Banner Graphic, Volume 14, Number 173, Greencastle, Putnam County, 28 March 1984 — Page 7

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dalel. minnick Dinner speaker

Land Bank meeting April 12 The Federal Lank Bank Association of Greencastle will have its annual stockholders meeting at 6:30 p.m. April 12 in the DePauw University Student Union Building. According to Robert F. Wolfe, president, the meeting is designed to provide memberborrowers with an update of Association’s operations and to elect directors. The Association, a farmer-owned financial cooperative which provides long-term credit to farmers, presently serves 815 farmers in Parke, Putnam and Hendricks counties and has an outstanding loan volume of more than $68,325,000. Featured speaker for the April 12 meeting will be Dale L. Minnick, an agricultural economics instructor at Oklahoma State University who also serves as president of the Oklahoma Agricultural Economics Association. Born and raised on a wheat and cattle farm in northwest Oklahoma, he was active in FFA, public speaking and was a recipient of the State Farmer Degree. He holds bachelor’s and master’s degrees in agricultural economics at Oklahoma State, where he joined the faculty in 1974. Minnick, who farms and ranches in partnership with his father in two Oklahoma counties, announces rodeos and horse shows. He’s also an auctioneer, who does radio commercials, makes frequent television appearances and is a professional speaker for farm and ranch groups throughout the West and Southwest.

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Hogs, pork from Canada targeted

WASHINGTON (AP) - A bill introduced in Congress would make it more costly to import hogs and pork products from Canada, items that Corn Belt farmers say compete unfairly with U S. producers. The measure was introduced last week by Reps. Tom Harkin and Berkley Bedell, lowa Democrats and members of the House Agriculture Committee lowa is the leading pork state. Imports of pork and live hogs have grown steadily for years, partly because Canadian farmers have been encouraged to boost production by government subsidies. An aide to Harkin, Pam McKinney, said the bill would enable the United States to determine the extent of the Canadian subsidies to farmers and then impose offsetting U.S. import fees on hogs and pork products. Ms. McKinney said a recent report by the Agriculture Department outlined the problem with Canadian imports and that “it was basically this report, plus complaints from lowa hog producers” that led Harkin and Bedell to write their bill. The report, Canadian-U.S. Pork Trade, was written by William J. Mills of the USDA’s Foreign Agricultural Service. Rankings change WEST LAFAYETTE, Ind. (AP) year in nationwide ranking of crop and livestock production, Purdue University reports. The most noticeable decline was in corn production, due largely to the summer drought and the payment-in-kind program, Purdue agriculture specialists say. With 341 million bushels, the state dropped from third to fifth in the country, trailing lowa, Illinois, Nebraska and Minnesota. Indiana also dropped from 10th to 12th in tobacco production, 23rd to 26th for hay, 21st to 22nd for sorghum, 16th to 17th for oats, 26th to 29th for potatoes, 17th to 18th for apples and second to third for spearmint. However, the state retained its fourth-place ranking in soybean production with 122 million bushels, and it increased its winter wheat and peach rankings.

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“Canada is almost the sole supplier of imported fresh, chilled and frozen pork, as well as live hogs to the United States,” the report said. “Canada and the United States have enjoyed a long history of relatively free trade in pork. This, along with similar production techniques and type of product produced ... have stimulated significant trade.” Since 1960, the balance of pork trade including live animals has shifted six times between the two countries, with the United States having an advantage in some years, Canada in others. “However, it now appears that the trade will not shift again in favor of the United States in the near or medium term,” the report said. “Since 1977, the Canadians have increased the value of their exports of pork and pork products to the United States and have been a net exporter since 1979. ” The main reason that the trade will not shift back to the United States “is the substantial increase in pork production, particularly in Quebec province,” the report said. Further, Canada also has a transportation advantage over shipments to the Pacific Northwest and Northeast from the Midwest and South.

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Market reports INDIANAPOLIS (AP) Hogs 1,400. Barrows and gilts moderately active, mostly 50 cents lower. US 1-2 215-260 lbs 49.00-49.50, 70 head at 49.75. US 1-3 225-265 48.0049.00. US 2-3 270-295 lbs 45.00-47.00. Sows: Moderately active, mostly steady. US 1-3 425-490 lbs 43.00-48.00, 500-625 lbs 50.00-53.00. Cattle: 1,000. Demand good. Slaughter steers and heifers 50 cents to 1.00 higher. Cows 1.50-2.00 higher. Bulls not well tested. Slaughter Steers: Choice 2-4 1050-1325 lbs 68.75-70.75, part load clean mostly 3 1200 lbs 71.50, mixed good and choice 2-4 1050-1375 lbs 66.00-70.00, good 2-3 1075-1125 lbs 62.25-65.75. Holsteins good and choice 2-31150-1300 lbs 60.00-62.00. Slaughter heifers: Choice 2-4 825-1275 lbs 67.00-68.75, pkg 69.00, lot 3-4 66.50, good 2-3 825-875 lbs 58.00-63.50. Slaughter cows: Breaking utility and commercial 34 42.5047.50, high dressing 47.50-49.50; boning utility 2-3 41.50-46.25; cutter 1-2 36.00-41.50. Slaughter bulls: Yield grade 1-2 1125-1625 lbs 47.00-51.75, high dressing individual 2200 lbs 54.75. Bullocks good and choice 2, few 3,875-1000 lbs 64.00-66.00. Sheep: 10. Held for afternoon auction. INDIANAPOLIS (AP) Grain prices Taesday at Indianapolis area elevators: Corn No. 2 yellow shelled 3.36-3.55, April 3.51-3.57, Fall 2.75-2.82, Jan. ’BS 2.88-2.89. Oats No. 2 white 2.00. Soybeans No. 1 yellow 7.69-7.82, April 7.77-7.82, Fall 6.98-7.13, Jan. ’BS 7.22-7.24. Wheat, No. 2 soft red 3.15-3.33

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March 28,1984, The Putnam County Banner-Graphic