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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 17, 1974, Lethbridge, Alberta 18 THE LETHBRIDGE HERALD Tuesday, December 17, 1974 Weather twist revises corn estimate WASHINGTON (AP) A cruel twist in the weather pattern not only reduced the 1974 corn crop from its robust promise of eight months ago but has caused new thinking among agriculture depart- ment economists about where farmers are headed in the future. The situation is this: March, based on planting indications, it appeared to experts a record corn crop of 6.7 billion bushels was in store for the United States. But according to Nov. 1 sur- veys, the harvest actually will be 4.62 billion bushels. with a low carryover reserve of 481 million bushels of old-crop corn as of Oct. 1, the total supply available for use in the 1974-75 season is about 5.1 billion bushels, down one-fifth from 1973-74 stocks. Thus, according to records, the U.S. has the smallest supply of corn to meet requirements- domestic and for- eign since 1966-67, although it ebbed close to that mark four years ago as a result of the 1970 corn blight. The department's economic research service in a new feed situa- tion report issued last month says the situation today is far different from what it was in 1966-67. Among the report's observations: stocks were much more prominent, ac- counting for 17 per cent of the supply, whereas this year they make up nine per cent. than one-half of the 1966-67 reserve of old- crop corn carried over that season was under federal price support loan or own- ed outright by the gov- Complete 8-piece modular FM AM MULTIPLEX STEREO SYSTEM! 1FM tuner amplifier irn boiid si it- chassis has a fui 10 .vdiis pedK power outpc Jt Features iru'udL AFC illummdied d al stereo idiLtitOr IiQnt septl h treble controls rp laOi: AC OL-tlPt Smcjr' 2 Automatic record cha 4 BSR turnt 'a 6 LP s Pr-c s o i -with ir tot M d 11 itJjustyr '1 p and jnc outp n jt fmist1 nger plays u b cr imic Stereo 6 cartridge tape player Ughied track indicator Trim piemen styling 1 Speaker system Twin seated cabmets m lnut-and IdDnc tmish Two woofers two horn mounted eters Modular system stand Compact clean line design m walnut 'inish wilh black trim Stereo headphones For personal listening pleasure1 Ear pads 5 cord 8 Bonus RCA album' To start your new roiipction to' add to your old one1) 3 45 Two 6 7 COMPLETE Ask for Musir Package 15 Smith's COLOR TV APPLIANCES 236 13th St. North Phone 328-5541 Closed Mondays. Open Thurs. Fri. till 9 p.m. I I ernment's Commodity Credit Corp. This year, vir- tually all corn is free of government ownership or loans. on the corn supply are mu'ch greater now than in 1966-67. The cattle herd is nearly one- fourth larger, pork output is up about one-tenth, and poultry meat production is about one-fifth more. "The greatest change, however, has been in ex- port the report said. "Exports the past two seasons have been dou- ble the levels of the late 60s." Corn, since it is the leading U.S. feed grain and is the crop normally most in abundance, makes up most of the feed grain ex- ports. Those averaged nearly 1.25 billion bushels in each of the last two marketing years. Prices soar But corn prices have soared, livestock feeding has been reduced in some major foreign markets and exports in 1974-75 are ex- pected to be in the range of 875 million to 925 million bushels, down 10 to 12 per cent from the last two years. Also, largely because of higher prices, livestock producers are cutting back on feeding. Even so, in terms of the relatively small supply of corn, the demand still is big. "With these demand components pulling against a limited supply, something has to the report said. Traditionally, the report said, feed by been in such abundant supply that livestock producers have used it freely as long as it appeared feed costs were low in relation to what they got for cattle, hogs and poultry. "But in 1974-75, the critically short supply and higu prices will sharply curtail availabilities to the commercial feed the report said. "In turn, this will have a pro- nounced effect on livestock, poultry and meat output in coming years." CO-OP LIVESTOCK DIVISION HIGHWAY NO. 3 LETHBRIDGE PUBLIC STOCKYARDS SUPPORT YOUR CO-OP Your consignment properly sorted and merchandised consistently brings more through buyer competition proved by your Co-Op SPECIAL CALF SALES EVERY FRSDAY, 1 p.m. FATS and and FRIDAY 10 a.m. LICENSED, BONDED AND CERTIFIED AT YOUR LETHBRIDGE PUBLIC AUCTION MARKET FEEDER HOG SALES MONDAY 1 p.m. WE ASSEMBLE MARKET HOGS MOM., TUES., WED., THURS. WE WILL FILL YOUR FEEDER CATTLE ORDERS TO YOUR SATISFACTION PLACE YOUR ORDERS WITH US! WE ALSOBU V" 1 List your calves early with your Co-Op as we have many feed- ers who are interested in your livestock. Get maximum de- mands on your livestock. Offer them for sale at the Lethbridge Public Stockyards, Your Co-Op. Consign ALL Your Livestock to Co-Op! Call A Prolnsioml MirkM Mini Ed Smith Conrad Plettell Gerard Plettell Mike Miskulin CALL CO-OP Phone 327-4O10 Season's Greetings and a Properous New Year ________to all our customers and friends ;