Soybean
(Continued from Page 1]
pressures. Prices of beans on
the Chicago Futures’ Market
have jumped 92 cents a
bushel since March 25,
reflecting a rise in meal
prices of more than $3O per
ton since that date.
“UEP feed grains
chariman Mike Hirth this
week voiced concern that the
Red China sale might be the
first of many other offers to
buy U.S. soybeans. He said
reaction to the deal in
Western Europe has been
one of fear which has
prompted almost panic
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A.B.C. GROFF, INC.
New Holbnd 717-354-4191
scarcity
buying. Additional export
sales would seriously affect
the already short supply.
“In a telegram to
Secretary of Agriculture Bob
Bergland this week, UEP
stated: “The egg industry is
greatly concerned over
soybean meal situation. We
urge the Department to take
whatever steps necessary to
assure domestic livestock
and poultry producers of
adequate supplies. There’s
no good protein substitute for
soybean meal in chicken
feed. Current supply is
dangerously low and world
demand is skyrocketing
price. We respectfully
request an opportunity to
meet with you on this
problem.”
“According to John
Pedersen, former UEP
economist, January 1 in
ventory of soybeans was 18
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ADAMSTOWN EQUIPMENT INC.
Mohnton, *O2, PA 19540 (near Maastown]
per cent less than the in
ventory of the preceding
year. He noted that during
the first quarter (of the
soybean crop-year, Sep
tember through December)
usage was 8 million bushels
greater than the previous
year. He said indications are
that usage did not decline
during the second quarter
just ended but figures are not
yet available.
“Hie soybean supply is
very, very tight right now
and could get worse before
the new crop begins to
arrive,” Pedersen said.
“The egg industry, and other
users, should cut back as
much as possible in order to
conserve the current sup
ply-”
“In Washington,
speculation on the possibility
of an export embargo is
overly optimistic, according
to James Fleming. It is most
unlikely that President
Carter would approve such a
proposal even if Secretary
Bergland was to recommend
it, he said. He based his
opinion on the Ad
ministration’s strong
criticism of similar
programs by former
President Ford and former
Secretary Butz. Meanwhile,
UEP is seeking an audience
with the Secretary to fully
apprise him of its members’
concern.
The American Soybean
Association reports that
farmers are turning to other
sources of protein as a result
of the high prices. Also,
farmers are planning on
planting more acres into
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LANDIS BROS. INC.
Lancaster, PA 717-393-3906
beans this season with hopes
of cashing in on the new
price levels.
The phenomenon going on
now - which causes some
farmers to turn to other
soybean sources, and keeps
some buyers away
altogether - is known as
price rationing. Only those
who can afford to buy are
active in the market. Ac
cording to USDA Secretary
Bob Bergland, it’s an ef
fective way of controlling
supplies and demand. The
same concept was held up by
former USDA Secretary
Earl Butz.
Soybean handlers and feed
dealers in Lancaster Far
ming’s coverage area
confirm that a price
rationing system has taken
effect due to the high costs of
beans. One Lebanon County
handler noted that his
soybean meal sales have
dropped by 60 per cent.
“Prices are so high that
soybean use is being tem
pered pretty sharply,” said
Mark Hershey. Prices of
soybean meal per hun
dredweight are running
between $l6 and $l7.
A primary reason for the
current developments on the
soybean market is that
soybean prices were too low
a year earlier. Farmers
responded by cutting back in
their acreage. That brought
on short supplies and
spiraling prices. According
to Hershey, it has “upset the
balance of things.”
“Most beans are in strong
hands now, there aren't
many on the farm
anymore,” Hershey con
tinued. Exporters and
processors are in control.
Speculators have the
market.
Attempts by Lancaster
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Lancaster Farming, Saturday, April 16,1977
Sale of building lot must
include sewage statement
UNIVERSITY PARK, Pa.
- Potential homeowners
purchasing lots for new
homes, as well as land
owners should be aware of a
recent law relating to on-lot
sewage disposal.
The Pennsylvania Sewage
P'acilities Act (Act 5376
amended by Act 280 became
effective January 31,1977. It
relates specifically to land
sales contracts for lots on
which septic tanks or other
on-lot sewage disposal
facilities are comtemplated.
Basically, any agreement of
sale for a lot that will not be
served by a community
sewage disposal system,
must include a statement
Farming to gain additional
information from some of
the country’s largest
soybean firms were
relatively fruitless.
Spokesmen at points of
export, such as at the Port of
Baltimore, were not in a
position to talk without
authorization from home
offices in the Midwest.
Spokesmen at the home
office declined comment
because of their “being
involved with the market.”
Indications are that the
“price rationing” system
will continue as more far-,
mers try to cut comers in
their feeding programs by
using substitute protein
sources. Nobody wants to
predict prices, but Futures
Trading (see market pages)
should give some idea of how
the market is likely to shape
up in weeks and months to
come.
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Sales and custom application in your area call
indicating that a sewage
disposal permit must be
obtained from the local
municipal agency having
jurisdiction. The contract
must also advise the buyer
that he should contact the
local agency for specific
information concerning the
sewage disposal permit
before he signs the contract.
The law indicates that any
sales contract that does not
conform to these provisions
cannot be enforced by the
seller against the buyer.
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LOOSE MINERAL FOR
FLY CONTROL
A new, loose mineral
containing Rabon oral
larvicide is now available
from A. E. Staley Mfg. Co.,
specialty feeds division.
The new product-Staley
Free Choice Mineral with
Rabon oral larvicide-is
designed for the dairy or
beef operation that prefers a
loose mineral free-choice or
mixed with a ration either on
the farm or by a feed sup
plier.
Staley also markets a
molasses-salt-mineral block
with Rabon. Rabon,
developed by Shell Chemical
Co., controls all four major
flies-face, hom, house, and
stable- by preventing the
hatching of larvae in the
manure of dairy and beef
cattle.
Cost of the fly protection is
less than a nickel per day,
according to Staley.
Rabon is the only
registered fly protection
compound available which is
cleared, for lactating dairy
cattle, so Staley Free Choice
Mineral can be fed to all
cattle, including lactating
dairy cows, with no with
drawal period necessary.
Staley Free choice
Mineral, not only provides
fly control, but offers cattle a
balanced intake of calcium
and phosphorous and a high
level of vitamin A, states the
company.
Free Choice Mineral with
Rabon is available in 50-
pound bags protected by a
polyethylene casing. For
information, write A. E.
Staley Mfg. Co., Specialty
Feeds Division, P.O. Box
151, Decatur, HI. 62525.
Allentown, Pa.
215-434-7106
27