Al6*Lancaster Fanning, Saturday, September 9, 2000
GRAIN, CATTLE. HOG,
&MILKBFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, Sept. 7,2000
Corn
Month {Opening
. f. ---
OOSep ISI l/2|182 1/4JIBO 3/4 [
OONov ISS 3/4 189 3/4 188 1/2 189 189 1/4 189 1/41
OODec j 193, 194[ 192 1/4 r 193 1/4 , 193 [ 193 1/4 -4
197 l 196 196 1/4 1196 1/4 j
204 l/4j 205 205 1/4 (205 1/4 j -4
21 1 1/2 212 1/4 |
i2!B 1/4 219 1/4
224 1/2 225 1/4
j 234 3/4 235 3/4 |
253 3/4 n; "
252 1/2 n|
OUan
196;
OlMar 205 1/4 j 206
|ol,May| 212; 213
, oUulj2lB 3/42193/4
OlSep 1224 1/2[225 3/4
Olpecj 23s 1/ 2 236 1/ 2
s2Jui 'j ‘ "
02Dec j" • ~t
Monti
cans
505
514 1/2
521
528 1/2 [ 529 522 1/2
527[ 528 f 523
OtMg
i'oisep [
532
01 Nov
Month High
Oats
j Montli T
OOS«p 990 990 9841 990
OOPie 108 3/4|109 3/4( 108 3/4 109 1/2
[olW|f_ 118 119 118 118 3/4 a _
a [123 3/4 b 124 1/4
r ~ ~ -~- r '
ifeMjjfe _ 133 [133 1/2
lifesr
Table 3. Commercial Disappearance of Milk and Dairy Products, Milkfat Basis
MILK
Production
Marketings
Beg comm stocks
Imports
Total supply
Ending comm stocks
Net removals
Comm disappearance
SELECTED PRODUCTS
Butter 316 3 279.7
American cheese 869.6 912 2
Other cheese 1.149.4 1,255 7
Nonfat diy milk 179 3 192 7
Fluid milk products 13,618 8 13,456 5
Weekly
By Ken Bailey
Penn State University
September 1,2000
Cheese Sales Strong
37 carloads of blocks sold
65 carloads of barrels sold
Block cheese at CME over
$1 33
August
prices out
federal order
Trading activity at the Chicago
Mercantile Exchange was very
strong this week, with 37 cars of
block cheese and 65 cars ot barrel
High
Low:
505 _4
514 1/2
514 1/
521
532 526 1/4
r- r-r-WT' ' ■> —■ —
Loyv Closing!
Apr-Jun.Apr.-Jun. % chg Jan.-Jun Jan.-Jun %chg
1999 2000 year ago 1999 2000 year ago
—Million Pounds—
42,029
41,688
8,164
43,150
42,819
8,638
956
50,808
9,191
1,209
52,666
10,184
262
42,220
75
41.542
Dairy Market Outlook
cheese trading hands There were $ 1.3350 per pound by Friday
no bids unfilled, but lots of USDA reports mixed market
outstanding offers to sell That information this week regarding
usually means there were efforts cheese Milk is very tight on the
to keep the cheese price down east coast, limiting cheese
But, someone was willing to production However, there are
purchase these offers and adequate supplies of cheese on
maintain prices the west coast Also, cheese _, . -
Cheese prices actually stocks are well ahead of year ago 1 aDle
strengthened this week Barrel levels That said, U S milk
cheese rose from $1 1925 per production is trending seasonally Cheese
pound on Monday, August 28 to lower and more milk is being 500 lb Barrels 1/
$1 22 by Friday, September 1 diverted to till the back to school 40-lb blocks
Likewise, block cheese rose from Butter
$1 30 per pound on Monday to
89 1/
500 1/2
9 1/2
19 1/4
509 1/
516 1/
1 524 523 3/4
516 1/2
516
523 1/2
523 b
524 a|523 1/2
523
523jn
526 l/4j526 1/21526 1/2
b. a |
2.7%
82,534
81,856
5,274
2,092
89,222
9,191
151
79,880
85,743
85,081
2 7%
5 8%
26.5%
2,161
93,377
10,184
3 7%
10 8%
249.3%
1.6%
535 254.3%
82,658 2 9%
-116%
4 9%
9.2 %
7 5%
-1 2%
615 7
1,710 8
2,196 4
600 4
1,790 8
2,403 6
384 9 348 I
27.601 5 27,607 4
11813/4 Unch
212J212 1/4
219 {219 1/4(
[225 1/4 7
-4
-4
253 3/4[ -4
252 1/2f -4
235 3/4
-6 1/2
”T r
Se
3.3%
3.4%
6,135
16.3%
3 3%
4 1%
10.8%
-3 1%
4 1 %
8 9%
-9 9%
-0 5%
Lean Hogs
Daily Prices As ofThursday, 7 September
Date
09/07/00
09/07/00
09/07/00
Oct 00 5417 5417 5310 5370
Dec 00 5100 5100 5015 5065
Feb 01 5190 5190 5115 5150
Apr 01 5030 5030 4985 4990
JunOl 5720 5725 5690 5710
Jul 01 5620 5660 5610 5660
Aug 01 5430 5460 5410 5460
Oct 01 4725 4735 4717 4717
Dec 01 4600 4600 4520 4575
09/07/00
09/07/00
09/07/00
09/07/00
09/07/00
09/07/00
Composite Volume Openjnt
09/06/00 6971 37681
Live Cattle
Daily Prices As ofThursday, 7 September
Date
09/07/00 Oct 00 6645 6757 6645 6752 +122
09/07/00
09/07/00
09/07/00
09/07/00
09/07/00
09/07/00
Dec 00 6870 6955 6870 6950 +lOO
Feb 01 7017 7095 7017 7090 +7B
Apr 01 7227 7300 7225 7297 +67
Jun 01 7020 7065 7017 7062 +52
Aug 01 7035 7080 7035 7080 +5O
Oct 01 7295 7332 7285 7332 +47
Composite Volume Openjnt
09/06/00 9873 122446
Pork Bellies
Daily Prices As of
Feb 01
Mar 01
May 01
Jul 01
•/07/00
39/07/00
39/07/00
)9/07/00
Composite Volume Open_lnt
>9/06/00 774 1801
Lumber
Daily Prices As of
Date
09/07/00 Sep 00 21660 21940 21210 21650
09/07/00 Nov 00 23370 23370 22660 23240
09/07/00 Jan 01 24750 24790 24290 24720
09/07/00 Mar 01 25760 26000 25590 25800
09/07/00 May 01 26220 26280 26100 26170
09/07/00 Jul 01 26690 26860 26600 26860
09/07/00 Sep 01 0 26900 26590 26590
Composite Volume Open_lnt
09/06/00 1322 3965
Table I. Chicago Mercantile Exchange Prices, Weekly Averages
1-Sep-00 25-Aug-00 18-Aug-00 11-Aug-00 4-Aug-00
Cheese
500 lb. barrels
40-lb blocks
Nonfat dry milk.
Extra Grade
Grade A
Butter
Grade AA 1.2033 1 1850
Source Dairy Market News, AMS, USDA
(http //www.ams usda.gov/dairy/mncs/weekly.htm)
NASS Weekly US Average Survey Prices
26-Aug-00 19-Aug-00 12-Aug-OO 5-Aug-OO 29-Jul-00
Nonfat dry milk
Dry whey
Open High Low Last Chge ~ !* rev '
Volume
3584
2531
496
105
204
13
20
Open High Low Last Chge y o^J^
5429
2500
1003
657
72
20
192
- Thursday, 7 September
Open High Low Last Chge v op J^
753 1760
19 33
2 5
0 3
6725 6725 6480 6630 -17
6650 6650 6470 6635 +5
6690 6700 6580 6640 +lO
0 6800 6650 6800 unch
Thursday, 7 September
Open High Low Last Chge Qp J™i
459 908
783 1965
67 570
7 400
5 73
1 41
0 8
1 1875
1.2930
1 1620
1.2875
1.0300 1 0300 1 0300 1.0300 1 0300
10300 10300 10300 1.0300 1 0300
1 0795
1 1896
1.1562
1 0136
0 1918
1.0785
1 1965
1 1577
1 0109
0 1915
Prev.
Open_lnt
18663
12237
4015
1726
677
221
126
10
-13
-115
Prev.
Openjnt
57163
33420
15952
9129
3721
2750
254
1 0520
1 2215
1.0820
1.2815
1.1875
1 1950
1.1071
1 1875
1 1600
1 0139
0 1939
1.1738
1 2212
1.1291
1 0049
0.1948
1 0580
1 1450
1.1833
1 1856
1 2144
1 1274
1 0098
0 1965