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The feed situation . The U. S. Department of Agricultiire has sunnoarlzed its 

 latest feed situation report as follows: "Total feed concentrate supplies for the 

 l^kk-k^ feeding year, including feed grains, prohahle imports of grain, the quantity 

 of wheat and rye fed, oilseed cake and meal, animal proteins, and other mill-byproduct 

 feeds, will he the third largest on record, but will be somewhat smaller in volume 

 than in 19k^'-kk, The supply per animal unit may be about 10 percent larger than in 

 l^k^'kh, and slightly larger than in 1958-1+2, when feed grain reserves were being ac- 

 cumulated. /^ 



"The 19^U-if5 domestic supply of feed girains— com, oats, barley, and grain 

 3orghums--is indicated at 130.5 million tons, 1 percent below the 191+5-^ supply. 

 With fewer numbers of livestock on farms, the 19M+;?^5 feed-grain supply may be 15 to 

 15 percent larger per animal unit on farms than ot19^5-^^» Disappesirance of feed 

 grains probably will not be so large in 19^^-^5 as in the previous 2 years, and re- 

 serves are expected to be built up from the relatively low level reached at the end of 

 l^k'^^kk. The quantity of wheat and rye fed in 19^+^4-^5 probably will be much smaller 

 than In either of the previous two years, reflecting the Improved situation for feed 

 grains. Supplies of byproduct feeds probably will be slightly larger in volume, and 

 larger per animal unit in 19^4-^5 than a year earlier. Oilseed cake and meal supplies 

 will be slightly smaller." 



Crop goals for 19^3 . The War Food Administration is expected to ask farmers 

 to continue "all-out" food production again in 19^5. Military demands are expected to 

 continue at high levels. Some food will be needed for relief feeding, and civilians 

 will be able to pay for large supplies if available. The 19^5 food and fiber crop 

 goals are expected to call for 565 million acres, or four million acres more than the 

 acreage planted this year. It is doubtful that there will be any cut recommended in 

 com acreage in spite of the fact that hog numbers have been greatly reduced. Wheat 

 acreage has already been announced at two million acres above 19^. Probably oats 

 and barley acreage goals will remain about the same. No substantial change is expected 

 for soybean and peanut acreages. However, the government will ask farmers to greatly 

 increase their acreages of sugar beets and flax. Farmers have been asked to cut laying 

 flocks by 15 percent. The relatively high level of support prices has Induced heavy 

 production of eggs, and it may be necessary to reduce flocks more than 15 percent. An 

 increase of one million head in cattle slaughter is asked for 19^5. Hog goals have not 

 been decided. 



Large world wheat crops . The U. S. Department of Agriculture reports that 

 the 19^ world wheat crop^ excluding Soviet Russia and China, is apparently the largest 

 since 1959 * although moderately above the 191+5 crop. The large increase in North 

 America more than offsets declines in Europe, India and North Africa and prospective 

 reductions in the Southern Hemisphere countries. The estimated production in Europe - 

 Is below last year and below the prewar average for the fifth consecutive year. Stocks 

 of wheat in the United States on October 1 totaled 1,10? million bushels, almost as 

 large as the 1,111 million bushels in 19^+5 * which was the third largest on record. 



Farm Income up . Cash receipts from farm marketing fo~' the ten months Janu- 

 ary through October this year were slightly in excess of $l6 billion, 6 percent above 

 the corresponding period of 19^4-5 • September receipts were one percent above the same 

 Eonth in 19^+5' Receipts from crops rose 55 percent above August, the greatest increase 

 coming from cotton and tobacco. Income from livestock and livestock products was only 

 slightly greater than in August ajid less than the normal seasonal gain. Hog slau^ter 



