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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Aug 04, 1982
Page
2
Monday cattle and hog prices with steady to mixed moves across breeds. Slaughter steers and heifers show small declines or gains, Holstein steers steady to higher, cows and bulls largely steady, calves feeders and replacement calves listed with varied bids, hogs higher in bulk and sows steady to firm. Other livestock including sheep and lambs, and feeder cattle quotes, rounded out for the day.
Madison area dairy trends show milk production falling in most sections with supplies variable from scarce to ample for bottling and manufacturing. Cream demand from ice cream makers rises while fluid milk output declines, reducing butter production and moving less surplus butter to the government. CCC bought 1.1 million pounds bulk butter last week. Wisconsin fluid milk shipments out of state fell sharply. Florida received 55 truckloads from other states.
Ettrick livestock quotes show cows and feeder cattle with steady to weak demand. Beef items range from 36 to 110 dollars for different categories, while sows and bears fetch 43 to 51 dollars. Futures list crops and feedstuffs with Minneapolis and Chicago prices, including wheat, corn, oats, soybeans, flax and sunflowers, plus July 27 feed prices per ton for several major meals and grains.
American Feeder Pig Co op selects 45 lb pigs at 52.75 to 53.75 dollars. Midwest Livestock Producers offers 40 to 50 lb pigs at 51 to 54 dollars, picked up on farm. Additional 40 to 50 lb pigs priced 52 to 59 dollars.
The notice lists scrap metal prices from Max Phillips and Sons for various items including complete automobiles, sheet iron, deep freezers, non ferrous scrap such as aluminum and brass, radiators, stainless steel, and newspaper waste. It also shows grain and livestock quotes with August 4 1981 and 1972 dates, covering wheat corn oats soybeans eggs and cattle prices with ranges.
Last week at South St. Paul yards mixed prices across species with slaughter steers down to 65.20, cows up 2 to 3, feeders steady, hogs up a dollar, veal calves steady and lambs steady to slightly lower. Top steer price reached 65.20, Holstein steers up to 60.50, cows to 45, hogs steady to higher, sows 51 to 61 cents, feeders 60–80 pounds 62–68 per head, veal 40 cents to 1 per lb, replacements 70 cents to 1.20. Total cattle and hog counts shown with declines vs last year.
The Minneapolis Grain Exchange saw sharply lower prices as farmers dumped grain amid weak demand and heavy selling. September wheat fell 11 percent to 3.88 per bushel, September corn dropped 12 percent to 2.46, and Chicago soybeans declined 14 percent to 6.04. Rye, oats, barley, and oilseeds all slid on ample supplies and weak margins with feed barley rising to 1.83 and soybean meal at 177.90.
Wisconsin eggs hold steady with extra large 59-64 cents, large 56-59, medium 41-44. Butter unchanged at Grade AA 1.49, Grade A 1.47, Grade B 1.47. Cheese steady with cheddar barrel 1.31 and 40 lb blocks 1.35.
USDA data show total red meat and poultry output in early 1982 down 3 percent from a year earlier, lifting cattle and hog prices. With lower feed costs, producers see strong profits, the strongest since 1979, though second-half production remains below last year, pork output set to fall sharply and beef and broiler gains only modest. Slower pork, rising live prices, and tax cuts plus Social Security may sustain higher retail meat prices into mid-summer, while 1982-83 outlook expects continued production declines and cautious price support.
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