Al6"Lancaster Fanning, Saturdayr December 20, 2Q03
GRAIN, CATTLE, HOG,
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids Thursday, December 18, 2003
Com
Month Opening High Low
251 251 248 1/4
04Mar
254 254 251 1/2,
04May;
04Jul
256 256 254
04Sep ,
250 1/4 250 3/4 249 1/2
04Dec ; 248 1/4 249 248
OSMar. 253 1/4 253 1/4 252 3/4
05May
258 258 1/2 257 1/21 257 3/4
OSJuI
OSDec ;
246 247 246|
Month [Opening [High [Low i Closing
Soybeans
Month {Opening High
766 766 1/2
04Jan
04Mar 771 1/2 111
04May 760 760
04Jul 747 747 1/2
04Aug 721 721 1/2
04Sep 670 674
615 615 1/2
04Nov ;
05 Jan
OSMar;
Month [Opening High
Soybean Meal
Month Opening High Low I Closing
04Jan 229.8 230.21225.8 i 227.0 227.2
04Mar,
231,2 231.6
227.6 228.0
04May
04Jul |
223.0 223.3
04Aug j
215.3 215.3
04Sep
204.0 204.01
04Oct
184.0 184.0
180.5 180.5 179.0' 179.5 179.2
04Dec
05 Jan
OSMar
05Jul
05Oct 180.0 b 181.0 a 180.5 Unch
Month j Opening iHigh |Low ] Closing Settle |Net Chg
East Fluid Milk
And Cream Review
Madison, Wis.
December 17, 2003
Report Supplied by USDA
SPOT PRICES OF CLASS II CREAM,
dollars per lb butterfat. F. 0.8. producing
plants Northeast; 1.7145-1.9685. Deliv
ered Equivalent. Atlanta 1 7272-1.9812
mostly 1 8415-1 9304
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: .9800-1.0600.
SPOTS SHIPMENTS OF GRADE A
MILK- FLORIDA- This Week- In 32, Out
0, Last Week. In 0, Out 0, I-ast Year: In
51, Out 0 SOUTHEAST STATES- This
Week: In 0, Out 0; Last Week In 0, Out
0, Last Year- In 0, Out 0
EDITOR’S NOTE- Due to changes m
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
announced the following, November 2003
uniform prices: Northeast $14.95, Mideast
$13.93, Southeast $15.72, Florida $l7 47,
Closing
2491/2 2491/4
252 1/4 '252 1/2
254 1/2 254 3/4
249 1/2
248 2481/4
252 3/4
256 1/2 n.
246
Closing
Low
754 759
758 1/2 763 1/2 764 1/2
754 753 1/2
748 1/2
737 1/2 740 1/2 742
714 717 1/2
669
669
611 612 1/2
612 1/2 n
610 1/2 n
Low
Closing
226.5 228.5 228.2
224.2' 225.5 225.3
220.0 221.5 221.2
212.7 213.0 213.2
202.0; 202.5 b 202.8 a
ISI-S'lSl.S b 181.8 :
179.5 b 180.0 a
180.3 b 180.7 a
183.5 b 184.0 a
and Western New York (a state order)
$14.72 at the base city or county in the or
ders. (For the Northeast, Mideast, and
Western New York orders, statistical un
iform prices are reported.)
Another, less severe, snow storm hit
parts of the Northeast this week and some
farm pick-up schedules were delayed.
Milk output is starting to rebound slightly
in the Northeast, but milk supplies re
main tight for overall needs
In the Southeast, the milk flow is show
ing more signs of increasing, but the re
cent rain and cooler weather are retarding
the gains seen the past few weeks. Flori
da's need for mdK was up this week and
imports did take place. Contacts report
that the\ are already planning on ship
ping milk out of state next week when
schools are on vacation. This week's re
opening of 41 grocery stores closed by
strikes, redistributed the Class I milk de
mand. Surplus milk supplies are still
tight, but contacts at manufactunng
plants are getting more calls from han
dlers looking for outlets during the next
two weeks Because of the tighter milk
supply and current plant capacities, con
tacts do not feel that the pressure to clear
the holiday milk to be too bad.
The condensed skim market ranges
Settle Net Chg
249 1/2 -20
252 1/2
254 3/4
249 1/2
248 1/4
252 3/4
2561/2 +4
257 3/4
246, Unch
[Settle [Net Chg
(Settle jNet Chg
759 1/2 -90
760
764
753 3/4
741 1/4
717 1/2
669
612 1/2
612 1/2
610 1/2
Settle [Net Chg
iSettlelNet Chgj
227.1 -28
228.4
225.4
221.4
213.1
202.7
181.8
179.4
179.8
Unch
180.5
183.7
Unch
from fair to improved. Most sales are to
contract accounts, but a few spot sales
were noted this week
The fluid cream market has held sur
prisingly firm early this week Prices are
mixed, but generally higher as last week's
average CME butter price gained almost
2 5 cents. The multiples used to determine
prices did move a little lower to help off
set the butter price increase However,
contacts feel that the closer we get to next
week the lower multiples will become
Production of holiday items like egg
nog, bottled whipping cream, dips, and
sour cream have slowed significantly.
Cream offerings are increasing along sea
sonal patterns Ice cream production is
holding fairly high this week, but many
producers will be down during the two
week holiday period starting Monday,
12/22. Churning activity is light, but ex
pected to increase this weekend.
Dairy Products
Prices Highlights
Washington, I). C.
December 12, 2003
Report Supplied By NASS/USDA
DAIRY PRODUCTS HIGHLIGHTS;
CHEDDAR CHEESE prices received cember 6. The U.S. price per pound in
fer US 40 ppuntU^Mys
..1i . V .
Lean Hogs
iP' is m
1 2/1 7/03
12/ 16/0 *
1 / I */0 <
1 2/ I 2/0 -I
-16
Fc'i Tin I » t
-10
b days
20 days
65 days
-10
100 days
260 days
Year to Date
Live Cattle
12/ 18/03
12/17/03
12/16/03
12/15/03
12/12/03
Mi I
-92
5 days
70 days
6b days
-80
1 OO days
260 days
-82
Year to Date
-66
Pork Bellies
-50
-40
I ?/ 1 H/OJ
J 2/ 1 7/03
-44
1 6/0 H
-44
J flay
20 days
lOt days
-28
-22
Oats
-17
| Opening High |Low
1 147 1/2 147 3/4
: ISO 1/4 150 1/4 148 3/4 148 3/4
-17
Month
-10
04Mar
-17
04May
04JuI
04;Sep
-12
04Dec
05Mar
05May
I Opening High , Low
Month
SI 7S
L 2 05
*-> OS
S 2 SO
52 bo
3O on 12/12/03
57 00 on 12/01/03
63 00 on 10/15/03
5 Day
20 Day
65 Day
63 00 on 10/lb/03
10/ 15/03
10/15/03
100 Day
63 00 on
2bo Day
Year to Date
63 00 on
New High
Midi
1 time(s)
3 time(s)
5 time(s)
19 time(s)
31 time(s)
27 time(s)
89 lb
88 80
90 50
88 40
89 0 7
90 80 oi
5 Day
94 95 oi
94 95 oi
20 Day
65 Day
94 95 on
100 Day
94 95 on
260 Day
94 95 on
Year to Date
w Hirjh
r \ id.
2 time(s)
7 time(s)
19 time(s)
28 time(s)
4 1 time(s)
41 time(s)
85 30
84 1 b
5 Ody
89 50 ot
93 40 ot
20 Day
b5-Ddy
93 40 ot
93 40 or
2CSO Day
m»i rj \j Hif|h
n lirne(i)
5 time(s)
? time(s)
in Hme{s)
• * time(b)
10 time(s)
per pound for the week ending December
6 The price per pound decreased 3.4
cents from the previous week. The price
for US 500 pound Barrels adjusted to 38
percent moisture averaged $1.26 per
pound, down 6.2 cents from the previous
week.
BUTTER prices received for 25 kilo-
gram and 68 pound boxes meeting USDA
Grade AA standards averaged $1.21 per
pound for the week ending December 6.
The U S. price per pound increased 0.7
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 7 cents per pound
for the week ending December 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 standards averaged 19.9
cents per pound for the week ending De-
SI /S
00
51 t> r »
52 50
52 /S
51 U)
52 95
52 15
53 30
,1 90
Mci'lo
H ii ni F i uni
1 1 7
3 time(s)
8 time(s)
-) /A
1 7 ttme(s)
IS Jj
16 33
9 time(s)
1 8 3 3°'
10 time(s)
18 33
12 time(s)
88 05
89 20
88 80
89 85
90 80
89 lO
90 OS
88 15
90 lO
88 10
12/16/03
12/03/03
12/03/03
12/03/03
12/03/03
12/03/03
Miidi
P. u f ill Fri m
2 time(s)
3 03 /
5 time(s)
2 tirne(s)
2 timo(s)
8 time(s)
8 time(s)
80 oo
85 OO
12/18/03
12/03/03
10/14/03
10/ 14/03
10/14/03
10/14/03
2 \ ime(s)
s tlme(s)
/ tirne(s)
3 tune<s)
5 timers)
5 tlrne(s)
Closing (Settle [Net Chg
146 145 3/4 146 -16
145 !
149 1/2 b 150 1/2 a 150
146 b
150 a
154 n
Closing
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 up or
down according to your location and the
quality of your crop.
Com, No.2y 2.66 bu., 4.76 cwt.
Wheat, N 0.2 3 49 bu , 5.82 cwt.
Barley, N 0.3 1.92 bu„ 4.10 cwt.
Oats, No 2 1.86 bu., 5.79 cwt.
Soybeans, No.l 7.15 bu., 11.93 cwt.
Ear Corn 70.69 ton, 3.53 cwt.
Alfalfa Hay 136.25 ton, 6.81 cwt.
Mixed Hay 136.75 ton, 6.84 cwt.
Timothy Hay 144.00 ton, 7.2 cwt.
'»% *v<v
51 A 5
5 V
52 80
52 , /
51 00 on 12/18/03
51 ()0 on 12/18/03
51 00 on 12/18/03
51 00 on 12/18/03
51 00 on 12/18/03
51 00 on 12/18/03
Pei l nm
Nt v Imv
H 0 8850
-t 0 8850
+ 0 88^.
0 88%
+ 0 88%
+ 0 88 Vo
88 05
89 55
89 20
89 97
88 62
88 05 on 12/18/03
88 05 on 12/18/03
80 05 on 09/22/03
76 25 on 08/05/03
71 OO on 03/11/03
71 OO
>n 03/11/03
Pt it n'
unrh V,
-t 9 99%
4 1 S 48
01 /
+ ->4 01
81 9 S on 12/15/03
83 95 on 12/15/03
82 82 on 10/22/03
26 40 on 08/05/03
m 08/05/03
m 08/05/0 i
76 40
76 40
148 3/4
146 Unch
150 Unch
154 Unch
ISettle Net Chg
Average Farm Feed
Costs for Handy
Reference
.'WVV/Vi’r'?', ‘.’t ,
it Fr r
1 SO
4 0 35
4-135
0
-14
+2
Unch