Al6-Lancaster Farming, Saturday, July 5, 1997
GRAIN. CATTLE AND HOG
FUTURES MARKETS
These Markets Published Courtesy Of Data Transmission Network (DTN)
(dating bide WcdncwUy, July 2, 1997)
DTN GRAINS 18 CORN JDL 97
n 1 —i —i —r
[H I
25 1 8 15 22 29 6 13 20 27 3 10 17 24 1
MAR APR MAY JDS JLY
DTN FUTURES 14 07/02/97 TECHNICAL POINTS
PRICES ARE DECIMAL MOVING AVERAGES
CONTRACT CLOSE 4-DAY 9-DAY 18-DAY 45-DAY
HBBAT JUL 324.00 324.00 328.64 340.03 367.69
HHBAT SEP 332.50 333.06 337.03 348.49 375.13
RCNHT JUL 332.25 333.31 338.25 355.82 389.61
KCNHT SEP 340.50 340.44 345.47 360.90 391.72
HN NHT JUL 361.75 369.50 373.14 384.24 399.09
CORN JUL 245.75 245,81 252.89 261.53 272,62
CORN SEP 234.75 235.50 240.31 247.78 258,58
CORN DEC 234.75 235,31 239.33 245.39 256.34
OATS JUL 161.75 160.25 161.44 162.86 163.29
BEANS JUL 711.00 750.25 790.14 812,43 843.49
BEANS AUG 670.25 702.25 734.33 756.10 800.08
BEANS SEP 607.50 634.37 662.11 683.85 718.46
MEAL JUL 237.10 250.37 261.31 267.55 278.50
OIL JUL 21.63 21.76 22.24 22.70 23.56
CATTLE AUG 63.85 64.34 63.97 63.98 64.68
CATTLE OCT 67.18 67.67 67.27 67.22 68.07
FDR C AUG 80.63 80,84 79.50 78.54 77.84
HOGS JUL 83.65 83.35 82.79 81.80 82,68
HOGS AUG 81.35 80.54 79.88 79.19 80.35
PKBLS JUL 83.05 83.80 82.35 81.62 86.45
CORN
HIGH LON LAST CHG
2464 2426 2456* +24
2364 2322 2346* +l6
2364 2316 2346* +2O
2442 2396 2424* +2O
2494 2452 2484* +24
2524 2486 2516* +2O
2480 2450 2460* +4
2524 2490 2504* +lO
2600 2600 2600* +4
SOYBEANS
7400 7034 7110*-210
6914 6630 6702M06
6200 6070 6074* -44
5970 5850 5854* -40
6004 5894 5896* -42
6060 5984 5984* -20
6120 6074 6076* -2
6190 6140 6150* +3O
6130 6070 6090* -20
6550 6550 6550* 0
LIVE CATTLE
HIGH LON LAST CHS
6445 6380 6385* -77
6777 6710 6717* -70
7070 7007 7017* -60
7182 7132 7147* -45
7375 7335 7342* -42
7005 6970 6970* -40
6970 6962 6962* -32
SNISS FRANC
6883 6842 6864* -21
6950 6920 6937* -22
7012 7012 7012* -22
SEP
DEC
MR
■Wt
CHICAGO WHEAT
HIGH LOW LAST CHG
3254 3214 3240* +l4
3344 3310 3324* +lO
3470 3440 3452* +l2
3550 3530 3540* +l4
3544 3520 3530* +24
3544 3500 3530* +3O
OATS
1596 1616* +26
1616
JLY
SEP
DEC
MAR
1464
1464
1510 1500 1500* +lO
SOYBEAN MEAL
2470 2350 2371* -71
2255 2155 2188* -33
2085 2035 2053* -7
1986 1945 1949* -26
1928 1870 1873* -40
1915 1867 1867* -21
1900 1850 1860* -25
1915 1870 1873* -7
FEEDER CATTLE
HIGH LON LAST CHG
8140 8055 8062* -82
8082 8000 8015* -77
8080 8010 8012* -77
8205 8135 8145* -67
8255 8180 8195* -67
8260 8180 8190* -65
8220 8150 'Blso* -70
8215 8152 8152* -67
NIDAM LIVE HOGS
5940 5920 5935* -25
5775 5720 5750* -30
5355 5320 5340* -10
JLY
AUG
OCT
CONTRACT HIGH; 3.930 LON: 2.400
[(■
f
RSI'S 5 DAY
9DAY 14DAY 30DAY VK ID
23.9 26.8 35.3 25 24
25.1 27.4 35.9 20 23
22.7 25.2 34.5 7 13
26.5 27.6 35,6 10 14
27.0 31.3 39.2 11 34
23.4 25,6 33.1 30 22
24.5 25.9 32.0 23 19
29.8 29.9 33.6 24 19
49.2 48.3 48.3 54 39
15.6 22.5 33.5 13 12
10.2 16.7 29.0 8 8
10.2 15.2 25,8 1 2
15.9 23.5 35.6 12 13
1444 1454*
1444 1450*
JLY 2175 2137
AUG 2192 2150
SEP 2210 2170
OCT 2215 2178
DEC 2235 2191
JAN 2240 2210
MAR 2260 2235
NAY 2265 2255
JLY
AOG
FEB
SLOW STOCHASTIC
20 DAY
n id
7 7
7 7
4 S
5 6
13 15
10 7
7 6
7 7
26 29
7 13
4 5
1 6
6 13
K.C. WHEAT
HIGH LOW LAST CHG
3340 3314 3322* +l2
3420 3392 3404* +l6
3544 3520 3534* +24
3610 3580 3600* +34
3560 3540 3550* +2O
NINN WHEAT
3680 3610
3564 3530
3640 3600
3706 3676
3604 3604
SOYBEAN
3616* -36
3560* +l6
3624* +4
3690* +lO
3604* 0
OIL
2163* +2l
2176* +lB
2193* +2O
2199* +2l
2205* +l4
2210* +7
2238* +lO
2260* +l5
LEAN HOGS
HIGH LOB LAST CHG
8350 8290 8325* -40
8125 8040 8100* -35
7370 7285 7345* -25
7025 6970 7012* -17
6855 6785 6835* -45
6450 6390 6415* -75
6885 6790 6815* -95
6635 6570 6610* -80
PORK BELLIES
8390 8170 8305*-162
8350 8180 8212*-267
7275 7050 7167M82
ITN LIVESTOCK 18 LEAS HI
1 8 15 22 29 6
LIVESTOCK 19 CATTLE, LIVE ADG
DTH
8 15 22 29 6
APR
25 1
MAR
23 SOYBEANS JUL 97
DTN GRAINS
25 1 8 15
MAR APR
DAIRY MARKET PRICE COMMENTARY
Published Courtesy Bridge News Service
Phone: (212) 269-1110 or E-mall: lwheeler@news.brldge.com
(Reported from market conditions. Tuesday, July 1, 1997)
Dairy Week: Hot temps
curb milk output, but
cheese stocks firm
By Lisa Wheeler
Bridge News, New York-Jly
2--Hot weather conditions in
sections of the US continue to
dram bumper milk inventories,
but some traders believe that the
heavy inventories of cheese
continue to keep pressure on milk
prices. However, in the "pre-dog
days of summer," prices are likely
to rebound slightly on seasonal
factors.
CONTRACT HIGH: 86.72 LON: 67.40
I6S JDI 9
20 27 3
CONTRACT HIGH: 66.75 LON:
13
NAY
CONTRACT HIGH:
13
HAY
DAIRY
WEEK
While grain prices remain
low, sources said the current
situation is still very negative for
milk prices and only a mild
rebound is seen in the market.
One broker said that cheese
manufacturers are not as anxious
to be as aggressive as they were
last fall in making cheese, since
their current inventories remain
heavy.
10 17 24
120 LON: (.110
3 10 17 24
JON
The broker said many
California processors have
switched from producing the usual
(Turn to P«B* A 3l )
1
62.00
1
JLY