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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 23, 1982
Page
24
U S Department of Agriculture quarterly hog and pig report surprised traders by showing reduced inventories and lower farrowing plans. Analysts differ on prices with some bullish longer term, while the market shifts to neutral or bearish near term. Iowa and national figures show declines in hogs breeding stock and farrowings.
Midwest markets report Cedar Rapids hog quotes at 57.50 to 59.00 with higher Tuesday and Wilson discounts by weight. Lamb quotes near 56 to 58 dollars, with hours 7 a.m. to 10 p.m. Also grain bid updates No 2 corn at 2.68, soybeans around 6.27, and eggs and cattle figures from the same market area.
CBOT notes Monday sales totaling 17 334 contracts with open interest at 45 900 up 1 505. Settlement prices are recorded on close. Open interest is reported by CBOT in thousands of bushels.
Fred Strohbehn of Reinbeck operates a 1400 acre grain and livestock farm that includes 100 acres of asparagus. His family markets the crop directly from a refrigerated truck in Cedar Rapids, Rochester, and Des Moines, with markets at Farmers Markets in Cedar Rapids and other cities. He notes long term investment and superior quality of home grown asparagus, cut above ground, as key advantages over California competition.
Vinton resident Bryan Geater 19 earned the state petroleum power title for restoring four antique tractors and now plans to build a roadster using a 1923 Model T body and parts from a 1968 Ford Fairlane and a 1940 pickup. He works at Moore's Manufacturing, studies at Iowa State University, and leads the Harrison Willing Workers 4-H club.
United Press International reports roughly two million cotton acres in the Texas High and Rolling Plains damaged by seedling disease and hail. County agents in Donley Briscoe Hall Lamb Lubbock Hockley and Lynn counties confirm 540000 acres already lost and not to be replanted.
Notices announce probate of wills for Sadie Haddy Marvel Steinke Rose Mackey and Rose Mackey with executors named James J Jensen Sr Phyllis J Mackey and Clark Haddy Andrew Haddy plus a notice of real estate contract forfeiture by Jeffry Intlekofen for Hawes property. Dates June 1982 and locations Cedar Rapids Linn County Iowa. creditors and heirs urged to file claims within six months.
Unseasonably warm dry weather slows spring grain growth in the Soviet New Lands, triggering a fourth poor harvest and likely increased grain imports. The Joint Agricultural Weather Facility notes early growth is poor in areas dry for weeks, with rain needed soon. The affected belt runs from Orenburg to Omsk and Pavlodar through Kustanay.
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