Look into Futures
By Peter D. Forbes
THOMSON MCKINNON SECURITIES INC.
j 800) 336-0241
LIVESTOCK —ln the livestock, report. This barrishness was
all eyes were focused on the June contrary to the bullishness ex-
Hogs & Pigs Report. Floor traders pressed by farmers and public
were unwilling to buy into this traders.
Hogs & Pigs (6/1)
Kept For
Breeding
Kept For
Marketing
The market could be severely
pressured in the near term since
expectations were so bullish. As I
mentioned last week, with heavy
belly inventories, near term cash
prices could have the rug pulled
out from under them. Prices are
expected to go limit down for at
SS
WED. EVE. JULY 11,1984
7 PM
REAL ESTATE
Location: Rothsville Road from Route
272, Vt mile, turn right, Rettew Mill
Road, V* mile across covered bridge.
First house and barn on left at 983
Rettew Mill Road, Ephrata Twp., Lan
caster Co., PA.
REAL ESTATE
2.7 plus acres of ground; Vh story, 7 room
frame house with both oil burning/hot water
heating system. Full concrete basement with
outside entrance. Large bank barn with box
stalls for horses. 3 car garage, metal tool shed,
2 wells on property, septic system. Zoned
commercial.
Inspection: Friday, June 29 from 4-7 PM
Sale at 7 PM
Auctioneer,
Abe Diffenb
225-L
ABSOLUTE
AUCTION
FARM MACHINERY
FRIDAY, JULY 6,1984
at 10:30 A.M.
Location: One mile west of West
Chester on 322 at corner of Bypass and
322. Chester County, PA.
New Idea Fertilizer Spreader (10’); JD 4020
(D) Tractor; JD 3020 (G) Tractor; JD 2220 (G)
Tractor; NH “Wheel-a-Feed” Hopper Blower;
JD 4 Bottom 14”, 3 PM Hook-Up Plow; JD 3
Bottom 14” 3 Pin Hook-Up Plow; NH Manure
Spreader (Model 5871); Avco E-Z Flo Rake
(Model 126); NH 271 Baler; JD 1209 Haybine;
JD Model 47 Front-End Loader; NH Crop
Carrier #8 Forage Wagon; NH Model 15 Wagon
Running Gear; JD Models 953 & 1065 Hay
Wagons; United Farm 8T Hay Wagons; JD’
Disc; F6OO Farm Dump Truck; NH 30’
Elevator; Int. Model 35 Disc; Esco Milk Tank
(850 Gals); Two Surge Pipeline Milkers (75
Stalls) w/Electrobran Automatic Pipeline
Washer; Jamesway Stall Stanchions w/40
Waterbowls; Smoker Elevator (60’); Marietta
Silo (20’x60’); Jamesway Automatic Silage
Unloader; Smoker Corn Drag Elevator; JD #5
Mower; Int. Roto-Bar Rake; 8’ Pickup Com
peri Ford 3 pt. Hookup Mower; 3 Ton Chain
Hoist; Large Frame Bank Barn To Be
Removed.
TERMS: CASH or Approved Check.
INSPECTION; Day of Sale.
Auction Ordered By:
BILL WHITE, Owner
Auction Conducted By:
WHITFORD SALES COMPANY
Box 100, Uwchland, PA 19480
(215)458-5060
“Eastern Pennsylvania’s
Foremost Auction Company”
Expectation Actual Indication
88.7 91 . Negative
87.4
88.8
least one day.
However, some analysts believe
that futures will find support 1.00 to
2.00 below current levels. Chart
gaps made after March’s Hogs &
Pigs Report will certainly be a
target on the down side. Once
filled, these analysts believe hogs
Owners,
ELPEE LTD.
could stage a summer rally.
This barrish report will do little
to firm an already weak cattle
market. With beef products
moving slowly, packer margins in
the red, and cut out values down,
cattle is expected to continue its
sluggish activity. Near term prices
pressure in both hogs and cattle
will most likely result from heavy
marketings. Many farmers were
holding back livestock in an
ticipation of a bullish report. Now
that prices are expected to be
weaker, these animals will be
dumped on the market.
GRAINS New crop com and
soybeans have broken out from a
three month trading range and
have entered a full fledged
weather market. Despite farmer’s
and public speculator’s bullish
concensus, market analysts and
floor traders are bearish to the
grains.
Negative
Negative
After breaking through a down
trend line at 3.07, December com
has made an advance to 3.17.
Technical traders call for an ob
jective of 3.30 which is the contract
high made last September.
However, private traders note
that the great publicity in the news
about recent western com belt
flooding and the southeast heat
wave, has drawn considerable
public speculation. They note that
such speculation is wrong 90% of
the time. Nevertheless, people who
BUCK and DOE RUN VALLEY FARMS,
SATURDAY, JUNE 30,
SELLING FARM MACHINERY AND MISC. E
Location: Sale Site is Buck and Doe Run Valley Farms’ Cattle Pens and Shop Area. - 7
Miles South of Coatesville, Pa. on Rt. 82 - Look for Signs.
Station Wagons; 1976 Chevy 1/2T Pick-Up: MF-50 Diesel; Oliver 550-Gas; Bush Hog-20';
1977 Fox Chopper w/10’ Mower & 3 Narrow 30" Row Corn Head; 2 New Holland Forage
Blowers; 2 New Holland - 706 Corn Dryers (Oil Fired); New Holland Manure Spread w/Tan
dem Wheels; New Idea Tank Spreader 2100 Gal.; 3 Chain Harrows; 5' Manure Fork; 3 Hay
Wagons 2 w/Kicker sides; Snow Plow with Counter Weight & Chains; 2 Pioneer Chain Saws; 1-
2 Man Chain Saw; 2 Nursette Machines; New Holland Hay Baler; New Holland Hay Bine
Model 479; Hesston 30-A Stak Hand; 2-#9 John Deere 9’ Sickle Bar Mowers; Corn Elevators
& Drags; 24” Planer; Combination Circular Saw - Band Saw Planer; Originally Water
Powered; Assorted Truck Chains; Plus Many Items Too Numerous To Mention and Finding
more to sell everyday.
TERMS: Cash or Approved Pa. Checks w/I.D. and current Letter of Credit from your bank.
Auctioneer's Note: Sale will start promptly at 10:00 A.M., come early and get your Buyer's Number. Lunch will
be available. For more Sale Information Call Farm Office - 215-384-0106.
Sale Conducted for;
BUCK & DOE RUN VALLEY FARMS CO.
R.DJB, Box 428
Coatesville, Pa. 19320
Auctioneer’s Lie. #AU001432-L
te/XJsl
COATESVILLE, PA.
10:00 A.M.
ABSOLUTE AUCTION
“Everything Sells To The Highest Bidder”
' — __ • ESTATE UOUDATION
■9af , Ar l Xr| , 'ill • REAL ESTATE
IV- J czzy • FARMS & FARM EOUP
i&ii premises or ours
FREE PROFESSIONAL
*OH[ AUCTION PUNNING
LViMPa * *>“* •oc n »«" <&oc I —T*
www •MKMMnMnuw bus 264-1089
res. 264-0326
MMm NA Ifmrrm* Ciwmui N
Lancaster Farming, Saturday, Jane 23,1954—A39
missed last summer’s great bull
market, are fully willing to hop on
the buying wagon even before the
normal July and August draught
scares.
Agronomists are pointing to
adequate subsoil moisture in the
eastern com belt as a good sign for
grains. They say that recent dry
weather will make roots go deeper
which will make them resilient
during the dry summer months.
Also, western com belt floods are
being discounted since generally
wpt wpo*-v.£,r vipids hurt by flooding
Report
Soybeans
Com
Wheat
2136 million bu.
1390 million bu.
This report should primarily
affect old crop prices. New crop
prices will continue to trade
generally more than compensate
for by other areas that merely get
above average precipitation.
New crop soybeans are following
much the same pattern as corn.
November beans broke through
7.50 but failed to take out contract
highs at 7.72. Professional traders
have been aggressive sellers on
these rallies, feeling that prices
are too high based on current
fundamentals.
On Thursday, June 20, USDA
released its June Grain Stocks
Expectation
436 million bu.
Actual Indication
456.5 Negative,
minus 10' to
Neutral
Neutral
2137
1394
strictly according to expected
forecasted weather patterns.
GIGANTIC
SELECTION
IN
Lancaster
Farming's
CLASSIFIEDS
1984
UIPMENT.