—Lancaster Farming, Saturday, November 28,197 Q 18 Factors Include Big Pork Increase and Slow General Economy Livestock Prices Under Pressure The overall livestock situa tion m the U S and m Penn sylvania has been changing rapidly in recent months. Poik, broiler and turkey sup plies are up, significantly in creasing the overall meat sup ply and bringing livestock prices under downward pres suie The situation has been com plicated by the relatively small corn crop nationally But Penn sylvania has a near-record corn crop What does all this mean for the livestock industry’ H Louis Mooie, Penn State marketing specialist, presents the follow ing report on the November livestock situation in coopera tion with Max Smith, Lancaster County agricultural agent- Hog Marketings Up In recent weeks hog mar ketings have been substantially above year-earlier levels and puces have fallen below the $2O level The 15-per cent increase in the September 1 inventory of pigs under 60 pounds, as well as an estimate of a 14-per cent in crease in the June-August pig ciop, indicates'that marketings will increase fuithei Late Fall and Winlei mai ketings will piobably be 12 to 15 pei cent above" year-eai liei levels With this the case puces are likely to weaken fiom cue lent levels •_ A year ago the hog-corr, ratio was at 22 2 It now stands at only 13 6 The latio will likely fall moie as hog puces weaken and com prices use With the shaip decline in hog profitability and the prospect for higher corn prices, hog pro ducers may make some down waid adjustment in their late Winter and Spung fmoiwmg plans. Demand for pork lias been good during lecent months, though not up to the unusually high levels of last Fall There has been shaip competition fiom beef, turkeys, and hi oil ers The continued slowness in the genei al economy, higher un employment. and the nipplmg automobile stnke isn’t Helping any Cattle Markets Under Pressuie Inci eases in pork, broilei, and turkey supplies and slight inci eases in beef supplies have kept the cattle maiket under downward piessuie Slaughter weights aie above yeai earner levels Fed cattle puces aie onlv about $1 per hundiedwexght above yeai-ago levels Feed'll cattle puces aie about $l5O above a yeai ago, so it is expect ed that maigins will i amain negative thiough the fah and v\ intei Although conti deling foi feedei cattle in the West has slowed, theie is a laigei supply of feedei cattle this Fall Rising pioduction costs and the uncei tainty of coin puces Lave many feedei s lelucunt to fih their lots, especially m aieas Reaches Fleas - Ticks Rats or Mice where feed supplies may not be as plentiful as in past years. On October 1, as compared with a year ago, there were three per cent more cattle in feedlots in the 22 major feeding states During the July-Septem ber period placements on feed were up seven per cent frem 1969 Pennsylvania feeders are har vesting a corn crop only one per cent below the record crop of 1967 and are adding cattle to lots at a rate well ahead of the national rate. In the July- September period, Common wealth producers placed 24 per cent more cattle on feed and on October 1 had 53,000 head on Join our Christmas Club. We’ll show you a real good time. feed. This is a 10 per cenl in crease over 1969 UllVUivt MW Fed-cattle marketings in the HifftVnitv in mnvinsr this small below year-earlier levels It is near current therefore possible .hot lamb above itst year - JS Tas! Prices, even though large rn- Pr.ce, may strengthen some in year’s marketings were 10 pet creases in pork supplies are the weeks ahead, but prices will cent above those of 1968 forecast for the months ahead, continue to stay below year- With higher feed prices it is Lamb Prices Down earlier'levels for the rest of the expected that cattie will be Lamb prices have been run- The l ar S e supplies of marketed at lighter weights ning under year-earlier levels other red meats and poultry during the Winter since last Winter. The slaughter W 1“ tend to limit any signifi- Even though fed-cattle mai- number has been down slightly, cant price rise. ■ ketings may increase three to hut weights have been up so It was believed early in 1970 five per cent next yeai total that production actually has 1970 would be the year beef production may be up only been about the same as a year when the sheep inventory would +„ Tn _ n,* ago Lamb prices have been stabilize or increase, but it now o to three pei c nt as the held down because of the huger appears that producers are mak trend to fewer non-red cattle oU tp U t 0 f beef, pork, turkeys, ing little effort to maintain the and broilers size of their flocks. continues, Lititz - Manheim Township - Millersville - Rohrerstown Lancaster - Centerville - Lancaster East - Landisville If consumer demand remains By mid-October, lamb slaugh strong, there should be little ter had dropped, as expected. s Club and we’ll show you a 30-hour Travel Alarm Clock. nally-famous, fully guaranteed 'orth much more, but you can have it for only $3.50 when you join the club.. Alarm a friend with it Or play Scrooge and keep it. But play smart and get it. imiiton Watch Company weak Bank Membei FDIC
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