AIS-Lancaater Farming, Saturday. April IS, 2000
GRAIN, CATTLE, HOG,
&MILKBFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, April 13,2000
Com
Daily Prices As of
Symbol:C
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
Total
04/12/00
Soybeans
Daily Prices As of
Symbol:S
04/13/00 MAY 00
04/13/00 JUL 00
04/13/00 AUG 00
04/13/00 SEP 00
04/13/00 NOV 00
04/13/00 JAN 01
04/13/00 MAR 01
04/13/00 MAY 01
04/13/00 JUL 01
04/13/00 NOV 01
Total
04/12/00
Oats
Daily Prices As of
Symbol;o
04/13/00 MAY 00
04/13/00 JUL 00
04/13/00 SEP 00
04/13/00 DEC 00
04/13/00 MAR 01
04/13/00 MAY 01
Total
04/12/00
Soybean Meal
Daily Prices As ofThursday, 13 April
Symbol: SM
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
Total
04/12/00
NASS Weekly U.S. Average Survey Prices
24-Mar-00 25-Mar-00 18-Mar-00 11-Mar-00
Table 2
Cheese:
500 lb. Barrels 1/
40-lb. blocks
Butter
1.0824 1.0848
1.0976 1.1047
1.0425 0.9852
Nonfat dry milk 1.0054 1.0107
Dry whey 0 1749 0.1782
Source- Dairy Product Prices, NASS, USDA
( http://usda.mannhb coinell edu/reports/nassr/price/dairy/1999/)
1/ Adjusted to 39% moisture
- Thursday, 13 April
Volume Open_Xnt
60589 487983
Thursday, 13 April
Volume Open_lnt
51339 199683
- Thursday, 13 April
Open
1216
1194
1212
1272
1340
High
1234
1212
1230
1290
1344
1380
Volume Open_lnt
758 17514
Volume Open_lnt
18359 123614
Chge
Last
5382
5506
5536
5560
5626
5702
5770
5804
5840
5840
Low
1214
1190
1210
1272
1340
1380
Chge
+ 22
+ 20
+ 14
+ 10
+ 10
+ 10
Last
1234
1210
1220
1282
1344
1380
Low
1691
1703
1702
1705
1705
1726
1738
1752
1760
1768
1.0891
1.1012
0.9537
1.0073
0 1779
Lean Hogs
Daily Prices As of
Date
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
Composite Volume
04/12/00 9875
Live Cattle
Daily Prices As ofThursday, 13 April
Date
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
04/13/00
Composite Volume Openjnt
04/12/00 12846 124476
+ 6
+ 12
Lumber
Daily Prices As of
Date
04/13/00 May 00 31200 31400 30800
04/13/00 JulOO 32080 32150 31620
04/13/00 Sep 00 31810 32060 31600
04/13/00 Nov 00 31650 31750 31210
04/13/00 Jan 01 0 32750 32750
Composite Volume Openjnt
04/12/00 1105 3202
Table 1. Chicago Mercantile Exchange Prices, Weel
Cheese
500 lb. barrels
40-lb. blocks
Nonfat dry milk
Extra Grade
Grade A
Butter:
Grade AA 1.1008
Source. Dairy Market News, AMS, USDA
(http://www.ams.usda.gov/dairy/mncs/weekly.htm).
4-Mar-00
1.0837
1.0958
0 9264
1.0090
0 1799
1.0845
1.0956
0.9436
1.0108
0.1773
Thursday, 13 April
Open High
6785 6840
7497 7525
7195 7215
6880 6910
6147 6147
5900 5900
5870 5885
5690 5690
0 6367
Apr 00
Jun 00
JulOO
Aug 00
Oct 00
Dec 00
Feb 01
Apr 01
Jun 01
Open_lnt
69441
Open High
7345
6940
7020
7280
7410
7505
7685
Apr 00
Jun 00
Aug 00
Oct 00
Dec 00
Feb 01
Apr 01
Thursday, 13 April
Open High Low
7-Apr-00 31-Mar-00 24-Mar-00 17-Mar-00
1 0825 1.0880 1.0925 1.0915
1.1105 1.H25 1.1075 1.1150
1.0300 1.0300 1.0300 1.0300
1.0300 1.0300 1.0300 1.0300
Weekly Dairy Market Outlook
By Ken Bailey uncovered offers. Chicago cheese
Penn State University P rices are now ver V near the block
April 7,2000 support price of $ 1.10 per pound
under the dairy price support
program.
Dairy Prices Head
Lower
■Blocks and barrels trade
lower
■February cheese production
up 2.9 percent
Cheddar cheese enters the
CCC
Cheese prices showed further
weakness this week at the
Chicago Mercantile Exchange.
Barrel cheese prices fell from
$1.0850 per pound on Monday,
April 3 to $1.0775 on Friday,
April 7. Likewise, prices for 40-
pound blocks fell from $1.1125
per pound on Monday to $1.1075
by Friday. Just two carloads of
cheese at the exchange actually
traded hands this week. Most of
the price decline occurred via
r . „ Prev.
® Volume
1845
4525
1852
889
327
390
42
Low
Last
Last Chge
Low
7345
6945
7012
7277
7402
7500
7695
7327
6930
7000
7267
7400
7497
7685
7370
6977
7037
7300
7430
7507
7700
Last
30850
31690
31730
31210
32750
1.1092 1.0392 0.9800
Part of the reason for the
bearish outlook on cheese prices
could be attributed to the dairy
products report released by
USD A April 3. That report
shows American-type cheese
production in February 2000 at
297.4 million pounds. Adjusted
for leap year, that would be an
increase of 3.5 percent. Total
cheese production in February
2000 was 639.6 million pounds,
up 2.9 percent when adjusted for
leap year. The growth in cheese
production in February clearly
followed the growth in milk
production.
The Commodity Credit
Corporation, or CCC, purchased,
40,022 pounds of block cheese
+63
Prev.
Volume
5299
4994
1477
699
313
18
46
+2B
+3O
+7
unch
unch
+ 10
Prev.
Chge
Volume
769
314
15
-870
-640
-530
-450
+390
;ly Averages
(Turn to Page A 33)
Prev.
Open_lnt
7754
34259
9622
8810
4575
3413
833
161
14
Prev.
Openjnt
16974
53596
25587
15278
6264
3151
• 3624
Prev.
Open_lnt
2018
925
189
68
10-Mar-00
1.0970
1.1180
1 0300
1.0300
0.9817