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Wednesday, January 6, 1965

Number 784

1 9 6 5 - CR0 P RI CE
An announcement on December 24, 196h, by the U. S. Department of Agriculture regarding 1965-crop rice 1.

Proclaimed marketing quotas and set January 26, 1965, as the date
for a referendum to determine producer approval or disapproval of


Proclaimed a national acreage allotment of 1,818,638 acres about the same as the 1964 allotment.


Announced 1965 state acreage allotments, which are the same as
for 1964.


Set the national average sup~ort price at $4.50 per cwt. 'Ihis
price compares with the 19b4-crop support price of $4.71 per cwt.

If marketing quotas are approved by two-thirds of the rice producers
voting in the referendum on January 26, 1965, price support will be available to
cooperators at not less than the average price announced on December 24, 1964. If
marketing quotas are disapproved, there will be no restrictions on rice marketings.
Acreage allotments will remain in effect as a condition of eligibility for price
support at 50% of the parity level, as required by law, if quotas are disapproved.






A new credit service to help low-income families in rural areas increase
their incomes has been announced by Secretary of Agriculture Freeman. The new service makes available, for the first time, Government credit aid to many low-income
rural families who previously were unable to obtain either public or private loans
to improve their earnings. Local USDA offices, serving all rural counties, are
accepting applications for loans up to $2,500 to finance small family businesses,
trades, services, and farming enterprises. Rural cooperatives serving low-income
families and providing services and facilities not otherwise available may also be
eligible for credit under the program. Borrowers also will be provided continuing
management aid to help them make a success of their new businesses or farming enterprises. The interest rate on such loans to individual families and cooperatives is

4 1/8%.
T 0
B 0 0 ST
A to~dressing of nitrogen fertilizer on fall-seeded small grains will
boost forage production for livestock grazing during the fall and winter and will
increase grain yields. R. J. Miears, Agronomist with the Texas Agricultural Extension Service, says that soil should be tested in order to determine the most efficient rate of nitrogen to be applied. The proper amount of nitrogen is directly
related to the available moisture in the soil.

This publication was digitized and made available by the Federal Reserve Bank of Dallas’ Historical Library (

L I VE S T 0 CK
The Fort Worth cattle run during the week ended Thursday, December 31,
1964, total ed 3,200 head, representing increases of 78% over a week earlier and
~over a year ago, reports the Agricultural Marketing Service. Thursday quotations for average-Good and Choice slaughter steers were steady to 25¢ per cwt. lower
than on t he preceding Wednesday - the last day of appreciable receipts in the Christmas holiday week. Quotations for all other classes of steers and practically all
he ifers decli ned 25¢ t o f ully 50¢ per cwt. The majority of the Standard and Good
800- t o 1,215-lb . slaughter steers sold at $19 to $21 per cwt., and Utility and Commercial cows brought $12.50 to $13. 50 . Feeder cattle prices remained about steady,
with Good and Choice 450- to 600-lb. yearling steers quoted at $15.50 to $20.75 per
Calf receipts are placed at about 700, compared with 450 a week ago and
625 a year earlier . Thursday pr ices for s l aught er calves were steady to 50¢ per
cwt . h igher than in the previous week . The major ity of the mainly Good grades of
killing calves cl eared at $17 . 50 to $18 . 50 per cwt . , and most of the Good and Choice
300- to 450-lb . stocker st eer cal ves br ought $16.50 to $20 per cwt.
A total of 475 hogs was received at Fort Worth during the week ended
December 31, 1964, or 250 fewer than in the preceding week and 200 below the yearearlie r f igure. Closing quotations were generally steady with the preceding Wednesday. The bulk of the 4-day supply of U. S. No. 1 through No. 3 Grades of 190- to
265-lb. butchers cleared at $15.75 to $16.25 per cwt.
Sheep and lamb marketings of approximately 2,100 were more than double
the week-earlier offerings but were about one-third less than a year ago. Prices
for slaughter lambs were fully steady to 50¢ per cwt. higher than in the previous
week, with Good and Choice 64- to 95-lb. shorn offerings quoted at $19 to $20.50
per cwt.
The major Texas commercial broiler markets generally were fully steady
during the 4-day trading period ended Thursday, December 31, 1964, reports the
State Department of Agriculture. (No report was available for Friday, January 1,
1965, because of the New Year's Day holiday.) The closing quotation per lb. in
south Texas was 14¢, and east Texas prices ranged from 12.5¢ to 13.5¢. During the
corresponding 1963 period, closing quotes in south Texas were 12¢ to 13¢, and those
in east Texas ranged from 11.8¢ to 13¢·
On Monday, January 4, 1965, commercial broiler markets were weaker in
south Texas and steady in east Texas. Prices per lb. were: South Texas, 13.5¢,
and east Texas, 12.5¢ to 13.3¢.


Week ended
December 26, 1964

Percent change from
week, 1963


Texas •.••••
Louisiana ..




22 states •.