A244jncmef Fanning, Saturn. *u,us. n, 2.00 pUTURES MARKETS (Continued from page AI6) prices lower also This week, however, block prices recovered due to stronger supply and demand conditions. It is doubtful that barrel prices will remain at such low levels over the next few weeks The sudden surge m cheese prices has not improved the market outlook for Class 111 prices. The Class 111 futures settlement prices at the Chicago Mercantile Exchange (as of August 11) shows November Class 111 prices trading at $ll per cwv The market is not expecting cheese prices (block prices) to XNo springs to rust x Adjustable neck opening for calf to cow or wear over time „. , „ , , X Auto Release for downed cows 0 year rust tru x Baked on high gloss, high impact and guarantee acid resistant TGIC polyester powder coating X High Quality X Affordable Prices * 1 9 ” 00 top and bottom rail 1 ” sch 40 uprights Call Us For Your Nearest Dealer! LEBANON VALLEY ENTERPRISES, INC. Manufacturing • Powder Coating • Precast P.O. Box 187, Myerstown, PA 17067 • (717) 866-2030 (Continued from Pag* Al 6) strengthen appreciably from current levels as we enter the fall months. The Class IV milk price was $11.87 per cwt in July. The Class IV futures settlement price at the Chicago Mercantile Exchange (as of August 11) was $11.74 and $11.75 for October and November. Thus the market is not expecting butter prices to improve significantly from current levels through the fall months. Grade AA butter prices remained relatively strong this week, fluctuating between $1.19 - $1.20 per pound. USDA reports that butter production is trending seasonally lower, and butterfat tests are falling. Butter prices should remain at current levels throughout the fall months, assuming demand remains strong. A new report was released by Penn State regarding the new method USDA is using to price milk under federal order reform. The study attempted to abstract from the level of dairy commodity prices, which today are lower than they were last year. Instead, the study held these constant and focused on federal order reform The following conclusions were reached’ 1 U.S. dairy farmers are more dependent than ever on In sinks sferi Imb Eksl Ini miLL€R PRO ■ See more at www.millerprofarm.com...and at your Miller Pro dealer. dairy commodity prices for farm cwt due to order reform. Thus income. Whereas cheese prices dairy producers marketing milk in alone used to drive farm-gate federal orders that are heavily milk prices, butter, nonfat dry dependent on Class 111 sales now milk and dry whey prices are now face lower income than those with also important. ’higher Class I and II sales. 2. The dairy price support program has taken on new meaning since federal order reform. That 92s because the new class price formulas are directly affected by the price of nonfat dry milk. This study shows farm-gate milk prices will fall significantly if the program is eliminated and nonfat dry milk prices are allowed to fall to market-clearing levels. 3. Whereas Class I, 11, and IV prices are now higher under order reform when compared to the previous system, the Class 111 price has fallen $0.20-$0.56 per 111 PL 4. Federal order reform has resulted in a redistribution of income. Dairy producers in the Northeast, Appalachian, Southeast, Florida, Mideast, and Pacific Northwest have seen increases m farm milk sales. Dairy producers m the Upper Midwest, Central, and Western orders have seen a decrease in farm milk sales. You can find this study on my website at; h ttp://w ww. aers. psu. edu/dairy o utlook/reports/reform.htm Now, commercial rated stainless steel boom lines available in a trailer sprayer. • Longer durability. No worry about broken lines. • Easier rinsing. With rubber or plastic lines, chemical molecules can adhere to the surface. • 28% liquid nitrogen compatible. • Large ball valves for more durability, longer life and capacity. Forage blowers feature capacity and velocity to fill the tallest silos.
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