AlB—Lancaster Farming, Saturday, August 16,1980
WASHINGTON, DC -
Things are looking up for
cow-calf cattle producers for
the rest of 1980 and the first
quarter of 1981, but for
stockers, feeders and
packers the short-term
outlook is a bit shake>
That’s the consensus of
four top livestock
economists participating in
a- “cattle cycle forum”
sponsored bv the American
Farm Bureau Federation
Participating in the forum
were Glenn Grimes,
professor of agricultural
economics at the University
of Missouri, Wayne D.
Purcell, professor of
agricultural economics at
Virginia Polytechnic In
stitute; Robert J Reierson,
agricultural economist
consultant and former
corporate economist for
Monfort of Colorado, and
Edward Uvacek Jr ,
livestock marketing
economist and associate
professor at Texas A&M
University
For the next three or four
DANIEL SCHRACK BREAKS
9 TON ALFALFA BARRIER
L. to R.: A.A. Hansen, Waterman Loomis Co.
Daniel Schrack, Kevin Schrack winners
Plant
WL
WL
LOOKING FORWARD TO SEEING YOU AT
AG PROGRESS DAYS
Better prices
years, the cow-calf operator
should be in a profitable
position, but cattle feeders
will face slim profits due to
excess finishing capacity
The July 1 cattle inventory
report issued by the US
Department of Agriculture
on July 28 showed that the
1980 calf crop is up six
percent over last year While
the economists questioned
the accuracy of the increase,
they agreed that the 1980 calf
crop is larger
While the expansion phase
of the cattle cycle is nor
mally a profitable time for
cow-calf producers, the
economists stressed that
risk-management is the key
to profitability in the future
The economists agreed
that the current rate of
growth in the national herd
is large, based on the July 1
report, and the industry will
be in trouble if this rate of
growth continues for several
years
They said a less than two
percent rate of growth in
beef cow numbers for a
311
219
BEACHLEY-HARDY
FIELD and GRASS SEEDS
period of several veai s c mild
be tolerated but that a rate of
growth in excess of two
percent for several years
would mean trouble, given
the outlook for beef demand
The indications are that in
1984 and 1985. there could be
an excessive oversupply of
red meat if the beef and r., -t
from Lebanon County
participated in Penn State 4-
H Achievement Days this
week at the Campus
Megan Connor, 410 Davis
Lane, Lebanon; Janet
Brandt, 333 E. Locust Street,
Lebanon, and Lorah
Spangler, 401 South College
Street, Myerstown all
received blue ribbons.
Shannon Johnson, R 4
Lebanon, placed first in the
Senior Girl Physical Fitness
4 of the top 6 Champions
Penn State
alfalfa growing
contest average
of 4 WL winners
8 08 Tons Hay Per Acre
3120 Lbs Crude Protein
9335 Lbs TON Per Acre
Distributed by
Shiremanstown Pa 17091
Other feeders see slim times
predicted for cow-calf operators
Lebanon
UNIVERSITY PARK
Thirty-one 4-H members
The Lebanon Foodarama
team brought home first
place honors to the County
Members of that team
9.16 TONS
ALFALFA YIELD
IN 1979
PENNSYLVANIA
ALFALFA GROWING
CONTEST USING
WL-311
(Clinton County, Pennsylvania)
MPR
WL3I2
WL3IB
cycles peak at the same
time, similar to the situation
that occurred in late 1973 and
early 1974 Beef and pork
producers must do a better
job of managing herd ex
pansion to avoid glutting the
market with price
depressing supplies of red
meat, the economists said
4-H’ers win
competition
Other honors brought
home to Lebanon County
were
Clothing judging Blue
Fawn Showers, R 7 Lebanon,
and Diane Smith, Rexmont.
Physical fitness, Senior
girl. 4. Karen Hoke,
Lebanon; Junior girl: 3.
Bonnie Bordner, Lebanon.
Entomology judging
teams. Lebanon’s team
consisting of Bruce
Hellenck, Erik SUldorff and
Jon Fetter placed 2nd and
Jon Fetter, Lebanon, placed
fourth as an individual
Lebanon’s team placed
tenth in the horse judging
team competition
WITH
-MULTIPLE PEST
RESISTANCE
The forum will meet again developments of the cattle
in early 1981 to review the cycle and the economic
cattle situation and track the implications for producers
&
\S
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AT AG PROGRESS DAYS
AUGUST 19-21
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Manager
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67 Roland Ave
Chambarsburg, PA 17201
7i7-264-3«i4 Delaware
Distributors
Pennsylvania
Donald Everitt
Mttflintown
717-436-2561
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Hooetdsle
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