Al6-Lancaster Farming, Saturday, September 27, 2003
GRAIN, CATTLE, HOG,
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids; Wednesday, September 24, 2003
Com
Date
09/23/03 *CASH*
09/24/03 Sep 03
09/24/03 Oct 03
09/24/03 Nov 03
09/24/03 Dec 03
09/24/03 Feb 04
09/24/03 Apr 04
09/24/03 Jun 04
09/24/03 Aug 04
09/24/03 Oct 04
Composite Volume Open_lnt
09/23/03 23511 135982
Soybeans
Month Opening {High [Low
652 1/2
03Nov
04Jan T 653 1/2j659 3/4! 647
04Marr 648 1/21653 1/2;
629;
04Mayi
04JuI
621
04Aug |
606 611
04Sep
583 j 583|
04Nov
552!
Month Opening High Low
Soyb
an Meal
{Month OpeningJ
195.0
03Oct
03Dec 194.0|
193.8;
192.2!
04Jan
|o4Mar
187.5
jo4May
04Jul
185.21
04Aug
181.0
04Sep
174.0!
04Oct [ 166.01
164.0!
04Dec ”
j 0
163.7
Opening!
Month
East Fluid Milk
And Cream Review
Madison, Wis.
September 24,2003
Report Supplied by USDA
SPOT PRICES OF CLASS II CREAM,
dollars per lb butterfat: F. 0.8. producing
plants: Northeast: 1.6303-1.9397. Deliv
ered Equivalent: Atlanta: 1.6541-1.9040
mostly 1.7136-1.8564.
PRICES OF CONDENSED SKIM,
dollars per lb. wet solids, F. 0.8. produc
ing plants: Northeast: Class 11, includes
monthly formula prices: .8700-.9300.
Class 111, spot prices: 1.1500-1.3000
SPOTS SHIPMENTS OF GRADE A
MILK: FLORIDA; This Week: In 204,
Out 0; Last Week; In 204, Out 0; Last
Year: In 168, 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.
~ Previous Previous
Open High Low LaslChge Vo|ume open
0 0
21 109
8362 34285
62 123
10198 53796
2910 24590
1105 15711
698 6261
150 1042
5 65
0 880788078807 unch
9170918091209120 -10
8760 882087008720 -32
8600 871085408665 +lO5
8495 8555 84408467 -13
8240 827081908205 -35
7922 794078707885 -37
7310 732272607280 -25
7230 723571857185 -15
7310 731072707270 -40
653 1/2 1652 1/2
6581645 1/2
654 1/2 655 1/2
643
625
633
624 617 1/2
606
583
5551
550
High [Low
' 195.2
191.21
191.21
193.2 193.5
194.5)
194.41
191.0|
189.5 [
193.0!
185.5)
188.0)
183.5
186.0
181.5
180.0
174.8 \ 174.5
175.0 [ 174.0
166.5 f 165.0 1
163.0
164.5)
163.7
163.3 [163.2 bi 163.3 a
High
Low Closing
During August, milk production in the
20 major states totaled 12.13 billion
pounds, down 0.8% from August 2002.
The following are the August-to-August
changes for selected states: Texas 5 .3%,
New York -1.4%, Vermont -3.6%, Penn
sylvania -4.6%, Florida -9.0%, Kentucky
-9.6% and Virginia -10.1%. The base price
for Class I milk for October 2003 is $14.27
per cwt., up $.56 from September. A Class
I differential specific to each pricing point
(county) is added to the base price to de
termine the applicable Class I price. The
Class II skim milk price for October is
$6.66, down $0.03 from September.
The aftermath of Hurricane Isabel is
still being felt in the Middle Atlantic area.
Residents and businesses in the Carolinas,
Virginia, Maryland and Pennsylvania are
still without electricity. While power was
lost, affected plants had to redirect their
milk to other outlets and now that power
is being restored or generators are avail
able. these plants want milk back and
some are rather impatient about getting it
back. Milk handlers are working as best
they can to find the milk.and trucks to ce-_
- •> \ I
Closing
650 648 1/2
629
632
621 623 1/2
607
583 ,
553
552
Closing
'Settle iNetChg
1193.6 f
Closing
193.8 ) 193.4
193.2 f
192.0 |
187.3 |
185.8
186.0 )
181.5 !
65.1 b )165.2 a
163.5 | 163.7
Net Chg
Settle
(553
+2O
+241
655
649 1/4
+4
+ 10
630 1/2
622 1/41 +lO
6071
-10
5831
5521/2 -2 |
Settle Net Chgj
-11
-2
193.4 f
193.2 i
192,0!
+3
+3
187.31
185.9 [
+7
+lO
181.5
174.6 [
+6
165.2
163.6 T
+ i
163.3 j
+1
Settle [Net Chg
supply these plants. It is too early to know
definitively, but early reports indicate that
very little farm-milk was lost. Most farms
have generators and quite often, haulers
made early pick ups so that the farmers
would have room in their tanks during
the storm. Bottled milk demand is good
as stores restock their shelves, but many
schools are still closed due to loss of
power. Returned milk and its handling
are an issue for many bottlers.
Elsewhere, milk output is showing
more signs of increasing in the Southeast
and steady in the Northeast. Outside of
the “storm area” the milk and cream
business is little changed. Florida’s need
for milk is steady this week. Volumes of
surplus milk are tight and most manufac
The Nov. 22 issue of lancaster Farming's
Dairy Plus is scheduled to include the latest
quarterly TPI bull proof summaries for the
major breeds as a regular part of the book. yCWffjW
Also scheduled: sire information from
businesses, our first Dairy Plus Out-standing Farm
feature, and business and dairy cooperative news highlights.
Lean Hogs
Date
09/23/03 *CASH* 0 588258825882 -32
09/24/03 Oct 03 5930 59355735 5765 -165
09/24/03 Dec 03 5780 578056255677 -78
09/24/03 Feb 04 5950 596058205860 -97
09/24/03 Apr 04 5970 597258705950 -20
09/24/03 May 04 6200 622061656190 -57
09/24/03 Jun 04 6475 647563906450 -22
09/24/03 Jul 04 6130 613060506080 -32
09/24/03 Aug 04 5910 594058805940 -15
09/24/03 Oct 04 5225 523051605230 unch
Composite Volume Open_lnt
09/23/03 9475 53044
Live Cattle
Date
09/23/03 *CASH*
09/24/03 Sep 03
09/24/03 Oct 03
09/24/03 Nov 03
09/24/03 Dec 03
09/24/03 Feb 04
09/24/03 Apr 04
09/24/03 Jun 04
09/24/03 Aug 04
09/24/03 Oct 04
Composite Volume Open_lnt
09/23/03 23511 135982
Pork Bellies
Date
09/23/03 *CASH* 0 870087008700 unch
09/24/03 Feb 04 8510 856584758517 +l2
09/24/03 Mar 04 8475 849084508450 unch
09/24/03 May 04 8625 8635 8625 8625 -115
09/24/03 Jul 04 8900 890089008900 -100 1
09/24/03 Aug 04 9100 910091009100+500 0
Composite Volume Open_lnt
09/23/03 453 1904
Oats
Month Opening [High
03Dec
141 1/2 144 1/2
04Mar
147 1/2
04May
04Jul
|o4Sep
04Dec
I Opening
Month
hiring plants are operating well below ca
pacity levels.
The condensed skim market is fairly
good for Class 11, but slow for Class 111.
Most sales are contractual, but some spot
interest is noted where buyers are not get
ting enough from regular suppliers. The
fluid cream market remains firm. Offer
ings are tight early in the week, but ade
quate late in the week. Demand is good
and readily clears most of the current of
ferings. Spot prices arc higher since the
CME average price of butter increased 2.5
cents last week. Isabel disrupted all levels
of the market late last week and things
are just getting back to some semblance of
normalcy this week. Churning activity is
limited.
, , w Previous Previous
Open High Low Last Chge Vo|ume ope „ In ,
0 0
4607 15519
3904 26316
764 6887
154 2252
17 440
12 1051
17 375
0 143
0 60
~ ¥¥ . . ¥ ¥ Previous Previous
Open High Low Last Chge volume Openjnt
0 0
21 109
8362 34285
62 123
10198 53796
2910 24590
1105 15711
698 6261
150 1042
5 65
0 880788078807 unch
9170 918091209120 -10
8760 882087008720 -32
8600 871085408665 +lO5
8495 855584408467 -13
8240 827081908205 -35
7922 794078707885 -37
7310 732272607280 -25
7230 723571857185 -15
7310 731072707270 -40
„ . , . . Previous Previous
Open High Low Last Chge Vo , ume ope „
0 0
442 1825
9 33
0 19
Low
140 1/2
147 1/2
150 1/2
154 n[
155 n |
[High
Low
[Settle [Net Chg
’ 71411/2' -2
]l4B 1/4 f ~ -2
Closing
141 I/277
148 1/4 bf
' l 5 lb| 152 a [ 151 1/2 "
151 a |
L .Clftsjiijg 'Settle Net Chg
Average Farm Feed
Costs for Handy
To help farmers across the state to have
handy reference of commodity input costs in
their feeding operations for DHIA record 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 Pennsylvania.
Remember, these are averages, so you will
need to adjust your figures up or down accord-
ing to your location and the quality of your
crop.
Corn, No 2> 2 75 bu , 4 93 cwt
Wheat, No 2 3 29 bu , 5.49 cwt
Barley, No 3 1 90 bu, 407 cwt
Oats, No 2 1 80 bu, 5.60 cwt.
Soybeans, No.l 5.77 bu., 9.63 cwt
Ear Corn 82 50 ton, 4.13 cwt.
Alfalfa Hay 113.75 ton, 5 69 cwt.
Mixed Ha\ 118.75 ton, 5.94 cwt
Timothv Hav 12625 ton, 6.31 cwt
27
0
Unch
154 Unch
155? Unch
151!
-20
Reference