DEKALB, HI. - With a record corn crop of 7.1 billion bushels forecasted, one would expect com producers to be bracing themselves for a sharp drop in prices. However, a Chicago economist says chances of such a drop occurring are limited. “The possibility of a major price increase is now very limited due to the size of the crop. But the risk of a major price decline is also very limited because of small free stocks and government policies affecting the com market,” explains Rudolph P. Gallat, chief economist and director of research for Heinold Commodities, Inc., a subsidiary of DeKalb Agßesearch, Inc. “As of August Ist, the USDA export forecast was raised to 2.18 billion bushels and domestic feeding estimate to 4.25 billion bushels for the 1978-79 season. About three-fourths of the ending stock estimate of 1.17 billion bushels is presently under reserve or loan contracts, leaving very limited free stocks on September 30,” Gallat says. Gallat adds that despite a potential record com crop, the estimated 1979-80 domestic use of 4.87 billion bushels and exports as high as 2.4 billion bushels would SEPTEMBER FAIR DAYS SALE Stihl®, Model SG-17 Mistblower END OF SEASON CLEARANCE SAVE sss WE SEULTHE WORLD'S LARGEST SELLING ClMi SAW ShM* didn t get to be - But if your Suhl saw men in the business are the worlds largest selling ever needs a tune-up here to help Come by chamsawwithaproduct maybe a spark plug or and see theworld s hnest that needs more service |ust a once-over the best chain saw Or come by tor than it gives factory trained service- repairs on all the others SEE THE STIHL PRODUCTS ON DISPLAY AND DEMONSTRATED AT THE EPHRATA FAIR. SEPT. 25-28. LOCATED IN TENT CITY. WES STAUFFER SMALL ENGINES R.D. 3, EPHRATA, PA 717-733-9174 or 717-733-0809 Va Mi. S. of Rt. 322 on Pleasant Valley Rd., Ephrata Exit, New Rt. 222 Little fluctuation seen in com market lower the com carryover of 1.01 billion bushels on September 30, 1979 by 160 million bushels. “While prices may rise enough to release reserves again during the coming season, this is not likely to occur until late in the 1979-80 marketing year if the current production estimate holds or is raised further,” he says. The economist says there is also only a very limited possibility of a feed gram set-aside in 1980. But he adds that a small set-aside may go into effect, should the 1979 com harvest exceed 7.2 billion bushels. “We could still have a reduced com crop this year if an early freeze or frost were to affect a large part of the Com Belt,” Gallat says. “This year’s crop is behind average development and could be vulnerable to an early frost.” Gallat explains that should a frost cut the 1979 crop to 6.67 billion bushels, and prospective exports hold at 2.4 billion bushels, the carryover on September 30, 1980 could fall below 700 million bushels, even with reduced feeding in the United States. “The price potential would be explosive under such circumstances,” he says, Model 015 L Model 020AVP WE FIX ALLTHE OTHERS. STIHL adding, “new seasonal peak prices would be established quickly to fully reflect the tight world feed grain balance.” Regarding the effect feed gram policies will have on com prices, Gallat says the 1980 support price for com will most likely be pushed into the $2.10 to $2.20 per bushel range. _ Binkley and Hurst Brothers, 133 Rothsville Sta tion Road, Lititz, has receiv ed its first shipment of the new Case 90 Series four wheel drive tractors. Area farm families are invited to stop by and check out the new models, according to Leonard Hurst. “The tractors represent the latest step in the develop ment of a new generation of tractors by J I Case Com pany,” Hurst stated. “All three models - the 4490,4690 and 4890 - are powered by turbocharged diesel engmes, designed for high production farming,” he said. Other features of the new tractors that will interest fanners, include: A 12-speed range power shift transmission that offers four separate speed ranges, with three power shifts in each range. The tractor HEAD OUTCUTS ALL OTHERS. SEE US BEFORE YOU BUY 1 ihl Model 031 AV with Quickstep* “We believe that the minimum reserve release price will be $2.70 to $2.80 per bushel and the price at which loans are called will be $3.00 to $3.20 per bushel,” he says. However, he adds that the big question is whether or not the higher reserve release prices will go into effect as soon as the decision New 4-wheel tractors arrive operator does not have to stop the tractor when shif ting within any of the speed ranges. Solid state electronics that give added precision and control to the Case system of selective steering. Instead of bending in the middle, Case four-wheel drive tractors are steered by turning the front wheels or the rear wheels, or both front and rear wheels at the same tune. The operator simply flicks a switch to select the Hostetter enters Holstein in World Dairy Expo ANNVILLE - Dale E. Hostetter, Annville, has entered the Holstein show at the 1979 World Dairy Expo, an international trade show for dairy farmers, which will be held October 3-7 at the f Dane County Exposition ’Center in Madison, > Wisconsin. Programming for the cattle shows includes: Oc tober 3- Jr. Ayrshire, Jersey, and Milking Shorthorns. October 4- Ayrshire (young animals), Guernsey, and Brown Swiss (young animals). October 5- Ayr shire (milking classes), Brown Swiss (milking classes), and Holstein (young animals). October 6- Holstem (milking classes). In addition to the cattle shows, World Dairy Expo will feature national in tercollegiate and 4-H judging contests, the Cook ‘n’ Craft Show, and hundreds of WE HA¥ PIPELINE MILKED Saves time, trouble, bucket scrubbing. The whole sys tem cleans in place De Laval 'Soft-Touch Milker units get all the milk All the convenience of pipeline milking at a price you can afford. Call us today. Uncaster Fanning, Saturday, September 22,1979 to hike them is made, or only for the 1980 crop. The current reserve release price is $2.50 per bushel. If the release price is increased and put into effect m September or October 1979, Gallat says it is unlikely the average farm price, currently about $2.40 per bushel, will fall much steering mode best suited for the particular operation. A new, closed center hydraulic system that allows the operator to select the ex act flow rate required for the most efficient operator of any implement or accessory. Non-metalhc, non-rusting hoods that are unlatched by hand and lift forward to pro vide maximum access to the engine compartment for routme maintenance. Cabs designed to give the exhibits displaying equip ment and services in valuable to today’s dairy farmer. Drawings will be held daily for door prizes, New guide for Roundup herbicide ST. LOUIS, Mo. - A new complete twelve page booklet describing the use of Roundup herbicide for broad spectrum weed control has been published by Monsanto Agricultural Products Company. The full-color illustrated guide describes annual and perennial weeds controlled, guidelines for use, including mixing and application, directions for use m 12 cropping systems, directions for non-crop uses, and discussion of minimum and ANY SIZE BAHN further below $2.50 per bushel. “Barring any serious breakdown in transportation or loading at ports, corn prices in mid-August should be very near seasonal lows, especially in the futures market and in locations close to export facilities where old crop stocks are very low,” Gallat concludes. operator maximum visibili ty to the front, sides and rear of the tractor. Cab noise in the 90 Series tractors has been reduced to a manufac turer’s estimate of 78 dßa. The tractors can be equip* ped with a number of options to meet individual owner needs and preferences. In cluded are a “President’s Chair” and a telescoping steermg wheel that lets the operator tailor his driving position to his liking. which will include a Hawaiian vacation for two, and a 1980 pick-up truck. Exhibits will be open from 8:00 A.M. to 5 P.M. daily. available no-till systems and chemical fallow. A copy of the guide for Roundup herbicide is available upon request by writing to Dept. C3SA, Monsanto Agricultural Products Company, 800 N. Lindbergh Blvd., St. Louis, Missouri 63166. DE LAVAL A A l 111 FOil
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