Wisner Warns of Possible Corn Over-Production in 1975
Iowa State economist Bob Wisner told about 500 Canadian farmers during Ontario Farm Week in Ridgetown that U S and North American corn yields near normal could leave supplies well above livestock needs. He warned of downward price pressure late in 1975 and into 1976 and urged cautious forward pricing and hedging as weather and input fears drive markets.
MENTIONED IN THIS ARTICLE
Ames
Iowa State University
Bob Wisner
Wisner
Ontario
Ridgetown
Economist
Farm News Reports Drop in World Feed Grain Production
The article notes that 50 percent of the season's global feed grain decline occurred in the United States and Canada. It cites Wisner on expected reductions in grain consuming animals and feeding rates, possible lag in recovery, weather as a price determinant, and regional drought patterns. Auction and farm sale details follow for late June to February events.
MENTIONED IN THIS ARTICLE
United States
Canada
U. S
Wisner
Panic as Wheat Prices Plunge Sparks Call to Hold
Kansas City traders and farm leaders warn against panic selling after a sharp drop in wheat futures on the Kansas City Board of Trade and Chicago markets. Ron Johnson notes a $1.78 May decline, while officials blame higher 1974 corn and soybean output and urge growers to hold grain until prices recover.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
UPE
Kanaan
Kansas City
Chicago
Ron Johnson
Kansas City Board of Trade Grain Market Review
Kansas Mern Bureau
Johnson
Directors React to American Beef Collapse Surprise
Omaha AP report shows Herman Myers Jr describes director reaction as surprise and concern as American Beef Packers faced credit cutoff from GE Credit Corp. Board notes discuss possible Chapter One filing and plans to liquidate assets while management pledges to seek credit and restructure. Myers claims confidence in future despite upheaval.
MENTIONED IN THIS ARTICLE
OMAHA
American Beef Packers, Inc
Herman Myers
Caigern
General Electric Credit Corp
Myera
Coniinental General Insurance Co
Myers
Securities and Exchange Commission
Meney
Myer
American Beef Cattlemen Told To Get Lawyers
Omaha officials of a federal bankruptcy court advise livestock feeders holding checks or unpaid for cattle sold to American Beef Parkers Inc to file a reclamation action. No deadline given. The National Livestock Feeders Association urges producers in similar trouble to call 1 402 741 5427.
MENTIONED IN THIS ARTICLE
Omaha
API
Federal Bankruptcy Court
American Beef Parkers, Inc
Federal Courthouse
National Livestock Feeders
Alsn
Association
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