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Falcone vs. BU...
This year's autumn corn harvest is down 16% from 1979's large crop, and the lower yield has already pushed prices above the $3-per-bu. level, vs. $2.45 for the same period last year. Ranchers, also suffering from the drought and fearing a hike in the price of their prime feedstuff, sent more of their cattle to slaughter earlier in the summer in order to save on feeding them. Initially, this depressed beef prices, but the long-term effect will be to deplete the herds, reduce supply and make meat more expensive later. The production...
Prices for key commodities, such as corn and soybeans, are now higher than they were before the Soviet embargo. Iowa farmers, who were getting $2.15 per bu. of corn before the embargo, were getting $2.76 at week's end, the highest price in nearly four years. Wheat in central Kansas closed the week at $3.70 per bu., nearly back to the $3.80 price in January. Beef prices, however, will start falling by November because of accelerated slaughtering due to the drought. That will result in somewhat lower beef prices then, but higher ones early next year...
Officials predicted that the bad weather would add no more than one-tenth of 1% to the cost of food this year. The important 1.85 billion bu. winter-wheat crop had already matured before the weather turned bad. In addition, the U.S. holds such huge agricultural reserves, like the 1.7 billion bu. of corn and 901 million bu. of wheat from past good harvests, that there is at present no danger of shortages. The recent years of harvest feasts will permit U.S. agriculture as a whole to survive a relatively short period of drought and heat...
...Radcliffe heavyweight crew displayed awesome raw power this spring in thundering to impressive victories over MIT, Dartmouth, BU, NU, Princeton, Cornell and Yale. But at the Eastern Sprints championships on Connecticut's Lake Waramug, the heavies' comeback effort fell just short and they wound up second a fraction of a second behind an upstart Penn boat...