Economists: cattle feeders' Children's theatre given a new boost price 'bust' not yet over The cattle feeding "bust" that has saddled feeders with record losses for the last year is not over, University of Minnesota extension economists warn. "Cattle numbers suggest that the slaughter cattle price bust due to a cyclical change in cattle numbers has not even begun" says Paul Hasbargen and Ken Egertson, who cite these facts: — fed cattle marketings from July 1 to June 30 were lower than the previous year. — fed cattle prices were at a record high during the past year (»43.50 vs. $40.10 the previous year). — the U.S. Department of Agriculture July 1 cattle inventory showed a near record six per cent increase in cattle numbers over July 1973. — world beef numbers are also up sharply. "So last year's heavy losses were not due to expanded feeding or to hear sell-back. Rather, these losses were due to overpriced feeders, overweight fed cattle and high feed prices," the economists claim. "Therefore, any beef price bust that might come from herd liquidation is still to be weathered," they emphasize. High feed prices and possible spread of drought will precipitate the beginning of a cutback in the national herd during 1975 and 1976. l/>wer beef prices are coming — especially for nonfed cattle. "Continued uncertainty in farm prices suggests that fanners spend some additional management time on some decisions this fall," the economists say, including: Pricing feed: Price home grown feeds before deciding on how much you can pay for feeders. (You can price a ton of quality corn silage by multiplying the price of corn by six and adding (2 to $3). Once the crop has been put up as feed (silage or wet corn), it's essentially been bought, and later changes in grain prices Who? What? When? Where? Why? How? Since You Asked Who? What? When? Where? Why? How? •:•:•:•:•:•:•:•:•:•:••.•:•:•:•:••-•:•:• * column answering que stions .v.:.v.-.v.:.x.:.:-x-:v vXvX-x-XrXvXvX-: submitted by Journal readers X'XvXvX-x-x-x-x QUESTION: Why do gas companies have different prices on the amount you use? For instance, il you use 800 gallons you pay 39 or 40 cents. If you use 1206 to 1509 gallons you pay J4 or 15 cents. ANSWER: I believe that you will find the pricing situation among propane gas companies is not an unusual practice. The power companies have long used this practice of pricing electricity according to the amount of energy used. The more used the cheaper it gets. I believe it comes down to one basic thing in our case, economics. It costs the same amount of money to drive that bulk truck out to the customers premises, to fill the tank, and return whether the customer takes ten gallons or a thousand gallons. Therefore, the costs per gallon on the small user of operating that equipment is much greater th an on a larger consumer. This could probably be illustrated with an example, but in setting Up an example it could become very lengthy and complex because consideration would have to be made for the economics of tank sizing for customer useage, the overhead items such as investment in the plant that the truck operates out of, the supporting organizations required to acquire and transport the gas to the plant, the repair and maintenance of plant and truck equipment, accounting and financial personnel, the cost of the product, etc. As you can see, it becomes a very involved situation. If you have more questions, or if anyone would like to discuss this area further, I would be willing to talk about it with them. Joel N. Boeka, District Manager Northern Propane Gas Company (Address your questions to: "Since You Asked...," -^MK •38S& Box »S, Fergus Falls, Minn. 5S537) .v.-.-.v.v. should not be considered as changing feed costs, Hasbargen says. Consider more corn silage: High corn silage rations become more economical at current high grain prices because the added cost of harvesting, storing and handling the whole corn plant (about $3 a ton) becomes justified. In a two-phase feeding program, carry calves to heavier weights before switching to high grain rations. However, for yearling programs, don't go too heavy on forages or cattle will need to be carried to much heavier weights in order to obtain choice grade. Rethink your protein feeding habits: When grain is high- priced relative to protein, it can be profitable to increase protein rates fed to younger animals. But for heavier weight animals, recent research shows that protein levels can be cut back sharply from past recommended levels. Consider feeding hogs Instead ol cattle: Current feeder prices on cattle and hogs, when coupled with livestock outlook prices, suggest that corn fed to feeder pigs will return more than corn fed to feeder cattle. • Timing of purchases or sales-. Cattle feeders will pay less for feeder animals in last 1974. Feeder producers may net more by selling early. Others, with excess forage with limited •market value, might best carry calves through the winter. Sell more beef cows: Cow prices will be low for the next two years. But, replacement heifer prices may be even lower, so it will be a good time to work on upgrading the cow herd. A high culling rate also has tax advantages. More information on beef and other farm commodities is contained in the new publication, "1975 Agricultural Outlook," available from county extension offices or the Bulletin Room, University of Minnesota, St. Paul 55108. NEWSPAPERS ECONOMIZE LONDON (AP)-For weeks many British newspapers had been cutting the number of pages in the face of a growing newsprint shortage. But a Cheshire newspaper unwittingly took the economy campaign a step further with an announcement to readers that its layout "has been altered to permit more news to be printedoneachpage." MINNEAPOLIS, Minn. (AP) - Children's theater, sometimes regarded as the poor stepchild of the legitimate stage, is alive and well in Minneapolis. Now in robust adolescence, the 13-year-old Children's Theater Company and School formally dedicates its dazzling J4.5 million theater Sunday. Gov. Wendell Anderson and other Minnesota political figures will be among the expected 30,000 to 40,000 crowd. "We're hoping that the opening of this place will be a landmark or a milestone as the beginning of something," says Stephen Ayres, executive producer of what he calls the only professional children's repertory company in the United Slates. "Theater for the young people often has been relegated to the nonprofessional," Ayres said in an interview. He cited John Clark Donahue, artistic dkector, as the guiding genuis of the company, which began with a $100 loan in 1961 as the Moppet Players in an Italian restaurant. A year later . : the troupe moved into an aban- . doned police station. The compa ny w as founded officially in 1965 when it began v performing in the old Audito- ]•• rium of the Minneapolis In- : stitute of Art. It had a paid staff : . of tour and an annual audience • of M.OOO then. ; The staff has since grown to 50 and the yearly audience to , 125,000, and the company has , come under the financial wing of the Minneapolis Society of Fine Arts. < Ticket prices range from $2 to $5.50, and endowment revenue from the society balances the red ink from operations. The theater is part of a $26 million complex of glistening white glazed-brick buildings to be dedicated Sunday. About 90 per cent of the funds were raised through voluntary contributions from the area. Japanese architect Kenzo Tange designed the buildings. Theater officials are bubbling with pride over the 744-seat theater housed in a four-story building, which includes a bar and restaurant to be opened soon. Dan Sullivan, Los Angeles Times drama critic, toured the facilities last month and wrote that the theater "will be recognized as the finest children's theater in this country and possibly the finest in the world." He added that Donahue now "finds himself in command of a theater complex that a major adult repertory company would sell its list of patrons to move into." The theater complex has its own recording studio and a dance rehearsal hull with one wall of windows offering a scenic view of the south Minneapolis neighborhood. 'Hie theater itself has u special "crying room," where parents tun tuke their children but still watch tin; performance. Officials say the theater has the latest and most sophisticated equipment for lighting and sound effects. The company uenerally offers one original play each Fills (Mi.) Jiiriil Tues.,Oct.U9?4 9 .season, usually written by Donahue. Ayres says several children's classics are offered each season because, "we make the most favorite legends come alive on the sta^e." '-•*, SEPTEMBER 3,1974 THRU OCTOBER 31,1974 DOUBLE BONUS OFFER! in Community Stainless 50-PIECE SERVICE FOR 8 $16.00 5-P1ECE HOSTESS SET NO CHARGE! RegUaty 1100 00 (Coniuntr Pnw) TOTAL CONSUMER SAVINGS *26.0S Solid Stainless by Oneida! Twoopportunities. two Bonuses . .. first a regular $100.00 retail set of 50 pieces, service for 8 for S89.95. . . then Bonus No. 2 is a regular S16.00 Five Piece Hostess Set is yours at NO ADDITIONAL CHARGE when you purchase the 50-piece set! For a limited time only. Open every Thursday Night until 9 p.m for your shopping convenience! DNNNS1MRS A LIMITED TIME ONLY! 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