Egg Clearinghouse Expanding to West Coast Egg Clearinghouse, Inc. will expand its trading activities to include the West Coast on Monday, September 24, ac cording to Ray Delano, ECI President and General Manager. West Coast trading has been under consideration by ECI directors since the appointment of a three-man West Coast Ad Now That You Are Going Bulk Let's Put in a Girton Girton with many outstanding features. Come in and leave us tell you about them. Reliability - Dependability. visory Committee on July 5, by Chairman of the Board John Wallace. Committee members advising the Board regarding cash egg trading and industry needs on the West Coast are: Dwight Bert, Qualtiy Farm Products, Inc., Upland, CA., Kent Christofferson, Countryside Egg Farms, Inc., Salt Lake City, Put in The Best I • I We Will Not Be Under Sold. Sales & Service - Call Collect HALLEt ELECTRIC, INC. R.D.2, Denver, Pa. 17517 Ph. 215-267-7610 OR 215-267-7514 Serving all of Lancaster and Lebanon County Utah; and George Biddle, Sun Valley Farms, Modesto, Ca. West Coast trading will take place daily beginning at 10 a.m. Pacific Time, and will consist of three half-hour trading periods. A different phase of trading will occur during eadf of the periods, with completed trades possible in any period, and the opportunity to negotiate a price in the second and third periods. Trading will be in Gradeable Nest Run eggs according to ECI Trading Rules and Specifica tions. Trading in this form has been readily accepted by the undustry since its development and the start of trading by ECI in October, 1971. The industry recognized that a practical method of trading gradeable Nest Run eggs met an urgent need of the industry, and as a result, USDA adopted the ECI Weight and Grade Specifications, and made Nest Run an official grade on November 1, 1972. The Pacific Commodity Ex change assumed industry leadership when it launched the first Nest Run Futures Contract on February 12, 1973. Once the industry and traders recognize the many advantages of this Nest Run Contract, the Pacific Commodity Exchange is ex pected to become a major factor in futures trading. Cash trading through ECI should compliment futures trading on the Pacific Commodity Exchange. Eggs delivered against the futures contract can be sold in the cash market through ECI since the specifications are the same. Trading rules for West Coast trading are being sent to major producers, packers, and dealers, and are available on request. Trading Gradeable Nest Run eggs by Weight Class and Grade, at a flat price for all eggs, is a major change from what has been the practice of the industry for many years. An un derstanding of the make-up of a GNR pack, including limits on undergrades, yield of sizes, and the cost of converting the pack to a cartoned product delivered to a Ambassador 24 Hour Service Lancaster Farming, Saturday, September 22,1973 chain store, is fundamental to accepting the concept. Cost data has been ac cumulated and summarized by ECI to give the industry a guide in determining the margin required to service chain stores with cartoned eggs when starting with the raw unprocessed GNR egg. The data is broken down into three parts: 1) Cost due to un dergrades, 2) Cost due to smaller eggs in a GNR pack; 3) Operating costs for processing and marketing. This data is available from ECI on request. Gradeable Nest Run eggs have proven to be more practical to trade for both buyers and sellers than Graded Loose. There is no duplication of processing and handling costs, and for this reason many producers, packers, dealers, and brokers have turned to trading GNR eggs. Some have developed contracts based on ECI specifications and trading rules. The overall quality has also proven to be superior because they are oil treated at the farm, fresher, unprocessed, August Order 4 Milk Prices Base milk price Excess price Butterfat differential Producers shipping to plants located within 55 miles of Philadelphia receive an ad ditional .06 per hundredweight. Butterfat differential is .09 per point above or below 3.5 percent. The August uniform price for base milk increased 35 cents from the previous month. Excess milk showed a increase of 67 cents. In comparison to August levels one year ago base milk was up $l.Ol and excess up $1.34. The weighted average price for the market was increased $l.Ol, above August 1972. A total of 367 million pounds of producer milk was pooled in August of which 64.13 percent was sold as Class I, showing an increase of 3.38 percent of deliveries made in July, and increased 3.13 percent over August a year ago. 8128 Order No. 4 producers provided 11.8 million pounds per day to dealers during August, averaging 1457 pounds per day per farm. Total value of producer milk was set at $28,552,599.64 for the month A AA A A WE OFFER 24 Hour Service EMERGENCY REPAIR SEE US FOR FARM MACHINERY A ALLIS-CHALMERS LIQUID MANURE SPREADERS U e Sen it e IF hat H* e Sell NISSLEY FARM R.D. No. 1 Washington Boro, Pa AAAA A A A and reach the buyer with a minimum of handling. Nest run eggs are a blend of sizes. However, cases with the same net weight consistently yield the same percent of the various sizes. For example, Class 1 Large with a net of 48 pounds will yield approximately the following sizes: Extra Large 18 percent, Large 54 percent, Medium 14 percent, Small 1 percent, Undergrades 8 percent to a maximum of 13 percent. This data was based on minimum 24 ounces large so that the yield of larger sizes would be greater if USDA standards are used. Trading activity is expected to be quite limited until industry leaders become familiar with how ECI operates, and see how it nan help them and the industry. Anyone interested in mem bership or trading is invited to call ECI at 800-258-7160. Trading Rules and Weight and Grade Specifications, and other in formation is available from ECI on request. $7.92 $6.51 $ .09 A MILKMOVER SYSTEM gets you out of the bam sooner-with more money in your pocket! It saves your lugging heavy pails of milk from bam to cooler. • HAS MORE MILK CAPACITY • PERMITS FASTER MILKING • ELIMINATES EXTRA HELP • PROTECTS MILK QUALITY • IS 100% SELF-CLEANING • HAS ELECTRIC CONTROLS • FITS INTO ALL BARNS • EASILY INSTALLED Available thru your local dairy equipment dealer or call the factory collect to arrange for a free demon stration on your farm Manufactured by o/oue K INDUSTRIES, INC UOHINISOIVI P O aox 1U ELKTON. HD Kill Phone 301-398-3451 AAA A A A A THE BEST IN acorn BARN W CLEANERS HARVEST EQUIPMENT -BILT Ph. 285-4844 PCX Sales and Sen it e SERVICE A A A A 21 A
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