The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1929-02-15

SOlIlG Improvement III lOI6lOU QGl0dQO
and no material changes in domestic
demand
DAIRY OUTLOOK
The gradually increasing demand
for milk products will probably main
tain about the present spread between
prices of feeu and prices of dairy !
products until there is such a mater |
Ial change in the beef situation that
farmers will increase milk production
by milking a larger number of osef- |
type cows. Combined domestic pro-
ductiOn of all dairy products in recent
years has averaged about SO per cent
of domestic consumption.
SHEEP and LAMBS
! Supplies of market lambs in the
/ first half of 1929 are slightly larger
than year ago. Sheep numbers are
larger than a year ago and the lamb
crop in 1929 may show some increase
owed last year. Active business con-
ditions will continue to support the
lamb and wool market well through
1929, with possible slackening in late
1929 or in $780, Although increased
sheep numbers in this country have
not yet affected the markets, lamb
prices would not be maintained if this
increase is continued too rapidly.
WOOL
Wool production in the United
States and in the important foreign
countries will apparently be increased
about 6 per cent in 1928-29 compared
with 1929 and stocks in primary
markets have been increased.
POULTRY and EGGS
The prospective supply and demand
situation indicates higher prices for
poultry during the first half of 1929
and prices for eggs during the first
six months lower than those in 1923
: but higher than those in 1927. De-
! mand for poultry and poultry products
during the later months will be less
if industrial activity slackens.
HONEY
; Following a rather light crop in
: 1928, supplies of honey are not as
heavy as usual at this time of the
r year and little carryover into the 1929
season is anticipated. The present
t outlook is for a honey flow in 1929
]. better than the average of recent
years. Export demand during the
: past two years has taken an averag
h of over 10 million pounds of honey
t as compared with an average of three
S million pounds for the preceding six
n year.
d WHEAT
/ 1t is probable that the world supply
= and demand for wheat in the 1929-3C
e season will be somewhat more favor.
a able for marketing the wheat crop Of
. the United States than they were il
the 1928-29 season. Although there
n probably will be a considerable in
r crease in the carryover in all surplus
D producing countries, this likely to b,
'e offset by a continued increase in con
-e sumption and by some curtailment il
n the world wheat production in 1872!
r as reaction from the low prevailing
4 prices in the 1928-29 season and posi-
TX oily also by lower average yields pc
c. acre.
~ In view of the probability of an
other good crop of hard winter wheat
spring wheat farmers should hesitat
r % increase their acreage. of hard re
be pring wheat, as the present acreag
tn With average yields is sufficient t
AAOOP CAA4O NlclSO VI WICdI Oil oil GADOl
basis. Prospects are favorable fo
somewhat higher relative returns frol
than from spring wheat an
ers may find this crop a profitab
substitute or part of their sprin
wheat acreage this year in areas sui
able for growing flax, if flax produ
ton is not unduly increased. Unle!
III he acreage of durum wheat is mate
u ally cutailed in the United States,
production in other countries is shoH
prices will probably continue relativ
ly low during the 1929-30 season.
The worlds demand for wheat a
pears to be increasing steadily. III
growth of population naturally i
creases the demand for wheat. Flu
Their lahtere appears to be a defini
tendency both in continental Euro
and the Orient, to shift from the co
sumption of other breadstuffs
4 Wheat. Growth in demand is evide
on from the fact that the world supp
last year was as great as that of 10
but the price of wheat, both in t
U. S. and in foreign countries, ave
aged considerably higher in the 49,
rs season than in the 1924 seasc
and this years supply which now {
vail GEARS to be 5 per cent greater-th
-isit he 1924 supply is selling at {;
t to rage prices slightly above the pri,
cial prevailing through 1924. I
IN present low prices will probably g
EFT an impetus to wheat consumptt
7 to that will result in more than the n
t of NAL average increase in demand
wheat.
der Russia continues to be an uncert
les factor. 1t is reported that the r
ally sian wheat harvest of 1923 was gre
asses er than that of 1927 but short;
gall in the rye crop and other conditi
tits, have prevented any exports and il
o-in- reported that Russia is likely to
rcu- port before the end of the pres
low marketing season and this will b
dis factor in determining the quantity
leys, the carryover at the end of the y