*l6-Lancatte} Farming, Saturday, May 10, 1997 GRAIN, CATTLE AND HOG FUTURES MARKETS These Markets Published Courtesy Of Data Transmission Network (DTN) (Oodng bide Thursday, May 8, 1997) 18 CORN MAY 97 DTN GRAINS 28 JAN DTN FDTDRBS 14 05/08/97 PRICES ARE DECIMAL MOVING CONTRACT CLOSE 4-DAY 9-DAY WHEAT HAY 400.00 398.56 406.72 WHEAT JUL 409.00 406.75 416.25 KCWHT NAY 454.00 446.00 450.42 KCWHT JDL 434.00 428.13 437.81 MNWHT MAY 430.00 426.00 432.25 CORN MAY 288.00 289.37 292.00 CORN JDL 284.50 286.62 290.08 CORN SEP 269.75 271.00 275.53 OATS MAY 172.75 171.06 170.64 BEANS MAY 887.50 892.62 884.83 BEANS JUL 884.00 889.37 882.03 BEANS AUG 854.75 859.38 854.92 HEAL MAY 301.30 299.97 293.58 OIL MAY 24.46 24.70 24.82 CATTLE JUN 64.82 65.16 64.94 CATTLE AUG 65.30 65.37 65.05 PCTL MAY 73.95 74.27 73.81 HOGS JUN 84.85 84.31 84.15 HOGS JUL 86.13 85.24 85.00 PKBLS NAY 90.38 88.63 89.60 COTTON JDL 72.12 71.99 72.59 CORN HIGH LON 2884 2860 2852 2824 2700 2680 2692 2666 2744 2722 2780 2766 2820 2800 2690 2660 SOYBEANS 8904 8830 8880 8780 8620 8510 7654 7594 7110 7030 7150 7090 7210 7150 7184 7184 7230 7190 6694 6650 LIVE CATTLE HIGH LON LAST CH6 6530 6475 6482* -40 6575 6515 6530* -22 6907 6857 6870* -27 7090 7042 7047* -32 7125 7080 7082* -37 7297 7265 7267* -42 SWISS FRANC 6973 6922 6941* +63 7041 6994 7011* +64 7105 7072 7085* +65 JUN SEP DEC 4 11 18 25 MAR TECHNICAL POINTS AVERAGES 18-DAY 45-DAY 416.87 399.32 424.83 399.82 465.76 437.67 449.43 413.82 441.57 426.67 295.12 299.94 294.44 299.97 280.94 287.86 171.94 172,32 863.83 853.06 863.69 854,77 841.18 837.01 284.04 280.11 24.67 24.62 64.69 64.51 64.61 64.07 72.78 70,76 84.42 81,52 84.84 81.12 89.54 82.49 72.72 74.20 CHICAGO NHEAT LAST CHG 2880* 0 2844* -6 2696* -4 2686* -2 2736* -4 2774* -14 2820* -4 HIGH LON LAST 4020 3934 4000* 4120 4014 4090* 4180 4080 4142* 4290 4184 4256* 4284 4200 4284* 4060 4060 OATS 1736 1720 1726* +6 1640 1620 1630* +2 1606 1590 1600* 0 1602 1590 1600* -2 SOYBEAN HEAL 3017 2981 3013* -6 2933 2889 2919* -19 2785 2760 2779* -18 2590 2570 2590* 0 2355 2330 2352* +9 2260 2230 2252* +9 2235 2210 2225* +l4 2210 2170 2191* +2l NAY JLY SEP DEC 2686* +l6 8874* -84 8840* -80 8546* -72 7626* -24 7084* +lO 7146* +l6 7184* +2 7184* +4 7200* +lO 6692* 0 FEEDER CATTLE HIGH LON LAST CH6 7430 7390 7395* -37 7682 7635 7642* 50 7660 7615 7625* -40 7680 7625 7637* -60 7835 7805 7815* -15 7900 7880 7892* -17 7860 7840 7840* -20 7850 7830 7830* -20 HIDAH LIVE HOGS JUN JLY AUG 6020 5970 6020* +3O 6120 6065 6120* +55 5955 5950 5955* +25 CONTRACT HIGH: 3,940 1 8 15 22 29 6 APR NAY RSI'S 9DAY 14DAY 30DAY 42.2 46.5 51.2 43.9 48.6 53.9 49.9 52.1 55.5 47.7 51.3 55.5 46.0 48.8 52.6 34.6 39.4 46.4 29.6 35.8 44.5 25.1 31.2 41,2 54.3 52.6 52.4 63.2 62.1 60.9 61.4 60.7 60.2 57.9 58.0 58.5 76.2 70.2 65.4 41.0 46.3 49.1 50.5 51.6 51.6 63.2 61.6 57.8 66.1 65.8 61.7 59.2 59.5 58.8 68.8 67.4 64.6 57.9 58.8 57.9 39.5 40,0 41.8 4060* HIGH LOU LAST CHS JUN 8502 8400 8485* +47 JLY 8650 8500 8612* +72 ADG 6397 8295 8380* +32 OCT 7615 7500 7600* +52 DEC 7310 7235 7295* -7 FEB 7150 7085 7125* +25 APR 6770 6710 6770* +37 JUN 7200 7175 7180* -22 PORK BELLIES MAY 9037 8900 9037* +52 JLY 9185 9037 9157* +52 ADG 9120 8960 9027* +7 2.580 2,770 2.742 2.714 2.686 2.660 SLOW STOCHASTIC 5 DAY 20 DAY IK ID IK ID 9 5 25 42 11 6 30 48 41 27 28 39 19 13 35 48 30 24 23 38 6 13 10 17 6 8 6 11 78 4 7 52 46 38 44 56 66 88 86 53 65 85 82 46 58 83 79 91 93 96 89 20 27 67 77 44 67 82 79 67 76 90 89 74 83 93 95 71 58 57 58 78 64 77 75 59 36 57 63 44 34 25 26 WHEAT HIGH LOW LAST CHG 4550 4420 4540* +9O 4360 4220 4340* +9O 4374 4240 4350* +9O 4444 4310 4420*+100 4390 4290 4360* +7O HINN WHEAT 4330 4194 4300* +4O 4314 4210 4284* +56 4290 4162 4270* +62 4310 4200 4274* +52 4320 4320 4320* +7O SOYBEAN OIL 2455 2420 2446* -6 2487 2453 2474* -10 2499 2473 2490* -5 2510 2490 2502* -3 2512 2495 2507* +2 2538 2513 2532* +4 2545 2535 2545* +8 2565 2565 2565* +l2 LEAN HOGS DTN LIVESTOCK 18 LEAN HOGS JUN 97 11 18 25 ISTOCK 19 CATTLE, DTN LIVI 28 JAN 4 11 18 25 4 11 FEB NAR DTN GRAINS 24 SOYBEANS NOV 97 28 JAN DAIRY WEEK DAIRY MARKET PRICE COMMENTARY Published Courtesy Bridge News Service Phone: (212) 269-1110 or E-mail: lwheeler@news.brldge.com (Reported from market conditions. Tuesday, May 6, 1997) New Dairy Contracts Attract Volume, Open Interest NEW YORK Recently added dairy contracts have proved successful to those in the dairy in dustry through strong open inter est, consistent volume, and inter ested marketplayers, traders said. As open interest climbs, traders believe the market remains fo cused on the current spring flush and currently flowing milk sup plies. In the second cash cheese trad ing session, the Chicago Mercan tile Exchange’s contracts closed steady to higher in rising volume. CONTRACT HIGH; 86.60 CONTRACT HIGH: 66.75 LIVE J 25 1 CONTRACT 25 1 8 11 HAR Barrels opened and closed un changed at $1.15 per pound on 9 lots of volume, while 40-pound blocks closed at $1.1525, up from the opening price of $1.15, on 6 lots of volume. Some traders are content that the anonymity of buyers and sell ers at the CME have helped in crease volume. One broker, in par ticular, said he felt cooperatives and companies would be less hesi tant to trade the cash cheese con tract, using the floor trader as a mask, as compared with the pre- LON; 15 22 LON 15 22 29 APR UGH; 7.544 LON APR (Turn to Pag* A 23) 67.60 16 15 6 MAY 5.974 6 HAY
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