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A healthy demand for broilers continues to support the current price level, with another cent or. so gain,likely in the n^xt two torture weeks. ' While supplies are moving steadily upward, they’ll stay relatively at the same percentage above last year into April, something like 10% above. In March the spread will widen to around 18 per cent above last year, but only because of a sharp dip in supplies at this point last year. The actual supply climb will be steady, Virginia’s indicated supply will move to around 4 per cent above last year in the next week or so.
Factors offsetting the increasing supply will include normal pickup in demand as vveatherjgets warmer plus the relatively high level of prices in competitive red meats. Chick placement figures now show by mid-April, broiler numbers will reach a record high, topping last year’s record high peak reached in August.
Prices last week were generally a cent stronger, with the Valley at 21-22c; Georgia and North C*r°' lina 21c, and Delmarva, 2c higher at 22-1/4 to 23c. . :
EGGS
Egg prices hang by the weather, but barring extremely cold weather in producing areas, the price' will probably see-saw a little before starting into the. downtrend that’s historical about now.
A spurt in receipts usually be- _ gins about the first of March.
Two factors—shorter supplies because of cold weather plus a good demand for hatching eggs— are credited with the significant price increases of the,, past week, Richmond was up 4c at the end of last week to 45c a dozen for Grad* A Large; Harrisonburg up 6c to 45c a dozen, and the New. York market picked up 4c a dozen on nearby eggs to. bring 48-5 lc a dozen. 5 fv- .-•'i i;
GRAINS
1958 support prices on most Virginia grains will probably be. the same as last year. National support on soybeims, oats and' corn have been announced at last yekr’s level, so Virginia’s probably will be, too. Soybean national support is again $2.09, putting Virginia’s support at $2.04; No. 3S oat national support, 61c, Virginia’s probably the same as last year's at 73[c. Corn national support will be unchanged, putting Virginia’s support levels at $1.55 in commercial counties with, acreage compliance; $1.25 without, acreage compliance, and $1»42 in non-commercial counties
56.3%