Take me away
this weekend!
Commonwealth J W
National Bank
The Master Charge Bank
(Digested from outlook reports
of the USDA’s Economic
Research Service. Forecasts
based on information available
through June 1, 1972.)
RED MEAT REVIEW . . .
Output of red meat this spring
and summer will run close to a
year earlier. Larger beef
production should be offset by
sharply reduced pork otitput and
smaller supplies of veal and
lamb. Fed cattle prices may
weaken in coming months but
Lancaster Farming, Saturday, July 29,1972
farmers can look for hog prices to
climb seasonally to a summer
high substantially above last
summer’s $2O-level.
FED C£JITLE MARKETINGS
. . . Cattle feeders planned a 6-
percent boost in marketings this
spring and shipments in the
summer are likely to rise even
higher and stay moderately
above 1971. There were 11 per
cent more cattle on feed last
April 1 in weight groups that
usually supply the bulk of the fed
cattle marketings in July—
September.
FED CATTLE PRICES this
summer may well drift lower
than the late-April level of $35 per
100 pounds for choice steers at
Omaha. The extent of the decline
will rest partly on cattle market
weights which tend to gain as
prices slide.
HOG SLAUGHTER during the
rest of 1972 probably will be
moderately under a year earlier.
On March 1 there were 6 percent
fewer market hogs on Corn Belt
farms ... these are the hogs that
will be going to slaughter in late
spring and summer. And farmers
said they were cutting March-
May farrowmgs by 7 percent,
which would reduce supplies in
the fall.
A LONGER LOOK AHEAD . .
Higher average hog prices in
1972, coupled with lower corn
prices than in 1971, may tempt
producers to up output But don’t
look for much expansion before
early 1973 because Corn Belt
producers plan a 7-percent
reduction m the number of sows
farrowing during June-August
DAIRY DETAILS
creased farm marketings and a
small price rise should lift far
mers’ dairy cash receipts in 1972
to some $7 billion, up from $6.8
billion last year
MILK SALES Favorable
milk-feed price relationships are
encouraging liberal feeding of
cows, helping boost output per
animal. Farmers are likely to
market upward of 1 percent more
milk this year, following similar
small gams m the past 2 years
WOOL GATHERING .
Significant improvement in
prices has highlighted the U S
and overseas wool markets in the
last few months, marking a
recovery from unusually low 1971
levels. Wool output is dropping at
home and the world clip is down ,
too —while overall demand has
been gaining Still today’s U.S
prices of raw wool are low
relative to the last three decades
WOOL PRICE RISE
Domestic prices in 1972 should
average well above 1971’s
unusually low level of 19 4 cents—
with much of the gain coming
from better prices for wools
grading 60’s and finer Also, the
traditional price differences
between fine and medium
domestic wools are being
restored—after having essen
tially vanished when the bottom
fell out of the U S market in 1971
BROILER BOOM Lower
feed prices and better broiler
earnings in early 1972 en
couraged producers to up chick
placements sharply In 22 im
portant States placements during
February-March were more than
8 percent over the same 1971
weeks The margin is narrowing,
though, and broiler supplies in
the late spring may only be
around 5 percent over a year
earlier
ANIMAL HEALTH AIDS
” OujtSptctdfy
THIS IS WHY OUR PRICES
ARE LOWER
L
- Medications
For Dairy,
Livestock, Pets
- New Butter-T-Dip
- “Maes” Mineral Feeders
- Farm Gates, Hog Feeders,
Black Mulching Film, Stock
Waterers,
- “Trojan” Seed Corn
FIND THE KEY TO YOUR ANIMAL HEALTH
PROBLEMS AT
ZIMMERMANS
ANIMAL HEALTH SUPPLY _
320 E. Wood ~
Main St. Corner Rd
Bareville, Pa. Lititz, Pa.
656-9818 733-4466
7