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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 20, 1982
Page
25
Market notes from Cedar Rapids indicate steady to higher corn and beans, oats up slightly, and hogs trading heavy with discounts for weight. Eggs and poultry offer mixed signals as floor stocks remain adequate and prices vary by location.
Friday hog bids ranged roughly from 1.00 to 1.90 with active butchers. No 1-2 210 lb hogs traded around 50.50 to 51.50, while cows and cattle saw prices mostly between 45.00 and 46.00 with limited demand. Joliet area livestock activity noted with several sloughier cattle and scarce faughter classes.
Everett Rink of the USDA says farmers who skip the corn set-aside by April 16 could see prices fall by about a dollar per bushel. He warns the program will not be reopened, citing a Reagan precedent. USDA Chief Economist Dawson Ahalt notes no aim to depress grain prices to coerce signup.
Kirkwood College advisory panel discussed bridging gaps between vocational and traditional college students. Members urged more arts exposure for agriculture pupils and planned a future forum on a farm topic with public participation. Livestock students will host a pork industry event while Hoof and Horn Club holds a 6 p.m. feeding and fitting demo for 4 H and FFA students in Washington Hall.
Kinze Manufacturing Co in Williamsburg ships three eight row planters to the Soviet Union, destined for Leningrad via Chicago and Frankfurt. The sale marks a post embargo restart as Kinze highlights a February 1981 model with heavier frames for no till operations and potential expansion to 15 rows. The export push includes plans for 100 planters to South Africa and prior Asian shipments.
The Omaha Bank for Cooperatives lends 6.5 million to Agri Industries of Des Moines for a 2 million bushel corn sale to Russia. Russians repay within 150 days at 15 7/16 percent interest. Agri Industries serves 130 000 farm families across eight states and 330 member elevators.
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