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{ SOUTHEASTERN FARM MARKET SUMMARY
Livestock Prices Show Drop
Southeastern farmers
received lower nrices for
their feeder cattle, calves,
hogs, broilers and garden
greens during the week ended
Nov. 9, according to reports
frpm the Agricultural
Marketing Service of the U.S.
Department of Agriculture.
Cotton reversed its
downward trend of the
previous three weeks, with
prices advancing about 3
cents a pound. Com prices
climbed 10 to 16 cents a
bushel, and soybean prices
trended upward 12 to 20 cents.
Broiler prices declined
about 3 cents a pound during
the week. This was 41 cents a
pound lower than at peak
prices last August and only
about 7 cents higher than a
year ago. Heavy hen prices,
on the other hand, were up
sharply in response to
Thanksgiving buying. Egg
prices remained unchanged.
Feeder cattle prices
trended steady to $1 a hun
dred pounds lower. Feeder
calf prices were unevenly
steady to as much as $3 lower
at some markets. Light
weight feeder calves are now
selling about s3l a hundred
pounds less than at the peak of
last August, and at about the
same price as a year ago.
Hog prices declined during
the week about 25 to 50 cents a
hundred pounds lower.
Prices of collards and
greens also declined during
the week, and cucumber
prices dropped $2 a bushel at
one market.
POULTRY—The undertone
of the southeastern broiler
market was generally weak
as negotiations begin for
business the week of Nov. 12.
Actual sales were limited but
ranged 31 to 34% cents a
pound on Plant Grade. U. S.
Grade A broilers were in
sufficient to indicate price
levels.
Demand was seasonally
slow to fair. Live broiler
supplies were mostly ample.
Average live weights ranged
desirable to often heavy.
Hen market conditions
were firm on heavy type as
buyers attempted to secure
Thanksgiving requirements.
Offers were 'sharply higher
compared to last week with
prices at 27 to 28 cents per
pound F. 0.8. farms.
The market undertone for
light hens, however, was
nervous and unsettled. Offers
and bids were wide apart, but
the majority of flocks sold at
16 to 17 cents per pound
F. 0.8. farm. Demand was
highly irregular. Supplies
were mostly adequate.
EGGS—The southeastern
egg market was steady
following advances in ter
minal markets during the
week. Wholesale prices
delivered to volume buyers
ranged 66% to 71 cents a
dozen on extra large, 65 to 68
cents on large, and 61 to 64
cents on medium.
Production area offerings
were fully adequate for the
improved and fairly good
demand. However, most
packers were apprehensive
as to this week’s advancing
wholesale values and its
affect on overall retail
movement. Early inquiry or
stockpiling for holiday needs
were slow to develop this year
compared to previous years.
COTTON—Trading was
more active at southern
cotton markets during the
week ended Nov. 8. Demand
for cotton was stronger and
prices moved upward.
Farmers offered more
freely at current higher price
levels. Farmers continued to
deliver the bulk of current
ginnings in fulfillment of
contracts made prior to
harvesting. Interruption of
cotton harvesting by rains
enabled many gins to catch up
with backlogs of cotton which
had accumulated on yards.
Domestic mill buying in
creased during the week.
Purchases included cotton for
both, nearby and delayed
delivery. Landed mill prices
were higher. Export inquiries
w£re more numerous. Most
transactions were with Far
Eastern mills, but some sales
were made to European
spinners.
■prices for grade 41 (strict
low middling) staple 34 cotton
at the 11 designated spot
markets averaged 66.64 cents
per pound Nov. 8. This was up
326 points from the 63.39 cents
a week earlier and much
higher than the 12-market
average of 26.05 cents a year
ago.
Individual spot market
quotations compared with a
week earlier (second figure)
and a year ago (third figure)
wsre: Atlanta 70.00, 65.50 and
Augusta 67.00,65.00 and
25.50; Greenville 66.50, 64.50
and 25.50; Greenwood 64.00,
62.00 and 25.50; Memphis
67.50, 64.00 and 25.75; and
Montgomery 69.50, 64.50 and
25.50.
Prices for grade 31 (mid
dling) staple 34 cotton in the
11 designated spot markets
averaged 63.86 cents per
pound. This was up 275 points
from the 66.11 cents a week
earlier.
PEANUTS—The market
for Runner No. 1 peanuts was
weaker during the week. The
market for Virginia peanuts
was dull, but was about
steady for other varieties and
grades. Trading activity was
fight throughout the region.
Sales and quotations for
mostly' fall and winter
delivery of most shelled
peanuts, per pound, were:
Spanish No. 1, 27% cents and
U.S. Splits 25% to 25% cents;
Runner No. 1, 26% cents, and
U.S. Splits, 25 cents; and
Virginia Extra Large, 29% to
30 cents and No. 1, 26% to 27
cents.
GRAIN—Cash grain prices
closed higher during the week
ended Nov. 8. Harvesting is
almost complete in the
Southeast region. Reports
indicate farmers are using all
available storage space to
hold as much of the crop as
possible. Export demand was
good and facilities at Gulf
ports were working “round
the-clock”.
Soybean prices were mostly
12 to 20 cents higher. Bids to
producers at southeastern
Virginia points ranged $4.85 to
$5.07 a bushel, Richmond
$5.01 to $5.16, South Carolina
piedmont area $5, centrals
$5.16, and coastal $5.56, and
Wilson, N.C. $5.17. Terminal
points at Memphis brought
$5.31 to $5.36%, Norfolk $5.37,
and Raleigh $5.41%. Gulf
export prices were 12 to 17%
cents higher at $5.57% to
$5.66.
Com prices ranged 1 to 3%
cents higher at major
markets. Bids to producers
were 10 to 16 cents higher.
Bids at southeastern Virginia
points were $2.05 to $2.35;
Richmond $2.15 to $2.17;
Wilson $2.25; and South
Carolina piedmont and
central areas $2.35 yo $2.50.
Alabama trucklot sales
brought $2.52 to $2.53%.
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Georgia multi-carlot of
ferings went at $2.53 to
$2.53%. Terminal prices at
Memphis were $2.47 to $2.57
and Norfolk $2.34.
CATTLE—Feeder cattle
supplies were reduced at
southeastern points during
the week ending Nov. 9.
Feeder cattle and calf prices
continued uneven over the
area. But generally lower
prices prevailed.
Reduced marketings over
the area did little to stimulate
additional trade action.
Sharply lower prices on
slaughter steers and heifers,
as well as carcass beef
around the country, was the
major contributing factor
which influenced the down
turn of prices in the
Southeast.
Compared one week
earlier, feeder steers were
mostly $1 lower except in
Florida where sales were
steady to $1 higher. Heifers
were generally steady to $1
lower. Steer calves were
largely $1 to $3 lower.
However at Florida points,
prices of $1 to $2 lower.
In representative sales,
Choice 200 to 300-pound steer
calves sold at $57 to $67,300 to
400 pounds SSO to S6O and 400 to
500 pounds $45 to $55. Choice
500 to 600 -pound ’ steers
brought $43 to $52. Choice 200
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to 300 pound heifer calves sold
at S4B to $58,300 to 400 pounds
$43 to $52 and 400 to 500 pounds
S4O to S4B. Choice 500 to 600-
pound heifers brought $37 to
$44.
HOGS—Barrows and gilts
around the Southeast region
sold unevenly 25 to 50 cents
lower. However an exception
was the northern Georgia
direct sales are where prices
closed mostly 25 cents higher.
U.S. 1 and 2 barrows and
gilts of 200 to 230 pounds
brought $41.25 to $41.75 at
Georgia-Florida-Alabama
packing plants Nov. 9. U.S. 2
and 3 butchers sold at $40.50 to
$41.25 a hundred pounds.
In the Midwest carlot pork
trade, fresh pork cuts were
uneven. Some cuts sold higher
while others sold lower. Most
cuts were in good demand for
light weight products but
heavy weight products were
under pressure.
TOBACCO—VoIume of
sales dropped sharply on the
flue cured tobacco market
during the week as the season
nears an end. Prices and
quality of offerings were
down. Government loan
receipts increased sub
stantially. Five markets
closed for the season and
most of the remaining auction
centers will hold final sales
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J . 89
during the week beginning
Nov. 12.
Gross sales for the season
throug Nov. 8 in the three
belts still open, compared
with the same time last year,
were:Eastern North Carolina
369,432,000 pounds at an
average of $89.16 a hundred
pounds, up from the
323,202,000 pounds at $87.26
last year; Middle Belt
120,076,000 pounds at $88.24 up
from the 103.459,000 pounds at
$85.37 last year; and Old Belt
225,506,000 pounds averaged
at $88.57, up from the
$187,349,000 pounds at $83.12
last year.
FRUITS AND
VEGETABLES—Prices of
cabbage and greens eased
downward at southeastern
markets during the week
ended Nov. 9. Cucumber
prices dropped $2 a bushel at
the Atlanta farmers market.
Most other fruit and
vegetable prices held steady
during the week.
U.S. No. 1 Georgia Red and
Red Nugget sweet potatoes
sold at $5.25 to $5.50 a 50-
pound carton on the Atlanta
market, while Red Jewels
brought $4.50 to $5. Various
varities brought $5 to $5.50 a
bushel basket at the
Birmingham farmers market
with larger potatoes selling at
$3.50 to $4.
Collards brought $3.50 to
$4.25, a dozen bunches at
both the Atlanta and Bir
mingham markets. Mustard
and turnip greens sold at $2.50
a dozen bunches at BBir
mingham and $2.50 to $3 a
bushel at Atlanta. Cabbage
sold at $3.50 to $3.75 a 50-pound
sack at Atlanta.
Florida red and pink
grapefruit brought $4 a carton
on 32 size at Atlanta, and $3.50
on 40 size and $3.25 on 48 size.
White grapefruit sold at $3.50
on 32 size and $3 to $3.25 on 40
and 48 sizes.
Pecan shipments were light
but were expected to increase
sharply very shortly from the
Southeast. Prices to growers
for medium to large, good
quality natives were mostly
35 cents a pound. Stuarts sold
mostly at 48 to 50 cents a
pound. .
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THE FORSYTH COUNTY NEWS-WEDNESDAY, NOVEMBER 21, 1973-
SCS NEWS
Reids To Be Honored
At Gainesville Banquet
Television newsman Ray
Moore will be guest speaker
at the annual ladies night
affiliate member banquet of
the Upper Chattahoochee
River Soil and Water Con
servation District at 7 p.m.
December 11 at Gainesville
Junior College, Gainesville,
Georgia.
Moore is senior news
analyst for WAGA-TV,
Channel 5, in Atlanta.
The outstanding farm
families of 1973 in each of the
six counties in the district will
be honored at the banquet.
They are Mr. and Mrs. Lee
Pittman, Dawson County;
Mr. and Mrs. Edmond Harold
S r FRIDAY & SATURDAY-9 AM TO 9 PM!
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DOUBLEKNITS 166
Crepes, Jacquards, 2 and 3-color fancy yarn dyes! I y.
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DOUBLEKNITS 066
Full bolts! First Quality! Solid color crepes,
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Full Bolts! Mill Rolls! 100 percent gm A A
POLYESTER KNITS 1 OO
Men's wear plaids, checks, solids. Values to $3.88! I YD.
First quality and slight irrregulars. |^Li
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100 percent Polyester
DOUBLEKNITS / H 0
Beautiful fall patterns! Values to $4.98 and $5.98 yard. yd.
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FABRIC
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LAWRENCEVIILE
LAWRENCEVILLE SQ.
PHONE 963-0424
y \
J.T. COOTS
Reid, Forsyth County; Mr.
and Mrs. Alvin E. Alexander,
Habersham County; Mr. and
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2.9 8,
Mrs. Alvin Hicks, Hall
County; Mr. and Mrs.
Richard O. Jarrard, Lumpkin
County; and Mr. and Mrs.
Cread Dyer, White County.
The district’s affiliate
members and the outstanding
developer will also be honored
during the dinner meeting.
Ben Overstreet, district
chairman, will preside.
This is Farm-City Week
beginning November 19th
through November 24th. This
is an annual affair sponsored
by Kiwanis International.
Agricultural Agencies and
other groups cooperate in
sponsoring this Farm-City
Week.
GUMMING
HIGHWAY T* SOUTH
PHOHE 187-7601
PAGE 3