The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-09-25
Economist Willard, However,
Shows Big Drop in Wheat
Still Is Holding
BEEF SEEMS GOING HIGHER
Decline in Hog Quotations Ex-
pected; Brakes on In Feed
er Lamb Movement

MAINTAIN UkxCll ID lACl Oll64AU SdAAACs
Noticeable improvement in hog
prices, cattle, potatoes and butter Is
in evidence. In North Dakota cash
crop prices decreased from an index
of IS, August Is, to 81 as estimated
for September Is. On the other hand,
the index of livestock and livestock
products advanced from an index OF
ia, in August, to 1913, September IS.
The general farm price index for
all North Dakota farm products stood
at LOG, June Is, 80, July Is, 90, August
IS, and is estimated to be "a, Septem-
Der Is.
Wheat
Smaller feed crops in the United
States and in Europe will tend to in
crease demand for wheat, particular
ly for feeding purposes. Heavy feed
ing of wheat in the United States will
undoubtedly help this situation furth-
er. Wheat production in 26 import
ant countries of the world in 1880 Is
estimated to be 3 per cent larger than
that of last year.
The estimated farm price Of wheat,
August Is, in North Dakota was 68
cents as an average for all grades
and classes, compared with $1.O6 a
year ago.. The average farm price In
North Dakota, September is, Is esti-
mated to be &C cents.
Taxseed prices seem likely to re-
main at approximately present levels
until some change in building activi-
ty takes place. The United States
crop is estimated to be approximately
24,600,O 900 bushels, compared with
slightly less than 17,000,0 900 bushels
last yea In North Dakota the crop
will amount to about 10,5O0,0OO BUSH
els. compared with about 100000
bushels in 1929.
The average farm price of potatoes
in the United States, August Is, was
estimated to be $1.09 which was 80
cents lower than on the same dale q
year ago. During the first week OF
September prices advanced sharply.
On the basis Of the condition OF
The crop Sept. /, the United States
production was placed at $3.50 ,000, 900
bushels. compared with 800, 900 900
bushels last year and a five-year aver
age of 1913, O00, 900 bushels. In North
Dakota the crop is estimated at
5000, 900 bushels compared with about
1000, 900 bushels last year and about
10000, 900 bushels as the five-year
average from 1924 to 1928.
Marketings of the late crop up to
September 6 were less during
same period last year but the ship
ments of midSeaSon potatoes were
higher than during the correspond
ing period last year.
Beef Cattle
Some further advance In fed cat
tie prices, a continuing weak market
for butcher cattle and fairly steady
prices for stocker and. feeder cattle
seem to be in prospect for the next
two or three months Any consider
able recovery in the general level OF
cattle prices must await q substantial
Improvement in consumer demand
for beef.
Hogs
The seasonal decline in hog prices
may be expected to get under way in
the next few weeks. The average Of
September and october prices will
probably not be greatly different from
that of the corresponding period in
1929.
Storage supplies of hog products
continue relatively small. Reduced
feed supplies and a less favorable
corn hog ratio will probably result in
relatively large slaughter supplies
during the late fall and early winter
with corresponding lower prices. Elk
ports of pork and lard declined ma
terially in July. The foreign outlet
for pork products appears likely to
continue u~nfavorable for some
months, as Europe is on an upward
trend in hog production.
Lambs
Shipments Of feeder lambs from
markets have been very limited, the
number shipped into seven important
feeding states Of the corn belt being
IS per cent smaller than in August
last year and the smallest for any
August since 1921. These small ship
ments reflect both the poor pasture
condition and prospective short corr
production and also the uncertainty
Of feeders as to the trend of the lamb
market during the next four months.
Lamb prices, after reaching the
lowest level of the season for the new
crop lambs about the end of July,
made a recovery of over 81 per hun
dredweight during August. Compared
with q year ago, feeder lamb prices
were much lower than fat lambs. The
average price received by North Da-
kota producers for lambs was esti-
mated to be $500 per hundredweight,
September Is. Montana feeder lambs
have sold as low as IS per hundred
weight this year.
Butter
Butter production for the remand
er Of the year Is expected not to x
coed the production during the latter
months OF last year. Pasture condi-
tions, September l. were the lowest
ever reached for that month and the
shortage Of feed is likely to curtail
production when the heavy feeding
season approaches. Although the
number of milk cows on farms is
about 4 per cent greater than a year
ago. this is likely to be offset by low
er production per cow.
Poultry and Eggs
Present indications are that poul-
Try and egg prices will be no better
during the next few months because
OF the large storage stocks of eggs
ana 70 the lack Of storing demand for
poultry.