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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 04, 1983
Page
26
Old crop and new crop prices listed at 1.78 with steady quotes. Pro Former Grain in Cedar Rapids provides the quotations by phone, contact 396-7978.
Wilson Foods Cedar Rapids offers discounts on hogs by weight from 190 to over 290 pounds with reductions up to $1 per pound for heavier lots. Market reports note light trading, mixed prices, and steady long-term tone with various regional price quotes and delivery minutes.
A brief Chicago livestock futures update notes trading activity in cattle and hog markets. Market movers include wholesale traders and farmers watching price shifts, with reports of steady demand and provisional quotes shaping day to day decisions.
Joliet livestock report notes gently active hogs and steady gilts and barrows with weights 215 to 260 pounds fetching 45.00 to 46.00 per cwt. Sows steady near 39.00. Cattle market not tested due to insufficient numbers in any class.
The report outlines weights and classes for cattle hogs and sows, with bids and price ranges. It notes steady to lower trends in buyers for sows and cattle and calves referenced at about 200 to 260 pounds and 300 to 650 pounds with various price points.
Steffens Farm Supply Inc a Oxford Junction filed for Chapter 7 bankruptcy in Cedar Rapids listing debts over 98000 to six creditors. The Agriculture Department announced talks with the Soviet Union on a possible long term grain agreement would resume in Moscow with tentative talks set for June 20. Rice farmers will receive about 40.3 million hundredweight of surplus rice in exchange for cutting acreage.
Rep. Virginia Smith announced Iowa and Nebraska will join Illinois and Indiana in an experimental federal popcorn crop insurance program for 1984. Nebraska and Illinois are top producers, with 247000 acres valued at about 103 million dollars in 1981.
A federal judge in Columbia South Carolina ordered the USDA to stop collecting a 50 cent per 100 pounds milk fee and to return more than $21 million to dairy farmers. Judge Matthew Perry said the charges were imposed improperly and noted the government may appeal.
The House Appropriations Committee approved a 1984 farm and food programs bill worth 34 billion dollars, exceeding some administration recommendations in several areas. The measure funds the food stamp program for 11 months and raises farm price support and housing credit ceilings, drawing criticism from Budget Director Stockman but earning bipartisan support. It also mirrors the House budget blueprint and covers Agriculture as well as FDA, the CFTC, and the Farm Credit Administration, with total agency spending over 40 billion dollars this year.
At the 19th National Lamb and Wool Show in Sioux Falls Iowa’s Bill Rinehart earned reserve overall winner honors amid 200 producers and 650 head. The event features top prizewinners from eight states with notes on carcass evaluations and evolving lamb quality.
Iowa and Nebraska show high planting completion but slow emergence and germination. Experts caution against panic as warm June weather and favorable pollination could still yield top corn despite a late start and regional delays in states like Ohio Indiana and Illinois.
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