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AG RI CULTURAL NEWS OF THE WEEK
FEDERAL RESERVE BANK OF DALLAS

Number 816

Wednesday, August 18, 1965

P R0 S P E C T I VE
1 9 6 5
C0 T T 0 N P R0 DUCT I 0 N
Based on August l conditions, the 1965 cotton crop in the United States
is indicated at 14.9 million bales, according to the Statistical Reporting Service.
An outturn of this size would be 2% below the 1964 production but nearly 2!fo above
the 1959-63 average. Greater participation than last year in the Domestic Allotment
Program by upland cotton growers and a reduction in the allotment of .American-Egyptian
cotton accounted for a 4% decrease in acres planted. Yield prospects, at 525 lbs.
of lint per harvested acre, are the highest of record. Prospective output is less
than in 1964 in every major cotton-producing state except Missouri, Oklahoma, Tennessee, and Texas.
Prospective 1965 cotton production (and outturns for 1964) for the states
of the Eleventh Federal Reserve District are as follows: Arizona, 735,000 bales
(799,000)j Louisiana, 575,000 bales (590,000); New Mexico, 250,000 bales (257,000);
Oklahoma, 320,000 bales (287,000); and Texas, 4,250,000 bales (4,122,000).
GU IDE
F 0 R
GR 0 UP
PURCHASING
FEEDING
A new U. S. Department of Agriculture publication helps to determine how
much food to buy for the church supper, week at scout camp, family reunion, or nursing
home meal. The handbook also contains useful information on the percentage of edible
meat from various grades and cuts, the amount of canned or frozen products obtained
from specified quantities of fresh vegetables and fruits, and the methods of figuring
cost per portion. Single copies of the publication, Food Purchasing Guide for Group
Feeding, (AH-284), may be obtained, without charge, from the Office of Information,
U. S. Department of Agriculture, Washington, D. C. 20250.

I N H0 US T 0 N
FOUND
SUBTERRANEAN
TERMITES
Formosan subterranean termites have recently been found infesting a shipyard's warehouse in Houston, Texas, reports the USDA. The discovery marks the first
detected infestation of this destructive termite in the continental United States.
Inspectors of the Plant Pest Control Division of the USDA's Agricultural Research
Service and cooperators are continuing surveys in the Houston area to determine the
extent of the infestation.
The termites occur primarily in humid tropical or subtropical areas. They
attack all kinds of wood and may cause severe damage to lumber and wooden structures
before they are discovered. Although Formosan subterranean termites are thought to
have only one generation a year, large populations can build up rapidly once a colony
has become established.
ACREAGE-MARKETING
GUIDES
ANNOUNCED
The USDA has announced national acreage-marketing guides for 16 major vegetables, including potatoes, that will be marketed in fresh form - mainly during the
first 3 months of 1966. For a number of commodities, the guides recommend that growers plant acreages equal to those of last winterj however, larger seedings of snap
beans are suggested. Recommended decreases in acreages of lettuce and carrots account
for the bulk of the total reductions recommended. The guides recommend a planted
acreage of winter potatoes that is slightly smaller than in 1965. Current prospects
are that storage holdings of potatoes will be much larger this winter than last.

LIVESTOCK
Cattle and calf marketings advanced at Fort Worth during the week ended
Thursday, August 12, while receipts of other classes-or livestock showed decrea"Ses.
According to the Consumer and Marketing Service, the cattle run totaled an estimated
6,000 head, or 700 more than in the preceding week but 900 fewer than in the corresponding 1964 period. Demand was fairly broad for all classes through midweek, and
trading was moderately active. Compared with the preceding week's close, prices for
slaughter steers were steady to 50¢ per cwt. higher. Good 775- to 1,100-lb. slaughter steers sold at $22.10 to $25.10 per cwt., and Utility and Commercial cows brought
$13.50 to $16. Feeder steer prices were mainly steady to 50¢ per cwt. higher than
on the preceding Thursday, with Good 500- to 700-lb. yearling steers quoted at $20
to $24.50.
Calf supplies are placed at 1,950, compared with 1,350 a week earlier and
2,250 last year. Quotations for slaughter calves were steady to 50¢ per cwt. lower
than at the previous week's close. Good grades of killing calves weighing up to
550 lbs. sold at $21.50 to $23.50 per cwt., and 250- to 500-lb. stocker steer calves
brought $21 to $25.50.
A total of 750 hogs was received at Fort Worth during the week ended
August 12, reflecting dec~es of 12% from the previous week and 38% from a year
ago. Prices for barrows, gilts, and sows were steady to strong. U. S. No. 1
through No. 3 Grades of 180- to 280-lb. butchers brought $23 to $24 per cwt.
Sheep and lamb offerings were approximately 1,900, compared with 2,900
a week ago and 5,000--a-year earlier. Quotations for slaughter spring lambs were
steady to 50¢ per cwt. higher than a week ago, and those for other classes were
mostly steady. The majority of the mixed Good and Choice grades of 75- to 95-lb.
wooled spring slaughter lambs cleared at $22 to $22.50 per cwt., and shorn lambs
and yearlings with No. 1 through No. 3 pelts brought $17 to $21 per cwt.
POULTRY
For the week ended Friday, August 13, Texas commercial broiler markets
opened stronger as~esult of price increases in other major broiler-producing
region3, reports the Texas Department of Agriculture. The Texas markets became
steady on Tuesday and remained relatively unchanged throughout the rest of the
trading period. At Friday's close, the undertone was slightly unsettled in south
Texas but was firm in east Texas. Closing quotations were 15.5¢ per lb. in south
Texas and 14.4¢ to 15.1¢ in east Texas. During the corresponding 1964 period, the
closing price in south Texas was 15¢ per lb., and east Texas quotes ranged from 14¢
to 15¢.
Commercial broiler markets were fully steady in south Texas and steady in
east Texas on Monday, August 17. The following prices per lb. were quoted: South
Texas, 15.5¢, and east Texas,--Y4.8¢ to 15.1¢.

Area
BROILER CHICK
PLACEMENTS

Week ended
August 7, 1965

Percent change from
Comparable
Previous
week
week, 1964

Texas ••••••
Louisiana ••

2,632,000
560,000

-10
-12

3
4

23 states ..

45,238,000

-2

12