Lancaster farming. (Lancaster, Pa., etc.) 1955-current, July 13, 2002, Image 16
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 2206 2276 2374 2430 2472 2492 2410 2394 2470 2510 2416 Volume Open_lnt 85258 443461 Open 5900 5560 5334 5190 5204 5200 5184 5150 5020 4960 Volume Open_lnt 79289 212618 1900 1844 1770 1708 1685 1660 1655 1630 1630 1620 1615 1602 1600 03 03 03 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 2246 2206 2276 2374 2434 2472 2494 2420 2406 2470 2514 2424 Low 2246 2146 2224 2322 2386 2430 2462 2400 2380 2470 2510 2410 High 5550 5900 5574 5340 Low 5550 5730 5430 5214 5084 5110 5130 5120 5150 5020 4950 5210 5204 5210 5196 5210 5020 5010 Low 18950 1873 1813 1740 1675 1657 1658 1640 1630 1625 1620 1615 1602 1600 1853 1782 1713 1703 1686 1668 1655 1645 1630 1615 1602 1600 Chge -36 -60 -50 -46 -42 -36 -32 -2 +2 +4 +4 + 10 Last 2246 2160 2236 2336 2404 2442 2474 2410 2400 2470 2514 2420 Chge -65 -80 +34 +34 Last 5550 5764 5546 5324 5190 5196 5200 5192 5190 5020 4990 Last 18950 1915 1848 1774 1706 1691 1678 1661 1645 1643 1627 1615 1602 1600 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 Open High Low Last Chge Vo|ume ope „ 0 0 1041 1815 4804 11100 2447 8370 525 5854 28 827 7 122 1 19 1 79 1 20 0 529652965296 -30 5390 543053855395 +8 5140 518751005142 +57 4290 437042854360 +lOO 3942 404539424037 +lO7 4230430042254300 +75 4515 456045154550 +35 5290 530052855285 +l5 5525 554055255530 +2O 5537 554555155515 -5 „ T*. I.T T Previous Previous Open High Low Last Chge Vo|ume open |n| 0 0 8173 32950 4099 30945 1079 17855 344 5738 121 2880 24 550 0 3 _ . . ¥ Previous Previous Open High Low Last Chge Vo , ume Gpen 0 0 268 368 920 1481 12 179 0 3 0 3 High 1846 2200 1604 1596 1594 1600 Open 2186 1602 1596 1580 1600 Volume Open_lnt 1901 9438 Last 1846 2190 1582 1556 1586 1600 Low 1846 2150 1520 1510 1570 1600 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