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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Apr 26, 2003
Page
9
The Kansas Farm Management Association reports 2002 average net farm income fell to 19106, down 32 percent from 2001 and 49 percent from the five year average. Drought and lower government payments cut values though crop insurance softened impacts.
Dairy cooperatives plan a three part program to cut supplies and lift prices, with overseas sales and a 12 month production cut as core measures. Beef groups warn another herd buyout could hurt cattle sector while farmers debate government role and market effects.
National and regional cattle quotes show live trades 1.00-2.00 lower, dressed about 2.00 lower, with mixed steer and heifer prices across regions. Slaughter cows and bulls steady to 1.00 higher. feeder steers 86.75-115.00 across weights. feeder heifers 77.35-93.10. Boxed beef 126.06 bests last week by 2.66. CME month discounts influence near-term trade. market activity mixed with lighter supplies and ongoing marketing efforts.
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