The Farmville herald. (Farmville, Va.) 1957-current, 1959-05-05
Farm Price
MI. Outlook
|--HI.
Hogs

e ii'N'T SdH IOOh IOl Use IN
hog prices probably within the
next week or SO. Hog prices have
been running static for four to five
weeks as we moved past the spring
supply peak. Now. supplies are
turning downward and prices should
strengthen seasonally, but it won't
be sudden. Look for gradual
climb into summer with some day
to day fluctuations.
Supply, based on fall farrowings.
is about ten per cent above last
year Slaughter has decreased from
IT'S high level but is Still higher than
year ago.
Hog markets in Virginia this
week ranged from so cents lower
to Is cents higher. Estimated re-
ceipts in the Virginia auctions we're
i've per cent less than the previous
week and about the same as
year ago. In the II major markets,
receipts were down three per cent
from the previous week, but up 20
per cent from last year.
In Richmond. buyers paid SIG Us
to SIT for local hogs. Top hogs in
the Virginia auctions brought about
~ western prices were unchanged
to rs cents lower for the week with
prices ranging from SIG Is to $l7.
Baltimore top hogs brought sl7.75
to SlS. about the same as the
previous week
IN the special feeder pig sale at
CORTLAND this week, state-graded
No. pigs sold by the head. Those
averaging AZ pounds sold for sl3.75
and No. 2's were Sl4. Number
pigs averaging Sc pounds sold for
SIPS and No. Is. SITS. Number
and 2 feeder pigs. sold by the
/ hundredWeight, weighing from so to
80 pounds, were SIS 50 to $50 and
80 TO 1870 pound weights were $40 to
/ S2375
Slaughter Cattle
Look for cattle prices to follow
last years pattern and begin to
\ drift downward From April to
August last year, prices fell about
So in Virginia.
II you have cattle in the feed lot.
move them to market as they
finish off It's a good time to Gull
your breeding stock while prices
are at their seasonal high.
Slaughter, which has been run
ming under year ago. took an up
turn in March with a five per cent
increase in poundage over March Of
%. This was still four per cent
less cattle slaughtered.
We have reached the place in the
cattle cycle where a fairly heavy
rate Of slaughter can Be main
tanned and at the same time in
crease breeding stock BY fall,
slaughter may be above last year.
In Virginia, prices were: choice
steers. $28 to s3l: good grade cattle,
$26. so to s28. and standard grade,
S23 to $27. Choice and good grades
have been running unchanged to 50
cents higher for three weeks and
lower grades unchanged to so cents
lower
Wheat
Cash market prices for wheat will
be slightly lower at harvest than a
year ago although some classes and
grades may show strength. The
cash market now is II less on
mid-month price basis from this
April TO last year
Estimates on stocks for the ma
ton show that by July /, the 50
carryover will be up to one billion,
two hundred and eighty-fiv million
bushels four hundred million
bushels over last years record. OF
this carryover. 745 million bushels
will be under Commodity Credit.
Production for 1859 is estimated,
according to April reports, to be
.220. 900. 00O This would be the
fifth largest on record although
down IL per cent from last years
record-brcaking crop
With the bumper crop forecast,
Virginia farmers will probably find
the best market under the COM
modify loan program. Those who
will have wheat ineligible for loan
may want to consider storage. Com
mercial short term storage will
probably run IL to IA cents
bushel, and storage will most likely
be available this year until Septem-
Der or longer - depending on stor-
age requirements Of early corn.
Number 2 red winter wheat was
$l.S7 in Richmond this week; in the
Valley. $l.8O to $3.50 and in the
Piedmont area. 81 80 to So. Chicago
cash nrice this Maek u,as Fl %