Economic Information for Indiana Farmers, no. 14 (Sep. 1942) |
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ECONOMIC INFORMATION FOR INDIANA FARMERS No. 14 Division of Agricultural Economics September, 1942 THE LIVESTOCK FEEDING SITUATION The meat and livestock market is in a position where demand is, and seems likely to continue to be the dominant factor. This condition exists in spile of record production and marketings of meat animals. The unusual demand arises not only from the greatly increased purchasing power of American consumers, but also from the government purchases for lend-lease and army and navy needs. Feed production and price relationships have permitted livestock expansion to record levels, but in spite of this, shortages of meats appear at retail counters throughout the nation. Under such conditions, and in line with the government's attempt to regulate the cost of living, price ceilings on meat products at wholesale and retail have been imposed and newer plans include ceilings on live meat animals and rationing of all meats to the civilian population. Livestock feeding profits in 1942-43 will depend to a large degree upon the as yet unannounced and untried formula for regulating live prices. However, in general, the coming year may be expected to be one of at least moderate profits in feeding operations. BEEF CATTLE Cattle Numbers in the U. S. movement of such cattle. Th's reflects not Favorable price relationships and feed only present indecision on the part of Corn conditions have permitted a more rapid than Belt feeders, but also the reluctance on ths usual expansion in cattle numbers since the part of ranchers to sell feeder cattle at any- last low was reached in 1933. On January 1. thing but an advance in prices. 1942, the government estimate of cattle on Range Conditions farms was 74,607,000 which not only repre- With but few exceptions, western cattle s nted an increase of 8.5 million head over ranges have had two years of abnormally ihe 1933 figure but put cattle numbers at an good growing conditions. Accumulated feed nil time high in the United States. reserves will enable the West to carry an in- The August- 1 estimate of cattle on feed creased number of both breeding and young in the Corn Belt, however, indicated a 19 stock over winter. As a resut of this and percent reduction as compared with the general inflationary tendencies, prices of same date in 1941. This is accounted for by feeder cattle are 13 to 20 percent higher the premature marketings of fed cattle dur- than last year, irg the summer in the face of prospective Corn Belt Feed Supplies price regulations. This situation leaves a Despite present record levels of livestock, much smaller than usual supply of grain-fed the bumper feed crop of 1942 now appears market cattle in prospect for the fall and to assure fairly adequate feed supplies in winter months ahead. Indiana and the nation as a whole. Brsed rn The movement of feeder cattle into the most recent estimates, available feed grains Corn Belt, thus far in 1942. has been ap- per animal unit will be 2 percent lower on proximately the same as that of a year ear- October 1 than last year for the U. S. but Her. but in both years this has been far be- just equal to the 1937-41 average. Indiana low normal mid-summer and early fall figures show a slight increase in availabh
Object Description
Title | Economic Information for Indiana Farmers, no. 14 (Sep. 1942) |
Purdue Identification Number | UA14-13-econ194209a |
Date of Original | 1942 |
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 | 02/26/2015 |
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-econ194209a.tif |
Description
Title | Economic Information for Indiana Farmers, no. 14 (Sep. 1942) |
Purdue Identification Number | UA14-13-econ194209a |
Transcript | ECONOMIC INFORMATION FOR INDIANA FARMERS No. 14 Division of Agricultural Economics September, 1942 THE LIVESTOCK FEEDING SITUATION The meat and livestock market is in a position where demand is, and seems likely to continue to be the dominant factor. This condition exists in spile of record production and marketings of meat animals. The unusual demand arises not only from the greatly increased purchasing power of American consumers, but also from the government purchases for lend-lease and army and navy needs. Feed production and price relationships have permitted livestock expansion to record levels, but in spite of this, shortages of meats appear at retail counters throughout the nation. Under such conditions, and in line with the government's attempt to regulate the cost of living, price ceilings on meat products at wholesale and retail have been imposed and newer plans include ceilings on live meat animals and rationing of all meats to the civilian population. Livestock feeding profits in 1942-43 will depend to a large degree upon the as yet unannounced and untried formula for regulating live prices. However, in general, the coming year may be expected to be one of at least moderate profits in feeding operations. BEEF CATTLE Cattle Numbers in the U. S. movement of such cattle. Th's reflects not Favorable price relationships and feed only present indecision on the part of Corn conditions have permitted a more rapid than Belt feeders, but also the reluctance on ths usual expansion in cattle numbers since the part of ranchers to sell feeder cattle at any- last low was reached in 1933. On January 1. thing but an advance in prices. 1942, the government estimate of cattle on Range Conditions farms was 74,607,000 which not only repre- With but few exceptions, western cattle s nted an increase of 8.5 million head over ranges have had two years of abnormally ihe 1933 figure but put cattle numbers at an good growing conditions. Accumulated feed nil time high in the United States. reserves will enable the West to carry an in- The August- 1 estimate of cattle on feed creased number of both breeding and young in the Corn Belt, however, indicated a 19 stock over winter. As a resut of this and percent reduction as compared with the general inflationary tendencies, prices of same date in 1941. This is accounted for by feeder cattle are 13 to 20 percent higher the premature marketings of fed cattle dur- than last year, irg the summer in the face of prospective Corn Belt Feed Supplies price regulations. This situation leaves a Despite present record levels of livestock, much smaller than usual supply of grain-fed the bumper feed crop of 1942 now appears market cattle in prospect for the fall and to assure fairly adequate feed supplies in winter months ahead. Indiana and the nation as a whole. Brsed rn The movement of feeder cattle into the most recent estimates, available feed grains Corn Belt, thus far in 1942. has been ap- per animal unit will be 2 percent lower on proximately the same as that of a year ear- October 1 than last year for the U. S. but Her. but in both years this has been far be- just equal to the 1937-41 average. Indiana low normal mid-summer and early fall figures show a slight increase in availabh |
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