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Agricultural Outlook for Missouri in 1966
Missouri agricultural economists mid year 1966 outlook covers beef cattle hogs dairy wheat and soybeans. Cattle prices stay pressured through June with possible July August strength if feeder marketings limit weight gains. Hog marketings similar to 1965 with five to eight percent more hogs July August. hog prices peak near 26 per cwt. Dairy prices rise five to nine percent year over year while production drops four percent first four months. cow numbers decline. Wheat supplies for 1966-67 marketing year smallest since 1957 with prices above 1.25 loan. 1965-66 marketing year price around 1.34. Soybeans expected record crop. prices above 3 at Missouri terminals. 40-50 million bushel carryover. Eggs decline seasonally. turkeys production up 16 percent. broilers bright but slower after Labor Day. June-September broiler output 8-10 percent above 1965. caution urged on fall placements.