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AGRICULTURAL NEWS OF THE WEEK FEDERAL RESERVE BANK OF DALLAS Number 612 Wednesday, September 20, 1961 CR0 P I 11 S U R A H C E F 0 R 1 0 0 NE W C 0 UHT I E S Federal crop insurance will be available in 100 ~ cou~1ties throughout the United States in 1962, according to a rece~t announcement by Secretary of Agriculture Freeman . A total of 991 counties will be included in the program. Insurance will be offered on irrigated grain sorghums and peanuts next year for the first time. Crops on which insurance protection will be offered in 1962 are: Barley, beans, cotton, corn, citrus fruit, irrigated grain sorghums, oats, peaches, peanuts, rice, soybeans, tobacco, and wheat. Under the Federal Crop Insurance Corporation program, farmers in counties where the insurance is available pay premiums for protection of designated crops against loss from causes beyond their control, such as weather, insects, and disease. US DA F 0 0 D D0 NAT I 0 NS RE AC H A L L - T I ME HI GH Q. .§_. Department of Agriculture food donations at home and abroad reached a record high during the fiscal year ended June 30, 1961. More tha;_1 3. 7 billion lbs. were used in various programs, or 31% more than a year earlier. The cost of donated commodities to all outlets during 1960-61 amounted to nearly $454 million, compared with $295 million in the preceding fiscal year. The following are the numbers o:c persons in family units receiving donated commodities in June 1961 in the Eleventh District states: Arizona, 81, 04.6; Louisiana, 212, 02 6; ~ Metlc';", "69,"9 66; Oklahoma, 2 73, 75l:.; and Texas, 201, 410. of~ GROWERS POTATO R E CE I VE AS S I S T ANCE T 0 Secretary of Agriculture Freeman recently announced that the ~ will assist potato growers in marketing the 1961 crop of potatoes by encouraging diversion of potatoes to starch, flour, and feed. This year's potato output is expected to provide supplies co~siderably in excess of market reauirements. MONKEYS I MP 0 R T E D F 0 R MA K I N G P 0 L I 0 VACC I NE Q. Q. imports of monkeys and other primates - including baboons, chimpanzees, and lemurs - have averaged about 200,000 annually during the past 2. years, according to a recent report of the Foreign Agricultural Service. Most of the imports are Rhesus monkeys, transported by air from India, Pakistan, and the Philippines, for use in making polio vaccine. E RADI CAT E H 0 G CH0 L E R A PROGRAM T 0 President Kennedy recently signed legislatio~ authorizing the ~ to undertake a broad Federal-state program to eradicate hog cholera from the Nation. The Animal Disease Eradication Division of the USDA's Agricultural Research Service will administer the Federal phases of the program in cooper at io ~1 with stat es that desire to participate. ARS animal disease authorities point out that, with the incidence of hog cholera at a 13-year low, the time is ripe to attempt eradication. ber ll~, L I VE S T 0 C K The cattle supply at ~Worth duriag the week ended Thursday, Sentemwas below both a week ago and a year earlier as a result of ~ caused by Hurricane Carla. According to the Agricultural Marketing Service, the cattle run was an estimated 6, 400, compared with 7, 100 i~1 the preceding week and 14, 100 durL1g the corresponding period in 1960. Tradin3 Oi.1 slaughter steers was fairly active, a~1d prices were steady to weak. Hostly Good 925- to 1, 215-lb. slaughter steers cleared at Q23 to $23.75 per cwt., and Utility and Conunercial cows brought ¢14.50 to $16.50. Trading 0~1 stockers and feeders was fairly active, a::1d prices were fully steady, with Good and Choice 500- to 700-lb. stocker steers quoted at $22 to $20. The calf~ of 1,100 was 100 more than in the previous week but was less than half the year-earlier figure, Thursday prices for slaughter calves were fully 50¢ higher than a week ago. Good and Choice grades of killing calves brought up to $24, a~d 350- to 500-lb. stocker steer calves sold at $23.50 to $27. Hog receipts totaled approximately 1,200, reflecting decreases of 8% from the preceding week a~1d 40/o from a year ago. Trading was active throughout the 4-day period ended September 14. Compared with the previous Thursday, prices for barrows a;.1cl gilts weighing over 200 1 bs. were 50¢ to $1 higher, while quotations on lighter weights were mostly steady. The majority of the U. 8. No. 1 through No. 3 Grades of 190- to 260-lb. butchers brought $18.75 to $19.25. Sheep and lamb marketings are estimated at Lt,300, compared with 6,500 a week ago aad 9, 000 during the corresponding period last year. Demaud was broad, ai.1d trading was fairly active on the reduced supplies, despite the slow movement and generally lower dressed lamb prices at most major centers during the trading period. All classes of sheep and lambs sold at generally steady prices, with mixed Good and Choice 80- to 91-lb. slaughter spring lambs quoted at $15.50 to $16. P 0 UL T RY During the week e~ded Friday, September 15, the major Texas coITu~ercial broiler markets ope~ed weaker in south Texas and about steady in east Texas, reports the State Department of Agriculture. The markets showed almost no sales and moveme:.1 t . early in the week, as a result of Hurricane Carla. The south Texas market settled Thursday aad remained steady through Friday's close; the~ Texas market improved Thursday and closed steady. Undertone in both areas was firm at the close of the tradi~g period. Closi~g guotatio~s were about 0.5¢ per lb. higher in east Texas and 0.5¢ lower in south Texas. Closing prices were 11¢ in south Texas, and the weighted average price in east Texas was 10.9¢. During the corresponding wEek in 1960, closing quotations in south Texas were 16¢, and the weighted average ia east Texas was 15 .L:-¢. Coromercial broiler markets were stronger in south Texas and improved in east Texas on Monday, September 18. Supplies were adequate for the demand, and movement was normal. Quotations were: South Texas, 11.5¢; and east Texas, 11.2¢ to 11. 6¢, with 3l:.% of the sales at undetermined levels. The Southwest Poultry Exchange at Center, Texas, offered and sold 138,000 broilers oa September 18. The supply cleared at 11.2¢ to 11.6¢ (farm producers absorbed all rejected birds). 1 chan~e from Comparable week, 1960 Area Texas •••••• Louisiana •• 2,056,000 381,000 -7 25 1 7 22 states •• 31 742 000 -2 9 BROILER CHICK PLACEMEl1TS Perceil.t Previous week Week ended Se2tember 9z 1961
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