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RAPP fiHATS ByRAPOWINGS iilli 1 VllXllM Extension Agent
ORDER SEED WHEAT NOW—Because of tremendous demand, high prices and release of some 19 million acres of government set aside land, my guess is the demand for seed wheat will be high this Fali. Seed suppliers have assured me that if you order now your chances of getting the variety of your choice are good. But if you wait until planting time, prices will be higher and you may have to settle for an inferior variety.
Considering yield, bushel weight, percent lodging and disease resistance, V.P.I. field station researchers recommend the following varieties for planting this fall: 1. Arthur; 2. McNair 4823; 3. Coker 68-15; 4. Blueboy; 5. Red Coat.
FEEDER CATTLE PRICES—Feeder calf prices and when to sell, rather than Watergate, seems to be one of the main topics of speculation around Rappahannock. K. C. Williamson, V.P.I. Beef Cattle Marketing Specialist, thinks we are seeing some slight readjustment in cattle prices.
“First a look at the Fed Cattle Market. There were 17,400 head on the 11 Midwest markets Monday, August 13, compared with 16,000 head a year ago. Tuesday there were 14,300 head on these markets compared with 14,300 a year ago and Thursday 4,800 head competed with 4,900 a year ago. IF this is indicative of the national situation, a lot of people must have decided to sell cattle this week with a lot of packing plants closed. On Wednesday, August 15, fed cattle prices dropped 50 cents to $2 on the Midwest markets. This made Choice steers weighing from 950-1300 pounds selling$54.50 to $57 per hundred. This is still well above the ceiling price that packers can sell the meat for.
Feeder cattle prices were also adjusted downward but only about $1 per hundred during the week. Prices quoted for feeder cattle on Midwest markets for Wednesday, August 15, were as follows:
CHOICE STEERS—300-500 lbs., $70.00-$85.00; 500-800 lbs., $56.50-$72.50. These cattle are all sold on out weight. This means cattle are weighed when sold rather than when delivered to market.
K. C. says, “The demand for beef is still good and no one believes there is any burdensome supply of fed cattle backed up. The demand for feeder cattle is still there, so all indications are that there are no major price adjustments expected at this time.”
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