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SOTJTHEASTERN FARM MARKET SUMMARY
Cattle Prices Drop As Grain Goes Higher
Southeastern producers
received lower prices for
feeder cattle and cotton
during the week ended Oct.
26, while soybean and com
prices trended upward, the
Agricultural Marketing
Service of the U.S. Depart
ment of Agriculture reports.
Cotton prices were down
more than 8 cents a pound at
spot markets, and $35 to $55 a
bale at many country and
central markets.
Feeder cattle brought $1 to
$2 lower prices—as much as
$3 to $4 lower in Florida—and
feeder calves sold $2 to $4
lower. Hog prices were
steady.
While broiler prices held
steady, hen prices were
trending steady to slightly
lower. Egg prices were
steady to fractionally lower.
Peanut prices were slightly
weaker for some grades, and
steady to dull on most others.
On the other hand,
southeastern soybean prices
trended as much as 39 cents a
bushel higher at some
markets. Corn prices
received a slight boost of 5 to 7
cents a bushel in the region.
Tobacco prices declined in
one belt, but were steady to
higher in other belts.
POULTRY- THe
southeastern broiler struc
ture was basically steady at
prevailing price levels during
the week ended Oct. 26.
Preliminary F. 0.8. dock
equivalent prices currently
ranged 35% to 37% cents a
pound on U.S, Grade A
broilers and 35% to 36V4 cents
on plant grade.
Trading was very limited.
Demand was fair to good, but
generally lacked
aggressiveness. Live supplies
were ample. Average live
weights ranged desirable to
heavy.
The undertone of the hen
market remained unsettled
on both heavy and light type.
Farm prices were generally
lower on light hens but
basically unchanged on heavy
type. Light hens closed the
week at 15 to 16 cents per
pound F. 0.8. farms. Heavy
hens brought 19 to 20 cents per
pound.
Demand was generally
good. Supplies were
adequate.
EGGS Market sentiment
was generally unsettled on
the southeastern egg market.
Prices held unchanged to
fractionally lower in the
Southeast. Extra large
ranged 69% to 75 cents a
dozen, large 68 to 71, and
medium 65% to 69.
At the close of the trading
period, the tone was steadier
due to sharply declining
prices in terminal markets
and the anticipation of more
retail feature activity next
week. Jumbos and smalls
were in good balance, while
other sizes were fully
adequate to ample. Breaker
buying interest was dull,
while exporters of small eggs
were more aggressive.
GRAIN Cash grain prices
finished the week ended Oct.
26 with a mixed trend, but
mostly higher.
Soybean prices showed the
most strength, ranging 3
cents higher at Norfolk, Va.,
and Wilson, N.C., to 39 cents
higher at Richmond, Va. The
soybean harvest is
progressing rapidly
throughout the southeastern
region.
Corn prices finished mostly
5 to 7 cents higher showing
surprising strength in the face
of heavy corn and grain
sorghum harvests. The corn
harvest is rapidly ap
proaching completion.
Cash bids to soybean
producers at southeastern
Virginia points were $5 to
$5.22 a bushel; Richmond $5
to $5.23; and South Carolina
interior points $4.90 to $5.30.
Terminal prices at Memphis
were $5.30% to $5.40%;
Norfolk $5.42%; and Raleigh
$5.30%. Coastal South
Carolina prices ranged from
$5.50 to $5.60. Gulf export
prices were 17 to 30 cents
higher at $5.50 to $5.71.
Reports indicate little new
selling from the farm level,
with most deliveries from
contracted supplies.
Corn prices in southeastern
Virginia ranged from $1.95 to
$2.27 a bushel; Richmond
$1.95 to $2.15; Wilson $2.15;
and South Carolina points
$2.30 to $2.50. Alabama
trucklot sales brought $2.52 to
$2.59%, while Georgia multi
carlot offerings brought $2.52
to $2.57. Terminal corn prices
were Norfolk $2.30 and
Memphis $2.55 to $2.65.
CATTLE Cattle and
calves continued to move to
market in the Southeast in
liberal numbers for the
season during the week ended
Oct. 26. Prices worked lower
for the second week in a row.
Feeder calves were
especially plentiful as
producers sold animals which
had been held off the market
earlier due to the unstable
and uneven market conditions
which prevailed over a
several weeks period.
Compared with a week
earlier around the Southeast,
feeder steers and heifers sold
$1 to $2 lower with Florida
WE RESERVE THE RIGHT TO LIMIT QUANTITIES CARRYING ONLY I
U.S.D.A. CHOICE.
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LETTUCE 190- ONIONS 100— lfi v!. ER qi OWEIS \
FLORIDA ORANGES 59Q &>— -i|
markets $3 to $4 lower. Calf
prices trended mainly $3 to $8
per hundredweight.
Reports were received that
calves purchased for ship
ments to other parts of the
country were beginning to
pile up due to trucks not being
available in all cases at the
desired time. This was a price
depressing factor.
In representative sales,
Choice steer calves of 200 to
300 pounds sold at SSB to S6B,
with sales to $75. In Florida,
300 to 4GO pounds at $53 to $63,
400 to 500 pounds $47 to $57 and
Choice steers of 500 to 600
pounds brought $45 to $53.
Good 200 to 300 pound calves
brought $53 to $63, 300 to 400
pounds $47 to $57 and 400 to 500
pounds s4l to ssl. Good 500 to
600 pound steers sold at S4O to
S4B.
HOGS Barrows and gilts
ended the week steady at
Georgia - Florida - Alabama
packing plants with late
declines erasing early-week
advances. At eastern combelt
terminal markets, prices on
barrows and gilts trended
steady to 50 cents lower,
mostly 25 to 50 cents lower.
General price strength was
recorded in the Midwest
carlot pork trade.
U.S. 1 and 2 barrows and
gilts of 200 to 240 pounds sold
Friday at $41.75 to $42, and
U.S. 3 and 4 grades brought
THE FORSYTH COUNTY NEWS-WEDNESDAY, NOVEMBER 7, 1973-
s4l to $41.75 at Georgia-
Florida-Alabama packing
plants.
FRUITS AND
VEGETABLES - Florida
shipments of fresh grapefruit
decreased slightly during the
week ended Oct. 26 primarily
because of prorate. Trading
was fairly active and quality
was fair to good.
Orange shipments in
creased as more mature fruit
became available. Trading
was fairly active.
Avocado shipments from
southern Florida increased
sharply as booth varieties
came into production.
Trading was moderate. Flat
cartons of 12’s were selling at
mostly $3.50,14’s at mostly $6
and 16’s at mostly $4.50.
Lime shipments remained
unchanged. Trading was
active at about unchanged
prices, with 10-pound cartons
selling at mostly $1.60 for 48’s
and mostly $1.85 for 54’s.
Florida vegetable ship
ments were very light.
Cucumber shipments were
increasing slowly with har
vesting approximately two
weeks later than normal.
South Carolina cucumber
shipments decreased as the
season drew to an end.
North Carolinasweet potato
shipments increased slightly.
Trading was moderate and
prices were slihgtly higher.
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