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AGRICULTURAL NEWS OF THE WEEK FEDERAL RESERVE BANK OF DALLAS Number 678 Wednesday, December 26, 1962 1 9 6 3 - CR0 P RI CE A recent announcement by Secretary of Agriculture Freeman regarding 1963crop rice 1. Proclaimed marketing quotas. 2. Set January 11 as the date for a referendum to determine producer approval or disapproval of quotas. 3. Proclaimed a national acreage allotment of 1,818,166 acres. This figure is about the same as the 1962 allotment of 1,817,856 acres but is 10% above the minimum allotment of 1,652,596 acres provided by law. Acreage allotments were kept at the minimum for each of the 6 years immediately preceding 1962. 4. Announced apportionment of the 1963 national acreage allotment among the rice-producing states. 5. Set the advance national average support price for rice at $4.71 per cwt., or the same as the 1962-crop support price. If marketing quotas are approved by two-thirds of the rice producers voting in the January 11 referendum, price support will be available to cooperators at not less than the recently announced. national average price of $4.71 per cwt. S E E DL I NGS T 0 TREE T IM E 0 R D E R Ample supplies of tree seed.lings for planting this winter are available from the Texas Forest Service, accord.ing to the Texas Agricultural Extension Service. Pine seedling shipments were scheduled to begin around December 18 from the Indian Mound Nursery near Alto; seedlings for windbreaks will be shipped beginning about mid-February. Orders for trees for forestation or windbreak purposes should be placed right away; seedlings will not be sold for ornamental or landscape purposes. Applications for pine seedlings are available from county agricultural agents, soil conservation districts, Agricultural Stabilization and Conservation Service offices, or district offices of the Texas Forest Service. Forms for ordering windbreaks are available from west Texas county agents and some soil conservation district offices. Either of the forms may be obtained from the Director, Texas Forest Service, College Station, or the Indian Mound Nursery, P. O. Box 337, Alto. TE XAS WI N T E R V E G E T A B L E S Based on conditions as of December 1, an estimated 73,400 acres of winter vegetables will be harvested in Texas during the 1962-63 winter season. According to the Statistical Reporting Service, this acreage compares with 73,200 acres harvested in the preceding season. The estimated acreage for harvest on December 1, 1961, was 81,000 acres, but the freeze on January 9-12, 1962, resulted in a loss of approximately 7,000 acres. L I VE S T 0 C K Cattle supplies at Fort Worth during the week ended Thursday, December 20, totaled approximately 4,100, ~ecting decreases of 28%~ the preceding week and 7% from the corresponding period. in 1961, reports the Agricultural Marketing Service. Trading developed slowly each day, and closing prices for all slaughter classes were mainly steady with week-earlier levels. Good and Choice 850- to 1,265-lb. slaughter steers brought $2~-.10 to $27.50 per cwt., and Utility and Commercial cows sold at $13.50 to $16. Trading on feeder cattle was moderately active, and prices generally were fully steady; Good and Choice 500- to 700-lb. yearling steers cleared at $23.50 to $27. At an estimated 1,500, calf receipts were 200 fewer than in the preceding week but were more than double the year-earlier offerings. The majority of the Good grades of slaughter calves brought $24 to $25 per cwt., and prices for most of the Good and. Choice 350- to 550-1b. feeder steer calves ranged from $24 to $28. Hog marketings are placed at 1,550, which is about 11% above both a week ago and the-corresponding period in 1961. Trading was fairly active each day, and closing quotations generally were fully steady with the preceding Thursday. The bulk of the U. S. No. 1 through No. 3 Grades of 180- to 270-lb. butchers cleared at $16 to $16.50. Sheep and lamb offerings of approximately 6,400 compared. with 9,700 a week ago and 8,600 a year--eaYlier. Demand continued relatively broad for all classes, and. trading was fairly active. Prices mainly were fully steady, with most of the Good and Choice 73- to 89-lb. wooled and shorn slaughter lambs with No. 2 to fallshorn pelts quoted at $17.50 to $18 per cwt. POULTRY During the week ended Friday, December 21, the major Texas commercial broiler markets opened weaker but became steady by Thursday, points out the State Department of Agriculture. At Friday's close, the market in south Texas was fully steady, and that in east Texas showed some strength; the undertone in both areas was unsettled. Supplies were fully adequate throughout the week for the extremely slow trading. Closing prices per lb. in south Texas were 11.5¢ to 12.5¢, mainly 12.3¢ to 12.5¢; and quotations in east Texas ranged from 11.8¢ to 13¢. During the corresponding period in 1961, closing prices were 15.5¢ in south Texas and 14.6¢ to 15.6¢ in east Texas. No report was issued for Monday, December 2t~, because of the Christmas holidays. BROILER CHICK PLACEMENTS Percent change from Previous Comparable week week, 1961 Area Week ended December 15, 1962 Texas ••.••• Louisiana •. 2,426,000 472,000 -8 24 7 22 states •• 35,051,000 -1 8 -3
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