Higher beef
I Continued from Page 1]
according to Penn State
Extension economist H.
Louis Moore.
Moore addressed the
approximately 200 cattlemen
with the optimistic forecast,
explaining that the causes
for the likely increase are a
smaller supply of fed cattle
and the higher costs of
finishing cattle. The five
cent climb in prices is ex
pected to arise fairly soon
and continue gradually until
a price of 47 cents per pound
is reached in November.
Present prices now are
hovering around 41 to 42
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cents per pound. By March
they’re expected to hit 42Vz
cents; May 44 l * cents; and
September 46cents.
For the year, Moore
predicts that the price of
beef may average 45 cents
per pound, which would be a
12 per cent increase over
1976 prices.
Offering an even longer
range forecast on the beef
situation, Moore commented
that 1977 will be a better year
for cattlemen than what 1976
was, and 1978 looks like it
might be better still.
Production costs will
climb along with prices
■ ■ ■
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Louis Moore
received, but Moore
calculates that for 1977, the
prices received will be high
enough to offset the rising
costs.
Cattle on feed have
dropped since October,
Moore said, but the supply is
not expected to be overly
short. Hog prices will have
an effect, as always, on how
well beef sells.
The Penn State economist
also addressed himself to the
Beef Research and In
formation Act, which was
passed by Congress last year
and is up for a vote by pr
ducers later this year. The
Act is legislation which will
enable cattlemen to collect
funds for research and
promotion, Moore explained.
Although passed and ap
proved by the U.S. Congress,
the Act is not a government
program. Congress can,
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717-734-3682
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215-691-3070
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however, act as a “wat
chdog” over it, Moore said.
Beef industry leaders
estimate that between $3O
and $4O million dollars will
be needed to carry out an
effective research and
promotion order. Funds will
be collected at points of sale
on an 'added value
assessment basis.
Copies of the Beef
Research and Information
Act are available on request
from the Hearing Clerk,
Room 112-A, USDA,
Washington, D.C. 20250.
Producers who wish to
comment on the order have
until Feb. 24 to do so.
A news release issued
recently by USDA gives
details: “The U.S. Depart
ment of Agriculture has
announced that evidence
received at a public hearing
justifies proposing a
nationally coordinated
research and information
order for beef.
“USDA’s Agricultural
Marketing Service (AMS)
set a Feb. 24, 1977 deadline
for filing written exceptions
to its recommended decision
on the beef research and
information order. After that
date, a final decision will be
made. If the final decision is
favorable, beef producers
will vote on the proposed
program in a national
referendum.
with
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COLUMBIA
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Bloomsbury, Pa.
717-714-7456
MAIDENCREEK
FARM SUPPLY
Blandon, Pa.
215-926-3851
WENGER’S INC.
S Race St.,
Myerstown, Pa.
717-866-2131
Lancaster Farming, Saturday, Jan. 29.1977
► iV
f £ *
Lester Burdette
“Under the recommended
order, a Beef Board com
posed of producers would
have the power to collect
assessments on the sales of
cattle and to use the funds
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“Such a program is
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23