Look into Futures
THOMSON MCKINNON SECURITIES INC.
GRAINS
Despite this week’s minor rally
in grains, the market tone is soft.
Continued strength in the dollar
has caused concern for exports.
Brazilian soybeans, a new wheat
crop and banish com stocks
report, all indicate an adequate
supply of grain to satisfy world
demand.
Soybean oil continues to hold up
Headlocks &
Strength Engineered For
LONG LIFE... by
MARTBI
841 Kutztown Road
Myerstown, PA 17067
Phone: (717) 933-4151
PENNSYLVANIA
Brandt's Farm
Supply
Elizabethtown, PA
(717)367-1221
Dilt's Farm
Equipment
Marion Center, PA
(412)286-9606
By Dick Slay
(800) 336-0241
the grain complex despite the
bleak demand for soybean meal.
The imminent rebound in
Malaysian palm oil (42 cents per
pound) is expected to temper gains
in soybean oil (34 cents per pound).
Any weakness in oil has made bean
traders very nervous since oil has
never been able to carry the
soybean complex alone.
Reserve com is likely to remain
Martin Cow Control Equipment:
Thomas Dunlap
Jersey Shore, PA
(717)398-1391
A.L. Herr & Bro.
Quarryville, PA
(717) 786-3521
Histand's Farm
& Home Service
Rome, PA
(717)744-2371
Contact Your Local Martin Dealer
William
Hobensack's Sons
Ivyland, PA
(215) 675-1610
R.S. Hollinger &
Son, Inc.
Mountville, PA
(717)285-4538
C.B. Hoober A Son WA J Dairy Sale* Farme „ Su , Co .
Intercourse, PA Oxford, PA Westminster MD
(717) 768-8231 (717) 529-2569 ( 3 oiTmB 6776
in release status. The 3.25 trigger
price is 20 cents below current
price and until new crop prospects
are better known, prices should be
hard pressed to reach that level.
New crop prospects continue to
concern the market. Although the
south is well behind and the
midwest is 5 to 20 percent behind
normal, most analysts believe
another two week setback is
needed to spur markets upward.
New crop prices have shown
difficulty rallying on weather
fears.
December corn has found
resistance at 3.06 for the past two
months. November soybeans have
found new resistance at 7.25 after
forming a double top at 7.40 to 7.45.
July wheat has moved back toward
3.40 after rallying near 3.60 on
fears of winter damage and in
creased export activity. Many
market watchers look for new crop
Loop Stalls
Designed and engineered for safe, dependable
and maintenance-free herd management. Built with
rugged steel to last longer. Won’t rot or splinter.
Self-Locking Headlocks
Manage stock more efficiently. Cow locks itself in
position by placing head through opening and lowering
it to feed. Each section also locks and releases
manually with simple turn of lever. Feeding can be
controlled, veterinary work performed safely. Available
in 10' and 12' sections to provide from 4to 8 stalls
per section.
Galvanized Loop Stalls
Simplify bedding area cleaning without floor
obstructions. Install or remove in minutes. Standard
lengths: 5' for 6' bed, heifers and young stock; 6' for 7'
bed, adult animals. Frame tubing construction- 55,000
lbs. mm. yield high-strength steel,. 109" wall. Top rail- 2"
O. D. tubing, .083” wall.
Marshall
Machinery Inc.
Honesdale, PA
(717)729-7117
Red Wing Farm
Fleetwood, PA
(215)944-0401
prices to fall dramatically once
weather prospects improve.
LIVESTOCK
Livestock markets have finally
discounted all the negative news
that could be found. Concerns
about weather, large supplies and
east coast strike and soft demand
had forced cattle and hogs to
recent lows. June cattle found
support below 66.00 per hun
dredweight and on a key reversal
day moved back to 67.00. Traders
warn that retail demand must pick
up in order to fuel this move up
ward.
Packer margins are still weak
and boxed beef has been disap
pointing below 1.00 per pound.
Until those margins improve,
commercial buying should be soft.
However, current feedlots create
the potential for a strong move
upward.
Zimmerman Farm
Service
Bethel, PA
(717)933-4114
DELAWARE
Delridge Supply
Inc.
Greenwood, DE
(302)349-4327
MARYLAND
Lancaster Farming, Saturday, May 5,1984-A29
Pork has followed much the
same, of course. However, the
retail tone is much firmer than
beef. With packer margins in the
black, and the spring hog run near
an end, commercial buying in
terest should remain keen.
Since the recent reversal day in
July, hogs from under 57.00 to 59.00
per hundredweight, market
watchers are looking for cash
prices to rally. The large futures
premiums are indicative of bullish
expectations, but cash must follow
suit in order to sustain that trend.
In short, although supplies are
adequate in all livestock, the key
unknown is demand. This no one
can predict. Good cookout and
planting weather will spur demand
and temporarily slow marketing of
hogs fed by grain producers. We
are all waiting for the sunshine.
Packer agrees
WASHINGTON D.C. - Louis
Kline, Inc., a meat packer at
Hollidaysburg, Pa., and Louis
Kline, its owner, have agreed to a
$20,000 civil penalty and a cease
and desist order, a U.S. Depart
ment of Agriculture official
reports.
B.H. (Bill) Jones, head of
USDA’s Packers and Stockyards
Administration, said Kline agreed
to the order to settle charges of
paying on false weights for
livestock purchased on a carcass
basis from farmers in Maryland
and Pennsylvania.
Kline was also charged with
making fraudulent deductions
from funds due to livestock sellers
by falsely claiming that some
carcass parts had been condemned
by federal inspectors.
Jones said $15,000 of the civil
penalty was suspended, providing
Kline does not violate the cease
and desist order for five years.
In agreeing to the order, Kline
neither admitted nor denied the
charges in an administrative
complaint filed by USDA last June
in an administrative complaint
under authority of the Puckers and
Stockyards Act.
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567 South Reading Road
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PHONE: 717/733-7951