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Newspaper
Tripoli Leader
Location
Tripoli, Iowa, United States of America
Date
Jan 12, 1972
Page
2
Dale Shires County Extension Director reports 1972 hog prices will stay well above 1971 levels due to smaller supplies and strong demand. Extension economist Gene Futrell of Iowa State University cites lower feed costs boosting profit outlook for 1972.
The December 1971 USDA report estimates U.S. hog inventory at 63 million head, down 8 percent from a year earlier, with breeding stock down 10 percent and market hogs down 6 percent. The fall pig crop falls 8 percent to about 45.7 million. Prices show a December lift, but margins collapse late month, and 1972 hog demand is forecast strong despite higher beef and broiler supplies.
Rates set at four dollars per year in advance for Iowa residents and five dollars per year in advance for all other regions.
Calendar lists events in January including a Tri-County Estate Planning meeting at Wartburg College Castle Room Wart per county seat, a PoliTown Hall Operators Systems Approach meeting, a Tailoring Lesson at First National Bank in Waverly, and a 4-H County Committee meeting at the Extension Office in Tripoli with times noted.
An economist projects 240 pound meat cuts to hover around 21 to 23 dollars in the January to March quarter. Seasonal demand could push Iowa prices to 23 to 24 dollars by June with a potential rise to 25 to 26 dollars in July.
Lt. Gov. Roger Jepsen urges lawmakers to avoid campaigning on the Senate floor as the 1972 session opens. He notes priorities include municipal home rule, court reform, environmental protection, and tax rules for charities, with a focus on working together for Iowa’s welfare.
Richay and George lead a wildlife research effort in North Iowa to establish nesting grounds for twelve giant Canadian geese at Clear Boone with plans to expand to Rice Lake.
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