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Wednesday, January 11, 1956

Number 315

On December JO, 1955, the Acting Secretary of Agriculture announced the
f ollowing actio ns with regard to 1956-crop rice.
~*" Proclaimed a national rice acreage allotment of 1,639 ,08L acres.
7(Announced state rice-acreage allotments-.-- ---7(Proclaimed-a"""'iiational marketing-quota based on the allotted acreage.
~(- Set January 27-;-l~b, as the date for a r efe rendum to determine
producer-approval or disapproval of marketing quotas.
7(Set the minimum national ave ra ge supp ort price at $L.OL per cwt.,
which is 75% of the parity level on November 1 5~,l~ The support
price for 1955-crop rice was $L.66 per cwt., or 85% of parity.
The 1956 national rice acreage allotment i s 15% below the year-ear lie r
allotment of l,928,J3L acres. The acreage allotments for 1956 for the rice-p ro ducing
states in the Eleventh Federal Reserve District (and the 1955 allotments) are:
Arizona, 10 acres (269);-Louisiana, w60,70Ll acres (558,9JL); Oklahoma, 38 acre s
(175); and Texas, L21,J60 acres (L96,929).

The index of prices received by Texas farmers and ranchers on December 15,
1955, was 2L7%0'fthel910-lw average, or 1% below the month::earlier index and the
lowest level since June 19L6. The livestock and livestock products index was unchanged from that of mid-November, as a result of offsetting price changes for these
commodities. However, increases in the prices of feed crops did not offset the
lower prices received by Texas farmers for cotton, vegetables, and fruits.
1 9 55 CR 0 P VA1 UE S
The total value of principal crops grown in Texas during 1955 is placed
at $1,237,000,000, or 7% below a year earlier, according to the Agricultural Marketing Servi ce. The · acreage-c:;r-principal crops harvested in 1955 also is estimated at
7% below that of a year ago . Generally, higher yields per acre offset the lower
average prices received by Texas farmers for their crops. Record-high yields were
realized for rice, Irish potatoes, sweet potatoe s , and Sudan grass seed; yields of
corn, cotton, sorghum grain, and hay were at near -record levels, In Louisiana and
New Mexico, the val ue of crops produced in 1955 decreased 5% and 12%,--r8Spectively,
from a year earlier. Comparable data for Arizona and Oklahoma are not available.
Major Texas broiler markets were generally steady to firm during the week
ended Friday, January 6, 1956 , reports the State Department of Agriculture. Trading
was normal in all areas; however, closing trading in east Texas was unusually heavy.
Closing prices were unchanged to 1.5¢ per lb. higher than in the previous week, with
the following prices quoted: South Texas, 22i; east Texas, 20¢ to 22i, mostly 21¢
to 2?i; Waco, 2li to 21.Si, mostly 2li; and the Cors icana F.O.B. plant, 2J.5¢. During the corresponding period in 1955, closing p rices were 21¢ per lb, in all areas.
On Monday of this week, broiler markets were steady to firm in south Texas
and about steady in east Texas-and the Waco-Corsicana area. The following prices

were quoted~ $outh Texas, 22¢ to 23i, mostly 22¢; east Texas, 20¢ to 22i, mostly
21¢'; 11 Jaco, 21¢.; and the Corsicana F .O.B. plant, 23¢ per lb.
During the week ended December 31, 19 55, ,Elacements of broiler chicks
on Texas farms totaled 1,708,000. This is 5% more than placements in the preceding
week and 6e% above those for the comparable period a year earlier.
According to the AMS, receipts of cattle at Fort Worth on Monday, January 9,
1956, are estimated at L,400, or---more than double the week-earlier supplies and 50~0 larger than those on the corresponding day in 19550 The market for slaughter stee rs
and yearlings was slow and weak, while that for cows was about steady as comp ar ed
with the past week. Trading of stockers and feeders was slow, and prices were ste ady
to weak. Commercial and Good fed steers and heifer~; sold at $14 to ~ 17 .. 50; beef Cff "' s ,
~.10.50 to ~pl2; and Medium and Good stocker and feeder steers, ~ . 13 to ~ 17,
Monday's calf supplies totaled 900, compared with 390 a week earlier and
836 at the same time in 1955. Trading was slow, with prices steady at the opening
of the market but weaker at the close, Commercial and Good slaughter calves brought
$13 to $17. 50, and Medium and Good stocker steer calves cleared at $1L to ~~17 per
Hog marketings are estimated at 900, or several times larger than the
past Monday's very small supplies but 17% fewer than a year earlier. Prices were
mostly steady with those in the latter part of the past week, with most No. 1 and
No. 2 Grade 200- to 240-lb. butchers quoted at $11,75 per cwt.
Monday's sheep and lamb marketings totaled 5,000, which was the largest
1-day supply since July 1955 .Lambs comprised about 85% of' the offerings, with
about one-fourth of the supply going to feeders, Trading was very slow, as packers
were determined to buy at lower prices, Slaughter lambs sold at 50¢ to mostly 1
lower than a week earlier, while prices for aged sheep and feeder lambs were steady,
Good and Choice shorn slaughter lambs with No. 1 and No, 2 pelts brought ~ 16.50 to
P R 0 DU CT I 0 N
Production of red meat in the Nation's commercial livestock slaughter
plants during l\JOVemterl95S totaled 2,403 million lbs., reports the AMS. This
represents increases of 3% from the month-earlier output and 9% from the November
1954 level.
In Texas, commercial meat production during November 1955 is estimated
at 110,600,000 lbs., or 5% above the revised estimate for the same month a year

J. Z, Rowe
Agricultural Economist