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AG RI CULTURAL NEWS OF THE W EEK FEDERAL RESERVE BANK OF DALLAS Wednesday, March 24, 1965 Number 795 MARCH March wheat programs, may be obtained (ASCS) offices. 26 IS IMPORTANT DATE FOR FARMERS 26 is the signup deadline for the 1965 fe ed grain, cotton, and spring according to Texas A&M University. Details on each of the programs from county Agricultural Stabilization and Conservation Service P R0 S P E CT I VE P LANT I NGS F 0 R 1 9 6 5 U. S. farmers intend to plant 257 million acres of the 17 crops covered by a March-1 survey, roints out the Stati s tical Reporting Service-.- The acreage is about the same as that seeded in 1964, but there are s ome dramatic shifts among c rops. If growers carry out their plans for the 17 crops and allowance is made for other crops not included in the survey, the 1965 planted acreage of all crops in the Nation could total 307 million acres, or slightly more than in 1964 but the third smallest planted acreage since records were started in 1929. Of the spring-planted crops) soybeans continued to lead in acreage expansion, f ollowed by grain sorghum. Other crops with larger acreages expected for 1965 are all hay, Irish potatoes, sweet potatoes, and dry beans. Oats lead in cro ps reporting a reduction from 1964, followed closely by barley. Cotton and corn each show expected declines of about 1/2 million acres. Smaller acreages also are indicat ed f or tobacco, flaxseed, spring wheat, sugar beets, dry peas, rice, and peanuts. Estimates made in December indicated a 4% larger acreage of winter wheat but a 6% smaller acreage of rye. The following table shows the percentage changes in acreages of selected s pring crops which farmers intend to plant in 1965 from the planted acreages in 1964 f or the states of the Eleventh Federal Reserve District and the Nation. PLANTINGS OF SELECTED SPRING CROPS Five Southwestern States and United States (Percent changes, 1965 from 1964) All corn All sorghums All hay -4 2 -45 -15 19 0 10 -10 2 1 -2 -3 -26 1 -6 - 12 4 Area Cotton Arizona ......•.•• Louisiana .••..•.• New Mexico .....•. Oklahoma ......... Texas ..•.•.••.•.. -2 -6 -2 -5 15 -10 -12 -27 -18 17 -17 0 Five states •••. -5 -17 United States •. -4 -1 SOURCE: u. s. -8 Oats Earley -5 8 0 6 Department of Agriculture . 3 Peanuts Rice 0 -31 0 0 0 0 -1 0 1 0 0 L I VE S T 0 CK Cattle and calf receipts at Fort Worth declined during the week ended Thursday, March 18, while marketings of other classes of livestock adV"ariCed. The cattle supply of-an estimated 3,200 head was 18% below the previous week but was one-tenth larger than in the corresponding 1964 period, according to the Consumer and Marketing Service. Demand was broad for most classes, and trading was moderat e ly active. Slaughter steers sold at prices which were steady to 25¢ per cwt. higher than the preceding Thursday's close. Good 800- to 1,145-lb. slaughter steers brought $19 to $22 per cwt., and Utility and Commercial cows sold at $12.75 to $14.50. Fe eder cattle prices were fully steady to strong, with mixed Good and Choice 475- to 650lb. yearling steers quoted at $20 to $21.50 per cwt. The calf run is placed at 850 head, or 75 fewer than a week ago but 100 more than a year-earlier. Slaughter calf prices were steady to strong. Good grades of killing calves weighing up to 550 lbs. cleared at $18.50 to $20 per cwt., and quotes for mixed Good and Choice 300- to 500-lb. stocker steer calves ranged from $20 to $22.70 per cwt. Hog marketings of about 700 head compared with 575 in the previous week and 1,025 in the corresponding period last year. Following a moderately active start, tradj_ng was active during the latter part of the week. Thursday prices for barrows and gilts were steady to 50¢ per cwt. lower than a week earlier. The majority of the U. S. No. 1 through No. 3 Grades of 185- to 250-lb. butchers cleared at $16.50 to $17.50 per cwt. Sheep and lamb offerings, at an estimated 3,100, were up 48% over the previous week but were less than one-half the year-earlier supply. Slaughter lamb prices were steady to mainly 50¢ per cwt. lower than a week ago, with the bulk of the Good and Choice 77- to 95-lb. spring lambs quoted at $23 to $24.50 per cwt. P 0 ULT RY For the week ended Friday, March 19, Texas commercial broiler markets again opened stronger, with price increases:in both south and east Texas, points out the State Department of Agriculture. The markets held about steady throughout the trading period, but the undertone in both areas was very weak at Friday's close. The closing price per lb. in south Texas was 16.5¢, and quotations in east Texas ranged from 16¢ to 17.1¢. During the corresponding 1964 period, the closing quote in south Texas was 15¢, and east Texas prices ranged from 13.8¢ to 15.5¢. The Texas commercial broiler markets were weaker on Monday, March 22. The following prices per lb. were quoted: South Texas, 16¢, and east Texas,-'15.5¢ to 16.6¢. Area BROILER CHICK PLACEMENTS Week ended March 13, 1965 Percent change from Comparable Previous week, 1964 week Texas •.•••. Louisiana •• 2,999,000 628,000 5 10 2 -1 23 states •. 45,766,000 2 3
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