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AGRICULTURAL NEWS OF THE WEEK
FEDERAL RESERVE BANK OF DALLAS

Number 609

Wednesday, August 30, 1961

R E F E R E N D UM R E S UL T S
WHEAT
Preliminary returns from the August 2l~ referendum in commercial wheatproducing areas show that 79.l.:% of the voting farmers approved marketing quotas for
1962-crop wheat, according to the U. s. Department of Agriculture. As a result of
the favorable vote, marketing quotas will be in effect. In the referendum for the
1961 crop, 87.4% of the voters favored quotas. The number of votes cast on August
24 this year totaled 265,886, compared with 178,718 in last year's referendum.
NEW

0 UT BRE AK 0 F
F 0 0 T - A N D - M0 U T H D I S E A S E
Foot-and-mouth disease has broken out in Southwest Africa for the first
time since 1934, according to the Foreign Agricultural Service. A third of the
country has been quarantined, and all movement of cattle and animal products has
been stopped in the quarantined area. It is believed that the disease was brought
in by trucks carrying bone meal and game meat.
P R 0 D U C T I 0 N P E R MA N - H 0 U R
R I S E S
Output per man-hour in agriculture in 1960 rose more than 6%, compared
with 2% for the nonagricultural sector of the private economy, according to the
U. s. Department of Labor. Per man-hour production in agriculture has risen substantially more than in the nonagricultural segment of the economy for the entire
1947-60 postwar period, largely because of the continued upward trend in farm production and the decline in farm employment.

USDA
BE E F
G R 0 U N D
T 0
P URCHAS E F R 0 Z E N
On August 15, the ~ announced plans to buy frozen ground beef for
schools participating in the National School Lunch Program. The amounts purchased
will depend upon the quantity and price offered. The products must be prepared from
domestically slaughtered and processed beef. Only offers from vendors operating
under Federal inspection will be considered, and the vendors also ~ ~ certificates on file with the USDA, indicating that they are complying with the Humane
Slaughter Act of 1958.

F 0 0 D AND
BUL L E T I N I S S UE D
WATER
The Q. ~. Department of Agriculture, in cooperation with the Off ice of
Civil and Defense Mobilization, recently issued a publication giving information
about food and water supplies which would be needed at home or in family fall-out
shelters in case of a nuclear attack. The bulletin recommends a 2-week emergency
supply of food and water and contains sample menus for preparing reasonably balanced
meals from these foods. Equipment needed for emergency cooking and storage and replacement of food stockpiles are discussed.
Single copies of 11 Family Food Stockpile for Survival 11 may be obtained, free
of charge, from the Office of Information, u. s. Department of Agriculture, Washington
E ME R G E N C Y

25, D. C.

F E E D GRAI N E XP 0 RT S
Exports of Q. 1· feed grains from July 1960 through June 1961 totaled .!l
million ~' or 2% above the same months of 1959-60, reports the USDA. Shipments
of corn were 25% above last year's level.

L I VE S T 0 C K
Receipts of cattle at Fort Worth during the week ended Thursday, August
24, totaled approximately 8,100 head, or 12% below a week earlier and 19% fewer than
in the corresponding period in 1960, according to the Agricultural Marketing Service,
Bidding was fairly active during each day of trading, although prices held at about
the same level as in the preceding week, Good and Choice 865- to 1,090-lb. slaughter steers sold at $23.75 to $24,75 per cwt,; Utility and Commercial cows brought
from $15,50 to $16.50, The demand was fairly broad for all classes of stockers and
feeders, and Medium and Good 560- to 800-lb, yearling and older stocker and feeder
steers sold at $22.10 to $24.60.
The calf supply totaled 1,500, or 300 more than a week earlier but about
the same as a year ago. Most of the Good and Choice slaughter calves were quoted at
$22 to $23.SO, and Good and Choice stocker and feeder steer calves weighing from
350 to 500 lbs, sold at $24 to $26.50,
Receipts of hogs at Fort Worth totaled 1,400, or 30% below the same period last week and 36% below the corresponding period in 1960. Trading was active
throughout the week, Mixed U, s. No. 1 through No, 3 Grades of 180- to 250-lb.
barrows and gilts comprised most of the supply and sold mainly at $18,50 to $18,75.
Sheep and lamb supplies on the Fort Worth market totaled about 6,300, which
was 26% below the previous week but 5% above a year earlier, Most of the offerings
were spring slaughter lambs, Demand was fairly broad for Good 65- to 75-lb, west
Texas feeder lambs, but demand was poor for Common and Medium native feeder lambs.
Mixed Good and Choice 75- to 97-lb, slaughter spring lambs sold at $15 to $15.50.
The small supply of Medium and Good 60- to 75-lb. feeder lambs sold from $10 to $10.50

P 0 UL T RY
During the week ended Friday, August 25, trading was fairly active at the
major Texas broiler markets, but prices continued close to all-time low levels, reports the State Department of Agriculture. Supplies were adequate for the generally
fair demand, and trading volumes ranged from moderate to normal. Closing prices
in south Texas were 11.5¢ per lb., and the weighted average price in east Texas was
11.4¢. During the corresponding period a year ago, closing prices were 16¢ in south
Texas and 16,5¢ (weighted average) in east Texas •
.Q!}. Monday, August 28, commercial broiler markets were steady to fully
steady, with supplies generally fully adequate for the demand. Quotations in south
Texas ranged from 11.5¢ to 12¢, mostly 12¢, No prices~ guoted for east Texas.
Approximately 20% of the sales were at undetermined levels.
The Southwest Poultry Exchange Monday offered 208,100 head, of which
179,100 sold at 11,4¢ to 11,8¢ (farm producers absorbed all rejected birds), and
4,500 sold at 11.1¢ (buyers absorbed all rejects).

BROILER CHICK
PLACEMENTS

Percent change from
Comparable
Previous
week 2 1960
week

Area

Week ended
August 19 2 1961

Texas ••••••
Louisiana ••

2,368,000
433,000

-3

24

-4

14

22 states,.

34 688 000

-3

13