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