AlfrLancaster Farming, Saturday, September 2, 2000 GRAIN, CATTLE, HOG, & MILK BFP FUTURES MARKETS Markets Courtesy of Chicago Board and Mercantile Exchange Closing Bids: Thursday, Aug. 31,2000 Corn Month Opening High > Low Closing ; Settle ,|NetChgi OOSep 182 184 1/4 181 1/4, 183 1/2 184 1/4 183 3/4' +2 1/4 00NOV 191 1/2 193 190; 192 1/2 193 192 3/4[ +3 1/4, OODec 194 3/4 196 3/4 193 l/2l 196 3/4 196 1/4 196 1/2; +2 3/4 OUan 199 1/2 200 1/4 198 l/4j 200 200 1 +2 1/2| OlMar 206 1/2 208 1/4 205 1/2| 208 1/4 [ 208 I 208 +2 1/41 01May 214 3/4 215 212 3/4, 214 3/4 215 214 3/4 +1 3/4 01 Jill 1221 3/4 222;219 3/4 222 |221 3/4 1221 3/4' +ll/2 l/2 227 1/2|226 1/4 f 227 1/2 r j 227 1/2 +IT/4 Oipec 237 238 1/4 235 1/2 238 237 3/4 237 3/4 +1 1/2 02Jul ; 255 1/2 n| 255 1/2| +ll/2 1 02Dec 249 1/4 249 1/4| 252 , [ 252 T +l| Month Openingj High ' Low | Closing -/’ Settle Soybeans 487) 495{ 4871494 1/2 f 495 |494 3/4| +1 ’ 1/2 505 1/2j 497 504 1/2 505 1/2 505 +VI/4 508 515 1/2 507 1/2 514 1/2 515 1/2 f sis| +1 1/4 519 524 l/2f \/2\ 5311 532 539 l/2[ 536[ 5401 540 545 Blnd(s^iEl Oats 960 106 1/2 116 l/2[117 3/4 122 3/4 By Ken Bailey Penn State University August 25,2000 Barrel Price Rebounding * Strong barrel sales helped prices * Block prices gaining too' * School bottling pipeline is filling * National fluid sales down Barrel cheese prices strengthened this week, rising from $1 1450 per pound on Monday, August 21 to $1 18 per pound by Friday, August 25. Sales were unusually high this week with 54 cars of barrels trading hands Block cheese prices also firmed a bit, rising from $1 28 per pound on Monday to $1 30 per pound by Friday This is quite a change fiom the pnoi three weeks when banel puces tell below support puce levels and the block/barrel price spiead grew to ovei SO 20 pet pound By Friday of this week, however, the block/barrel spread was reduced to $0 12 per pound This is still highei than the noimal range ot SO 03-S0 05 pei pound The strength in the band prices was a result ot stiong sales In addition, moie milk is being Jiveitcd away tiom manufacturing uses into fluid uses USDA reported that the Class I pipelines are being tilled 51?| 531 1 530 1/2 [530 3/4 532 538 1/2 Q 539 538 3/4 fl| i 540 nj [__ 540 1 524| 960 980 106 1/2 108 1/2 116 1/2 122 1/2 122 3/4 Weekly Dairy Market Outlook as children return back to school. That coupled with a seasonal reduction in the milk supply may have helped firmed cheese prices There is a lot of talk that milk on the east coast is very tight, especially right now' Many people are scrambling to find supplies for Class I needs So why aren't milk prices rising 7 The problem continues to be growing U S cow numbers and the potential for higher milk production levels Many dairy farmers I have spoke with report that replacement costs are still very high, reflecting strong demand LISDA just released estimates for fluid milk sales for all federal orders and California During the period January through May 2000, total fluid milk sales were 216 billion pounds, down 0 6 percent relative to the same period a year ago Sales of whole milk, lowfat milk (1 percent), and buttermilk were up, whereas sales of reduced fat (2 percent) and fat tree milk (skim) were down Skim milk alone was down 7 7 percent relative to the same period a year ago These numbers were just crunched by USDA based on new data from the revised federal milk marketing oiders As a result, they may be subject to revisions 523 1/2 |523 3/4[ 524 ' 980 { 107 3/4 107 1/2 117 122 1/2 a 128 1/2 b 129 a 133 a 132 1 + 1 + 1 + 1 + 1 1/2 980 Unch 107 3/4 Unch Unch 12 +2 Pork Bellies Composite Volume Openjnt 08/30/00 611 1783 Daily Prices As ofThursday, 31 August Date 08/31/00 Feb 01 08/31/00 Mar 01 08/31/00 May 01 08/31/00 JulOl Average Farm Feed Costs for Handy Reference To help farmers across the state to have handy reference of commodity input costs in their feeding operations for DHIA record sheets or to develop livestock feed cost data, here’s last week’s average costs of various ingred ients as compiled from regional reports across the state of Pennsylvania. Remember, these are averages, so you will need to adjust your figures up or down according to your location and the quality of your crop. Corn, No.2y 2.05 bu., 3.66 cwt. Wheat, N 0.2 —1.94 bu., 3.24 cwt. Barley, N 0.3 —1.34 bu., 2.87 cwt. Oats, N 0.2 1.23 bu., 3.83 cwt. Soybeans, No. 1 4.17 bu., 6.96 cwt Ear Corn 67.88 ton, 3.39 cwt. Alfalfa Hay —101.75 ton, 5.09 cwt. Mixed Hay 103.75 ton, 5.19 cwt. Timothy Hay —105.50 ton, 5.28 cwt. Lean Hogs Daily Prices As of Date Oct 00 5260 5300 5225 5292 Dec 00 5000 5037 4977 5030 Feb 01 5102 5135 5075 5132 Apr 01 4930 4975 4930 4960 Jun 01 5570 5605 5565 5595 Jul 01 5500 5595 5500 5595 Aug 01 5340 5395 5340 5395 Oct 01 4730 4750 4727 4750 Dec 01 0 4730 4700 4730 08/31/00 08/31/00 08/31/00 08/31/00 08/31/00 08/31/00 08/31/00 08/31/00 08/31/00 Composite Volume Openjnt 08/30/00 5699 37208 Live Cattle Daily Prices As ofThursday, 31 August Prev. Prev. Open High Low Last Chge y o | ume Openjnt Aug 00 6600 6625 6590 6622 +3O 465 753 Oct 00 6710 6732 6677 6697 -13 5319 59299 Dec 00 6905 6915 6880 6902 unch 2876 30479 Feb 01 7070 7077 7056 7070 -2 966 15220 Apr 01 7272 7275 7252 7272 -8 446 8635 Jun 01 7045 7050 7032 7042 -3 198 3518 Aug 01 7040 7042 7030 7030 -2 43 2702 Date 08/31/00 08/31/00 08/31/00 08/31/00 08/31/00 08/31/00 08/31/00 Composite Volume Openjnt 08/30/00 10313 120606 Lumber Daily Prices As ofThursday, 31 August Date 08/31/00 Sep 00 22000 22460 21810 22180 +260 08/31/00 Nov 00 23650 24270 23610 23880 +290 08/31/00 Jan 01 24920 25250 24860 24970 +l5O 08/31/00 Mar 01 25960 26100 25920 26000 +lBO 08/31/00 May 01 26500 26540 26020 26020 -270 08/31/00 Jul 01 26900 26950 26900 26950 +l9O 08/31/00 Sep 01 0 26730 26730 26730 +2O Composite Volume Open_lnt 08/30/00 930 3822 Prev Open High Low Last Chge Vo , ume 596 14 6335 6450 6330 6387 +7 6330 6420 6330 6370 unch 0 6412 6400 6400 unch 0 6500 6500 6500 +9O Table 1. Chicago Mercantile Exchange Prices, Weekly Averages 25-Aug-00 18-Aug-00 11-Aug-00 4-Aug-00 28-Jul-OO Cheese -500 lb barrels 40-lb blocks Nonfat dry milk Extra Grade Grade A Butter Grade AA Source. Dairy Market News, AMS.USDA (http-//www.ams.usda gov/dairy/inncs/weekly.him). Cheese 500 lb Barrels 1/ 1.0785 1 1071 40-lb blocks 1.1966 1.1875 Butter 1,1567 1.1587 Nonfat dry milk 1.0109 10139 Dry whey 0.1915 0.1939 Source. Dairy Pwduct Prices, NASS, USDA (http://usda.mannlib.coinell edu/reports/nassi/pnce/dairy/1999/) 1/ Adjusted to 39% moisture. Thursday, 31 August Prev Prev Open High Low Last Chge Vohjnl( ; o pen_lnt 3399 19244 1827 11688 348 3672 89 1662 11 651 8 185 17 101 0 3 0 1 Open High Low LaslChge ope^ 432 1279 417 1595 51 492 22 353 8 64 0 30 0 8 1 1620 1 2875 1 0300 1 0300 1.0300 1.0300 1 0300 1 0300 1 0300 1 0300 1 0300 1 0300 1 1850 19-Aug-00 12-Aug-00 5-Aug-00 29-Jul-00 22-Jul-OO Prev. Openjnt 1745 27 1 0520 1 2215 1 0820 1 2815 1 1950 1 1875 1 1738 1 2212 1 1291 1.0049 0 1948 1.1730 1.2635 1 0580 1 1450 1 1550 1.1833 1 1856 1.2144 1 1274 1.0098 0 1965 1 2192 1 2280 1 1422 1 0124 0 1938
Significant historical Pennsylvania newspapers