Penn State Economist Reviews Swine and Cattle Market
(Continued from Page 18) in 1959 but had risen to 56 per •were mostly of a lower grade pi ejected the impoits will con
. , iK cent m 1969- quality for processed meats An tinue high in 1971.
grade there has also been a while imported beef totaled adequate supply of meat lor Local Corn Crop
stoaoy movement toward higher j g m jh on pounds m 1969 and processing is almost impossible Moore noted that despite the
quality animals. Choice grade -was a significant factor in the to get from U S beef produc- national corn blight situation m
accounted for only 37 per cent U S beef picture, the imports tion, according to Mooie He which there were pooicr corn
AGWAY PRE-ENGINEIRED BUILDINGS
FOR A6RI-BUSINFSS mi COMMBKUI USES
An Agway building to match your individual requirements
Farm equipment represents a growing investment,
Keeping it in “ready-to-go” condition calls for the
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way has the layout and size to match your equipment
storage requirement
you the accessibility you want.
The tested construction techniques Agway has perfect-
ed for farm buildings are also an economical way to
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Send coupon for more information on
buildings
I would like more information on:
□ Dairy buildings ;
□ Poultry buildings
□ Horse buildings, j
□ Equipment storage buildings <
□ Crop storage buildings 1 ■
□ General-purpose buildings
□ Commercial buildings
Q Garages
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and the door design to give
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The first criteria of the Agway building is meeting your
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Name
Address
County
Send to:
AGWAY, INC.
Lancaster Supply Center .
1027 Dillerville Road Lancaster, Pa. 17603 |
or Call 717-397-4761 |
Ask for Fred Kerlin or Harold Kinsey
Farm Systems Salesman |
Lancaster Farming, Saturday, February 20,1971 —
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Post Office
Zip
State
crops in many areas, Pennsyl
vania had an excellent and near
recoid ciop. This is reflected m
the fact that locally corn prices
aie up about 16 per cent but
prices nationally aie up 30 per
cent.
Asked about the Mine of veal
pioduction, locally, Moore said
he sees no pioblem with the
market, but said that producers
must “solve health pioblems”
In explaining the beef and
pork futuies market, Mooie
said it is designed to accom
modate two types of people, the
hedger and the speculator
The hedger is generally a
farmer with steers oi swine who
wants to protect himself against
a possible diop m the market
by the time he sells By hedg
ing, he guarantees himself a
fixed return megardless of
whether the maiket goes up or
down.
Student □
Many local fanners still are
feeding corn “off the bain floor
and haven’t even worked their
way into the stmage bins yet,”
Moore noted This has resulted
in high levels of animals produc
tion locally
His Projections
In reviewing his pievioas
year's cattle piopeetions Moore
noted that his prediction was
fauly close He had projected
that 1970 would be a good year
but not as good as 1969
There weie some times last
year when theie was more beef
than consumers were willing to
buy, Moore noted He also said
theie is going to be a lot of
meat in 1971.
Market Futures
The speculator can also buy
futures He is usually an out
sider such as a doctor or lawyer
who buys with the expectation
of a quick profit
sustain top
production
with the
BABCOCK
B-300
Keeping production up...costs
down...is the profit key in poultry
operations. And more and mors
records on commercial flocks of
Babcock B-300’s...“The Busi
nessman’s Bird”...showsus
tamed production of top qualify
eggs...often with an additional
20 to 30 eggs per bird housed
over other strains. Come in...
lookat the records and the B-300
...“The Businessman’s Bird".
ibabcocm
“ mr-
BABCOCK
FARMS, INC.
P. 0. Box 285
Lititz, Pennsylvania 17543
Telephone (717) 626-8561
23