Al6*Lancaster Farming, Saturday, November 11, 2000
GRAIN. CATTLE, HOG,
&MILKBFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Wednesday, November 8,2000
Corn
Wheat
266j262 3/41 265 1265 1/2
2821
Ml
292 293 3/4 291 1/2
303
wm
301;
ifliSiK
[Bgp
329 1 331 f 329f330 1/2 j 330 1/2) +2O , , r ,
_ — r -p —Composite Volume Open Int
S? 6 *? 1 ! _ I . ” B y 2 .?j. *{ 2 • fl 4 1/07/00 8333 36088
I Month [openingf High
Oats __ _ [T^K: ——,
Month [Opening | High ( [closing j 'ffiWßSjPfo.b 1
OODec 109 3/4[llo l/2i 1091110 1/2 1 jllO 1/2} +lO
3/4!
jOlMey) " 124)
308 1/2|311 1/2
320, 323
128)
i oiiui T _ l29 i
01Sepil29 1/4 j 130 129 1/41 ,
iOlDecj 134[1351/2 1 J. 34j |I3S l/2[ +l4
Month iOpening High f Jddiw Closing
Soybeans
Montb Opening ,
00N0V475 1/2 4771472 1/2
OlJan 486 487 1/2 __
OlHgf 496 1/4 497 1/2 493 j
504 1/2 [SOS 1/41
| l/ 41
511
01 Aug
_ _ t __ j
01NOV518 1/21518 l/2t515 3/4 517 516
Month (Opening i High j
5141
Soybean Meal . T ~ r -. ,
Month Opening High Low Closing Sett(6lNetChg
,00 Dec 173.5 173.8 171.7 171.5 171.6
OUan 172.2 172.6 170.6 i 170.8 170.6 |170.7|
OlMar
OlMay
170.5
169.8
170.7
OUul
OlAug 170.3 170.5 169.0
[ olSep 170.0 170.0 168.2 l 0 b 168.
I OlOct' 169.51169.5 b 168.
iOlDeci 170.5 170.7 169.5 1 169.0 b 169.5 a' 169.5 j
[Month Opening! High Low j Closing Settle NetXiig
By Ken Bailey
Penn State University
November 6,2000
Cheese Prices Plummet
Further!
> Block cheese
$0 98/lb
> Bdirels steady at sl/lb
281 1/4
284
300
308 1/2
320f322 1/2
120jll8 1/4J
125 f 1241
128
483
501
513 508 3/4 . 509
l/2 509 1/2 510 a
b
511
514
I
171.5 169.4! 169.7
170.4 168.6 168.8 168.9 168.9
171.1 169.3 169.7
168.
168.
• No cheese offered to the ,
CCC !
Cheese prices took another
dramatic turn last week when (
prices foi 40-pound blocks fell
below barrel prices at the Chicago |
Mercantile Exchange Block ,
cheese fell to $0 98 per pound by |
Friday, November n 3. -- Bairel -h
falls
283
284
293 3/4
302 1/2 303
311
120 ; ,
125
129 j
13oj +lo'
130 bj
484 1/2(483 1/2
494 1/4493 1/2
502 1/2 501 1/2
510 1/2
511 1/2
169.7 i
169.7 j
0 a 169.0
9 b 169.
2 a 168.2 i
0 al 167.81
265 1/4
283 1/2
293 3/4
302 3/4
311
322 1/2
+ 16
120
125 +l6l
129' +l6l
-17
-12
-5
-10
Weekly Dairy Market Outlook
cheese remained steady at $l.OO Commodity Credit Corporation
per pound No cheese last week (CCC) Once cheese enters the
was offered to the USDA=92s price support program, market
dairy price support program prices will recover. This
Cheese prices are trading at experience provides a dramatic
levels well below the price illustration for what could happen
support ($1 1226) pei pound foi without the dairy price support
blocks) The market is waiting piogram The program will be
extended JfiAfc.YCSf-'UOdfill-tfafi. ..
Live Cattle
Daily Prices As ofWednesday, 8 November
Date
Dec 00 7245 7265 7185 7200
Feb 01 7420 7430 7360 7377
Apr 01 7490 7495 7427 7445
JunOl 7170 7172 7127 7137
Aug 01 7180 7200 7142 7150
Oct 01 7337 7352 7315 7315
Dec 01 7425 7425 7390 7390
11/08/00
11/08/00
11/08/00
11/08/00
11/08/00
11/08/00
11/08/00
Composite VolumeOpenjnt
11/07/00 22286 131315
Lean Hogs
Daily Prices As of
Date
Dec 00
Feb 01
Apr 01
Jun 01
1/08/00
1/08/00
1/08/00
+3O
+3O
+34
JulOl
Aug 01
Oct 01
Dec 01
1/08/00
+26 1/08/00
+26 1/08/00
+24 1/08/00
ork Bellies
Daily Prices As of
Date
Feb 01
Mar 01
May 01
11/08/00
11/08/00
11/08/00
11/08/00
11/08/00
JulOl
Aug 01
Composite Volume Open_lnt
11/07/00 731 2328
CME Milk
Daily Prices As of
Date
03/10/00
03/10/00
03/10/00
03/10/00
03/10/00
03/10/00
03/10/00
03/10/00
03/10/00
03/10/00
03/10/00
Mar 00
Apr 00
May 00
Jun 00
JulOO
Aug 00
Sep 00
Oct 00
Nov 00
Dec 00
Jan 01
Composite Volume Openjnt
03/09/00 22 7271
Prcv Prev
Open High Low Last Chge Vo|um< ; open In ;
12821 59776
6576 36665
1684 21066
816 7051
355 5723
26 968
7 65
- Wednesday, 8 November
Open High Low Last Chge yJ^J^
4654
2828
675
137
23
10
5235 5265 5202 5220 -JO
5535 5557 5487 5527 -8
5450 5485 5430 5447 +2
6100 6145 6100 6120 +lO
5900 5955 5880 5950 +35
5710 5740 5690 5722 +27
4895 4935 4895 4927 +3O
4630 4630 4605 4605 unch
Wednesday, 8 November
Prpv
Open High Low Last Chge y o j um g
6430 6537 6390 6482 +127 702
6410 6520 6410 6482 +ll2 11
6600 6600 6500 6500 +ll5 7
6597 6650 6597 6600 +123 2
6600 6690 6600 6690 +195 9
- Friday, 10 March
Open High Low Last Chge
962 962 962
995 981 985
1034 1026 1026
1115 1103 1105
1195 1185 1186
1248 1232 1232
1260 1248 1248
1273 1265 1267
1205 1200 1200
1194 1186 1187
1139 1139 1139
Prev.
Openjnt
19161
10353
3515
1617
398
357
384
303
Prev.
Openjnt
2136
94
52
32
13
Prev.
Open_lnt
742
613
617
824
1190
1061
767
675
405
348
29
unch
-7
unch
Appropriations bill
The futures markets reflected
this bearish news. On November
3, 2000 the Class 111 settlement
prices at the Chicago Mercantile
Exchange fell to $8 50 for
November 2000, $8 93 for