Al6-Lancaster Farming, Saturday, November 23, 2002
GRAIN, CATTLE, HOG,
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, November 21, 2002
Com
11/20/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
♦CASH*
DEC 02
MAR 03
MAY 03
JUL 03
SEP 03
DEC 03
MAR 04
MAY 04
JUL 04
DEC 04
Total
11/20/02
Soybeans
11/20/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
*CASH*
JAN 03
MAR 03
MAY 03
JUL 03
AUG 03
SEP 03
NOV 03
JAN 04
NOV 04
Total
11/20/02
Soybean
Meal
11/20/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
♦CASH - *
DEC 02
JAN 03
MAR 03
MAY 03
JUL 03
AUG .03
SEP 03
OCT 03
DEC 03
JAN 04
MAR 04
DEC 04
Total
11/20/02
East Fluid Milk
And Cream Review
Madison, Wis.
November 20,2002
Report Supplied by USDA
Spot prices of class II cream, dollars
per lb. butterfat: F. 0.8. producing plants:
Northeast: 1.3255-1.4260. Delivered
Equivalent: Atlanta; 1.3456-1.4561 mostly
1.3657-1.4059.
PRICES OF CONDENSED SKIM,
dollars per lb. wet solids, F. 0.8. produc
ing plants: Northeast: Class 11, includes
monthly formula prices; .9850-1.0300;
Class 111 - spot prices - .8700-.9400.
SPOT SHIPMENTS OF GRADE A
MILK: FLORIDA: This week - 132, Out
0; last week - In 130, Out 0; last year - In
4, Out 0. SOUTHEAST STATES: This
week - In 0, Out 0; last week - In 0, Out 0;
last year - In 14, Out 0.
During October, milk production in the
20 major states totaled 11.75 billion
pounds, up 2.3% from October 2001. The
following are the October-to-October
changes hr selected states: Texas * .6%,
New York 1 .5%. Virginia 1 J%, Pennsyl-
Open
Volume Open_lnt
107421 500588
High
5660
5760
5722
5640
5590
5490
5254
5114
5110
4870
Open
Volume Qpen_lnt
52483 207496
High
16450
1690
1699
1699
1684
1672
1652
1610
1565
1555
1548
1549
1600
Open
Volume Qpen_lnt
31711 140744
vania -1.1%, Vermont -1.8%, Florida
-2.4%, and Kentucky -4.6%.
Heavy rainfall, ice, and snow covered
much of the East this past weekend. Ice
storms in parts of New England caused
widespread power outages and many
areas were still without electricity at mid
week. This is having some impact on
transportation schedules and retail sales.
Milk production is steady in the North
east to slightly higher in the Southeast
where heavy rains have retarded gains
seen in past weeks. Contacts in the North
east report that fat tests on incoming milk
are starting to increase, but increases in
protein levels are slower to recover. This
is probably due to feed quality currently
available in this part of the country. The
need for milk in Florida and the rest of
the Southeast is steady to improved.
Bottlers in all parts of the region are
going ‘full Hit” to cover Thanksgiving
week orders. If history has any bearing,
battlers wffl al but dwt down early next
week until the paat-Tkanksghing week
end. ftacaaae trf the narrating bottßag
•tkadulas, fbdd adkt are repeat-
Last
16450
1669
1679
1679
1668
1657
1640
1603
1556
1554
1548
1549
1600
LOW
16450
1665
1673
1674
1665
1655
1639
1600
1555
1550
1548
1549
1600
Chga
+2
unch
unch
Chge
unch
-62
-60
-54
-56
-64
-34
-14
-20
-2
+1
unch
ed as tight in the Northeast. Some sup
pliers are buying milk form other regions
to supplement local supplies. Manufactur
ing plant contacts report relatively light
schedules, but expect to “crank it up”
early next week when more milk is avail
able.
The condensed skim market is little
changed and offerings are adequate to
meet most needs. The fluid cream market
is firm and prices are about steady. Fol
lowing USDA’s announcement of the in
crease for the support purchase price of
butter, cream buyers are ordering heavier
before new prices go into effect Early
week CME trading did see the butter
price jump five cents. Buyers, particularly
those that purchase on the previous
week’s average, are hying to beat that in
crease. Demand is good and prices are ba
sically unchanged. Usage in egg nog, sour
cream, dip, and bottled cream are all up
seasonaly. Cream cheese production is
steady, ice deans output has been fiririy
heavy, hut some producers will be down
fat the list Thankagivmg week. Churn
ing teft|M»y msdsrats to heavier where
Lean Hogs
Date
11/20/02 *CASH* 0413141314131
11/21/02 Dec 02 4610461544854490
11/21/02 Feb 03 5385 544052705275
11/21/02 Apro3 5790 583557105715
11/21/02 May 03 6185 619761506190
11/21/02 Jun 03 6450 646764106432
11/21/02 Jul 03 6187 619761456175
11/21/02 Aug 03 5950 597059205925
11/21/02 Oct 03 5230 527052155215
11/21/02 Dec 03 5190 519051905190
Composite Volume Open_lnt
11/20/02 9910 45351
Live Cattle
Date
11/20/02 *CASH* 0 690069006900 unch
11/21/02 Dec 02 7400 7437 7392 7422 unch
11/21/02 Feb 03 7790 782577657820 +25
11/21/02 Apr 03 7705 771576757712 unch
11/21/02 Jun 03 7072 709570407092 +lO
11/21/02 Aug 03 6900 692568806920 +l3
11/21/02 Oct 03 7005 701069957010 +5
Composite Volume Open_lnt
11/20/02 20057 122072
Pork Bellies
Date
11/20/02 *CASH* 0 760076007600 unch
11/21/02 Feb 03 8370 843082458250 -107
11/21/02 Mar 03 8305 835581808180 -70
11/21/02 May 03 8450 848082608260 -50
11/21/02 Jul 03 8355 855083558462+212
11/21/02 Aug 03 8000 812080008120+300
Composite Volume Open_lnt
11/20/02 1087 2188
Oats
11/20/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
11/21/02
‘CASH*
DEC 02
MAR 03
MAY 03
JUL 03
SEP 03
DEC 03
MAR 04
Total
11/20/02
Dairy Products
Prices Highlights
Washington, D. C.
November 15,2002
Report Supplied By NASSfUSDA
DAIRY PRODUCTS PRICES HIGH
LIGHTS:
CHEDDAR CHEESE prices received
for US 40 pound Blocks averaged $1.14
per pound for the week ending November
9. The price per pound decreased 4.6
cents from the previous week. The price
for US 500 pound Barrels adjusted to 38
percent moisture averaged $1.06 per
pound, down 4.2 cents from the previous
week.
BUTTER prices received for 25 kilo
gram and 68 pound boxes meeting USDA
Grade AA standards averaged $98.9 per
pound for the week ending November 9.
The U.S. price per pound decreased 3.7
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 91.9 cents per pound
for the week ending November 9. The
U& price per pound increased 0.2 ceirts
from the previous week.
DRY WHEY prices received for bag.
tote and tanker sales matin USDA
flagdo standards avwagsd 22.5
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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 3.03 bu., 5.43 cwt
Wheat, N 0.2 3.63 bu., 6.07 cwt
Barley, N 0.3 —1.99 bu., 4.26 cwt.
Oats, N 0.2 —1.84 bit, 5.74 cwt
Soybeans, No.l 5.71 bit, 9.53 cwt
Ear C0m—84.20 ton, 4.21 cwt
AMrifa Hay —135.00 ton, 6.75 cwt.
Mtmtmv 131.25 tan, 456 cwt
(Mhflh)' —13OJ0 taw, 6153 cart