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The Bismarck Tribune
Bismarck, Mandan, Burleigh County, Morton County, North Dakota
What is this article about?
USDA report from Washington on July 16 estimates US food supply slightly reduced by drought but ample for domestic needs through June 1937; forecasts higher prices for some farm products like butter and eggs, lower for others like potatoes and hogs.
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Both Higher and Lower Prices for Farm Products Are Forecast.
Washington, July 16.-(A)-A special agriculture department survey Thursday estimated the nation's food supply for the next 12 months at about one per cent less than for the same period of 1934-35, three per cent less than that of 1935-36, but still appearing ample for domestic needs.
The report was prepared after the drouth caused food and feed crop losses in the grain belt and covered the 12 months ending with June, 1937.
Reduced feed supplies in prospect this year, the bureau said, may result in a reduction in production of meats other than poultry in 1936-37 to about 4 per cent below the amount produced in 1935-36.
Supplies of dairy products during the 12 months ending June, 1937, are expected to be slightly smaller than those of 1935-36, the largest on record.
A bureau of agricultural economics report forecast higher prices for several farm products and lower prices for others during the remainder of the year.
The bureau said wheat prices are expected to remain about as high, relative to Liverpool prices, as in the past three years.
Higher prices were forecast for butter, cheese, eggs and the better grades of cattle while lower prices were predicted for potatoes, hogs, lower grades of cattle, feeder lambs, poultry and wool.
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Domestic News Details
Primary Location
Washington
Event Date
July 16
Outcome
food supply estimated at 1% less than 1934-35 and 3% less than 1935-36 but ample for domestic needs; reduced meat production by 4%; slightly smaller dairy supplies; higher prices for butter, cheese, eggs, better cattle grades; lower prices for potatoes, hogs, lower cattle grades, feeder lambs, poultry, wool; wheat prices stable relative to liverpool.
Event Details
Special agriculture department survey estimates nation's food supply for next 12 months ending June 1937 at about one per cent less than 1934-35 and three per cent less than 1935-36 due to drought losses in grain belt; reduced feed may cut non-poultry meat production by 4% below 1935-36; dairy products slightly smaller than record 1935-36; bureau forecasts mixed prices for farm products.