Titonka Topic from Titonka, Iowa on July 3, 1975 · Page 13
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Titonka Topic from Titonka, Iowa · Page 13

Titonka, Iowa
Issue Date:
Thursday, July 3, 1975
Page 13
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Reduced Demand Seen For For Soybean Crop Reduced demand for soybean oil and meal, the prospect of one of the largest September carryover: ever, and the possibility of a large 1975 soybean harvest highlight a report issued today by the U. S. Department of Agriculture (USDA). According to the "Fats and Oils Situation", issued by USDA's Economic Research Service, disappearance of soybeans is expected to drop to about 1.18 billion bushels, the lowest since 1968-69. This low disappearance will likely bring about a September carryover of around 225 million bushels, the third largest ever. The situation report holds a slim hope for a market turnaround if the 1975 soybean crop is late or sharply reduced and if worldwide demand increases. Both of these conditions seem unlikely at this time. Soybean plantings this spring were completed well ahead of the average and if growing conditions continue favorable during the summer, prospects for yields higher than year-earlier levels would be no good. This would provide a margin of protection against early season frosts, a situation which severely damaged last year's late planted crops. On the export scene, soybean shipments are running well behind last year's record levels. For the entire season, exports are expected to total about 400 million bushels, down about 26 percent from last season to the lowest level in six years. Exports of soybean oil may be down 27 percent to 1.1 billion pounds whiln soybean meal exports PTC estimated at about 4. 6 million tons, off approximately 16 percent from last year. Prices for soybean oil (crude, decatur) and soybean meal (44 percent protein, decatur) have declined about 50 percent and 28 percent, respectively, from their highs last October. U.S. soybeans will face stiff competition from the Brazilian crop (up 30 percent from 1974) as well as from Peruvian fish- meal, African peanuts, Philippine copra and Malaysian palm oil. Other countries' gains may be partially explained by the short 1972 U.S. crop and the export embargo in the summer of 1973 which may cause many countries who depended upon the United States to begin seeking alternative sources of supply. The report indicates that Brazilian soybeans may expand even further into the world market in the future. Soybean crushings are estimated to fall about 15 percent to 700 million bushels this year. This represents a crushing rate of only two-thirds capacity, the lowest in over 20 years. Other commodities covered in the "Fats and Oils Situation" will be cottonseed, cottonseed oil and meal, lard, peanuts, flaxseed, and linseed oil and inedible tallow. County Historical Society To Print County History The Kossutli Co. Historical Society is having the Kossuth County History by Ben F. Reed reproduced. Cost of the book will be $35. 00 per set and orders must include an advance payment of $15. 00 per set. Ordering deadline is Sept. 1, and the price will increase after that date. Only a limited number of copies will be printed. Send orders to Mrs. Howard Long or Mrs. W.H. Raney, Algona, la. 50511. Include your name, address, city, number of sets wanted, and your advance payment. Make checks payable to the Kossuth Co. Historical Society. The Society also extends an invitation to residents to join their group during this Bicentennial Year. There are no requirements except an interest in preserving and enjoying the early history and historical items of the community. Just send your $2. 00 membership fee to Mr. Roy McMahon, treas., Iowa State Bank, Algona. Hog Situation And Outlook by John Ley A sizeable cutback in sow farrowings will continue this summer and fall, based on the USDA's June Report on Hogs and Pigs data, says Gene Futrell, Iowa State University Extension Economist. The June report estimates the number of hogs on farms on June 1st in the U. S. at 48. 2 million head, 19% fewer than a year earlier. "This points to a fairly sharp decrease in pork supplies over the next several months, compared with year-earlier periods, and relatively strong prices for hogs at the farm level, " said the economist. This drop in inventories reflects the decrease in the 1975 spring pij crop. Sows farrowing hi this December-May period were estimated at 23% fewer than the previous year. This 23% cutback for the period is hi contrast to the 15% cutback in the farrowing intentions estimated last December. Futrell said early farrowing intentions for June through November are closer to 1974 levels, but still down 13%. Hog inventory and farrowing estimates show a. continued sizable cutback from last year in slaughter supplies this summer, probably in the 1 5 to 20 percent range. June 1st inventories of hogs under 60 pounds also suggest a rather sharp reduction in slauglr ter during the fourth quarter, perhaps into the 20 to 25 percent range. Relatively strong prices seem assured over the next several months based on indicated pork supply levels. However, the larger beef supplies expected this fall and winter plus more broilers may temper pork prices. Demand conditions, although uncertain, are generally expected to improve somewhat with moderate recovery in the economy over the next few months, said the economist. DBIVC Fred Asa Attends Dept. Of Ag. Conference The Iowa Department of Agriculture held its spring workers' conference in Waterloo June 5 and 6. The two-day conference was attended by about 175 of the Department's field workers and inspectors who participated in a series of conference sessions to update skills and keep informed on new legislative developments. The program was conducted by supervisory personnel of the Department, specialists from the Food and Drug Administration and other federal agencies and private groups. Robert H. Lounsberry, Iowa Secretary of Agriculture, told the inspectors, "You are the functioning arm of the Department and your contacts with the public help set our image. We need to be positive and understanding in our regulatory actiyities, and to keep in mind we are agricultural representatives of the leading farm state in the nation and to act accordingly. " Those attending the Waterloo workshop included Fred Asa of Algona. Planning A Wedding? See us for .... * Announcements * Invitations * Napkins * Guest Books ' ; : A.COMPLETE SELECTION ••• • • i*. -.-'?•'• •''" •• v '•• ' ' ' 3Titonka Topic Bedell Named Freshman Region Representative WASHINGTON: Iowa Congressman Berkley Bedell has been elected regional representative from a four state region to the Executive Committee of the Freshman Class. Bedell was selected for the post by fellow first-term Democratic Congressmen at a. recent meeting. The Sixth District Congressman also currently serves as Secretary for the group. As one of nine regional representatives, Bedell will represent the freshmen delegations from Iowa, Kansas, Oklahoma and Texas at Executive Committee meetings. Other members of the Executive Committee are Class Whip John Jenrette (D-SC), class representative to the Democratic Study Group Andy Ma- guirc (D-NJ), class representative to the Democratic Steering and Police Committee Bill 3rod- head (D-Mich.),former class chairman Dick Ottinger (D-NY). Also on the Committee as ex officio members are class chairman Carroll Hubbard (D-Ky.), vice chairman Gladys Spellman (D-Md.), Bedell and class treasurer Mian Howe (D-Utah). The Executive Committee meets regularly while Congress is in session to decide on legislative strategy and foster communication between the 75 first- term Democratic Members of Congress. Agriculture Committee To Monitor Farm Economy The Senate Agriculture Committee has announced plans to ' hold quarterly hearings to monitor developments in the farm economy. Secretary of Agriculture Earl Butz will be called on at each of the hearings to present a detailed assessment of the supply and demand situation for each of the major crops as well as livestock. We will also request updates on food prices, the costs of processing and marketing, and the farmer's share of the consumer's food dollar. The hearings are a direct response to the President's veto of the 1975 Farm Bill, but they also reflect a growing concern by agricultural representatives for the future stability of the agricultural economy. Without the increased target prices and loan rates that were part of the Farm Bill, farmers lack the protection they need against serious financial losses in the case of a flucuating market. By keeping close watch on the situation, we will be in a good position to head off any problems that could arise. Along with this special monitoring effort, the Senate will also be investigating a situation that could have an enormous impact on the farm economy— coruption in the nation's grain inspection system. Subcommittees of both the Agriculture and Foreign Relations Committees have announced plans for investigations, and as a member of both subcommittees, I plan to become deeply involved in finding ways to clean up the present problems, and prevent them from recurring. The quality of America's agricultural exports has come under question because grain inspectors at ports of export often gave approval to low-quality grain. As a result, many foreign customers became disastified and began to look to other countries for grain purchases. Although the inspectors are licensed by the Department of Agriculture, they are not federal employees. It appears we will have to either strengthen the licensing and oversight of inspectors, or else place the inspection system within the USDA. Grain-producing states like Iowa have a large stake in the handling of this situation, of course, but the economic impact does not stop there. The United States relies heavily on its farm exports in order to maintain a favorable balance of trade, and if those exports drop off, the effects will be felt in other sectors of the economy besides agriculture. NOTICE We are receiving patient inquiries. We do not discriminate on the basis or race, color, or national origin. Admission is not restricted to members of any group, order or religious belief. Financial arrangements, rates and availability of accomodations are made available to all without discrimination. CALL: 928-2600 TI7ONKA CARE CENTER TITONKA, IOWA Gas Watchers Need To Know The Truth Recent newspaper headlines have read, "Energy Saving Seen as Must", "Calls for More U.S. Oil Production", "Glut of Gasoline; Dealers Complain", and "Oil-Pricing Nonsense has Produced Over Supply". Who do we believe? Is there a gas shortage or not? The AAA Motor Club of Iowa says there is not a shortage of gasoline but the question is, "Can we afford to pay the price for it?" Simply stated, the United States imports far too much oil, at far too high a price. Just five years ago, our country imported 3.4 million barrels of oil per day. Presently, we are importing about 6. 2 million barrels daily. This is almost double the amount of five years ago. With our steadily increasing dependence on foreign oil, the cost has risen to reflect the demand. In 1972, foreign petroleum sold for only $2. 50 a barrel. Today, the price of oil is over $11. 00 per barrel on the international market. The foreign oil producing nations, primarily die cartel known as the Organization of Petroleum Exporting Countries (OPEC) are enjoying windfall profits, stockpiling huge sums of money, or investing it abroad. The U.S. paid some $25 billion for oil in 1974, more than three times the 1973 bill and this was for almost the same amount of oil. The 1974 trade deficit exceeded $5 billion, compared to a $5 million surplus the previous year. That is money lost to foreign nations that otherwise could have been funneled into the U.S. economy to help overcome unemployment, inflation, and recession. As President Ford has pointed out, there is no way this country can afford to risk the economic danger of letting those kinds of deficits continue to pile up. Petroleum refined into gasoline represents a large slice of the energy pie. Gasoline used in passenger cars accounts for about 38 percent of all petroleum used in this country. Clearly, to reverse these conditions, positive, constructive action must be taken on a massive scale. Thus, the American Automobile Association and the Motor Club of Iowa ask Iowa drivers to make 5 gallons of gasoline do the work of 6. This would help the U.S. to reduce the importation o£ crude oil by one million barrels per day, the goal that President Ford set to equalize our balance of payment. "No, there isn't an oil shortage, but we can't afford to pay the price, " says the Motor Club of Iowa. Be a Gas Watcher make 5 gallons do the work of 6, It is not only patriotic, but every time you make it work, the price of one gallon stays in your pocket. Seedling Blight Attacks Soybeans In County Pythium seed and seedling blight is an extremely prevalent soybean disease in Iowa areas that were dry and have not received adequate moisture within the last two weeks, reports Robert Nyvall, extension plant pathologist at Iowa State University. The disease is most common in low lying areas or on heavy soils. In some areas of western and central Iowa, entire fields have been replanted due to lack of stand. Soybean seeds planted into dry or cool soil partially germinated. But developing seedlings THE TITONKA TOPIC July 3,1975 — Page 7 — could not emerge and become infected by the soil-born disease- causing fungus. As moisture became available, the disease was already well established and the moisture aided the disease development more than it helped the germinating seedlings. First symptoms are areas within rows of several feet where no soybeans have emerged or are being killed by the disease- causing fungus. The seedling may or may not have green cotyledons (lower levels), but the root will be light brown and shriveled, according to Nyvall. Frequently, only the root closest to the cotyledons will show this symptom. The rest of the root will appear healthy. The plant disease specialist advises farmers to use a planter box fungicide seed protectant when replanting to prevent the disease on replanting. Hold Bridal Shower To Honor Mary Greenan A miscellaneous bridal shower honoring Mary Greenan, bride- to-be of Stuart Pannkuk, was given June 14 at Ramsey Church. Maria Huisman registered die guests. Mrs. John Pannkuk, mistress of ceremonies, welcomed the guests and introduced the honored guests, the bride-elect, her mother, Mrs. West Greenan; Stuart's mother, Mrs. Irvin Pannkuk; his grandmother, Mrs. Lena Huisman; and Mary's grandmothers, Mrs. Paul Greenan and Mrs. Prank Pirkel, both of Mason City. They were presented corsages pinned on by Mrs. Gordon Wirtjes. The program consisted of a welcome by Lori Ricklefs, devotions by Alice Pannkuk, a piano solo by Audrey Sonnenberg, a reading, "Advice to the Bride", by Grace Pannkuk; a reading by Audrey Sonnenberg, a vocal solo and an evening prayer by Alice Bartelt. The program closed by singing "Blessed Be The Tie That Binds" by the group accompanied by Alice Bartelt. Lunch was served from a beautifully decorated tea table in the bride's colors. The center piece was a bouquet of mixed spring flowers. Mrs. Ada Wirtjes poured, and Marilyn Huisman dipped punch. Betty Ubben, Kristin Ricklefs, Karlenc Harms, Lori and Marilyn Ricklefs and Tammy Kardoes carried gifts to the bride. Mary was assisted in opening her gifts by her mother and Stuart's mother. The gift table was also decorated in the bride's chosen colors with a heart-shaped pillow for the bows. Hostesses for the occasion were Audrey Sonnenberg, Alice Bartelt, Loretta Ricklefs, Darlene Ricklefs, Minnie Pannkuk, Alice Pannkuk, Grace Huisman, Grace Pannkuk and Ada Wirtjes. Attention Commodity Traders 3.27 56.50 64.00 196.00 62.00 PRICE CHANGES WILL OCCUR IN EACH OF THESE COMMODITIES THIS SEASON. HOW WILL THE PRICE CHANGE AFFECT YOU? MORE IMPORTANTLY, SHOULDN'T YOU BE USING THE FUTURES MARKET TO GAIN THE MAXIMUM BENEFITS FROM PRICE CHANGES? Our weekly market letter provides specific buy and sell recommendations on all actively traded commodities including: LIVE CATTLE, PORK BELLIES, LIVE HOGS, SOYBEANS, SOYBEAN MEAL AND OIL, WHEAT, CORN AND OATS. For a frfee 4-wetk subscription to our weekly market letter, mail the coupon below or call your PEAVEY COMPANY COMMODITY SERVICES OFFICE. We have direct telephone Uae to traduf floori... •• telephone operators to (o tbroogh. Peovey Co, OMamodttyScnrfcef P.O. Bex 91 Bancroft, towm W17 CHARLES D. INGALLB Commodity Brokfi- BM..S1MIM7I7 Please send me yew weekly market letter tar the aot four weeks. NAME.... ADDRESS, CITY. STATE .... TELEPHONE NO Bicentennial Chairman Jury 4th Message Mr. Robert W. Dillon, Chairman of the Iowa American Revolution Bicentennial Commission, stated "It is appropriate that we as Americans realize what we are celebrating this July 4th. We are commemorating the 199th anniversary of the birth of America, not only for its historical and political significance, but also because this country stands as the example of the successful assimilation of many institutions, customs and people. A quickening spirit must be generated from homes, churches and playgrounds, from schools and meeting halls, from the ^cities, towns, valleys, and plains of all America". "The challenge we must face together is a national and individual commitment to our country and to ourselves that we must get on with the task of reaching for the American ideal." Dillon further stated, "We must build a new revolution — a peaceful revolution in which government at all levels becomes truly responsive. This can be a revolution as profound, as far reaching, as exciting, as that first revolution almost 200 years ago — It can mean one year from now America will enter its third century as a nation renewed in spirit, with all the vigor and freshness with which it began its first century." "1 hope all lowans feel this new spirit and by working together will develop a quality of life in which 'all men are created equal 1 ."

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