DAIRY WEEK
DAIRY MARKET PRICE COMMENTARY
(Continued from Peg* Ain
t . June settled at 104.50 c, while
According to the USDA’s Aug. remained at 108.20 c Cheese
National Agricultural Statistics futures were also unchanged with
Mprvicc, butter production was June at 116.00 c and Aug. at
pi7.o million pounds in April, 7% 129.50 c.
above April 1996 and 12% above On Wednesday. CSCE Cheddar
March 1997. American type cheese futures open interest was
cheese production totaled 280.9 steady at 36 lots, raw milk futures
million pounds, 1% above April volume was steady at 92 lots, non
-1996 but 1% below March 1997. fat dry milk Was steady at 94 lots
Total cheese output was 598.3 and butter futures were steady at
million pounds, 1% below April 196 lots.
1996 and 6% below March 1997. Open interest in the CSCE BFP
Nonfat dry milk production, for milk futures market was up an
human food, totaled 120.3 million other 4 lots Wednesday at a large
pounds, 3% above April 1996 and 946 lots. Traders said with mote
10% above March 1997. players, the market is increasing in
Milk production is often lower volatility,
in the southern regions where At the Chicago Mercantile Ex
temperatures are hot, but it is change. Grade AA cash butter de
creasing in the Northwest, creased on Friday l/4c to $1,1275.
Mountain States, Upper Midwest Grades A and B were both un
rd Northeast. changed at $1.0500,
FUTURES AND On Wednesday. CME BFP
CASH PRICES milk open interest was still at 1
The amount of milk in inven
tory following the peak of the
flush season has continued to
weigh on dairy futures prices of
raw milk and BFP. Cheese prices
are expected to be pressured as
surplus milk goes to cheese pro
duction in the Midwest, traders
said.
At the New York Coffee,
Sugar, and Cocoa Exchange, raw
milk futures were slightly lower
on the heels of increasing milk
production in the country. June
raw milk futures were down 17c at
$11.48, while Aug. also fell 17c to
$13.33,
BFP milk futures were mixed.
June rose 2c to $10.95, while July
fell Sc to $11.50.
CSCE’s nonfat diy milk futures
were unchanged on Wednesday.
Three strong, loyal workers seek full time employment, with overtime. No Job too hard. Sick time or days off not necessary.
Seasonal or year round positions desired; available immediately. All benefits are yours.
Modal* 85 *llO Spreaders
• Ideal for smaller or horse farms
• Heavy duty drive gear transfers power to
spreader mechanism smoothly & efficiently
• Superior 3 beater design for compacted manure
• Optional hydraulic end gate available
• 5 speed unloaders use T-Rod chain for twice
the wear & 3 times the fatigue life of other chains
•Available with steel wheels
• 110 & 85 bushel capacities
• 2 compact models available with 50 & 30 bushel capacities
Pequea Machine Manufactures A Complete Line of Farm Equipment & Trailers • Call For Our Brochure
nltr- SPEOUEAw M '■■f i *i>
i Deerfield Ag & Turf Hetricks Farm Equpment J. David Mullinix
• Watsontown, PA*7l7/528-3557 New Bethlehem, PA* 814/275-3507 Dayton, MD* 301/489-4363
Adamstown Equipment
Adamstown, PA* 717/484-4391
Chambersburg Farm Service
Chambersburg, PA *717/264-3533
Charlea S. Snyder Inc.
Tamaqua, PA *717/386-5945
C.H. Rlnehimer
Berwick, PA *717/752-7131
Clugston Farm Equipment Heflin Sales & Service ,cke * Farm Supply Marshall Machinery
Needmore, PA* 717/573-2215 Woodboro, MD • 301/898-3233 Osterburg, PA* 814/276-3422 Honesdale, PA* 717/729-7117
Deer Creek Equipment Henry Horning lvan Zook Meyers Implement, Inc.
Whiteford, MD*4lO/452-5252 Lititz,PA*7l7/626-5033 Belleville,PA*7l7/935-2948 Greencastle,PA*7l7/597-2176
lot, with virtually no trade activity
in that market. CME butter fu
tures, however, were up 5 lots of
open interest at 337 on 42 lots of
volume Wednesday.
CME Aug. BFP milk futures
woe settled at $12.32/cwt. Butter
futures were up sharply on Thurs
day. June was up I.Bc at 111 c,
while July rose 1.25 c to settle at
112 c .
FEED GRAINS
This morning’s USDA report
raised Kansas’ wheat production
estimate from 342.4 million
bushels to 363.8 million. Overall,
the report likely will combine with
other market factors, such as rain
and the Wheat Quality Council’s
recently completed soft red winter
wheat tour, to pus US cash prices
3-5 c lower for soybeans. l-5c
WANTED:
Dunkle & Greib Equpment
Center Hall, PA* 814/364-9109
Eckroth Bros. Farm Equipment
New Ringgold, PA* 717/943-2131
Elder Sales & Service
Stoneboro, PA *412/376-3390
Pequea Machine, Inc. • 3230 E. Gordon Rd. • Gordonville, PA 17529 • 717/768-3197 • 717/768-6380 fax
lower for wheat and l-2c lower for
com, merchants said.
Needed rain in portions of Ne
braska and western lowa is weigh
ing on cash prices.
The report also raised its
1996-97 soybean ending stocks
projection which caused the mar
ket to soar in early trading.
Forecasters said rain is likely
the next few days in the southwest
Midwest and Ohio River Valley,
Local Parts
RICHLAND (Lebanon Co.)
It’s official. Leon Stauffer, parts
manager for Lebanon Valley
Implement Company, was no fool
when he entered his name in the
AGCO parts division “Gearing Up
in 1996“ dealer incentive sweep
stakes program. It was lights, cam
era, and action recently as Leon
was surprised in his office by Andy
Wolfe, AGCO parts sales mana
ger, and the AGCO parts market
ing team, announcing that he was
this years’ grand prize winner of a
1997 Dodge RAM 1500 4x4 pick
up truck. Leon couldn’t help but
smile as his wife Dolores, who was
summoned by co-workers, stood
by his side as he accepted the prize.
The “Gearing Up in 1996”
sweepstakes program, sponsored
by AGCO parts division, which
supplies parts for Massey Fergu
son equipment, AGCO and White
tractors, and 11 other popular
brands of farm equipment sold by
AGCO Corporation, was designed
to increase consumer traffic and
parts sales in the local AGCO/
Massey Ferguson dealerships.
With each promotional order
placed, dealerships had an increas
ing opportunity to enter the sweep
stakes. After selling promotional
orders, Leon took the time to fill
out and enter what turned out to be
Hines Equpment
Cresson, PA *717/886-4183
CB Hoober & Son, Inc
McAtisterville, PA • 717/463-2191
Hutton Farm Equipment
Mahaffey, PA *717/277-6647
HARD WORK
Kermit Klstler
Lynport, PA* 610/298-2011
Knott & Geisbert, Inc.
Frederick, MD • 301/662-3800
Longeneckers, Inc.
Williamsburg, PA* 814/793-3731
where farmers already have fields
with water standing in them.
Mote rain probably will lead to
mote serious consideration of re
planting corn and soybeans,
especially in southern Indiana,
merchants said. But many think it
might be too late to replant corn in
some areas.
Manager Wins Pick-Up
the grand prize winning game
card.
In on the secret was Leon’s
employer, John Zimmerman. Leon
Leon Stauffer, parts manager, Lebanon Valley Implement
Company, center, won a Dodge RAM 1500 4x4 pick-up truck
in an AGCO dealer incentive sweepstakes. Making the pre
sentation are Andy Wolfe, AGCO parts sales manager, left,
and Jeff Pink, AGCO parts marketing manager.
Models 646,646 G &1046 Round Bale Transport
• Easily maneuvered in tight spots
bale arms
antennas
reck hitch
Models 51 OS, 515,520,525,
520 H, 525 H & 530 H Portable Bunk Feeders
Save time & money, feeding up to 52 head at a time
• Ideal for both round or square bales
or any mixture of grain & forage
• Optional insert sheet enables you
to feed silage or green chop
• Double trough design keeps feed moving to cows
• Efficient slant bar system reduces feed loss
• Optional end gates open fully for 3 pt. loading
• Head Locks available on 520 H, 525 H & 530 H
Morris International
Everett, PA *Bl4/652-6101
North East Distributors
West Clifford, PA* 717/222-9090
Pikeville Equipment
Oley, PA* 215/987-6277
Ralph Kyle
Mercer, PA *412/748-4300
R&W Equipment
Carlisle, PA *717/243-2686
Scheffel Equpment
Somerset, PA *Bl4/445-6500
Uncaatw. Farming. Saturday, J»ne. 44>. IWtAW
The Dairy Products Committee
met last week to discuss recent
changes made to the standard of
the butter futures contract at the
CME. The Committee decided to
rescind its changes, which had
already been approved by the
Commodity Futures Trading
Commission and were set to be
adopted June 23.
thanked his employer and fellow
employees for their support in
promoting the AGCO sweepstakes
program.
Stoltzfus Farm Service
Cochranville, PA* 215/593-240:
Thomas Equipment
Taneytown, MD • 410/756-2506
Triple H Equipment
Peach Bottom, PA* 717/548-377
Umbergers of Fontana
Lebanon, PA* 717/867-5161
Waltemyer's Sales & Svce, Inc.
Red Lion, PA* 717/244-4168
Zimmerman Farm Service
Bethel, PA* 717/933-4114