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Number 294


Wednesday, August 17,

CR 0 P P R 0 DUCT I 0 N
Total U. s. crop production in 1955, indicated as of August 1, may equal
the 1948 record-iiig'FloutP'Ut, reports the Agricultural Marketing Service. The August
all crops production index is 106% of the 1947-49 average, or the same as the previous-record in 194e; the per acre yield index is 117, compared with the former alltime high of 108. Record 1955 cropS-for the Nation are in prospect for oats, sorghum
grain, hay, and soybeans. Corn production is estimated to be the second highest of
record, with the indicated per acre yield at a new all-time high.
Production of major crops in the Eleventh Federal Reserve District for 1955
and 1954 and the 10-year (19L4~averages are shown in the following table.
Five Southwestern States.~/
(In thousands )

Crop and unit
Cotton (bales) •••.•.•.....•
Corn (bu. ) ••••••••••••....•
Wint er wheat (bu. ) ••...••••
Rice (100-lb. bags) ••...•.•
Sorghum grain (bu.) •••..•••

August 1, 1955







1/ Arizona, Louisiana, New Mexico, Oklahoma, and Texas.
SOURCE: U. S. Department of Agriculture.

1 9




Pecan production in the Nation this year is estimated, as of August 1, at
70,840,000 lbs. - the smallest--crop since 1936, according to the AMS. The 1954 production totaled 90,510,000 lbs., and the 10-year average is placed at 141,437,000
lbs, In Texas the 1955 pecan crop is estimated at 17,500,000 lbs., compared with
24,000,000 lbs. in 1954 and the 10-year average of 32,665,000 lbs.
Receipts of cattle and calves at Fort Worth on Monday, August 15, totaled
L,800, or about 7% below a week earlier and less than half the supply on the comparable date last year, reports the AMS. Prices of beef steers, heifers, and calves were
about steady with last week's close. The following prices were quoted: Commercial
slaughter steers, $15 to $17; Commercial and Good heifers, $13 to $19; Utility cows,
$11 to $11.50; Commercial and Good slaughter calves, $13 to $17.50; and Medium and
Good stocker steer calves, $14 to $20 per c"Wt.

Monday's hog supplies at Fort Worth are estimated at 900, compared with
1,117 on the previous Monday and 565 on the corresponding date in 195L. Frices
were strong to higher, with barrows and gilts bringing 25¢ to 50¢ per cwt. more
than last Friday's averages. Mixed u. s. No. 1 to No. 3 Grade 180- to 250-lb.
barrows and gilts sold at $17.25 to $17.50. Prices for sows held steady with
Choice grades selling at $12 to $15.
Sheep and lamb receipts, totaling 2,500, were substantially above a
week earlier but were considerably smaller than the offerings on the comparable
date last year. Spring lambs continued to comprise the major part of the supplies
and brought steady prices as compared with the latter part of last week. Good to
Prime (mostly Good to Choice) slaughter spring lambs cleared at $17 to $19.50 per
The south Texas broiler market opened unsettled but closed steady during
the week ended Friday, August 12, according to the Texas Department of Agriculture.
In east Texas and the Waco-Corsicana area, broiler markets held steady through the
wee~close, Compared with the previous week, closing prices were unchanged to 1¢
per lb. higher in south Texas, unchanged in east Texas and Waco, and 1/2¢ higher at
the F.O.B. plant in Corsicana. Last Friday's closing prices were: South Texas,
27¢; east Texas, 26¢; Waco, 26¢; and the Corsicana F.O.B. plant, 27.5¢ per lb.
During the corresponding week in 195L, closing prices were 27¢ per lb. in all areas.
On Monday of this week, broiler markets were steady in south Texas and the
Waco-Corsicana area and steady to firm in east Texas. Trading was about normal in
south Texas, heavy in east Texas, and normal in the Waco-Corsicana area, The following prices were quoted: South Texas, 27¢ per lb.; east Texas, 26¢ to 27¢, mostly
27¢; Waco, 26¢; and the Corsicana F.o.B. plant, 28¢.
Broiler chick placements on Texas farms totaled 1,706,000 during the week
ended Augus-tb,reports the AMS. Thisi82% below placements in the previous week
but 30% above those during the corresponding period last year.
The number of persons living on U. s. farms totaled 22,158,000 in April
1955. This is approximately the same asayear earlier but is 3,000,000 fewer than
in 1950. The decrease in farm population between 1950 and 1955 was a continuation
of the long-time downward trend, with the number of farm residents accounting for
13. 5% of the total population by 19 55.
- --

MI S C E 1 1 A N E 0 U S
The timber harvest from U. s. national forests during the year ended
June JO, 1955, is the highest--or-record. A total of 6,328,229,000 bd. ft. was
cut, compared with 5,365,113,000 bd. ft. during the previous year. The value of
the 1955 timber is estimated at $70,760,440,
u. S, agricultural exports totaled $3,130,000,000 during the marketing
season ended June 30, 1955, reports the U. s. Department of Agriculture. This is
7% above the previous season's exports and 11% more than in the 1952-53 season.
Vegetable fats and oils and livestock products accounted for the largest gains;
however, exports of cotton, tobacco, and fruits and vegetables were also larger
than in the preceding season.
J. z. Rowe
Agricultural Economist