AS-Lancaster Farming, Saturday, August 1, 1998
Pa. Grain
July 27, 1998
Report Supplied By PDA
COMPARED TO LAST MONDAY’S
MARKETFOR EASTERN AND CENTR
AL PENNSYLVANIA: CORN STEADY
TO MOSTLY .05 SPOTS .10 LOWER.
WHEAT STEADY TO .10 LOWER,
BARLEY MOSTLY STEADY. OATS
STEADY TO WEAK. SOYBEANS .10 to
.20 SPOTS .40 LOWER, EAR CORN
STEADY. PRICES PAID DELIVERED
TO DELIVERS DOCK; ALL PRICES
PER BUSHEL, EXCEPT EAR CORN
PER TON.
SOUTHEASTERN PENNSYLVANIA
CORN NO. 2-Y RANGE 2.55-2.76,
AVERAGE 2.67, CONTRACT FOR
HARVEST 2.34-2.49, WHEAT NO 2
RANGE 2.41-2.65, AVERAGE 2.54;
BARLEY NO. 3 RANGE 1.30-1.55,
AVERAGE 1.41; OATS NO. 2 RANGE
FEW REPORTED 1.30-1.60, AVERAGE
1.46; SOYBEANS RANGE 6.20-6.55,
FEW REPORTED 5.80, AVERAGE 6.32,
CONTRACT FOR HARVEST 5.45-5.65;
FEW REPORTED GR. SORGHUM
RANGE 2.35, AVERAGE 2.35; AVER
AGE MOISTURE EAR CORN RANGE
69.00-100.00, MOSTLY 78.00-84.00,
AVERAGE 81.25.
SOUTH CENTRAL
PENNSYLVANIA
CORN NO. 2-Y RANGE 2.52-2.70,
AVERAGE 2.64; WHEAT NO. 2 RANGE
115-2.50, AVERAGE 2.36; BARLEY
NO. 3 RANGE 1.20-1.50 AVERAGE 1.41;
OATS NO. 2 RANGE 1.15-1.40, AVER
AGE 1.25; SOYBEANS NO. I RANGE
5.64-6.30, FEW REPORTED 5.48, AVER
AGE 5.87; EAR CORN. RANGE
65.00-85.00, AVERAGE 77.15.
EASTERN AND CENTRAL
PENNSYLVANIA SUMMARY
CORN NO. 2-Y RANGE 2.50-2.76,
AVERAGE 166; WHEAT NO. 2 RANGE
135-165, AVERAGE 2.50; BARLEY
NO. 3 RANGE 1.20-1.55, AVERAGE
1.41; OATS NO. 2 RANGE 1.15-1.50,
AVERAGE 1.36; SOYBEANS NO. 1
RANGE 5.80-6.55, AVERAGE 6.13; EAR
CORN, RANGE 65.00-85.00, AVERAGE
76.86.
WESTERN PENNSYLVANIA
CORN NO. 2-Y RANGE 2.35-2.93,
AVERAGE 2.66; WHEAT NO. 2 RANGE
111-175, AVERAGE 2.42, BARLEY
A ©
Diffenbach
L Auction Inc.
100 West Jackson Street • New Holland, Pennsylvania 17557
Office; (717) 355-7253 • FAX: (717) 355-9547
HAY & GRAIN SALE EVERY MONDAY - 10:00 A.M.
WED AUG 5 WINROSS HESS FARM & TOYS
FRI AUG 14 TRACS , FARM EQUIP & SUPPLIES
WED SEPT 2 WINROSS HESS FARM & TOYS
FRI SEPT 11 TRACS FARM EQUIP & SUPPLIES
EQUIPPED FOR AN AUCTION AT YOUR PLACE OR OURS
ALAN DIFFENBACH AUCT.-AU2258-L
Pennsylvania Agricultural Commodities
Marketing Association, Inc.
FORWARD INGREDIENTS
Corn Soybean Meal
Soybeans Distillers Grains
Wheat C Hominy
Soybean Meal Cottonseed
Cottonseed
Hogs
Cattle ' RISK MANAGEMENT
CASH GRAIN MARKET Hedging Services
Feed Grains , - Market Consultation
Wheat Mm /Max Contracts
Oilseeds - , Specialized Contracts
A privately held full service commodity merchandising firm.
Call today to see how FACMA can broaden your
marketing efforts whether you're BUYING or
SELLING Agricultural Commodities
Rail Facilities are available at Green Castle Si Palmyra, PA
475 East High Street. Palmyra. PA 17078
800-PACMA Inc. • 717-838-7050
1-800-722-6246
Started by Producers for producers
SEE US AT THE NEW YORK - EMPIRE DAYS
and
PA AG PROGRESS DAYS
NO. 3 RANGE 1.30-1.40, AVERAGE
1.35; OATS NO. 2 RANGE 1.40-1.90,
FEW REPORTED 1.25, AVERAGE 1.57;
SOYBEANS NO. 1 RANGE 5.49-6.20,
AVERAGE 5.85; EAR CORN FEW RE
PORTED 95.00. AVERAGE 95.00.
CENTRAL PENNSYLVANIA
CORN NO. 2-Y RANGE 2.55-2.80,
AVERAGE 2.71; WHEAT NO. 2 RANGE
2.35-2.60, AVERAGE 2.47; BARLEY
NO. 3 RANGE 1.30-1.50, AVERAGE
1.43; OATS NO. 2 RANGE 1.15-1.50,
AVERAGE 1.39; SOYBEANS RANGE
5.94-6.30, AVERAGE 6.15; AVERAGE
MOISTURE EAR CORN RANGE
68.00-80.00, FEW REPORTED 60.00,
AVERAGE 73.00.
LEHIGH VALLEY AREA
CORN NO. 2-Y RANGE 2.50-2.70,
FEW REPORTED 2.34, AVERAGE 2.55,
WHEAT NO. 2 RANGE 2.55-2.72, FEW
REPORTED 2.40, AVERAGE 2.59, BAR
LEY NO. 3 RANGE 1.20-1.45, AVER
AGE 1.36; OATS NO. 2 RANGE
1.30-1.45, FEW REPORTED 1.10, AVER
AGE 1.34; SOYBEANS NO. 1 RANGE
6.05-6.20, FEW REPORTED 5.79, AVER
AGE 6.05; FEW REPORTED GR. SOR
GHUM 2 RANGE 2.40-2.90, AVERAGE
2.65, EAR CORN RANGE 67.00-80.00,
AVERAGE 74.50.
MONTH AGO
CORN NO. 2-Y 2.79; WHEAT NO. 2
2.64; BARLEY NO. 3 1.40; OATS NO. 2
1.48; SOYBEANS NO. 1 6.38; EAR
CORN 78.85.
YEAR AGO
CORN NO. 2-Y 2.87; WHEAT NO. 2
3.23; BARLEY NO. 3 1.92; OATS NO. 2
1.75; SOYBEANS NO. 1 7.68; EAR
CORN 82.16.
NORTH CENTRAL OHIO
(Prices FOB Truck)
CORN 2.14-2.19; WHEAT 2.30-142;
SOYBEAN MEAL: BULK 44%
181.10- 183.50, BULK 48%
190.00-195.50.
National
Grain Market
St. Joseph, MO
Wed Jill 29, 1998
USDA-MO Dept Ag Market Neyf .
DAILY NATIONAL -N
SUMMARY '
PCP and LDP are abbreviations that
many farmers and the grain industry are
getting familiar with and learning how to
use. Producers never dreamed of this being
a marketing tool when loan rates were
established under the Freedom to Farm
Bill. Two or three years of good crops, big
carryovers and reduced export sales has
dropped cash bids down near, and below
for wheat, the government loan rates. New
contract lows have been established each
new trading day. Wheat 1 to 5 cents lower.
Com 1 to 4 cents lower. Sorghum 1 to 2
cents lower. Soybeans 2 to 9 cents lower.
Posted County Prices are the rates each
county has established as its loan rate; the
price the government will give you a loan
on your commodity that you may later
either buy back and retain ownership or
just forfeit the product depending on which
way the price trends develop. If the current
cash price of your commodity is below the
PCP you may apply for a LDP, Loan Defi
cit Payment. Majority of the counties now
have LDP for wheat ranging from 0 to 60
cents, mostly 20-30 cents per bushel. Loan
rates for many counties have com pegged
around 1.85 and soybeans 5.40. However,
new crop bids by some terminal elevators
have com and 2.15 and soybeans at 5.50.
Grain and soybean cash trade slow as own
ers reluctant to sell at current low bids. Ele
vators, dealers, processors and exporters
reluctant to buy ahead due to large carryov
er supplies, reduced export sales and good
prospects of a bumper crop that could
result in further price declines. Storage
space will be a teal problem this fall. Also,
rail and other transportation infrastructure
insufficient to handle burdensome sup
plies. Grains piled on the streets subject to
the elements deteriorate rapidly and do not
lend to higher prices. The Government
could become a large mortgage holder.
I WHAT'S AHEAD FOR I
| CATTLE & HOG FUTURES |
| »We Deal Exclusively in Commodity Futures |
| & Options |
|• 25 Years of Trading & Hedging Experience k
| • We Handle Commercial & Personal |
I Accounts I
For Free Information or For A
Personal Consultation,
Please Cali...
(610) 366-7979 or 800-543-8939
| LEHIGH VALLEY FUTURES INC. |
Commerce Plaza, Suite 249, 5000 Tilghman Street, i
j| Allentown, Pa 18104 [|
j{| The risk of loss in trading futures and options on futures can be [|
S substantial Futures and options trading may not be suitable for e
[| everyone You should carefully consider the risks in light of your [j|
li- financial condition in decid ng whether to trade E
6 30 PM
9 00 AM
6 30 PM
9 00 AM
SLAUGHTER HOGS
EARLY BIRD HOG SALE
7:30 A.M.
Sell Your Hogs At New Holland Sales Stabies Inc
See them weighed sold and pickup your check
10:00 AM ‘
91Q0ARL
ißSmr SHEEP, GOATS &
CALVES iJj
P.M.
HEIFER SALE 10:30 A.M.
COW SALE 12:00 NOON
We have the usual run ol 50 to 100 Heifers all ages
Loads of fresh cows and springers from our regular
shippers Also some local fresh cows and springers
NEW HOLLAND SALES STABLES, INC.
12 Miles East of Lancaster Off Route 23, New Holland, Penna.
MANAGERS Field Representatives For Beef and Feeders:
W 1
NEW HOLLAND SALES STABLES INC.
THE ACTION AUCTION
Livestock Is Our Only Business
MONDAY j
HORSES
MULES
BEEF SALE
Norman & David Kolb-717-397-5538 Luke Eberly - 610-267-6608,717-738-1865
Sale Barn Office Manager: Homer Eberly- 610-267-3047
Roger Floyd-717-354-4341 Nevm Martin - 717-354-7186
FAX #717-355-0706 Ron Ranck - 717-656-9849
Order Buyer: Field Representatives For Goats. Sh
Paul Good - 215-445-6662
U.S. Export Sales; Purchasers Commod
ities Tonnage Del Date Korea 10 pet Soft
White Wheat 6,000 Oct 9.5 pet Soft White
Wheat 2,700 Oct 11.5 pet Hard Red Winter
5.000 Oct 14 pet DN Spring Wheat 2,300
Oct Taiwan Com 54,000 Oct
Totals: Wheat 16,000 tonnes. Com
54.000 tonnes.
Date Change Year Ago Truck Bids;
07/29/98 07/28/98 07/30/97 Wheat: Kan
sas City (HRW, ORD) 2.72 dn 5 3.70-3.71
Minneapolis (DNS, 14pct) 3.31 3/4 dn 4
3/4 4.23 1/4 Portland (SW) 2.61-2.66 dn
5-3 3.98-4.00 St. Louis (SRW) 2.19-2.20
dn 1 3.47-3.50
Com, US 2 Yellow: Kansas City
2.11-2.12 dn 1-2 2.69 Minneapolis 1.99 dn
3 2.55 1/4 Southern lowa 2.10-2.12 dn 4
2.62-2.65 Omaha 1.92-1.94 dn 2-1
2.51-2.52
Soybeans, US 1 Yellow: Kansas City
5.93 dn 8 7.34 Minneapolis 5.73 3/4 dn 2
7.34 Southern lowa 5.89-5.95 dn 1-3
7.47-7.60 Cent IL Processors ?11 1/4 dn 4
1/2-9 1/2 7.29-7.53
Futures; Kansas City (Sep) Wheat 2.74
1/4 dn 4 1/2 3.64 1/2 Minneapolis (Sep)
Wheat 3.12 3/4 dn 2 3/4 3.86 1/4 Chicago
(Sep) Wheat 2.52 1/4 dn 3 3/4 3.56 1/4
Chicago (Sep) Com 2.20 dn 1 2.62 1/4
Chicago pec) Com 2.26 dn 1/2 ? 2.63 1/2
Chicago (Aug) Soybeans 5.92 3/4 dn 3
7.56 1/2 Chicago (Nov) Soybeans 5.68 1/4
up 1
Export Bids: Barge or rail, Pott of New
Orleans or North Texas Gulf. US 1 HRW
Wheat. Ord. Protean: 3.00 1/4-3.03 1/4 no
comp. 3.97 1/2 US 2 Soft Red Winter
Wheat: 2.40 1/4 dn I 3/4-2 3/4 3.68
1/4-3.69 1/4 US 2 Yellow Com: 2.40-2.41
dn 2 1/2-3 2.84 1/4-2.85 1/4 US 2 Yellow
Sorghum: Rail 4.21-4.30 no comp. 4.69
BULLS, STEERS,
BEEF COWS
1:00 P.M.
STOCKERS & FEEDERS
WEDNESDAY j
GOAT
DAIRY
HERD
SELLS
8-5-98 7:00 PM
Barge 4.364.41 dn 2-1 5.19-5.24 US 1
Yellow Soybeans: 6.25 3/4-6.27 3/4 dn 2-1
7.81
Frederick
Livestock
Auction
Frederick, Md.
July 27, 1998
Report Supplied by Auction
SLAUGHTER COWS: 96 HEAD,
STEADY PRICES. UTILITY 37.00-39.75;
HIGH DRESSING 41.00-42.75; CAN
NERS 33.00-36.75; SHELLY 33.00
DOWN.
BULLS: 4 HEAD. YG#l 47.75-51.50.
FED STEERS: 5 LOW CHOICE HOLS
TEINS 1700-1950 LBS. 45.25-47.75; 1
SELECT BEEF TYPE 55.00.
VEAL CALVES: 211 HEAD. CULLS
85-110 LBS. 25.00-30.00, 60-85 LBS.
18.00-26.00; WEAK/ROUGH 18.00
DOWN.
FARM CALVES: HOLSTEIN BULLS
#1 95-120 LBS. 65.00-80.00; #2
40.00- 85-95 LBS. 30.00-40.00;
HOLSTEIN HEIFERS #l9O-120LBS. TO
170.00; #2 80-100 LBS. 40.00-92.00.
BUTCHER HOGS: 25 HEAD. US#l-2
240-265 LBS. 36.00; #2-3 220-2 SO LBS.
33.50-34.75; 1 LOT 212 AT 31.50.
SOWSZ; 350-550 LBS. 21.50-24.50;
550-650 LBS. TO 27.00.
STOCK CATTLE: FEW OFFERED.
SHEEP: 17.00-25.00.
LAMBS: CHOICE 80 LBS. TO 79.00.
GOATS: 1 LARGE 72.50; SMALL
20.00-
PIGS AND SHOATS: BY THE HEAD,
7 HEAD 40 LBS. AT 22.00.
[ THURSDAY J
BEEF AUCTION 10:
10:00 A.M.
GOATS, SHEEP IM
CALVES ZI.II
1:30 P.M.
FEEDER PIG SALE
Pigs are accepted«efter 6 30 A M Slate graded from 8 to 12
Dairy Barn and Feeder Pig Barn are cleaned and disinfected
weekly for your protection
Ken Smoker - 610-593-2123
A.M,