Al6-Lancaster Farming, Saturday, July 13, 2002
GRAIN, CATTLE, HOG,
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, July 11, 2002
Com
07/10/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
*CASH*
JUL 02
SEP 02
DEC 02
MAR 03
MAY 03
JUL 03
SEP 03
DEC 03
MAR 04
JUL 04
DEC 04
Total
07/10/02
Soybeans
07/10/02
07/11/02
07/11/02
07/11/02
*CASH*
JUL 02
AUG 02
SEP 02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
Total
07/10/02
Soybean Meal open nigh
07/10/02 *CASH* 18950
07/11/02 JUL 02 1920
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
JUL
AUG
07/11/02
07/11/02
07/11/02
SEP
OCT
DEC
Total
07/10/02
Weekly Dairy Market Outlook
Ken Bailey
Penn State
July 5,2002
Penn State, Cornell Announce
A Satellite Downlink
• Overview of the 2002 Farm
Bill
• Emphasis on dairy provi-
sions
• DOPP IV program starts at
11 am
Faculty from Penn State and
Cornell are teaming up to deliver
a satellite downlink program on
August 6th from 9 am to 3:30
pm. The program will discuss the
dairy, grain and conservation
provisions of the 2002 Farm Bill,
and deliver Round IV of the
Dairy Options Pilot Program
(DOPP).
This will be an excellent oppor
tunity for people to get an over-
Open
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03
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Volume Open_lnt
42468 143222
view of the new Farm Bill. The
farm bill discussion will be from
9:00 am until 10:50 am.
The farm bill portion of the
program will focus on the dairy
provisions in the farm bill, in
cluding a discussion of the EQIP
program. There will also be a
brief overview of the grain pro
gram and crop insurance.
The DOPP program will begin
at 11:00 am and will last until
3:30 pm. There will be a one-hour
break for lunch. Topics to be cov
ered include an overview of dairy
risk management tools and op
tions, and a discussion of the
DOPP program rules. The pro
gram will end with a simulation
game designed to help partici
pants understand the program.
Personnel from USDA’s Risk
Management Agency will be on
High
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Low
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High
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1873
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1853
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1713
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1686
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Chge
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+ 10
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hand for questions from the audi
ence.
A total of 50 counties in New
York and Pennsylvania (25 each)
are eligible to participate in this
unique program. The program
will provide farmers that partici
pate a unique experience in
learning how to use the futures
markets to lock in favorable milk
prices.
Individuals that want to attend
this satellite conference have a
number of locations to choose
from. Currently 25 sites in New
York and 18 sites in Pennsylva-
to farmers, AgrtUtch: Emerging Technologist In Agribusiness.
The business news-related department focuses on technologies
emerging with agri-industry, including new products and
systems for production agriculture. See page 827.
Lean Hogs
Date
07/10/02 *CASH*
07/11/02 Jul 02
07/11/02 Aug 02
07/11/02 Oct 02
07/11/02 Dec 02
07/11/02 Feb 03
07/11/02 Apr 03
07/11/02 May 03
07/11/02 Jun 03
07/11/02 Jul 03
Composite Volume Open_lnt
07/10/02 8855 28206
Live Cattle
Date
07/10/02 *CASH* 0 620062006200 -100
07/11/02 Aug 02 6387 653563876527 +142
07/11 /02 Oct 02 6650 6790 6650 6770 +l2O
07/11/02 Dec 02 6757 686567576860 +lOB
07/11/02 Feb 03 6875 698568756980 +lOO
07/11 /02 Apr 03 6940 7025 6940 7022 +BO
07/11/02 Jun 03 6530 659565306585 +65
07/11/02 Aug 03 6630 663066306630 unch
Composite Volume Open_lnt
07/10/02 13840 90921
Pork Bellies
Date
07/10/02 *CASH* 0 820082008200 +4OO
07/11/02 Jul 02 7670 787576607815 +125
07/11/02 Aug 02 7310 754073057457 +lBO
07/11/02 Feb 03 6450 654064406490 +4O
07/11/02 Mar 03 6350 635063506350 +lOO
07/11/02 May 03 6350 635063506350 +2OO
Composite Volume Open_lnt
07/10/02 1200 2034
Oats
07/10/02
07/11/02
07/11/02
07/11/02
07/11/02
07/11/02
*CASH*
JUL 02
SEP 02
DEC 02
MAR 03
MAY 03
Total
07/10/02
nia will be hosting the satellite
downlink through local county
extension offices. Look for local
advertisements from your county
extension office.
For more information on the
satellite program, go to the fol
lowing website: http://
farmbill2oo2.aers.psu.edu/. The
satellite program will be available
on both KU and C bands. The
coordinates and other informa
tion regarding the program will
be posted to the PSU website.
„ T¥ . . T i Previous Previous
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4290 437042854360 +lOO
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Average Farm Feed
Costs for Handy
Reference
To help farmers across the state to have
handy reference of commodity input costs
in their feeding operations for DHIA re
cord sheets or to develop livestock feed
cost data, here’s last week’s average costs
of various ingredients as compiled from
regional reports across the state of Penn
sylvania.
Remember, these are averages, so you
will need to adjust your figures up or
down according to your location and the
quality of your crop.
Com, No.2y 2.44 bu., 4.37 cwt.
Wheat, N 0.2 2.7 bu., 4.51 cwt.
Barley, N 0.3 1.42 bu., 3.03 cwt.
Oats, N 0.2 1.86 bu., 5.80 cwt.
Soybeans, No.l 4.92 bu., 8.22 cwt.
Ear Corn 68.50 ton, 3.43 cwt.
Alfalfa Hay 115.00 ton, 5.75 cwt.
Mixed Hay 102.75 ton, 5.14 cwt.
Timothy Hay 102.65 ton, 5.13 cwt,
Chge
-60
+ 16
-14
-24
-42
-60