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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 29, 1990
Page
24
Texas Panhandle and western report details cattle prices by weight and grade after 4 percent shrink, with Holsteins and heifers listed. Sheep and goats auction data show feeder lambs steady to uneven, slaughter ewes weaker, and week-to-date totals 15,052 cattle and 7,763 goats with weighted averages for classes.
Commodities report shows No 2 cotton futures closing 15 cents higher at 6 10, spot price down 12 points to 75.68 cents per pound, on Monday across seven markets per the New York Cotton Exchange. Soybeans at 6.16, corn around 3.00, and hopper prices listed amid market activity.
Washington AP reports Agriculture Department findings that farm operator households now earn on par with nonfarm families. Declining farm numbers, outside income, and higher per-household earnings reduced historical rural poverty. The September Agricultural Outlook notes farm poverty is historically low, though some families still face income problems.
USDA ERS reports lower U S milk output in 1989 driven by drought reduced feed and weaker per cow yield. Export demand for nonfat dry milk and strong domestic cheese demand push dairy prices up with retail dairy products rising about 6.6 percent from 1988.
Urbana Illinois AP a new Farm Laboratory through the University of Illinois to help farmers make better business decisions amid volatile prices and changing environmental and government programs. It draws on data from 40 university managed farms and the Farm Business Farm Management system to analyze site specific economic implications of crops from corn and wheat to spices and Belgian endive.
A government report notes higher crude oil due to the Kuwait crisis could lift farm production costs and push food prices higher. It cites past energy shocks from the 1970s and 1980s showing farm fuel expenses rising sharply, with potential 2 percent hit to 1990 farm income if crude climbs further.
California kiwifruit growers resist Philadelphia port officials push for federal quality inspections on imported fruit. Mark Houston of the California Kiwifruit Commission condemns turning food inspections into a retaliatory weapon against U.S. growers as the harvest season nears and port traffic drops.
The Agriculture Department reports consumers may see relief from record meat prices next year due to higher livestock production. Retail pork prices are expected to fall 1 to 3 percent, while poultry should drop 2 to 6 percent. Beef prices may rise 1 to 2 percent.
Researchers investigate a mysterious swine illness ravaging Midwest herds. Pregnant sows miscarry, newborns die early, and immunity falters allowing secondary infections. The disease, seen in Iowa, Indiana, Minnesota and Nebraska, lacks a confirmed cause and treatment. Possible culprits include viruses, parasites or bacteria, with fumonisin toxin from Fusarium moniliforme under study.
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