AlB-Lanca«ter Farming, Saturday, June U, 1997 GRAIN, CATTLE AND HOG FUTURES MARKETS These Markets Published Courtesy Of Data Transmission Network (DTN) (Closing bids: Thursday, June 12, 1997) DTN GRAINS CORN JUL 97 4 11 18 25 MAR DTN FUTURES 14 06/12/97 PRICES ARE DECIMAL MOVING CONTRACT CLOSE 4-DAY 9-DAY HHEAT JUL 353.00 362.00 360.00 WHEAT SEP 362.75 371.75 368.36 KCNHT JOL 376.50 385.94 383.72 KCNHT SEP 379.50 388.56 385.92 MN NET JUL 401,50 406.25 397.50 CORN JUL 271.25 272.37 273.39 CORN SEP 258.25 259.38 259.67 CORN DEC 254.25 255.81 257.00 OATS JUL 167.75 169.12 169.31 BEANS JUL 841.50 824.00 836.94 BEANS AUG 784.50 776.81 790.33 BEANS SEP 711.25 709.50 716.69 MEAL JUL 276.70 270.57 275.06 OIL JOL 23.24 23.15 23.43 CATTLE JON 64.48 64.13 64.09 CATTLE AUG 63.73 63.57 63,81 FDR C AUG 77.23 76.83 76.92 HOGS JON 80.98 80.87 80.95 HOGS JOL 79.35 80.19 81.14 PKBLS JUL 78.90 81.82 85.23 CORN HIGH LON 2736 2706 2604 2572 2570 2534 2632 2602 2670 2642 2704 2676 2564 2564 2570 2550 2650 2650 SOYBEANS 8470 8294 8414*+110 7900 7784 7844* +24 7200 7104 7112* -4 6814 6690 6710* -20 6824 6710 6726* -20 6840 6750 6770* -14 6844 6780 6780* -34 6870 6790 6790* -34 6490 6480 6480* 0 6624 6624 6624* 0 LAST CHG 2712* -12 2582* -10 2542* -12 2604* -14 2646* -12 2684* -12 2564* -10 2552* -12 2650* -10 LIVE CATTLE HIGH LON LAST CH6 6465 6430 6447* -10 6395 6360 6372* -10 6737 6705 6720* -17 6987 6960 6967* -12 7070 7040 7042* -15 7250 7225 7230* -7 6930 6910 6910* *2 SHISS FRANC 6947 6918 6929* -34 7028 6995 7007* -34 7103 7080 7086* -34 JON SEP DEC 1 8 15 22 29 APR TECHNICAL AVERAGES 18-DAY 45-DAY 366.62 396.74 374.57 403.01 392.54 421.83 392.76 421.77 396.46 419.51 273.08 285.20 259.79 271.60 257.36 269.02 165.28 165.45 844.67 855.66 802.87 825.23 721.54 742.42 279.86 280.66 23.51 24.27 64.69 64.84 64.56 64.73 77,58 76.53 80.88 82.75 81.32 83.20 87.78 88.26 CHICAGO WHEAT HIGH LON 3644 3520 3726 3614 3854 3740 3874 3790 3706 3706 3670 3620 OATS 1710 1674 1676* -34 1624 1604 1604* -14 1630 1606 1612* -10 1674 1660 1660* +2 SOYBEAN NEAL 2775 2731 2767* +26 2574 2541 2552* +3 2395 2360 2369* +2 2280 2240 2247* -8 2195 2157 2161* -11 2155 2128 2130* -15 2120 2100 2105* -10 2090 2070 2071* -14 JLY SEP DEC NAR FEEDER CATTLE HIGH LON LAST CHG 7760 7695 7722* -5 7705 7650 7680* -5 7745 7692 7720* 0 7850 7810 7820* +5 7865 7850 7850* 0 7820 7820 7820* -2 7810 7810 7810* 0 7835 7835 7835* O’ MIDAH LIVE HOGS JUN JLY ADG 5775 5740 5670 5622 5540 5460 CONTRACT HIGH: 3.930 LON: 2,590 13 MAY POINTS RSI'S 9DAY 14DAY 32.9 34.-8 32.9 35.1 30.8 34.5 31.1 34.5 50.5 48.0 40.8 40.2 41.4 39.8 37.4 37.0 52.6 53.1 49.3 47.9 39.4 39.6 38.5 38.6 48.3 47.6 40.7 40.4 49.4 48.0 37.3 39.5 50.8 52.0 47.3 46,2 31.4 35.5 23.6 31.9 HIGH LOU LAST CHG JLY 3860 3754 3764M10 SEP 3880 3784 3794M04 DEC 3960 3874 3874M00 MAR- 3940 3854 3854* -94 MAY 3820 3820*3820* -50 9 LAST CHG 3530**114 3626**112 3746**110 3800* -90 3706* -82 3620* -70 4114 4004 4044 3930 4070 3950 4040 3970 4044 3970 SOYBEAN • "LEAN HOGS HIGH LON LAST CH6 8140 8080 8097* -62 8050 7900 7935*447 7840 7682 7732*437 7132 6970 7025*407 6720 6585 6625* -97 6515 6400 6457 V-70 6220 6110 6130* -90 6720 6640 6640* -90 PORK BELLIES 8200 7890 7890*400 8235 7917 7917*400 7470 7142 7142*400 5740* -30 5630*-110 5485**105 JLY AUG FEB 2.790 2.760 2.730 2.700 2.670 2.640 2.610 10 JUN SLOW STOCHASTIC 5 DAY 20 DAY lY n ID »K ID 3 43 61 20 15 1 53 71 24 16 5 43 61 18 14 7 46 65 19 15 8 66 76 54 35 4 43 48 39 40 0 35 52 37 34 4 22 40 28 30 8 36 42 79 82 0 55 32 22 19 5 41 26 15 14 7 24 20 12 18 7 59 32 19 15 4 28 22 16 18 3 83 55 24 11 6 55 36 15 8 4 74 48 25 22 9 54 45 28 26 5 21 20 18 27 6 5 8 4 16 K.C. HHBA' MINN WHEAT 4014* -82 3932* -96 3960*-110 3970*-110 3980*-110 OIL 2324* +7 2343* +7 2361* +7 2374* +4 2396* +7 2410* +9 2432* +l4 2440* +lO ITN LIVESTOCK 18 LEAN HOGS JUN 97 n 11 * 1 25 1 DTN LIVBSTOCI CATTLE, m 4 11 18 25 1 MAR DTN GRAINS 23 SOYBEANS JDL 97 CONTRACT 4 11 18 25 HAR 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, June 10, 1997) CSCE Interest Soars; Milk" Output Strong NEW YORK June 12 Open interest for the New York Coffee, Sugar, and Cocoa Ex change BFP milk futures appear poised to' break, the 1,000-lot mark in the next week. Milk pro duction remains high, which has weighed on futures prices, as school closings have resulted in excess supply. * * * US milk production continues to rise seasonally in the Pacific northwest and other still cool por tions of'the country. Moderate 8 15 22 29 6 LIVE JUN 97 CONTRACT H 15 22 29 6 I APR Ni 29 6 APR WEEK DAIRY CONTRACT.HIGH: 86.60 66.75 IIGB; 9 27 3 HAY temperatures in California have kept production at or near peak levels, while humid and stormy weather conditions in the south west have curbed recent produc tion there. Cheese production has been increasing along with seasonal excessive milk supply, mostly in Midwest plants. Cream demand is strong as ice cream sales have improved in reg ions of wanning temperatures. Ice cream production is moderate to heavy in the east and Midwest as a result of the weather. (Turn to Pag* A 3 8) LON 67.60 LOH; 10 JUN 10 JDN