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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 07, 1982
Page
29
Wilson Foods Cedar Rapids quotes hogs at 53.50 to 54.50 and lambs at 62 to 64 as prices show slight declines. Wateroo Bath Packing cites 54.00 to 54.50 for market hogs with a higher Thursday, and Cedar Rapid area grain quotes move mixed with soybeans down and corn largely steady.
Regional market update shows steady to slow trading for eggs and dressed meats. Prices listed for Grade A eggs and various weights, plus cattle, hogs, and sheep values, with Iowa regional notes and Wednesday receipts.
Grain futures traded with scattered moves as buyers and sellers confronted varied signals. Prices cited include 71.40 and 22.13 with an observed net change near minus 5000 in a day sale, reflecting unsettled interest and evolving demand.
Chicago USDA bulk selling prices show butter steady at 1.45 to 1.49 with AA 1.47 to 1.49, eggs lower with Grade A cartons at 63 to 65 cents extra large, 61 to 62 large, 53 to 54 mediums. Grain bids delivered to Chicago list Wheat No 2 hard 3.53, soft red 3.53, Corn 2.80, Soybeans 6.51, Oats 2.18. Hog bids show 200-260 lb butchers 56.00-56.50, 260-280 lb 55.50-55.75, 280-300 lb 54.50-55.00, sows 52.00-52.25. Joliet hogs noted.
Iowa farmers pay four dollars more per acre to rent land this year with Eastern Iowa posting the biggest gains. The Crop and Livestock Reporting Service cites a 1 000-farm survey showing central and east central Iowa topping rent levels, while south central Iowa again reports a decline.
Cass County authorities report about 30000 in farm chemicals taken from the Farmers Co op early Thursday. Sheriff Tom Pope says the thief forced entry into the building and took mostly 214 gallon and 5 gallon containers. The Division of Criminal Investigation was asked to assist.
Cedar Rapids extension expert John Creswell says denitrification risk in no till fields is low despite recent moisture. He advises waiting four to six weeks before applying more nitrogen and notes some regions received varied rainfall while erosion worries rise in tilled soils. Creswell uncovered a Dow Study Tour selection for the north central region.
Rath Packing Co. reports a quarterly loss of about 3.55 million prompting 66 layoffs at the employee owned firm. President Herbert Epstein cites slim margins between hog purchases and pork wholesale prices as the main cause. Epstein notes potential further cuts and more automation, while stressing the need to adjust to ongoing losses.
The Iowa Pork Producers Association will pay more than 11000 in premiums July 29 30 at the Iowa Feeder Pig Exhibition at the state fairgrounds Des Moines. The event features barrow competition pen of eight and truckload contests plus carcass evaluation. Contact Al Tank for details at the state fairgrounds or 1 800 372 6004.
Deere and Company announced an agreement with the National Bank of Mexico to make the bank a majority stockholder in Deere's Mexican affiliate. The move funds a Monterey plant upgrade with about 11.75 million dollars, boosting production of farm and industrial equipment.
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