Look into Futures
By Peter D. Forbes
THOMSON MCKINNON SECURITIES INC.
(800) 336-0241
Hie recent^iHic. B action in the mi
grain markets simply shows us _ '
how much pressure the seasonal weather
trend can hkve on the market. It J”*®* 8 e *® ™f Jor graui
was only two weeks ago that we ®*P® n ® nc ®
were looking at contract highs in t ®Sfi’^f. h and ™ re
the November soybeans at 7.71 bu. two
and 8 month high in the December .
com at 3.17. How quickly a little bit ° f the cnUcal
of rain can send the nrices turn- P ollinatlon stage for com, which
of ram can send me prices mm year should around July
Currently we are looking at « ntU T 866
contract lows of 6.61 in November *““« tins
soybeans being broken with the Md
price settling on Thursday at 6.53 . u^ e ‘
%. Likewise, in the new crop com I Tf" t
the recent more favorable wither t ™ lB d “ e to th »
forecasts have dropped that a^ lde .™* ets / mn V tarme ™
contract’s mice to 2 94 and graui °P erators are generally
M»t of the in the ™L*™ e of
markets can te attributed to ETLhS'S- -
current weather and weather JJJS *®" dt ° f® a good “■
forecasts in the central com belt pressures in
and also to pressure from outside 0,6 market Recena y metals such
PUBLIC AUCTION
SATURDAY, JULY 21,1984
9:30 A.M
Located 1 mile West of Elliottsburg,
Perry Co., Pa. on rt. 74; .2 mile North of
the intersection of its. 274 & 74 (watch
for sale signs):
REAL ESTATE
To be offered at 12:00 Noon'
2-Story Frame Dwelling with oil-fired steam
heat and new water system; kitchen, dining
room, living room and parlor downstairs; 5
bedrooms and full bath upstairs, 3 individual
porches; 40x50 Frame barn and an old mill
constructed in 1826 (formerly known as the
Bernheisel Mill); all situated on 11.194 acres.
For inspection of property, call 717-582-2397.
Terms: 10% down; balance in 30days.
HOUSEHOLD GOODS,
FURNITURE & ANTIQUES
Caloric Gas Stove; Frigidaire Refrigerator;
Iron Skillets, Silverware, Antique Glassware of
all descriptions (some Roseville & Hull), Oak
Dining Room Table with 6 boards, Table
Lamps, Sofa, Chair, Oak Flower Stands, Wicker
Stand, Player Piano & Piano Rolls, Clocks,
Quilts, Bedspreads, Wicker Rocker, Lawn
Chairs, Comb Case; Electrolux Sweeper,
Crosscut Saw; Hand Tools; Wooden Barrels &
Bucket; Platform Scaled*, Horse Harness &
Line; Salt & Pepper Shakers; 2 American
Flour Bolts pat. 1876 by S. Bemheisel & J.
Young; Wood Box; Lancaster Coal Stove;
Toaster, Mixer, Dishes; D.E. McNicol Set of
Dishes; Sewing Baskets; Fancy Work;
Assortment of Chairs; Port. B&W T.V.; T.V.
Stand; Rocking Chair; Spool Stand; Bedroom
Suit; Braided Rugs; 12x16 & 9x12 Rugs & Pads;
2 Treadle Sewing Machines; Christmas
Decorations; Lanterns; Crocks, Scales;
Copper Wash Boiler; Kerosene Stove; Boss
Stove; Pots & Pans; Lawn Mower; Chicken
supplies; 2 Small Stone Burrs; Antique Rail
Cart; Old Wooden Wheel Wagon.
Many More Items Too Numerous to Mention!
Not Responsible For Accidents.
I.D. Required for Bidder’s No.
Lunch Stand.
MRS. ESTHER FREEMAN,
Owner
R.D. 1 Elliottsburg, Pa.
Wayne Freeman, Power of Attorney
Elliottsburg, Pa. 582-2397
Sale By: Kling's Auction Service
Landisburg, Pa.
Lie. #AU-000500-L
Gerald Morrison, Attorney
IINIIIIIIMMIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIItmiIIIIIIIIIIIIIIi
R. D.>l, landisburg, PA 17040
Tel. 717-789-3883
789-3616
as silver, gold and copper h**c
been making new contract lows,
indicating a very deflationary
trend to the commodity markets.
This ultimately must pressure the
inflation sensitive grain markets.
Bond prices are a direct
reflection of interest rates. As
current interest rates go up,
traders must discount the price of
their current bond holdings to
“mark them to the market”. As
interest rates increase, the cost of
holding physical commodities also
increases thereby creating selling
pressure on the physicals market,
i.e. grain.
Currency prices are a direct
reflection of the relative strength
of the U.S. dollar in the world
market. Recently the many major
international currencies such as
the Swiss frank, British pound,
Canadian dollar, German mark
and Japanese yen have all been
making new contract lows. What
this simply means is that foreign
buyers have less purchasing power
for American goods than at any
time in the last 18 months. Since
grain prices are very dependent on
large expert activity, the current
strength of the dollar is certainly
responsible for much of the
pressure on grain prices.
However, the bullish fun
damentals in the grains can not be
overlooked. We are entering this
crop year with one of the tightest
levels of carry over stocks in
history. Any threat to the current
crop will cause trading to be very
volatile. It seems that as it stands
right now, the majority of the U.S.
crop in corn and soybeans looks
very good. With moderating
weather and adequate subsoil
moisture levels, indications are for
a normal pollination period. Based
on what we have planted, and the
very favorable conditions that
seem to be developing, some
Sft PUBLIC
jßpk AUCTION
FARM MACHINERY, 4 TRACTORS, DAIRY
EQUIPMENT, 60 HOLSTEIN DAIRY CAT
TLE. Located on Farm 3 miles S. of Mon
tgomery, Pa., 1 mile N. of Dewart, 15 miles S.
of Williamsport, Just off Montgomery - Dewart
Rt. 405 Highway (Northumberland Co.)
FRIDAY EVE. JULY 13,1984
Starting 7:30 P.M. w/Machinery
FARM MACHINERY, 4 TRACTORS
J D 4020 D w/f/e Tractor, 3 Pth , 540 & 1000 rpm,
Dual Hyds , Diff Lock, 18 4-38" Rubber M H 444
Row Crop Tractor w/3 Pth , M H 44G Row Crop
Tractor, Case 530 G Industrial Utility Tractor
w/Case Industrial Frontend Loader, M F 6-16"
Semi-Mounted Plows, J D 14' Transport Disc,
Dunham-Lehr 14’ Transport Cultunulcher, Gehl
120 PTO Grinder-Mixer w/Metal Detector, Gehl 99
PTO Blower - Real Good, J D 494 A 4 Row Corn
Planter, N I 325 2 Row Pull Corn Picker w/no 327
12 Roll Husking Bed, J D 17-7 Sgl Disc Gram
Drill, N H 461 Haybine, J D 640 Roto-Bar Rake
w/Rubber Teeth, J D 24T PTO Baler, J D no 54
PTO Single Beater Manure Spreader. 2 McCurdy
225 Bu Gravity Bins - 1 w/Gehl 6 Ton Chassis,
Flotation Tires, Telescopic Tongue, NH 8 Ton
Gravity Bin Wagon, Grove 16' Self-Unloading PTO
Forage Box w/Roof, E-Z Trail 12 Ton Tandem
Chassis w/Flotation Tires, Telescopic Tongue,
Sauder Frontend Loader. DAIRY EQUIPMENT
INCLUDES: Esco 850 gal Bulk Tank with New 4
hp Compressor, App 130' Surge IVi" Glass
Pipeline tot 16 Stanchions w/Washer, 4 Surge
Milker Units,
60 HOLSTEIN DAIRY CATTLE 60
4 Registered 56 Hi-Grades
Dairy Herd consists of 38 Milking Age including 7
Ist Calf Heifers, 3 Fresh June, 3 Due July, 15 Due
Aug , Sept, Oct Balance various stages lactation
Majority of herd less than 5 yrs old 8 Bred Heifers
mostly Due Aug & Sept, 10 from Calfhood to
Breeding age, 4 Baby Calves This is basically a Fall
freshing herd with many young cows
30 Day Health Charts, Preg. Checked,
Dairy Sale Under Cover
Sale Order: No Small Items - Starting 7:30
P.M. with Farm Machinery, App. 8:30 Dairy
Equipment, followed by Dairy Herd.
TERMS; Cash or Good Check Evening of Sale.
OWNERS
GLENN E. & RUTH ANN BRUCKHART
(717) 538-5180
Conducted by Fraley Auction Co.
LICENSED & BONDED
Auct. Lie. No.. AU-001194-L
R.D. 1, Muncy, Pa. 17756
(717) 546-6907
Experience Doesn’t Cost You-It Pays!
LUNCH AVAILABLE
market analysts are calling for an
8 billion bushel corn crop and a 2
billion bushel soybean crop. This
will make the market feel very
comfortable.
Livestock
Many traders are comparing the
current hog market to that of 1982
with prospects for a very strong
summer rally. Currently the hog
market is under a great deal of
pressure for several reasons.
Packers are losing money on every
hog they slaughter and they are
showing great unwillingness to bid
up the prices for current market
hogs.
Adding to this pressure on the
park products market, is the heavy
inventory of frozen bellies in
storage. The latest USDA report
showed that as of May 31st there
were 128 million pounds in storage
compared to 65 million a year ago.
This is the second highest level
since 1962. Adding to this bearish
scenario is the heavy increases in
Milk security bill now
in Thornburgh’s hands
Senate amendments changed the
definition of “milk” to include only
“fluid milk sold tfa dealer from a
producer;” darifleff bond surely
provisions; added language
providing that the security fund
shall be a security trust for die
exclusive benefit of milk producers
who supply the dealers paying into
the fund; and prohibited those
applying for a new dealer’s
license, or a renewed or re-instated
license, from doing so if he or she
has been convicted of a felony
within five years or less of ap
plication.
According to Morris, “the milk
security law now in effect bill has
not provided adequate protection
up to this point as evidenced by a
series of severe defaults and
bankruptcies in the dairy industry.
This bill is intended to provide that
additional protection.”
Dairy goat field day set
HARRISBURG - A bill is now in
the hands of the Governor which
would establish a “Milk
Producers’ Security Act” in order
to better provide for prompt
payment by milk dealers to milk
producers.
The House this week concurred
in Senate amendments to House
Bill 1969, sponsored by state Rep.
Samuel Morris, D-Chester, thus
clearing the way for the Gover
nor’s signature. The bill had
originally passed the House
unanimously on May 15.
The bill would establish a
security fund, provide for
processing of claims by milk
producers and provide for alter
native methods through which
milk dealers may protect their
producers against default of
payment or bankruptcy.
MANHEIM A dairy goat field are invited to bring samples of
day is scheduled for next Saturday, good and poor hays, and weeds
July 14 from 1 p.m. to 4 p.m. at they suspect might be poisonous.
Jacob Fisher’s Windy Hill Goat Educational materials will be
Dairy, Manheim. Anyone in- displayed and distributed. People
terested in dairy goats is invited to are also invited to bring samples of
attend. dairy goat products and recipes. It
The afternoon program will should be an afternoon of good
include a tour of Windy Hill Goat fellowship and an opportunity to
Dairy. A variety of management learn more about dairy goats,
practices will be demonstrated. Fishers are located at Bucknoll
Milking, milk handling and and Holly Tree Roads, south of
mastitis will be discussed. People Manheim and east of Route 72.
GRAIN DRYING
BINS
Formerly Zartman’s Roller Mill
Roller Mill Items & Equipment from mill
over 200 years old.
3 miles North of Lititz just off Rt. 501, on
Zartman Mill Rd.,' Lane. Co., Pa.
THURSDAY. JULY 26
6:30 P.M.
Fairbanks-Morse (40,000 lbs. capacity scales)
42’ portable cardinal grain-8 inch auger, handy
portable belt type conveyor, wooden wench
w/rope & wood pullys, several augers, large
steel shaft & pullys, baggers, old glass storage
batteries, belts, (ogs, gears, augers, flour mill
equip., several brass bushings, steel, mill
rollers, motors, steel tanks, 6’xB’ utility type
shed, old 25 KVA, 120 i-volt generator, (3) - 30’
(diameter) x 14 carrugated grain drying bins
by Long (2) - 8’ diameter x 10’ galv. bins, (2)
carrugated feed bins good condition.
Old large safe, oil burner w/ducts, (2) good
Duo-therm space heaters (1 w/blower), G.E.
Clothesdrier steel drums, plenty of scrap iron &
numerous items not mentioned.
Sale by
DENNIS PIERCE
Aucts.
Carl & John Oilier
AU000226L
(717)464-2233
Lancaster Faming, Saturday, July 7,1984—A39
poultry production that has been
evident since the abatement of the
Avian Flu problem in the east. Also
lending weakness to the back
months in the livestock is the
current weakness in new crop
grains the logic being
weakening grain prices will mean
greater hog expansion and
marketing early next year.
However, the maricet analysts
who are most bullish on the pork
complex point to several factors
that could contribute to a summer
rally. They indicate that as
slaughter continues to decline in
hogs, supplies of pork products in
storage will be quickly cleaned up.
These people are calling for bellies
to rally up above 85.00 late this
summer and hogs to make at
tempts at contract highs „(i.e. 58.00
for October hogs). They also noted
that the strong up trend that has
developed in the cattle market will
lend underlying strength to the
pork complex.
100 YEAR OLD
FRAME BARN
AVAILABLE
Seeking capable party to
remove 40'x80' two
story barn located in
center of Boyertown
Built 1880’s as livery
stable of peg con
struction One half roof
of slate All materials
free in exchange for
immediate removal July
to mid August 1984
Contact Torn Brunner,
daytime (215) 369-7214
Nights and weekends,
(215)326-4692
«