A42-Lancaster Farming, Saturday, September 20, 2003
East Coast and North
Central Veal Report
Des Moines. lowa
September 17,200
Supplied By USDA
CARLOT VEAL CARCASS REPORT-
Compared to trading last week. Northeast spe
cial fed veal trading weak to lower at
255-30000 with an average of 277.18 for the
week. Demand good on light offfenngs North
Central hide- on trading firm to 5.00 higher,
hide-off not established on good demand and
light offerings.
VEAL CARCASS, SPECIAL FED, HOT
BASIS, FOB PRODUCTION POINTS: North
east 750 head. Hide-Off, 215-275 lbs.
285.00-300.00. North Central: 455 head. Hide-
On, 240-300 lbs 250-255.00.
CONTRACT INFORMATION. Hot Basis,
Hide-Off As of September 16, 2003) Con
tract calves slaughtered this week: 195-285.00,
mostly 205-250.00. Packers base market
230-285.00. Future Contracts offered: Firm Bot
tom 205-210.00, Firm Top 225-230.00. Firm
Bottom 208.00, Split Half Top 223.00. Fixed
215 00
• North Central - OH, IN, 11, MI & WI.
• Northeast - MA, MD, PA, NY, NJ, DE, CT
& VT.
WEEKLY DISTRIBUTIVE, LESS THAN
CAR LOT, EAST COAST AREA VEAL CUTS
TRADE, SPECIAL FED. Market for Tuesday,
Sept 16 Distributive special fed veal cuts
trading mostly steady, with few cut steady to
firm and few cuts steady to weak. Foresaddles
Five-Area Weekly Average Direct Slaughter Cattle Weekly Meat Production Under Federal Inspection
St Joseph, Mo September-115, 2°°3 - USDA Market News Service WASHINGTON, DC. Sept 12-(USDA NASS)-Total ted meat pro-
Sales in Texas/Oklahoma, Kansas, Nebraska, duction under federal inspection for the week ending Saturday. Sept 13,
Colorado, and lowa/Mmnesota Feedlots foi was estimated at 942 ) million lbs, according to the USDA's Agricultural
Week Ending Sunday, September 14, 2003 Marketing Service This was 14 6 percent higher than a week ago and 2 2
Confirmed Sales 278 741 Week Ago 265.600, Year Ago 230 749 percent higher than a year ago Cumulative meat production for the year
LIVE FOB BASIS SALFS - Beel Breeds: t 0 ddte WdS 0 Patent lower compared to the previous year
sIAUGHI HR sithßS MEAT PRODUCTION (million pounds)
Head Height Price A>g. Avg. (excludes condemned)
Count Range Range Weight Price Week Ending (1) Beef Caif/Veal Pork (2) Lamb/Mutton Totals (3)
Over 80% Choice 6 650 1178 1425 85 00-92 00 1296 8944 13 Sep 03 5560 34 378 8 3 9 942 1
65 80'. Choice 12 167 1150 1450 87 00 92(H) 1311 89 95 06-Sep 03 477 1 2 9 338 8 3 2 822 0
35 80 ( / ( Choice 57 292 1050 1400 8500 9100 1 251 88 52 Change 165% 17">% 118% 219% 146%
0 35% Choice 7 617 1100 1350 8700 9000 1 242 88 35 u Sen O'* 519 8 3 8 394 0 41 9217
I^tHT F 8 R ra H d ntFR 3 S - 706 ,OaM4 " SB - 79 Change” 70* 10 5% -5 9% 49% 22%
o\er 8(1% Choice 5 756 HOD 1250 88 (X) 92 00 ~79 89 60 7(X)7 YTD WZI P 92 H 565 8 M 54 £11?5
65 80% Choice 8 109 1100 1250 8500-9200 1165 89 68 2002 YTD 18 8765 1292 15 565 8 1454 525150
55 65% Choice 51 244 1010 1525 85 50 91 00 1154 88 71 Change 04% 05* 01% 92% 03%
0 55% Choice 2 924 1050 1500 8700-9100 1152 88 87 i Previous week estimates may be revised Year ago data arc actuals
TOTAL all grades 66,015 1000-1550 $5,00-92,00 1,14(1 08.89 2 Excludes lard
DRESSED DELIVERED BASIS SALES - Beef Breeds: 3 Totals may not add due to rounding 2003 totals are subject to revision
o^er U Bo%^hoice EERS 2,OS9 772 896 137,50-144 50 852 142 11 LIVESTOCK SLAUGHTER (head)
65 80% Choice 7 747 709-882 13600-145 00 821 141 35 Week Ending Cattle Calves/Vealers Hogs SheeplLambs
55 65% Choice 15468 690-896 t 37 00 14500 850 141 82 13-Sepos 747,000 19.000 1,962,000 59000
0 55% Choice 06-Sep 03 541,000 16,000 1,746,000 49,000
TOTAL all grades 25,254 690-896 136.00-145.00 827 141.70 Change ) 6 5% 18 8% 12 4% 204%
SLAUGHTER HEIFERS 14-Sen 02 674 000 21000 2 044 000 62000
Over 80% Choice 980 688 799 140 00 145 00 740 142 69 rtoLe 10 8% 2 9 5 2 ' 40% 48%
65 80% Choice 8,587 656 850 137 00-145 00 745 142 99 f,"®' , 0 ” I'anemn
55 65% Choice 18 148 541 816 13900 14500 761 142 75 2003YTD 28 187,000 693,000 67,563,000 1,965,000
0-55% Choice 53 754 14100 754 141 00 2002 YTD 24,879,000 691,000 68,055,000 2,150,000
TOTAI all grades 27,768 641-850 137.00-145.00 754 142.82 Change 12% __ 03% : 0 7% -8 6%
WEEKLY WEIGHTED AVERAGES F™ AVERAGE WEIGIffS Ohs.)
This Week: Head Count Avg. Weight Avg. Price Week Ending LIVE Cattle Calves/Vealers Hogs Sheep/Lamb
Live Steer 83,706 1,265 88 79 15-Scpos Estimate 1228 295 260 131
Live Heifer 66,015 1140 88 89 06 Sep 03 Estimate 1228 293 260 131
Dressed Steer 25,254 827 141 70 14-Sep-02 Actual 1266 297 260 132
Dressed Heifer 27,768 754 142 82 DRESSED
S T;e^ La,,WW|l; 77,866 , 260 84 92 "*P<» f“ 111 11! IS £
Live Heifer 67,369 1,137 85 11 03 i lt\ !?? 55
Dressed Steer 27,230 $24 135 54 14-Sep 02 Actual 775 183 194 66
Dressed Heifer 22 400 754 135 92 PERCENTAGE OF TOTAL SLAUGHTERED BY CLASS
Samt Penvd Ust Year; CATTLE HOGS
Live Heifer 54 683 M 76 65 Wk Ending Steers Heifers Cows Bulls/Stags Barrows/Gilts Sows Boars/Stags
Dressed Steer 31 482 855 lt)l 65 30 Aug 03 50 3% 32 3% 15 6% 18% 96 5% 32% 02%
Dressed Heifer 29413 777 10J 71 31 Aug 02 518% 30 5% T 5 9% 18% 96 2% 36% 03%
Estate of Frank Baldwin
Auction Location: Old Road (Just off Rt. 222
between Lancaster and Quarryville)
New Providence, Lancaster, County, PA.
ANTIQUES & COLLECTIBLES: Wal Chippendale 3 over
2 over 4 grad dwr chest, Chippendale pie crust tilt top tea
table, cherry Chippendale step back cupboard w/marble
top, flat front bow sided mirror back china closet, wal vict
hall rack w/umbrella stand, canning cupboard, 2 dr, gram
ptd flat wall cupboard, 2 dr shrank w/pfd ciest, gram ptd
dower chest, bucket bench, work tables, Renaissance
Revival music cabinet, Viet -3 pc floral carved parlor set,
3 sect mirror back sofa, 2 dr 2 dwr armoire & cardtable,
Ig salmon marble top coffee table, jelly cupboard w/back
splash, claw ft 3 tier etagfere, wal parlor table, chestnut ext
table, fine 9 pc mah BR suite, maple BR suite, flat front
china closet, tilt top turn ped tea table, 20 dwr apothecary
cabinet, plank seat settee, many chairs & rockers including
Windsor, plank seat, cane seat, Art Deco brass table &
floor lamps, Persian & Chmesd room size rugs & mats,
table top fireplace shield, Chippendale mirror, RCA Radiola
41 console radio, girandoles, pfgs & prints including 19th c
oil on canvas landscape, Black Forest carved & banjo
barometers, Eli Terry pillar & scroll clock, banjo style clock,
early c i kitchen & fireplace items including crane, trivets,
kick toasters, rattail utensils, andirons, waffle irons, brass
clock works rotissene, brass pails, skimmers, pt dec coffee
grinder, candle molds-6/8/18/24 & 36, grad sleigh bells 21,
toleware, butter churn, wooden buckets & measurers, c i ’
doorstops, collection of IBth & 19th c lighting including
Gone WAThe Wind, carriage, RR, parlor, hanging parlor,
"organ, figural, bracket, finger, whale oil, pedestal, many
shades & parts, candlesticks including hog scraper, brass,
Folk art log cabin doll house, wicker stroller, coverlets &
paisley shawl, scrapbooks, postcards, early photos & tin
types, advertising ephemera, books including many antique
reference, costume & gold jewelry, iron tools including
saws, broad axes, anvil, jewelers bench & anvil, augers,
wood clamps, slab lumber CHINA & GLASSWARE:
Ironstone including canister set w/spice jars, Masonic
Loving Cups including Lancaster & Phila; calendar plates,
transferware including plates & platters, game plates &
teapots, 19th c glassware including flint & pattern glass in
decanters, compotes, bowls, goblets, wines, ewers, carafes,
cruets, tumblers, bottle collection
Preview - Day of auction 7-9 am
Terms 10% Buyer’s Premium Payment in cash, approved
check VISA MC Discover AU-001117-L AU-3413-L
www.alderferauctlon.com
Alderfer Auction Company
501 Fairgrounds Road, Hatfield PA 215-393-3000
Shaub Family Auction Service
9 Brooks Avenue, Willow Street PA 717-464-3541
firm to higher and hides weak to lower. De
mand continues moderate to good on light of
ferings
Prices per CWT Carcass, hide off 200-250 lb
295-370.00; Foresaddles 85-110 lb 250-285 00:
Kosher Foresaddles 90-110 lb 250-320 00; Hind
saddles 85-115 lb 435-475.00, Loins, regular
17-25 lb 420-475 00, Loins, 4x4 trmd 12-18 lb
795-90000; Hotel Racks, 8 rib 15-21 lb
750-850.00, 7 rib 14-20 lb 775-900.00, 6 nb
13-17 lb 895.00-1060.00; Chuck, square cut
36-47 lb 150-195.00; Shoulder, full 14-20 lb
195.00-225.00; Legs, double 70-90 lb 440-485.00,
TBS 3-piece 24-32 lb 875-995.00, BHS heel-out
27-35 lb 795-875.00; Top Round, trmd, cap-off
8-10 lb 1500-1800.00; Breast 10-12 lb 80-120.00;
Necks, bone-in 24-28 lb 160-225.00; Stew Meat,
regular 250-375 00; Boneless Trimmings
72-80% lean 75-95.00; Heavy Nature Green
Hides, per piece 36-41.00.
Dairy Products
Prices Highlights
Washington, D. C.
September 12,2003
Report Supplied By NASS/USDA
DAIRY PRODUCTS PRICES HIGH
LIGHTS.
CHEDDAR CHEESE prices received for US
40 pound Blocks averaged $1.58 per pound for
the week ending September 6. The price per
pound increased 0.2 cents from the previous
week. The price for US 500 pound Barrels ad
justed to 38 percent moisture averaged $1.58
per pound, down 0.6 cents from the previous
week.
BUTTER prices received for 25 kilogram and
68 pound boxes meeting USDA Grade AA stan-
WOOD’S
FALL CONSIGNMENT SALE
Located at the Gordon Wood Farm on Rt. 15
across from Fred’s Woodshed, 2 miles from
Tioga, PA, 5 miles from Lawrenceville, 10 miles
from Mansfield, 50 miles from Williamsport,
and 20 miles from Elmira, NY.
SAT., OCT. 11, 2003
10:00 A.M.
SOME EARLY CONSIGNMENTS: 1948
Ferguson TE 20 tractor; 2003 Kauffman goose
neck equipment trailer, 20’, 14,000 GVW w/4’
flip up doves & tail ramps; 2002 Alphasports
150 ATV; 2000 RSI motorcycle; Alfa Gold 35’
sth wheel camper w/awning, real nice; EX 9xlB
metal kicker rack w/672 EZ trail gear; Silo
Matic TMR mixer; Gehl 322 V-bottom spreader,
ex.; Harvestor 20’ silo unloader; 1990
Freightliner 400 HP, 13 speed; Chevy C6O 14’
dump; Nissan 4 ton capacity forklift; JD 2600 5
bottom variable with semi mount plows; JD
4320 w/cab; Balzer 1016 silage table.
Food Available.
Get your consignments in early for proper
advertising. Watch next week’s paper for full
listing.
Sale Managed By:
WOOD’S AUCTION SERVICE
AU 00009-L
RR2, Mansfield, PA 16933
Gordon Tim
570-835-5857 Ron 570-549-2112
Cell 570-549-4901 Cell
607-426-1763 607-426-9559
For the MOST in Advertising Coverage and
Preparing Your Sale,
Call WOOD’S AUCTION SERVICE!
dards averaged $1.12 per pound for the week
ending September 6. The U.S. price per pound
increased I.S cents from the previous week.
NONFAT DRY MILK prices received for
bag, tote and tanker sales meeting USDA Extra
Grade or USPH Grade A standards averaged
80 8 cents per pound for the week ending Sep
tember 6. The U.S price per pound decreased
0 4 cents from the previous week.
DRY WHEY prices received for bag, tote and
tanker sales meeting USDA Extra Grade stan
dards averaged 17 1 cents per pound for the
week ending September 6. The U S. price per
pound increased 0.3 cents from the previous
week.
East Fluid Milk
And Cream Review
Madison, Wis.
September 17,2003
Report Supplied by USDA
SPOT PRICES OF CLASS II CREAM, dol
lars per lb butterfat: F. 0.8. producing plants:
Northeast: 1.6077-1.8640. Delivered Equivalent:
Atlanta: 1.6431-1.8873 mostly 1.7242-1.8407.
PRICES OF CONDENSED SKIM, dollars
per lb. wet solids, F. 0.8. producing plants:
Northeast: Class 11, includes monthly formula
prices: .8700-.9300. Class 111, spot prices:
1.1500-13000.
SPOTS SHIPMENTS OF GRADE A MILK:
FLORIDA: This Week: In 204, Out 0; Last
Week: In 161, Out 0; Last Year: In 134, Out 0.
SOUTHEAST STATES: This Week: In 40, Out
0, Last Week: In 40, Out 0; Last Year: 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, August 2003 uniform
prices: Northeast $13.72, Mideast $12.60,
Southeast $13.54, Florida $l4 53, and Western
New York (a state order) $12.95 at the base city
or county in the orders. (For the Northeast,
Mideast, and Western New York orders, statis
tical uniform prices are reported.) The Florida
uniform price is the largest in 14 months. And,
the increase in the Southeast’s blend prices is
the largest month-to-month increase since order
reform went into effect.
Hurricane Isabel is the major topic of conver
sation for milk handlers and bottlers this week.
With Isabel expecting to make landfall late this
week, bottlers in the expected path are running
daily (many normally schedule a down-day at
midweek) to keep up with the retailers’ demand
for milk and bottled water. Long-time contacts,
however, point out that this surge in demand
will soon be offset by lighter orders once the
storm has hit and moved through the area.
Milk production is starting to increase
throughout the Southeast where gains are small
but steady. In the Northeast, milk output is
mostly steady. Milk supplies remains tight and
Grade A milk continues to be shipped into Flor
ida and other Southeast states. Surplus milk
supplies remain light. Manufacturing plant
schedules arc well below normal and this week’s
increased bottling is pulling even more milk
from manufacturing plants. A few cheese plants
are taking more milk this week.
The condensed skim market is little changed
and prices for Class 111 are up again this week.
Demand for wet solids is often lighter as the
current price per pound solids far exceed what
it costs for NDM and the additional handling
costs for reconstituting the powder.
The fluid cream market remains firm. Spot
prices are often higher as the CME cash price
for butter jumped nearly three cents last week.
However, multiples did ease somewhat, particu
larly at the higher end of the range. Supplies of
cream are still tight, but a few firms do have
extra cream from their standardizing opera
tions. Traders comment that getting cream out
of the Western region is more difficult as pro
ducers there are keeping their cream to make
butter. Ice cream output is about steady, but
those operations near the Coast and in the pro
jected path of Isabel are making plans to gear
down should they need to. Cream cheese output
is about steady, but it was noted that a relative
ly small producer has increased output for an
ticipated needs. Churning remains limited.
Midwest Daily
Livestock Summary
Amarillo, Texas
September 17,2003
' Report Supplied By USD A
In the five #ea direct slaughter cattle trade,
live and dressed sales mostly steady. STEERS:
LIVE BASIS: over 80% Choice 91-91.25, wtd.
avg. price 91*7; 65-80% Choice 87.50-94.00,
weighted average 91.94; 35-65% Choice
89-92.00, wtd. avg. 89.46. DRESSED BASIS:
over 80% dChoice 141-145.00, wtd. avg. price
144.29; M-80% Choice 144.50-146.00, wtd. avg.
145.31; 35-65% Choice 142-147.00, wtd. avg.
price 145.59. SLAUGHTER HEIFERS; LIVE
BASIS; 65-80% Choice 90.50; 35-65% Choice
88-92.00, wtd. avg. 89.82. DRESSED BASIS:
over 80% Choice 146-148.00, wtd. avg. price
147.01; 65-80% Choice 142-145.00, wtd. avg. av
erage price 144.23; 35-65% Choice 143-146.00,
wtd. avg. 145.23.
in g gi ait 7
* VALUABLE BEAL ESTATE -
MOfcG4*TOWA»»A ~
* *3fA MtA'*
wwMStm*r»f y
- . ■■■»m,-- '■••• •;■>
LOCATION: 2555 Mam St, Morgantown, PA Rt 23 west of
Morgantown approx 2 mi to property on right Or from
Churchtown, Rt 23 east approx 2 mi to property on left.
Caernarvon Twp , Lane Co , PA.
>
I
I
Real estate consists of 18 acre M/L farm w/approx 12 acres
tillable Balance pasture w/stream. House is 2 family dwl
w/over 3700 sq ft living area Unit #1 has large eat-m kitchen,
living rm, Ist floor laundry, 5 bdrms. & full bath Attic &
bsmt. storage Unit #2 has eat-in kitchen, living rm., 2 bdrms
& bath Bsmt & attic storage. Both units have separate LP gas
forced air heat, separate updated breaker electric service. On
site well Septic system, new in 1998. Attached 1 car
garage/shop Alum clad soffit & fascia.
OUTBLDGS.: Bam is masonry & frame hip bank bam
40’x66 w/40’x40’ addition Box stalls & steer pen, Frame
tobacco bam 46’x30’ w/tob cellar; 1 sty frame sow/hog bldg
200’x68’, 1 sty. frame finished hog bldg 110’x24’.
NOTE: Farm is zoned agriculture, set up for hogs & steers.
TERMS: 10% down, balance by Dec 30, 2003 Inspection by
appointment or open house on Sats , Oct 11, 18 & 25, from
1-4 PM For brochure, land plotting or financing call
Auctioneers’ or 717-733-1006
Terms By:
LANDIS W. & EDNA G. WEAVER
Auction By: 717-355-9715
Randal V. Kline, Roy E. Good, Jr., Randal Fischer, Atty
Keith Snyder, Auctioneers 9 yrS
Lie. #2116, #499, #3433 I <>*
717-445-4309 KLINE. KREIDER t GOOD
AUCTIONEER!
www.klinekreid6rgood.com
At the So. St. Paul terminal market, slaughter
steers sold .SO-1.00 higher and slaughter heifers
1.00 higher. Steers: Choice 2-4, 1206-1476 lbs
88-91.50, couple part loads 1315-1316 lbs
92.90-94.00. Heifers; Choice 2-3, 1106-1325 lbs
88 00-91.75
At Sioux Falls, slaughter steers and heifers
were 2.00-4.00 higher; Steers: Choice and Prime
3 1297-1469 lbs 94.60-95.40, Choice 3 1265-1410
lbs 91-93.00 Heifers; Choice and Prime 3,1249
lbs 93.50, Choice 3.1160-1335 lbs 91-93.10,
Daily cattle slaughter under federal inspec
tion week to date totals through Wednesday es
timated at 407,000 head compared to 404,000
last week and 384,000 a year ago.
CMG Futures Closes for Live Cattle: Septem
ber 90.40, up 1.15; October 85.85, up .62; De
cember 83.70, up .30.
Slaughter cows at South St. Paul sold steady
to firm. Premium White 70-75% lean over 1200
lbs 56-60.50, high dressing 60.50-61.50. Break
ers 70-80% lean over 1100 lbs 54-58.50. Boners
80-85% lean over 1050 lbs 51-54.00. Lean
85-90% lean 48-50.00.
Barrows and gilts at terminal markets on
Wednesday sold steady to 1.00 higher with
220-270 lb 47-51% lean barrows and gilts going
from 41-42.00. The National direct trade prices
are based on 185 lbs hog carcass with 09-1.1
inch back fat and 6 inch square loin/2.0 inch
depth plant delivered. National direct trade .50
higher with prices ranging 49-60.99, wtd. avg.
price 58.75. lowa-So. Minnesota direct trade
trended .50 higher with prices ranging from
49-60.25, wtd. avg. price 58.87. The Western
Cornbelt closed 6rm at 49-60.25, wtd. avg. wtd.
avg. price 58.73. The Eastern Cornbelt prices
were .50-75 higher at 51.50-60.99, wtd. avg.
price 58.83.
Hog slaughter under federal inspection esti
mate week to date totals through Wednesday
estimated at 1,152,000 head compared to a
week ago 1,144,000 and a year ago actual
slaughtered 1,173,000.
CME Future Closes for Lean Hogs: October
59.15, up 1,00; December 57.50, up .70; Febru
ary 58.72, up. 52.
Slaughter lambs sold steady at So St. Paul,
MN. 120-140 lbs 85-87.00, pkg shorn 140-145
lbs 88.00; 110-120 lbs 83-85 00. At San Angelo,
slaughter lambs on Tuesday sold firm to 1.00
higher. Choice 2-3 shorn and wooled 90-130 lbs
90-96.00.
Sheep and lamb slaughter under federal in
spection week to date total through Wednesday
38,000 head compared to 37,000 a week ago
and 38,000 a year ago
National Feeder Cattle
Weekly Review
St. Joseph, Mo.
September 12,2003
Report-Supplied By USDA
NATIONAL FEEDER & STOCKER CAT-'
TLE SUMMARY - Week Ending Sept. 12
Total Receipts: 382.200; last week 435,700; last
year 370,100. Direct 77,300; last week 75,700;*
last year 76,400. Video/lnternet: 8,300, last
week 153,000; last year 8,000. Auctions:
296,600, last week 207,000; last year 285,700.
This weeks auction volume mcludttl 39 percent
over 600 lbs and 43 percent heifers.
Compared to last week, feeder cattle and
calves sold 2.00-5.00 higher m very active trad
ing. The best demand was for yearling feeders
but calf interest was also high, especially near
the winter wheat regions. Southern
Plains farmers were busy taking ad
vantage of soil moisture and sowing
their wheat fields. They also had
their orders-m at the local livestock
auctions for some lightweights to
graze that wheat, once it pops up.
Calf prices remain modest compared
to yearlings and 700 lb steers rou
tinely yield the same price per
pound as those weighing 500 lbs. Di
rect feedlot trade exploded this week
with live sales trending 3.00-400
higher from 88.00-91.00 and dressed
sales ranging 5.00-7.00 higher from
140.00-145.00, mostly 143.00. Trad
ing occurred early in the week and a
few sellers left money on the table by
making the mistake of only raising
their asking prices by the usual 2.00.
History was set as Nebraska sales
broke the 90.00 mark; this price level
is nothing new to Nebraska feeders,
it’s just that in the past it was on a
dressed basis.
Northeastern slaughter cattle
markets at Vintage and New Hol
land, Pennsylvania sold outstanding
individuals for 100.00. This week’s
finished market blew past the previ
ous record from late March of 1993,
when prices topped out at 87.50.
Broken records were also the norm
for feeder prices with September
CME Feeder Cattle contracts closing
at 100.50 on Friday and Thursdays
CME Feeder Cattle Index hitting
99.87. Conversations in country cof
fee shops, feed stores, and salebams
also sounded like broken records
with two questions being endlessly
repeated... How high is this thing
going to g0?...and...H0w long will it
last? No one can answer either one,
because no one predicted that mar
kets would get within 10.00 cwt of
where they are. But, if significant
weakness arrives anytime soon it
will undoubtedly come from techni
cal indicators rather than funda
mental. Packer buyers keep return
ing to feedlots in hopes that they
overlooked a pen of finished cattle,
but there are none to be found. We
are currently experiencing the epit
ome of a sellers market. From Here
ford, Texas to Kearney, Nebraska;
mosf feedyards could go at least a
month without selling a hoof and
still not be in jeopardy of having
overfinished cattle
// / /