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Number 705

Wednesday, July 3, 1963

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"Inspection Plus Correction Equals Protection" is the theme for National Farm Safety Week, July 21-27, according to the Texas Agricultural
Extension Service. In prc;craiming ·the week, President Kennedy called upon all Americans - especially those associated with agriculture - to
unite their efforts to reduce the number of farm, home, and highway accidents.
National Farm Safety Week is sponsored by the U. S. Department of
Agriculture and the National Safety Council. These agencies work in cooperation with the state agricultural extension services, farm organizations, the farm press, radio, television, and other interested individuals
and groups.

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The USDA recently announced that shorn wool payments for the 1962 marketing year (April 1, 1962-March 31, 1963) - t~ng the average wool price-of 47.7¢
per ~up to the previously announced incentive level of 62¢ per lb. under the National Wool Act - will amount to 30% of the dollar returns each producer received
from the sale of shorn wool during the year. This action will result in an incentive payment to producers of $30 for every $100 received from the sale of shorn
wool during the eighth year of the program, compared with a payment of $44.50 per
$100 of wool sold during the 1961 marketing year. Also announced was a payment
rate of 57¢ per cwt. on the liveweight of unshorn lambs to compensate for their
wool. This payment on sales of live lambs that hav:e-Ilever been shorn is based on
the shorn wool payment and is designed to discourage unusual shearing of lambs before marketing. The 1962 payment rate compares with 76¢ per cwt. for the 1961
marketing year.
The payment rate for mohair will be 3.6% of the dollar returns each producer received from the sale of this commodity during the 1962 marketing year. The
payment to producers - $3.60 for every $100 received from the sale of mohair - will
bring the average mohair price of 71.4¢ per lb. up to the previously announced support level of 74¢ per lb. These payments will be the first made on mohair under the
National Wool Act, as the average prices received by mohair producers during each of
the first 7 years of the program were above the established support prices.
U. S. production of deciduous (noncitrus) fruits in 1963 is expected to be
below both-i9b2 and the 1957-61 average, according to the Economic Research Service.
This outlook follows a reduced 1962-63 citrus crop and generally unfavorable prospects
for the 1963-64 output. Consequently, total fruit production in 1963 is expected to
be the smallest in several years. The 1963 deciduous crop more than likely will sell
at generally higher prices than the larger 1962 outturn. Supporting this prospect

are lighter remaining stocks of canned fruits - some at advancing prices - and expected rising consumer incomes.
Marketings of cattle and calves at Fort Worth during the week ended Thursday, June 27, reflected gains over both a week'earrrer-and a year ago, ·while receipts
of hog'Sandof sheep and lambs registered decreases. According to the Agricultural
Marketing Service, the cattle run is placed at 6,400, or 1,000 more than in the preceding week and 500 above the corresponding period in 1962. Trading on slaughter
steers was generally slow, while that on other classes was moderately active. Slaughter steers and heifers sold at prices which were mostly steady to 25¢ per cwt. higher than on the previous Thursday. The following prices per cwt. were quoted: Good
860- to 1,135-lb. slaughter steers, $22.25 to $22.50; Utility and Commercial cows,
$13 to $15.75; and Good 500- to 700-lb. feeder steers, $22 to $25.
The calf supply of approximately 1,500 compares with 1,450 a week earlier
and 900 a year--agQ. Prices for slaughter calves were steady to 50¢ per cwt. higher
than on the preceding Thursday. Good grades of killing calves cleared at $23 to
$24.50 per cwt., and quotations on feeder steer calves ranged from $23 to $28.50.
A total of 1,450 hogs was received at Fort Worth during the week ended
June 27, representing decliileSof 9% from a week ago and 19% from the corresponding
period in 1962. Active trading and higher prices in the Corn Belt proved a bullish
influence on the local market, and quotations on barrows and gilts advanced $1 to
$1.50 per cwt. The Thursday peak of $18 was the highest Fort Worth price for butchers since October 25, 1962.
Sheep and lamb offerings, at about 8,200, were one-fourth fewer than a week
earlier and"'3b'% beioWS:-year ago. Prices for slaughter lambs and yearlings were
weak to 50¢ per cwt. lower than the preceding Thursday's close. The majority of
the Good and Choice 65- to 97-lb. wooled spring lambs cleared at $18 to $20 per cwt.
During the week ended Friday, June 28, the major Texas commercial broiler
markets opened steady and remained steady throughout the trading period, closing
with a firm undertone. According to the State Department of Agriculture, trading
was normal to brisk. Closing prices per lb. were: South Texas, 14.5¢; and east
Texas, 13.4¢ to 14.1¢. During the corresponding period in 1962, the closing quotation in south Texas was 13¢, and prices in east Texas ranged from 13.5¢ to 14.4¢.
On Monday, July 1, commercial broiler markets were fully steady in south
Texas and steady in east Texas. The price in south Texas was 14.5¢ per lb., and
quotations in east Texas ranged from 13.4¢ to lL~.3¢.


Week ended
June 22, 1963

Percent change from
w~kz 1962

Texas •.••.•
Louisiana .•




22 states ..