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Southeastern Prices Register Sharp Declines
Southeastern farm prices
showed slight to sharp declines
during the week ending Oct. 19
depending on the commodity,
USDA's Agricultural
Marketing Service reports.
Ready-to-cook poultry prices
dropped 5 to 6 cents a pound at
southeastern shipping points.
Hen prices declined % to 2
cents a pound. Southeastern
egg prices were also down % to
2 cents a dozen.
Soybean prices plunged as
much as 94 cents a bushel at
southeastern points.
Nationally, soybean declines
reached as much as $1.15. Corn
was also lower, with declines of
5 to 12 cents reported.
Feeder cattle prices dropped
$1 to $3 a hundred pounds, and
calf prices lost $2 to $4. Butcher
hog prices trended steady to 50
cents lower.
Cotton and tobacco also
brought lower prices.
POULTRY The undertone
of the southeastern broiler
market was unsettled and weak
during the week ended Oct. 19.
Preliminary F. 0.8. dock
equivalent prices were ad
justed lower and ranged from
35% to 36% cents on U.S. Grade
A and 35V4 to 36V4 cents per
pound on plant grade in very
limited trading. Demand was
slow with live supplies ample
to burdensome. Live weights
ranged desirable to heavy.
The market undertone
continued in an unsettled to
weak position on both heavy
and light type hens. Farm
prices declined. Light type
ranged 15 to 18 cents per pound.
Heavy type ranged 18 to 20%
cents per pound F. 0.8. farms.
Demand was good for ample
supplies of heavy type, and fair
for adequate supplies of light
type.
EGGS—Wholesale egg prices
trended lower. Extra large
ranged 70 to 75 cents, large 68 to
71, and medium 64% to 68%.
The market sentiment was
mixed as retail prices declined
slowly. Breaker buying interest
was dull. Country point of
ferings and supplies of all sizes
were fully adequate for current
trade needs.
PEANUTS-The shelled
peanut market trended steady
to firm in the southeastern area
during the week ended Oct. 17,
but ranged steady to weak in
the Virginia - North Carolina
sections. Trading was light.
Sales and quotations of
shelled peanuts for prompt and
fall delivery were Spanish No.
1, mostly 27 to 27% cents;
Runners No. 1, mostly 26% to 27
cents; and Virginia No. 1, 27V4
cents.
GRAIN—Cash grain prices
declined sharply during the
week ending Oct. 18. Soybean
prices dropped as much as $1.15
per bushel on the national
market. Prices for soybeans in
the Southeast averaged 94 cents
below the previous week and
corn prices followed the trend
at mostly 5 to 12 cents lower.
Cash bids to soybean
producers at Southeast
Virginia points were $4.94 to
$5.50; Richmond, $4.79 to $4.84;
Piedmont area of South
Carolina, $5, and Central South
Carolina, $5.30. Terminal
prices at Memphis were $5.19 to
$5.24; Norfolk, $5.39; and
Raleigh, $5.24. Coastal South
Carolina prices were $5.50 to
$5.60; and Gulf port prices were
$5.20 to $5.54.
Most areas in the Southeast
have moved to new crop price
basis for corn. Bids to
producers in Southeast Virginia
were $2 to $2.40; Richmond,
$2.13 to $2.17; and Wilson, NC,
$2.10. Corn prices in South
Carolina ranged $2.45 to $2.65.
Alabama trucklot sales ranged
from 2.51 to $2.54, and Georgia
multi-carlot offerings were
$2.45 to $2.53. Terminal prices
at Memphis were $2.51 to $2.66,
and Norfolk was $2.30.
TOBACCO—Tobacco prices
continued their downward drift
during the week ended Oct. 18
at flue-cured tobacco markets.
Government loan receipts
increased to about 3 per cent.
Season gross sales through
Oct. 18 compared with the same
number of days last year, by
belt, were: South Carolina -
Border North Carolina
264,621,000 poounds averaged
$86.86, and 249,189,000 pounds
averaged $85.33; Eastern North
Carolina, 279,198,000 pounds
averaged $89.84; and
309,428,000 pounds averaged
$87.70; Middle Belt 81,920,000
pounds averaged $88.86, and
70,665,000 pounds averaged
$87.02; and Old Belt, 147,475,000
pounds averaged $88.34, and
122,958,000 pounds averaged
$85.64.
FRUITS AND
VEGETAB LES—Florida grape
fruit shipments increased
sharply during the week ending
Oct. 19. Trading was fairly
active and quality good.
Orange shipments for fresh
consumption increased and
were expected to increase
further the next few weeks.
Quality was fairly good.
Florida avocado shipments
increased slightly. Trading was
moderate and prices held about
unchanged. Booth Eights, 10 to
14 count, brought mostly $4.
Quality was good.
Lime shipments were
moderate. Prices were slightly
lower, with 10 pound cartons, 54
count, bringing $1.60 to $2.
South Carolina cucumber
shipments from the Charleston-
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Prices good thru
I Sat Nov. 3
Beaufort area continued light
due to reduced acreage and dry
weather. Quality was fairly
good. No F. 0.8. prices were
available.
Louisiana sweet potato
shipments increased. Prices
were unchanged. Fifty pound
crates of U.S. No. 1 sold mostly
at $5.75 to $6. U.S. N 0.2 brought
$4.25 to $4.50. Quality generally
was good.
Sweet potato shipments from
eastern North Carolina in
creased. Trading was
FARM MARKET SUMMARY
moderate and prices un
changed. Fifty pound crates of
U.S. No. 1 sold mostly at $5.
Apple shipments from
western North Carolina
declined as the season was
practically over. Cartons of
traypack U.S. Fancy Red
Delicious apples, 88 to 125 size,
ranged $5 to $6.
LIVESTOCK— Increased
supplies and lower prices
dominated trading on feeder
cattle and calves around the
Southeast during the week
ended Oct. 20.
Supplies were substantially
increased and this fact, along
with a down-trending market
on fed cattle and carcass beef
around the country, influenced
rather substantial declines.
Trading slowed as the week
progressed, and losses
generally were most severe
during the latter part of the
week. Compared to one week
earlier, feeder steers and
heifers sold largely $1 to $3
lower, while calves trended
THE FORSYTH COUNTY NEWS—WEDNESDAY, OCTOBER 31, W -
mainly $2 to $4 lower.
In representative sales,
Choice 200 to 300 pound steer
calves brought $62 to $72, with
sales up to SB3 in Florida; 300 to
400 pounds, $56 to $66; 400 to 500
pounds, SSO to S6O; and 500 to
600 pound steers, $47 to $55.
Good 200 to 300 pound steer
calves brought $54 to $64, with
sales in Florida up to $74; 300 to
400 pounds, SSO to S6O; 400 to 500
pounds, $45 to $55; and 500 to
600 pound steers, $42 to SSO.
Choice 200 to 300 pound heifer
calves sold at $52 to $62; 300 to
400 pounds, $46 to $56; 400 to 500
pounds, $42 to $52; and 500 to
600 pound heifers, $42 to SSO.
Barrows and gilts trended
steady to 50 cents lower for the
week at Georgia - Florida -
Alabama packing plants with a
$1 drop on Friday more than
erasing early-week gains. At
eastern cornbelt terminal
markets barrows and gilts
closed the week 50 cents to $1
higher.
§1 MARGARINE
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PAGE 15
U.S. 1 and 2 barrows and gilts
of 200 to 240 pounds sold Oct. 17
at $41.50 to $42 at Georgia-
Florida - Alabama packing
plants, while 2 and 3 butchers
brought s4l to $41.75.
MOLDY MAIL
A letter written on a lead
tablet 2,500 years ago in a rare
lonic dialect has been found
by Soviet archaeologists on
the island of Berezany in the
Dnieper River.