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Number 203

Wednesdsa-, November 18, 1953
C 0 T T 0 N

Spot cotton prices continue to fluctuate around support levels. Some
low grades have been bringing $4.00 to $8.00 per bale above loan values in a few
markets. Loan entries continue heavy.
Cotton ginned !!! Texas through October 31 was slight]3 lower in grade
and longer in staple length than that ginned during the same period a year ago,
according to the USDA.
Upland cotton ginned !!! Texas through October 31 amounted to 2,415,000
bales, compared with 2,590,000 last season, according to the Bureau of the Census.
The USDA sqs in its November l crop report that rice production in this year .is estimated at 14,790,000 equivalent 100-pound bags (centals).
Rice markets in Texas were finn during the week ended November 9,
according to a report of the Texas Department of Agriculture. Trading in rough
rice was limited to a few sales with most bids reported turned down.
Sorghum grain production !!! Texas this year is estimated at 66.5 million
bushels, compared with last year's crop of 48.2 million. Much of the late planted
crop in the northwest part of the State failed to make grain and the small acreage
that survived is being grazed or cut for forage.
After dropping off for several weeks, receipts of cattle at Fort Worth
rose last week, although receipts at the Nation's 12 leading markets were smaller
than the previous week. Fed steers ~ yearlings brought strong to 50 cents
higher prices during the week. Choice fed steers and yearlings drew $21.00 to
$23.50 and a few Prime club yearlings reached $26.50. Good fed beeves bulked from
$18.oo to $20.00.
Demand last week was very good for all kinds of replacement cattle. Prices
on the Fort Worth market advanced as much as 50 cents. Most Medilllll and Good stocker
and feeder steers and yearlings sold at $12.00 to $16.50, several loads of Good and
Choice yearlings $16.50 to $17.50, a few $18.50.
Prices of slaughter calves declined late in the week. Good and Choice
sold mainlJr from $13.00 to $16.06, some up to $18.00 earlier in the week.
Butcher hogd sold as high as $21.50 in Fort Worth on Monday of last week,
but later prices for hoice 190 to 250 pounds were $20.50 to $20.75.
Receipts of slaughter lambs last week were limited. Last week's top on
slaughter lambs was $19.$0. Most Utility to Choice slaughter lambs brought $18.oo
to $19.00.
Texas broiler markets held steady last week as supplies gener~ were
no more than adequate for demand. Prices at the farms were 25 cents to 26 cents for
broilers or fryers weighing 2 1/2 to 3 pounds.

Supplies of turkeys were general.l¥ adequate in Texas although offerings
were light in some sections. It was reported by the Texas Department of .Agriculture
that same processors were withdrawing fran the market. Prices at the fanns for
well-finished broad-breasted young toms on Mondq of this week were 27 cents to
28 cents; young hens 35 cents.
The Bureau of Agricultural Economics in Austin sqs in its November l
General Crop Report that crop production in Texas for the 1953 season is turning
out slightly better than indicated in October. Larger cotton, peanut, rice, and
pecan crops are being harvested, but sweet potato outturn is slight]¥ below earlier
expectations. Harvest of matured crops moved along rapi~ in open weather during
the first two-thirds of the month. During the last 10 days of October, however,
harvest and other field work was almost at a standstill because ot wet aoila.
Peanut ~uction in Texas this year is estimated by the USDA at 174.8
million is more-than double last year's short crop but tar below the
average of the previous 10 years. An Oklahoma ~ ot llO.S million pounds is more
than double the short crop in that State last ye--.rbut slightq below average. A
New Mexico crop of 6.3 million pounds tops last year's harvest b.r less than 1 million
Pecan production in Texas is estimated by the BAE at 38..5 million pounds,
which is 18 percent below tiii large crop harvested last year but is 34 percent above
the 1942-51 average. Production of improved varieties accounts for 15 percent of
the total crop. OklahomaJroduction is estimated at 28 million pounds, versus last
year's 3 million and a 19 -51 average of 19.l million. Louisiana harvest is placed
at 21.6 million pounds as against lJ.5 million last year and an average of 11.8
The Texas Department of Agriculture reported last week that vezy few
Paper Shell pecans of good quality were being marketed. Movement and demand for
Natives was relatively light. Grower pri5es for pecans delivered to the door of
the buyers or shellers were 14 cents to l cents, mostly 14 cents.
The u. s. Department of Agriculture has published a book listing 1 1 027
trees of the United States and Alaska. This check list is designed as an aid to
foresters, botanists, students, and other people interested in trees and is entitled
Agricultural Handbook No. 41. A copy may be obtained from the Supt. of Documents,
GPO, Washington 25, D.-C:,'for $2.00. The book gives the accepted scientific names,
their etymology, current synoI\YDls, approved common names, other common names, range
of native and naturalized American trees, and other information.
It was reported last week that USDA officials either had completed or had
under negotiation arrangements with 8 states for putting into effect cooperative ·
Federal-~ !'!!l. distribution programs.
Agreements had been completed with several
states and a fiiial. draft agreed upon with Texas. Under the general plan, the USDA
makes funds available for transportation of hay for use by eligible tanners and
ranchers in states with drought disaster areas. The states, in addition to providing funds where they are able to do so, are responsible for procuring and distributing the hay. The Department sets aside a definite sum of money for its participation with each state in the drought area. For Texas this sum is $704,000.
~ production in Texas in the first 10 months of 1953 totaled 2,351
million, compared with 2,503 million in the same months last year. Production is
also oft in Louisiana and Oklahoma, while the 10-month total in New Mexico is the
same as a year ago, and Arizona reports a slight increase.
Mille production in Texas in October is estimated by the USDA at 253 million
pounds, compared with 247 iiiI'llion a year ago. Oklahana ~roduction is placed at 136
million pounds for a gain of 10 million over October 19~.

w. M. Pritchett