Economic and Marketing Information for Indiana Farmers (Feb. 27, 1958) |
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Economic and Marketing Information FOR INDIANA FARMERS Prepared by the Agricultural Staff of Purdue University, Lafayette, Indiana February 27, 1958 INDIANA FARMERS The 1958 Poultry Outlool by R. D. DARLEY and R. L. KOHLS, Agricultural Economics EGGS Returns from egg production during the first half of 1958 are expected to be greater than 1957. Returns during the last part of 1958 probably will be below 1957 levels. returns through June The 18-percent decrease in the number of egg-type chick replacements purchased during 1957 resulted in a 4-percent decrease in the number of layers on farms, February 1, 1958, from a year ago. The decrease in numbers of layers is partially offset by an increased rate of lay. Thus, egg supplies are expected to remain about 2-percent below the first-half of 1957. These lower supplies coupled with a relatively unchanged consumer demand should result in Indiana Grade A egg prices through June averaging 2-4 cents per dozen higher than the 27- cent average level which prevailed during the first half of 1957. Further, a 7-percent increase in the nation's total feed grain and concentrate production during 1957 has resulted in lower feed prices. The mid-January Indiana laying ration averaged $4.10 per hundred pounds or 5-percent below a year earlier. Therefore, the Indiana egg-feed ratio (pounds of feed that would be purchased with the value of a dozen eggs) for January, 1958 was 11.1 which is 34 percent better than in January 1957, and four percent above the November, 1946, to October, 1950, period. This improved egg price situation coupled with lower feed costs during the first half of 1958 should result in the highest returns that egg producers have received for this period in the past several years. late 1958 returns The relatively favorable egg-feed ratio is likely to increase the number of egg-type chick replacements during the first half of 1958. The December hatch was 12 percent over a year earlier, and eggs in incubators on January 1, 1958, were estimated at 10 percent above a year before. The number of replacements purchased is likely to exceed the 4-percent level, the number needed to replace older hens currently in the laying flock. This consideration coupled with the higher rate of jay, provided by the increased proportion of pullets in the laying flock, is expected to result in fall egg supplies being heavier than during the last part of 1957. Earlier and increased numbers of egg-type re placements might bring a peak in egg prices several weeks earlier than the mid-October peak last year and will probably be below 1957 levels for the rest of the year with egg-feed ratio and net returns also lower. BROILERS _ 1958 will be another record year for broiler production and prices are expected to average slightly below 1957 levels for most of the year. However, lower feed costs and increased efficiencies within the highly integrated broiler industry could result in returns approximating 1957 levels. first half of 1958 Supplies of broilers during the first quarter of 1958 are scheduled to be 8-10 percent above a year earlier. Heavier than usual mortality rates during January have caused broiler prices to be about two cents above a year ago. However, broiler prices during the first half of the year are expected to be slightly below 1957 levels; prices during most of the first half will probably be below 1957 levels by about the same percentage that marketings remain above. Thus, Indiana broiler prices should average slightly below the 1957 first half average of 20.1 cents. The Indiana broiler-feed ratio of 4.5 during January was 18 percent better than a year ago. However, if the somewhat lower broiler prices expected for most of the first half of 1958 are coupled with lower feed costs, net returns from broiler production could about equal those received during the comparable period in 1957. last half of 1958 Placements from March through May will probably continue at levels well above 1957. When these increased supplies of broilers are marketed this summer with increased supplies of other young chickens, a substantial reduction in price will probably be required to move this production into consumption channels. Therefore, Indiana prices are expected to be below the 21.7 cent average of last year's third quarter. In this case, the third or "most profitable" quarter might become just a "breakeven" period, and this could affect the entire 1958 broiler profit situation unfavorably. Expected lower feed costs along with increased efficiencies in broiler production might result in returns nearly equal to those of a year earlier. This (Continued on Page 4)
Object Description
Title | Economic and Marketing Information for Indiana Farmers (Feb. 27, 1958) |
Purdue Identification Number | UA14-13-econ195802 |
Date of Original | 1958 |
Publisher | Purdue University. Agricultural Extension Service |
Subjects (LCSH) |
Farm produce--Indiana--Marketing Agriculture--Economic aspects--Indiana |
Genre | Periodical |
Collection Title | Extension Economic & Marketing Information (Purdue University. Agricultural Extension) |
Rights | Copyright Purdue University. All rights reserved. |
Coverage | United States - Indiana |
Type | text |
Format | JP2 |
Language | eng |
Repository | Purdue University Libraries |
Date Digitized | 03/12/2015 |
Digitization Specifications | Original scanned at 400 ppi on a BookEye 3 scanner using Opus software. Display images generated in Contentdm as JP2000s; file format for archival copy is uncompressed TIF format. |
URI | UA14-13-econ195802.tif |
Description
Title | Economic and Marketing Information for Indiana Farmers (Feb. 27, 1958) |
Purdue Identification Number | UA14-13-econ195802 |
Transcript | Economic and Marketing Information FOR INDIANA FARMERS Prepared by the Agricultural Staff of Purdue University, Lafayette, Indiana February 27, 1958 INDIANA FARMERS The 1958 Poultry Outlool by R. D. DARLEY and R. L. KOHLS, Agricultural Economics EGGS Returns from egg production during the first half of 1958 are expected to be greater than 1957. Returns during the last part of 1958 probably will be below 1957 levels. returns through June The 18-percent decrease in the number of egg-type chick replacements purchased during 1957 resulted in a 4-percent decrease in the number of layers on farms, February 1, 1958, from a year ago. The decrease in numbers of layers is partially offset by an increased rate of lay. Thus, egg supplies are expected to remain about 2-percent below the first-half of 1957. These lower supplies coupled with a relatively unchanged consumer demand should result in Indiana Grade A egg prices through June averaging 2-4 cents per dozen higher than the 27- cent average level which prevailed during the first half of 1957. Further, a 7-percent increase in the nation's total feed grain and concentrate production during 1957 has resulted in lower feed prices. The mid-January Indiana laying ration averaged $4.10 per hundred pounds or 5-percent below a year earlier. Therefore, the Indiana egg-feed ratio (pounds of feed that would be purchased with the value of a dozen eggs) for January, 1958 was 11.1 which is 34 percent better than in January 1957, and four percent above the November, 1946, to October, 1950, period. This improved egg price situation coupled with lower feed costs during the first half of 1958 should result in the highest returns that egg producers have received for this period in the past several years. late 1958 returns The relatively favorable egg-feed ratio is likely to increase the number of egg-type chick replacements during the first half of 1958. The December hatch was 12 percent over a year earlier, and eggs in incubators on January 1, 1958, were estimated at 10 percent above a year before. The number of replacements purchased is likely to exceed the 4-percent level, the number needed to replace older hens currently in the laying flock. This consideration coupled with the higher rate of jay, provided by the increased proportion of pullets in the laying flock, is expected to result in fall egg supplies being heavier than during the last part of 1957. Earlier and increased numbers of egg-type re placements might bring a peak in egg prices several weeks earlier than the mid-October peak last year and will probably be below 1957 levels for the rest of the year with egg-feed ratio and net returns also lower. BROILERS _ 1958 will be another record year for broiler production and prices are expected to average slightly below 1957 levels for most of the year. However, lower feed costs and increased efficiencies within the highly integrated broiler industry could result in returns approximating 1957 levels. first half of 1958 Supplies of broilers during the first quarter of 1958 are scheduled to be 8-10 percent above a year earlier. Heavier than usual mortality rates during January have caused broiler prices to be about two cents above a year ago. However, broiler prices during the first half of the year are expected to be slightly below 1957 levels; prices during most of the first half will probably be below 1957 levels by about the same percentage that marketings remain above. Thus, Indiana broiler prices should average slightly below the 1957 first half average of 20.1 cents. The Indiana broiler-feed ratio of 4.5 during January was 18 percent better than a year ago. However, if the somewhat lower broiler prices expected for most of the first half of 1958 are coupled with lower feed costs, net returns from broiler production could about equal those received during the comparable period in 1957. last half of 1958 Placements from March through May will probably continue at levels well above 1957. When these increased supplies of broilers are marketed this summer with increased supplies of other young chickens, a substantial reduction in price will probably be required to move this production into consumption channels. Therefore, Indiana prices are expected to be below the 21.7 cent average of last year's third quarter. In this case, the third or "most profitable" quarter might become just a "breakeven" period, and this could affect the entire 1958 broiler profit situation unfavorably. Expected lower feed costs along with increased efficiencies in broiler production might result in returns nearly equal to those of a year earlier. This (Continued on Page 4) |
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