JjJv r tiCP i l vi.otnntH '
AlM.ancaater Farming, Saturday,' August 2, 1997
GRAIN, CATTLE AND HOG
FUTURES MARKETS
CORN - CBOT
u woT/iWn SHPTBMBffP 1997
9 nkt MCVIHCJ AVUbCOt BI Q9/19/IT
I £ SAT HC'i'lM’ fcVBUSG*
Vjjfp
9 16 11 10 6 LI 20 27 1 LO L 7 24 1 LO 17 24 21 7 14 21 21 5 11 19 26 2 9 16 22 20 7 14 21 2» 4
OIC-96 JM-97 m KU Ul MftT JUV JUX.
So. St. Paul, Mn Thursday July 31, 1997
Chicago Board of Trade Grain Futures
Wheat
Sep
Dec
Mar
May
Jul
Corn
Sep
Dec
Mar
May
Jul
Oats
Sep
Dec
Mar
May
Soybeans
Aug
Sep
Nov
Jan
Mar
May
Meal
Soybean
Aug
Sep
Oct
Dec
Oil
Soybean
Aug
Sep
Oct
Dec
Source: USDA Livestock .and Grain Market News, So.St.Paul,
612 451-1565
Omaha, NE Thursday, July 31, 1997 ' USDA-Market News
Chicago Mercantile Exchange Futures Prices
MONTH OPEN HIGH LOW LAST SETT CHGE VOL
Live Cattle
Settlement Prices as of 07/31/97 02:01 PM
AUG 9 7
OCT 97
DEC 9 7
FEB9B
APR9B
JUN9B
AUG9B
TOTAL
67.350
70.100
72.025
73.300
74.900
71.625
71.500
Lean Hogs:
Settlement Prices as of 07/31/97 02:01
AUG 97 81.350 82.150 81.350 81.900
OCT 97 74.150 75.450 74.150 75.100
DEC 97 70.200 71.300 70.200 71.250
FEB9B 68.750 69.800 68.700 69.550
APR9B 64.200 65.500 64.100 A 64.900
JUN9B 67.500 68.900 67.500 68.500
JLY9B 66.200 66.9008 65.300 A 66.9008
AUG9B 64.500 65.4008 64.300 65.4008
OCT9B 60.1-00 60.8508 60.100 60.8508
DEC 9 8 57.5508 57.5508
FEB 99 59.0508 59.0508
TOTAL
(Clodng bids: Thursday, July 31, 1997)
Settlement Change
1/2
1/2
3/4
3/4
1/4
1/4
1/4
1/4
1/2
3/4
69
69
73
75
3/4
1/2
258.40
233.80
221.50
215.20
22.35
22.56
22.73
23.07
68.100
70.950
72.600
73.575
75.200
71 .‘B5O
71.550
67.300
70.100
72.000
73.300
74.900
71.625
71.250
Contract High/Low
High Low
3/4
3/4
1/2
1/2
1/4
1/4
3/4
3/4
3/4
85
83
73
75
3/4
3/4
up
up
up
up
3/4
11 1/2
15
24.
22 3/4
24
22 1/2
4.50
3.60
6.80
6.70
282.00
261.80
236.30
234.00
up
up
up
up
26.93
28.45
24.25
27.50
48
51
51
54
up
up
up
up
67.775
70.600
72.475
73.550
75.100
71.800
71.250
67.825
70.625
72.500
73.525
75.100
71.775
71.325
81.925
75.150
71.200
69.675
65.150
68.650
66.900
65.400
60.850
57.550
59.050
t/WMMML
340
300
280
260
240
220
3.23
3.36
3.45
3.48
3.33
1/2
1/2
1/2
2.27
2.27
2.36
2.41
2.45
1/2
1/2
1/2
3/4
1/2
1.44
1.43
1.48
1.65
1/2
3/4
1/2
1/2
1/2
3/4
6.63
6.05
5.77
5.83
5.93
6.01
1/2
215.50
201.50
194.50
186.00
21.50
21.70
21.78
21.85
+3O 5715
+52 4608
+47 2229
+l2 694
-i 22 434
20860
48888
20232
9633
3475
2753
329
106170
+45
+ 20
45
12
13737
3119
4449
1073
207
116
22
8997
LBAH HOGS - CUE
u cr (11/11/91 AUGUST 199 7
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L i , 'ft v MCJIAC AVXBAGS uji
/V"
W
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*
9 16 as 30 6 13 20 37 3 10 1? 24 3 10 17 24 }1 7 14 atjt 5 11 it 26 2 9 16 23 10 7 14 11 21 4
01C-9 6 JAM-97 m MU' A FM MAT JUA JUL.
Or QT/91/97
9 DM NDVIMO AVXBMB
DAY HDVViQ AVZ&AGI
9 16 33 30 6 13 30 37 3 10 17 34 3 L 0 L 7 34 31 7 14 31 30 5 13 10 3$ 3 0 16 33 30 7 14 31 3» 4
9K-06 Jl>'M Fll MUI IPI MT JVI.
SOIBRAN HEAL - CBOT
u er,m/n/» AUGUST 1997
> dm K»»a nmai ni ai/ia/jj
iE JM MCVIJIO tVJDUCB
IT
10 ‘ ji“i” Il m 14 1 14 11 7 “, 1111 5 «•»« II 1 II JO 71111 10 i
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, July 29, 1997)
INT
Calif., Midwest milk
flow steady as temps cool
By Lisa Wheeler, Bridge News
New York—Jly 31-In Cali
fornia, where milk continues to
flow in large quantities, an urisea
sonal surplus of milk is being
converted into cheese and nonfat
dry milk as quickly as possible to
prevent falling milk prices.
In the Midwest, milk produc
tion is steady and slowly picking
up as toasty temperatures are not
hot enough to sustain any damag
ing heat to livestock.
9860
15778
5962
2188
1371
762
518
96
144
18
Milk prices have fallen slightly
in the last several weeks m re
gions of California, while prices
in the Midwest remain fairly
steady, brokers said.
One broker said that nor-
36699
SOYBKAHB - CBOT
AUGUST 1997
at al/la/s?
mally 100 degree weather in the
San Joaquin Valley has been
cooler this season, allowing cows
to produce more. Some dairy cows
were off their cycle last year due
to the heat there and that has
caused them to freshen late this
year, the broker said.
Crops, however, may not be
that lucky. Brokers said there is
some concern that crops may be
scorched in the summer months,
despite talk that second-crop hay
harvest will be bumper.
According to Bridge Global
Weather Services, a change in
weather patterns has apparently
occurred in much of the Midwest
com and soybean belt as well as
the far northern Plains where soil
(Turn to Page Al 9)
t/u
85.
0
t/UVI
950
900
850
800
750
700
650
i/nm
320
300
200
260
260
220
200