/' %5 ^ °' ' Extension Service In Agriculture and Home Economics 



"X^^^^^ University of Illinois College of Agriculture, Urbana 



^^ '^ WEEKLY REVIEW AND FARM 0UTL0C3K IHHTER 



By G. L. Jordan 

 Professor, Agricultural Economics 



(Prepared Axjgust 2) H'^^ -. . . ~; . . 



Secretary Anderson decided against reeetabllshment at this time of a program 

 under which the government would suhsldlze the use of wheat for livestock feed. This 

 decision apparently was "based on the uncertainty of demands for wheat as food, the un- 

 certainty concerning the outcome of this year's com crop, and the fact that export 

 demands for wheat for food have not yet been fully determined. 



Oats prices have "been strong during the past week as a result of several 

 factors. The demand for feed grains of all kinds has "been strong for months, and the 

 decision not to subsidize the sale of wheat for feed has added to the demand for oate. 

 Farmers are likely to feed oats heavily, and. the demand at the terminal markets will 

 remain strong. 



The Bureau of Agricultural Economics suggests that prices received by farmers 

 for dairy products during the first quarter of 191^6 will be nearly the same as in the 

 corresponding period of I9W1-U5, Cash receipts from dairy products by farmers in 19U5 

 will be about 5 percent above the 19Mi. record. Creamery butter production in 19Mi^ eank 

 to the lowest level in I6 years. On the other hand, new high records were reached in 

 the production of cream, dry whole milk and nonfat milk solids. Near- record marks were 

 reached In the output of canned evaporated milk, and only in one year was Cheddar cheesB 

 production greater than last yoar. 



Payments will be made to sheep raisers and lamb feeders In order to increase 

 the supply of lamb and mutton by helping producers meet increased costs. Payments be- 

 come effective on sheep emd lambs marketed on or after August 5 through June 50, 19^. 

 Payments will be made to producers who sell to legally authorized slaughterers and will 

 range from ^1.50 to $2.50 per hundred weight for lambs weighing 65 to 90 pounds; from 

 $2.15 to $3.15 per hundred weight for lambs weighting over 90 pounds; and $1.00 per 

 hundred weight for ail othor sheep and lambs. Sellers should retain their sales ac- 

 countD, Invoices nnd othsr evidence showing the weights and pui'chasers of all lambs and 

 sheep sold on or ai'ter Atigust 5> 19^5* Payments to sellers are to be made through the 

 offices of the county AAA comflilttees. 



The U. S, Department of Agriculture is preparing plans to support egg prices 

 In 19U6 should that become necessary as a result of continued high production and a sub- 

 stantial decrease in the demand for eggs from the armed farces. 



The government has reduced the set -aside on l€ird. The new requirement Is J*- 

 percent of the live weight on hogs Instead of the former 5 l/2 percent. 



Farm real estate values continued to rise diu:*ing the four months ended July 1, 

 19^5. The increase for the country as a whole was about 3 percent, bringing the values 

 up to 150 percent of the 1912-lif average, 11 percent above the July 19kh level and 57 

 percent above the 1935-39 average. Since March 19^1, values have risen 53 percent, or 

 an average of one percent a month, Per-acre ferm real estate values in Illinois on 

 July 1 were 6k percent above the average 1935-39 values, 



-0- • 



Cooperative Extension Work in Agriculture and Home Economics: University of Illinois 

 College of Agriculture and the United States Department of Agriculture cooperating. 

 H, P. Rusk, Director. Acts approved by Congress May 8 and June 50, I91I4.. 



