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
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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,
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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
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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
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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
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