HomeMy WebLinkAboutThe Exeter Times-Advocate, 1976-10-21, Page 20LEARN ABOUT FARM SAFETY — Students of Stephen Central Schaal received instruction Monday an farm
safety from Michael Miller of the Ontario Safety Association. Shown with Mr. Miller are Elaine Vincent, San-
dra Riddell, Mark Gibson and Paul love. T-A photo
Hurry . . . The Annual Co -Op
FALL SALE
ENDS SATURDAY
ANTI-FREEZE
Permanent ethylene glycol base anti-
freeze in a convenient, economical can
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548-003.
,A74
gallon
Hundreds of
SUPER VALUES
Still In Stock
EXETER. DISTRICT CO-OP
Telephone 235.2081
NNW. DISTRICT CO-OP
BRUCEFIELD
482.9823
HENSALL
2624002
ZURICH
236-4393
A BARGAIN!
At fraction• of
original cost
Concrete
Batch Plant
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Scales attached,
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CONTACT:
461-1091
THORNDALE
Did You Ever Sell Fat Cattle?
If You Have, Then Attend The
Master Feeds Beef Producer Night
at Country Pavilion, KOMOKA
Thurs., Nov. 4, 1976, 8:00 p.m.
The Program Features:
-- 1.-K Ranches - Bassano, Alberta
25,000 head feed yard
— Dr. Burgess, University of Guelph
„.Factors affecting final weight of fat cattle
Doug. MacDonnell, Ontario Public Stockyards
Factorsaffecting final price of fat cattle
--- Dr. Richard Welton, Maple Leaf Mills,
Energy and Protein Beef Ration Research
at MASTER FEEDS FARM
Nutrition is our Business
DOOR PRIZES, BARBECUE BEEF ON A BUN,
MARKET REPORTS
BEEF FEEDERS
START CALVES WITH
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MASTER FEEDS
Komoka: 471-1920
PAUL REVINGTON 672.6919
GALLON $5•95 •
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IMPLEMENTS
EXETER FORD
?actors
Equipment Sales
Equipmert
Ltd.
LmOs ,Road East Phone ,235-2200
C. A. BECKER EQUIPMENT LTD.
Invites You to Attend Their
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Fri., Oct. 22, 1976
Commencing at 1:30 p.m.
At Their Dealership Location In
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Beef Barbecue
Free Draws
Tractor & Plow Demonstrations
Dancing from 9 - 12 to the
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See the "Pro-Ag Line" 1:1,419q.
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FINAL 3 DAYS!
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All
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BUILDING .SUPPLIES
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482-3405
SEAFORTH
527.0910
HENSALL
262.2418 BUILDING COMAE
Temperatures
Are Failing . .
Winterize
Your Car, Truck
and
Farm Vehicles
Now
•
Anti-Freeze
Buying cattle
— often between producers
themselves. Any responsible
market information on current
price structure, cattle numbers,
cow and heifer numbers, either
held back for breeding or sent for
slaughter, can be useful in
determining the enthusiasm with
which. any cattle feeder should
approach the industry this fall,
Frankly, with the number of
calves born in 1975 and with the
carry-over of yearlings, coupled
with a required reduction in
Canada's dairy herds to conform
with new Federal industrial milk
quotas, it appears to me there
will be no major price increases
for fed beef for some months to
come. This is one prediction on
which I hope I am proven wrong!
Cattle price cycles have been
with us for generations, I doubt if
the pattern will change. This
leads to the conclusion that when
the current depressed price cycle
changes to a more buoyant level,
beef cow-calf producers will
receive prices more in line with
what they should be. I'm just
thankful that over 3,000 more
beef-calf producers in Ontario
•
The October meeting of Elitn-
ville Women's Institute took the
form of a masquerade party at
Usborne Central School with 80
ladies attending.,
The members of all the
branches of the Huron South
District were entertained. Many
attended in costume,
Mrs. Gilbert Johns, Mrs. Jim
Miller and Mrs. Wellington
Brock, program committee for
the evening, took charge Qf the
costume parade.
The following classes were
judged and winners named:
Oldest person in costume, Mrs.
Ted Pooley; Most comical, Mrs,
Ebert. Weigand; Best couple,
Mrs. Taylor and. Mrs. Lovie;
Best Hallowe'en, Mrs. Bill
Rowcliffe; Best representation,
Mrs. Ray Cann; Most ugly,
meanest, Mrs. Allen. Johns.
The judges were Mrs. Grace
Elsie, Mrs. Ed. Johns and Mrs,
Roylance Westcott.
Each branch contributed to a
program of music, readings, a
skit and contest which was en-
joyed by all.
As fall approaches beef cattle
feeders inevitably face the
decision whether to buy at all, or,
if buying, at what weights, age
and price. It has often been said
that cattle feeders aye the world's
greatest gamblers, Perhaps it's
because they buy without having
much assurance of what the price
is going to be when the cattle are
finished and ready for market,
Losses have occurred — but so
have profits. Most responsible
cattlemen realize that they can't
always make a profit, but taking
the business over the years most
astute feeders, large or small,
have done reasonably well.
There are some feeders who
depend on forecasts of cattle
prices made by those who may
not have access to all the cir-
cumstances of the individual
feeder. For instance, if a cattle
feeder has equipment and
facilities that may have already
been substantially depreciated or
he has abundant silage, hay and
feed grain, he may be a bit
keener bidder on feeder calves or
yearlings than a feedlot operator
who is more dependent on pur-
chased feed inputs.
Bank interest rates are a
substantial factor to be con-
sidered in the cost of producing
beef. Frankly, interest rates are
too high, certainly in comparison
with the USA. But the Bank of
Canada, which regulates both the
money supply and the interest
rates for all chartered Banks in
Canada, has determined that
high bank interest rates are
likely to continue. There are
some who argue that the cattle
feeder with his own money supply
doesn't have to worry about bank
interest rates. But his money will
still earn almost the equivalent of
bank interest on loans in
guaranteed investment cer-
tificates.
One wonders why the Anti
Inflation Board • keeps harping
about reducing consumer costs of
food while the Bank of Canada,
another Federal Government
Agency, deliberately keeps bank
interest rates high thereby ad-
ding to the cost of food. For in-
stance, a 500 lb. feeder steer calf,
bought at 35 cents lb. in the fall,
fed for a year and sold at 1100
lbs., will attract interest charges
of over 1.7 cents per lb. or over
$18.00 at present bank prime rate
plus 1/2 of 1 percent, and the rate
could be higher than that. That
extra cost is increased sub-
stantially by the time the carcass
reaches the consumer counter if
only 42 percent of the carcass is
sold as edible meat — and that's
about the average yield of
saleable meat even with a 56-58.
percent live weight-to-carcass
dressing percentage. Someone
has to pay the interest costs.
Either it comes out of the
producer or the consumer.
It would seem like common
sense for a prospective cattle
feeder buyer to get all the in-
formation obtainable on possible
feeder supplies, as well as on feed.
and other input costs, before
going to the local auction market,
stock-yard or feeder sale. The
Ontario Ministry of Agriculture
and Food has prepared and
published a useful "Break-even
costs for Cattle Feeding Chart".
It can be obtained by writing to
the Information Branch, Ontario
Ministry of Agriculture and
Food, Parliament Buildings,
Queen's Park, Toronto, or it
might be available at your local
Agricultural Representative's
office.
In an American publication,
entitled "BEEF", published
monthly, (July issue), I read an
interesting observation by an
American beef cattle economist
"Marketing is receiving in-
creasing attention, but more is
needed. Agricultural marketing
systems are highly complex
mechanisms. All of us are con-
stantly learning more about
them. Most farmers and cattle
feeders are efficient producers, It
is in buying and selling, it seems
to me, which offer greatest
possibilities for improvements
within the system. It is in these
areas, also, that organized and
controlled efforts may be most
productive. Marketing ends with
selling, It begins with buying.
"Every year, thousands of
cattle feeders and primarily
farmer feeders are "ripped off"
in buying feeders either through
selection of less profitable types
of cattle or by willingness to pay
prices which more highly in-
formed feeder buyers consider
excessive. Marketing includes
production to the weights, quality
grades, and yield grades
preferred by the market."
" • . . In selling, organized ef-
forts are needed to standardize
on a fair basis all the non-price
terms of trade including
shrinkage, weighing conditions,
and trucking costs, as well as
market selection and prices."
Seemed like common sense to
me. Agriculture, and that in-
cludos farming, is a rough, tough
business with intense competition
Feeder prices
remain firm
During the past week a number
of the Northern Feeder Sales
were held and the prices remain-
ed fairly firm on a rather weak
beef market.
South River sale, sponsored
by the Parry 'Sound District
Livestock Co-Operative Associa7
tion, had a very successful sale:,
on Friday, October 8, when it
sold 1148 head. The cool bright
autumn day brought a capacity
crowd of buyers and spectators
and the high bid of the day was
$43.25, for a pen of 8 Hereford.
male calves, averaging 435 lbs.
However, there were also 7
larger lots which sold for over 40
cents. One pen of 29 Hereford
male calves, averaging 530 lbs.
brought $42,25. This year, as in
previous sales, there were more
calves than yearlings, but unlike
other sales there was a much
higher percentage of good heavy
steers and heifers.
Mrs. Sheila McGillivray of
Trenton spent the weekend with
her mother, Mrs. Ralph Bailey.
They attended the dinner and
reception of Mr. & Mrs. Bert
Bailey, Oxford Street, London,
The occasion was their 50th wed-
ding anniversary.
Mr. & Mrs. Wilson Morley
arrived home last week from an
extended visit with the latter's
brother in Kamloops, BC,
They also took a seven day tour
of the Pacific West Coast, in-
cluding three days on Vancouver
Island. On returning home they
visited a nephew Raymond
Morley in Calgary.
Frank Triebner is a patient in
South Huron Hospital, Exeter.
have enrolled in the Ontario
Government's calf stabilization
program than last year. This
means that over 15,000 beef-calf
producers, in Ontario are
guaranteed the difference bet-
ween the average price of calves
sold in major feeder calf sales
across Ontario and 50 cents lb.
The Hon, William Newman,
Ontario Minister of Agriculture
and Food, is to be congratulated
for continuing a program that
helps cow-calf producers to
withstand the economic problems
they are facing during these
depressed price days while at the
same time assuring Ontario
consumers of a continuing supply
of beef, since each juicy steak or
roast starts with one cow
producing one beef-calf annually.
Page 20
Times-Advocate, October 21,1976
Elimville WI entertains