Moore
I Continued FiomPiftl |
being, Moore said. "There’s
no way to lock in a profit
when October futures arc
selling for $36.60. That's less
than it costs to grow them.
It's going to be a tough
period of adjustment for the
beef industry because of low
retail prices and the«in
creasing costs of most in
puts,”
Speaking on the general
state of the economy, Moore
said that although inflation is
currently running at a 12.2-
percent annual rate, in
flation is no longer the
country’s major concern.
“WeTl be fighting recession
the rest of the year,” he said,
"and some of the things we
do to fight recession may
actually increase the rate of
inflation.”
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He said 74 farm income u(
around $27 billion will be
down five billion from lift.i,
but still good compared to
1972. Crain farmers have
been the big winners in the
past two years, while
livestock farmers have been
losers, Moore noted.
Farmers intend to plant
about the same amount of
com they planted last year,
Moore said. Sorghum in
tentions are up 10 percent,
barley up 8 percent, wheat
up 26 percent and soybeans
up 8 percent. The only loser
in feed grain intentions was
oats, which is down some
four percent from 1974.
Sugar beets, Moore com
mented are up 22 percent as
a result of recent sugar
prices.
"But we’ve got to
remember,” Moore
cautioned, “that these
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74 MODEL
CADETS
REDUCED
COME IN AND SEE OUR
LARGE SELECTION
NEW
planting intentions arc only
an indication of what far
mers think they'll do as of
January 1. Corn prices are
backing off right now. and
I'd expect to see farmers
taking another look at their
com intentions. I think corn
acreage will start moving
down a little bit and
soybeans ' iil move up.
"The psychology of the
market has changed
drastically since mid-
December. The change may
have come about partly
because of a USDA report
showing 15 percent fewer
hogs on feed. I don’t know if
the com price is going to
continue dropping. It does
seem, though, as if the
market thinks we're going to
have adequate com. The
futures are sinking.
December futures right now
are $2.77, but by next
December that might look
like a pretty good price.”
The beef situation con
tinues confusing, according
to Moore. “We have a record
numbers of cattle, but fewer
numbers in feedlots. The
total buildup in the U.S.
cattle herd between January
1,1969, and January 1,. 1975,
was 23.0 million head, a 21
percent increase. Feeder
cattle supply is up, but so is
calf slaughter. Average
steer weights at slaughter
are down 42 pounds to 1100
pounds.”
Moore was followed on the
dais by William Jones, a
Penn State meat specialist,
who talked about the coming
changes in meat grades and
yield grading. Present
grading practices, Jones
asserted, lead to the
production of wastey'cattle,
containing too much fat at a
time when consumer
preferences are switching to
less marbling and more lean.
Virgil Crowley, a farm
management specialist from
the University, talked about
the various computer aids
available to Pennsylvania
farmers. Two which are
available through county
extension offices are the
least cost ration program
and feed lot analysis. The
least cost ration program
tells a farmer what to put
inot his feed mix to achieve
his nutritional goals at the
least possible price. The feed
lot analysis program tells a
feeder the price he'll need to
break even on a particular
lot of cattle.
Other, more complicated
programs which Crowley
discussed were the linear
farm program, and the farm
simulator. The linear
program can help a farmer
to decide on the best possible
mix of crops and livestock. It
takes into account his
limiting resources, yield
expectations and uses en
terprise budgets for each
farm enterprise. This
program is also available
through extension offices at
a cost of $l5O.
The farm simulator
program is being tried out on
several selected farms. It
looks at the same facts the
linear program examines,
plus machinery inventories
and debt structures.- This
program predicts
profitability of farm
operations over a ten-year
span, and tells a farmer
what he can expect during
those ten years in the way of
net return, net worth and
taxes paid.
Dr. Erskine Cash, from the
animal science department
at Penn State, talked to the
audience about feed ad
ditives and silage making.
Lester Burdette, a Penn
State livestock extension
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IT MAIN SI.
0
Lancaster Farming, Saturday, Feb. 1,1975
.specialist, told the feeders
they have to reduce feed
costs if they wanted to stay
in business. He said the most
important thing to do was to
take advantage of the
knowledge they already had.
He said they should look for
and evaluate new methods
and ideas, they shouldn't be
afraid to change if the
cahngc will make money,
and they should remember
that not all new ideas are
good ideas.
“I'm always being asked
how to grow beef with
marbling,” Burdette said.
MOUNTVILLE, PA PHONE 285-4538
EQUIPMENT
SPECIALS
400 PLANTER NO TILL
4 250 00
574 ROW CROP TRACTOR
574 UTILITY STANDARD
570 MANURE SPREADER
430 BALER
990 MOWER CONDITIONER
540 SPREADER
710 PLOW 5 FURROW 18
#55 CHISEL PLOWTRL
GOOD USED EQUIPMENT
Farmall Cub Cult Mower 51.425 00
Gehl Model 600 C B
Forage Harvester with PickupS N R Crop Unit only $2,850 00
8N Ford with Loader $1,395 00
•And 1 know how to net
marbling Buy black
feeders. If you want to grow
to choice with less (train, buy
black."
One Important source of
additional revenue that
many cattlemen overlook,
Burdette noted, is running
hogs with the steers. The
hogs, he pointed out, can use
the nutrients that steers
often waste.
TRY A
CLASSIFIED
| [a|
9
6 735 00
2,875.00
3,250 00-
3,400 00
1,840 00
3 360 00
’5 00