Al6-Lancaster Farming, Saturday, October 4, 2003 GRAIN, CATTLE, HOG, & MILK BFP FUTURES MARKETS Market! Courtesy of Chicago Board and Mercantile F.xrh.„g. Closing Bids: Thursday, October 2, 2003 Com Month [Opening [High [Low j Closing [Settle Net Chg 03Dec 222 222 1/2' 2201 2203/4 F 220 2201/4| Unch 04Mar| 231 231 2281 228 3/4 1 228'2281/21 Unch 04May 235 1/2 235 1/2 233 1/21 234 [233 1/2 233 3/4[ +2 ;04Jul 2381/4 239! J237| 237 :2371/4 237 i Unch !04Sep 2361/2 23 f 2361 236 236! +4 04Dec 2371/2 23812361/21 237 2371/4 | 237] OSMar ” : 2431/4 n 243 1/4| |osMay 246 n 2461 +4 IoSJuT __ , _ I 249ni _~~'^249\ OSDec [__ • |2371/2n| _J~_~J237 1/2 [ +4 Month [Opening [High [Low I Closing [Settle [Net Chg Soybeans Month [Opening [High |Low j Closing [Settle (Net Chg 03NovJ 701 701 692! 698 | 696 697 +96 |o4Jan [ 705 705 695 7001/2 i 698 6991/41 +92 04Mar| 695 1/2 695 1/2 j6BB 1/21 694 j 692 1 693 j +B6! io4May[ 6741 674 668 1/21 672 1/2j 671 1/2 | 6721 +B2 ;04Jul [ 666 1/2 666 1/2 j 661 j 665 [663 1/2 664 1/4 +76 j io4Aug [ 650 652 1/2 | 649 648 1/2 bj 649 a ! 649| +74j ;04Sep"f 618 620 1/2 j 6171 617 3/4 | [6173/4[ +B6l |o4Nov| 586 1/215861/2 j 5811 _] 58lJ~] '_sB3j’ ~ 582 [ ~~+44; Month [Opening[High [Low I Closing [Settle [Net Chg; Soybean Meal Month jOpeningjHigh Low f” Closing Settle Net Chg 03Oct | 205.0 205.0 202.01 202.0 202.5 202.2 +8 [o3Dec~[ 206.5 207.0;203.8 204.5 204.1 204.3 ’ +l7 206.5 206.51 04Jan ; 04Mar[ 205.5 [205.5 (. 201.0 201.0 Jo4May| 04Jul |o4Aug [ 199.01199.51195.61 194.0 J 194.0 1 191.5 1 187.01187.0 [183.01 183.0 I 176.0! 176.01171.8 [ 171/7b ,171-8 a 1 172.5 172.5 [169.7| 169.7 [ ! 169.7] 171.9 172.0 |169.7 j 169.5 b ] 169.7 a 169.71 -7j Opening |Hlgh jLow j Closing Settle (Net Chg | 04Sep 04Oct I 04Dec [ 105 Jan | j Month [' East Fluid Milk And Cream Review Madison, Wis. October 1,2003 Report Supplied by USDA SPOT PRICES OF CLASS II CREAM, dol lars per lb butterfat: F. 0.8. producing plants* Northeast. 1.6364-1.8973. Delivered Equivalent. Atlanta: 1.6483-1.8972 mostly 1.7076-1.8380. 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: 1.1500-1.3000. SPOTS SHIPMENTS OF GRADE A MILK: FLORIDA: This Week: In 201, Out 0; Last Week; In 204, Out 0; Last Yean In 154, Out 0. SOUTHEAST STATES: This Week: In 40, Out 0; Last Week: In 40, Out 0; Last Yean 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 Milk production is rebounding nicely in the Humcane-ravaged areas. Power has been re stored in most areas, but some scattered house holds just got back on line this past weekend There is still no definitive word on how much, if any, milk was lost because of Isabel. The milk flow in New England is mostly steady and milk supplies are still reported as tight. Florida’s 204.0 204.8 [ 202.6 [ 203.2 [ 197.8 i 197.9 198.0 j 196.0 | 195.6 | 192.0 i milk production is increasing, but still short of needs. For the third consecutive week, more than 200 loads of milk were imported into the state. Bottled milk sales are settling back into normal patterns as schools that were closed by Isabel are back in session. Retail sales of bottled milk are not as brisk as they have been, but con tacts expected a slight lull after restocking storm-impacted stores. Some bottlers did try to put up more inventory before October Class I prices went into effect and their late-week milk orders are a little lighter than normal. Surplus milk volumes remain light and some plants have little milk to process at mid-week. Week end volumes are heavier, but still below typical levels. Cheese plants are often taking more milk which pulls volumes away from butter/powder plants. In the Southeast, manufacturing plants are a little more active than they have been, but most have plenty of capacity should it be needed. The condensed skim market is firm. Class II condensed skim sales are quite good, when it is available. Class 111 condensed skim remains weak as the price is prohibitive when compared to NDM prices Few spot sales of wet solids are being reported since most producers are having some difficulty meeting the needs of their regu lar accounts. The fluid cream market continues firm, but supplies, though tight, are not as tight as they have been. Demand is good and prices are steady to lower since both the weekly average 204.7, 204.6 | 203.11 203.0 j 197.9 f 195.81 192.61 183.0 171.8' price for cash butter at the CME and multiples eased lower. Supplies report that buying interest from cream cheese makers is improving. Also, butter makers are showing more interest as some are soliciting cream, which runs counter to typical patterns for Class IV cream buyers. Ice cream production is about steady, but re ports of some plants being down several days this week for maintenance have been noted. Churning activity is light Dairy Products Prices Highlights Washington, D. C. September 26,2003 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 20. The price per 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. Also scheduled: sire information from businesses, our first Dairy Plus Out-standing Farm feature, and business and dairy cooperative news highlights. Lean Hogs Date 10/01/03 *CASH* 10/02/03 Oct 03 10/02/03 Dec 03 10/02/03 Feb 04 10/02/03 Apr 04 10/02/03 May 04 10/02/03 Jun 04 10/02/03 Jul 04 10/02/03 Aug 04 10/02/03 Oct 04 Composite Volume Open_lnt 10/01/03 10420 48506 +6 +lO Live Cattle +4' Date 10/01/03 *CASH* 0 987598759875 +9OO 10/02/03 Oct 03 8850 899288508950 +6O 10/02/03 Nov 03 8910 8955 88708890 -22 10/02/03 Dec 03 8525 8675 85208620 +55 10/02/03 Jan 04 8610 8625 86108620 +95 10/02/03 Feb 04 8270 8385 82708350 +55 10/02/03 Apr 04 7955 804079508022 +62 10/02/03 Jun 04 7390 744573627420 +6O 10/02/03 Aug 04 7320 736072907332 +37 10/02/03 Oct 04 7440 744073007440 +45 Composite Volume Open_lnt 10/01/03 21179 139071 Pork Bellies Date 10/01/03 *CASH* 0 940094009400 unch 10/02/03 Feb 04 8670 8695 85208652 -48 10/02/03 Mar 04 8660 86608525 8570 -40 10/02/03 May 04 8660 8660 86608660 +5O 10/02/03 Jul 04 8850 885088008850 unch 10/02/03 Aug 04 8700 870087008700+100 Composite Volume Open_lnt 10/01/03 184 1857 Oats + 16 +is! +6 Month Q3Dec 04Mar r' + 1 +7 !