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Newspaper
Lancaster Farming
Location
Lancaster, Pennsylvania, United States of America
Date
Jan 04, 1969
Page
10
No report available due to the New Year Holiday. Broiler and fryer live prices averaged 1498 cents per pound. Prices paid ranged from a high of 155 cents to a low of 145 cents on Monday. Sales totaled 515000 head, up 58400 from last week.
Hog buyers moved dollars with Barrows and Gilts steady to 1 dollar lower while Sows remained scarce. Sheep show insufficient volume to gauge trend with wool lambs in the 25.50 to 29.50 range and Utility slaughter values noted at 3 to 6 dollars higher in some lines.
Chicago price rundown shows slaughter steers and heifers across weight ranges 800 to 1325 pounds with yields grades 2 to 4. Prime loads 1180-1300 pounds reach 32 dollars, other lots 1200-1325 pounds at 32. Mixed high choice and prime 1150-1300 pounds trade near 29.50 to 30.75, with 950-1250 pound steers 28.50 to 29.50.
Federal meat graders report that about 50 percent of beef from farms and feedlots is USDA Choice. Over the past two decades the industry has doubled total output while tripling Choice grade production.
University of Arkansas assistant agricultural economist Windham warned at a Midwest convention that 1969 prices depend on production decisions. If broilers eggs and turkeys stay near 1968 levels, 1969 prices could be favorable, but overexpansion in 1969 may trigger a 1967 style market slump. Windham cited rising population higher incomes and potential meat price shifts plus lower feed costs offset by higher labor costs. He urged slowing expansion to avoid low price levels in late 1969 and early 1970.
Urner Barry reports weekly egg market activity covering December 30 to January 3. Price trends, wholesale levels, and trading momentum across major New York markets are outlined with notable shifts in demand and supply.
The Insurance Information Institute notes that drivers under 20 make up 10.2 percent of nationwide motor street traffic but account for 17.3 percent of all highway crashes and 16 percent of fatal accidents.
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