Banner Graphic, Volume 18, Number 56, Greencastle, Putnam County, 11 November 1987 — Page 8

THE BANNERGRAPHIC November 11,1987

A8

Grain, bean futures up

CHICAGO (AP) Grain and soybean futures closed mostly higher Tuesday on the Chicago Board of Trade. Monday’s monthly crop-produc-tion report from the Agriculture Department underpinned the grain markets with projections for increased export sales of wheat, com and soybeans, analysts said. The USDA’s announcement that it had targeted the Soviet Union for 2.4 million metric tons of sub-

NOTICE OF ANNUAL MEETING Notice is hereby given that the Annual Meeting of the Hendricks County Farm Bureau Cooperative Association, Inc. will be held Thursday, Dec. 3, 1987, Registration-6:00-6:30, Dinner-6:30 p.m. Putnam County 4-H Building, Greencastle, IN. Guest Speaker-John Block, former Secretary of Agriculture. Purpose of the meeting: 1. Report to the stockholders of the 1987 business. 2. Election of Directors-one director is to be elected from each of the districts listed. Term of office is three years. Hendricks County District l-Marshall Hurst, 7428 W. 250 S., Danville, IN 46122; Steve Wise, 2144 S. 350 W., Danville, IN 46122. District 111-Dale Gladden, 3816 S. Clarks Creek Rd., Indianapolis, 46231; Ron Masten, 670 E. Wall St. Pike, Plainfield, IN 46168. At-Large-Dale Carter, R 1, Box 437, Coatesville, IN 46121; Hal Truax, R. 1, Box 117, Pittsboro, IN 46167. Putnam County District 11-Larry Gottschalk, R. 4, Greencastle, IN 46135; Larry Parker, R. 6, Box 472, Greencastle, IN 46135. Nominating committee members are Keith Brock, Chairman, Anthony Hession, Mike Martin and Mike Riggs. The persons so named as nominees are the committees' nominations. In addition, nominations shall be called for and may be-made from the floor of the meeting. Tickets may be obtained from any Director, Lizton Elevator, Danville Farm Store, Car Care Center, Bainbridge Branch, Stilesville Branch, Russellville Breach or by calling 745-4491. Ticket price *2.00. Please obtain tickets by November 30, 1987. HENDRICKS COUNTY FARM BUREAU COOPERATIVE ASSOCIATION, INC. David Himsel, President Mike Rose, Secretary

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sidized U.S. wheat added to the optimism in the wheat pit. In early trading, wheat was 114 cents to 3% cents higher with the contract for delivery in December at $2.88 a bushel; com was 1 cent lower to 1% cents higher with December at $1.81% a bushel; oats were 214 cents to 414 cents higher with December at $1.87 a bushel; soybeans were 1% cents to 514 cents higher with November at $5.4914 a bushel.

farm

Purdue experts aid in annual farm show

The Purdue University Ag Extension Service will take an active role in the ninth annual IndianaIllinois Farm Equipment Show, set for Dec. 9-11 at the Indiana Convention Center, Indianapolis. The entire Purdue Ag faculty will be involved in the creation, implementation, and promotion of the show’s annual free seminar series. THIS YEAR’S SERIES has been entirely redesigned by Purdue to appeal to a far wider farm audience than ever before. Rather than the normal five programs, Purdue will present 10 free programs in the available five time slots, thus offering the farmer a choice of which to attend. The program will be the most comprehensive and innovative one ever offered at any Farm Equipment Show in the United States. And as the series will fit into the existing time slots, farmers will still have plenty of time to visit the over 250 equipment exhibits that will fill the entire hall. On opening day, Wednesday, Dec. 9, morning seminars will offer visitors the choice of attending either, “Raising Quality Hay” by Keith D. Johnson, Extension forage specialist, or “First-on-the-Scene (for farm wives), by Bill Field, Extension safety specialist. The Johnson seminar will give farmers tips on how to raise high quality hay for livestock, with the reminder that the hay you take out oi the barn is no better than the hay you put in. The field seminar, designed for the farm wife, reminds us that farming is America’s most dangerous occupation and that knowing what to do while the rescue unit is on the way can save lives. THE OPTIONS FOR Wednesday afternoon present the same two speakers with Keith Johnson speaking on “Marketing Quality Hay,” a logical extension of his mor-

Record poultry, pork outputs affect price

WASHINGTON (AP) - Shoppers will pay a little more for beef next year, but other meat and poultry prices should be down as record supply levels continue, Agricultural Department economists say. The economists say the decline in beef production should be offset by continued record supplies of broiler

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ning subject with tips on getting the highest dollar for a quality hay crop. Discussed will be what to sell, how to sell and to whom to sell. In his afternoon seminar. Bill Field will speak on, “Managing Stress in the Farm Family.” The two morning seminars for Thursday, Dec. 10 are “Maximizing Power and Fuel Efficiency” by Bill Campbell, service research assistant, with tips on making farm power units operate more efficiently and with maximum power; and, “Selecting a Computer System for the Farm” by Prof. Mack Strickland of the Ag Engineering Department. The Wednesday afternoon options are, “Pros and Cons of Tractor Ballasting” by Bill Campbell, with up-to-date information on when and when not to use tractor ballasting with special attention given to advice that will help farmers improve tractor efficency; or “New and Exciting Careers in Agricultural Engineering” by Prof. Gary Krutz of the Ag Engineering Department. The two Friday morning seminars will be, “Combine Fires -- A Burning Problem” by John Shutske, Extension safety specialist and “Managing your Woodlot - Bucks in the Woods” by Prof. Harry Gibson of agricultural engineering with Prof. Tom Reisinger of forestry and natural resources. ACCORDING TO SHOW manager Richard Sherman, “We are thrilled to be able to present this type of program to the farmers and farm wives of Indiana and the surrounding states. The program is free and no one will be trying to sell or pitch a product. The information is designed to help the farmer, and every one of the Purdue people involved will welcome your questions and will do their best to give you valuable and practical information to take back to your farm with you.”

chickens, turkey and pork. “Retail beef prices in 1988 are expected to average moderately above this year’s level, but the annual average (over the entire 12 months) likely will be below the peak prices reached this summer,” the department’s Economic Research Service said Wednesday in a report.

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Farmers ahead of ; record by 12 days

WEST LAFAYETTE, Ind. (AP) - Indiana farmers are 12 days ahead of the state’s previous record for early corn harvest, while soybean harvest may match the previous record, according to the Indiana crop report issued Monday. In its last weekly report of the 1987 season, the Midwest Agricultural Weather Service Center said corn and soybean harvest was nearly complete in all areas of the state. For the week ending Sunday, corn harvest was 99 percent complete, more than three weeks ahead of the 83 percent harvested a year earlier and 12 days ahead of the previous record 94 percent for early harvest set in 1980, said state statistician Ralph W. Gann. The 5-year average is 75 percent harvested by this date. Moisture content of corn harvested last week averaged 16 percent, unchanged from a week earlier but well below the 19 percent reported a year earlier. All but a few scattered fields of soybeans have been combined, which is on par with the previous record for early harvest set in 1964. This year’s early harvest is more than three weeks ahead of both the 89 percent for last year and the 5-year average of 87 percent. Moisture content of the soybeans harvested last week averaged 12 percent, down from the 13.5 percent a week earlier and down 3 percentage points from the 15 percent reported a year ago. Seeding of the 1988 winter wheat

Soviets said buying soybeans from U.S.

WASHINGTON (AP) The Soviet Union has bought large orders of U.S. soybeans and soybean meal, sales that could total more than SIOO million, according to Agriculture Department price estimates. Officials announced Tuesday that the sales included 400,000 metric tons of soybeans and 150,000 metric tons of soybean meal for delivery in 1987-88, the final year of a long-term grain supply agreement with the United States. No prices or details of the sales were disclosed. The transactions are handled by private exporting

“Even though beef supplies will be down, large supplies of competing meats at lower relative prices will hold down gains in beef prices,” the report said. “Pork prices are expected to decline 8 percent to 12 percent after having risen 4 percent to 6 percent in 1987. Retail poultry prices are expected to decline again.”

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crop was 99 percent complete, nine days behind the previous record for completion set in 1957, but more than a week ahead of the 90 percent seeded last year. The 5-year average is 91 percent. i Eighty-nine percent of the winter wheat had emerged, compared with 80 percent last year and the 83percent average. i Wheat condition was rated 10 percent poor, 35 percent fair, 53 percent good and 2 percent excellent. Rye seeding was 99 percent complete, which was two days ahead of both last year’s rate and the 5-year average. Pasture condition was rated 8 percent very poor, 35 percent poor, ’36 percent fair and 21 percent good. > Tilling of land (including minimum tillage) intended for crops to be planted next spring continued to progress rapidly with 58 percent complete, which was more than four weeks ahead of the 28 percent tilled a year ago. The 5-year average is "30 percent tilled by this date. Tobacco processing for sale waslO percent complete, behind the 16 percent processed last year, due to dry weather conditions in southern Indiana. For the week ending Friday, days were rated suitable for fieldwork. Topsoil moisture was rated 53 percent short, 46 percent adequate and 1 percent surplus. Subsoil moisture was rated 60 percent short, 39 percent adequate and 1 percent surplus.

companies, which then report to the department. But at current prices, the soybeans would have an estimated U.S. farm value of about $73 million, and the meal would be worth around S3O million, based upoh recent prices at Midwest processing plants. There are about 2,205 pounds in a metric ton, which is equal to 36.) bushels of soybeans or wheat, and 39.4 bushels of com. Soybeans recently have been selling for around $5 per and meal has been going for more than S2OO per ton.

Market reports ] INDIANAPOLIS (AP) Grain: prices Tuesday at Indianapolis i area elevators: Com No. 2 J yellow 1.60-1.71, January 1988, 1.63-1.76, March 1.72-1.80. J Soybeans No. 1 yellow 5.27- * 5.28, January 1988 5.16-5.45,1 March 5.41-5.50. Wheat No. 21 soft red 2.52. * * INDIANAPOLIS (AP) Hogs.; 700. Barrows and gilts active, higher. US 1-3 225-255 lbs 42.2542.75. US 2-3 235-270 lbs 40.50-, 42.00. Sows: Moderately active; under 600 lbs 1.000-2.00 higher, over--600 lbs steady to 1.00 lower. US 1-3, 375-550 lbs 35.00-40.50, 550-650 lbs‘ 39.50Cattle: 1200. Compared with last Tuesday, slaughter steers and heifers mostly 1.00 higher. Compared with last week’s close, cows 1.50-2.00 higher. Bulls 50' cents to 1.00 higher. Slaughter Steers: Choice 2-4' 1050-1325 lbs 62.25-64.00. Mixed* good and choice 2-4 950-1225 lbs • 60.75-62.25. Good 2-3 950-1275 lbs , 58.50Holsteins: Choice 3 1400-1525' lbs 59.75-60.75. Mixed good andl ( choice 2-3 1225-1350 lbs 56.25-58.50. . Slaughter Heifers: Choice 2-4** 900-1200 lbs 60.75-62.50. Choice 3-4 1025-1200 lbs 57.25-60.00. Mixed’; good and choice 2-4 1050-1175 lbs ' 59.25-61.50. Slaughter Cows: Utility and"; commercial 41.25-46.75, high* dressing individual 47.75. Cutter J 1-2 36.50-42.25. Few canner and * low cutter 132.00-37.00. Slaughter Bulls: Yield grade 1- ' 2 1075-1825 lbs 50.50-55.75. In- , dividual yield grade 1 59.75. INDIANAPOLIS (AP) - . diana direct hog market at 70 yards and markets Tuesday. Barrows and gilts 50-75 cents higher. Demand good. US 1-2 210-, 250 lbs 40.50-41.50, few 41.75, plant delivered to 42.25. US 1-3 210-260 lbs 40.00-40.75. Sows: Steady to 1.00 higher. US 1-3 300-500 lbs 29.50-33.50, many 31.00-32.00, 500-650 lbs 33.00-35.50.