Newspaper Page Text
By RAY REIMAN AVERAGE PRICES received by the nation's farmers during the month just past dipped slightly below October and below November, 1960. At 238 per cent of the 1910-14 average, the November price index was three points under a year earlier. The all-crop price index of 223 weak ened from October but held at four points above last fall. While the over all year-to-year difference was the re sult of a downturn in the livestock and product index, the real break came in dairy, poultry and eggs, which are in cluded in the livestock and product category. \ The index of prices paid by farmers, meanwhile, remained at 301 for the fourth straight month. It's the highest November index on record, standing at about 1 per cent above a year earlier. BEEF CATTLE—Outlook for the win ter and spring looks more "normal than it has for some time. With top quality making up a smaller share of the winter-spring total than a year ago, „and weights due to average lighter, price spreads will widen and heavy animals will suffer less price discrimi nation. It creates the incentive to put on more finish during winter. Try to have steers cleaned out before spring, however. Even though prices won't dip nearly as sharp as a year earlier, the expected weakness plus spiraling feed costs on heavy animals may remove a big chunk of the profits. After maintaining strong prices throughout the big fall movement, stockers and feeders won't likely ad vance any more after December than the slight gains of last year. With corn costs up and the year-ahead slaughter outlook similar to this year, feedlot operators won't have much reason to push spring feeder prices up either. 99 HOGS — Substantial price improve ment is due shortly . . . carrying through about the next 60 days or so. Good chance February prices will reach about $1.50 per cwt. above fall lows. Marketings will soon shift to a summer pig crop about the same size as last in contrast to 10 per cent year slaughter increases through much of the fall. Strength won't likely be soon enough or great enough to justify holding back hogs now much above 200 lbs. With lard very plentiful, overfat hogs will continue to be discriminated against during weeks just ahead. Plan to carry current lightweights up to 230-240 lbs. during early months of 1962. ACTUAL vs. PARITY PRICES Comparison of U.S. average prices received by farmers on Nov. 15, 1961, with parity Ices, as reported by U.S. Department of Agriculture: Actual Parity As Farm % of Price Parity $21.30 23.70 26.20 25.20 Average Farm Price $15.70 19.90 23.70 15.10 74 Hogs per cwt. . Beef cattle, per cwt. ... Calves, per cwt. . Lambs, per cwt. .. Wool, per lb. . Butterfat, per lb. . Milk, wholesale, per cwt. . , . Chickens, live, per lb.. Turkeys, live, per lb. . Eggs, per doz. .. Wheat, per bu. . Corn, per bu. . Rye, per bu. .. .. Oats, per bu. . Barley, per bu. .... Hay, baled, per ton .. . Flaxseed, per bu... Potatoes, per cwt. .. Apples, per bu. .. Beans, dry edible, per cwt. . Average farm price adjusted for seasonal variations: Milk, wholesale, per cwt Eggs, per doz. 84 90 6U 54 .405 .749 81 607 .749 5.12 80 4.53 46 .116 .251 .346 53 .184 .36 .47 70 79 1.87 2.38 1.62 38 .94 71 1.05 1.47 .84 77 .64 1.00 1.25 80 20.50 25.30 81 3.12 3.79 82 1.24 2.45 SI 84 2.27 2.69 9.00 82 7.39 4.08 .327 * Outlook at a Glance FARM PRICES—Averaging slightly below last year. BEEF CATTLE — More "normal" outlook for winter-spring; less price discrimination against heavy steers. HOGS—Substantial price improve ment is due shortly. LAMBS — Fall feeder shipments off more than 10%. WHEAT — Little profit to be gained by holding most classes. RYE—Sell now, unless you want to defer income into 1962. FEED GRAINS — Corn strength may be long coming; oats and barley are well "overpriced" as feeds. HAY—Quality hay prices will likely advance. DAIRY — Off-season chick hatch is up 30%. POULTRY — Consumers will resist mutch broiler strength; huge frozen stocks to weigh on turkey prices. POTATOES — Diversion payments drop 20 cents after Dec. 31. LAMBS—Shipments of feeders into North Central States have been off much more from last fall than the 6 per cent cutback in number on feed Nov. 1. It indicates total feeding op erations may be down 10 per cent or more. Lighter marketings from fed crop, plus a marked shift from last winter spring's liquidation to a firm holding attitute, paves way for about $3-plus gains during the next three to five months. WHEAT—Strength since harvest has been aided by rapid export pace and tight farmer holding. But prices at some points have worked up to levels permitting CCC to move out stocks. And exports aren't expected to keep up the price of recent months. Except possibly on quality soft wheat, profit able gains for further holding are be coming highly doubtful. FEED GRAINS—The administration appears determined to keep the pres sure on corn and sorghum prices throughout the winter. And CCC has ample supplies (and authority) with which to do it: about a Kblf billion bush els of "certificate" corn plus any that might be going "out of condition." Dur ing late spring and summer, market should work closer to loan levels. It means corn must be of safe moisture and in good storage to return a hold ing profit. While oats and barley supplies are down, prices will likely move up little so long as corn doesn't show much gain. They're already overpriced In terms of feeding value, when compared with corn. If you need feed, sell small grains and replace with corn unless transportation costs eat up the advant age. HAY—For the country as a whole, hay prices aren't averaging any higher than last fall. The over-all supply is ample, and even drought-stricken areas have generally moved in about enough total forage to carry them through the winter. It's still best to buy now if you need winter supplies—prices on quality hay are still due to advance several dollars a ton. DAIRY — Milk prices will probably work lower through the winter and spring under the pressure of seasonally increasing supplies. Class I milk prices are due to show the greatest year-to year spread. With returns being squeezed further, culling the money-losers with a sound production-testing program is becom ing even more important. Market the boarders before prices weaken sharply by late summer and fall. EGGS—The higher average rate of lay will keep production up and prices sagging through most of the winter and spring. In addition to the current flock, the July-November egg-type chick hatch was up 30 per cent from last year; increasing supplies from these 3k** -7a HIGGINS BROS HEREFORDS RINGLING. MONTANA t. BULLS A FEMALES FOR SALE Phone 5201 or 5202 White Sulphur Springs Bill Higgins Cow Herd Eldon King, Herdsman FOR SALE 14 Yearling Bulls 30 Bull Calves Some Heifer Calves MOREHEAD HEREFORDS Phone DA 7-2481 E. D, Morehead, Jr. FISHTAIL, MANTANA Larson Hereford Ranch See the Calves by these top herd sires: King Promise B3 and Domino Heir 107, Vis itors always welcome. LOWRY LARSON Phone INgersoll 6-2255 Bynum. Mont. CHRIS JACOBSON REG. HEREFORDS SUN RIVER, MONT. 1 Bull Calves for Sale Phone AM 4-3231 'Specializing in the Cowman's Kind" 2T HEREFORD RANCH Yearling Bulls MUNGAS BROS. Philipsburg, Montana JENSEN BROS. HEREFORDS ★ Quality I.P.R. Bulls For Sale Real Prince A Zato Heir Breeding Phone HU 5-2733 CIRCLE, MONTANA Farming is a hazardous business. Guard carefully against accident but protect your self from loss by taking out a Montana Farmer - Stockman SPECIAL ACCIDENT INSURANCE POLICY Full information on request.- Write Insurance Dept., Montana Farmer-Stockman, Great Falls. Mont. pullets in the spring may well offset the expected strong demand by breakers. POTATOES — Active processors and liberal use of the diversion program, especially in the West, are keeping this year's price situation from being even worse than it is. Without much winter price recovery in sight, keep moving spuds out gradually, making use of di version program if it's offered in your area. drop from 60c to 40c per cwt. after Dec. 31. Note that diversion payments Weather Summary Mean Temperature and Total Precipitation November, 1961 United States Department of Commerce Weather Bureau Office, Helena, Montana * £ e « a - 3 a S fi f S h L £ L || s g.1 « || O «S »>o 'S g g 1 « S Ûfc H OZ Billings . 31.2 —4.6 1.55 +0.87 13.30 +0.88 Butte 25.1 —3.1 0.36 —0.33 10.80 Glasgow . 27.6 —0.4 0.19 —0.33 8.73 —4.00 Great Falls 30.0 —5.2 1.49 + 0.82 10.18 Havre . 26.2 —4.7 0.22 —0.26 9.30 Helena . 27.8 —3.9 0.37 —0.27 7.63 —3.06 Kalispell 26.6 —5.4 1.07 —0.48 14.20 —0.61 Miles City . 30.0 —3.0 0.56 + 0.07 9.96 —2.37 27.1 —4.8 1.38 + 0.27 13.12 +1.19 Boz, (St. Col.) . . • • 1.10 + 0.03 15.87 —0.84 • 0.56 —0.05 12.33 —1,25 • 0.04 + 0.08 10.87 —0.20 • 0.11 —0.27 9.11 +0.24 • 0.19 —0.17 12.42 —0.36 • 0.50 —0.21 13.15 —3.00 • 0.12 —0.23 8.69 —3.32 Medicine Lake . * • Tr. —0.38 10.34 —1.97 •—Temperature data not available at press time. S ■u !S ». S J» B s. I s I s 0 1.26 3.15 .62 Missoula Broadus Cut Bank Dillon jrlendive Lewistown Malta Prescott HI erefords BELGRADE, MONTANA "Where . Buyers . Repeat and . Become . Our . Friends AMMEN HEREFORD RANCH Yearling Bulls for Sale at the Ranch GEORGE A. AMMEN Fh. FB 9-4687 MONTANA TURNER HEREFORD RANCH LUND RESERVE, MONTANA Conformation Plus Gainability" Member Montana Beef Performance Assn. I YEARLING BULLS FOR SALE English and Canadian Breeding BEN G. PETERSEN herefords Telephone FRankiin 4-2297 BUFFALO, MONTANA GOLDENSTEIN BROS YOUR VISITS TO THE RANCH ALWAYS WELCOME 2 Miles on South 3rd, Route 2 BOZEMAN, MONTANA HEREFORDS FRASER Featuring Evan Mis chief. Colorado Bald win and Tex Regent breeding. REEDPOINT, MONTANA Hereford Ranch BAYERS . HEREFORD RANCH • • TWIN BRIDGES. MONTANA Founded in 1918 Specializing in Low, Thick, Heavy-Quartered Hereford^ MONTANA SHORTHORNS The profit factor for your beef production. Purebred Sale March 2-3, Billings. Breeding Stock available. For current listings contact: MONTANA SHORTHORN ASSN. Roy Gfeller, Sec. Big Timber, Moat.