Al6-Lancaster Farming, Saturday, August 9, 2003
GRAIN, CATTLE, HOG,
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, August 7, 2003
Com
u
iBSBB
S'
: |SK:
*MBF!
OSJW.
211 1/2
219
227 (229 3/4, 2271 228 1/2 (228 3/4
232 1/4[234 1/4(232 1/41 233 1/2 ! 234
236 1/2 f 237 3/4 235 3/4 1 237 ! 237 1/2
2361/4 236 1/2 236
2391/2 240 239
245 245 1/2 244 1/2
250 250 1/4 250
Soybeans
Month Opening,High
03Aug 538 1/2 545 1/2
03Sep
omr
518 522 1/2 515 1/2 519 1/2 519
514 1/2
Soybean Meal
Month Opening High Low
03 Aug 163.8 165.3 163.8
03Sep
160
03Oct
03Dec
04Jan
156
155
157
04Mar
159
160.3 i
162
04May
04Jul
04QiJ i
162
162
161
162
SMS
East Fluid Milk
And Cream Review
Madison, Wis.
August 6,2003
Report Supplied by USDA
SPOT PRICES OF CLASS II CREAM,
dollars per lb butterfat: F. 0.8. producing
plants: Northeast: 1.6836-1.8910. Deliv
ered Equivalent: Atlanta: 1.6836-1.9032
mostly 1.7324-1.8544.
PRICES OF CONDENSED SKIM,
dollars per lb. wet solids, F. 0.8. produc
ing plants. Northeast: Class 11, includes
monthly formula prices: .8500-.9300.
Class 111, spot prices: 1.0300-1.1500.
SPOTS SHIPMENTS OF GRADE A
MILK: FLORIDA: This Week: In 61, Out
0; Last Week In 38, Out 0; Last Week In
52, Out 0. SOUTHEAST STATES: This
Week: In 0, Out 0; Last Week In 0, Out 0;
Last Week In 0, Out 0.
EDITOR’S NOTE: Due to changes in
milk supply agreements, milk import/
export totals are not directly comparable
to year ago figures and to shipments prior
to April 1,2003.
The following are the July 2003 Class
and component prices under the Federal
. *VW'7V ~V
".S' llt.j ,( l! ■»..-> •
,y *■> -■•
I iiMBl-aitv.iilii
211 1/2
213 3/4
221 1/2(218 3/4
238 1/2 n
Closing
Low - !•
Low
Closing
535 544 1/2 541 1/2
519 511 1/2|
518j520 1/2 j
1521 1/41524 1/2 |
i 525 1 527
529 1/2
_s3l
529 i/2[529 1/2 ~
527 n
j 530(531 1/2
IfMW'WiMJHI
wCTHH
161.9 160.3
159.0 156.7
158.5 155.5
:.5
.0
159.2 156.8
161.0 158.7
161.8 159.5
164.0'162.0
163.8 162.0 163.1 b,
163.0 i 161.8 162.8 b|
t ’
:A
i.l
~51
1161.51161.0 161.0 bj 161.1 aj 161.0|
11I* _ _ i
162.5|162.0|162.0 bj162.1 a|l«2.o|
maflawiit mmmmmmi
• 5 I
Milk Order pricing system: Class II
$10.63 (up $0.17 from June), Class 111
$11.78 (up $2.03); and Class IV $9.95 (up
$0.19). The following are the product
price averages used in computing Class
prices: butter $1.1196, NDM $0.8072,
cheese $1.3497, and dry whey $0.1470.
The Class II butterfat price is $1.2125 and
the Class 111/IV butterfat price is $1.2055.
Milk production continues to decline in
the Southeast and, to a lesser degree, the
Northeast. Heavy rains have plagued
large areas of the Southeast and up the
East Coast. The rains generally brought
lower temperatures, but the resulting
muggy weather is stressing the cows, fur
ther reducing milk output. The Northeast
is also seeing more rain this week, but the
impact on the milk flow is not yet known.
Fat and protein tests on incoming milk
remain low.
Demand for bottled milk is mostly
steady in the Northeast, but improving in
the Southeast where some schools opened
this week. Many schools in the Southeast
will reopen next week and bottlers are
preparing to fill the pipelines;, Florida
..........^IIIIIIKKIII
212 1/2
212
220 3/4 (
220
236
239 3/4
240
245 1/2
250 1/4
516 515
520 520 1/4
525 [524 3/4
i.r ■ n -- I
Settle
164.8 i«4.7 164.7
161.2 161.0
157.8 157.9
157.1 157.3
158.2 158.4
160.3 160.0
160.8 161.0
163.8
163.2 a,
162.9 a!
\.C> ,'s' 1 ' 1,
212 1/4
+6
+ 12
220 1/4
228 1/2
+lO
1233 3/4
[237 1/4
+ 12
+ 10
236 i
+4
240 Unch
245 1/21
250 1/4,
238 1/2; -4
543 1 +3O
519 1/4
;515 1/2
+4
Unch
+4
527
+6
531
529 1/2 ~
’' 527
531 1/2
+6
-10
Net Chg
*
161.1
157.8
4 7
157.2
+ (0
158.3
+9
+9
160.1
+ 1 1
160.9
4 19
163.8
+2O
163.1
162.8
+ 15
+ 141
+ 12
handlers are importing more milk this
week and contacts expect volumes to in
crease during the coming weeks. Surplus
milk volumes are generally light and easi
ly cleared. Some producers of condensed
skim comment that with Class 111 wet so
lids prices so high, they have to step up
drying schedules to clear the skim. The
August Class 111 skim milk price is esti
mated to be well over $9.00, up sharply
from July’s $7.83, up $1.93 from June.
Producers often base their condensed
skim prices on estimates and then make
adjustments after the price is official.
Class II condensed skim sales are about
steady, but mostly contractual. As one
contact put it, ‘you can’t sell a pound of
Class 111 at current prices.’’
Organic dairy production will be a highlight of
the Sept. 20 Lancaster Farming Dairy Plus
booklet.
Scheduled: features on organic dairy farms
and strategies for success in organic milk
production from university. In addition, news and
information frpm ( the bree.d assocjatipns. and cooperatives..
Lean Hogs
Date
08/06/03 *CASH*
08/07/03 Aug 03
08/07/03 Oct 03
08/07/03 Dec 03
08/07/03
08/07/03
08/07/03
08/07/03
08/07/03
08/07/03
Feb 04
Apr 04
May 04
Jun 04
Jul 04
Aug 04
Composite Volume Open_lnt
08/06/03 11242 39050
Live Cattle
Date
-2'
08/06/03 *CASH*
08/07/03 Aug 03
08/07/03 Sep 03
08/07/03 Oct 03
08/07/03 Nov 03
08/07/03 Dec 03
08/07/03 Feb 04
08/07/03 Apr 04
08/07/03 Jun 04
08/07/03 Aug 04
Composite Volume Open_lnt
08/06/03 14253 112675
Pork Bellies
Date
08/06/03 *CASH*
Aug 03 9060 9100 89709055
Feb 04 7890 790578127825
Mar 04 7800 780078007800
May 04 8000 800080008000
Jul 04 8000 800080008000
08/07/03
08/07/03
08/07/03
08/07/03
08/07/03
Composite Volume Open_lnt
08/06/03 469 1801
Oats
Month Opening High Low
03Sep 133 137 1/2 132 1/2 137 1/2
03Dec 137 3/4 141 3/4 137 1/2 140 3/4
04Mar
04May
04Jul
°4Sep
T" IAWi BBuSXIPr £%. <T fra&TypW'rj .ygv -
„ Previous Previous
Open High l.mv Volume Qpen.lnl
0 0
3566 5180
6164 21949
1052 7685
0 563556353635 +29
6000 6040 5957 6012 +45
5360 538552705355 -2
5190519551105165 unch
5527 554554955512
5850 585058105827
6140 614261306142
6300 631062606275
6075 607560556055
5890 589058905890
~ u• ■_ * I 4- Previous Previous
Open High Low Last Chge ... ~ . .
1 ” Volume Open_lnt
0 0
2536 10019
84 385
7762 59068
2 7
0 8073 80738073 -27
7787 779076477687 -110
7690 771076507650 -90
7672 767275777610 -72
7680 769076507650 -30
7665 770076227675 -2
7680 770076407695 +3
7577 761075457597 unch
7020 711070157085 +BO
7080 708070807080 -20
, ¥ . Previous Previous
Open High Low Last Chge v „l„ m e Open.lnt
0 0
331 1083
136 704
2 1 1
0 3
0 0
0 970097009700 unch
145 148 144 1/2 148 a
The Fluid cream market remains firm.
Supplies are tight and local suppliers are
reaching to out-of-region producers to
find loads and prices are often higher.
Also, with more milk being shipped into
the Florida and other Southeastern states,
tanker availability is an issue. Conversely,
with California cream as tight as it is,
tankers on this route are readily available.
Demand is good, but buyers do balk at
the current high multiples for spot loads.
Multiples in the ISO’s are not uncommon.
Ice cream production is seasonally
heavy. However, as the summer draws to
an end, ice cream producers are planning
on easing schedules back to school year
levels. Cream cheese output is about
steady. Churning activity is light to mod
erate.
+35
-37
-20
-25
+4O
Closing
Settle Net Chg
137 1/2
140 3/4
153 b 154 a 153 1/2
150 n
145 n
150 n
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 np or
down according to your location and the
quality of your crop.
Corn, No.2y 2.75 bu., 4.92 cwt.
Wheat, N 0.2 3.20 bu., 5.35 cwt.
Barley, N 0.3 1.86 bu., 3.99 cwt.
Oats, N 0.2 1.99 bu., 5.95 cwt.
Soybeans, No.l 5.44 bu., 9.08 cwt.
Ear Corn 86 58 ton, 4.33 cwt.
Alfalfa Hay 114.25 ton, 5.71 cwt.
Mixed Hay 116.25 ton, 5.81 cwt.
Timothy Hay 119.75 ton, 5.00 cwt.
2175
1215
274
370
163
39
308
99
25
27
21835
13186
6303
1791
81
2086
704
921
138
20
* '<>
148
Mi
i i i
150 Unch
Unch
Unch
145
150;