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Farm Price Outlook
(This is the way prospects for Virginia farm prices looked to the Virginia Department of Agriculture on Friday. The Department offers it to farmers with .the warning that no one can predict prices and be right all the time.)
BARLEY *
It will probably pay again this year to store barley on the farm for at least three months after harvest.
Delayed by weather, barley marketings still are not heavy, buf prices have dropped 20 to 25 cents from mid-May in anticipation of the new crop.
Last/ week in Virginia barley averaged 90 cents to $1 a bushel for U. S. No. 2 and three or four cents less for U. S. No. 3.
When harvesting starts in earnest, prices usually drop off 'some more, given a normal crop. Virginia’s crop this year probably will be about the same as last year’s 3,978,000 bushels. Acreage over the nation is up 9%, but yields probably will be down some.
Three to five months from now, barley prices probably will be 12 to 20 cents higher, judging by past years. Grain put in good farm storage at about 13% moisture should net about half of this increase.
70.5%