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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 27, 1968
Page
9
Freeman kept 1968 feed grain rules for 1969 with barley added to the diversion rule. Corn and sorghum price support loans and payments stay the same. barley loans rise to 8 cents a bushel with 20 cents direct payments. Dairy actions extend price floor orders and retain $4.28 manufacturing support. Hardin may face pressure to lift to $4.42.
A U S agriculture official urges replacing traditional animal power with modern farm machinery to exploit high yielding seed like IR8 rice in South Vietnam. Rapid harvesting, tillage, and irrigation-enabled crops could lift yields from two to seven tons per hectare depending on machinery access and policies.
Ames reports in 1968 fed cattle prices averaged about 1.50 per cwt higher than 1967 despite a 3 percent rise in domestic beef production and a 20 percent boost in imports. Chicago Choice steers averaged 27.65 cwt vs 26.44 in 1967. Iowa direct sales ranged 25.50 to 28.00 cwt. Futrell cites strong consumer demand and lighter slaughter weights as key factors. 1969 outlook projects 5-7 percent higher marketings but competitive pork and broilers may pressure prices.
Iowa State University expert Gene Futrell notes U S shipments under the Food for Peace Program changed little. He cites last year exports at 1.602 billion dollars, down from 1.616 billion in 1965-66, with restraint on federal budgets limiting further aid.
A series of closing out and livestock sales listed by date with auctions near Cedar Rapids Lisbon Monticello Blairstown Springville Keystone and other towns. Entries name buyers sellers times and site directions including farms 12 miles 14 miles and 10 miles references with items such as livestock machinery hay grain and real estate.
Waterloo area livestock specialist Eldon Hans warns that January 7 is the closing date to register for the Waterloo extension feeders short course. The two day school will be held January 13 and 14 at the Clayton House in Waterloo.
Brown Swiss cow Pauls Ruby of Decorah owned by Louis and Bill Elpert is recognized for lifetime production of 108540 pounds of milk and 4310 pounds of butterfat over 2821 days in milk by the breed association.
The administration aims to lower price support for soybeans from 2.50 to 2.10 2.25 per bushel. A reduced price is expected to cut production and aid exports while heightening competition from other oilseed crops. Carryover and output forecasts are outlined for the upcoming marketing year.
Washington AP reports that total farm commodity futures trading in 1968 was 15.7 million contracts, about four percent below 1967, with an estimated value near 60.8 billion dollars. Wheat and corn each reached 8.3 billion bushels, soybeans fell to 4.8 billion, and cotton surpassed 24.1 million bales, while frozen pork bellies traded for the first time under CEA regulation.
Iowa Poultry Association plans a 1969 bill authorizing a check-off fund. Egg buyers would withhold up to 2 cents per case, funds to the Iowa Poultry and Poultry Products Fund under the agriculture department. Proponents cite industry marketing needs. producers can request refunds, with renewals by referendum every three and five years. MARENGO note on county extension council meeting follows.
Manchester notes the West Delaware adult farmer evening class will meet Monday January 6 to discuss USDA programs. Instructor Garland Aschacher outlines the topic to members.
The piece argues Congress should resist heavy import limits as farm exports rely on foreign buyers. It notes farmers benefit from trade and cites that in the last fiscal year U S farm exports accounted for large shares of rice wheat cotton hides corn soybeans and tobacco. A strong protectionist policy could deprive farmers of essential markets and raise costs.
Washington reports U S cotton exports for the coming year will drop about 21 percent from the prior year. The decline marks a second straight year lower exports as U S farmers share about one fifth of the world market due to poor crops, acreage controls, and competition from foreign cotton and synthetics.
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