Al6-Lancaster Finning, Saturday, August 28, 1999 GRAIN, CATTLE, HOG, & MILK BFP FUTURES MARKETS Markets Courtesy Of Chicago Board and Mercantile Exchange Corn Daily Prices As ofThursday, 26 August Symbol:C 08/26/99 SEP 99 08/26/99 DEC 99 08/26/99 MAR 00 08/26/99 MAY 00 08/26/99 JUL 00 08/26/99 SEP 00 08/26/99 DEC 00 08/26/99 DEC 01 Total 08/25/99 Soybeans Daily Prices As ofThursday, 26 August Symbol:S 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 Total 08/25/99 Oats Daily Prices As of Symbol:o Open High 08/26/99 SEP 99 1060 1060 08/26/99 DEC 99 1152 1152 08/26/99 MAR 00 1230 1230 08/26/99 MAY 00 1284 1284 Total 08/25/99 Lumber Daily Prices As ofThursday, 26 August Date Sep 99 35500 35810 35200 Nov 99 34200 34610 33960 Jan 00 33200 33740 33200 Mar 00 33810 33810 33450 May 00 33500 33500 33310 JulOO 0 33020 33020 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 Composite Volume Openjnt 08/25/99 1272 4227 HARRISBURG (Dauphin Co ) As farmers struggle to sahage ciops damaged by this year’s drought. Rep Sheila Miller (R-129) is developing leg islation that is designed to help protect Pennsylvania’s agricul ture community from luture natural disasters The Berks County lawmaker and vice chairman of the House Agriculture and Rural Affairs Committee said she intends to intioduce the “Agricultural Disaster Prevention Act' which calls for the state Department of Agncultuie to pick up 50 per- (Closing bids: Thursday, August 26, 1999 High 2062 2196 2304 2352 2380 2406 2464 2540 Open 2060 2196 2304 2352 2376 2400 2460 2540 Volume Open_lnt 64979 307955 Volume Open_lnt 39668 129528 Thursday, 26 August Volume Open_lnt 1016 11666 Open High Low Rep. Miller Wants State Funds To cent of the cost of federal crop insurance for commonwealth farmers Funding, she said, would come from the state’s general fund “Disasters like this year’s drought threaten our food sup ply, as well as the stability of the agricultural industry as a whole,” Miller said “Crop insur ance ensures that our farmers will receive at least some level of return if their crops are wiped out by events such as droughts or floods Disaster prevention and Last Chge 2026 -34 2156 -40 2270 -36 2322 -34 2362 -34 2384 -26 2446 -26 2540 -20 Low 2024 2154 2266 2320 2356 2382 2444 2540 Last 1050 1140 1224 1274 Low 1044 1134 1222 1272 Prev. Last Chge Volume 640 569 60 ‘ 35440 +630 34150 +540 33450 +530 33590 +7BO 33310 +6OO 33020 +lOOO Chge Chge -14 -12 -6 -6 Prev. Openjnt 2054 1523 476 120 46 relief are essential duties of our government The agriculture industry - the number one industry m our commonwealth - needs and deserves this kind of support ” Miller’s proposal authorizes the state Department of Agriculture to enter into an agreement with the Federal Crop Insurance Corporation (FCIC) that would allow the state to cover 50 percent of the catastrophic risk protection pre mium per crop for farmers Catastrophic risk is the most Lean Hogs Daily Prices As ofThursday, 26 August Date Oct 99 Dec 99 Feb 00 Apr 00 Jun 00 JulOO Aug 00 Oct 00 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 Composite Volume Open_lnt 08/25/99 6768 47471 Live Cattle Daily Prices As ofThursday, 26 August Date Aug 99 Oct 99 Dec 99 Feb 00 Apr 00 Jun 00 Aug 00 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 Composite Volume Openjnt 08/25/99 19218 100864 BFP Milk Dally Prices As ofThursday, 26 August Date 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 08/26/99 Aug 99 Sep 99 Oct 99 Nov 99 Dec 99 Jan 00 Feb 00 Mar 00 Apr 00 ,_s>lay,oo Jun 00 JulOO Composite Volume 08/25/99 968 Soybean Meal Daily Prices As ofThursday, 26 August Symbol:SM 08/26/99 SEP 08/26/99 OCT 08/26/99 DEC 08/26/99 JAN 08/26/99 MAR 08/26/99 MAY 08/26/99 JUL 08/26/99 AUG 08/26/99 SEP 08/26/99 OCT 08/26/99 DEC Total 08/25/99 Help Buy Insurance basic level of crop insurance available and currently costs farmers about $6O per crop per county. While farmers could pur chase additional coverage, the current legislation limits the state’s contribution to 50 per cent of the catastrophic risk fees “This proposal is designed to encourage at least basic partici pation by our farmers,” Miller said “However, I will continue to review the possibility of offering assistance for higher levels of coverage as well ” Open High Low 4590 4290 4610 4750 5480 5410 5310 Low Open High 6580 6537 6642 6732 6885 6650 6665 6640 6640 6695 6770 6930 6690 6665 6595 6550 6660 6745 6902 6670 Open High Low 1610 1605 1400 1311 1270 1235 1600 1604 1560 1608 1325 1392 1270 1300 1251 1260 1225 1236 1215 1215 1193 1193 1165 1165 ,1155*0155. 1170 1170 1170 1170 Openjnt 6040 Open High 1383 1383 1396 1396 1435 1435 1435 1437 1460 1460 1472 1473 1500 1500 1505 1505 1520 1520 1508 1515 Volume Open_lnt 18954 121501 Prev. Chge Last Volume 3989 2203 233 209 76 24 32 -105 -75 -40 -35 -32 -22 -15 Prev. Chge Last Volume 1967 11945 3137 1649 376 143 6632 6635 6690 6767 6927 6665 6665 Prev. Chge Last Volume V ll6 282 279 138 99 22 -6 -10 Last Chge 1368 -14 1385 -11 1416 -17 1428 -17 1449 -20 1462 -16 1485 -20 1495 -15 1505 -12 1508 -17 1515 -22 Currently, there are about 7,000 active crop insurance poli cies in Pennsylvania, covering just 30 percent of insurable acreage The federal crop insurance program is a wholly owned gov ernment corporation adminis tered by the Risk Management Agency within the U.S Department of Agriculture Policies are offered through pri vate insurance companies. Prev. Openjnt 20266 15956 6676 2631 1255 485 177 25 Prev. Openjnt 3443 46512 29010 12325 5927 3558 88 Prev. Openjnt 971 1419 1189 988 764 308 157 100 58 36 7 ,
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