COMMODITY BRIEFS

COMMODITY BRIEFS

STUDY: EXPORTS HIKE

US BEEF, PORK VALUESU.S. beef exports in 1989 contributed $4.66 per hundredweight to the value of U.S. fed cattle, according to the calculations in a study released here Friday by the U.S. Meat Export Federation.

Conducted by CF Resources Inc., of Denver, Colo., the impact study also said 1989 beef exports added $7.45 per cwt. to the value of feeder cattle and $10.52 to the value of calves. These figures were up more than 60 percent from comparable 1988 figures.

The study, released on the first day of the USMEF International Meat Export Exchange here, also showed pork exports in 1989 added $1.65 to the value of hogs at slaughter.

Ninety-two million bushels of corn were used to meet export demand for high-quality, grain-fed beef and pork in 1989, up from 72 million the previous year, the study said.

SOVIETS IN US TO STUDY

AGRICULTURE TECHNIQUES

PEORIA, Ill. - Four leading Soviet agricultural officials who spent their entire lives with a government-dictated economy spent hours Thursday trying to master the free market system at the Peoria Union Stockyards.

Among squealing sows, sleeping feeder pigs and portly barrows, they asked dozens of questions about raising, transporting and marketing livestock in the United States.

The Soviet group was to spend three days in Illinois and Iowa looking at agricultural facilities on a trip sponsored by the American Soybean Association.

Michael Phillips, ASA international marketing vice president, said one goal of the visit was to help the Soviets learn about the efficiencies in agricultural production that would increase their demand for soybeans. The Soviet Union is among the biggest buyers of U.S. grains.