Mr- Lancaster Farming, Saturday, January 3,1981
SAN LUIS OBISPO, Cal. -
Last spring’s tight
agricultural credit and high
interest rates should have
Livestock market
and auction news
Weekly
Summary
Friday, January 2
Report supplied by PDA
CATTLE: 2991 Compared
with 2440 head last week, and
2887 head a year ago.
Compared with last Friday’s
market: Slaughter steers &
bulls unevenly steady; Si.
heifers, Cows & Bullocks
1.00-2.00 lower. SI. steers:
High Choice & Prime No. 3-4,
65.85-69.00; Choice No. 2-4,
65.25-69.25, Good 58.00-64.75; FEEDER PIGS; 700.
Standard 52.00-58.00. SI. Compared with 1311 head
heifers: Choice 62.75-64.75; last week and 1073 a year
Good 55.00-62.50; Standard ago. Steady to weak. US No.
50.00- SI. cows: Utility 1-3 20-35 lbs. 8.00-20.00 per
& Commercial 44.5049.50; head; No. 1-3 35-50 lbs. 18.00-
Cutters 43.0047.00; Canner& 30.OO; No. 1-3 1540 lbs. 2.00-
L. Cutter 38.0043.50; Shells 13.50.
down to 26.50. SI. Bullocks: GRADED FEEDER
Choice 63.00-68.75; Good pigs- 2740. Compared with
55.00- SI. bulls: Yield 1070 head last week, and 2302
Grade No. 1, 1000-2200 lbs head a year ago. All sales by
56.00- few down to CWT. Feeder Pigs highly
48.00; Yield Grade No. 2, uneven, extremes 8.00
1000-1600 lbs. 51.00-56,50. higher to 11.00 lower. US No.
CALVES: 2028. Compared 1-2 3040 lbs. 60.00-87.00,40-50
with 2281 head last week and lbs 60.00-86.00, 50-60 lbs.
2008 bead a year ago. 53.00-70.50, 60-95 lbs. 48 00-
Vealers steady to 5.00 lower, 64.50, US No. 2-3 3040 lbs.
spots 10.00 lower. Few Prune 35.0031.00, 40-50 lbs 40.00-
100.00- Choice 90.00- 63.00,50-75 lbs. 35.0046.00
108.00; Good 75.00-95.00 ; 90- SHEEP 384 Compared
120 lbs. 65.00-75 00 ; 60-90 lbs. with 338 head last week and
50-100 lbs. 125 head a year ago Wooled
40.00- si iambs uneven Choice 70-
FARM CALVES- Hoi. 110 1b5._59.00-69.00, Good 60-
Bulls 80-130 lbs. 70.00-111.00, no lbs. 45.00-60.00. Few SI
mostly 80 00-104.00; Hoi ewes. 14.00-36.00
WIC BEDDING-CHOPPER
a ★ CUT YOUR BEDDING
jjei TIME IN HALF!
★ Will Chop up To 60
Bales Per Hour
* ★ Available With Battery
or Gasoline Engine
CREUTZBURG, INC*
Livestock Supplies
Phone 717-768-7181
Open Daily - 8 to 5; Saturday 8 to 12
★ PRODUCTS ARE AVAILABLE BY MAIL
Send For CREUTZBURG, INC.
FREE CATALOG: Lincoln Highway East, Box 7
Paradise, PA 17562
NAME .
STREET
CITY
STATE
Tight credit teaches farm management lessons
taught the nation’s tanners
some important
management lessons said
Marvin Duncan, assistant
Heifers 80-175 lbs. 75.00-
168.00, mostly 90.00-130,00.
HOGS: 4787 Compared
with 5906 head last week and
4809 head a year ago.
Barrows and gilts 1.00-3.00
lower. US No. 1-2 200-245 lbs.
44.50-48.50 No. 1-3 200-250 lbs.
43.00- No. 2-3 190-270
lbs. 41.00-44.50. Few No. 1-3
140-190 lbs. 28.00-38.00; Sows
1.00- higher. US No. 1-3
300-575 lbs. 36.50-43.50; No. 2-
3 300-650 lbs. 33 00-38.00.
Boars 28.00-35.00.
ZIP
vice president and
economist with the Kansas
City Federal Reserve Bank,
here at the recent Livestock
Marketing Congress ‘BO.
Duncan was speaking to
Session Two of this year’s
Congress, whose theme was
“Money, Energy and Con
sumer Demand: Seeking A
Management Strategy. ”
Also speaking at this
Session was George Hick
man, senior vice president
with the Sacramento,
California, Bank for
Cooperatives. Hickman told
his audience that there were
several things they could do
to keep their financing costs
down.
The lessons farmers
should have learned, Duncan
said, include:
—Farm borrowers will
experience continued
SCS has
jobs for
LANCASTER - The Soil
Conservation Service,
USDA, is offering summer
jobs to students who have
completed at least one year
of college and are majoring
in an agricultural field, like
engineering, agronomy,
biology, forestry, or en
vironmental resource
management.
The student trainee
program is involved with the
conservation of soil and
water As a summer em
ployee with SCS, students
are offered positions during
POURED SOLID
CONCRETE
STORAGE SYSTEMS
'* V
Increase Your Volume
By In-Ground Storage
CONCRETE WORK, INC.
410 Main St. • Akron, PA 17501 • (717) 859-2074 or 733-9196
fluctuation in interest rates,
due to increasing farm
demand and the changed
regulatory climate for banks
and other money maikets.
Farmers will increasingly
compete with other credit
users for loan funds, thus
driving up interest rates.
—Many of the nation’s
large commercial farms
apparently have less
resiliency to withstand
periods of economic ad
versity than many had
realized. Many of these
farms are not diversified,
and must now
reassess the use of leverage
and of product
specialization.
—Energy prices, tran
sportation problems and
lack of irrigation water are
changing the long-term
economics of fanning, and
summer
students
eacn auimiiex vacation ana
are eligible for full-time
placement upon graduation
While on the job, students
will be assisting SCS con
servationists, engineers, soil
scientists and plant scien
tists in the techmical aspects
of soil and water con
servation
For more information,
contact the local SCS office
or write Personnel Officer,
Soil Conservation Service,
Federal Building & US
Courthouse, Box 985 Federal
Square Station, Harrisburg,
PA 17108
:/
Any Size
JBalmer Biros*
adding new dimensions and
importance to firm farm
financial planning.
Noting the rapid increase
of government credit aid to
farmers, Duncan said it is
probably time for a
thoughtful evaluation of this
assistance.
Hickman advised his
audience to negotiate with
their lender before settling
on an interest rate, and to
become aware of financing
alternatives outside the
commercial banking
system, such as savings and
loans, life insurance com
panies and the commercial
ilage Pit Walls
lanure Pit Walls
staining Walls
paper market.
Noting that in our
economy, prices received
are the “signals” that tell
producers when to expand oi
cutback, Hickman said he
was concerned that “We
may be sending the wror%
kinds of signals to producers
through the proliferation of
credit programs.”
Asked how farmers could
do a better job of marketing
and distributing their
products; Hickman
suggested consideration of
vertical integration,
hedging, and selling through
forward contracts.