AlB-Lancaster Farming, Saturday, February 1,2003
Daily National
Grain Market
Summary
St. Joseph, MO
January 29,2002
Report Supplied By USDA
The wheat story remained the same,
today, higher bids were due continued dry
weather in winter wheat growing areas.
Support also stemmed from indications
that CCC issued a 108 thousand ton ten
der of hard red winter wheat overnight.
Corn and soybean bids, however, moved
moderately to sharply lower on overnight
moisture in Argentina. Moisture is also
forecast for US areas with some warmer
temperatures by the weekend for some
places. Light profit taking was noted in
soybean pits and weakness in oil trade
drove soybean bids sharply lower. Wheat
1 to 2 cents higher. Corn 3 cents lower
Sorghum 5 cents lower. Soybeans 12 cents
lower.
EXPORT SALES: PURCHASER
COMMODITY TONNAGE DELIVERY
DATE Taiwan Corn 20,000 Feb-Mar Tai
wan Soybeans 15,000 Feb-Mar
THESE MAY NOT BE THE ONLY
EXPORT SALES THAT HAVE TRAN
SPIRED, BUT THEY ARE THE ONLY
SALES THAT COULD BE CONFIRM
ED TRUCK BIDS: o'/;8/03 O'/sO/
02 Wheat: Kansas City (HRW ORD) 3.80
up 1 2.80-2.83 Kansas City (HRW ORD)
3.79 correction for Tue 'ASIO3 Minneapo
lis (DNS) 4.16 Vi up % 3.28 A Portland
(SWW) 3.80-3.81 up 2-1 3.63-3.66 St.
Louis (SRW) 3.46 dn 4 2.87-2.88
Corn, US No 2 Yellow: Kansas City
2.39-2.42 dn 3 1.98-1.99 Minneapolis 2.16
Vi dn 3 1.87 So. lowa 2.25-229 dn 3-2 '/:
1.96-1.97 Omaha 2.27-2.28 dn 3 1.86-1.88
Soybeans, US No 1 Yellow: Kansas City
5.64-5.66 dn 12 4.20-4.21 Minneapolis
5 4] 'A dn 12 4.04 'A So. lowa 5.47-5.51 dn
13-12 4.22-4.23 Cent. II Processor 5.63 >A
-5.73 ‘A dn 10-12 4.27 V.-4.31 %
Minneapolis truck - to arrive 20 days
FUTURES: Kansas City (Mar) Wheat
3.49 '/> up 'A 2.83 Minneapolis (Mar)
Wheat 3.76 'A dn 4 'A 2.96 'A Chicago
(Mar) Wheat 3.13 dn 4 2.85 'A Chicago
(Mar) Corn 2.35 ■/: dn 3 2.06 Chicago
(Mar) Soybeans 5.61 'A dn 12 4.27 'A EX
PORT BIDS: Barge bids out of the Port of
New Orleans, or Rail out of the North
Texas Gulf. Bids per bushel, except sorg
hum per cwt.
US 1 HRW Wheat, Ord Protein: Rail
4.01 '/2-4.04 ‘/i up 1 '4-3 Vi 3.32-3.33 US 2
Soft Red Winter Wheat: Barge 3.75 dn
2-4 3.12 'MM 14 US 2 Yellow Corn
Barge 2.69 16-2.70 dn 1-1 '/: 2.29-2.30 US
2 Yellow Sorghum Rail 4.92-5.13 up 4-dn
2 4.21-4.30 Barge 5.10 dn 5 4.29-4.30 US
2 Yellow Soybeans Barge 6.11 14 dn 12-13
4.63 'A-4 65 14
Eastern Corn Belt
Direct Hogs
lies Moines, lowa
January 29,2003
Report Supplied By USD A
EASTERN CORN BELT
DIRECT DAILY HOGS,
for Wednesday, Jan. 29, as
of 1:30 p.m.
CURRENT VOLUME
TODAY: Producer Sold:
Negotiated Actual: 14,962;
Other Market Formula:
2,106; Swine or Pork Market
Formula: 33,853; Other Pur
chase Arrangement: 11,953:
Packer Sold (All purchase
types): Actual today: 1,304.
NEGOTIATED PUR
CHASES (Including packer
sold): BARROWS AND
GILTS: 10,797 head. Com
pared to prior day’s close,
.50 lower. Base Market Hog,
185 lb Carcass Basis, Plant
Delivered (.9-1.1 inch back
fat, 6 sq. in. loin/2.0 depth):
Range; $41.00 - 47.97, wtd.
avg. $45.32.
5 Day rolling Average
Market Hog (measurements
based on slaughter data sub
mitted): 194.40 lb carcass
based, plant delivered (0.76
inch backfat, 6.78 sq. inch
loin/2.26 inch loin depth)
FELL 51.04%; price range:
$44.52 - 52.32.
Purchase volume by state
of origin: Alabama 186;
Georgia 1,270; Illinois
16,878; Indiana 17,742;
Kentucky 1,904; Maryland
57; Michigan 5,480; New
York 548; North Carolina
5,428; Ohio 7,950; Pennsyl
vania 3,346; South Carolina
263; Tennessee 1,342; West
Virginia 65; Wisconsin
2,211.
Pa. Grain Report
January 27,2003
Report Supplied By PDA
Compared with last Monday’s market
for Eastern and Central Pennsylvania:
Com mostly .03 to .07 higher. Wheat firm
to .10 higher. Wheat firm to .10 higher.
Barley and Oats mostly steady with a
weak undertone. Soybeans steady to .15
higher. Ear Com mostly steady. Prices
paid delivered to dealers dock; all prices
per bushel, except Ear Corn per ton.
SOUTHEASTERN PENNSYLVANIA
CORN No. 2-y, 2.81-3.05, avg. 2.94;
contract for harvest 2.40-2.61. WHEAT
No. 2, 3.32-3.61, avg. 3.42, contract for
harvest 3.10-3.32. BARLEY No. 3,
2.25-2.60, avg. 2.48; contract for harvest
1.60-1.80. Oats No. 2. 2.20-2.25, avg. 2.23.
SOYBEANS 5.74-5.85, avg. 5.78; contract
for harvest 5.08-5.18 Gr. Sorghum, 2.66;
contract for harvest 2.36. Ear Corn
86-105.00, avg. 93.17.
SOUTH CENTRAL
PENNSYLVANIA
CORN No. 2-y, 2.88-3.05, avg. 2.93.
WHEAT No. 2, 3.10-3.33, avg. 3.16.
BARLEY No. 3, 1.90-2.30, avg. 2.09.
OATS No. 2, 1.85-2.30, avg. 2.09. SOY
BEANS 5.50-5.84, avg. 5.71. Gr. Sorg
hum, none. Ear Corn 83-100.00, avg.
90.43.
WESTERN PENNSYLVANIA
CORN No. 2, 2.52-2.95, avg. 2.90.
WHEAT No. 2, 3.00-3.20, avg. 3.10.
BARLEY No. 3, 1.90. OATS No. 2,
1.70-2.10, avg. 1.95. SOYBEANS No. 1,
5.20. EAR CORN 83-84.00, avg. 83.67.
CENTRAL PENNSYLVANIA
EAR CORN No. 2,2.84-3.05, avg. 3.00.
WHEAT No. 2, 3.00-3.30, avg. 3.10.
BARLEY No. 3, 2.00-2.25, avg. 2.08.
OATS No. 2, 1.80-2.20, avg. 1.98. SOY
BEANS, No. 1, 5.41-5.80, avg. 5.64. EAR
CORN 85-90.00, avg. 86.80.
LEHIGH VALLEY
CORN No. 2-Y, 2.88-3.00, avg. 2.98.
WHEAT No. 2. 3.40-3.69, avg. 3.55.
BARLEY, No. 3, 2.45-2.50, avg. 2.47.
OATS No. 2, 2.15-2.35, avg. 2.27. SOY
BEANS No. 1, 5.70-5.75, avg. 5.72. Grain
Sorghum 3.25-3.48, avg. 3.37. EAR
CORN 82-95.00, avg. 86.80.
EASTERN AND CENTRAL
PENNSYLVANIA
CORN No. 2-y, 2.81-3.05, avg. 2.96;
month ago 3.01; year ago 2.37. WHEAT
No. 2, 3.10-3.61, avg. 3.29; month ago
3.52; year ago 2.90. BARLEY, No. 3,
2.00- avg. 2.22; month ago 2.17; year
ago 1.67. OATS No. 2, 1.85-2.25, avg.
2 06; month ago 2.01; year ago 1.67. SOY
BEANS No. 1, 5.50-5.85, avg. 5.72; month
ago 5.76; year ago 4.07. EAR CORN
83.00- avg. 89.57; month ago 90.71;
year ago 66.05.
NORTH CENTRAL OHIO
(Prices FOB Truck): CORN 2.44-2.44;
WHEAT 3.14-3.17; SOYBEANS
5.49-5.72. SOYBEAN MEAL; bulk 44%
170.00-171.50; bulk 48% 176.50-179.00.
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Com Belt Feedstuff
St. Joseph, Mo.
January 28,2003
Report Supplied By USDA
Feedstuff prices were mixed again this
week but narrowly. Trading was slow
And many users seem to be changing for
mulas using cheaper ingredients. Soybean
Meal prices were up slightly this week.
Cottonseed meal happens to be one of the
ingredients less used due to high cotton
prices. Hominy feed prices showed some
strength from tight supplies. Distillers
prices were about steady but demand re
mains slow. Cold temperatures moved
across the US last week, boosting con
sumption, but this next week is forecast to
be warmer
SOYBEAN MEAL: 48 percent rail was
6.50 to 7.50 higher from 172.50-173.50.48
percent truck was 5.50 to 7.50 higher
from 175.50-182.50 per ton.
CORN BY-PRODUCTS: Gluten Feed
21 percent, Interior Points was steady to
2.00 lower from 63.00-72.00; Chicago was
steady to 2.00 lower from 62.00-72.00. 60
percent Gluten Meal, Interior Points
steady to 8.00 higher from 230.00-248.00;
Chicago 1.00 lower to 2.00 higher from
232.00-245.00 per ton. Rail Hominy Feed,
Central Illinois Points was steady to 2.00
higher from 68.00-74.00; truck was steady
to 2.00 higher from 72.00-87.00. Crude
Corn Oil was steady from 29.00-29.75
cents per pound.
MILLFEEDS: Northwest were 500
lower from 55.00-70.00; Buffalo 2.00 to
3.00 lower from 72.00-78.00 per ton.
ALFALFA PELLETS: Toledo, Ohio 17
percent dehydrated was steady at 185.00;
meal steady at 188.50. IS percent pellets
steady from 182.50-183.00 per ton; meal
steady from 186.00-186.50.
DISTILLER’S DRIED GRAINS: Cen
tral Illinois steady to 4.00 higher from
86.00- Chicago steady to 3.00 higher
from 85.00-98.00; Lawrenceburg, 11,
steady at 82.00. Kansas and Nebraska
were steady from 110.00-115.00; Minne
apolis wassteady to 1.00 lower from
84.00- per ton.
BREWER’S DRIED GRAINS: New
ark, NJ was steady at 88.00; Williams
burg, VA was steady at 78.00 per ton.
East Fluid Milk
And Cream Review
Madison, Wis.
January 29,2003
Report Supplied by USDA
Spot prices of class II cream, dollars
per lb. butterfat: F. 0.8. producing plants:
Northeast: 1.2840-1.4017. Delivered
Equivalent: Atlanta; 1.2840-1.4124 mostly
1.2947-1.3161.
PRICES OF CONDENSED
SKIM, dollars per lb. wet solids,
E. 0.8. producing plants; North
east: Class 11, includes monthly
formula prices: .9500-1.000; Class 111 -
spot prices - .7200-.8600.
SPOT SHIPMENTS OF GRADE A
MILK: FLORIDA: This week; In 0, Out
0; last week; In 0, Out 2; last year: In 0,
Out 11. SOUTHEAST STATES: This
week: In 0, Out 0; last week: In 0, Out 0;
last yean In 0, Out 0.
Milk production is showing a few signs
of increasing, particularly in the Deep
South. The recent cold weather retarded
gains seen early in the month, but output
seems to be rebounding in Louisiana,
Florida, and Georgia.
In the Middle Atlantic area, the milk
flow is mostly steady and temperatures
remain cold. In New York, almost daily
lake effect snows are adding to an already
deep base in the Western and Central
parts of the state. This is delaying farm
milk pick ups, but there have been no re
ports of lost milk. In New England, very
cold temperatures and snow were com
mon over the weekend and milk output is
about steady. Fluid milk supplies arc
tighter throughout the region.
Bottled milk sales range from good
north of the Middle Atlantic area to
steady or slower in the Southeast. Scat
tered school closings seemed to have little
effect on bottling schedules. Parts of the
Carolinas saw heavy snowfall late last
week and some panic buying was evident
just prior to the weekend. Due to the con
tinued good bottled milk demand, surplus
milk volumes have eased in many sections
of the Northeast. Reports of handlers/
suppliers looking for extra milk for manu
facturing were more common this week.
This provided a timely outlet for some
plants who had milk orders cancelled
early in the week.
The condensed skim market is little
changed. Some distressed loads continue
to clear at attractive prices to Midwestern
buyers. At some drying plants, natural
gas supplies have been reduced or cut off
altogether and this is impacting con
densed skim processing and/or drying.
The fluid cream market is weak, but
some contacts state not as weak as it has
been. Offerings are more than ample and
heavy shipments of excess to Midwestern
butter makers continue. Multiples on the
excess cream are often in the 112-115
f.o.b. range and based on a yet to be set
CME butter price.
Class II cream demand is lackluster at
best and prices are slightly lower. Ice
cream makers are taking typical volumes
for this time of year. Cream cheese mak
ers are reported to be less active in the
spot market. A few bottlers have taken an
extra load or two, but it is not known if
this is the result of increased demand or
getting new business at the expense of an
other producer. Locally, churning activity
is steady at moderate to heavy levels.
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USDA Market News USDA Carlot
Meat 4:00 Summary: Compared to Previ
ous Day, Prices in Dollars per hundred
weight, Equated to FOB Omaha Basis.
BOXED BEEF CUTS:Boxed beef
lower on moderate to fairly good demand
and heavy offerings. Select and Choice
rib, chuck, round and loin cuts lower.
Beef trimmings weak on light demand
and offerings.
Estimated composite cutout value of
Choice 1-3, 600-750 lbs carcasses dn 1.70
at 128.66, 750-900 lbs dn 1.59 at 127.60;
Select 1-3, 600-750 lbs dn 1.17 at 123.19,
750-900 lbs dn 1.32 at 122.68; based on
182.49 loads of Choice cuts, 141.09 loads
of Select cuts, 27.65 loads of trimmings,
and 70.77 loads of coarse ground trim
mings.
Estimated carcass price equivalent
value of Choice 1-3, 600-750 lbs dn .85 at
118.07, 750-900 lbs dn .77 at 117.31; Se
lect 1-3, 600-750 lbs dn .58 at 112.13,
750-900 lbs dn .69 at 111.79.
Current index reflects the equivalent of
308,061 head of cattle.
NATIONAL 5 DAY-ROLLING CUT
TER COW CUTOUT : The Cutter cow
carcass gross cutout value was estimated
at 90.77, up .10.
By-Product Drop Value: Hide and offal
from a typical slaughter steer was esti
mated at 7.88, unchanged.
NATIONAL PORK CUTS: Sales re
ported on 78.25 loads of pork cuts and
11.0 loads of trim/process pork. Com
pared to Monday’s close: Fresh '/«” loins
steady to 3.00 higher; sknd. hams 20-27
lbs. steady; sdls. bellies 2.00 higher; lean
trimmings 1.00 lower. Trading slow, with
light demand and mostly moderate offer
ings.
Calculations for a 185 lb Pork Carcass
51-52 porcent lean 0.80” -0.99” back fat
at last rib 53.78 up .65. Loins bone in
fresh '/< inch trim 21 Ib/down-light
93.00-101.00. Hams bone in trimmed,
20-23 lbs trim spec 1 42.00.SeedIess bellies
12-14 lbs 76.00; 14-16 lbs 78.00; 16-18 lbs
75.00.
CARLOT LAMB CARCASS: 3,701
head reported. 30-40 lb 166.00-166.00;
40-45 lb 166.00-171.00; 45-50 lb
162.00- 50-55 lb 162.00-172.00:
55-60 lb 162.00-172.00; 60-65 lb
161.00- 65-75 lb 161.00-172.00;
75-85 lb 161.00-172.00; 85-up lb
161.00-
'Member
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Notional Association
of Tax Professionals
Member NASD & SIPC
National Carlot
Meat Report
Des Moines, IA
January 28,2003
Report Supplied By USDA
/ —fi
Roxanne Witmer
Enrolled Agent