U.S. exports ringing up another record
WASHINGTON, D.C. - Far
mers will ring up record export
earnings this year despite a
sluggish world economy, high
interest rates, and 1980’s drought
reduced U.S. harvest.
Sales are likely to reach about
$46 billion in the 1981 trade year
ending this September 30, says
USDA analyst Steve Milmoe. That
doesn’t match some ot the earlier
forecasts, but it’s an impressive
$5.5 billion increase from 1980.
Higher prices for tarm com
modities will be mainly respon
sible for the rise in earnings,
although export volume is also
expected to set a record. Ship
ments of all products should total
about 167 million metric tons, up 3
million tons trom last year.
According to Milmoe, this in
crease in volume was already
achieved in the tirst 6 months ot
the trade year.
In the months ahead, U.S. grain
exports will tace stitt competition
from the recent harvests in
Argentina and Brazil. The two
countries produced about 14
million more tons ot teed grams
than last year, meaning a sharp
increase in exports. Also,
Argentine wheat may replace
some potential U.S. sales to Peru,
Chile, and Brazil.
As a result, U.S. grain sales will
probably slow down close to last
year’s pace. But with the gams
already made in the first half of the
trade year, combmed teed gram
and wheat export volume may top
114 million tons tor the entire year,
up from 108 million last year.
The anticipated mcrease in gram
sales is important because U.S.
exports ot soybean products are
taking a beating, Milmoe says.
European buymg picked up
recently, but total U.S. soybean
exports will probably end the year
about 3 million tons below 1980’s
volume ot nearly 24 million metric
tons. Dollar earnings are another
story. Export prices remain higher
than last year despite the bearish
effects of Brazil’s large harvest, so
U.S. sales ot soybeans and
products may equal last year’s
receipts.
it’s no surprise that Japan will
remain our top customer, spending
an estimated $6.9 billion on U.S.
tarm products, up trom $5.6 billion
last year. Japanese purchases ot
red meats, poultry, wheat, com,
and soybeans have been unusually
strong so far this year.
Mexico will be the number two
buyer, with estimated purchases ot
$2.9 billion, up almost $1 billion.
Principal items include corn, dried
beans, sorghum, soybeans, and
wheat.
U.S. sales to Western
Europe are expected to decline
slightly to about $12.1 billion this
year, while sales to Asia ($17.3
billion), Latin America ($7.3
billion), and Africa ($2.8 billion)
will be much higher than in 1980.
None of the export forecasts tor
this year are set in cement,
Milmoe says. Some of the factors
which may affect U.S. sales for the
remainder of the year include
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changes in economic activity here
and abroad, prospects tor the fall
harvest, Soviet purchase in
tentions, and currency exchange
rates.
Jittery financial markets are
Ask the
? vmd : Si
Leon Riegel
If you have a question you would
like to have answered by the team
of veterinarians at Valley Animal
Hospital, Palmyra, and Or. Tim
Trayer, Denver, send it to “Ask the
VMD”, Lancaster Farming
Newspaper, Box 366, Lititz, PA
17543. Questions will be kept
anonymous on request.
Cows eat ‘mud pies’
A reader asks;
My steers have started eatmg
the soil and mud m their feed lot.
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playing a bigger role in export
prospects than m the past. The
recent strengthening ot the U.S.
dollar means foreign products
become cheaper for U.S. con
sumers and American products
uM,omc more expensive abroad
There is feed available for them
which includes alfalfa, orchard
grass, hay, ground com, sodium
bicarbonate, trace mineral salt
and urea two times a day. A salt
block is always there for their use.
What could be causing them to eat
the soil’
Dr. Sheaffer Comments:
It is generally believed that
eating dirt and mud is a sign ot
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17-$2.72
21 -$3.36
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29 -$4.64
33 -$5.28
37 -$5.92
This can be an important factor in
farm exports, especially when the
U.S. isn’t the only country holding
exportable food supplies.
Another major uncertainty is the
USSR. The U.S. expects some
SyntheaMaas TimTrayer Edgar Sheaffer
phosphorus deficiency. However,
your cattle may need other
minerals as well. A list of such
minerals includes: iron, copper,
sulfur, cobalt, zinc, magnesium,
iodine, selenium, manganese.
Occasionally, cattle will eat soil
■ when no deficiency can be found.
Feeding high levels of one mineral
can produce the signs of a
deficiency disease of another.
For example, excess molyb
denum and sulfate in the feed
J. Cerbuhs
Boyertown
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Lancaster Farming, Saturday, July 18,1981—17
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additional gram sales before
September 30-the expiration date
of the current gram agreement
bat there’s little basis for
speculating on how much the
Soviets will buy.
produces a conditional copper
deficiency. High levels of urea in
the ration require that more sulfur
be added to the feed.
A phosphorus deficiency can be
produced m animals that are fed
excessive amounts of calcium m
the ration. High calcium intake
depresses the blood phosphorus
level. If this continues for any
length of tune m the cattle, they
will often seek phosphorus by
eating soil, chewing on metals,
pulling out plants by the roots or
even eating old bones if available.
We recommend having your feed
ration analysed for calcium,
phosphorus, and other minerals
each tune the feeding program is
changed. This is especially true
when forages (hay or silage) are
obtained from several sources.
12-$2.00
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