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 <A So. lowa 2.08-2.09 up 3
1.77-1.82 Omaha 1.94 up 2 1.67
Soybeans, US 1 Yellow: Kansas City
4.95 dn 1 4.72 Minneapolis 4.83 'A dn I '/:
4.51 So. lowa 4.95-4.95 ‘/a dn 2-2 Vi
4.60-4.66 Cent. II Processor 4.99 Vi-S.ll '/>
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
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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.
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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.