. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. * PROSPECTS FOR CATTLE FEEDING IN 19l^p-U6 By L. F. Stlce, Extension Marketing Specialist Because of present high prices of feeder cattle and uncertainties as to feed supplies, future demand and government policies with respect to subsidies and price ceil- ings, Illinois cattle feeders have a difficult problem in deciding on the kind and number of cattle, if any, to put into feedlots this fall. Civilian supplies of meats will be more plentiful in 19^6 than the extremely short supp
. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. * PROSPECTS FOR CATTLE FEEDING IN 19l^p-U6 By L. F. Stlce, Extension Marketing Specialist Because of present high prices of feeder cattle and uncertainties as to feed supplies, future demand and government policies with respect to subsidies and price ceil- ings, Illinois cattle feeders have a difficult problem in deciding on the kind and number of cattle, if any, to put into feedlots this fall. Civilian supplies of meats will be more plentiful in 19^6 than the extremely short supplies of 19^5* but the demand will continue strong, even though consumer incomes will decline from wartime levels. As meat supplies increase and consumer incomes decline, the grading of slaughter cattle will become more strict and cattle prices will react in a more normal manner to seasonal changes in marketings. The result may be somewhat lower prices for finished cattle in the late spring and early summer of 19^6 than those which have prevailed in 19^5^ but no drastic decline is expected. The ending of slaughter sub- sidies without increases or elimination of price ceilings on beef will result in lower re- turns to fanaers. Prices of feeder cattle have declined since midsummer, but whether they decline sufficiently to permit the purchase of cattle for feeding with much prospect for profit remains to be seen. Marketings have been lighter in July and August than in 19^^ and may be bunched in September and October (see chart). However, a smaller supply of yearlings, t^he probability of soft corn, good feed conditions in the west and slaughter competition for cattle in killing flesh are all bullish factors in the feeder cattle market. Cattle feeders should watch the cattle market very closely diiring the next few weeks in order to take advantage of any sharp price dips that might occur. WEEKLY RECEIPTS OF SALABLE CATTLE AND CALVES AT 12 MARKETS, 19^^ AND 19U5 1^ Head (000) 350 500
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