East Coast and North
Central Veal Report
Des Moines, lowa
June 18,2002
Supplied By USDA
CARLOT VEAL CARCASS REPORT:
Northeast and North Central Basis: Com
pared to trading last week: Northeast spe
cial fed veal untested. North Central
steady on light offerings and demand.
VEAL CARCASS, SPECIAL FED,
HOT BASIS, FOB PRODUCTION
POINTS: Hide-On, 240-300 lb: Northeast
0 head. North Central 495. Hide-Off,
215-275 lb: North East none; North Cen
tral 223-225.00.
CONTRACT INFORMATION: Hot
Basis, Hide-Off, as of June 13, 2002 -
Contract calves slaughtered this week:
209-215.0< i Packers calling market
205-210.00. Future contracts offered for
late October and early November Firm
Bottom 212-218.00. Firm Top 225-232.00.
Firm Bottom, Open Top 215-220.00. Firm
Bottom 215.00; Split Top 230.00.
•North Central - OH, IN, 11, MI & WI.
•Northeast - MA, MD, PA, NY, NJ, DE,
CT&VT.
WEEKLY DISTRIBUTIVE, LESS
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Laceyville, PA 570-869-2407
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THAN CARLOT, EAST COAST AREA
VEAL CUTS TRADE, SPECIAL FED:
Market for Tuesday, June 18 Com
pared to last week: Distributive special
fed veal cuts are trading steady to weak
and occasionally lower. Movement is sea
sonally slow on light to mostly moderate
offerings and a mostly light to moderate
demand.
Prices per CWT: Carcass, hide off
200-250 lb 240-255.00; Foresaddles 85-110
lb 165-190.00; Kosher Foresaddles 90-110
lb 195-200.00; Hindsaddles 85-115 lb
305-330.00; Loins, regular 17-25 lb
280-315.00; Loins, 4x4 trmd 12-18 lb
400-495.00; Hotel Racks, 8 rib 15-21 lb
400-475.00,7 rib 14-20 lb 430-525.00,6 rib
13-17 lb 495-600.00; Chuck, square cut
36-47 lb 110-140.00; Shoulder, full 14-20
lb 140-175.00; Legs, double 70-90 lb
310-325.00, TBS 3-piece 24-32 lb
650-680.00, BHS heel-out 27-35 lb
450-525.00; Top Round, trmd, cap-off
8-10 lb 925-1025.00; Breast 10-12 lb
75-95.00; Necks, bone-in 24-28 lb
120-130.00; Stew Meat, regular
200-250.00; Boneless Trimmings 75-80%
lean 68-77.00; Heavy Nature Green
Hides, per piece 39-43.00.
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Sheep and Goats
Direct Buying Market
Nashville, Tenn.
June 19,2002
Report Supplied By USDA
Possum Hollow Sheep and Goat Direct
Buying Market at McMinnville, Tenn.
Prices as of 6/19/02. Estimated receipts
this week 1,500; last week 1,930; last year
1,300. Lambs 40-60 lbs 5.00 lower, over 60
lbs steady. Kid goats 4-8.00 lower; nan
nies 1-2.00 lower; billies steady. Goats
sold per head or per hundred weight, ac
tual or estimated.
SHEEP: SLAUGHTER LAMBS: Good
and Choice 40-60 lb 60-70.00; 60-80 lb
60-65.00; 80-110 lb 60-65.00; 100-120 lb
60-65.00. FEEDER LAMBS: 40-60 lb
55-60.00; 60-80 lb 55-60.00. SLAUGH
TER EWES & RAMS; All Wts. 23-28.00.
GOATS; KIDS: Selection 2: 30-45 lb
68-72.00; 50-70 lb 75-80.00. Selection 3:
30-45 lb 60-65.00; 50-70 lb 80-83.00.
BOER CROSS KIDS: Selection 1-2,30-45
lb 68-72.00; 50-70 lb 75-80.00. DOES/
NANNIES: Selection 2, Choice 60-85 lbs
47-50.00; 85 Ib/up 45-48.00; Selection 3,
all wts. 36-40.00. BUCKS/BILLIES:
75-110 lb 60-68.00; 110 Ib/up 60-68.00.
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Weekly Dairy Market Outlook
(Continued from Page Al 6)
formula for the federal order
Class IV price at 3.67 percent
butterfat:
A CCC purchase price of $O.BO
per pound for nonfat dry milk
will result in a CCC purchase
price of $1.05 per pound for but
ter. A CCC purchase price of
$0.70 per pound for nonfat dry
milk will result in a CCC butter
purchase price of $1.24 per
pound.
So here is my logic. Lowering
the CCC purchase price of non
fat dry milk through a new tilt
will not reduce USDA purchases
of surplus powder in the U.S.,
and it will not encourage addi
tional commercial exports of non
fat dry milk. The global market
for nonfat dry milk is like the
U.S. market, weak and full to the
brim!
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Somerset, PA 15501
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MARYLAND
Lancaster Farming, Saturday, June 22, 2002-A2l
The only logical result from a
new tilt would be that USDA
would have to start purchasing
surplus butter from the market.
Surely it is more expensive to
store butter than it is to store
nonfat dry milk! So in the short
run, at least through the spring
and early summer, a butter-pow
der tilt would actually increase
the cost of operating the dairy
price support program.
USDA could consider a new
tilt when butter starts getting
above $1.20 per pound, but that
would not occur until later in the
fall, if at all. By then, we’d al
ready be into the fall Congres
sional elections and that may
not be a good time to potentially
lower farm gate milk prices!
Now, USDA might think differ
ently than I do, and I could be
wrong, but my guess is that a
butter-powder tilt is not likely to
occur this year.
U. S. Milk Production
Up 3.2 Percent In May
Washington, D. C. June 17,2002
Report Supplied By NASS/USDA
WASHINGTON, D. C. Milk production in the 20 major
States during May totaled 13.0 billion pounds, up 3.2 percent
from May 2001. April revised production, at 12.6 billion
pounds, was up 3.3 percent from April 2001.
The April revision represented an increase of 0.3 percent or
42 million lbs from last month’s preliminary prod, estimate.
Production per cow in the 20 major States averaged 1,681
pounds for May, 49 pounds above May 2001.
The number of milk cows on farms in the 20 major States
was 7.76 million head, 14,000 head more than May 2001, and
9,000 head more than April 2002.
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