Al6-Lancastar Fanning, Saturday, Octobar 14, 2000
GRAIN, CATTLE, HOG.
&MILKBFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, October 12,2000
Com
Soybeans
Soybean Meal
Oats
Glickman Expands USDA Assistance
WASHINGTON, D.C.
U.S. Agriculture Secretary Dan
Glickman recently announced
an expansion of USDA’s efforts
to help farmers meet their tre
mendous grain storage needs
during this period of continued
high production.
Glickman said the Depart
ment’s Farm Storage Facility
Loan program, which offers low
interest loans to farmers build
ing on-farm storage facilities,
will be expanded to include
structures designed to store
silage. In addition, the required
down payment for loans will be
reduced from 25 percent to 15
percent.
“On-farm storage gives farm
ers marketing flexibility,” said
Glickman. “USDA is broaden
ing this program to help provide
farmers the resources they need
to segregate crops and decide
when to sell them.”
Glickman said enrollment in
the four-month old program is
growing substantially. As of Oc
tober 3, 2000, USDA has re
ceived 2,347 applications from
farmers in 38 states. Exactly
1,828 loans totaling $54 million
in 30 states have been approved,
including 438 in lowa, 563 in
Minnesota, 172 in South
Dakota, and 123 in Illinois.
USDA’s Farm Service Agency
estimates that these facilities
will increase on-farm storage ca
pacity by 36 million bushels.
Seven-year financing is pro-
Lumber
Daily Prices As ofThursday, 12 October
Date
10/12/00 Nov 00 22610 22750 22430 22620 +lO
10/12/00 Jan 01 23950 24190 23900 24070 +7O
10/12/00 Mar 01 25180 25330 25100 25220 +3O
10/12/00 May 01 25750 25900 25600 25670 unch
10/12/00 Jul 01 25800 26480 25550 26480 -70
10/12/00 Sep 01 02695026950 26950 unch
Composite Volume Open_lnt
10/11/00 937 4368
Live Cattle
Daily Prices As ofThursday, 12 October
Date
10/12/00 Oct 00 6885 6915 6872 6900
Dec 00 7027 7075 7010 7062
Feb 01 7155 7205 7140 7192
Apr 01 7320 7365 7305 7362
Jun 01 7030 7070 7025 7065
Aug 01 7070 7105 7070 7087
Oct 01 7290 7315 7290 7315
10/12/00
10/12/00
10/12/00
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10/12/00
10/12/00
Composite Volume Open_lnt
10/11/00 14629 122004
Pork Bellies
Daily Prices As ofThursday, 12 October
Date
Feb 01
Mar 01
May 01
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10/12/00
10/12/00
10/12/00
JulOl
Aug 01
Composite Volume Open_lnt
10/11/00 313 1947
Lean Hogs
Daily Prices As of
Date
Oct 00
Dec 00
Feb 01
Apr 01
Jun 01
10/12/00
10/12/00
10/12/00
10/12/00
10/12/00
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JulOl
Aug 01
Oct 01
Dec 01
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10/12/00
mposite Volume Open_lnt
10/11/00 6211 40675
For Farm Storage
vided through the program for
on-farm storage of wheat, rice,
soybeans, sunflowerseed,
canola, rapeseed, safflower,
flaxseed, mustardseed, crambe,
other oilseeds and corn, grain
sorghum, oats, or barley har
vested as whole grain.
Loans are also available to
farmers who previously bought
or built grain storage facilities
between February 2, 2000, and
May 30, 2000. Farmers may
Open High Low Last Chge .. Prev * Pr f V :
Volume Open.lnt
595 2582
226 983
97 615
19 107
0 61
0 20
Open High Low Last Chge Openjni
5257 15656
6418 59039
1710 22975
792 14250
279 5756
138 3415
35 913
Open High Low Last Chge yjj^^
294
16
6400 6415 6300 6377
6330 6395 6327 6375
6500 6540 6462 6535
6600 6615 6600 6615
0 6530 6530 6530
Thursday, 12 October
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apply for loans and may be ap
proved if they meet eligibility
and loan security requirements.
The changes announced
today by Glickman will take
effect after publication of a final
rule in the Federal Register.
Farmers are encouraged to
contact their local USD A Ser
vice Center or FSA county office
for further details. Additional
information can also be found
on the web at www.fsa.usda.gov.