(Continued from Pago A3)'
the front two options gaining
1-1/4 to 2-1/4 cents while the
deferreds dropped from 1-1/4 to 3
cents. Trading throughout the day
was choppy with pressure and
support linked to' conflicting
weather information. Highs came
on forecasts that the rain moving
into lowa would be 1e5.“!95
expected with selling late in the
session on the deferreds coming in
response to the latest 6 to 10 day
forecast calling for normal grow
ing conditions next week. Ideas
that the high pressure ridge would
redevelop kept sellers on the side
line. November settled 3-1/4 low
er today at $6.56-1/2 after trading
in a range from $6.55 to $6.66.
OUR REPS ARE'
SPECIALISTS IN YOUR FIELD.
Field work to a TELMARK® sales manager means just This program, provided exclusively by TELMARK, is
that. Our representatives conduct business where you dedicated to agriculture and agribusiness. It allows
conduct business. On the farms. In the fields. At the our reps to speak with confidence. Drawn from their
sites. They’re local people with ag backgrounds. Which own experience and over 20 years of agribusiness
means they understand your business and speak your experience from TELMARK. For complete details about
language. Most of all, they recognize how a lease our AGRI-LEASE program, contact your dealer, local
through our AGRI-LEASE® program can help your TELMARK representative, or call us at 315-449-7964.
business grow.
The Flexible Financing Alternative SM
Note Telmark leases are npw available throughout the Northeast, Ml, OH, VA, KY and WV Minimum lease 95,000
Ken Darlington Mike Fuliam Judy Ligo
717-243-0005 717-066-0202 814-786-7420
(Southeastern PA) (Central PA) (Northwestern PA)
Lisa Francisco
215-707-3477
(Eastern PA a
_ Northern NJ)
ACRES WHEAT UPDATE:
Wheat futures prices closed out
today’s session higher from 1-1/4
to 3-1/2 cents on buying tied to
announcements from the Oval
Office that a Grain Embargo .was
nearly out of the question. Further
support was tied to news that the
crop in Kansas was producing var
iable quality and confirmed
expectations for a reduced yield
due to the Secretary
Yeutter reiterated President
Bush’s announcement of further
economic sanctions against China
would not eliminate nor disrupt
current grain trade, with that coun
try. This sparked a small rally
which jumped the July option to a
high of $4.01-1/2. Today’s settle
ment at $3.99-1/4 was a gain of
3-1/2 cents from yesterday’s
close.
ACRES CATTLE UPDATE;
Live and feeder cattle futures con
tinued to weaken with closes
today from 20 to 60 lower on the
live cattle. Pressure today was
attributed to heavy cash selling
Doug Snee
412-627-8941
(Southwtt PA)
Charlotte Zebley
717-836-1366
(Northautarn PA)
linked to concerns over sluggish
boxed beef movement. Further
pressure was in response to expec
tations for lower cut-out values by
the end of the week. Underlying
support was provided by the
futures discount to cash and
reports of higher fed cattle prices,.
Feeders closed mosdy lower on
continued selling tied to profit
taking after recent sharp gains
coupled with the hesitance to
establish new long positions at
current levels.
CME FEEDER CATTLE SET
TLEMENT PRICE -
6/19/89-$80.35 up $ .34.
ACRES NEXT DAY OUT
LOOK: CASH - steady to higher
FUTURES - steady to lower.
ACRES HOG UPDATE: Hog
futures prices were mixed again
today with settlements ranging
from 17 higher to 12 lower. Early
gains evaporated on ideas of
increased marketings by the end
of the week. Further pressure was
in response to ideas that market
ings were almost complete now
TEIMARK INC. PO Box 4943. Synaitt. NY 13221
Lavan Dauberman
301-648-5905
(Southern NJ)
Dana Goff
301-834-8323
(Waatarn HD)
for the upcoming Independence
Day holiday. August gained 12
points on the unwinding of July/
August spreads which were put in
place early week. Bellies closed
60 to 98 lower on selling tied to a
break in fresh belly prices midday.
Further pressure was tied long liq
uidation’ in advance of Friday’s
USDA Cold Storage report which
is expected to show supplies in
excess of 145 million pounds.
New Holland
Dairy
New Holland Sales Stables
Wednesday, June 21, 1989
‘Report supplied by auction
REPORTED RECEIPTS OF 85 COWS,
37 HEIFERS, AND 9 BULLS. MARKET
STEADY.
PERRY CO. FRESH COWS.
900.00-
PA FRESH COWS. 840.00-1275.00.
PA FRESH COWS. 1000.00-1290.
HERD OF 41 HEAD. ALL STAGE
COWS. 690.00-1320.00..
LOCAL SPRINGING HEIFERS,
835.00-
SHORTBREDS, 675.00-875.00.
OPEN, 480.00-590.00.
Andrew McLean
301-643-8036
(Delaware and
Eaatarn Shore MD)
Lancaster Farming, Saturday, June 24,1989-Al5
BULLS, 540.00-960.00.
LOCAL COWS. 560.00-1060.00.
Friend’s Stockyard, Inc.
Accident, Md. 21520
June 19, 1989
STOCK BULLS & STEERS (200 TO
400 LBS.) 78.00-92.50.
STOCK HEIFERS; 62.00-83.00.
SLAUGHTER STEERS: GOOD TO
CHOICE 70.00-76.00; MEDIUM TO
GOOD 63.00-69.50.
HOLSTEIN STEERS: HEAVY
60.00- LIGHT 52.00-61.00.
SLAUGHTER HEIFERS: GOOD TO
CHOICE 66.00-71.50; MEDIUM TO
GOOD 60.00-65.50.
BULLS: HEAVY 55.00-65.25; LIGHT
52.00-
COWS: FEW HIGH DRESSING UP TO
55.00; UTILITY HOLSTEIN 45.00-53.00;
CANNERS 41.50-49.00; COMMERCIAL
TO GOOD 44.00-48.75; CULL COWS
40.00 AND DOWN.
VEALS: GOOD TO CHOICE
90.00- 17.00, MEDIUM TO GOOD
80.00- ,
808 CALVES: 65.00-84.00.
HOLSTEIN BULL CALVES:
RETURN TO FARM 100-120 LB.
120.00-
HOLSTEIN HEIFER CALVES:
RETURN TO FARM 100-120 LB.
85.00-
HOGS; TOP QUALITY 46.75-49.25;
HEAVY 45.50-47.00; LIGHT
38.00-
SOWS: 29.00-33.00.
MALE HOGS: 26.00-32.00.
LAMBS: 58.00-65.00; FEEDER
LAMBS: NONE AVAILABLE.
SHEEP: 18.00-26.00.
EGGS: (PER DOZEN) LARGE .70-.86;
MEDIUM .60; SMALL .51.
Muzzy'S MWKE<T
A new, year round, indoor food market is
opening in the Central Business District in
Silver Spring, MD ih June.
Located at 1010 Ripley Street, just off
Georgia Avenue, the market is a five minute
walk from the Metro with plenty of parking.
We will be open Thursday, Friday and Satur
day from 8 a.m. to 4 p.m.
There are 50 stalls 6’ wide and 714 ’ deep.
Water, drains and electricity are provided.
Leases run from one to three years. Season
al tenants accepted. Rents are $5/hr or $40.00
a day.
The market will be filled with tenants who
grow or provide their own offerings. If you
would like to be one of them, please write or
call Dick Ritzmann at
(301) 587-4334
1010 Ripley Street
Silver Spring. MD 20910
rt*/' i - :.:
e
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