D22—Lancaster Farming, Saturday, December 17,1983
Farm Bureau adapts computerized information system
CHICAGO, IL. American
Agricultural Communications
Systems, Inc. has signed an
agreement with E.F. Hutton and
Company, Inc. which permits the
affiliate of the American Farm
Bureau Federation to distribute
commodity market information,
research and analysis from E.F.
Hutton to farmers and ranchers
through a computerized com
munication system.
Milk Market News
ORDER NO. 4 BASE MILK
PRICE $13.94 FOR NOVEMBER
ALEXANDRIA, Va - Middle
Atlantic Order Market Ad
ministrator Joseph D. Shine on
December 9 announced a
November 1963 base milk price of
$13.94 per hundredweight and an
excess milk {Mice of $12.50. The
weighted average November price
was $13.96 and the butterfat dif
ferential for the month was 16.9
cents. The base milk price is up 6
cents from October and is one cent
higher than last November’s price.
The advertising withholding
rate, which is deducted from the
base and excess milk prices but not
the weighted average price, is 14
cents a hundredweight. A total of
$687.9 thousand was deducted for
advertising in November, up from
$684.4 thousand last year. The
gross value of November producer
milk was $68.5 million, compared
to $68.1 million last year.
1500 Dair-Kool
1250 Mueller 0
400 Gall. Dari-Kool,
Round
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Under the agreement, E.F.
Hutton will provide a daily
package of technical and fun
damental market information and
advice on com, soybeans, wheat,
cotton, potatoes, orange juice,
cattle, hogs, sugar and financials.
The E.F. Hutton-Conrad Leslie
daily grain and livestock reports
and forecasts will also be featured.
The E.F. Hutton package will be
tailored for agricultural
Mr. Shine said that producer
milk receipts totaled 491.3 million
pounds during November, an in
crease of 2.5 million pounds or 0.5
percent from a year earlier. The
average daily delivery per
producer was 2,354 pounds, up 56
pounds or 2.4 percent from the
November 1962 average. Class I
producer milk totaled 243.4 million
pounds and accounted for 49.55
percent of total November
producer milk receipts. The Class I
utilization was 49.87 percent a year
ago. Base milk accounted for 92.34
percent of total producer milk
receipts in November compared to
91.60 percent a year ago. The
market average butterfat test of
producer milk was 3.87 percent in
November 1983 and 3.75 percent a
year ago.
Middle Atlantic Order pool
handlers reported Class I in-area
milk sales of 204.0 million pounds
during November, an increase of
1.6 percent over a year earlier.
600 Mojonnier
2-500 Mojonniers
400 Milk Keeper
producers.
The service will be provided to
farmers through Farm Bureau
ACRES. ACRES is an acronym for
Agricultural Communications and
Resource Evaluation System. It is
a computerized agricultural
marketing information program
available to state Farm Bureaus.
Participating state organizations
provide the service to subscribing
member farmers.
In announcing the agreement,
Robert B. Delano, President of the
American Farm Bureau
Federation and affiliated com
panies said, “E.F. Hutton is one of
the nation’s leading commodity
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trading and research firms. Their
participation will add considerably
to the management information we
are already providing Farm
Bureau ACRES subscribers. Farm
Bureau has always strived to
improve agricultural incomes
through member programs and
Farm Bureau ACRES is our
newest economic service. We are
pleased that we can offer this
important service from E.F.
Hutton to our members.”
Farm Bureau ACRES sub
scribers use their home computers
to instantly access information
contained in one of the nation’s
largest farmer oriented databases.
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The database contains current
commodity futures quotes, daily
commodity and financial market
analyses, weekly market sum
maries, USDA commodity reports,
crop and livestock price forecasts
as well as legislative reports from
the AFBF Washington, D.C. office.
Participating state Farm
Bureaus provide local information
such as crop and livestock reports
and weather data.
Farmers who receive the E.F.
Hutton package may call Hutton
analysts on a toll free number to
receive additional information.
The American Farm Bureau
Federation is the nation’s largest
general farm organization with
more than 3.3 million member
families.