New Holland Dairy Cattle Wednesday, December 22 Reported receipts of 176 head of cattle, 15 heifers, 4 bulls; market steady with last weeks market. Load Canadian and Franklin County cows, fresh, 430-605; springers, 470 - 630. Load Canadian and New York State cows, fresh, 470 - 630; springers, 450 - 700; one three year-old Purebred Kennedy daughter, fresh, 1,325. Load Vermont cows, fresh, 475 - 520. Load Wisconsin cows, fresh, 600 - 650. Herd dispersal, Delaware, all stages of production, 275 - 500. Herd dispersal, West Virginia, all stages of production, 240 - 510. Local cows, 365 - 590. Springing heifers, 265 - 485. Bulls, 220 - 415. Lebanon Valley Auction Market report not available at time of publication. (I. S. Inspected Livestock Slaughter For the week ending Thursday, December 23 Week to date Same period last week Same period last year Estimated daily livestock slaughter under Federal Inspection, Omaha Cattle Wednesday, December 22 Compared with last weeks close, slaughter steers and heifers 50 -75 c higher under generally broad demand. Cows 25 -50 c lower. Bulls fully steady. Meager feeder supply steady. Average cost slaughter steers first two days 34.32 average weight 1,115 pounds as compared 33.28 and 1,093 pounds previous week and 26.91 and 1,128 pounds a year ago. Market Steers Steers —• Load Prime U.S. 3-4,' 1244 pounds, 36.25; seven loads High-Choice and Prime, 1050 - 1228, 35.85 - 36.00; 2-4, 1053 - 1250, 35.00- 35.75; Choice 2-4,975 -1350, 34.00 - 35.25; Mixed Good and Choice, 975 - 1250, 33.50 - 34.25; Good, 30.00 - 33.50; Standard and Good, 28.50 - 30.00. Heifers Eight loads High- Choice and Prime U.S. 3-4, 975 - 1020 pounds, 35.00 - 35.15; 915 - 1062,34.50 - 34.90; Choice 2-4,850 - 1050, 33.00 - 34.50; Mixed Good and Choice, 825 - 1000, 32.25 - 33.25; Good, 27.50 - 32.25; Stan dard and Good, 26.00 - 27.50. Cows Utility and Com mercial, 21.00 - 22.25; Canner and Cutter, 17.50-21.00; Mixed Cutter and Utility, 21.25 - 21.50. Bulls Utility, Commercial and Good, 25.00 - 27.00; Com mercial, 27.50 - 28.50; Cutter and Low-Utility, 23.50 - 25.50. CATTLE HOGS SHEEP 333.000 1,023,000 98,000 337.000 1,039,000 106,000 337.000 1,049,000 113,000 Feeder Steers Small supply moderately ac tive, steady, mainly High-Good and Choice fleshly two-way steers and small offering heifers. Outshipments approximately 800 compared 1400 previous week. Steers Three loads Choice, 508 pounds, 38.50; Good and Choice 443,35.75; High-Good and Choice, 925 - 1050, 32.50 - 33.50. Heifers Good and Choice, 598 - 794 pounds, 31.00 - 32.00. Peoria Cattle Wednesday, December 22 For a 4-day period, slaughter steers ended mostly 50, instances 75 higher. Slaughter heifers closed 50 - 75, instances 1.00 higher. Cows were steady to 50 higher. Bulls ended generally steady. Supply was comprised mainly of High-Good and Choice slaughter steers and heifers, with several loads of mixed Choice and Prime steers and heifers on offer during the period. Strictly Prime grade lots of both steers and heifers were absent. Receipts this week 5,558; receipts last week 5,355; receipts last year 1,511. SLAUGHTER STEERS Mixed High Choice and Prime 1250 -1365 pounds yield grade 3-4, 36.00 - 36.50 Two loads 36.50 on' Wednesday. Mixed Choice and Prime 1175 - 1315 pounds yield grade 3-4,35.50 - 36.00. Choice 925 -1275 pounds yield grade 2-4, 34.50 - 35.50. Mixed Good and Choice 825 - 1150 pounds 33.00 - 34.50. Good 30.25 - 33.00. Standard and Low Good 28.75 - 30.25. Standard and Commercial 1500 pound Holsteins 29.00. Standard Holsteins 28.25. Standard and Utility Holsteins 27.75. SLAUGHTER HEIFERS High Choice and Prime 950 -1000 pounds yield grade 3-4, 34.75 - 32.25. Load 1110 pounds at 35.50 on Tuesday. Choice 825 -1060 pounds yield grade ,2-4, 33.50 35.00, "several 33.50 - 34.75. Mixed Good and Choice 750 - 975 pounds 31.75 - 33.50. Good 29.00 - 31.75. COWS Commercial 18.50 - 21.50. Utility 21.00 - 22.50; in dividual at 23.00. Cutter 18 50 - 21 50. Canner 17.00 - 19.00. BULLS Utility and Com mercial 26 00 - 27.50, mostly 26.00 - 27.00. Few 28.00 - 38.50. Lancaster Farming, Friday, December 24,1971 FUTURES TRADING (Closing bids as of Wednesday, December 22) Chicago Chicago New York Cattle Hogs Maine Potatoes January '72 February 34.00 24.55 March April May June July August October December Trend Cattle are steady, Hogs are higher, Potatoes are steady and Eggs are higher. a-asked b-bid n-normal Markets provided by Commodity Dept., Reynolds & Company Farm Credit (Continued from Page 1) exactly how this provision will be applied, but “as we understand it now, it would prohibit loans in built-up areas such as boroughs with populations over 2,500 and in large subdivisions adjacent to them. It would usually prohibit loans in areas which have central water and sewer systems. He said it would prohibit len ding in areas such as Manheim Township, Lancaster City and its suburbs, and in boroughs such as New Holland, Lititz and Columbia. It would allow the loans in rural areas and villages including most of the rural townships and in villages such as Rothsville, Christiana, Gap and possibly even Quarryville. Brown noted that while the amount available for housing is limited to 15 per cent of out standing loans, this would amount to about $5 million when 32.85 23.70 3.15 32.32 25.70 26.65 31.97 24.60 31.55 23.30 22.90 31.52 figured on the local institution’s $33 million of funds. Nationally, it could mean up to nearly $2 billion of the National Credit Association’s ap proximately $l2 billion of funds. Brown noted that this section of the bill is not as important to Lancaster County as it is to many other rural areas throughout the country. There are usually many alternative sources of credit available locally; this is often not true in rural areas, he stated. He cited one cbunty in Pennsylvania which has only one bank and this bank has not loaned any money for new home mortgages for the past three years He said the bill will be more important in Upper Dauphin and upper Lebanon counties where many people have only one possible source of credit outside the Farm Credit System. Brown also emphasized that while the bill itself does not spell this out, debate in Congress in dicated that the new home provision was not meant for homes built for speculation It was designed for individuals who will live in their new homes, he explained A fourth major provision of the new bill allows for loans to custom operators Previously, farm credit could finance an individual farmer who wanted to do some custom work on the side, but could not finance someone who was a full-time custom operator While custom farm work is “not a big item today in this area,” Brown said he expects “to see it grow steadily through the next 10 years ” He noted there are already some silo filling operators who use equipment costing $25,000 and more. This section of the bill has immediate application to the large mid-west combine operations, which start in the south and work their way north through the harvest season. (Continued on Page 20) i ■■■■■ . ' "I Lebanon Valley Livestock Market, Inc. 1 mile east of Fredericksburg along Route 222 Phone Jonestown 865-2881 Sale every Tuesday at 1:30 P.M. starting with feeder cattle and pigs Chicago Fresh Eggs 29.45 31.60 2.96 3.59 3
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