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Show UTAH FARM PRICES BETTER JFOR JULY The index of farm prices paid producers pro-ducers in Utah for July averaged 89 percent of the 1910-1914 average, compared to an index of 77 in June, and 59 in February, when the lowest point was reached since 1910. From February to July, farm prices have increased in Utah 37 percent, the greatest increase having taken place since April 17, when the United States went off the gold standard. In January 1929 the index of Utah farm prices averaged 155, while in February of this year the index stood at 59. During this period of rising farm prices, there has been wide variation and changes in prices paid for different dif-ferent commodities. The percentage percentage increase from April ranged rang-ed from 100 percent for wool, to 3 percent for chickens. The commodities commod-ities showing the greatest increases are potatoes, wheat, and wool. Beef cattle prices have increased only 11 percent, while prices paid for lambs showed a 29 percent improvement. For this period, prices paid for livestock live-stock and livestock products increased increas-ed 32 percent, while prices paid for croos increased 24 percent. However, from June to July prices paid for crops increased more than did livestock live-stock prices. Present market prices indicate that the general level of prices received by producers will be lower in August than they were in July. Prices of eggs, butter, hogs and some other farm products are lower than they were a month ago. There was a change in the United States retail price index of goods purchased by farmers from 103 in June to 105 in July, compared to an increase in Utah form price index from 77 in June to 81 in July. Farm prices increased more than did retail prices, changing the purchasing power of the Utah farm dollar from 75 cent., in June to 77 cents in July. There is, however, still a disparity between farm prices and retail prices of the good farmers buy of 23 cents. |