Al6-Lancaster Farming, Saturday, July 12, 1997 GRAIN, CATTLE AND HOG FUTURES MARKETS OTiOT/ia/l ii ao: JAM-97 .6 aa jo ■c i» as f-96 Settlement Change Wheat Jul Sep Dec Mar May Corn Jul Sep Dec Mar May Oats Jul Sep Dec Mar Soybeans Jul Aug Sep Mar Soybean Meal Jul Aug Sep Oct 260 243 221 203 Soybean Oil Jul Aug Sep Oct 21.84 21.89 21.97 21.99 High Steer 65.10 68.47 70.97 73.00 74.85 71.05 71.00 Futures 63.52 67.50 70.07 72.00 73.95 70.25 70.00 Choice Aug Oct Dec Feb Apr Jun Aug Hog Futures 56.75 Dec The Chicago Mercantile Exchange composite weighted average for Feeder Steer prices for the seven days ending Wednesday, July 10, 1997 was $81.37 up 62. (Closing bids; Thursday, July 10, 1997) CBOT L 7 a« a 10 17 a« a; I MUI a? a ti 1/2 1/2 1/2 1/4 1/2 3/4 1/2 1/2 1/4 65 47 46 49 1/2 1/2 unch dn 1/2 dn 1/4 dn 1/2 3/4 79 46 45 08 dn 10 9 dn 2 8 dn3 dn 11 1/4 7 1/2 1/4 80 80 50 60 dn .90 296.00 unch 282.00 dn 2.20 261.80 dn 3.60 236.30 dn .22 29.00 dn .30 26.93 dn .34 28.45 dn .34 24.25 Low Sett Price Change Sales 64.97 68.42 70.85 72.77 74.70 70.67 70.27 Total Value 45 35 87 60 10 70 50 75 ,00 .00 .40 1997 ,i a» s la 19 as a 9 is aa ao 7 14 i 7 ii a APJ I 1 1 1-H i Contract High/Low High Low 1/4 3/4 1/2 1/2 3/4 3/4 3/4 1/4 23 85 83 63 9264 3729 1593 511 159 28 + 122 + 57 + 52 + 55 + 40 + 55 + 30 15290 1368 3608 1992 924 100 48 10 1 8060 Total ?/tuiaL 340 320 300 280 260 % 1 V 240 220 VOL » O Z ftDDDDD IDODDD 1/2 1/2 3 .14 3.23 3.37 3.45 3.48 1/2 1/2 2.40 2.27 2.27 2.36 2.41 1/2 1/2 1/2 3/4 1/2 1/2 3/4 1/2 1.48 1.44 1.43 1.48 6.33 6.63 5.93 204.00 215.50 201.50 194.50 21.37 21.50 21.70 21.78 Int 40388 27448 14975 7115 3454 2206 108 95694 4283 12952 9934 4644 1891 1150 696 473 75 55 36060 LBJUI HOGS - CHS u OT.amo/M AUGUST 1997 i DAT moving Avauo i | i | nl ot/u/tt i 1 ~T i i 1 ! 1 ll MtWl * o |II | | ,'.I ’ I ! ! I i I 'I ' ' i | It IS > t IS » 10 S 11 10 17 1 10 17 11 1 ID 17 It 11 7 It It It 5 11 It IE 1 t IS 11 ID 7 It nr-os bc jtt-07 waa MJ bps mot jot jul ariai/ia/i7 I SIT NOVI NO BVWMti i It SIT NOVI NO Ivan I I I 1 ' 1 I M vw^ IB 25 2 9 16 11 10 6 IB 20 17 1 10 17 2« 1 10 17 14 11 7 14 11 IB 5 12 19 16 1 9 16 11 10 7 14 f-96 JHC J>a-97 rn HU HfM MAT JUM JPL fIOTBBAK HBAL - CBOT m or py/xo/f? AUGUST 1997 9 DAT MCVIW kVSMa , I | | I ) I | .■» 01/M/lT | j f | , 1 i 1 I ' mcviw hvaum , , i 1 I , J I | I 1 i i I { i 1 j ' 1 I!j I ; ' 1 1 I1! 1 ( j ; 1 ; j ( . 1 : J: 1 ‘'■ i i ! I ■ ■ 1 1 r 11 ' 1 i ! ! i,i I i j ■M ' ! !1 1 ! || | | jii ; m i'<l l , i I nil 1 ft II 11 JO C II 10 IT % to LI 24 1 10 IT 14 >1 1 L 4 11 10 B LI LO If 1 0 If 11 Ift T 14 I >Ol wma JM-ftT m mi m mu jus jvl. ji OOTUJUU - do* u ar.oi/w/fT JUJOPIT I»J7 I MftVllß fcWMft II I 111 M I I I I | ) I I I I I I 14 PA-' Hivx. n tTIMI _ . r - | ! i ; I■ l j 1 I I| | I jj j j j I I j jli ! ' ! LB If 1 • If 11 10 f LI 10 IT 1 L 0 LT 14 1 LO LT 14 1L T L 4 1L IB f 11 LB If 1 9 L 6 11 10 T 14 nr-Of nc jjm-bt na mu ap« mt jvb jul. DAIRY MARKET PRICE COMMENTARY Published Courtesy Bridge News Service Phone: (212) 269-1110 or E-mail: iwheeler@news.bridge.com (Reported from market conditions. Tuesday, July 8, 1997) Lisa Wheeler Bridge News, N.Y. - Rainfall in parts of the US Midwest this week has helped curb the recent losses in milk production that were linked to hot, steamy weather. The USDA announced that the June basic formula price (BFP) was $10.74/cwt, up 4c from May, but down $3.18 from June 1996's $13.92. June's butterfat differential is $0.1140, while NASS's cheese price survey for a 40-pound block of cheddar is $1.1583 a pound. Traders they don't expect its strong of ft pop-up in prices this summer as was seen in the LIVB CATTL* AUOUfiT 1997 - CMS r i t l '” 1 • I I 1 ■ . ! ii i 1 DAIRY WEEK Secretary of Agriculture Dan I , previous summer. The Dairy Division in USDA's AMS has decided to revise its procedure for computing the average cheese price used to compute the BFP. Effective with the June 1997 release, the current month's average will include all weekly cheese price information that has been released since the last BFP announcement, the USDA said. Cheese price averages used to compute previous month BFP's will not be revised, it said. (Turn to Pag* AM) ♦ft-M 85.0 82.5 80.0 77.5 75.0 72.5 70.0 67.5 trim 320 300 280 260 240 220 200 950 900 •50 •00 750 700 650 n >
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