Banner Graphic, Volume 22, Number 102, Greencastle, Putnam County, 2 January 1992 — Page 7

Farm prices decline slightly in December, USDA figures show

WASHINGTON (AP) The prices farmers receive for raw products declined 0.7 percent in December from the previous month and were 3.5 percent less than a year ago, the Agriculture Department reports. LOWER PRICES for lettuce, cattle and tomatoes were partially offset by higher prices for eggs, wheat and hogs, the department said Tuesday. The department’s monthly price report noted that because lettuce and tomatoes were in ample supply, prices received for them dropped sharply. “Damage to lettuce from the whitefly in California has not been widespread thus far and supplies from other states are larger than usual at the present time,” the department said. It noted that Florida has a large supply of fresh tomatoes. INCREASES IN BEEF production in the final quarter of the year drove cattle prices down, the department said. But it said hog prices increased slightly following the sharp price break from October to November. The department reported grain prices as mixed with wheat showing strong month-to-month increases, com up slightly and soybeans down from November. Crop prices collectively dropped 2.4 percent from November bul remained the same as a year ago. Vegetable prices declined 23 percent from November and were 17 percent lower than at this time lasi year, the department said. Ample lettuce supplies from major production areas brought the December prices down to more normal levels after a large price increase a month ago. And a large winter crop of Florida tomatoes sent the price to its lowest December level since 1970. FOODGRAIN PRICES increased 5.2 percent in December, the fifth consecutive monthly rise. Wheat increased 21 cents over November to $3.46 a bushel. The average price received for rough rice declined 20 cents per hundredweight to $7.56. The department noted, however, that this remains the highest December price since 1987.

Market reports INDIANAPOLIS (AP) Estimated prices Tuesday at Indianapolis area elevators: Corn No. 2 yellow: $2.352.47; March $2.34-2.53. Soybeans No. 1 yellow: $5.38-5.52; March $5.41-5.57. Wheat No. 2 soft red: $3.76-3.82; July $3.11-3.28. ♦ ♦ * INDIANAPOLIS (AP) Hogs 400. Barrows and gilts 75 cents lower. US 1-3 225265 lbs 35.75-36.25. US 2-3 225-250 lbs 35.25-35.75. Sows: 1.00-2.00 lower. US 1-3 350-500 lbs 24.00-31.00; 500 lbs and above 31.00-33.00. Boars: Over 350 lbs steady at 24.00. Cattle: 700. Bulk of supply slaughter steers and heifers. Trade 1.75-3.00 higher for steers and heifers. Cows and bulls fully 1.00 lower compared with last Tuesday’s sale. Thirty percent cows and bulls, 70 percent steers and heifers. Slaughter steers: Yield grade 2-4 1025-1250 lbs 68.0070.00. Yield grade 3-4 10001250 lbs 67.00-69.50. Slaughter heifers: Yield grade 2-4 950-1250 lbs 68.0069.25. Yield grade 3-4 10001250 lbs 65.00-68.50. Slaughter cows: Utility and commercial 43.00-51.00. High dressing 56.00. Cutter 1-2 35.00-46.00.

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The cotton index declined 6.9 percent from November. The average price per pound was 57.1 cents, down 4.1 cents from November, the lowest level since March 1989. The index for feed grain and hay was up 0.9 percent over November. Com, at $2.33 a bushel, was up 3 cents from November. Sorghum, at $4.11 per hundredweight, moved 16 cents higher. Barley declined 2 cents to $2.17 per bushel. The all hay price declined 70 cents per ton to $68.40. THE PRICES FOR livestock and livestock products remained the same from a month earlier but were 6.1 percent below the price level for December 1990. The poultry and egg index increased 5 percent from a month earlier and was 1.6 percent higher than December 1990. Market eggs were up 8.9 cents from the previous month, averaging 63.9 cents a dozen. Turkeys averaged 40.9 cents, up 0.9 cents a pound from November. The department said these increases more than offset a decline in broiler prices of 0.6 cents a pound to 29 cents. Meat animals were down 1.2 cents from November and were 14.1 cents below a year ago. Declines were reported for cattle but hog prices were reported up. THE REPORT also said: —Cattle averaged $67.10 per 100 pounds nationally, compared to $67.90 in November. —Calves were reported at $86.70 per hundred pounds compared to $89.50 in November. —Hogs averaged $38.80 per hundredweight, compared to $38.00 in November. —Com, at $2.33 per bushel, compared to $2.30 in November and to $2.22 in Dec. 1990. —Wheat prices averaged $3.46 a bushel compared to $3.25 in November and $2.40 in December 1990. —Rice averaged $7.56 per 100 pounds, compared with $7.76 in November and $6.08 a year earlier. —Soybeans were $5.39 per bushel, compared with $5.48 in November and $5.72 in December 1990. —Upland cotton was reported at 57.1 cents per pound, down from 61.2 cents in November.

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farm

Indiana hog prices reported below the national average

Indiana’s livestock producers and the packing industry need to respond to changes if they want to compete nationally or internationally, said Dr. Bud Harmon of the Animal Sciences Department at Purdue University. During a session called “Livestock Marketing” at the 73rd annual Indiana Farm Bureau state convention, attendees found alarming trends in the pork industry. INDIANA RANKS third in the nation in hog production, but according to Dr. Harmon, in 1990, Indiana pork producers earned an average of $4-5 less than the national average for their hogs. lowa ranks No. 1 in hog production and is consistently near the national

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price average. “We need to get serious about turning these numbers around. We can’t continue to compete against the lowa hog producers if we are going to suffer a loss of $4-5 under what they are getting in lowa for their hog producers,” Harmon said. Lewis FreHerman, chairman of the Indiana Packers Company, which opened a new packing plant near Delphi last year, said quality will be a key to attracting higher prices. In addition, U.S. hog producers must target the world market. He also announced representatives from the European Common Market will be visiting his plant to negot ate exports of IPC products.

1105 N. JACKSON ST.

Training slated for pesticide use

By TIM YINGST Extension Agent-Ag The Cooperative Extension Service will be offering workshops in the use and application of pesticides for those whose permit is expiring and wish to be recertified in order to purchase and use restric-ted-use pesticides. ' A restricted-use pesticide is one that is labeled by the EPA as restricted used. Without the certification permit, which is issued by the Office of the Indiana State Chemist, Hoosier farmers cannot purchase these chemicals. THE EXTENSION Service will be offering the training necessary to prepare the farmer to take the examination at the following times and places. Jan. 8 at 9 a.m. registration will take place at the Putnam County Fairgrounds with classes starting at 9:30. A noon lunch will be provided by Midland Co-op. Jan. 15 at 9 a.m. at the Parke County Fairgrounds. Lunch will be provided by Heartland Co-op. will be offered to meet the need of

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January 2,1992 THE BANNERGRAPHIC

JB JL

Tim Yingst

those who are unable to participate in the full-day training. Jan. 28 and 30 will serve as night meetings in Parke County at the fairgrounds. TRAINING MANUALS are available for $25 at the Extension Office. They include training materials, instruction and the cost of the permit. Those interested may pick up the manual prior to the session to more completely review the use of pesticides. If you have questions about the certification process you may contact the Extension Office at 6538411 in Putnam County or 5693176 in Parke County.

653-9715

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