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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 02, 1978
Page
12
USDA analysts say hog prices may tumble to the mid thirtys by summer and low thirties next fall as pork production rises about 10 percent. January hog prices were 43.90 per hundredweight while corn held at 1.96 a bushel amid ample corn stocks and growing hog inventories.
The American Soybean Association urged the U S Treasury to reconsider World Bank palm oil loan subsidies. ASA President Nick Rose in Kuala Lumpur argued palm oil competes with soybeans and could worsen America’s balance of payments and weaken the dollar. He urged protest and congressional action against such funding.
A sequence of farm auctions and sales is listed with dates from Friday February 3 through Saturday February 25. Entries include auction times, acreage or head counts, commodities, and land or town references such as Center Point, Van Horne, Worthington, Shellsburg, Fayette, Olin, Atkins, Mechanicsville, Winthrop, Coggan, Midway, Walker, Cresco, Independence, Alburnett and Center Point areas. Participants include John Hofmann Louis Pieper Tom Ament Leonard Hamer A.W. Martin and Sons Byron Darrow Charles Hagan Wilbur Johnson Ray Spaight Estate Merlyn McIlrath Allen Jeff Morris Nick Hamling Aliban Bieber.
Kirkwood Community College sponsors new team livestock judging at Swine Expo 78 in Cedar Rapids with 4 H FFA and junior college teams. About 500 students expected. oral reasons required for college division. Cattle and sheep judged at Kirkwood arena then swine at Hawkeye Downs.
Rep. Charles Grassley told a House Agriculture Committee hearing that the Soviet Union bought grain via futures from European subsidiaries before negotiations with the United States. He linked currency depreciation to the financing and questioned USDA awareness and public disclosure. Grassley said he would request a detailed written response from Agriculture Secretary Bergland.
Iowa’s 1977 county harvest totals show Kossuth with 26.034 million bushels at 98 bushels per acre while Clayton yields 127.7 bushels per acre from 17.451 million harvested. Other over 20 million producers include Woodbury Clinton Cedar Pottawattamie Plymouth and Fayette. Statewide total reaches 1.091 billion bushels with 88 bushels per acre average. ON THIS DATE in 1848 Mexico ceded vast lands to the United States for 15 million dollars.
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