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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Aug 03, 1981
Page
5
Ames Iowa AP corn prices likely to keep falling as harvest prospects improve and export demand remains weak. ISU economist Bob Wisner warned after a brief July rally that new crop prices may dip below late June lows, despite forecasts of a short 1981 corn crop.
Iowa elevators report July prices from 2.74 to 3.19 per bushel amid widespread good to excellent corn condition. Rain improved yields across much of the Corn Belt, though central western Iowa and parts of Nebraska and South Dakota missed some rains. Analysts note export demand and CCC sales actions shape prices and 1981-82 corn outlook. Russia likely to be a large grain importer next year, supporting U.S. exports while U.S. sales may lower prices if CCC liquidates.
The Jackson County Soil and Water Conservation District received the NACD Allis Chalmers Conservation Districts Education Award at the Association of Illinois Soil and Water Conservation Districts annual meeting in Springfield. Activities cited include outdoor classroom guides radio programs a newsletter and tours for schools plus a poster contest and teacher workshop. Directors and staff attended July 26 to 28 with emphasis on farm land protection budget cuts and future conservation focus.
Franklin County farmers will be offered an agricultural outlook price forecasting and sales management course. An Extension Adviser said four to six meetings will cover price principles market evaluation and alternatives with Illinois marketing specialists brokers and analysts leading. First sessions are set for November 11 and 17, limit 20 farmers, contact Swope at 439-3178 for enrollment and mailing list details.
Illinois hog farmers continue to lose money per produced pork, with 1980 losses over 54 cents per 100 pounds, better than 1979. University of Illinois figures from 149 operations show total production costs at 45.67 per 100 pounds, 63 percent for feed, and pork priced at 40.06. Small farms bore the heavier losses, while large farms showed profits of 92 cents per 100 pounds over five years, prompting calls to reassess long-term revenue plans.
Government projections show farmers and feedlot operators will earn little money from cattle for months. Despite some gains, prices for fed cattle do not cover production costs, though feedlot inventories and placements rise signaling more cattle headed for slaughter later in the year. Prices for Choice steers at Omaha around 67.5 to 68.25 per hundredweight, with May averages near 67.89, up from earlier months.
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