National
Grain Market
St. Joseph, Mo.
Wednesday, May 18, 1994
DAILY NATIONAL GRAIN
SUMMARY DRY WEATHER CON
CERNS SEEM TO BE THE MAJOR
FACTOR SUPPORTING GRAIN AND
SOY- BEAN PRICES. WHEAT PRICES
RECEIVED SOME PRESSURE, HOW
EVER. FROM GOOD WINTER WHEAT
CONDITIONS AND SLOW EXPORT
demand, wheat mixed. CORN I
TO 2 CENTS HIGHER. SORGHUM 4 TO
6 CENTS HIGHER. SOYBEANS 19 TO
21 CENTS HIGHER. WHEAT CROPS
ARE REPORTED IN GOOD CONDI
TION IN MIDWEST AND SOUTHERN
PLAINS STATES AND SPRING
WHEAT SEEDING IS ABOUT 78 PER
CENT COMPLETE. HARVEST PRES
SURE LIMITED WHEAT PRICE
ADVANCES. COMBINES READY TO
MOVE INTO OKLAHOMA IN THE
HARD RED WINTER WHEAT COUN
TRY. THE MAIN SUPPORT TO
WHEAT PRICES CAME FROM SPIL
LOVER STRENGTH IN CORN AND
BEAN PITS AND FUND BUYING.
GOOD DEMAND FOR MILLING
QUALITY WHEAT PUSHED MINNEA
POLIS PRICES HIGHER. CORN
PLANTING IS WELL ABOVE NOR
MAL IN MOST AREAS AND AROUND
80 PERCENT COMPLETE OVERALL.
WON’T TAKE LONG TO FINISH THE
SOYBEANS NOW. lOWA LEADING
THE NATION WITH 60 PERCENT OF
THEIR BEANS IN THE GROUND.
MOISTURE IS VERY IMPORTANT TO
ALREADY PLANTED CROPS BUT
FARMERS WANT TO FINISH SEED
ING AHEAD OF SCATTERED RAINS.
HOWEVER, A DRY CROP OUTLOOK
IS FORECAST THIS YEAR (WHICH IS
NORMAL FOR THIS TIME OF YEAR)
AND TRADERS CONCERNS
SPURRED AGRESSIVE FUND
BUYING.
EXPORT NEWS: JAPAN BOUGHT
57,141 TONNES DARK NORTHERN
SPRING WHEAT AND 19,047 TONNES
HARD RED WINTER WHEAT FOR
JULY SHIPMENT. MEXICO BOUGHT
500 TONNES COTTONSEED OIL
UNDER COAP FOR JUNE/JULY
SHIPMENT.
DATE CHANGE YEAR AGO TRUCK
BIDS: 05/18/94 05/17/94 05/19/93
WHEAT: KANSAS CITY 3.42-3.43 DN 2
3.46-3.48 MINNEAPOLIS 4.83 3/4 UP
1/2 3.76 3/4 PORTLAND 3.80-3.82 UP 2
3.57-3.60 ST. LOUIS NOT AVAILABLE
2.96-2.99.
CORN. U.S. NO. 2 YELLOW: KAN
SAS CITY 2.81-2.84 UP 2 2.23-2.25 MIN
NEAPOLIS 2.63 1/4 UP 1/4 2.19 1/4 SO.
lOWA 2.67-2.70 NC-UP 1 2.24-2.27
OMAHA 2.66-2.68 UP 1 2.12-2.15.
SOYBEANS. NO. 1 YELLOW: KAN
SAS CITY 7.15-7.19 UP 21 5.93-5.95
MINNEAPOLIS 6.94 UP 19 1/2 5.86 1/4
SO. lOWA 7.04-7.09 UP 20 5.94-6.00 C.
ILL. PROCESSORS 7.08-7.15 UP 19 1/2
6.00 1/2-6.10 1/2.
•TRUCK BIDS FOR KANSAS CITY,
US NO. 1 HARD RED WINTER
WHEAT, ORDINARY PROTEIN. MIN
NEAPOLIS. US NO. 1 DARK NORTH
ERN SPRING WHEAT. 14% PROTEIN.
PORTLAND. NO. 1 SOFT WHITE
WHEAT, ST. LOUIS, NO. 2 SOFT RED
WINTER WHEAT.
FUTURES CLOSE: KANSAS CITY
(JULY) WHEAT 3.27 1/4 DN 1 1/2 2.97
1/2 MINNEAPOLIS (JULY) WHEAT
3.48 3/4 UP 1/2 3.06 3/4 CHICAGO
(JULY) WHEAT 3.24 DN 2 2.97 (JULY)
CORN 2.69 1/4 UP 2 1/4 126 1/4 (JULY)
SOYBEANS 7.02 UP 21 1/2 6.00 1/2.
EXPORT; BARGE OR RAIL, PORT
OF NEW ORLEANS OR NORTH TEX
AS GULF. NO. 1 HARD RED WINTER
WHEAT ORDINARY PROTEIN 3.79 1/4
UP 2 1/2 3.82 1/2 NO. 2 SOFT RED
WINTER WHEAT 3.38-3.42 DN 2-NC
3.81-3.97 NO. 2 YELLOW CORN
2.84-2.85 UP 1-1 1/2 2.47-2.48 1/4 NO. 2
YELLOW SORGHUM RAIL 5.02 UP 4
BARGE 5.00 UP 5 4.18-4.24 NO. 2 YEL
LOW SOYBEANS 7.27-7.29 UP 20
1/2-21 1/2 6.23-6.24 1/2 BfRD.
THIS REPORT A SERVICE OF U.S.
DEPARTMENT OF AGRICULTURE.
LIVESTOCK AND GRAIN MARKET
NEWS, ST. JOSEPH, MISSOURI.
North Jersey
Market
Hackettstown, NJ.
Report Supplied by Auction
Tuesday, May 17, 1994
Hay—Straw &
Grain Report
ALFALFA HAY: 2 LOTS. 3.20 AND
3.60 BALE.
MIXED HAY: 10 LOTS, 3.00-4.10
BALE.
GRASS HAY: 3 LOTS. 2.50-3.20
BALE.
TIMOTHY HAY: 3 LOTS AT 3.50
BALE.
WHEAT STRAW: I LOT AT 3.40
BALE.
OAT STRAW: 1 LOT AT 1.80 BALE.
OATS: 2 LOTS AT 6.00 AND 7.75
BAG.
SHELLED CORN: 6.00 BAG.
CORN STALKS: 1 LOT AT .70 BALE.
TREE SEEDLINGS: 1 LOT AT 5.00
AND 11.00 BUNDLE.
CEDAR POSTS: 1 LOT AT 1.30
EACH.
TOTAL: 26 LOTS.
Leesport
Livestock Auction
Leesport, Pa.
Wednesday, May 18, 1994
Report Supplied by PDA
CATTLE 302.. PDA .. Supply included
96 il. steers & heifers, 78 feeder cattle. si.
steen mostly 1.00 to 1.50 lower, si. cows
1.50 to2.sohigher. STEERS; Low to aver
age Choice 1000/1300 lbs. 64.50-69.25,
few Yield Grade 4-5, 1500/1700 lbs.
53.00- Select 58.00-66.00. HOLS
TEINS: Choice 60.00-62.75. Select
56.50-58.75, few 58.00, few Standard
51.00- HEIFERS: few Choice
62.00- few Select 55.50-62.00, few
Select Holstein 52.00-57.00. COWS:
Breaking Utility and Commercial
47.75-51.75, couple 55.25, Cutter and Bon.
Utility 47.5052.00. few 52.75, Calmer and
Low Cutler 43.0047.25. Shells down to
37.00. BULLOCKS: few Select and
Choice 57.0064.50. BULLS: Yield Grade
No. 1 1050/1550 lbs. 55.50-64.00. FEED
ER CATTLE: Steen: Large Frame No. 2
600/900 lbs. 55.5066.00, few Medium
Frame No. 1 400/850 lbs. 67.0080.00;
Heifen: Medium Frame No. i 375/825 lbs.
56.5077.50.
CALVES 125..VEALERS; one Choice
105.00, few Standard and Good 70/100 lbs.
70.00- Utility 60/80 lbs.
45.00- RETURNED TO FARM:
No. 1 Holstein bulls 90/135 lbs.
135.00- No. 2 80/125 lbs.
85.00- No. I Holstein heifers
85/125 lbs. 140.00-180.00. Few Beef cross
hulls and heifers 70/100 lbs. 70.00-115.00.
HOGS 200.. Barrows and gilts .25 to
1.00 lower. BARROWS AND GILTS: US
WHAT’S AHEAD FOR
CORN & SOYBEAN
• We Deal In Futures And Options
• Our Only Business Is Commodity Futures
And Options
• Same Location And Principals For Over
20 Years
• When Buying options, your risk is limited
to the loss of the premium paid plus all
transaction cost. Buying futures and options
have inherent risk and should be done
only with risk capital.
FOR INFORMARON...UTERATURE...
CHARTS... PLEASE CALL
215-821-8111 800-543-8939
LEHIGH VALLBT FUTURES INC.
Suite LL6, 2200 Hamilton St., Allentown, PA 18104
Tho risk of lot* In trading tutur« and options on futures can bo
substantial. Futures and options trading may not be suitable lor
everyone. Vou should carefully consider the risks In light of your
financial condition In deciding whether to trade.
Lancaster mining, Saturday, May 21, 1994-A7
1-2 225/260 Ibi. 42.10-43.75, US 1-3
225/260 lbs. 40.85- 43.00, US 2-3 270/280
Ibf. 37.85-40.10. SOWS; US 1-3 325/480
Ibt. 30.50-37.00. BOARS; few
27.00-30.50.
FEEDER PIGS 86... Few IoU US 1-3
21/23 lb(. 190.00-200.00. - per cwt. US
1-3 35/60 Ibi. 84.00-96.00, one lot 18 lb(.
35.00. - per bead.
SHEEP 30.. Spring tl. lambs; Choice
40/120 lbs. 75.00-95.00. Slaughter sheep:
few yearlings 45.00-46.00.
GOATS 15... Few Urge 47.50-57.50,
M edium 27.50-42.50.-- per head.
North Jersey
Livestock
Hackettstown, NJ
Report Supplied by Auction
Tuesday, May 17, 1994
Report supplied by suction
CALVES .37-2.00.
COWS .20-53V1.
EASY COWS .05-.43'/,.
HEIFERS .3S-.68.
BULLS .52-.68.
STEERS .40-.70.
HOGS .26 .43.
SOWS .18-.29 1 /,.
ROASTING PIGS EACH 38.00-43.00.
BOARS .22-.45.
SHEEP .12-.77.
LAMBS EACH 4.00-84.00.
LAMBS PER LB. .40-1.08.
GOATS EACH 31.00-190.00.
KIDS EACH 2.00-125.00.
TOTAL 1424.
WE PAY CASH
for seller financed
Real Estate Notes and Mortgages
Are you receiving payments?
Would you like cash now? Why wait?
Explore your options with
Robert Tobey
Ca|h
Funding
Moriah Farm, Klemfeltersville, PA 17039-0198
1-800-670-2274