Show economists ono mists forecast increase crease in prices for sheep and wool increased prices for sheep and lambs in 1940 was forecast by dr 0 J wheatley extension economist at the utah state agrical Agri cul tural college upon his recent re turn from the national agricultural outlook conference in wash ington D C the optimistic outlook for the sheep men is expected to develop from three so sources urcer first war demands rn ands are expected to be a greater price prica strengthening factor for wool than for any other agricultural product second only a slight increase in sheep numbers is expected during the next few years and third lamb prices will not joe jae materially affected by the large pork supplies sow now being marketed mirk eted however I 1 lamb a m b supplies for market during the next few months are expected to be large continued on on page four economists FORECAST INCREASE IN PRICES FOR S SHEEP CHEEP AND WOOL continued from first page due to heavy movement of lambs in to the corn belt for feeding and to the relatively small number of lambs being kept in texas I 1 for sale as yearlings yearnings year lings As a consequence prices will remain about the same as those received last fall during the next few months the consensus among the lamb iamb market analysts in attendance at the conference favored steady fed lambs prices for the next few months with rather substantial price improvement after february Feb or march dr wheatley said jr i As wool prices are now nearly 50 per cent above prewar levels in august most members of the conference thought that this rise already reflected most of the anticipated stronger domestic and foreign demand consumer demands for wool products are expected to be good in 1940 and less competition is expected from foreign manufacturers of woolens no great increase in mill activity over recent levels is anticipated wool substitutes and the fact that manufactured tu red and sem j woolen goods have been building up recently to rather high levels are expected to 1 keep wool price increases mc erate 7 |