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Newspaper
Washington Evening Journal
Location
Washington, Iowa, United States of America
Date
Apr 04, 1950
Page
9
Brannan argued his plan could offset a drop in consumption with farm prices competitive with other goods. He linked it to potatoes now surplus in many growing areas but warned price cuts on potatoes would not mirror impacts seen with meat and milk. He said potato price reductions would barely boost consumption as Americans have been eating fewer potatoes.
Slaughter lambs 24 to 26 cents, five loads at 26.25 with 125 lb skins 24.50. Ewes 15.00 down. Cattle salable 6,000. Calves 500. Steers and heifers steady to 25 cents higher. Cows steady, bulls strong. Wealers up to 1.00. Feeder steers 1100-2000 lb at 29.50, 1300-1990 lb 22.50, medium steers 25.50-28.50, common 22.00. Reducing to 920 lb heifers 28.25, medium and good heifers 24.50-27.25. Cows 19.58-21.66, common 16.75-19.25. Canners 15.00-16.50. Bulls 20.50-22.25. Dealers 26.00-28.00. Fat cattle 850 lb feeders 25.25.
The report lists May corn trading between 126 and 136 amid a 135 market close with July at 2387 to 185 and December at 125 to 125 while soybeans move between 260 and 264 with May at 264 and July around 262.
A striking statement notes that railroads transport ten tons of freight daily for each person in the United States, highlighting the vast scale of the nation’s rail operations and their reach into daily life.
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