Ai6-Lancaster Farming, Saturday, November 18, 2000
GRAIN, CATTLE. HOG.
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, November 16,2000
Corn
207 2t
2lO 3/4 2
* 2191221 3/4j218 1/4
1 ' ' fT’ t 1 , 111 **' - - *- - ——— - ” ’"
3/4 229 1/4 _
1 QOM, 233 3/41 236 232 3/41
Oisep J 241 242 240 1/2j
249 1/2 252 3/4|249 1/4'
llit
f ,
I Montii
265
Oats
Month (.Opening! High t,
OODCC 102 3/4 103 1013/4
[oiMarj 113 113 1/4 112 1/2;
OlMay 119 3/4 119 3/4 119; 119,
OlJul 1 125 125 124 3/4 124 3/4
OlSep 127 b
01 Dec 132 132 1/2 132 132 1/2
i Month [opening: High ] LOW | Closing
Wheat
Month Opening] High J
OODec 253 1/2J255 1/2
2711273 1/2
OlMar
01May 282 l/2t
2921
01JUI !
oiSep
01D#C 313 3/4
idijUl l
r
300
329 3
Soybean Meal
Monthjopenmg [" Hlghf [ Low { Closing * jsett!e]|fet (ffig
OODec 170.4 170 4 169.0 169.7 169.8 169.8 -11
169.5)168.2! 168.8 I 169.0 |
01Jan'
OlMar
169.5|
167.8
OlMay
166.3
166.8|
OUul
01 Aug
166.0!
166.0 j
jOlSep . _ 166.4 165.3 165.8 b 166.0
jOl Oct 164.5 164.5{164.51164.0 bl 164.5
J j 165.5 bf 166.0
Month (opening [tllgfcf
Soybeans
HS&T r : 523 n(
,J r ' S T’* I -r *^TCTTL\ ,, ( , -*.?
1 Month 'opening High i Low' v $
•_j__ l _ 1 '
Soybean Oil
; Month opening [High f Low U Closing ■ [
OODec 15.30 15.34; 15.03 15.14 ! 15.12 f:
I OUan!
15.59!
OlMar
15.98!
OiMay
16.381
[oiJul ,
16.75[
206
3/4
226
270 j
265
Low f Closing
252{254 3/4 1254 {254
270i272 1/4 1273 272
281
284 1
294|290 1/2
300
3031
168.2 167.0 167.4 ! f
166.8 165.7 166.2
167.2 166.2 166.8 166.6 ;
(
i
166.5i165.6l 166.0
15.
15.63 15.32
16.03 15.72
15.
16.38;i6.11
16.
16.76 16.50
16.55 ,
208 1/2 209 {2OB 3/4f +l2
213 r 213
_ 221 221
{228 1/2 T
T
1/2 213 1/41
1/4
229 228 3/4
236 235 3/4
235 1/2 [
242 |241’~3/4| r ~ +6
252 +l6
241 1/2
251 3/4 252 1/4
270
265 a
Closing | Settle Net Chg
102 >lO2 1/4 102 1/4! -10
113 1
128 a 127 1/2
[SetChii'i
284
294 |
303 |
168.9|
167.4
166.2|
166.71
166.0
165.9
_ a J
a(
164.51 -6
a (165.81 -5
15.13
15.40{
40 |
15.79 [ .
79
16.18
is ;
16.55
12
12
2211
12
+ 12
270 +2O
265 f Unch
1131
119
124 3/4
Unch
132 1/2
'•] settlte^[NeJc|®i
Unch
l/2i
1/2!
+ 2
284|
+ 12
+ l2 i Daily Prices As of: - Thursday, 16 November
2941
303 [
+ 14
-13
-12
-10
-9
Table 1. Chicago Mercantile Exchange Prices, Weekly Averages
10-Nov-OO 3-Nov-OO 27-Oct-OO 20-oct-00 13-Oct-OO
-10 i
-8
Cheese:
500 lb. barrels
40-lb blocks
Nonfat dry milk
Extra Grade
Grade A
Butter:
Grade AA 1 -5805 1.1967
Source: Dairy Market News, AMS,USDA
(http://www.ams usda.gov/dairy/mncs/weekly.htm).
Table 2. NASS Weekly US Average Survey Prices
4-Nov-00 28-Oct-OO 21-Oct-OO 14-Oct-OO 7-Oct-OO
Cheese
-500 lb. Barrels 1/
• 40-lb. blocks
Butter
0.9909 0.9912
1.0307 1.0817
1.1426 1.1181
Nonfat dry milk 1.0143 1.0119
Dry whey 0.188 0.1848
Source: Dairy Pi oduct Prices, NASS, USDA
(httpJ/usda nmnnhb.cornell.edu/reports/nassr/pnce/dairy/1999/).
1/ Adjusted to 39% moisture.
By Ken Bailey
Penn State University
November 10,2000
Cheese Prices Strengthen
• 40-lb blocks
$1 06/lb
Barrels rose to $1 02
• Process cheese enters the
CCC
cheese
The
market
Lean Hogs
Daily Prices As ofThursday, 16 November
Date
Dec 00
Feb 01
Apr 01
Jun 01
11/16/00
11/16/00
11/16/00
11/16/00
11/16/00
11/16/00
11/16/00
11/16/00
JulOl
Aug 01
Oct 01
Dec 01
Composite Volume Openjnt
11/15/00 7569 40529
Live Cattle
Daily Prices As of
Date
11/16/00
11/16/00
11/16/00
11/16/00
11/16/00
11/16/00
11/16/00
-2
Dec 00 7215 7265 7190 7262 +5O
Feb 01 7450 7497 7422 7492 +5O
Apr 01 7545 7587 7525 7585 +35
Jun 01 7230 7255 7222 7252 +2O
Aug 01 7240 7270 7235 7260 +JB
Oct 01 7375 7380 7357 7380 +5
Dec 01 7452 7455 7445 7455 unch
1
-4 1
Composite Volume Open_lnt
11/15/00 12792 132728
Pork Bellies
Date
11/16/00
11/16/00
11/16/00
11/16/00
11/16/00
Feb 01
Mar 01
May 01
JulOl
Aug 01
Composite Volume Openjnt
11/15/00 745 2401
Weekly Dairy Market Outlook
Chicago Mercantile Exchange
strengthened a bit this week.
Prices for 40-pound block cheese
rose from $0 98 per pound on
Monday, Novembei 6 to $1 06
per pound by Friday, November
10 Barrel cheese rose from $ 1.00
per pound on Monday to $1 02 by
Friday The spread between
blocks and barrels by Friday was
$0.04 per pound. This represents
a “normal” level
rise
Pi*ev«
Open High Low Last Chge Volum g
2951
2652
1211
448
52
42
164
48
5425 5445 5370 5402
5650 5710 5625 5677
5585 5657 5562 5620
6235 6290 6220 6272
6087 6135 6075 6125
5800 5885 5790 5880
4995 5090 4995 5060
4670 4692 4637 4692
Thursday, 16 November
Open High Low Last Chge
Open High Low Last Chge Prev - _ Pr f V *
6 Volume Open_lnt
711 2135
17 105
15 103
2 36
0 21
6275 6355 6265 6297
6285 6350 6285 6305
0 6400 6357 6357
6500 6520 6500 6520
0 6560 6560 6560
10040 1.0005 1.0000 1.0000 0.9975
1.0080 1.0080 1.0200 1.0395 1.0505
1.0300 1.0300 1.0300 1.0300 1.0300
1.0300 1.0300 1.0300 1.0300 1.0300
Prev. Prev.
Volume Open_lnt
6758 52434
3615 43512
1489 22115
703 7530
176 5985
39 1034
12 117
+l2
+2
+2O
+2O
1.1425 1.1433 1.1392
1.0145
1.1109
1.1162
1.0087
0.181
1.0964
1.1993
1.1318
1.0141
0.1823
USDA reported that current
natural cheese movement
generally remains good as holiday
orders work through distribution
channels. They also reported that
356,400 pounds of process cheese
from the Midwest entered the
CCC (USDA's Commodity
Credit Corporation) under the
dairy price support program
Prev.
Open_lnt
15910
15739
4777
2187
482
409
584
440
1.2096
1.2629
1.1523
1.0148
0.1817