Al6-Lancaster Farming, Saturday, December 21,2002
GRAIN, CATTLE, HOG,
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, December 19, 2002
Com
12/18/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
*CASH*
MAR 03
MAY 03
JUL 03
SEP 03
DEC 03
MAR 04
04
04
04
MAY
JUL
DEC
Total
12/18/02
Soybeans
12/18/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
*CASH*
JAN 03
MAR 03
MAY 03
JUL 03
AUG 03
SEP 03
12/19/02
12/19/02
12/19/02
12/19/02
NOV
JAN
MAR
NOV
Total
12/18/02
Soybean Meal
12/18/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
*CASH*
JAN 03
MAR 03
MAY 03
JUL 03
AUG 03
SEP 03
OCT 03
DEC 03
JAN 04
MAR 04
MAY 04
JUL 04
DEC 04
Total
12/18/02
Dec. 13,2002 va is a small country between Ro-
GREETINGS FROM MOLDO- mania and Ukraine. lam working
VA with a small dairy cooperative in a
• Cheese market remains weak. remote rural village.
• Butter holding steady. First ’ th u e U.S. markets for daily.
. Market awaitine new rennrt. Not mUch ha PP ened last week.
® ' USDA reported cheese demand for
Greetings from Moldova. I m holiday purchases has begun to
doing volunteer work in this for- e ase. Barrels held steady at $1 per
mer USSR country as part of a pound and blocks showed signs of
< ’NFA (Citizen’s Network for For- ' weakness. Butter prices held steady
eign Affairs) Agribusiness project at $l.ll per pound despite the e\-
,:) f W Wtt'-lKesk . cburmne^KUvjty.
Open
2404
2426
2454
2430
2416
2470
2490
2504
2400
Volume Open_lnt
28232 445918
Open
5610
5564
5510
5490
5414
5270
5094
5130
5150
4852
03
04
04
04
Volume Open_.lnt
83912 216993
Open High
16250
1648
1643
1632
1628
1607
1585
1543
1535
1530
1540
1565
1565
1595
1639
1630
1625
1622
1602
1573
1540
1530
1530
1540
1560
1565
1595
Volume Qpen_lnt
29534 143299
High
2440
2410
2436
2464
2434
2422
2472
2490
2504
2400
Low
2440
2386
2414
2444
2422
2400
2460
2490
2494
2396
High
5495
5660
5616
5544
5530
5430
5274
Low
5495
5602
5560
5500
5476
5410
5250
5082
5130
5150
4852
5134
5130
5150
4852
Low
16250
1635
1628
1621
1621
1599
1571
1535
1528
1530
1540
1555
1565
1595
Chge
+ 16
-2
+ 2
unch
-6
-2
-2
unch
unch
+ 2
Last
2440
2396
2424
2450
2422
2412
2466
2490
2500
2396
Chge
-113
+ 34
+ 36
+ 26
+ 12
Last
5495
5636
5592
5522
5492
5412
5250
+ 6
+ 30
+ 22
5100
5130
5150
4852
+ 20
+ 20
unch
Chge
-100
+ 7
+ 8
+ 9
Last
16250
1640
1635
1630
1626
1603
1580
1536
1534
1530
1540
1555
1565
1595
+ 4
+ 10
+ 3
+ 4
+ 7
unch
unch
+ 8
and a slow down in holiday buying.
The market is basically awaiting
two very important reports next
week. The milk production report
will be released Monday. It will
give us direction for cow numbers
on U.S. dairy farms. Are they still
increasing or are they starting to
decline? Also, the Cold Storage re
port will be released on Friday.
This may give us some idea how
demand for butter and cheese is
doing. Low inventories will imply
strong holiday buying.
I’m here in Moldova developing
a marketing plan for a new one
year-old dairy cooperative in a re
mote rural village in Ignatei, which
is in northeast Moldova. The Vita-
Lact Dairy Cooperative is a very
new concept for this former USSR
country, especially in the village.
They are making good progress,
though. Right now the villagers are
producing about one fourth the
level of milk production in the U.S.
So much can be done here. They
received their monthly milk check
the other day. The average check
was 180 lei, or about $l3 in our
currency. This is hard cash and is a
. big -eoatributioiv -to -these -people.,.
Lean Hogs
Date
12/18/02 *CASH*
12/19/02 Feb 03
12/19/02 Apr 03
12/19/02 May 03
12/19/02 Jun 03
12/19/02 Jul 03
12/19/02 Aug 03
12/19/02 Oct 03
12/19/02 Dec 03
12/19/02 Feb 04
Composite Volume Open_lnt
12/18/02 5374 37047
Live Cattle
Date
12/18/02 *CASH* 0 719171917191 unch
12/19/02 Dec 02 7335 743773357410 +3B
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
Feb 03 7800 787778007857
Apr 03 7725 778077207770
Jun 03 7110 718571057180
Aug 03 6937 700069356997
Oct 03 7095 7120 7095 7102
Composite Volume Open_lnt
12/18/02 12629 110883
Pork Bellies
Date
12/18/02 *CASH* 0 800080008000+200 0
12/19/02 Feb 03 8432 868083428575 +143 269
12/19/02 Mar 03 8212 8545 82008405 +l4O
12/19/02 May 03 8400 8605 8385 8555 +125
12/19/02 Jul 03 8410 864084108610+130
12/19/02 Aug 03 8550 855085008500+110
Composite Volume Open_lnt
12/18/02 346 2527
Oats
*CASH*
MAR 03
MAY 03
JUL 03
SEP 03
DEC 03
MAR 04
12/18/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
12/19/02
Total
12/18/02
CNFA, whom I’m working with, is
a USD A AID funded project.
I’m spending about half my time
in the capital city of Chrisinau and
half in the village. Before anyone
asks how my European vacation is
going, understand this. It is about
8-10 degrees Fahrenheit here,
which is very cold! The farm house
I’m staying in is heated with wood
and coal. However, they don’t start
the fire until about 4 p.m. That’s
because they work all day on the
farm and really aren’t cold. All the
water is hand-drawn from a well.
The bread, cheese, sausage and
meat, and canned foods are all
made at home.
All the animals are fed by hand.
Need some corn to feed livestock?
Well, you’ve got to head for the
com crib and then remove the ker
nels by hand. I’m helping with the
farm chores while in the village.
While I'm very cold, 1 am enjoying
myself. And we are making excel
lent progress with the village coop
erative. I’ll be making a presenta
tion on the marketing plan to the
coop board next week.
If the technology works, I’ll be
updating you again from Moldova
,
~ , t . Previous Previous
Open High Low Last Chge Vo|ume open , nt
0 0
3550 20192
1439 7532
52 1992
213 4616
64 1438
41 968
10 239
2 68
0 438543854385 +lll
5075 5217 50655190 +6B
5590 571555755707 +75
6090 616060606160 +55
6310 644263006435 +7B
6055 616060556132 +57
5860 590058425900 +5O
5220 524052155230 +l3
5105512050905102 unch
5400 540054005400 +5O
„ , i Previous Previous
Open High Low Last Chge ~ , ~ . .
r Volume Openjnt
0 0
1949 5698
Open High Low Last Chge Vo|ume Qpen |n ,
High
2192
2080
1982
1790
1540
1570
1580
Open
2080
1970
1770
1540
1570
1580
Volume Qpon_lnt
835 5786
7058
1706
1690
181
44
+32
+45
+5O
+62
+42
Previous Previous
52
n
Last
2192
2076
1980
1782
1540
1570
1580
Low
2192
2054
1964
1770
1540
1570
1580
Average Farm Feed
Costs for Handy
Reference
To help farmers across the state to have
handy reference of commodity input costs
m 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 2.99 bu., 5.35 cwt.
Wheat, N 0.2 3.43 bu., 5.73 cwt.
Barley, No 3 2.02 bu., 4.33 cwt.
Oats, N 0.2 1 92 bu., 5.98 cwt.
Soybeans, No 1 5 64 bu , 9.42 cwt
Ear Corn 84 41 ton, 4.22 cwt.
Alfalfa Hay 142.50 ton, 7.13 cwt.
Mixed Hay 135.00 ton, 6 75 cwt.
Timothy Hay 135.25 ton, 6.76 cwt.
51682
29367
17732
5351
1053
0
2055
243
107
109
13
Chge
+32
+ 34
+2O
+2O
+4
+2O
+2O