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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Lancaster Farming
Location
Lancaster, Pennsylvania, United States of America
Date
Dec 05, 1964
Page
14
The article explains futures as agreements between seller and buyer on future delivery prices, outlining hedgers who lock margins and speculators who profit from price moves. It details contracts for beef at 25,000 pounds, margin requirements, and contrasts grain futures with cattle based on grades, substitution, storability, and supply factors.
A Lancaster Farming excerpt discusses beef supply uncertainty, forecasting challenges, and the potential impacts on futures trading. It notes that constant beef production and flexible slaughtering can keep prices conservative, influencing cattle feeder hedging and investor interest. The Iowa State University Farm Outlook report (Nov 12 1964, Econ. Inf. No. 940) is cited as a detailed source.
Frey herd posts 18 106 pound average milk record and surpasses 700 pound butterfat level along with two other dairymen. Ray mond and Louise Wit mer top state Guernsey herd with 12 312 pounds milk and 609 pounds fat from 44 cows. This marks the second straight year they lead the breed and the first DHA state average above 12 000 pounds while national average runs near 8 000.
The listing notes a Dec 10 NEPPCO Quickie Conference at Hotel Commo dore New York 7 30 pm and an Ephrata Young Farmers Class on quality milk production at Ephrata High School at 8 pm A Red Rose DHTIA Director s meeting is scheduled at the Production Credit Building W Roseville Rd Lancaster.
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