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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 07, 1982
Page
25
Cedar Rapids and Waterloo markets show hogs priced around 49.50 while oats and beans move with mixed futures. Reports note steady to slightly lower cash corn and soybeans with receipts and demand varying by market region.
Slaughter steers remain active with gains up to 1.00 higher and prices mainly in the 68.00 to 69.25 range for choice No 2-4 350 lb to 900-1100 lb cattle. Sows and feeder cattle show varied movement as lambs and ewes hold steady amid moderate trade. total receipts near 6000 head.
Mil waukee farm broker Richard A. Brock told a Cedar Rapids seminar that current rallies in livestock and grain could spur extra corn planting and depress prices later. He notes soybeans may rally soon, cattle and hog prices could rise into summer, but land prices decline and federal programs loom.
The Joint Agricultural Weather Facility reports storms from March 29 to April 4 halted field work and crop planting, with corn sorghum and cotton among affected. Winter wheat remains in mostly good condition overall, with Kansas and Oklahoma showing good to excellent yields and corn planting advancing in Virginia and Kansas. Progress ranged from 16 percent in North Carolina to 79 percent in Georgia.
Richard Brock of Richard A. Brock and Associates in Milwaukee argues farmers should use selective hedging rather than seek constant high profits. He notes 75 percent of farm income comes from marketing decisions and warns against repeating last year's strategy. Brock advocates margin planning, forward contracting, and avoiding fear or greed in decisions.
Local city briefs list preschool story hours at Main Library and Edgewood branch, church concerts, tours, fairs, and sales. Ads promote oxygen equipment, fur services, furniture discounts, a tulip festival, a Penn Dutch trip, and various community meetings and dinners. Event details include dates, times, locations, and contact numbers.
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