Al6-Lancaster Fanning, Saturday, September 30, 2000
GRAIN, CATTLE, HOG,
&MILKBFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Wednesday, Sept. 27,2000
Corn
HerfNet Impacts
Commercial Marketing
KANSAS CITY, Mo.
Buyers and sellers of Hereford
influenced feeder cattle now
have the opportunity to use the
new HerfNet marketing system
that has been implemented by
the American Hereford Associa
tion (AHA). HerfNet.com is a
free resource that enables pro
ducers to advertise the availabil
ity of his or her calf crop to
Certified Hereford Beef (CHB)
feedyards, order buyers, Stocker
operators and commercial feed
ers.
Since the launching of the
new marketing program on Aug.
15, there have been 10,000 head
of feeder cattle on the internet
listing and feedlot fax and Herf-
Net.com has had 1,525 visitors.
The cattle have sold on the auc
tion market, via video auctions
and through ranch direct sales.
One advantage of using Herf-
Net is that it enables producers
to group small groups of calves
into load lots. This has already
paid dividends for two Kansas
breeders. After listing cattle on
HerfNet, a Nebraska feedlot
contacted the representative for
the two groups and a few phone
calls later the 68 head had been
grouped together into one load
and were sold off to HerfNet.
The contract was locked in
three weeks prior to weaning
and the cattle sold to a central
Nebraska feedlot and are eligi
ble for the CHB program. The
producers received an 802-
pound pay weight on the 8-10
month old pre-conditioned fall
calves.
There are various options for
listing cattle free of charge on
HerfNet. The most popular
option is by using the toll free
number, 1-866-HerfNet (437-
3638) connecting buyers and
sellers directly with an operator
who will take the information
via the phone.
Other ways to list cattle in
clude electronically filling out
the candle tracker forms on-line
at www.herfnet.com, or down
loading the forms off the com
puter and faxing information to
(816) 842-6931. The cattle will
be listed 24-48 hours after the
contact has been made and
feeder faxes are being sent two
times per week. ,
“We want feeders to know
where, when and how they can
buy Hereford cattle,” Jim Wil
liams, AHA director - of feedlot
operations, said. “By having
HerfNet there is now a way for
producers to find out what other
marketing opportunities exist in
their area. For example, we
might find that there’s an undis
covered opportunity to pool
calves from a certain region or
that a local stocker operator can
buy the calves he wants right
from his backyard.”
It is important to know that
while the listing serves as an in
formation clearinghouse, AHA
Lean Hogs
Daily Prices As ofWednesday, 27 September
Date
Oct 00 5690 5775 5672 5755 +45
Dec 00 5275 5375 5270 5362 +62
Feb 01 5295 5390 5282 5372 +65
Apr 01 5125 5210 5120 5172 +4O
Jun 01 5780 5870 5770 5865 +7O
Jul 01 5640 5675 5640 5675 +3O
Aug 01 5425 5460 5415 5460 +2O
Oct 01 0 4680 4640 4670 unch
Dec 01 4550 4595 4535 4595 +5O
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
Composite Volume Open_lnt
09/26/00 6562 38838
Live Cattle
Daily Prices As ofWednesday, 27 September
Date
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
Oct 00 6872 6897 6855 6892 +25
Dec 00 7037 7070 7020 7067 +3O
Feb 01 7135 7160 7120 7152 +2O
Apr 01 7310 7315 7290 7307 unch
Jun 01 7047 7055 7030 7047 +5
Aug 01 7055 7065 7042 7042 -3
Oct 01 7285 7300 7282 7282 -8
Composite Volume Openjnt
09/26/00 16515 124372
Lumber
Daily Prices As ofWednesday, 27 September
Date
09/27/00 Nov 00 22150 22720 22080 22710 +440
09/27/00 Jan 01 23770 24300 23730 24200 +370
09/27/00 Mar 01 25130 25390 25100 25300 +l6O
09/27/00 May 01 26000 26000 25820 25910 +220
09/27/00 Jul 01 26100 26580 26020 26580 +2OO
09/27/00 Sep 01 0 26900 26900 26900 unch
Composite Volume Openjnt
09/26/00 622 3861
Pork Bellies
Daily Prices As ofWednesday, 27 September
Date
09/27/00
09/27/00
09/27/00
09/27/00
09/27/00
Feb 01
Mar 01
May 01
Jul 01
Aug 01
Composite Volume Openjnt
09/26/00 376 1910
isn’t entering the competitive
on-line auction business. Rather
the association is providing the
free service of compiling seller
information so Hereford feeder
cattle buyers can easily and
readily access a database of
available calves and yearlings.
In addition to listing feeder
cattle on the Web site there is
also a commercial female listing
that can be used as a marketing
tool for groups of bred or open
Hereford females.
There is also a special Here
ford-influenced feeder calf sale
listing so buyers know where to
go for cattle, and once again
Open High Low Last Chge yJ^J^
3543
2357
479
158
19
Open High Low Last Chge
6949
6070
2131
622
562
159
22
Open High Low Last Chge ~ ?* rev * Prev *
Volume Openjnt
438 2415
144 799
31 450
9 98
0 60
0 20
Open High Low Last Chge .. Prev< Pr ® v *
6 Volume Openjnt
367 1849
3 44
5 8
0 5
1 4
6355 6572 6355 6572 +3OO
6515 6560 6515 6560 +3OO
6500 6700 6500 6700 +3OO
6420 6420 6420 6420 unch
6500 6670 6500 6670 +3OO
sellers have the opportunity to
combine small lots into loads.
There are also plans to expand
the HerfNet Web site to include
on-line sale catalogs, semen ca
talogs and seedstock advertis
ing. Internet users will also have
24 hour-internet access to the
AHA database and more than
three million pedigrees and
records.
To find out more information
about HerfNet and to learn how
to take advantage of the new
marketing opportunities contact
1-866-HerfNet or visit
www.herfnet.com.
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