Al6-Lancastef Farming, Saturday, September 27, 1997 GRAIN, CATTLE AND HOG FUTURES MARKETS Markets Courtesy Of Chicago Board and Merchantile Exchange CORN - CBOT „„ = 00 u or 09/24/9 T DSCTTWTTE 1997 valvb = two t JU» MOVZMU kVXVMfK DV U/lf/PT J 10 17 Si 9 10 17 Si 91 7 li Si SB 5 IS 19 SC S 9 If S 9 90 7 14 SI SI 4 It IB S 5 1 B IS Si S 9 rn-97 trnx opji wt jvi Jin* ivo ap Stochastic Open High 2b2 ’ 2 632 Symbol rz7 09/24 /97 Moving Average ' 1 b 3 2 2 b 5 b Stochastic- Directional indicator ay D 9 14 JO H iy 09 14 20 CO 2059 J S') 2 0 5-* ADX 137 b 133 H 1544 k 24 11 23 89 28/ DI 25 1 1 M U 6 23 02 d 26 70 2b 15 25 r 9 <lll 1 8 82 21 82 23 7 1 -Relative Strength 09 14 20 Da, 39 59 44 87 ]7 /2 Opan 09/24/97 6310 symbol SX7 - --Moving Avaraga-- -- 09 18 40 6372 6381 6313 _ -Stochastic -Diractional Indicator ay 09 14 20 Day 09 14 20 to 43 27 43 27 64 02 ADX 26 59 25 56 20 71 k 37 42 40 69 60 67 DI 15 33 15 07 15 65 d 43 06 49 65 64 28 +DI 21 38 22 77 23 33 -Ralativa Strangth 09 14 20 Day 52 61 52 67 52 00 Omaha, NE Thursday, September 25, 1997 Chicago Mercantile Exchange Futures Prices Month Open High Low Last Sett Chge Live Cattle Prices as of 09/25/97 10:01 AM 67.850 67.500 68.275 67.800 70.950 70.575 73.950 73.550 70.4758 70.100 70.025 70.000 67.625 67.875 70.700 73.575 70.225 70.000 OCT 97 DEC 97 FEB9B APR9B JUN9B AUG 9 8 OCT9B TOTAL Lean Hogs Prices as of 09/25/97 10:01 AM OCT 97 70 000 70 000 69 625 DEC 97 65.500 65 800 65 450 FEB9B 64 700 54 /758 64 550 APP9B 6i /50 61 500 67 050 E 66 900 A 56 950 65 600 65.300 65.450 A b 3 6I'OE - - 6 3 600 A JUN 9 8 JLY9B AUG 9 8 ffl OOOP 5 3 900 OCT 9 8 56 95 0 B DECO 8 FEB 99 APR 99 TOTAL 55 5508 (Closing bids: Thursday, September 25, 1997) Last Chge Low 2006 *.610 Momentum Historic Volatility U 9 14* '0 16 "2% 19 18% 18 Low Laat Cbga 6300 6382 +72 High 6400 -Momantum + 192 - -Hiatorie Volatility -09 14 20 18 68% 16 73% 17 46% 67.775 68.175 70.900 73.850 70.375 70.025 69. H /5 65.800 64.7758 61 750 l 0 0008 56.9 5 0 P 58 150' 5“ 150 A - 55 5508 pfw lß 320 300 280 260 240 220 200 VOL t O I ADDDDD 7 50 725 700 675 650 ezs 600 VOL » O I >»»DDD 100DDD USDA-Market News Vol Int 1740 2067 632 282 44 + 25 + 40 + 20 +27 + 15 + 12 UNCH 24192 35024 16067 10066 6697 2009 63 4767 94138 10994 10669 4138 1669 117 i 701 196 261 25 1 2 790 536 96 20 15 25 + 10 + 2 -25 + 12 t 5 29843 1466 LEAK HOGB - CMB u or 09/24/91 OCTOBHH 1997 t 7we wovnta EviaSSi ' di i q/24/91 W.r WVSaC AJJWiiCW /(/ Tr t#, < V^' ji,ij.,i,! niiil,!. ,‘iil 'i. ;!llllii!llliilllh.H -.1 ii|i'i:ilili!i!lli:il:llllllllllilii.ill iil!iiil!i! .hi S L 0 11 14 S 10 17 14 Si 1 14 11 !• S 11 II 1( I B 14 IS SO 1 14 11 IB 4 11 IB 1C 1 • 1C 11 19 rn-97 mji wt jul mo n> Open High 09/24/97 7000 7062 Syabol LHV7 - Moving Avenge ay 09 18 40 7058 7043 7130 Stochastic -- Directional indicator ay 09 14 20 Day 09 14 20 to 44 19 44 19 44 19 ADX 19 97 14 41 11 56 k 44 46 44 38 43 97 DI 28 44 27 27 26 65 d 49 99 49 60 47 07 +DI 20 01 20 48 20 87 - Relative Strength - 09 14 20 45 81 45 72 45 71 Or Qf/24/91 $ wqvzmu avnratta >WC IR'VXJU hfKx i*W . /M. ' y ■ J 10 L 7 14 9 10 17 14 91 7 14 11 ID 5 11 ID If 1 9 1C 19 90 7 14 11 1» 4 11 ID 15 1 I 15 11 19 m>97 me ifi mt juii jvl am or Open 09/' 1 4/97 b 7 82 Symbol LCV7 - -Moving Average- 09 18 40 Day * 6828 6820 6885 - - Stochastic 09 14 -’0 Day 09 14 20 3 26 11 49 23 81 ADX 25 71 21 66 18 32 18 08 32 42 38 17 DI 22 43 23 28 23 54 30 52 44 60 45 U 3 *DI 12 15 14 09 15 39 -Relative Strength 09 14 20 37 19 40 84 43 13 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, September 23, 1997) NEW YORK The butter futures market has recovered somewhat in recent sessions as the industry “sorts out the supply and demand situation,” a trader said. One trader said he believes butter is in the wrong hands, which has kept those dealers who are short the physical scrambling for imme diate supplies. According to traders, butter prices are firm as those printing butter arc short the physical and nearly all the fresh butter is com mitted to buyers already. “There is very little butter around that isn’t already ear marked with a buyer," one broker said. In the week ending Sep. 20, there were 47 certified ware houses with 33.511 million pounds of butter in storage, down 3.116 million pounds from the previous week. FUTURES AND CASH PRICES Basic Formula Price futures Lest Chge LOW 6980 7012 -Moaaotuß 18 -38 —Historic Volatility-- 09 14 20 14 62% 13 95% 16 39% LIVE CATTLE - CMB OCTOBER 1997 Ql lQf24/ff Last Chge Low 6745 High bRIS 6752 -Momentum Directional indicator- --Historic Volatility 09 14 20 8 42% 10 58% 11 55% DAIRY WEEK LISA WHEELER Bridge News 40 -415 40 -298 contracts traded on the Coffee, Sugar and Cocoa Exchange were unchanged on Tuesday. Sep settled at $12.64/cwt, while Oct settled at $1254/cwt. Traders said they expect the Sep contract to settle near $12.70/cwt before expiration next week ahead of the USDA’s announcement of the BFP. BFP open interest at die CSCE has fallen substantially in the past month, but on Tuesday, total open interest rose 2 lots to 957 lots after trading well-over 1,000 lots through most of the -summer. The cheese market in the Mid west is fairly steady. At the Chica go Mercantile Exchange, 40-pound blocks were unchanged at $113925 on Sep 18, while bar rels rose 0.5 c to $1.3250 per pound. Some scaling down of ini tial inventories were seen in pro cessor stockpiles while seasonal production is at a normal low. At the CME, Grade AA butter rose 6V« c to $1.1450 Sep 19, while Grade A increased 7c to (Turn to Pag* A 3 8) 78 wo*. » 90D0D VOS. » 0
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