HUM TRENDS
I Continued from Paw* II
right now," Robinson said, “and it's going to be domg
a lot of damage in the next few weeks. Alfalfa seems to
be maturing faster than normal this year, and this
could make the problem worse. Most weevil sprays
call for a week or two between application and har
vest. Killing the weevil could mean a farmer would
have to let his hay become too mature at harvest."
Robinson said that if seven out of ten plants in a
field are affected, then it's time for action. A farmer
can spray if he's not planning to mow in the next ten
days, or he can cut his crop right away and put it in the
silo. The 'stubble should be sprayed after mowing,
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Robinson commented
Of special concern, he added, should be the alfalfa
fields seeded last fall. These should not be cut in any
case before the crop comes to the half-bloom stage.
Minimum Wage Goes Up
Federal minimum wage regulations went into effect
May 1 and increased the minimum for some 88,000
farm workers across the country from $1.30 per hour
to $1.60. Actually, most local farms won't be affected
by the new rate because they don't hire enough labor.
Labor cost for bigger operators will go up again, to
$l.BO on January 1, 1975, to $2.00 a year later, to
$2.20 the following year and to $2.30 on January 1,
1978.
Meat Prices Seen Heading Up
Livestock prices are expected to rise later this
spring into early summer as meat production declines
from the winter level, according to USDA figures.
Retail meat prices will probably rise into summer, but
should generally decline for the rest of 1974 as meat
supplies increase and inflationary pressures subside.
January-March retail beef and pork prices were
probably at their highs for the year.
Per capita meat consumption this year is expected
to rise from 1973’s 176 pounds but will not reach the
189 pounds of 1972. Consumption during January-
March was nearly the same as a year ago. Beef, veal,
and lamb consumption ran about the same as
January-March 1973 and pork consumption rose
nearly 1 pound per person.
Cattle prices have stabilized in the low s4o's per
100 pounds after declining sharply from the January
highs. Market disruptions due to precautions taken
before, and in response to, the truck strike in
February were largely responsible for the erratic
price behavior early this year.
Lancaster Farming, Saturday, May 11,1974—7
The deteriorating cattle market in February and
March forced many cattle feeders into financial loss
positions which discouraged orderly marketings of
cattle for slaughter. Overfinished cattle have had a
major price depressing effect in the past several
weeks on both the live and retail markets.
Cattle slaughter this spring likely will decline some
from the winter level, and prices are expected to rise
to the mid s4o’s by early summer. Then later in the
summer and fall, more cattle will be coming to
slaughter and cattle and beef prices will again decline.
Much of the increase in slaughter will continue to be
in cows and nonfed steers and heifers. Prospective
larger imports of beef in the second half will also
contribute to larger supplies.
If the fed cattle market rises this spring and
summer as expected, and cattle feeders’ losses are
reduced, they will probably tend to bid up somewhat
the market for cattle going into feedlots. Prices of
these feeder cattle will decline seasonally later in the
year and perhaps average in the low s4o’s for the
second half.
Hog prices early this year fell sharply, but are ex
pected to strengthen this spring and summer as
supplies trend seasonally lower. Summer peak prices
could reach the high s3o’s.
As of March 1 hog producers were sticking close to
their earlier production plans for 1974. Farrowing
intentions for March-May indicated no changes were
planned. June-August farrowing intentions were
down 2 percent.
Sheep and lamb slaughter is continuing lower this
year. Lamb prices have risen this spring but are ex
pected to be seasonally lower this summer and fall.