14
—Lancaster Farming, Saturday, May 22, 1976
1976 feed grain and
dependent on world
WASHINGTON D.C. -
With an unusually mild and
open Spring, farmers got off
to their earliest start ever in
grain planting, and crop
prospects so far are
generally favorable in most
major producing areas.
Assuming normal weather,
the 1976 corn crop is
projected at 6.0 to 6.7 billion
bushels, up from the
previous 5.8 billion - bushel
record in 1975. Production of
the four feed grains (com,
sorghum, oats, barley) is
projected at 207 to 231 million
short tons, compared with
202 million in 1975.
If crop production is within
this range, prices at har
vesttime will likely slip
moderately below those of
last October - December. In
U.S. gives
most for least
WASHINGTON, D.C. -
The average American
worker earns enough in one
8-hour day to buy four loaves
of bread, four pounds of
bacon, four pounds of pork
chops, seven pounds of
sirloin steak, four pounds of
broiler meat, four pounds of
tomatoes, six dozen oranges,
4 x 2 pounds of butter and four
dozen eggs.
That’s about double the
food buying power for
workers in France and
England, but more than 6Vz
times that for workers in
Japan.
Putting it another way, the
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this event, a rise of about a
tenth in domestic feeding in
1976-77 is projected and
would be the dominant price
- supporting factor. But a
decline of almost a fifth in
exports is projected if world
crop prospects continue
normal.
Feed grain prices have
been comparatively stable
since early 1976 while sub
stantial increases in
livestock and poultry feeding
have been developing and
exports are moving toward a
new record high for 1975-76.
The relationship of
livestock and poultry prices
to feed costs generally has
encouraged feeders to ex
pand their operations since
about mid-1975. Increases in
feeding began to get un-
average American worker
can purchase a loaf of bread,
a pound of bacon, two pounds
of sirloin steak, two pounds
of pork chops, three pounds
of broiler meat, two pounds
of tomatoes, one-half dozen
of oranges, one pound of
butter and one-half dozen
eggs with just two hours, 19
minutes of his work day.
Compared to about three
hours, 20 minutes for
workers m both Belgium and
the Netherlands; 3:50 in
West Germany, 3:59 in
Sweden; 4:3oin Italy; 4:50 in
France, 5:48 in England
and 15:27 —that's right, 15
hours, 27 minutes, in Japan.
derway late last summer
when it seemed likely that
the com crop would be large
enough to hold feed costs in
1975-76 below the historically
high levels of the year
before. Cattle placements
have been heavy since last
summer, and substantially
larger numbers on feed
began showing by Novem
ber. Pigs bom in the first
stages of the current hog
expansion are nearing
slaughter weights. Broiler
meat output is running near
industry capacity, with
production in January -
March up a whopping 15
percent. Milk-feed prices
also have turned favorable
for dairy production.
• In October - December
1975, feed grain use for
domestic feeding was three
percent less than a year
earlier; in January - March,
the expansion in feeding
operations was in full swing
and feeding use was a fifth
more than a year earlier.
Feed use in October 1975 -
March 1976, the first half of
the 1975-76 year, was seven
percent larger than a year
earlier. The expansion is
expected to continue and
feed grain use for domestic
feeding in this marketing
year probably will be 12
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J. M. HORST
SERVICE CO.
Box 231, Quentin, PA Phone (717) 274-1242
Sales Rep. in Lane. Co.
Bill Guhl Phone (717) 529-2569
[ ZVU>- PIONEER OF FARM BULK MILK COOLERS
livestock economies
harvests and exports
percent larger than in 1974-
75.
Feed grain exports in 1975-
76 are expected to total about
53 million short tons, 35
percent more than in 1974-75
and 21 percent more than the
previous record 44 million
tons in 1973-74. Most of the
increase from last year is
due to larger exports of com
to the USSR, Eastern
Europe, and the European
Community. Exports and
outstanding sales to the
USSR this season now total
about 12 million metric tons
(13 million short), virtually
all com.
Increases in domestic
disappearance and exports
of feed grains combined in
1975-76 will just about use up
the 16-percent increase in
supply over 1974-75.
Carryover stocks at the end
of 1975-76 are expected to
total only about 18 million
tons, little different from the
very low 1974-75 carryover.
Therefore, the immediate
future in the feed grain and
livestock economies is
heavily dependent on 1976
harvests and on crop
prospects around the world,
as well as on the state of the
general economy here and in
other major grain-using
countries.
Soybean meal supplies are
running at all-time highs in
1975-76 and prices of high
protein feeds relative to feed
grain prices are lower than
usual. Therefore, there has
been some substitution of
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Landis Bros. Inc. A.B.C. Groff, Inc.
Lancaster 717 393-3906 New Holland 717-354 4191
Adamstown
Equipment Inc.
Mohnton, RD2, PA 19540
(near Adamstown]
215 484 4391
M. S. Yearsley
& Sons
Westchester 215 696 2990
Agway, Inc.
Chapman Equipment Center
Chapman. PA
215-398 2553
Shotzberger's
Equipment
Elm, PA
717-665 2141
high protein feeds for grains
in feed rations. Along with
the expansion in livestock
and poultry feeding, this is
responsible for sharp in
creases in the soybean crush
and in meal disappearance.
Pikeville
Equipment Inc.
Oyster Dale Road
O/ey RD2, PA
215-987 6277
Neuhaus’es, Inc.
Glen Rock, PA
717-235 1306
Stanley A. Klopp, Inc.
Berimlfe, PA
215 4881510
I. G.’s Ag Sales
Sliverdale, PA 18962
215 257 5136
Hermit K. Kistler
Lynnport, PA
215 298-3270