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•.W'JWi.r WM9*,fw? '"«■*? £ijr».t-U ;¥> • ... 'ÿf -' ■jjstÿj liii § s fl s* •;:■>■ ■ & m m* ■ %.« > -v » n.. i . ?" '••),, III $5 ma ma ill <fc ?< m cSfifc: •;i& xi : M Km WM* m&m m. m :£;■$■. $î;>> .%•' ■■'■.■ MM M Wk y > m MS I ■ |: ■. m mm m *>. mm. y m > m m i Mi m ■y M m ■fj&tg W ;• # m m m i ? «v * m i y Watch Your Herd Increase wlfh a LAND BANK LOAN It takes'wise planning and ready cash to develop a successful farm or ranch unit today. Im livestock or farm prove your operations faster and more ef ficiently with a long-term, low cost Land Bank Loan. Your surest source of money is your nearby Federal Land Bank Association. For friendly financing "know-how association manager today. Get the facts and the loan with unre » see your you'll get a Land Bank Loan — stricted repayment privileges. FEDERAL LAND BANK OF SPOKANE THE SEE YOUR NEAREST ASSO CIATION OFFICE OR WRITE THE FEDERAL LAND BANK OF SPOKANE IJOATfS HEART 11 An £xompfe of tke Lot 2 WBR SILVER A7 Junior Yeorling Bull 'y>. i p ■ iii & 0* m r \ m z « ■ 7SS ■■■■■ * » m ■■ m m . ., .<p» . P XK 1st IN CLASS AT SASKATOON— 3rd im 1st IN CLASS AT EDMONTON CLASS AT WYOMING STATE FAIR HE SELLS AT THE WBR PRODUCTION SALE — OCTOBER 10 At riu Ranch Se« P©gc 29 for Further Information WBR RANCH ■ - - STORY, WYO. Ida sst Etith Sim p son, Owners '*■ ^^StssmjSÊÊIIBmmu ©nk H ü %» m •ÿ>: : S Â 1 i: P & g ' Si ■ - - % y AT A GLANCE THE NATION S ECONOMY shows signs of stalling after an upward climb in the last two years. Industrial pro duction has slackened slightly in the last three months and indications of a slowdown in coming months have been emerging. Any downturn in economic activity is not likely to be drastic enough to have serious effects on farm prices. It prob ably would slow down the rise in farm ers' costs for industrial goods and serv ices but reduce their chances for in dustrial employment. Consumer ability to buy food and clothing will continue high. Food store sales in July, the latest month reported, were about 5 per cent greater than a year previous, or about in line with the increase in incomes. Also, July exports of farm products were 9 per cent larger than in 1959. CATTLE—In the next two or three months, prices for fed grades probably will be fairly steady at around Septem ber* levels which are lowest in nearly three years. Supplies of fed steers and heifers will continue heavy, but are not likely to run larger than in the last two months. Competition from other meats and poultry probably will be at the peak for the year in Oktober, then will begin to diminish. Fed cattle prices probably will show strength in the early months of 1961, but it is likely to be less than at that time in the last two years. Prices for nonfed cattle probably will be seasonally weak for another month or two because of heavy supplies and competition from other meats. Slaugh ter will continue larger than in 1959. The larger cattle population, the lower level of prices which is weakening the incentive to hold for herd increase and the prospect of high wintering cost be cause of shortage of rough feed will lead to a relatively heavy movement to market. Seasonal price recovery on these classes during winter and early spring will be less than in the last year or two. Prices for stocker and feeder cattle are mostly steady to firm. With corn harvest at hand, buyers are becoming more active, but they are buying cau tiously because of the drop in fat cat tle prices in the last four months and expectation that a further cyclical in crease in cattle marketings will take place next year. However, the declines of $4-5 a cwt. in feeder yearling prices and $7-8 on feeder calves from a year ago discount much of the expected in crease in supplies in 1961 HOGS — Prices probably will decline in the next month or six weeks to levels slightly under the late August low point, then will work upward by midwinter. Supplies are likely to in crease 20 per cent or more over recent volume as more of the spring pigs reach market maturity. Topping out droves at 210-225 lbs. on moderate up turns in the near future and heading lighter weights for market in January or later will be good policy. LAMBS — Prices probably are round ing bottom for the year, although im provement is likely to be small for an other month or two. On the mid-Sep tember break prices were lowest in BUSINESS — Signs of slowdown ht activity are increasing. CATTLE — Prices about steady ap pear likely in near future; longer trend is down. HOGS—Cornbelt growers plan to in crease fall and winter pig crops 3-4 per cent. Prices are near bottom; feeder prices have begun to rise. WOOL—With trade slow, prices hold about steady. WHEAT — Support placements and big exports will cause seasonal price rise. LAMBS RYE—Crop damage in Europe may bring substantial export demand. FEED GRAIN—Corn prices will be weak, others about steady, in near future FLAXSEED—Supply is light in spite of crop increase. SEEDS — Alsike and sweet clover seed supplies are adequate to plenti ful. FEEDSTUFFS—Prices probably will strengthen in late fall. Slow, uneven price rise is likely until midwinter. DAIRY PRODUCTS—New law boosts price supports 5 per cent. EGGS—Prices for fine large eggs are rounding peak for year. CHICKENS—Steady to slightly lower fryer prices are ahead. TURKEYS—Prices probably will hold most of recent gains. POTATOES—Price rise from harvest 4 level will be less than last season. HAY Di ying feed forced several years, many Western producers to sell early, so that market supplies probably are near the fall peak. Interest in feeder lambs has increased and prices have begun to strengthen. Selling or con tracting the range crop probably is about as far along as a year ago. WHEAT — Prices will work higher gradually through fall and early win ter, Biggest advances are likely to be at markets where prices are still well below support. Durum and other spring wheat crops turned out better than ex pected, causing a further price dip, but these markets will soon turn strong er, Light country selling, large place ments under support and heavy exports are the main price strengthening in fluences. Many growers are holding for the usual seasonal price rise or for sale in their next tax year. They will use the support program if prices do not ad vance. Placements under support through August were 252 million bush els against 174 million a year previous. They probably will continue until "free" stocks are less than require ments for the rest of the season. The U.S. Department of Agriculture has made lighter test weight wheat eligible for support Poor crops and a wet harvest in parts of Europe are improving prospects for exports which are expected to reach 525 million bushels or more, enough to average about 2 million bushels every business day through the crop year. RYE—Prices show signs of stabiliz ing near support levels. Total domestic supplies are excessive, but weather has damaged the crop in Europe and there is a chance of sizable exports compared with the surplus. FEED GRAIN—Corn and sorghum prices will be weak in the near future.