Commodities Conference
Sloted for Nov. 14-15
The Third International
Commodities Conference for
traders, exchange personnel,
brokers, bankers, -farmers,
processors and government
officials will be held by New York
University at the Palmer House
in Chicago, Nov. 14-15.
National, state and local
dignitaries, as well as prominent
commodities executives, will
3i& Dutchman.
address the conference par
ticipants.
The conference is being
coordinated for the University by
New York Management Center.
A descriptive brochure and
registration information may be
obtained by writing to William A.
Kulok, Program Director, 600
Third Avenue, New York, N. Y.,
10016 or by calling 212-687-8540,
CONTROLLED
UPPED LAND LIMITS ... If
recent commodity prices hold,
farmers may be lured into
seeding every square inch they
can next season. That could come
out to 334 million acres for 1974’s
harvest, the most since 1956.
USDA figures it this way: 319
million acres are in crops now.
Assuming most of the land
currently set aside gets planted,
that would be another 12 million
acres. Then add in 3 million acres
from summer fallow and
grassland.
NOT LIKELY TO BE
PLANTED are the 44 million
acres now in cropland pastures
because of record animal
numbers. Another 250 million
acres have crop potential, but not
for next year, because they need
reclaiming from wetness,
dryness, or uneveness.
FERTILIZER ... Exports of
U.S. fertilizers have boomed
because foreign buyers can top
domestic ceiling prices while
~1 -
XXX
XXX
HERSHEY
EQUIPMENT
CO.
215 Diller Ave.
New Holland, Pa
Ph. 717-354-5168 or 717- 872-5111
siq Dutchman.
Lancaster Farming, Saturday, October 20, 1973—7
getting a discount because of
dollar devaluation. At the same
time domestic fertilizer needs
are soaring. After expanding 25
million acres this spring plan
tings will grow further next year.
It might be tough to get a specific
type of fertilizer this fall, and by
spring American plants will not
be able to provide enough to meet
demand.
XXX
PLANTS are already operating
up to capacity. Phosphate output
will expand slowly over the next
few years as plants underway are
completed and brought into
production. But ammonia
production, basis of nitrogen
fertilizers, has been caught by
the energy crunch. Natural gas
deliveries to ammoma plants
have been shaved this year and
face continued curtailment.
XXX
. Expected
COTTON
production as of September 1 of
12.9 million 480-pound bales will
fall short of 1973-74 domestic and
export demands by around
v-&a^i6
Contact us about installing
a high speed feeding
system in your Existing
Cage or Floor operation
as well as your new
poultry house
AUTHORIZED
DISTRIBUTOR
400,000 bales. Carryover next
summer may be off 300,000 bales
from the 3.9 million carried into
1973-74.
XXX
HOT EXPECTATIONS for
cotton exports have been fanned
by the surprisingly large
amounts of U.S. cotton con
tracted for delivery in 1973-74,
and even for 1974-75. During 1973-
74 exports of sVfe to 6 million bales
look likely.
XXX
BOLT BATTLE .. . Cotton
continues to face keen com
petition from manmade fibers,
especially in the United States.
Last year, U.S. production of
synthetic fibers hit 7 - 1-3 billion
pounds, up a fifth from 1971.
World production totaled 24
billion pounds, up a tenth from
1971.
XXX
GATHERING EXPENSIVE
WOOL . . . U.S. wool production,
forecast at 144 million pounds for
1973, was 9 percent under last
year’s crop, the thirteenth annual
drop in a row. However, prices
are booming: Last year ranchers
got 35 cents per pound, this year
they’ll average over 72 cents.
Growers, while delighted by wool
prices, are uncertain whether
they would do better to cash in on
high meat prices by slaughtering
sheep.
XXX
FEED GRAIN SUPPLIES for
1973-74 could total 245 million
tons, based on September 1 in
dications, 2 percent below the
previous year’s record supply,
249 million tons Production of the
four feed grains was estimated at
207 million tons, 7 million more
than last year. But carryover into
1973-74, at roughly 35 million tons,
was 14 million tons under last
year’s level.
XXX
HERE . . . U.S. feed grain use
in 1973-74 will probably change
little from the 172 million tons of
1972-73. Lower feeding rates will
offset a 2 percent to 3 percent rise
in the numbers of grain eating
animals
XXX
THERE . . The export
demand for feed grains in 1973-74
looks strong Foreign demand is
projected around 40 million tons,
nearly up to 1972-73’s record 42-
million-ton level.
XXX
EVERYWHERE . . World
coarse grain (feed gram plus
rye) production in 1973 looks like
it will weigh in at about 620
million short tons, up sharply
from 1972’s 585 million. The
Soviet Union accounted for the
bulk of the increase, producing
around 13 million tons more than
last year The U S coarse gram
gam was about 7 million tons
However, even with the increase,
world stocks of feed grains and
rye will continue at relatively low
levels
XXX
ANIMALS AS CON
SUMERS The animal
outlook, measured in gram
consuming units, indicates a 2 ] / 2
percent increase, instead of a 4
percent hike seen last winter
Reasons for retrenchment High
feed costs, smaller corn supply,
export demand for feed grains,
and the ability of farmers and
ranchers to hold animals orf'grass
longer