Al6-Lancaster Farming, Saturday, December 7, 2002
GRAIN, CATTLE, HOG,
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, December 5, 2002
Com
12/04/02
12/05/02
12/05/02
12/05/02
12/05/02
*CASH*
DEC 02
MAR 03
MAY 03
JUL 03
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
SEP
DEC
MAR
MAY
JUL
DEC
Total
12/04/02
Soybeans
12/04/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
*CASH*
JAN 03
MAR 03
MAY 0 3
JUL 03
AUG 03
SEP 03
NOV 03
JAN 04
MAR 04
NOV 04
Total
12/04/02
Soybean Meal _ . v
J Open High
12/04/02 *CASH* 16400
12/05/02 DEC 02 1645 1647
12/05/02 JAN 03 1656 1662
12/05/02 MAR 03 1655 1657
12/05/02 MAY 03 1640 1643
12/05/02 JUL 03 1628 1630
12/05/02 AUG 03 1605 1605
12/05/02 SEP 03 1565 1570
12/05/02 OCT 03 1530 1535
12/05/02 DEC 03 1533 1535
12/05/02 JAN 04 1530 1530
12/05/02 MAR 04 1532 1532
12/05/02 MAY 04 1532 1532
12/05/02 JUL 04 1532 1532
12/05/02 DEC 04 1600 1600
Total
12/04/02
East Fluid Milk
And Cream Review
Madison, Wis.
December 4,2002
Report Supplied by USDA
Spot prices of class II cream, dollars
per lb. butterfat: F. 0.8. producing plants;
Northeast; 1.4065-1.5284 Delivered
Equivalent; Atlanta: 1 4287-1.5284 mostly
1.4398-1.4619.
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; In - 26,
Out 0; last week: In 55, Out 0, last year
In 25, Out 0. SOUTHEAST STATFS:
This week' In 0, Out 0, last week In 0.
Out 0: last year In 14, Out 0
fhe following arc the November 2002
Class and component prices under (he
federal Milk Order pricing system C lacs
II $ll 26 (up $0 14 from Octobci), C lass
111 $9 84 (down $0 88), and Class l\
$lO 58 (up $008) The tallowing aic the
product price averages used in computing
Class prices butter $1 0107, NDM
Open
2370
2392
2406
2430
2412
2410
2464
2464
2500
2400
Volume Open_lnt
73650 461125
High
5545
5684
5644
5564
5524
5430
5250
5110
5074
5114
4880
Open
5640
5600
5520
5480
5414
5250
5090
5074
5114
4880
Volume Qpen_lnt
50920 214000
Volume Open_lnt
28708 139854
$0.9177, cheese $1 1111, and dry whey
$0.2223. The Class II butterfat price is
$1.0993 and the Class 111/IV butterfat
price is $1.0923.
Milk production is steady to slightly
higher in the Northeast, generally higher
in the Southeast. Florida's output is re
ported to be rising rather significantly
and their need for milk is easing enough
that they may be balanced in the next
week or two. Also, Florida's bottled milk
sales are not as brisk as they were last
week.
Fluid milk supplies are still reported as
light, occasionally tight. Class I demand
is improving in much of the Middle At
lantic and Northeast parts of the region.
Bottlers there are very busy. Not only did
they have to refill the school lunch pipe
line, but the threat of a major snow storm
has retailers adding to their orders and
bottlers are having a hard lime keeping
up with all the new demand In instances,
bottlers ran out of milk and othcis mav
not get all they have urdcicd Storm-in
duced panic buying is a incurring phe
nomenon for this pa l l ot the country
Sales of bottled milk bread and othci
food staples spike pnor to predicted
storms and then usually drop to almost
High
2416
2374
2392
2410
2432
Low
2416
2332
2350
2372
2400
2420
2412
2464
2464
2500
2400
2392
2386
2442
2464
2474
2390
Low
5545
5564
5526
5456
5430
5354
5214
5034
5074
5114
4850
Low
16400
1620
1631
1630
1619
1613
1585
1560
1525
1520
1525
1525
1530
1525
1600
Chge
+ 20
-36
-32
-26
-26
Last
2416
2340
2360
2382
2406
-24
-32
-30
-30
-26
-10
2400
2390
2442
2464
2474
2390
Chge
unch
-42
-40
-32
-30
-34
-34
-40
-36
-34
-32
Last
5545
5620
5586
5506
5472
5374
5214
5050
5074
5114
4850
Chge
Last
16400
1630
1643
1644
1632
1626
1599
1561
1527
1530
1525
1525
1532
1532
1600
-25
-21
-21
-16
-13
-8
-8
-12
-8
-5
unch
-7
-3
-3
unch
nothing while the pre-storm purchases are
consumed. Surplus milk volumes are
lighter and most contacts report little or
no difficulty clearing the Thanksgiving
milk. The balancing plants in the South
east are back to little pre-Thanksgiving
levels and some are again shut down.
The condensed skim market is steady
with prices unchanged. Demand for wet
solids is steady. The fluid cream market is
getting back to normal. Demand is fair to
good and multiples range from steady to
slightly higher. Cream prices are moder
ately higher due to a 2.33-cent increase in
last week’s CME butter average. Ice
cream producers are getting back on line,
but a few continue to be down this week.
Others are running rather heavy so they
can shut down during the year-end holi
days. Eggnog production is starting back
up at some locations and most producers
will be back on line this weekend Bottled
cream, dips, and sour cream output is in
creasing to meet anticipated holiday
needs Cream cheese production is mod
erate and some producers are taking a
few spot loads in addition to their con
tracted volumes C horning is moderate to
heavy, heaviest mu the hohdav weekend
Cream suppliers arc gelling outlets lined
up for iatc-Deccmbei and early lanuary
Lean Hogs
Date
"CASH*
Dec 02
Feb 03
Apr 03
May 03
Jun 03
Jul 03
Aug 03
Oct 03
Dec 03
12/04/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
Composite Volume Open_lnt
12/04/02 11321 52285
Live Cattle
Date
12/04/02 *CASH* 0 720072007200 -81
12/05/02 Dec 02 7545 757575377562 unch
12/05/02 Feb 03 7922 796579077952 +2O
12/05/02 Apr 03 7830 786578207862 +2
12/05/02 Jun 03 7250 728572357282 +7
12/05/02 Aug 03 7130 714071007130 unch
12/05/02 Oct 03 7230 727072307250 +2O
Composite Volume Open_lnt
12/04/02 15343 128093
Pork Bellies
Date
12/04/02 *CASH* 0 800080008000 unch
12/05/02 Feb 03 8520 858784658580+100
12/05/02 Mar 03 8425 8475 83908475 +125
12/05/02 May 03 8500 856085008530 +BO
12/05/02 Jul 03 8680 871086058665 +lO
12/05/02 Aug 03 8530 853085308530 +3O
Composite Volume Open_lnt
12/04/02 476 2365
Oats
12/04/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
12/05/02
*CASH*
DEC 02
MAR 03
MAY 03
JUL 03
SEP 03
DEC 03
MAR 04
Total
12/04/02
Dairy Products
Prices Highlights
Washington, D. C.
November 29, 2002
Report Supplied By NASS/USDA
DAIRY PRODUCTS PRICES HIGH
LIGHTS;
CHEDDAR CHEESE prices received
for US 40 pound Blocks averaged $l.OB
per pound for the week ending November
23. The price per pound decreased slight
ly from the previous week. The price for
US 500 pound Barrels adjusted to 38 per
cent moisture averaged $1.07 per pound,
up 0.9 cents from the previous week.
BUTTER prices received for 25 kilo
gram and 68 pound boxes meeting USDA
Grade AA standards averaged $1.02 per
pound for the week ending November 23.
The U S price per pound increased 2.1
cents from the previous week
NONE AT DRY Mil K prices rescued
tor bag, tote and tanker sales meeting
USDA Extra Grade or USPH Grade A
standards axeraged 91.9 cents pel pound
for the week ending Novemhei 23 The
U S price per pound increased 0 4 cents
from the pi ex ions week
DRY WhEY puces leccixed foi hag
u - . 1 , Previous Previous
Open High Low Last Chge Vo|umeopen ln ,
0 0
4515 13573
4866 24009
1373 7021
158 1744
270 3846
103 1178
24 762
7 127
5 25
0 438443844384
4640 466045954642
5460 549554025480
5950 601259005987
6250 630062456287
6622 667566156675
6355 638063306380
6055 612060306107
5250 529052455272
5180 519751505197
„ , ¥ Previous Previous
Open High Low Last Chge Vo|ume Qpen Jnt
0 0
6019 19588
5302 55409
2724 29442
910 17710
316 5257
72 687
~ ... . . . Previous Previous
Open High Low Last Chge Vo|umeopen
0 0
330 1979
56 205
15 68
75 99
0 13
High
2192
2040
2050
1980
1800
1540
1550
1580
Open
2040
2050
1980
1800
1540
1550
1580
Volume Openlnt
1060 6367
Last
2192
1990
2032
1950
1792
1540
1550
1580
Low
2192
1984
2012
1944
1792
1540
1550
1580
tote and tanker sales meeting USDA
Extra Grade standards averaged 22.7
cents per pound for the week ending No
vember 23. The U.S. price per pound in
creased 0.5 cents from the previous week.
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
Corn, No 2y 3 02 bu , 5.40 cwt.
Wheat, No 2 3 50 hu , S 84 cwt
Barley, No 3 2 06 hu , 4 40 cwt
Oats, No 2 1 87 hu , 5 81 cwt
Soybeans, No 1 5 71 hu , 9 53 swt
harCorn 85 13 t0n.426 cwt
Alfalta Hay 138.00 ton. 6 9 cwt
Mixed Hav 135 00 ton, 6 75 cwt
- -timuxlivJLiv oci
Chge
-2
-36
-14
-24
-6
-2
unch
unch