20—Lancaster Farming, Saturday, September 22, 1973
SOYBEAN SUPPLIES... If
the 1973 soybean outturn does
reach 1,540 bushels or more, as
indicated by the August crop
report, supplies should be ample
to meet the record anticipated
1973-74 season domestic and
export demand approaching 1.5
billion bushels. This would also
allow some buildup in carryover
on September 1, 1974.
XXX
PRICE STRENGTH PER
SISTS . . With demand for the
golden bean staying strong,
prices received by farmers
during 1973-74 will likely average
somewhat above the record $4.35
per bushel now estimated for the
1972-73 season.
more milk per cow on
Purina Milk Chow Special
Your cows may have the bred-in capacity to pro
duce an extra ton of milk per year—if you feed
them high efficiency Purina Milk Chow Special.
Milk Chow Special contains carefully selected in
gredients blended together in “just right” amounts
to help your cows produce all that’s in ’em. In fact,
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lbs. more milk per cow in their first year on Milk
Chow Special!
Keep accurate records and prove to yourself that
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on prices and delivery. We’d like to do business
with you.
John J. Hess, 11, Inc.
Ph 442-4632
Paradise
West Willow Farmers
Assn., Inc.
Ph 464-3431
West Willow
Ira B. Landis
Ph 665 3248
FED CATTLE MARKETINGS
MAY GAIN . . . October-
December fed cattle marketings
could be a little larger than 1972’s
fourth quarter. The midyear
inventory of steers on feed
weighing 700-900 pounds and
heifers in the 500-700 pound
weight group were up 4 percent
from a year earlier. These
animals normally supply over
half fourth quarter marketings.
BUT BEEF OUTPUT MAY
STILL BE DOWN .. . Offsetting
the larger fed cattle marketings,
though, will be very small nonfed.
steer and heifer slaughter as well
as cow slaughter that may be
about the same or only a little
up to a ton
James High & Sons
Ph; 354-0301
Gordonville
Wenger's Feed Mill Inc.
XXX
Ph: 367-1195
Rheems
John B. Kurtz
Ph - 354-9251
larger as a year earlier. On
balance, these could lead to a
small cut in October-December
beef output.
XXX
PRICE PICTURE STAYS
ROSY ... Early fall fed cattle
prices may be higher than
summer prices, following the
release of beef from price
ceilings in mid-September.
However, as marketings rise
above a year ago and pork output
is seasonally larger, prices may
ease some by late fall. Still,
fourth quarter prices should be at
least a third above 1972’s Oc
tober-December average of $34
per 100 pounds.
XXX
HOG SLAUGHTER this fall is
expected to be near or slightly
below October-December 1972,
judging from the number of
market hogs on farms under 60
pounds last June 1. Prices of
barrows and gilts may decline
some into the fall but the average
will be 50 percent above last
October-December’s $29 per 100
pounds. Strong consumer
demand for red meats and
limited supplies are serving to
maintain high hog prices.
XXX
WHAT’S HAPPENING WITH
LAMBS .. . Lamb slaughter will
continue well below a year
earlier during July-December
because of the 9 percent cut in the
1973 lamb crop and some
probable increase in withholding
of live lambs for herd
replacement. Choice spring
lambs were selling for $3B per 100
pounds at San Angelo in late July,
about the same as late May. But
second half prices should rise
above that level in response to
smaller supplies and a strong
cattle and hog market. Lamb
prices have not shared the
spring-summer strength of cattle
and hog markets.
XXX
EXPORT EXCITEMENT
... U.S. farm exports during
fiscal 1972-73 soared to $12,9
billion, topping by nearly 60
percent the previous high of $8.05
billion set only a year earlier. The
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R. S. HOLLINGER & SON COPE & WEAVER CO.
mountville pa
MESSICK FARM EQUIP.
FLI2ABFTHTOWN 367 1319 _ INTERCOURSE 786 8231
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hike was about equally due to
bigger sales and higher prices.
GRAIN GAIN .. . Credit
grains for the takeoff in our 1972-
73 export values. Sales of wheat
and flour and of feed grains both
doubled to over $2.2 billion each.
At the same time, soybeans and
soybean products remained our
most valuable export com
modity, worth $3-plus billion in
1972-73.
TRACKING THE TRADE
BALANCE .. . While imports of
agricultural items also swelled
sharply in 1972-73... at $7.3
billion they were nearly a fifth
larger than in the preceding
fiscal year ... the farm side of
the trade ledger was the brightest
spot in our balance of trade.
Farmers’ contribution reached
an all-time high of $5.6 billion,
compared with an over $9 billion
deficit in our nonfarm trade.
Thus, thanks to farmers, the
United States wound up only $3%
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XXX
XXX
NfW PROVIDENCE
C. B. HOOBER & SON
733 2283
billion in the red in terms of our
total 1972-73 trade.
XXX
DEVALUATION’S ROLE
.. . Devaluation has had a
dramatic impact on U. S. farm
trade, increasing our com
parative advantage in foreign
markets despite recent world
price rises. On the other hand,
imports of foreign agricultural
commodities have become less
competitive in the United States.
XXX
WORLD COMMODITY
PRICES have gone up over the
past 2% years while the price of
the U.S. dollar in most countries
has gone down. For example, the
price of our corn rose one-fifth
between May 1971 and March
1973 in terms of U. S. dollars. But
sharp dollar devaluation in Japan
caused the price in yen to drop a
tenth.
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