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The Huron Expositor, 1970-11-26, Page 23on minimum monthly balance interest with chequing privileges .1 Your deposits are guaranteed by Ontario "The Province of Opportunity" 0 The Province of Ontario Savings Office SEAFORTH BRANCH Main Street, Seaforth 1- 527-0210 St, Marys Branch 284-2260 TKO HURON EXPOSITOR. 51,40001kOtilr* The overall agricultural out- look is brighter this fall than it has been for more than a year. The biggest factor is the * improved market outlook for the Prairie grains industry. Wheat is moving in greater volume, barley exports will likely set a record and the world market for edible oilseeds is exceptionally strong. Surplus milk production con- * tinues to decline and the industry is adjusting to become more ef- ficient and competitive. Barriers to Interprovincial trade continue to cloud the future of the poultry and egg industries, and surpluses are forecast for the coming year. The beef industry is expand- ing fairly rapidly and Canada's hog population is the second- highest on record. Projections indicate that farm cash receipts will increase by about $280,000,000 to more than $4,400,000,000 during 1971. • The projections for operating expenses and depreciation charges indicate an increase of about $160,000,000 to total more than $3,790,000,000 in 1971, These are some of the main features of outlook papers pre- pared by the Outlook Section, le Economics Branch, Canada De- partment of Agriculture. The papers are the back- ground material for,the annual .,Canadian Agricultural Outlook Conference which took place Nov- ember 23 and 24 at the Confer- ence Centre in downtown Ottawa. About 300 delegates from all sectors of the agricultural indus- try will attend and discuss the implications of the outlooks for, the various commodities. The following is a summary, by commtidities, of the outlook papers. • • r‘r<I/14 SWIFT'S EMPIRE SLICED WILKINSON'S IGA SEAFORTH IGA LOW REBELLION low POOD1111111 lo.gPio n Prigap sNANk PORTION, FOR ROAST ING COLEMAN'S, READY-TO-EAT FoOTRALL STYLE S MOKED HA (WHOLE HALfl OR TOMATO OR VEGETABLE HEINZ SOUP DARE CHOCOLATE CHIP COOKIES (21/2 -3 LB. AVER.) LIMIT 5 PER CUSTOMER Side Bacon 14th to 7th RIB) FAB POWDERED DETERGENT PRE- PRICED 99c MAO SIZE BOX FRESH HAM 49 parl.ron). lb . n En, ,Whnl, OF SliCe9) 59, PORK LOIN WEEKLY SAVINGS WITH IGA'S LOW REBELLION DISCOUNT PRICES RIB ▪ STEAKS SC.,Ocri RED HOT WIENERS Top Valu 51,ttl 6 Var.) COLD CUTS CENTRE CUTS PORK LOIN CHOPS TOP VALU WIENERS SILVERDALE STANDARD TOMATOES Everyday Low Discount Price Allen's Aut'd 48-oz. Tin Fruit Drinks Everyday Low Discount Price CELEBRATION (ASST'D FLAY.) Everyday Low Discount Price TOP VALU FROM CONCENTRATE Apple Juice 41.7 Everyday Low Discount Price Macaroni & Cheese 71/4 -os. Pkg. TERRY DOG Food Everyday Low Discount Price Everyday Low Discount Price Carlton Club Assed, Everyday Low Discount Price FRASERVALE FROZEN FCY. CHEEZ WHIZ Everyday Low Discount Price Kraft Reg. 16-ar. Jar MONARCH (10c OFF) Pastry Flour ONTARIO NO. 1 TATOE S PRICES EFFECTIVE NOV, 25•26 INCL. •••-•• WE RESERVE THE RIGHT TO OMIT QUANTITIES U.S. No, 1 OCEAN MAY U MAC a 9 C U.S, No. 1 Mite WI) APPLES GRAPEFRUIT OR WHITE 10 CANADA FANCY (Roy1,e roo Fresh Cranberries . th e One) n• 1-Ib• pkgs. HAPPY VALE STANDARD GREEN PEAS Reports Indicate Brighter Agricultural Outlook • BEEF CATTLE C attle numbers in both Canada and the U.S. showed the biggest increase since 1964 -- up by four per cent in Canada and up by 2.2 per cent in the U.S. Higher feeder cattle prices • have encouraged farmers to in- crease beef cow, herds inhoth the U.S. and Canada; this trend should be reflected in increasing beef output during the next few years. More cattle will go through feedlots next year because sup- plies of feeder cattle are in- creasing and fewer are being ex- ported to the U.S. This trend PERSONALIZED COASTERS - GIFT IDEAS - SERVIETTES THE HURON EXPOSITOR Phone 527-0240 : Seaforth VOCCOOKIVCCOMOD PICK UP YOUR CO-OP MINI-CATALOGUE At The Store c1-31 Christmats es Specially Priced for Christmas Giving • STOP in at your Co-op Store and browse through the display of Christmas Gifts. ORDER YOUR BEEF and DAIRY SUPPLEMENTS BEFORE NOVEMBER 30th Our Year Ends November 30th and We Will Appreciate All Accounts Being Closed Prior to That Date SEAFORTH Fil!E11/ERS 51 tion costs rose, due mostly to higher feed costs in the second half of the year, producer's net incomes were adversely affected by these trends. As feeding costs are expec- ted to remain higher in 1971 than in 1970, this factor should exert a retarding influence on further expansion, especially in the United States. However, heavier production of poultry meat and eggs in Canada is expected to continue for the foreseeable fu- ture due to the condition that exists between provinces con- cerning supplies and markets. As a result there will likely be a downward pressure on prices, expecially during the first half of 1971. Broiler chicken production rose to record levels in Canada in 1970, prices were adjusted downward to push retail sales; yet storage stocks doubled. The corn- ing year is clouded by the ef- forts of marketing boards in most provinces striving to raise prices, while on the other hand, the highly-integrated industry in Quebec is struggling with a production significantly in- creased beyond its own market requirements. The outlook Is for higher production costs and more competition from other meats. Most provinces, how- ever, continue to expand pro- duction to supply their own markets; this will undoubtedly lead to a continuation of further surpluses and little possible im- provement in producer prices. Turkey marketings in the last half of 1970 are up by about eight per cent over last year and prices have remained reasonably firm. Although it is early to predict the definite trends for 1971, other than to indicate a likely increase, it is recom- mended that any such expansion should be undertaken with cau- tion, particularly in view of the uncertainty of production trends that may develop in the United States. The export market for broiler turkeys. in the United States will probably continue to be quite substantial in 1971. Egg production, judging by increased placements of chicks, Call it salami, pepperoni, wiener or any of a hundred other names - it's all sausage, one of the oldest processed foods known to man. Each name identifies a different shape, size or flavor. Some sausage must be cooked before it Is eaten, some is eaten as is, but whatever it is called, or however it is served, home economists of the Ontario De- partment of Agriculture and Food remind us it is important to store all sausage properly. All sausage must be refrigerated at 30 to 40 degrees F as soon as possible after purchase. The storage life of the individual sausage will vary. Fresh sausage should be eaten will rise by five to 10 per cent over last rear's figures by March. The United States market is expected t o -absorb larger supplies at moderately lower prices. For the first half of next year, Canadian prices will likely follow the lower U.S. trend, and it will be more difficult to export in the early part of next year than it was this year. Ex- ports to the U.S. will likely be sporadic. There will be difficult and frustrating times ahead until the conflicts which are hindering movement of eggs and poultry meat across provincial bound- aries are resolved. within two days after purchase, as it spoils very rapidly. To help combat this problem, fresh sausage generally is sold frozen. Cooked sausages, such as wieners, bologna, vienna sausage and knackwurst, may be kept up to a week if they're vacuum- packed. Semi-dry and dry saus- ages like salami, pepperoni and thuringer have the longest storage life, about two to three weeks. The new vacuum packaging has helped extend the storage life of sausage considerably. How- ever, it is important to remember that once the seal is broken, the meat must be used as quickly as possible. should continue for the next few years. With the slightly larger supply of feeder cattle this year and higher feed grain prices, the price of feeder cattle late this fall and during the winter may average somewhat lower than last year. In the United States, an in- crease in marketings of fed cattle this fall combined with a sharply larger hog slaughter and large supplies of poultry meat, will put pressure on cattle prices during the tall and winter. In October, Toronto price] were well above the export level and any significant drop in weekly gradings of Choice and Good car- casses combined in the last quar- ter of this year would allow Toronto prices to rise even more above the export basis. However, marketings of fed cattle may not decrease enough this fall to allow the price at Toronto to rise much above the export basis. Fed cattle prices in Canada will be close to 1970 levels next year. The longer-term outlook is for per capita consumption to increase during the 1970s. There has been some shift in the domestic demand for calves for slaughter. In easternCanada, more dairy calves are being fed out as slaughtered beef. In western Canada beef females are being held for herd expansion and more beef heifers are going Into feedlots. The trend towards feedlot feeding should continue to in- crease. With continued decline in slaughter of veal, prices of vealer calves can be expected to remain at high levels. HOGS Hog numbers were up by 25 per cent as of June 1, with a seven per cent increase in the east and a 45 per cent in- crease in the west. At 7.1 million pigs, numbers reached the second-highest level on re- cord. The record was 7.4 mil- lion set on June 1, 1943. The Sept. 1 survey indicated the upward trend continued and a survey of farmers' farrowing intentions indicates they plan to continue to step up production, particularly in the west. United States producers have also stepped up production, but a survey of intended farrowings indicates that the rate of in- crease is falling. Based on survey figures of farrowings for 1970, gradings will increase 25 per Cent this fall over last fall -- 13 per cent in the east, 46 per cent in the west. Further projections indicate that hog gradings for the first quarter of 1971 could increase about 20 per cent over a year earlier. Gradings in the second quarter of 1971 (based on the survey of farrowing intentions) should be up about nine per cent over 1970. But, because indi- cations pointed to increased feed grain prices, farmers may have moderated their intentions since that survey. The spring pig crop can be expected to be considerably lower than the 1970 spring crop because it can be assumed that the profit incentive will lessen. Hog grad- ings for 1971 will likely exceed 1970 figures until summer, aver- age below in the last half, and in the balance, average out close to the 1970 total. Prices in both Canada and the U.S. have been declining from the high levels in the first quarter of 1970 but this contra-seasonal pattern will not likely be re- peated in 1971. In contrast to the 1970 pattern, prices in the spring will likely rise from winter lows, but remain below 1970 spring prices. Prices in the late summer and fall of 1971 could average above 1970 summer and fall levels. In 1972, prices will probably average above 1971 levels. During the 1970s, pork con- sumption is projected to continue to run about parallel with popula- tion growth. That means total production in Canada will have to increase by almost 25 per cent to match population growth to 1980, It is also quite possible that per capita consumption could go considerably above the levels of the late 1960s and at a level of prices considered favorable by hog producers. Efforts to im- prove consumer demand for pork by reducing the amount of fat could bring some per capita con- sumption increase during the 1970s. POULTRY Poultry product prices de- clined in 1970 in North America because of rising prpduction ' trends in both Canada and the United States. Because produc- • • U • 4 Storing Sausage