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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 02, 1982
Page
28
Wilson Food of Rapids bids hogs at 48.00 to 49.50 with steady to higher light weight discounts noted. Prices for woo and shorn wool rise. corn and soybeans quoted for delivery to Rapids Processors with April corn at 2.57 and May at 2.60. Oats and soybeans provided by Pro Farmer Program Cedar Rapids.
The Federal State Market News Service reports light trading for live hens and eggs with off farm movement continuing. Prices at farm show little change with weak sentiment and irregular demand. Hogs show tight demand and steady receipts. Grain futures list No 2 hard red wheat near 3.69, corn around 2.73, oats near 2.18, and soybeans around 6.32.
Livestock futures finish sharply higher as prices trend upward on the close. Traders note firm demand for cattle and hogs with notable gains in nearby contracts and improved pull to end the session.
Thursday livestock report shows moderate activity with cattle and hogs uneven. Cattle under 250 lb down 1.75, cows higher, bulls steady. hogs around 350 to 400 lb slow with sows steady to 50 cents lower. light buyer interest persists as market trends remain uncertain.
Marvin Meeks, national chairman of the American Agriculture Movement, joined the National Farmers Organization during a whistle stop tour of Michigan. Leland Townsend of Dansville, a national director of National Farmers and longtime AAM member, encouraged the affiliation and said Meeks signed on immediately. Townsend added that each farm group serves different aims and that broad support benefits agriculture and price issues.
Swine Expo 83 at Hawkeye Downs in Cedar Rapids runs February 10 to 12. Rules call for rate of gain and derby hogs born after Sept 1 and under 30 pounds by Oct 1, with central test hogs delivered Oct 19 from Dick Juhl farm Mechanicsville weighing 50 to 70 pounds. Juhl chairs the planning committee with vice chair Tom Siver and secretary treasurer Eldon Hans.
The Iowa Farmers Union will present findings from a three month probe of Farmers Home lending activities to Bob Pim urging action to stop harmful practices. The study cites delayed financing up to five months and cases where borrowers quit farming or faced unfair treatment across county offices.
More than 20 000 tons of potash drew visitors to a Saskatchewan Potash Corp open house near Fort Dodge. The potash, mined in Canada, arrives by rail and is used in farm fertilizer at the facility.
A House Agriculture subcommittee backed a four year reauthorization of the Commodity Futures Trading Commission, sending the bill to the full committee. The panel also endorsed an agreement with the SEC assigning exclusive futures jurisdiction to the CFTC and approved a Bedell amendment bringing stock index futures into a pilot on the Kansas City Board of Trade.
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