IS—Lancaster Farming, Saturday. July 22, 1972
Futures Trading Volume Sets Record in 1972 Fiscal Year
132,568 contracts, compared with
116,879 contracts in the year
ending June 30, 1971.
Volume of futures trading in
regulated agricultural com
modities reached an alltime
record in the year ending June 30,
1972, continuing the upward trend
of the three previous fiscal years.
This was reported this week by
the U S Department of
Agriculture in its release of data
from the Commodity Exchange
Authority, which supervises
sustain top
production
with the
BABCOCK
B-300
Keeping production up...costs
do wn... Is the profit key in poultry
operations. And more and more
records on commercial flocks of
Babcock B-300’s...“The Busi
nessman’s Blrd”...showsus
tained production of top quality
eggs...often with an additional
20 to 30 eggs per bird housed
over other strains. Come in...
look at the records and the B-300
..."The Businessman’s Bird”.
BABCOCK
FARMS, INC
Telephone (717) 626-8561)
HAVING VENTILATION
PROBLEMS?
SEE US!
WE OFFER THESE POPULAR MAKES
- AEROVENT P '
- ACME FAN JET SYSTEM
- VENT-O-MATIC A. 4
- CHORE-TIME » \ ' 1
- AIR-O-MATIC V 4; ; •
- COOL AIR „
A controlled environment is essential, particularly
during the hot summer months. Controlled even
temperatures in Poultry and Livestock housing can
only be achieved with individually designed ventilating
systems Let our engineers design a ventilating system
to fit your needs High volume air at low operating cost.
WE SELL, SERVICE AND INSTALL
1 E. M. HERR
| EQUIPMENT, INC.
1 R. D. 1. WILLOW STREET
717-464-3321
futures trading on $ll U. S,
contract markets.
Futures trading in 17 com
modities in fiscal 1972 increased 6
per cent over fiscal 1971 to a total
of 12 6 million transactions
valued at an estimated $148.0
billion. Transactions amounted to
118 million valued at $114.4
billion in the previous fiscal year.
Soybeans, the most active
commodity, made an alltime
record in trading volume in the
year ending June 30, 1972 The
3,961 million transactions
covered 19 8 billion bushels of
soybeans, up 47 per cent from the
13 4 billion bushels in the year
ending June 30, 1971.
Volume in the soybean-product
commodities, on the other hand,
turned downward Soybean oil
trading of 1,365,538 contracts was
a 7 per cent decrease from fiscal
1971 Soybean meal trading of
48,549,100 tons was down 23 per
cent from the previous fiscal
year.
Frozen pork bellies, one of the
consistently high-volume com
modities in recent years, ranked
second in market activity during
the period July 1971 to June 1972.
Trading of 2,043,384 contracts
was up 34 per cent from the
comparable period a year
earlier
Live hogs, following the pattern
for pork bellies, rose sub
stantially and made a new
trading record. Volume reached
an alltime high of 366,450 con
tracts, up 92 per cent from the
191,043 contracts traded in the
year ending June 30, 1971
Activity in the live cattle
markets continued at an in
creased rate and reached a
record volume of 964,750 con
tracts, up a substantial 59 per
cent over fiscal 1971
The cotton futures market was
the largest in 17 years Trading
volume reached 41,077,600 bales,
more than double the 16,551,600
bales of the previous fiscal year.
Among the grains, corn con
tinued as a large market but
dropped to a volume of 7.8 billion
bushels, down from its alltime
record of 13 7 billion bushels in
the year ending June 30, 1971.
Wheat trading had a volume of
3 5 billion bushels, down from the
trading of 4 2 billion bushels in
fiscal 1971. Oat trading continued
its downtrend. Volume of 196
million bushels was about half
that of the previous fiscal year.
The futures markets for eggs
and potatoes were less active.
Shell egg volume totaled 374,216
carlots, compared with 523,976
carlots in fiscal 1971. Potato
volume was 159,213 contracts
against 238,419 contracts in fiscal
1971
Trading in frozen concentrated
orange juice increased, reaching
Poultry Food Safety Tips
All poultry is perishable. That’s
why, say Extension foods and
nutrition specialists at Penn
sylvania State University, you
need to use care and cleanliness
when preparing, cooking and
serving poultry products. They
recommend that you keep frozen
poultry hard-frozen until time to
thaw, and cook promptly after
thawing Use fresh-chilled
poultry within one to two days.
Completely cook poultry at one
time Never partially cook, then
store and finish cooking at a later
date. Left-over poultry, broth,
stuffing and gravy should be
separated, covered and
refrigerated. Use these products
with one to two days. For longer
storage, freeze.
RED ROSE FARM SERVICE INC.
FARMER
MR.
RED ROSE FARM
SERVICE HAS
RECENTLY IN
STALLED A GRAIN
CRIMPER AT OUR
ELEVATORS
LOCATED ON ROUTES
222 NORTH OF QUARRYVDLLE
MANY FARMERS HAVE EXPRESSED
THEIR DESIRE TO HAVE CRUSHED RATHER
THAN GROUND GRAINS ADDED TO THEIR
RATIONS TO IMPROVE TEXTURE AND
PALATABIUTY.
THIS MACHINE CAN BE USED IN CRUSHING
OATS, BARLEY AND SHELLED CORN.
FOR COMPLETE INFORMATION VISIT ONE OF
OUR CONVENIENTLY LOCATED STORES TODAY.
MAIN OFFICE
N. Church Street
Quarryville, Pa.
786-7361
AERIAL LADDER EDUIPT.
FARM PAINTERS
BRUNIN6 QUALITY PAINT
WE SPRAY IT ON AND BRUSH IT IN.
Call Now For Free Estimates
HENRY K. FISHER
2322 Old Phila Pike
Lancaster, Pa. 17602 Phone 717-393-6530
WHEAT
WANTED!
TOP PRICES PAID FOR
EARLY CUT WHEAT
FOR MANUFACTURING
OF
Snavely’s Best Natural Flour
AND
Matchless Pure Flour
Both Milled From Natural Wheat—Nothing Added.
No Woiting Post Unloading and Drying
L. M. SNAVELY
Lititz, RDI Ph. 626-6256 or 626-6258
Red Rose
ANIMAL FEEDS
Less active commodity
markets with slightly increased
trading included grain sorghums
and frozen boneless beef. Wool
and frozen skinned hams had
decreased trading volume in the
1972 fiscal v »»ar.
GRAIN ELEVATOR
New Providence
786-3427
BUCK. PA. 284 4464