A2O-Lancaster Farming, Saturday, June 22, 2002 Daily National Grain Market Summary SL Joseph, MO June 19,2002 Report Supplied By USDA Wheat and com bids were higher, today, despite the favorable weather fore cast this week. Wheat harvest is making progress but talks of poor yields, especial ly in hard red winter wheat, under pinned bids. Export sales continued to lag be hind, limiting gains. Com bids climbed higher on fund buying and some over night export interest. Soybean bids dropped slightly lower in reaction to the favorable growing weather forecast this week. Wheat steady to 4 cents higher. Corn 2 cents higher. Sorghum 4 cents higher. Soybeans 1 to 3 cents lower. EXPORT SALES: PURCHASER COMMODITY TONNAGE DELIVERY DATE South Korea Corn 52,500 Aug/Sep THESE MAY NOT BE THE ONLY EXPORT SALES THAT HAVE TRAN SPIRED, BUT THEY ARE THE ONLY SALES THAT COULD BE CONFIRM ED DATE CHANGE YEAR AGO TRUCK BIDS: 06/19/02 06/18/02 06‘/iO/ 01 Wheat: Kansas City (HRW ORD) 3.16 up 4 2.97-2.99 Minneapolis (DNS) 3.36 up 4 '/« 3.52 Portland (SWW) 3.61 unch 3.39-3.41 St. Louis (SRW) 2.95 up 2 2.45-2.47 Corn, US 2 Yellow: Kansas City 2.03-2.05 up 2 1.78-1.80 Minneapolis 1.98 'A up 2 1.64 dn 3 Vi-\ Vi 4.81-4.87 Minneapolis truck - to arrive 20 days FUTURES: Kansas City (July) Wheat 3.10 'h up 3 'A 3.08 3 A Minneapolis (July) Wheat 3.01 up 1 } A 3.17 Chicago (July) Wheat 2.91 Vi up 2 'A 2.56 Chicago (July) Com 2.08 'A up 2 1.90 'A Chicago (July) Soybeans 4.91 Vi dn 1 Vi 4.66 EXPORT BIDS: Barge bids out of Port of New Orleans or Rail out of North Texas Gulf. Bids per bushel except sorg hum per cwt. US 1 HRW Wheat, Ord Protein: Rail 3.58 '/«-3.06 '/ 2 up 2 'A- 3 -’A 3.43-3.47 US 2 Soft Red Winter Wheat: Barge 3.13 'h -3.14 A up 2 A 2.66-2.67 US 2 Yellow Corn Barge 2.34 ’/< up 2 Vi-2 2.11 '/< US 2 Yellow Sorghum Rail 3.96-4.16 up 3.88-3.93 Barge 4.26-4.30 up 3-4 3.84 US 2 Yellow Soybeans Barge 5.24 '/i-5.25 /: dn 2 Vi 4.99-5.05 Your One-Stop Hydraulic Shop Beiler Hydraulics is a Full Service Facility Specializing in: • Engineering • Fully Equipped Service Truck All types of hydraulics & pneumatics Hydraulic installations • Air Compressors Maintenance Complete Rebuilding of all brands Repair Road service 'Truck Systems Lots of parts in stock Wet line installation • Cylinders Trouble shooting Complete rebuilding • Hose Assemblies New parts machined Made to order Custom built cylinders • Hydraulic Power Units • Machinery conversions Custom built to your specifications Hydraulic & pneumatic Gas or electric • Pumps & Motors Stationary or portable Complete rebuilding of all brands Lapping & resurfacing Authorized build center for Permco BeHer I 440 Concrete /Ave * Leole PA 17540 • 717 65E-4878 • Fax 717 858-4GBc? ,V.V-%V*WA\V Pa. Grain Report June 17,2002 Report Supplied By PDA COMPARED WITH LAST MON DAY’S MARKET FOR EASTERN AND CENTRAL PENNSYLVANIA. Corn steady to firm. Wheat very active .15 to .25 higher. Barley and Oats steady. Soy beans steady to .05 lower. Ear Com steady to firm. PRICES PAID DELIV ERED TO DEALERS DOCK, All prices per bushel, except Ear Com per ton. SOUTHEASTERN PENNSYLVANIA CORN No. 2-y, 2.29-2.54, avg. 2.40; contract for harvest 2.26.30. WHEAT No. 2, 2.89-3.24, avg. 3.06; contract for har vest 2.81-3.29. BARLEY No. 3, 1.35-1.50, avg. 1.44. OATS No. 2, 1.85-2.40, avg. 2.08. SOYBEANS 4.76-5.00, avg. 4.83; contract for harvest 4.45-4.52. Gr. Sorg hum, 2.20. Ear Com 63.00-75.00, avg. 70.25. SOUTH CENTRAL PENNSYLVANIA CORN No. 2-Y, 2.09-2.40, avg. 2.34; WHEAT No. 2, 2.50-2.80, avg. 2.63; BARLEY No. 3, 1.35-1.75, avg. 1.47; OATS No. 2, 1.80-1.85, avg. 1.81; SOY BEANS No. 1, 4.40-4.67, avg. 4.49. EAR CORN 60.00-75.00, avg. 60.00. WESTERN PENNSYLVANIA CORN No. 2, 2.09-2.40, avg. 2.31; WHEAT No. 2, 2.50-2.70, avg. 2.60; BARLEY No. 3, 1.75; OATS No. 2, 1.50-1.90, avg. 1.70; SOYBEANS No. 1, 4.89; EAR CORN 67-68.00, avg. 67.50. CENTRAL PENNSYLVANIA EAR CORN No 2,2.40-2.55, avg. 2.45; WHEAT No. 2, 2.50; BARLEY No. 3, 1.75; OATS No. 2, 1.80-2.10, avg. 1.93; SOYBEANS, No. 1, 4.75-4.80, avg. 4.78; EAR CORN 65.00. LEHIGH VALLEY CORN No. 2-Y, 2.35-2.41, avg. 2.39; WHEAT No. 2, 2.82-3.34, avg. 3.09; BARLEY, No. 3, 1.40-1.60, avg. 1.50; OATS No. 2, 1.75-1.90, avg. 1.85; SOY BEANS No. 1, 4.55-4.80, avg. 4.70; GRAIN SORGHUM 2.82. EAR CORN 71.00-75.00, avg. 73.00. EASTERN AND CENTRAL PENNSYLVANIA CORN No. 2-y, 2.29-2.55, avg. 2.40; month ago 2.29, year ago 2.19. WHEAT No. 2, 2.80-3.34, avg. 2.90, month ago 2.58, year ago 2.35. BARLEY, No. 3, 1.35-1.75, avg. 1.47; month ago 1.60, year ago 1.33. OATS No. 2, 1.75-2.40, avg. 1.92; month ago 1.78, year ago 1.43. SOY BEANS No. 1,4.50-5.00, avg. 4.73; month ago 4.24, year ago 4,23. EAR CORN 63.00-75.00, avg. 68.77, month ago 66.14, year ago 61.30. NORTH CENTRAL OHIO (Prices FOB Truck): CORN 2.03-2.07; WHEAT 2.73-2.83; OATS 1.50; SOY BEAN MEAL: bulk 44% 164.70-167.00; bulk 48% 174.70-176.00. Our 20,000 Sq. Ft. Facility Enables Us To Serve You Better draulics East Fluid Milk And Cream Review Madison, Wis. June 19,2002 Report Supplied by USDA Spot prices of class II cream, dollars per lb. butterfat: F. 0.8. producing plants: Northeast; 1.2969-1.3984. Delivered Equivalent: Atlanta: 1.2970-1.4186 mostly 1.3173-1.3781. PRICES OF CONDENSED SKIM, dollars per lb. wet solids, F. 0.8. produc ing plants: Northeast: Class 11, includes monthly formula prices: .9200-1.0250; Class 111 - spot prices - .7500-.9600. SPOT SHIPMENTS OF GRADE A MILK: FLORIDA: This week - In 0, Out 32; last week - In 0, Out 63; last year - In 0, Out 70. SOUTHEAST STATES: This week - In 0, Out 0; last week - In 0, Out 0; last year - In 0, Out 0. Regional Milk Market Administrators announced the following, April 2002 un iform prices: Northeast $12.63, Mideast $11.63, Southeast $12.89, Florida $14.55, and Western New York (a state order) $11.93 at the base city or county in the or ders. (For the Northeast, Mideast, and Western New York orders, statistical un iform prices are reported.) During May, milk production in the 20 major states totaled 13.05 billion pounds, up 3.2% from May 2001. The following are the May-to-May changes for selected states: Texas 1 .7%, Vermont 2 .6%, Vir ginia 4 .2%, New York 6 .9%, Pennsylva nia - 0.1%, Kentucky -0.6%, and Florida -2.1%. Milk production is steady to easing lower in the more northern areas and scattered parts of the mid-South, general ly lower elsewhere. High temperatures are taking their toll on milk output in Florida and other Southeastern states. Florida’s milk supply and needs are in better bal ance and shipments out of state are fall ing. In fact, last week’s total was revised lower. Bottled milk sales are pretty much in the “summer mode” now that schools in nearly all states are on summer vacation. Surplus milk diversions are lighter in most areas. The strike at a major candy maker’s plants is over and milk intakes are getting back to normal. This is easing the pressure on local manufacturing plants. Some Southeastern balancing plants are now shut and others are oper ating on weekends or reduced schedules. In the Northeast, surplus milk supplies are lighter and plants are more easily able to clear the milk. < Est. % % 1979 Contacts report less distressed milk is being cleared. The condensed skim market is little changed. Prices are unchanged, but the supply/demand scenario is in better bal ance. Some suppliers report improved spot sales while others still move only contracted volumes. The fluid cream market is improving. Supplies are tighter and multiples are in creasing. Despite the rising multiples, spot prices are lower following the 8.25-cent drop in last week's average CME butter price. Some suppliers are re portedly scrambling to find a few extra loads to cover their improved sales. Hot weather has given ice cream sales a boost, particularly soft serve. Ice cream makers are stepping up output and many are now at typical summer levels. Bottled cream orders are holding up fairly well, but the berry season is drawing to a close except in the Northeast. Churning activity is lighter. Dairy Products Prices Highlights Washington, D. C. June 14,2002 Report Supplied By NASS/USDA DAIRY PRODUCTS PRICES HIGH LIGHTS: CHEDDAR CHEESE prices received for US 40 pound Blocks averaged $l.lB per pound for the week ending June 8. The price per pound decreased 2.1 cents from the previous week. The price for US SOO pound Barrels adjusted to 38 percent moisture averaged $1.16 per pound, down 0.6 cents from the previous week. BUTTER PRICES received for 25 kilo gram and 68 pound boxes meeting USDA Grade AA standards averaged $1.05 per pound for the week ending June 8. The U.S. price per pound increased 1.5 cents from the previous week. NONFAT DRY MILK prices received for bag, tote and tanker sales meeting USDA Extra Grade or USPH Grade A standards averaged 90.1 cents per pound for the week ending June 8. The U.S. price per pound increased 0.2 cents from the previous week. DRY WHEY prices received for bag, tote and tanker sales meeting USDA Extra Grade standards averaged 16.7 cents per pound for the week ending June 8. The U.S. price per pound decreased 0.3 cents from the previous week. National Carlot Meat Report Des Moines, IA June 18,2002 Report Supplied By USDA USDA Market News USDA Carlot Meat 4:00 Summary: Compared to Previ ous Day, Prices in Dollars per hundred weight, Equated to FOB Omaha Basis. BOXED BEEF CUTS: Boxed beef cut out values firm on moderate to fairly good demand and moderate offerings. Se lect and Choice rib, chuck, round and loin steady to firm. Beef trimmings generally steady on moderate demand and offer ings. Estimated composite cutout value of Choice 1-3,600-750 lbs carcasses up .35 at 113.43, 750-900 lbs up .65 at 114.01; Se lect 1-3, 600-750 lbs up .63 at 107.75, 750-900 lbs up .48 at 107.22; based on 127.46 loads of Choice cuts, 152.52 loads of Select cuts, 59.26 loads of trimmings, and 49.94 loads of coarse ground trim mings. Estimated carcass price equivalent value of Choice 1-3,600-750 lbs up .15 at 102.03, 750-900 lbs up .32 at 102.36; Se lect 1-3, 600-750 lbs up .32 at 94.90, 750-900 lbs up .22 at 94.55. Current index reflects the equivalent of 371,712 head of cattle. NATIONAL CARLOT BEEF: The Cutter cow carcass gross cutout value was estimated at 91.42, up 2.59. By-Product Drop Value; Hide and offal from a typical slaughter steer was esti mated at 7.76, up .02. NATIONAL CARLOT PORK: Sales reported on 86.0 loads of pork cuts and 29.0 loads of trim/process pork. Com pared to Monday’s close: Fresh loins mostly 1.00-4.00 higher; butts 5.00 higher; sknd. hams generally steady; sdls. bellies 2.00-4.00 higher; lean trimmings mostly 1.00 higher. Trading slow to moderate, with good retail demand and light offer ings, while processing cuts experienced light to moderate demand and offerings. Calculations for a 185 lb Pork Carcass 51-52 percent lean 0.80” -0.99” back fat at last rib 55.16, up 1.44. Loins bone in fresh 'A inch trim 21 Ib/down/light 103.00- Hams bone in trimmed, 20-23 lbs trim spec Seedless bellies 12-14 lbs 64.00-68.00; 14-16 lbs 68.00- 16-18 lbs 64.00.