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For sixty years, Sire Power has proudly provided high quality, reliable genetics Our line-up of sires are complimented by professional direct herd
and technician service With Sire Power, you get the whole package!
LAMP A Mating Program that works with your herd goals, to produce cows that will thrive in your herd setting!
GOLD The industry's premier young sire program! Qualified participants receive the highest daughter credits available!
A.I. Training If you want to learn for the first time or need a refresher course--Sire Power's expert A I Trainers can help!
Reliability Sire Power's years of success have been based, in part, on providing reliable sires, our customers can count on!
Call Your Nearest Representative Today:
PENNSYLVANIA
Central PA
J. Hershey Myer
Phone: 717-837-5219
Direct Herd Rep.
Earl Kepner
Phone: 717-935-2485
Northeastern PA
Don Hibbard
Phone: 717-836-3168
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Let Our 60 Years of Experience Work For You!
21 Sire Power Drive, Tunlchannock, PA 18657 Phone. 717-836-3168 Fax 717-836-1490
North Central PA
Rod Prutsman
Phone: 607-525-6274
Western PA
, Russ Jacques
Phone: 814-425-2562
NEW YORK, N.Y.—ln antici
pation erf possible changes in the
United States Department of Agri
culture’s (USDA) Basic Formula
Price (BFP) for milk, the Coffee,
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Southeastern PA & NJ
Eldon Ford
Phone: 717-933-5961
Direct Herd Rep.
Nelson James
Phone: 610-562-7117
WEST VIRGINIA
& Southcentral PA
Steve Cronin
Phone: 304-884-8172
CSCE Considers Changes
In BFP Milk Contract
Sugar & Cocoa Exchange, Inc.
(CSCE) recently announced that
as a temporary measure it will list
no new BFP milk contract months
beyond March 1999. The Com
modities Futures Trading Com
MD Toll Free
Technician Service
/ -800-227-6417
MD Direct Herd Reps:
Franklin & York Counties, PA
Lancaster Fanning, Saturday, June 13, 1998-A2l
MARYLAND/WV
Sales & Service Director
Kirk Sattazahn
Phone: 717-337-3765
Peter Bohacek
Phone: 301-371-6834
Dave Elston
Phone: 301-898-9125
mission (CFTC) has recom
mended that the Exchange address
the need for potential contract
amendments in preparation for a
shift to a new federal milk pricing
system.
“The decision not to
list new contract months
beyond March 1999 is a
necessary and timely
step to ensure that our
contracts will continue
to meet the evolving risk
management needs of
the dairy industry,” said
CSCE President James
J. Bowc. “New contract
months will be listed,
after the Board decides
upon appropriate con
tract amendments to ac
commodate potential
changes in the bench
mark pricing me
chanism for milk. By
anticipating evolving
market conditions, the
Exchange seeks to pro
vide an orderly transi
tion from the current
BFP to any new USDA
cash pricing series for
milk,” added Mr. Bowe.
The CSCE has work
ed closely with the dairy
industry from the begin
ning of the decade to de
velop effective risk
management tools. The
demonstrated promise
of its BFP cash-settled
contracts led the Ex
change to create, devel
op and submit a propos
al upon which the
USDA based its pro
posed Dairy Options
Pilot Program (DOPP).
The initial proposal was
designed by the CSCE
to help dairy farmers
learn how to use BFP
put options to establish a
price floor. The CSCE’s
consideration of pos
sible changes in the BFP
contract also takes into
account the need to pro
tect the viability of this
important educational
program.
Listing of months
will resume when the
Exchange Board of
Managers determines
whether the contract
needs to be amended to
reflect any new milk
pricing mechanism. The
current contract, which
calk for listing in each
month of a 13-month
cycle, is cash settled
against the BFP which is
announced monthly by
the USDA.
Since 1995, the BFP
has served as the dairy
industry benchmark for
pricing milk that is sold
under the Federal Milk
Marketing Order Sys
tem. The USDA has
proposed various alter
native formulas to re
place the BFP as the
price of Class 111 milk
(milk used to make
cheese and other “hard”
dairy products) and is
currently examining ex
tensive public comment
on those proposals. The
Department toll make a
decision on replacing
the existing pricing me
* chanism by April 1999.