GRAIN, CATTLE, HOG.
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Wednesday, January 8, 2003
Com
01/07/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
*CASH*
MAR 03
MAY 03
JUL 03
SEP 03
DEC 03
MAR 04
MAY 04
JUL 04
DEC 04
Total
01/07/03
Soybeans
01/07/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
*CASH*
JAN 03
MAR 03
MAY 03
JUL 03
AUG 03
SEP 03
NOV 03
JAN 04
MAR 04
NOV 04
Total
01/07/03
Soybean Meal
*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
01/07/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
Total
01/07/03
Jan. 4,2003 get a more accurate read on trouble with the export
U.S. DAIRY TRADE weekly market activity at the Slde “ ** "° <?tegoiy
OUT OF BALANCE Chicago Mercantile Exchange amounted to the value of imports
jtv, -,/wv, ~ ~ , u i • o* cheese or casern. For example,
• W.rt, «e* L r lv double P ' “ “■»" categories for
imports were nearly double town. January through September 2002
exports. Last week’s Dairy Market were c heese and curd ($122.2
• Cheese category very strong. News, a weekly dairy publication miUkm), whey ($110.6 million),
• MFC imports less significant of USDA, had some interesting nonfat dry milk ($68.3 million).
Welcome to a new year! Mar- trade news for 2002. For the and ice cream ($61.7 million).
kfts will return to normal activity months trf January tjuaugh Sep- None of these categories comes
next weeldWfc'SftoJU&e idfe toiH ittMber, the
High
2460
2460
2486
2516
2484
2466
2520
2534
2544
2430
Open
2440
2464
2480
2454
2450
2502
2534
2540
2414
Volume Qpen_lnt
56080 444380
High
5735
5914
5850
5780
5740
5660
5472
5270
5270
5290
4932
Open
5884
5830
5770
5730
5654
5470
5270
5270
5290
4932
Volume Open_lnt
54738 212793
Open High
17000
1722
1736
1723
1704
1671
1633
1588
1578
1570
1585
1570
1560
1585
1721
1734
1720
1703
1666
1628
1588
1578
1565
1585
1550
1560
1585
Volume Open_lnt
29061 148750
Last
2460
2452
2476
2510
2474
2460
2512
2534
2542
2420
Low
2460
2422
2454
2480
2454
2444
2500
2534
2534
2410
Low
5735
5880
5806
5740
5696
5604
5420
5224
5270
5290
4932
Last
5735
5894
5820
5742
5700
5620
5420
5230
5270
5290
4932
Last
17000
1694
' 1714
1703
1684
1651
1618
1565
1555
1553
1570
1550
1550
1585
Low
17000
1685
1702
1695
1683
1650
1615
1565
1555
1553
1570
1550
1550
1585
imports was $1,187.S million,
compared to an export value of
$674.3 million. In other words, on
a dollar value basis, we imported
nearly double what we exported
during the first nine months of
2002.
The data shows that the single
largest category of imports in
2002 was cheese. On a dollar
basis, it accounted for nearly half
of all imports ($565.8 million).
That category was followed by
casein ($325.8 million) and then
Milk Protein Concentrates, or
MFCs ($91.6 million).
Lean Hogs
Date
01/07/03 *CASH*
01/08/03 Feb 03
01/08/03 Apr 03
01/08/03 May 03
01/08/03 Jun 03
01/08/03 Jul 03
01/08/03 Aug 03
01/08/03 Oct 03
01/08/03 Dec 03
01/08/03 Feb 04
Chge
+ 52
+ 52
+44
+46
+ 32
+22
+2O
+2O
+ 16
+2O
Composite Volume Open_lnt
01/07/03 8130 40775
Live Cattle
Date
01/07/03 *CASH* 0 740074007400
01/08/03 Feb 03 8175 820080958110
01/08/03 Apr 03 8000 801579107960
01/08/03 Jun 03 7235 724771427182
01/08/03 Aug 03 7030 704569456962
01/08/03 Oct 03 7230 724071507152
Chge
+3O
+42
+22
+ 6
+ 6
+22
+ 16
+2
+lO
+ 10
+26
Composite Volume Open_lnt
01/07/03 19058 113039
Pork Bellies
Date
01/07/03 *CASH* 0 750075007500 -600
01/08/03 Feb 03 8200 842082008390+155
01/08/03 Maro3 8140 836581308342 +192
01/08/03 Mayo 3 8320 842083058420 +lB5
01/08/03 Jul 03 8325 851083258500 +2lO
01/08/03 Aug 03 8125 8150 8125 8150 unch
Composite Volume Open_lnt
01/07/03 1204 2692
Oats
01/07/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
01/08/03
Total
01/07/03
~ U- ut t Previous Previous
Open High Low Last Chge Voh|me ope „
0 0
4969 18206
2382 10220
157 2507
371 6071
64 1659
110 1413
71 554
6 136
0 9
0 452845284528
5150523751505212
5735 585057355842
6250 628562356282
6350 641063356397
6150 618561206160
5950 596059155927
5387541553805410
5285531052805310
5532553255005532
„ IT . . T . . Previous Previous
Open High Low Last Chge v „|„ m e Openjnt
0 0
7705 51173
6666 37233
3625 17446
723 5769
336 1416
n ¥T . , , , .ol Previous Previous
Open High Low Last Chge v „| U me Openjnt
0 0
921 1796
159 416
Open
*CASH*
MAR 03
MAY 03
JUL 03
SEP 03
DEC 03
MAR 04
DEC 04
2076
2000
1806
1610
1590
1620
1000
Volume Qpen_lnt
800 6270
million of cheese and casein im
ports.
The National Milk Producers
Federation notes in their quarter
ly report Import Watch (http://
www.nmpf.org/files/
Import Watch
3rd-Quarter.pdf ) that imports
of American-type cheese for the
months January through Sep
tember 2002 grew 219 percent
and exceeded the safeguard trig
ger level. Their data indicates
these imports totaled 22,177 met
ric tons for this period. They
alerted USDA of this, and USDA
responded by slapping higher tar
iffs on American-type cheese im
ports. The impact of this, how
ever, may be limited since,
according to USDA numbers,
American cheese imports
amounted to just 14 percent of
total cheese imports during this
period by weight.
The other big surprise from Mixed Hay —l3B 75 ton > 694 cwt
Timothy Hay 135.00 ton, 6,75 cwfe/
-37
-32
-7
-33
-43
-58
High
2234
2140
2034
1870
1640
1600
1620
1000
Low
2234
2062
1986
1806
1610
1590
1620
1000
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 2.99 bu., 5.36 cwt,
Wheat, N 0.2 3.4 bu., 5.68 cwt.
Barley, N 0.3 2.08 bu., 4.46 cwt.
Oats, N 0.2 1.99 bu., 6.20 cwt.
Soybeans, No.l 5.69 bu., 9.49 cwt.
Ear Com 88.46 ton, 4.42 cwt.
Alfalfa Hay 140.50 ton, 7.03 cwt.
226
231
22
72
47
Chge
+24
+7O
+ 54
+ 72
+7O
+4O
+4O
Last
2234
2130
2030
1870
1640
1600
1620
1000