A32-Lancsstar Farming, Saturday, Novambar 6, 1999 Weekly Dairy Market Outlook KEN BAILEY Penn State University Associate Professor Of Daiiyr Marketing And Policy • Cheese Demand Stronger Than Expect ed • U.S, economy grew 4.8 percent during July- September • Demand for Ameri can cheese up 7.1 per cent June-August • Butter and cheese prices slightly weaker this week The record-setting growth in the cheese price this past summer was greeted with much suspicion among eco nomists who agreed that the lolly levels achieved were not merited by market conditions. I described it in an earlier column as “irrational exuberance,” a descrip tion borrowed from Fed Chairman Alan Green span’s description of our overheated eco nomy. The milk supply wasn’t threatened; it only slowed for a month or two before resuming. There was even speculation that under lying demand for cheese during this per iod was only average at best No, it was agreed by many observers that the record cheese price of $1.97 per pound was only reached via irra tional market psycholo gy. It would be months before we would find out what really happen ed to cheese demand. Well the results are in. USDA announced this week that commer cial disappearance, a proxy for demand, dur ing the months of June through August was well, pretty good! But ter consumption was up 8.3 percent, American cheese up to 7.1 per cent. and other cheese HAY. STRAW & GRAIN SALE Every Thursday at 12 NOON Vintage Sales Stables, Inc. (Rt. 30,10 miles east of Lancaster in Paradise, PA) For info. (717)442-4181 bus. (610) 458-8518 home Vermont Castings Wood Stoves, Gas Stoves and Fireplaces 1060 Division Highway 322 East, Ephrata, PA 17522 1 Block East of Rt. 222 (717) 733-4973 800-642-0310 Mon,Tue»,Wedloto6;Thure, FiilotoB;Satloto4 up S.B percent over the same period a year ago. This is well above the 2.5 percent growth in the U.S. milk supply during these same months. -20 While market supply and demand conditions during the months of June through August didn’t justify the re cord-breaking cheese NOTICE!! NOTICE!! NOTICE!! NEW OSHA LAW If you presently operate a forklift loader or skid steer as a lifting device you are required by OSHA to have training prior to Dec. 1,1999. The minimum fine for non-compliance is $5,000. For OSHA Certified Training call: A. I. HCRR & BR<§% Quarryville, PA • 717-786-3521 SUPER HC® AND SUPER HC® MOLDED NOTCH BELTS are designed for use where conventional V-Belt drives are impractical, where space, weight or sheave limitations are present and where increased horsepower capacity and higher speeds are required. Join the leading team in belt marketing today. We are looking for dealers to market this competitive quality belt in new locations Call Jay Laughman to discuss several dealership options. r draulics 440 Concrete Ave • Leota PA 17540 • W 7-656-4878 * Fax 717-85&468S prices, at least cheese demand could be des cribed as fairly strong. This largely explains the huge drop in Ameri can cheese stocks re ported last week. It is probable this strong de mand for cheese had its roots in a very robust U.S. economy. -20 My print is one can speculate that if the eco Not Just Another Belt! • Gates "Curves" Concave sides, Radius Relief and Arched Fop combine to minimize wear and assure proper support and strength. • Full Oil & Heat Resistance Special material used throughout the belt provides resistance and also helps resist ozone, sunlight, weather and aging • Tough Tensile Members for Extra Strength Superior resistance to fatigue and shock loads. Special bonding material surrounding tensile members provides long service without separation. • Molded Notches Reduce Bending Stress Notches are precision engineered tor uniform distribution of stresses. Also dissipate the heat of rapid flexing • Bandless, Precision Machined Edge for Even Wedging Action Precisely machined to exact dimensions for uniform fit and reduction of belt slippage The world’s most trusted name in belts and hose. DEALER INQUIRI nomy continues to re main strong during the last three months of 1999, then demand for cheese will remain strong and prevent cheese prices from dropping below current levels. Cheese prices at the Chicago Mercantile Ex change were relatively (Turn to Pag* ASS) largest Farm And Home Store InTheArea! CUSTOMER APPRECIATION WEEK November B*l3 Special Prices throughout the store FREE Porte Sandwich - Sat., Nov. 1310:00 AM - ? ,/~7 SNOW & MUD CHAINS #72450 j For Farm Tractors, Auto/Truck, Lawn & Garden C TRACTOR TIRE CHAINS £ SIZE 8.3- 8.3- 0822. ~ 9.5- . 9.5- 0829 9.5- . 9 5-24 0832. .. 11 2-24 9 5-28 . 11 2-28 9 5-32 11 2-36 13 6-16 12 4-24 12 4-28 13 6-24 13 6-24 13 6-26 13 6-28 14 9-24 11 2-38 12 4-36,38 13 6-36, 38 12 4-42 14 9-26 14 9-28 14 9-38 13 9-42 Nu-Way and Duo Grip Tractor Chains BOLTS, NUTS & WASHERS Bulk Prices GRADE 2 990/lb GRADE 5 $1 .29/LB. GRADE 8 $1.99/lb n) idscape Rakes 3 pt. Boom Poles PAYMASTER gj BEHLEN DOUBLE HOT DIPPED GALVANIZED | 16’ FENCE PANELS W” Combination 34” Hog 595055 52” Cattle 590699 52” Combination 590639 $18.79 Most Sizes IN STOCK ★Full Line Parte Dept.* ★Sell, Service & Install* e/hht r 1 EQUIPMENT INC I & HOME CEfjrEN^/J ■ • • - . i REDDY HEATERS 200.000 BTU $429 165.000 BTU w/thermostat $379 110.000 BTU $299 70.000 BTU w/thermostat 60.000 BTU 40.000 BTU SIZE 16 9-24 17 SL-24 16 9-26, 28 14 9-30 16 9-30 16.9-34 15 5-38 16 9-38 184-161 . 21 5-16 21 SL-16.1 18 4-24, 26 19 SL-24 18 4-28 . 18 4-30 21L-24 18 4-34 18 4-38 20 8-34 23 1-26 20 8-38 23 1-30 18.4-42 23 1-34 SALE $lO9 99 $109.99 $119.99 $ll9 99 $ll9 99 $139,99 $ll9 99 $139 99 $189,99 $124 99 $139 99 $174 99 $174 99 $174 99 $199 99 $209 99 $lB9 99 $239 99 f§s Mira Fount THE ORIGINAL ENERGY FREE WATERER... COPIED BUT NEVER EQUALLED 2 Hole #791523 $ 449 00 1 Hole #791522 $ 369 00 #78720 One Row C-Tim Cultivators $15.96 $16.09 Approx. 5 ml. South of Lancaster on Rt. 272 14 Hsrrvllte Road Willow Straat, PA 17584 Ph. 717-464-3321 or Toll Free 800-732-0053 Mon.-Fri. 6:30 am to 8 pm Sat. 7:30 am to 6 pm Sun. Closed $249 $199 $169 SALE $199 99 $199.99 .$219 99 $239 99 $279 99 $199 99 $259 99 $279 99 $279 99 $319 99 $329 99 $349 99 $369 99 $379 99 $449 99 $479 99 $479 99 $529 99 Call In Your Order - UPS Available 6V5’ Disk Harrow #781620 6', 7’ Rear Blades Light & Heavy Duty 52” Cattle ACE Hardwara UPS Shipping Point Not responsible for typographical errors 11/6 9D m m
Significant historical Pennsylvania newspapers