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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Oct 20, 1973
Page
3
An urbane mix of pork industry praise, silage temperature advice, and light social quips. The piece references hog farming economics, meat cuts, and nutritional angles alongside a health joke about a doctor examining a tongue. It mentions a 1872 wildfire blackening about 625 square miles of forests and watersheds.
Washington sources report talk of large foreign butter imports amid dairy price pressures. USDA data show milk output likely to drop at least 3 percent in 1972, with cow numbers down 7 percent from a year ago and production costs pushing culling high.
U S Agriculture Department says exports may reach 5.9 million bales this year while prices stay high. Japan has already bought about 1.4 to 1.9 million bales for delivery next summer, with potential for further sellbacks. Forward contracts urged to lock in prices, though officials say price depression fears are not the motive.
Washington AP figures show farmers prefer cash markets for their 1973 crop. By Sept 30 about 30.4 million bushels were placed under price support loans, well below the 103.6 million a year earlier and 252.2 million two years ago. Cash prices above the loan rate of 1.25 dollars per bushel encouraged selling grain.
Washington agri culture economists outline a split dairy picture. Some farmers seek to sell out amid rising costs while those who stay face tight margins as feed prices surge. Milk output may fall about three percent from 1972, with high meat demand and cattle prices, yet producers cut grain use to cut costs, depressing per cow yields and herd numbers.
The Agriculture Department reports brewers produce four percent more fresh vegetables and retail margins will remain high this season. The Outlook and Situation Board anticipates more vegetables for canning and processing at higher prices for life items in supermarkets. Prices of processed vegetables are likely to rise further in the new season, unlike the prior year under price restraints. Brazil is cited as South America's largest country by bulk area and population.
USDA projections show exports remain a major factor in cutting stockpiles of wheat, livestock feed grains and soybeans through the 1974 season, supporting relatively strong farm prices. Wheat exports are now estimated at 1.14 billion bushels, about 200 million below exporters’ hopes, yet potentially 1.4 billion if forecasts hold. Corn exports unchanged at 1.425 billion bushels, with orders totaling about 1.3 billion. Cotton exports foreseen at six million bales, in line with bookings. dairy output projected to fall about 3 percent from 1972 levels, with milk production down 3 percent.
The Agriculture Department struggles to meet the 75 million bushels reserve target set by the 1973 farm law. CCC oats totaling about 1.8 million bushels were designated this week, leaving large uncommitted surpluses of wheat, corn, and soybeans. A CCC spokesman warned that further designations may be needed to reach the required quantities.
Bulletin from University of Nebraska Lincoln on optimal cattle weights for profitability. Researchers Schwarz and Hassler analyze how buy weight interacts with rising or falling beef prices, cattle sex, and time of year. Copies available from the Agricultural Communications department, Lincoln Nebraska.
A Foreign Agricultural Service study says soy based protein could expand beyond a small share of soybean use. Current products include textured soy protein and soy grits, with animal feeds still absorbing about 89 percent. Projections hint at a $2 billion U S soy protein market by 1990 and as much as 20 percent of meat supply from soy by 1980, though 1980 estimates vary.
Washington AP reports farmers hire more workers this fall due to larger harvests and more land readied for next year. A USDA resurvey shows 1,432,000 hired workers, up from 1,425,000. Wages averaging about one cent higher, cash wage around $1.947 per hour. South drops to second in farm population as North Central grows. Iowa and Minnesota lead farm population with about 1.0 and 0.98 million respectively. Dakotas show highest farm share with South Dakota 24.8 percent and North Dakota 24.0 percent.
Washington AP farmers near a record export year as USDA data show total exports valued at about 4.09 billion dollars for the first two quarters of the fiscal year starting July 1. Top exporting states include Iowa, Texas, Kansas, California, Indiana, Minnesota, Nebraska, North Carolina, Missouri, and Alabama accounting for roughly 76 percent of shipments.
The Cost of Living Council, on Agriculture Department advice, denied dairy farmers a higher minimum price for fluid milk under federal marketing orders. The two month lag MW series will raise minimums about one cent per hundredweight, with September manufacturing milk at 6.91 per 100 pounds, keeping current price structures and not altering milk production economics.
Washington officials said Japan will continue to buy substantial U S poultry meat as it raises its own output. The Agriculture Department expects Japan to import 1 000 to 3 000 metric tons this year, a level about one third of domestic production.
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