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AGRICULTURAL NEWS OF THE WEEK
FEDERAL RESERVE BANK OF DALLAS

umber 518

Wednesday, December 2, 1959

C A H
T I N
AUN I VE R S AR Y
The 150th anniversary of the 11 tin can" will be celebrated in 1960, according to the U. s. Department of Agricultu~ The well-known metal conta~ for food
a nd many other items was invented in 1810 by an Englishman named Peter Durand. The
Can 11anufacturing Institute is promoting a world-wide celebration of this anniversary
and will stress the role of the can in getting food distributed to the four corners
of the world.

P 0 UL T R Y

I NS P E CT I 0 N

R E GUL AT I 0 NS

AME N D

~

D

The USDA recently announced amendments to the "Regulations Governing the
Inspection of Poultry and Poultry Products." The purpose of these amendments is to
help minimize the amount of moisture absorbed by poultry carcasses during processing
a nd chilling, The amendments will become effective January 1, 1960. Copies of the
amended regulations are being sent to processing plants operating under the inspection program. The amendments were scheduled for publication in the December 1
issue of the Federal Register.
G I N N I NG S
COTTON
Cotton ginned in the !Jnited States prior to November 14 this season
totaled 11.6 million bales, compared with 8.9 million bales a year earlier, points
out the Bureau of the Census. Upland cotton ginned averaged somewhat lmver ia
grade but slightly longer in staple than a year ago,

CAT T L E
P L AN F 0 R
EARTAG
Since the uniform eartag number plan for cattle was initiated in 1955, a
total of 42 states has adopted it for ~ in cooperative Federal-State animal dis~ eradication programs, according to the USDA.
In addition, ~national herdimprovement associations - the Dairy Herd Improvement Association and the National
Association of Artificial Breeders - are using the plan on member herds in all 50
states. The uniform eartag system helps to eliminate the confusion previously
caused by the use of different types of identifying markers in herd-improvement or
disease-control programs.
4 2

S T A T E S

US I NG

S MA L L E R
C R 0 P S
0 AT
B A R L E Y AND
Preliminary estimates place this year's world outturn of barley and oats
at 137 million tons, or 7% below the large output in 1958 but 4% above the 5-year
(1950-54) average, reports the Foreign Agricultural Service. Most of the reduction
is in oats; however, the barley estimate is also down slightly.
VJ 0 R L D

u p
AND
P R 0 DUC T S
0 F
MEAT
exports of ~ and ~ products during the quarter year ended
September 30 totaled almost 54 million lbs., or 34% above the corresponding period
of 1958, according to the FAS. The largest increase was in pork exports, which
registered a 67% gain over the year-earlier volume. The FAS points out that the
upward trend in Q. ~· shipments of meat and meat products is expected to continue.
E XP 0 RT S

Q.

~·

'

~

P 0

I\

I

UL

T R

r

-_-y ;.

During the pre-Thanksgiving holiday week ended Wednesday, Hovember 25, th'""
~ major Texas commercial broiler markets opened steady to fully steady, with south
Texas remaining steady while east Texas became unsettled, reports the State Department of Agriculture. Supplies were adequate, but the demand was very limited becaus
of the holiday demand for hens and turkeys. Hednesday prices of broilers were 15¢
per lb. in south Texas; however, trading in east Texas was too light to determine
market conditions. During the corresponding period in 1958, closing prices were 16c
in south Texas and 15¢ in east Texas.
No sale was held at the Southwe-st Poultry Exchange on Friday, November ]]_.
On Monday, November 30, commercial broiler markets were steady in south
Texas and slightly stronger in east Texas. Quotations were 15¢ in south Texas and
14¢ to 15¢ in east Texas, although 65% of the sales in the latter area were at undetermined levels.

Area

BROILER CHICK
PLACEMEHTS

Week ended
November 21, 1959

Percentage change from
Previous
Comparable
week
week, 1958

Texas ••••••
Louisiana ••

1,607,000
302,000

7
&

-30
-21

22 states ••

26 990 000

1

-5

L I VE S T 0 C K
Cattle receipts at Fort Worth during the 3-day preholiday week ended
Hednesday, November 25, totaled an estimated 5,000, or about the same as the previous week's limited 4-day supplies but 32% more than a year earlier, reports the
Agricultural Marketing Service. Trading was seasonally slow, and closing prices
were generally 50¢ per cwt. lower than in the latter part of the preceding week.
Good and Choice 780- to 1,165-lb. slaughter steers were quoted at $24 to $24.50;
Utility and Commercial cows, mostly $14 to $16; and Medium and Good 550- to 675-lb.
yearling stocker steers, $20 to $23.
The calf~ was approximately 2,200, compared with 1,800 a week ago and
1,300 during the corresponding period last year. Trading on slaughter calves was
a little less active than in the previous week, and the selling level was fully
steady to strong. High-Good and Choice killing calves brought $23 to $25, and
Medium and Good stocker and feeder steer calves cleared at $23 to $27.
Hog offerings of 1,600 were 100 fewer than a week earlier but about the
same as a year ago. Prices of butcher hogs were 25¢ to 50¢ higher than in the
latter part of the preceding week. The majority of the mixed U. s. No. 1 through
No. 3 Grades of 190- to 245-lb. barrows and gilts sold at $12.50 to $13.
A total of 6,500 sheep and lambs was received at Fort Worth during the
week ended Wednesday, November 25, or more than double the marketings of both a
week ago and the comparable period in 1958. Trading on slaughter lambs was
generally slow, and quotations were steady to 50¢ lower than in the latter part of
the previous week. Good and Choice 82- to 97-lb. shorn slaughter lambs with Ho, l
and No. 2 pelts brought $17 to $17.50.

J. z. Rowe
Agricultural Economist