Word: grained
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Arkansas state officials estimate that 25% to 50% of the soybean crop in that state has already been lost, with yields down as much as 64%. Milo or grain sorghum harvests suffered a 30% to 50% loss. Arkansas dairy farmers reported milk production drops of about 20% because of the heat. And despite George Gershwin's famous song, this summertime the fish are not jumping. Jim Malone of Lonoke, Ark., said that 1.3 million gal. of water evaporated daily from his pond once the temperature hit 100°. He had to pay $5,000 to pump in fresh water...
...Midwest, however, the heat and drought have had a mixed result. Commodity markets have been on a rollercoaster ride of boom and bust this year. Prices went into a tailspin last January, after the President announced the Soviet grain embargo. But reports of the drought began pushing them up again by the end of June. The market has also been helped by the timing of the Soviet decision to resume buying American grain on the last year of a five-year contract. It was announced last week that the Soviets will make an initial purchase of 100,000 metric tons...
...than 2.5 million chickens died. Poultrymen hosed down the coops and walked through them day and night, stirring up the chickens so that they would move about and be less likely to suffocate. In Texas the cotton crop-biggest in the state-was suffering, and so were fields of grain, sorghum and soybeans. The ominous forecast for this week: more hot weather...
...Interstate Commerce Commission the power to regulate the fledgling trucking business. But over the years, as the infant grew into a $108 billion-a-year leviathan, the agency produced some startlingly ludicrous anomalies. Agricultural haulers, for example, could carry milk but not yogurt or ice cream; truckers could move grain from farm to market but could not take animal feed back in their empty trucks. Reason: both milk and grain were exempt from ICC regulation as unprocessed commodities, whereas yogurt, ice cream and animal feed were regulated...
...once fearsome tariff walls to allow cheaper foreign goods to flow into the country. Import duties have averaged over 45%, but the goal is to reduce them to 15% by 1984. The Argentine balance of payments will remain in the red this year, despite the export of grain to the Soviet Union following the embargo of U.S. sales to that country in January in retaliation for the Afghanistan invasion. The Soviets will buy $800 million worth of grain and meat from Argentina this year...