Al6-Lancaster Fanning, Saturday, July 22, 2000
GRAIN. CATTLE, HOG,
&MILKBFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, July 20,2000
Com
Daily Prices As ofThursday, 20 July
Symbol:C
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
Total
07/19/00
Oats
Daily Prices As ofThursday, 20 July
Symbol:o
07/20/00 SEP 00
07/20/00 DEC 00
07/20/00 MAR 01
07/20/00 MAY 01
07/20/00 JUL 01
07/20/00 SEP 01
Total
07/19/00
Soybeans
Daily Prices As of
Symbol:S
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
Volume Open_lnt
55854 143157
Soybean Meal '
Total
07/19/00
Daily Prices As of
Symbol:SM
07/20/00 AUG
07/20/00 SEP
07/20/00 OCT
07/20/00 DEC
07/20/00 JAN
07/20/00 MAR
07/20/00 MAY
07/20/00 JUL
07/20/00 AUG
07/20/00 SEP
07/20/00 OCT
07/20/00 DEC
Total
07/19/00
Weekly Dairy Market Outlook
By Ken Bailey
Penn State University
July 14,2000
Market in a Holding
Pattern
CME cheese prices stable
CME butter puces weaken
some
Market
reports
waiting
Cheese prices were relatively
Volume Opon_lnt
53933 389861
High
1112
1200
1264
1284
1314
1350
Open
1094
1200
1264
Volume Qpen_lnt
1134 16009
Thursday, 20 July
- Thursday, 20 July
Volume
t 30685
Open_lnt
106106
stable this week at the Chicago
Mercantile Exchange (CME).
Prices for 40-pound block cheese
traded between $1.20 and $1.23
per pound. Barrel cheese traded
between $ll9 and $l2l per
pound. Clearly the market is
looking for direction.
On the one hand, packagers
and processors have ample
supplies of cheese on hand.
Much of the growth in the milk
new
Last
1096
1176
1254
1284
1314
1350
Low
1094
1176
1250
1284
1314
1350
(Turn to Pag* A 23)
Lean Hogs
Daily Prices As of
Date
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
Composite Volume Open_lnt
07/19/00 8602 44927
Live Cattle
Daily Prices As ofThursday, 20 July
Date
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
Chge
+26
+3O
+ 30
+ 30
+ 34
+3O
Composite Volume
07/19/00 14023
Lumber
Daily Prices As of
Date
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00 .
Composite Volume Open_lnt
07/19/00 536 3063
Pork Bellies
Daily Prices As ofThursday, 20 July
Date
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00
07/20/00,.
Composite Volume Open_lnt
07/19/00 1635 3540
Table 1. Chicago Mercantile Exchange Prices, Weekly Averages
Cheese:
500 lb. barrels
40-lb. blocks
Nonfat dry milk:
Extra Grade
Grade A
Butter:
Grade AA 1.1858 1.2267
Source: Dairy Market News, AMS, USDA
(http://www. ams. usda.gov/dairy/mncs/weekly. htm).
Table 2. NASS Weekly US Average Survey Prices
8-Jul-00 l-Jul-00 24-Jun-00
Cheese
500 lb. Barrels 1/ 1.2030 1 1824
40-lb. blocks 1.1841 1.1515
Butter 1 1681 1.1665
Nonfat dry milk 1.0066 1.0107
Dry whey 0 1888 0.1853
Source: Dairy Product Prices, NASS, USDA
(http.//usda.manulib.cornell.edu/reports/nassr/pnce/dairy/1999/)
1/ Adjusted to 39 % moisture.
Thursday, 20 July
Open High
6550
5650
5215
5280
5260
5990
5930
Aug 00
Oct 00
Dec 00
Feb 01
Apr 01
Jun 01
JulOl
Aug 01
Open High
6760 6797
6965 6997
7170 7197
7295 7322
7512 7530
7320 7325
7320 7330
Aug 00
Oct 00
Dec 00
Feb 01
Apr 01
Jun 01
Aug 01
Openjnt
116783
- Thursday, 20 July
Open High
25650
26300
26910
27500
28200
28000
25400
26200
26890
27500
Sep 00
Nov 00
Jan 01
Mar 01
May 01
JulOl
Open High
8700
8390
7160
7160
7167
7270
8420
8160
7000
JulOO
Aug 00
Feb 01
Mar 01
May 01
JulOl
14-Jul-OO 7-Jul-00 30-Jun-00
1.1965 1.2625 1.2410
1.2190 1.2675 1.2620
1.0300 1.0300 1.0300
1.0300 1.0300 1.0300
Last
Low
6670
5765-
5335
5475
5290
5997
5930
5800
Last
Low
6795
6995
7197
7320
7530
7325
7330
6745
6955
7165
7290
.7507
7310
7317
Last
Low
24370
25330
26400
27020
27500
27590
24370
25300
26400
27020
2750 Q
27590
Last
Low
8700
8390
7112
7160
7167
7270
8400
8150
7000
7160
7167
7270
1.1933
1.1346
1.1296
1.1705
1.0102
0.1840
Prev.
Chge
Volume
4322
2948
1012
231
58
30
+142
+ 130
+l2O
+ 192
+5O
+8
+2O
+ 10
Prev.
Chge
Volume
6953
4601
1216
829
293
25
105
Prev.
Chge
Volume
362
128
14
22
10
-1000
-590
-400
-440
-450
+240
Prev.
Chge
Volume
140
1433
62
+3OO
+3OO
+ 127
+ 113
+65
+lBO
23-Jun-OO
16-Jun-00
1.2275
1.2600
1.0300
1.0300
1.1767
17-Jun-00
10-Jun-00
1.0989
1.0965
1 2814
1.0119
** 0 1809
Prev.
Open_lnt
13792
15420
9219
2608
1319
300
62
Prev.
Open_lnt
34932
45645
15661
8912
6169
2954
2510
Prev.
Open_lnt
1952
839
145
94
22
Prev.
Openjnt
314
2921
289
14
1.1870
1.2040
1.0300
1.0300
1.2400
1.0711
1.0870
1.3043
1.0093
0.1795