r '»- v W V'M vitrei* rr.’irv* -s*ivf i' Al6-Lancaater Farming, Saturday, May 24, 1997 GRAIN, CATTLE AND HOG FUTURES MARKETS These Markets Published Courtesy Of Data Transmission Network (DTN) (Closing bids; Thursday, May 22, 1997) DTN GRAINS 18 CORN JDL 97 18 25 4 11 18 PBB HAR FUTURES 14 05/22/97 DTN PRICES ARB DECIMAL MOVING CONTRACT CLOSE 4-DAY 9-DAY WHEAT JUL 377.25 383.69 388.17 WHEAT SEP 384,50 390.94 395.11 KCHHT JUL 407.00 412.87 418.17 KCHHT SEP 403.50 410,44 417,06 HN WHT JUL 399.00 405.12 410.75 CORN JUL 273.25 277.69 280.89 CORN SEP 262.50 264.25 266.44 CORN DEC 260 75 262.12 264.42 OATS JUL 160.50 159.38 160.33 BEANS JUL 846,50 851.19 859.33 BEANS AUG 816.00 822,19 829,81 BEANS SEP 731.25 735.44 744,50 MEAL JUL 283.80 286,42 287.40 OIL JUL 23.63 23.52 23.81 CATTLE JUN 65,32 65.38 65,52 CATTLE AUG 65.45 65.34 65,52 FCTL HAY 76.28 76,43 76.46 HOGS JUN 81.38 81.36 82,34 HOGS JUL 82.05 82.36 83.31 PKBLS MAY 93.75 91.00 89.12 COTTON JUL 72.61 72.36 72.55 COTTON OCT 74.15 73.92 73.98 CORN HIGH LON LAST CHG 2792 2730 2732* -34 2656 2614 2624* -10 2636 2596 2606* -12 2690 2662 2664* -10 2714 2700 2704* -14 2750 2732 2744* -12 2634 2620 2626* 0 2730 2730 2730* 0 SOYBEANS 8590 8450 8300 8150 7400 7304 6954 6884 6990 6924 7044 6990 7050 6994 7080 7000 6620 6570 6750 6750 8464* -6 8160* -16 7312* -22 6890* -14 6924* -16 6990* -14 6994* -10 7004* -24 6590* -10 6750* +lO LIVE CATTLE HIGH LOW LAST CHG 6550 6505 6532* +lO 6570 6512 6545* +l5 6912 6867 6897* +l2 7137 7092 7127* +32 7142 7100 7115* +2O 7325 7285 7312* +32 7050 7032 7040* +2O SWISS FRANC 7150 7081 7099* -20 7210 7162 7176* -19 7285 7248 7255* -19 JON SEP DEC CONTRACT HIGH: 3.930 LON: 2.590 15 APR TECHNICAL POINTS AVERAGES 18-DAY 45-DAY 401.79 404.21 408.03 408.77 427.62 423.02 427.69 422.93 421.54 421.40 285.35 295,41 270.71 282.52 268.47 280.01 162.08 166.51 871.99 860.04 843.40 837.87 753.99 755.14 288.11 281.20 24.45 24.60 65.36 64.69 65.41 64.55 75.25 72.48 83.30 82.84 84.23 82.95 89.26 85.48 72,48 73.20 73.93 74.56 9DAY 14DAY 30DAY 30.3 36.4 45.4 30.4 37.0 46,1 34.2 40.4 48.4 30.1 37,8 47.4 29.8 36.9 46.4 25.0 30.4 39,7 26.2 30.0 38,5 26.8 29.7 38.3 45.9 44.9 46,5 36.0 42.5 50.7 32.4 39.0 48.4 26.3 33.9 44.2 45.0 49.8 55.1 33.7 35.5 41.4 50.8 52.4 52.8 53.8 55.3 55.7 63.6 66.2 64.5 36.9 41.3 48.5 32.1 40.3 50.6 65.8 62.5 59.3 50.6 47.8 45,0 52.5 48.1 43,6 CHICAGO WHEAT HIGH LOW 3844 3764 3930 3840 4034 3960 4050 3980 3830 3830 3784 3754 OATS 1634 1600 1604* -12 1552 1540 1540* 0 1550 1534 1536* +2 1572 1572 1572* +4 SOYBEAN MEAL 2888 2830 2838* -10 2730 2680 2686* -14 2540 2490 2490* -24 2360 2330 2330* -13 2270 2230 2239* -10 2225 2200 2200* -25 2190 2163 2163* -2 2160 2135 2135* -10 LAST CHG 3772* -50 3844* -50 3970* -44 3986* -42 3830* -20 3760* -4 JLY SEP DEC m FEEDER CATTLE HIGH LON LAST CHG 7850 7750 7842* +77 7810 7735 7805* +5O 7812 7740 7810* +45 7945 7867 7945* +65 7990 7940 7985* +3O 7900 7887 7890* +lO 7910 7897 7910* +lO HOGS 5775* -20 5830* -40 5665* -25 HIDAH LIVE 5810 5775 5895 5825 5710 5660 JDN JLY AUG 22 29 6 13 HAY SLOW STOCHASTIC 5 DAY 20 DAY IK ID tl VD 8 21 5 6 7 20 5 5 13 21 7 7 9 15 5 6 13 21 6 6 7 25 9 12 12 25 8 9 18 25 9 10 48 33 19 13 18 25 27 39 12 23 17 27 7 11 8 19 21 38 64 69 25 20 11 9 37 37 63 67 46 34 54 59 16 22 78 87 26 18 11 12 16 13 8 14 93 76 50 37 20 25 55 59 21 26 53 54 RSI'S K.C. WHEAT HIGH LOW LAST CHG 4156 4054 4070* -66 4134 4030 4034* -74 4200 4104 4120* -60 4150 4060 4060* -70 4020 4020 4020* 0 MINN WHEAT 4074 3980 3990* -52 4070 3980 3984* -44 4104 4034 4046* -22 4080 4070 4072* -12 4060 4060 4060* 0 SOYBEAN 2373 2352 2394 2372 2405 2387 2405 2392 2426 2408 2440 2425 2460 2460 2480 2480 LEAN HOGS HIGH LOW LAST CHG 8212 8125 8137* -37 8285 8190 8205* -52 8052 7962 7977* -45 7330 7240 7247* -65 7110 7020 7040* -25 7005 6955 6967* -7 6665 6650 6657* -2 7075 7060 7060* -5 PORK BELLIES 9385 9200 9375*+132 9475 9255 9415* +BO 9385 9175 9315* +75 MAY JLY ADG ITU LIVESTOCK 18 LEAN HOGS JON 97 CONTRACT Hl' 11 18 25 4 DTN LIVESTOCK 19 CAT' 2.732 2.702 2,672 2.642 2.612 11 18 25 4 11 18 25 1 FEB MAR ITN GRAINS 1 18 25 4 11 OIL 2363* +lB 2382* +lB 2399* +2O 2401* +lB 2420* +2O 2436* +2O 2460* +2O 2480* +2O NEW YORK The number of new futures and cash traded dairy contracts continues to grow, along with trading interest, but traders are confused as to whether the contracts reflect the industry’s needs. Jun BFP prices arc expected to fall due to heavy cheese stocks, and low cheese prices, despite producers hope for a pop-up in summer prices as happened last year. The Coffee, Sugar and Cocoa Exchange’s basic formula milk price (BFP) futures contract continues to be one 23 SOYBEANS JUL 97 r 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 13, 1997) NEW CONTRACTS CONFUSE INDUSTRY; MILK PRICES SLUMP USA WHEELER Bridge News 25 1 8 15 22 29 6 iIVE JDN 97 CONTRACT HIGH: 66.75 LI 8 15 22 29 6 APR CONTRACT HIGH 18 25 1 8 15 22 29 of the strongest trading dairy futures con tracts in the U.S. Total open interest con tinues to grow, now just over 600 lots in less than 2 months of trading. “There are still some who are taking the wait and see attitude, but enough are trad ing the BFP that it’s growing steadily. Not by leaps and bounds, but steadily,” one broker said. One trader estimated that with current steady growth, the CSCE’s BFP open interest would be near 3,000 lots, citing strong interest from dairy producers and commetcials/processors. The Chicago Mercantile Exchange has 86.6*0 67.60 LOW 61.00 9.020 6.110
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