Al6-Lancaster Farming, Saturday, August 16, 2003 GRAIN, CATTLE, HOG, FUTURES MARKETS Markets Courtesy of Chicago Board andUMercantile Exchange Closing Bids: Thursday, August 14, 2003 1/4 ' 222 218 1/41 2191/2 [220 3/4 230 1/41231 3/4 227 3/4 ( 229 1/4 I 230 freffjWEiWffi jPHBP 238 239 1/4 [235 1/2 ~ 237 f 237 1/2 RH! 242 1/4 243 m[ 24#' |P9P>I 244 246 : 242 244 1/4 |2441/2 •Slti MO 1/2 241 239 1/21 240 1/2 1 Com 242 3/4 243 3/4 242 1/41 2431/4 2431/2 2471/4 249 2471/4, 249 oilfci Odßee 253 1/4 254 253 254 Mofljh o|Kning High Soybeans Month Opening High 03 A tig 570 583 o i&m 548 1/2 554 546 549 554 1/2 551 [555 1/2 Soybean Meal Month .Opening .High 03Aug 180.5 183.6 03Sep 03Oct 174. 170. 03Dec 04Jan 170. 171. 04$&jr 171. 171. Aug. 8,2003 CLASS 111 PRICES EXCEED $l4 PER CWT! What a difference a month makes. This week at the Chicago Meicanfile Exchange, block cheese puces staved at $1 60 pei I mod hand cheese was $1 sS jii pound 1 ven butt cm pnia - ueii highei fiiadv V \ bnt'u uagtd "kt .’P7 pei pound loi the (j k & MILK BFP ■ ■'' ?*■; ■ ,v k- */ 'r* - ' t - -a-*'. « 5? ''T- - 239 1/4 n ftttt 'W« Closing ' 564 583 546 t 543 547 1/2 551 ~ 549 f 552 [553 1/2 [5523/4~f +46 547 549 3/4 551 [550 1/4 +3O 550 [ 552 ] ‘ "553 [552 1/2 [~ +24 552 1/2 555 176.5 177.0 175.6 173.0 174.4 169.8 171.0 172.2 169.2 170.6 171.5 170.1, 171.2 i 171.0 172.0 170.7 172.2 170.5 171.5 j 1172.7 172.0 3.2 1 172.0 The Class 111 futures at the Chicago Mercantile Exchange re flected bullish market conditions. As of Aug. 8, 2003, August Class 111 futures were $13.80 per CWT. Septemhei Class 111 futures were $14.60 per CWT. 1 hereafter, putt's fell m f)12.48 pci C'WI In I Vctmbei ! i't miiikets are reading to nia recoveis and mill output in -1 '.l r L’l! ’J ILI 9 ! v .vc.- c.* 242 551 ,552 1/2 ,551 3/4 1 548 j 549 1/2 548 3/4 i 552 553 |552 1/2 551 n 539 n 176.8 176.9 *3B 174.5 *3 174.7 170.8 170.3 171.7 ! 172.5 220 [~Unch Unch 229 1/2 2371/4 +2 242 +2 f 244 1/4 [ i 240 1/21 +2 +2 12431/21 Unch 2491 Unch 254 Unch 239 1/4 +6 583 + 184, +44 +5O +52 + 10 551 53! -30 170.9 170.5 171.1 171.71 +1 171.5 j +2 172.6 ifomia did someserious damage to milk output. Plants are report ing that deliveries in July were down from a year ago, and com ponent levels were lower. We’ll know more when the Milk Pro duction report is released next Friday. The cheese market is con cerned that problems in Califor nia could result in reduced U.S. cheese supplies later this fall. A quick look at 5-year average prices indicates that for the months August through Decem ber of this year, the Class 111 fu tures markets are offering very favorable opportunities to lock in milk prices. Any time Class 111 prices exceed $l4 per CWT, dairy producers should consider using the futures markets. In terms ot strategy, producers may want to considei protecting September thioupli December milk marketings. Those prices ate cere iavoiahie light now and uio'e likilv to decline i( ('aiifoi- Lean Hogs Date 'CASH' 15 0 585758575857 +157 Aug 03 6010 6025 5987 6012 +32 Oct 03 5280 528552055215 -92 Dec 03 5117 5125 50655087 -45 Feb 04 5480 549054205430 -72 Apr 04 5822 582257705790 -45 May 04 6100 610060406070 -47 Jun 04 6225 627062206222 -33 Jul 04 6035 603560076007 -23 Aug 04 5852 587058505870 -15 08/13/03 08/14/03 08/14/03 08/14/03 08/14/03 08/14/03 08/14/03 08/14/03 08/14/03 08/14/03 Composite Volume Openjnt 08/13/03 4690 38102 Live Cattle Date 08/13/03 *CASH* 0 787178717871 unch 08/14/03 Aug 03 7765 780077407772 -15 08/14/03 Sep 03 7800 785077757830 -5 08/14/03 Oct 03 7675 773076557717 +25 08/14/03 Nov 03 7750 775077507750 unch 08/14/03 Dec 03 7777 779577457790 +3 08/14/03 Feb 04 7762 778577507775 -2 08/14/03 Apr 04 7630 764576107627 -3 08/14/03 Jun 04 7150 717071407150 unch 08/14/03 Aug 04 7150 715071307130 +3O Composite Volume Open_lnt 08/13/03 8177 112374 Pork Bellies Date 08/13/03 *CASH*, 0 820082008200 -600 08/14/03 Aug 03 8780 885085508845 -5 08/14/03 Feb 04 7860 80507832801? +157 08/14/03 Mar 04 7825 7825 7825 782 S unch 08/14/03 May 04" 7950 795079507950 unch 08/14/03 Jul 04 8010 801080108010 unch Composite Volume Open_lnt 08/13/03 532 1645 Oats Month Opening High Low Closing 138 1/2 SPOT PRICES OF CLASS II CREAM, dol lars per lb butterfat: F. 0.8. producing plants: Northeast; 1.6721-1.9145. Delivered Equivalent; Atlanta: 1.6964-1.9145 mostly 1.7448-1.8660. PRICES OF CONDENSED SKIM, dollars per lb. wet solids, F. 0.8. producing 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 75, Out 0; Last Week In 61, Out 0; Last Week In 68, Out 0. SOUTH EAST 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 Regional Milk Market Administrators an nounced the following, Julv 2003 uniform prices Northeast $l2 46 Mideast $ll6B Southeast $l2 47 and Florida $l3 46 (foi the Nonheast and Mid cast, statistical uniform pilees lie Kpolled ) Milk piodiKtion continue'. to cast io\ui in most pnh »J the icgion Kuo pushed this \uck iluoughout much ot »he umuii and hu nmlitv level* were high from \uivnm tu I lon do Juripe! tunes have been s a i uo<n hut tlu ... . ■ . Previous Previous Open High Low Last Chge Volume open ~ ..... . . A Previous Previous Open High Low Last C hge , , r b Volume Open_lnt 0 0 1131 6594 50 516 4302 58401 0 7 1712 22794 649 15064 294 7072 37 1866 1 58 „ Previous Previous Open High Low l.astChge volume Open Jl.t 0 0 244 727 ' 879 2jT' 30 0 4 4 5 East Fluid Milk And Cream Review Madison, Wis. August 13,2003 Report Supplied by USD A Settle ' 138 1/21 -14 142 1/41 -6 i ) 148.1/4 -12 142 | 142 1/4 148 1/4 154 b 1155 a 154 1/2 149 b) 150 a 149 1/2 | 144 b|l46 a ' JMW f [ 149 b i lSl a ||^^|jpjjj|ji Fat and protein test remain seasonally low. Fluid milk demand is improving, particularly in the Southeast where many schools are back in session this week. School openings are “spread” over three to four weeks, starting in the South and working north where most schools open after Labor Day. Milk imports into Florida are increasing, but contacts expect vol umes to jump next week when the majority of schools reopen. Milk is being shipped from Texas, Pennsylvania and Michigan this week. In the Northeast, milk supplies are tight, but contacts are preparing for tighter volumes when school pipelines get filled, late this month. The condensed skim market is mostly steady. Class II and 111 prices are unchanged and a few spot sales were reported. Most Class 111 users have switched to NDM as a lower cost source of solids. The fluid cream market remains firm. Spot prices are steady to lower as the CME average butter price declined nearly a cent last week Multiples are generally unchanged from past weeks Offerings are light and loads from the West continue to be shipped across the country to supplement local availabilit) Demand tor cream is good, but the summer season is wind mg down and mans ne cream manufai luicis aic picparmg lo icducc opciation- altu I abor I) iv lln vs aim muggv weather is helping soft 'tntmiv consumption Cicam cheese output is little hinged In m p isi weeks bottled e»e un sale .in slowing slight Iv < limning aetivnv is 0 3518 21530 8427 2413 1304 281 415 173 41 0 809 2985 606 193 80 7 8 2 0 -4' -4 Unch
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