Wheat prices to rise seasonally as harvest ends
The Agriculture Department expects farm wheat prices to firm after harvest finishes and storage becomes available, with 1977 prices likely near the $2.25 loan rate. Loans and extended protection may lower market supply, while a potential $2.90 target could yield about 70 cents a bushel in deficiency payments if market averages stay weak.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Outlook Board
House of Representatives
Senate
World Championship Show Attracts AMQHA Equestrians
Eager young riders from the United States Canada and Australia gather at Expo Square Tulsa for the American Junior Quarter Horse Association World Championship Show and Convention Entries total 1338 a record attendance for the six year old event Finalists in 27 events including calf roping and hunt seat will win awards exceeding 30000 with 27 silver inlaid belt buckles as world champions George Runquist Nashville will perform during the championship finals with organ guitar and trumpet sessions
MENTIONED IN THIS ARTICLE
U.S
Canada
Australia
Expo Square
Tulsa
AJQHA
Tom Wolf
Williamston
Michigan
Fairgrounds Coliseum
George Runquist
Nashville
Runquist
Madison Square Garden
Biomass agriculture eyed as potential energy source
The Agriculture Department notes biomass crops like corn and sugar cane could supply up to 10 percent of U.S. energy if 100 million acres were devoted to biomass production by 1985, but costs and efficiency lag behind crude oil. Officials say up to 110 million more acres could enter production by 1985 with incentives, though economics remain challenging. Separately, fishing limits around U.S. and Soviet shores may raise Japanese poultry demand, aiding U.S. exports of poultry and feed as consumers shift to chicken over fish.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
The
Economic Research Service
U.S
Japan
Department’s
Foreign Agricultural Service
Farmers trim cattle herds as beef demand falters
A mid year USDA survey shows cattle inventories slipping with July 1 totals at 130.6 million head, down 2 percent from a year earlier. Cows and calves on hand fall 3 percent to 52.3 million, while the 1977 calf crop is projected at 46.1 million, 3 percent below 1976. Dairy stockpiles rise as USDA boosts butter cheese and nonfat dry milk purchases to support milk prices.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
USDA
Commodity Credit Corporation
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