Retail beef prices show upswing
DENVER, Colo. Retail
beef prices, which have been
increasing steadily over the
past months, showed a
further increase during
April and May, the National
Cattlemen’s Association
reports.
The latest increase puts
the NCA survey average
above the previous high in
mid-1975, according to
Richard A. McDougal, NCA
president. However, beef
prices still were lagging
behind increases in the
WOOD’S SALE CALENDAR
WOOD
SELECT MILKING HERD
DISPERSAL
Located just off Rt. 549 seven miles
from Mansfield, Fa., 3 miles from
Roseville, Pa. 25 miles from Elmira, N.Y.
At 8:00 P.M. Sharp
60 Reg. and High Grade Hoisteins 60
5 Reg., 55 High Grades
April ’7B Rolling herd ave. 15,087 M 4.0 T 610 F
' 50 mature cows in all stages of lactation, 3 bred hfrs., 3 open yearlings, 3 six mo.
old and 4 started calves 1 a reg. Astronaut Calf dam projected for 20,D00M 950 F. In
- terstate tested, preg. ex. charts day of sale.
Sales Mgr. Note:
I think you will appreciate this herd as I had the opportunity to pick 50 from a 70
cow herd. You will find a real milky herd of cows with good udders. Last month
D.H.I.A. cows milting averaged 55 lbs. of 4.8 milk, 4 cows projected over 1000 of
, fat, high cow milked 107.2. Don’t miss this opportunity to purchase from this good
herd.
Also selling Appaloosa mare and stud colt - well marked - bri
dle & saddle.
Sale under cover.
PFEIFER
B*3 MACHINERY DISPERSAL
Located on Watercure Hill Rd., 3 miles from Elmira, N.Y. Take
Jerusalem Hill Exit off Rt. 17, go to Bowby Rd. take a left then go approx.
1 mile to Watercure Hill Rd. make a right go 1 mile to the sale. People
coming North from Rt. 328 - 549 or 14 take Rt. 14 North to Church St. in
Elmira, make a right go approx. 1 mile to Rt. 17 Binghamton Exit, stay to
your right Vz mile to Jerusalem Hill Rd. Watch for auction arrows.
Having sold my farm I will sell the following on:
JD 4020 diesel tractor; 830 Case diesel tractor w/Oliver 74-H2row mounted com
picker; Case 600 self propelled combine w/cab & power steering; Gehl #6OO
chopper w/2 row & pickup heads; Kasten self unloading box w/Knight #9 trailer
running gear; Van Dale self unloading box w/Knight #9 trailer running gear; Dion
self unloading box w/Gehl trailer running gear; 2 wagons w/18 ft. metal kicker
racks; NH wagon w/kicker rack; NH 495 -12 ft. haybine (real nice); NH 271 baler
w/kicker; Witmore portable feed grinder; 10 ft. Brillion seeder; JD 494 four row
com planter, clover hopper blower; 20 ft. transport field cultivator; Killbros #3OO
grain box & running gear; 8 ton running gear (new); Shultz #lB manure spreader
(new); 187 Hawk barrell spreader; 8x16x4 grain box w/dump trailer; Case 36”
elev. w/motor & extra heavy cord; Mohawk rotary mower 3 pt. hitch; NH 56 side
rake; weed sprayer transport type w/plastic tank; fertilizer sower 3 pt. hitch; NH
hay dryer w/5 hsp. motor; Gehl table blower: grain auger; cement mixer; 3 sets
ring tractor chains; several extra wheels & tires for wagons & spreaders; Patz silo
unloader fits 12 to 14 ft. silo; grass seed cleaner w/motor; large assortment of
bolts; metal bolt tray; new hyd. hoses: hyd. cylinder; log chains; barrell grease;
gear oil pump; dyes; new plow points & shins; elec, cords; roll chain; knife
rivetor; machine vice; bench vice; NH mower knives; PTO shaft; 40 ft. alumn.
ladder; tractor shade & some other small items.
Selling Order-
Small items at 7:30, machinery will be sold at 8:00 sharp so be on time.
Terms - Cash or Good Check.
Owners
FRANK & VIRGINIA PFEIFER
Auctioneer - Arlow Kiehl
Safes Mgr. - Gordon Wood - Mansfield, Pa.
For the most in advertising coverage and
preparing your sale, call Wood’s Auction Service.
Consumer Price Index and
consumer incomes since 1975.
The association’s monthly
19-city survey of super
markets showed the national
average price of five beef
cuts on May 11 was $1.89 per
pound, compared with $1.78
a month earlier and $1.78 in
July, 1975.
McDougal emphasized
that the NCA five-cut
average does not represent
the average price of all beef.
Because of the inclusion of
three types of Steak in the
limited five-cut survey, the
WED. EVE-May
Terms—Cash or Good Check.
Catalogs
TUES. EVE MAY 30
At 7:30 P.M. Sharp
Machinery
Phone 717-549-4901
NCA average runs higher
than government report
averages for all* cuts. For
example, the latest U.S.
Department of Agriculture
average for all Choice beef
was $1.65 per pound. The
NCA survey is conducted to
show current supply and
price trends rather than to
indicate the average of all
beef prices.
The latest beef price in
crease reflects the current
downtrend in beef produc
tion, McDougal noted.
However, he said, high cattle
Lunch available
Owners
TIM and JILL WOOD
prices are now stimulating
cattlemen to rebuild herds,
which eventually will bring a
supply increase again.
“For the past three
years,” he said, “large beef
production and low cattle
prices, along with escalating
costs, brought financial
losses to cattlemen which
forced a sell-off of basic
herds. During that time, beef
prices were decreasing or
only holding steady, and
consumers enjoyed low
prices. Now, per capita
supplies are moving back to
lower, more normal levels,
and beef prices are begin
ning to catch up with the
prices of other products.
“The recent price in
creases are not a cause of
the continuing basic inflation
problem. They represent
only a response to a cyclical
supply change typical of an
CATTLE AND BEEF PRICES
, (PER POUND)
< Per Lb
210
190 ■ ' /
Kefail
17C.
150. „
"iiihZ
130.
90 .
/I Wholesale
SO
‘ 1 • « ■ ■ » ■ l__l I I I—l—l—l—l
Jen Feb Mer Apr May Jun Jul Aug Sep Oct Nev Dec Jen Feb Mar Apr May Jun Jul Aug Sep Oct Nev Dec
1977 1978
/l NCAI9 city Supermarket Survey Averlff# fee 5 Cut*
Zl«00 Lh Ch#ice Steer Carcasses MWwsst
/3 Choice Steer* Omaha
Source NCAiCATTL€-FAX
Lancaster Farming, Saturday, May 27,1978
agricultural commodity fy-w .
business, plus a catching up US UCVCF
with inflation. Actually, the '
May NCA price average is frjfOTPt
up only 6 per cent from the o v ' t>
previous high in 1975, while ,1 . _
the oyer-all'Consumer Price f XliSt LllC
Index has increased 18 per
cent and average consumer
disposable income has in
creased 27 per cent since
1975”
NCA’s five-cut average
increased in 18 cities and
decreased in one during the
past month. The average
prices of all five cuts -
ground beef, round steak,
sirloin steak, T-bone steak
and chuck roast - showed
increases.
Average retail beef prices
vary among cities because of
such factors as local wage'
rates, transportation costs
and the amount of
“specialing” be retailers at
the time of the survey.
McDougal explained tha
the NCA survey was
‘cultivation
of the earth
is the most
important
labor*of
man.
initiated by cattlemen in 1974
in an effort to provide a more
up-to-date indication of price
trends. The government’s
CPI reflects beef prices
which are about seven weeks
old by the time they are
reported.
131