 250 270 305 371 303 262 206 313 262 264 470 326 A
1948 231 266 446 434 371 352 344 371 353 354 351 334

1949 388 382 353 278 300 283 252 268 275 360 336 2701
1950 283 307 228 229 304 376 316 309 289 319 355 381 '
1951 422 412 440 409 454 403 356 392 405 476 491 521 
1952 414 423 478 430 403 472 472 438 484 505 451 428 7'

Year Jan. Feb. Mar. April Oct. Nov. Dec;

           

Aug. Sept.

lDerived from calendar year average prices.

_29._

 

ble 33. Meat animals: Index numbers of prices received by farmers, Texas,
Y by months, 1947-52 (August 1909-July 1914 = 100)

Jan. Feb. Mar. April

I I I
May P June  July Aug. Sept. Oct. Nov. Dec. Ave.1

 

315 326 350 354 351 367 369 363 362 359 353 374 354
416 387 429 441 437 421 468 438 443 395 385 389 421
411 387 425 426 410 384 371 366 370 368 367 370 388
392 413 420 423 438 450 468 477 487 476 475 489 451
533 578 592 600 566 559 516 531 552 531 493 494 545
497 536 517 522 512 482 457 422 383 323 336 323 442

   

 

i Derived from calendar year average prices.

i le 34. Dairy products: Index numbers of prices received by farmers, Texas,
7 by months, 1947-52 (August 1909-July 1914 = 100)

I
Jan. Feb. Mar. April May June July Aug. Sept.‘ Oct. Nov. Dec. Ave}

264 250 253 244 235 231 236 242 257 259 278 291 253
\ ~: 288 279 271 270 - 270 272 274 273 278 276 277 274 275
 271 261 249 244 240 236 236 242 249 255 257 257 250
I" 254 248 238 226 222 220 227 236 242 249 254 260 240
270 272 266 263 261 260 261 266 278 284 289 293 272
294 292 287 278 275 271 276 280 290 302 301 299 287

‘f’! rived from calendar year average prices.

    

 le 35. Poultry products: Index numbers of prices received by farmers, Texas,
 by months, 1947-52 (August 1909-July 1914 = 100)

I
Feb. I Mar.

 
 

I
Jan. April Oct. Nov. Dec. Ave}

     

I I
May June July ‘Aug. I Sept.

   

Y 257 221 227 237 228 224 231 243 278 306 309 354 260
I"l 293 268 255 256 240 247 254 262 292 313 332 363 281
I 301 281 260 262 253 239 237 251 276 303 303 278 270
210 192 197 189 180 179 195 222 246 252 270 349 223
F 269 250 247 245 248 241 250 267 313 318 325 338 276
iv 265 222 214 210 207 204 233 269 300 300 307 324 254

Iir rived from calendar year average prices.

fle 36. Wool: Index numbers of prices received by farmers, Texas, by
I months, 1947-52 (August 1909-July 1914 =_ 100)

' I
April May June i July IiAug. I Sept. ‘ Oct. Nov. Dec. Ave}

I
Jan. Feb. I Mar.

255 248 248 255 267 273 267 261 261 261 261 261 261
261 267 280 280 317 373 348 311 311 292 298 323 304
360 410 404 379 366 360 342 329 335 323 317 335 354
_ 342 354 354 360 385 404 404 410 453 491 516 547 416
Q 671 702 776 727 677 646 503 466 441 435 435 435 578
i 416 391 366 342 366 366 366 360 348 348 354 354 366

II rived from calendar year average prices.

__3()___

Table 37. All crops: Index numbers of prices received by farmers, Texas, 1

months, 1947-52 (August 1909-July 1914 = 100)

Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec.
1947 250 257 278 281 277 273 277 270 255 265 285 290
1948 276 253 274 294 292 287 280 258 249 251 252 248
1949 252 246 242 235 236 229 222 222 219 224 220 210
1950 214 222 221 223 231 242 256 288 303 298 321 317
1951 326 328 333 334 337 325 298 278 267 289 320 324
1952 301 297 301 303 296 307 302 310 313 302 282 266

lDerived from calendar year average prices.

Table 38. All livestock and livestock products: Index numbers of prices recei;
by farmers, Texas, by months, 1947-52 (August 1909-July 1914 = 1

AT

Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec.
1947 289 286 300 302 298 306 309 308 316 320 321 342
1948 354 333 353 359 358 356 380 362 371 347 345 354
1949 358 344 358 355 344 326 317 317 325 329 328 327
1950 328 336 338 337 345 352 365 377 392 392 397 422
1951 445 469 482 480 458 450 416 425 444 434 416 420
1952 408 419 404 402 398 380 373 361 346 317 325 321

lDerived from calendar year average prices.

Table 39. All farm products: Index numbers of prices received by farm‘

Texas, by months, 1947-52 (August 1909-July 1914 = 100)

 

 

 

 

 

Year Jan. Feb. Mar. Aprilx May June July ‘Aug. ll Sept. a Oct. Nov. Dee.
1 1
1947 267 269 287 290 286 287 291 287 282 288 301 312
1948 310 288 308 322 321 316 323 303 301 292 292 294
1949 298 289 292 287 283 271 263 263 265 269 266 260
1950 263 271 271 272 280 289 303 326 341 338 353 362
1951 377 389 397 397 389 379 349 341 343 351 361 365 3
1952 347 349 345 346 340 338 333 332 327 308 301 289 A

lDerived from calendar year average prices.

Table 40. Index numbers of prices paid by farmers for commodities, inter;

taxes, and wage rates, by months, United States, 1947-52, (1

14 = 100)
Year Jan. Feb. Mar. April May June July %Aug. Sept. Oct. Nov. Dec. A‘
1947 227 229 234 237 236 237 239 241 245 247 248 253
1948 261 257 257 260 261 262 262 260 259 257 257 256
1949 255 252 255 254 253 252 250 249 248 246 245 246
1950 248 248 250 250 253 254 256 257 260 261 263 265
1951 272 276 280 283 283 282 282 282 282 283 284 284
1952 287 288 288 289 289 287 286 287 285 282 281 280

_ 41.

___31_

Food grains: Relatives of prices received by farmers, Texas, by
months, 1947-52 (August 1909-July 1914: 100)

Jan. Feb. Mar. April May _ June July Aug. Sept. Oct. Nov. Dec.‘ Ave}

. Wheat

193 202 254 247 244 197 203 208 245 264 275 281 235

284 215 21s 227 220 204 "203 200 204 203 210 211 217

209 199 203 205 199 169 180 182 192 194 195 199 194

19s 201 207 209 207 195 200 203 203 203 20s 211 203
,( 215 223 21s 21s 216 219 216 217 21s 221 231 235 221
" 233 229 230 229 224 20s 205 213 221 219 224 225 222

Rice

277 280 232 277 277 266 302 344 293 327 362 336 306

39s 411 39s 398 411, 423 417 266 245 290 320 332 359

326 319 296 290 290 302 290 239 236 242 253 253 278

261 272 253 247 250 253 264 266 272 299 310 304 271
LY 332 348 342 332 326 315 299 255 212 272 272 266 298
I. 2ss 283 283 2ss 299 304 304 299 29s 326 342 353 305
Y’ ‘ved from calendar year average prices.
e 42. Feed crops and ‘hay: Relatives 0f prices received by farmers, Texas,

by months, 1947-52 (August 1909-July 1914 = 100)
_, / | |
l Jan. Feb. Mar. April May June  July Aug. Sept. i Oct. Nov. i Deai Ave}
Corn
w 1s5 1s7 205 214 214 219 246 252 267 256 265 2s9 233
» 301 256 285 2ss 290 2s6 269 225 194 1s3 1s3 192 246
f 193 1s0 1s7 1s2 1s0 175 171 157 132 134 13s 142 164
 147 151 151 157 166 169 165 162 14s 14s 156 176 159
ji 197 210 212 216 219 217 211 199 19s 20s 224 242 212
‘T 251 251 244 243 23s 23s 231 225 225 221 217 220 234
Oats

179 1s1 195 193 1s7 166 166 1s5 213 215 221 243 195

254 217 239 247 241 203 199 176 17s 179 1s7 1s7 209
* 191 174 176 16s 154 112 124 12s 13s 144 150 156 152

15s 15s 156 160 162 144 144 154 160 166 176 1s7 160

195 203 205 205 203 195 191 191 197 207 219 221 203

219 215 213 203 193 170 179 193 199 203 203 201 199

Barley

151 151 164 160 157 141 149 165 188 188 198 208 169

226 1s6 19s 212 20s 177 16s 145 137 13s 143 147 174
 150 143 14s 135 12s 101 104 111 121 120 123 123 125
p}, '121 121 123 125 126 122 122 128 138 135 140 146 129
: 156 162 159 157 151 150 144 150 156 156 162 16s 156
 169 162 164 164 162 146 156 164 171 174 16s 1s0 165
 Grain sorghum
i 202 217 25s 273 273 27s 26s 27s 324 319 324 359 2s1
: 374 273 334 359 364 344 238 197 207 207 222 228 279
4_ 22s 210 222 222 219 203 1s7 17s 169 169 169 1s2 196
9 192 190 196 19s 192 1s7 17s 177 167 159 17s 188 1s4
_- 210 214 209 212 220 214 202 202 207 215 241 253 216
Z 25s 25s 25s 263 26s 273 26s 2ss 303 293 283 2ss 275
' Hay, 511 (baled) ‘

159 161 169 172 159 134 134 146 161 171 179 182 160

200 207 21s 222 211 1s9 179 177 1s0 177 1s4 192 195
l 200 200 194 184 166 139 131 134 133 138 139 148 159
 154 149 144 145 146 136 132 132 134 140 153 176 145
Y 202 224 21s 224 223 1s4 175 204 230 244 262 276 222
~ 288 289 274 261 235 211 211 236 259 259 274 286 257

“ ved from calendar year average prices.

—32

 

 

Table 43. Oil-bearing crops: Relatives of prices received by farmers,
by months, 1947-52 (August 1909-July 1914 = 100)
Year Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec.
Cottonseed
1947 433 473 473 47s 429 42o 336 371 371 444 444 473
1943 469 434 425 439 454 459 469 336 337 327 361 361 
1949 356 312 293 264 244 215 133 215 207 19s 205 212 
1950 212 215 212 222 227 232 254 366 415 439 493 512
1951 50s 50s 512 517 512 464 331 347 327 356 371 366
1952 366 361 356 356 342 347 347 _ 351 351 356 351 34,7
Peanuts

1947 173 173 13o 193 200 193 193 195 204 204 203 212 '
194s 210 206 210 210 221 221 221 223 223 219 217 219
1949 221 210 219 217 215 215 219 210 210 210 219 217
1950 215 221 215 215 215 215 221 236 232 217 223 223
1951 225 221 221 223 223 223 223 225 212 217 212 202
1952 200 206 204 193 193 193 193 247 251 240 242 245

lDei-ived from calendar year average prices.

 

 

 

 

 

 

 

 

 

Table 44. Fruit: Relatives of prices received by farmers, Texas, by
1947-52 (August 1909-July 1914 = 100)
I I I _ I I I I I I I "'3
Year i Jan. Feb. I Mar. I Aprll t May I June l July ‘ Aug.i Sept. N Oct. Nov.
Oranges
1947 60 103 129 142 142 .............................. .. 113 96
194s 51 94 110 104 93 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 117 49
1949 122 49 29 .............................................. .. 124 124 5
1950 104 179 163 172 ...................................... .. 112 100
1951 47 43 .............................................................. .. 
1952 165 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . . . . . . . .. 163 125
1947 55 5s 72 6s .............. .. 150 s7 »
1943 34 37 29 22 ...... .. 135 52 "
1949 62 23 24 . . . . . . . . . . . . . . .. 141 137
1950 149 177 173 160 ...... .. 132 147
1951 65 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
1952 253 .............................................................. .. 262 222
Table 45. Potatoes and sweetpotatoes: Relatives of prices received by f 
Texas, by months, 1947-52 (August 1909-July 1914 = 100)
, _ |
Year Jan. Feb. Mar. Aprll r May June July Aug. Sept. Oct. Nov. Dec.
Potatoes 
1947 133 133 212 199 131 102 142 111 115 111 111 159;
1943 159 159 212 243 199 155 137 124 123 146 146 136,
1949 136 136 20s 173 150 150 123 12s 142 142 142 159 i
1950 159 159 155 159 115 111 146 124 33 3s 33 159 
1951 159 159 159 230 177 133 163 133 146 146 146 199
1952 292 265 265 243 235 279 217 199 199 199 199 199;
Sweetpotatoes 
1947 204 212 221 226 226 252 257 274 274 217 177 136i
1943 203 235 235 239 257 212 279 233 257 212 203 212»
1949 243 265 270 233 274 235 257 221 212 163 159 16s _
1950 190 195 190 131 199 195 136 136 163 133 133 155;
1951 163 19o 195 136 195 190 190 235 252 27o 233 306;
1952 305 314 314 354 393 372 339 469 335 353 336 376i

lDerived from calendar year average prices.

_33_

Truck crops: Relatives of prices received by farmers, Texas, by
months, 1947-52 (August 1909-July 1914 = 100)

   

Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec.
|
Cabbage
170 161 128 131 . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . .. 630 327

107 212 402 202 . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . .. 242 157 85

140 215 161 242 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 255 282 136

_ 82 77 115 129 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 202 217 349

812 726 525 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ._ 726 872

171 100 171 202 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 525 311 140
K Carrots I
391 365 365 339 365 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2344 547

417 417 547 521 521 . . . . . . . . . . . . . . . . . . . . . . . . . .; . . . . . . . . . . . .. 469

391 365 365 417 432 . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . _. 625 365

365 365 365 391 365 . . . . . . . . . . . . . . . . l . . . . . . . . . . . . . .. 651 599

677 469 521 521 469 . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . .. 651 625

260 312 339 391 391 391 . . . . . . . . . . . . . . . . . . . . . . .. 599 .573

Onions
...... .. 479 309 257 309 213 532    
...... .. 1064 702 521 585 660 702 638   
...... .. 585 330 302 400 383 362 372   
...... .. 170 223 279 V 387 362 351 266   
...... .. 585 542 600 383 351 383    
...... .. 830 830 628 432 500 521    
Green peppers
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . , . . . . . . . . . . . . . . .. 281 281 255
. . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . .. 236 326 402
. . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 147 192 147
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    243 268 326
.............        326 1047 1111
. . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . _ . _ . . .. 287 460 447
Spinach

340 382 312 . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . . . . . .. 439 439

354 241 227 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 382 382

496 340 340 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 397 397

666 482 425 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 467 708

623 425 453 _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 609 495

467 467 425 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 567 609

Tomatoes
. . . . . . . . . . . . . . .. 557 291 214 143   252 448 295
. . . . . . . . . . . . . . .. 405 283 251 186   219 210 181
.............. .. 229 206 171 114   424 333 219
...... .. 186 167 174 395 252   300 400 319
. . . . . . . . . . . . . . . . . . . . . . ._ 227 186 124   410 371 410
...... .. 419 267 194 497 490   405 271 252
Watermelons

. . . . . . . . . . . . . . . . . . . . . . .. 857 343 190 160 286   

. . . . . . . . . . . . . . . . . . . . . . .. 700 371 339 244 200   

. . . . . . . . . . . . . . . . . . . . . . .. 476 288 171 110 190   

. . . . . . . . . . . . . . . . . . . . . . .. 714 366 248 214 214   

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 524 190 257 257   

. . . . . . . . . . . . . . . . . . . . . . .. 619 500 295 276 276   

_34_

Table 47. Meat animals: Relatives of prices received by farmers, Tex/

months, 1947-52 (August 1909-July 1914 = 100)

I I l
Year I Jan. Feb. Mar. April May June | July Aug.
I . i

Sept. Oct. Nov. Dee:

Hogs

1947 302 320 352 343 331 337 340 361 386 393 352 362 d.

1948 370 311 317 308 309 340 383 386 386 343 323 308
1949 289 271 287 264 258 287 290 302 296 267 238 220
1950 223 238 235 229 258 271 326 326 326 284 276 264
1951 290 314 308 298 293 299 306 315 299 298 271 265

1952 261 257 254 243 279 292 292 312 284 277 255 242 "

Beef cattle

1947 333 345 368 374 370 3S8 390 377 365 365 365 388 l

1948 445 416 475 493 477 447 502 463 473 425 411 420
1949 452 422 470 470 452 411 397 388 400 402 402 411

1950 436 461 466 470 484 498 511 518 532 523 523 541 ‘l
1951 589 637 651 669 628 616 566 582 614 582 539 543 -.
1952 548 607 582 589 578 530 505 459 / 416 342 365 354 .

Calves
1947 293 308 327 336 346 359 364 364 374 355 353 383

1948 413 394 424 439 449 436 479 439 449 374 385 393 -

1949 411 393 428 428 411 393 370 374 355 359 374 366

1950 402 421 434 441 458 471 480 499 505 484 484 514 -‘

1951 557 604 624 641 604 598 542 561 579 570 542 542

1952 559 578 561 570 533 529 495 449 402 327 355 318 I

1947 200 198 221 226 226 226 233 231 233 221 231 221 I
1948 233 233 233 233 280 273 261 261 240 231 226 214 *

1949 233 228 228 256 256 252 252 240 228 240 221 238

1950 ' 245 266 291 287 294 294 289 301 310 357 350 357 ~
1951 378 431 480 434 417 422 378 385 385 394 361 357 .
1952 322 322 322 333 312 294 249 226 228 184 168 189 '

1947 285 281 301 301 300 331 322 322 331 318 322 333 3

1948 360 350 346 346 393 399 431 412 397 380 376 375
1949 388 384 404 463 442 412 367 352 365 373 391 393

1950 399 406 419 419 423 423 433 459 468 494 496 502 i’

1951 554 609 635 584 ‘ 551 551 511 524 534 522 587 483

1952 478 463 448 453 440 419 371 361 335 311 288 292 

lDerived from calendar year average prices.

Table 48. Dairy products: Relatives of prices received by farmers, Tex

months, 1947-52 (August 1909-July 1914 = 100)

l
Year t Jan. Feb. ‘ Mar. April May June July Aug. Sept. Oct. Nov. Dec.

Nlilk (wholesale)
1947 273 261 252 241 239 234 234
1948 294 282 273 266 266 266 273 278 289 300 303 298

239 248 259 289 298 

1949 294 280 259 250 243 241 241 255 266 275 278 275 7'

1950 271 264 243 220 218 216 225 241 252 264 268 278

1951 284 284 275 271 266 268 268 280 298 310 321 321 .

1952 317 312 305 291 287 280

Milk (retail)
1947 220 218 218 218 217 216 221
1948 245 242 237 237 237 244 240 240 . 252 252 253 249
1949 249 245 242 239 238 237 237 237 237 237 238 240

291 296 312 337 335 335 '
221 223 228 244 245 '

1950 242 237 234 228 226 226 233 240 244 244 247 252 w
1951 254 256 253 253 253 250 252 258 264 267 267 270 ‘

1952 266 267 267 266 265 265 265 271 280 280 280 276
Butterfat

1947 289 255 285 268 238 234 247 264 305 285 289 322 
1948 318 310 297 305 310 305 305 293 280 251 251 251 ~

1949 247 238 230 226 226 218 218 218 226 230 234 234
1950 230 226 226 226 218 213 213 213 213 222 230 230
1951 255 264 259 255 255 251 251 247 251 251 251 264 '
1952 280 280 272 264 259 255 255 255 259 259 259 255 "-

1947 317 303 308 303 281 281 285 290 312 312 321 344 _
1948 335 321 317 317 312 317 317 312 312 308 308 308.
1949 299 290 290 290 381 271 271 276 276 281 281 281

1950 276 271 271 271 267 267 267 271 271 271 276 285A
1951 290 290 290 285 290 285 285 285 290 290 294 299 ‘
1952 299 299 299 294 ...... "2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .

1Derived from calendar year average prices.‘ W K zDisggxitinu-efl-

___35__

_le 49. Poultry products: Relatives of prices received by farmers, Texas, by
‘ months, 1947-52 (August 1909-July 1914 = 100)

Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec. Ave}

     

All chickens
260 246 270 289 287 267 268 279 312 285 260 260 273
296 296 331 340 313 325 304 310 318 302 292 306 311
313 296 319 319 304 ~295 276 282 283 282 296 279 295
239 281 296 291 272 261 285 296 286 255 243 235 270
283 291 343 310 285 298 291 301 310 272 267 274 294
303 298 282 255 267 261 295 289 311 294 291 289 286
Turkeys
334 288 289 298 271 259 259 264 294 346 351 409 305
372 248 350 351 340' 346 355 365 392 437 468 530 388
462 429 415 397 346 295 285 293 316 342 343 366 357
317 288 288 273 248 251 251 272 334 340 357 363 298
319 317 320 318 326 319 318 319 355 379 403 424 343
380 357 357 334 300 294 294 305 346 346 357 376 338
Eggs
240 202 205 213 207 208 218 232 268 301 309 360 247
275 245 219 219 204 211 222 230 265 288 309 337 252
262 246 215 220 220 216 219 236 266 298 295 258 246
181 154 157 151 147 147 166 197 219 232 255 368 198
255 228 212 216 224 213 226 248 304 313 319 330 257
232 178 170 174 174 172 207 257 287 291 299 319 230

‘ved from calendar year average prices.