Farm cash receipts, which include crop and livestock revenues plus program payments, fell 0.2% to $44.4 billion in 2010, the second consecutive annual decline. Market receipts, which include only revenue from the sale of crops and livestock, increased 0.1% to $41.3 billion. A rise in livestock receipts barely offset declining crop receipts.
Livestock receipts increased 4.5% to $18.9 billion in the wake of higher hog and cattle prices. Hog receipts rose 15.4% on the strength of a 19.1% increase in prices. The average annual price in 2010 was $56.30 per hundredweight, the highest since 2005. Cattle and calf receipts rose 5.0%, again on price increases.