Indiana
Livestock Auction
Homer City, PA
Thursday, July 26
Report supplied by PDA
CATTLE: 190. Compared with
last Thursday’s market: SI. cows
weak to .50 lower. SI. steers: Good
58.00- Standard 49.00-56.00.
SI. heifers: Choice 60.00-62.75;
Good 56.00-59.00. SI. cows:
Breaking Utility & Commercial
42.00- Cutters 37.25-42.00;
Canner & L. Cutter 32.00-37.50. SI.
bulls; (few) Yield Grade No. 1,
1300-1650 lbs. 50.00-53.75.
CALVES: 175. (few) Choice
65.00- (few) Good 55.00-60.00;
90-120 lbs. 46.00-54.00 ; 60-85 lbs.
40.00-
FARM CALVES: Hoi. Bulls 90-
125 lbs. 62.00-88.00.
HOGS: 230. Barrows and gilts
1.50-2.00 lower. US No. 1-2 210-250
lbs. 53.00-54.00 No. 1-3 200-260 lbs.
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52.00- few No. 2-3 240-260 lbs,
51.50-52.00; US No. 1-3 300-550 lbs.
41.00- No. 2-3 300600 lbs.
38.0041.00.
Leesport Livestock
Leesport, Pa.
Wednesday, July 25,1984
Report Supplied by PDA
CATTLE: 291. Compared with
last Wednesday’s market,
slaughter steers sl-$2 higher.
Slaughter cows strong $2 higher.
Slaughter bulls Strong $1 higher.
Choice 1050-1300 lbs. 64.75-67.00 one
68.50, Good 59.25-66.25, Good &
Choice holsteins 1250-1400 lbs.
53.75- Standard 51-58.25, Few
Utility & Low Standard 44.5060.85.
Few Choice slaughter heifers 60.75-
62.25 one 68.25, Good Few 52.75-
58.00. Breaking Utility & Com
mercial slaughter cows 43-44.10,
Few 46.25. Cutter & Boning Utility
38-43.50, Canner & Low Cutter
33.75- Shells down to 29.50.
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Interest Waiver to March 1, 1985*
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Bullocks-Good 51.25-57.75 one 58.50,
Standard 46.7551.00. Yield Grade
No. 1 1250-1850 lbs. slaughter bulls,
49.50-57.50 mostly 51-56.00, Few
Yield Grade No. 2 900-1400 lbs. 44-
48.50.
FEEDER CATTLE: Steers Lot
Medium Frame §1 915 lbs. 50, Few
Large Frame §2 600-875 lbs. 46.50-
47.00. Heifers Lot Medium Frame
#2 545 lbs. 40.50. Bulls Few Large
Frame #1 800-835 lbs. 49-49.50, Few
Large Frame §2 550-635 lbs. 43-
46.50.
CALVES 195. Vealers Grading
Good & Choice $5-8 higher, Stan
dard & Good $l-2 lower. Choice
Vealers 65-79, Good 59-71, Standard
& Good 110-130 lbs. 55-64,90-110 lbs.
48-55, 70-85 lbs. 40-48, Utility 90-100
lbs. 42-47,60-85 lbs. 25-35.
25-35.
FARM CALVES: Holstein bulls
90-130 lbs. 53-91 mostly 73-87.00.
Few Beef Cross Bulls & Heifers 75-
100 lbs. 54-73.00.
More
To
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You
Lancaster Farming, Saturday, July 28 v 1984-AI7
Belknap Livestock
Dayton, Pa.
Wednesday, July 25,1984
Report Supplied by PDA
CATTLE 50. Compared with last
Wednesday’s market, slaughter
steers, one Good at 57.50, few
Utility 44.00-47.00. One Good
slaughter steer at 55.50, few
Standard 45.50-49.50, one Utility at
44.50. Breaking Utility slaughter
cow, one at 45.25, few Cutter &
Boning 37-42.75, Canner & Low
Cutter 31.25-36.75, Shells down to
26.75. One Utility slaughter bullock
atJ4.5O.
FEEDER CATTLE: Few
Medium Frame #l&2 555-715 lbs.
feeder heifers 34.00-40.25.
CALVES 61. One Choice vealer
at 68.00, Standard and Good 65-90
lbs. 40.00-51, few Utility 50-110 lbs.
at 30.00.
FARM CALVES: Holstein Bulls
90-130 lbs. 60.00-86, BMO lbs. 53.00-
60; few Holstein heifers 75-100 lbs.
49,00-68; few Beef cross bulls and
heifers 70-100 lbs. 55.00-61.00.
FEEDER PIGS 82. US No. 1-315-
25 lbs. feeder pigs 14.50-20 per
head, No. 1-3 lbs. 32.5045,
Utility 15 lbs. 12.50-14 per head.
SHEEP 0. NO SALES ON OF
FER.
GOATS 9.5.00-12.00 per head.
Futures
By Peter D. Forbes
GRAINS The major factors in
the grain market at present are the
physical condition of the crop and
the potential for strong exports in
the fall. Weather will affect the
crop and the strength of the dollar
will affect the exports.
The 30-day forecast for the
major grain growing areas in the
country is for above normal
precipitation and below normal
temperatures. Our forecast is for
average cornbelt temperatures to
range between 78 and 85 degrees
and for continued scattered rains
throughout the next month.
The prospects for strong export
business will hinge on Russian
weather prospects. In the last
month the major grain areas have
been hot and dry and this has
precipitated increased purchases
from the Russians. Russian ex
ports are projected at 45 million
metric tons. This is the maximum
amount of exports they can handle
given their port capacity and
compares to 30 to 35 million metric
tons of export business in each of
the last few years. If they attempt
to buy more than the 8 to 12 million
metric tons in their U.S. grain
agreement, the export situation
could be very strong.
Recently China reported a
record small grain crop and this
will put pressure on their ability to
take more than, if not the exact
amount, of the U.S. agreement.
In terms of the U.S. crop
situation, corn and soybeans look
excellent. In the past week far
mers have begun aggressive
hedging and cash forward con
tracting through their brokers and
local grain elevators. One must
assume that farmers are the best
judge of their crop condition and
feel comfortable in their yield
prospect. Any market watcher
should use prices to interpret the
news. Despite being in the most
critical time of crop development,
price continues to fall. One can
only conclude that the market feels
very comfortable with our current
crop progress.
The USDA is currently un
dertaking a re-survey of flooded
areas in the western combelt to
determine an accurate number for
planted acreage. Current
projections are for a 78.5 million
acres planted. With an average of
11% of the acres abandoned, one
could expect a 70 million acre
harvest. In the last three non
drought years we have averaged
110.5 bushels per acre which would
give us a 7.7 billion bushel crop.
The following chart is the
current projection for supply and
demand for this year’s crop:
Carry In 500 - 550
Crop 7.7
Total Supply 8.2
Useage 7.1
Carry Out 1.1
As you can see, next year’s carry
out will be approximately two
times that of 1983. Clearly the
market will feel much more
comfortable with over one billion
bushels buffer stocks. Some people
make parallel between this year
and 1982. In both cases the
government loan rate was 2.55 per
bushel.
In 1982 the average farm price
was 1.90 per bushel. Decmeber
futures were trading at 2.54 at this
time a year. What is different
between the two years is that our
carry in this year is much less
(projected carry out was 1.2 billion
(Turn to PagcA3B)