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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Aug 28, 1985
Page
4
The report lists robust price ranges across livestock, including veal calves to fat cattle and Holstein bulls to dairy heifers. Beef calves and hogs show varied but steady to lower ranges, with sheep, feeder pigs, sows and boars following their respective commodity norms.
Milwaukee trade data shows FED CATTLE mainly steady to higher with choice steers 46-49 and good to choice Holsteins 39-44. slaughter cows 32-37. veal 60-70 prime. feeder calves 50-85. hogs weak to 42-42.50 with sows 33-37. lambs 50-62. replacements and Holsteins cited with multiple weight-class prices across August 14 to 26 listings.
Beetown market reports show 665 head sold including slaughter calves 30 to 55 and replacement calves 55 to 105. Cattle prices listed for Fed cattle steers 51 to 54 and heifers 50 to 52 with Holstein steers 44 to 48 and lower grade canners 33 to 38. Feeder cattle sale August 17 lists 300 to 500 pounds 65 to 75 and 600 to 800 pounds 55 to 64. Holstein steers 350 to 500 pounds 45 to 53 and 600 to 800 pounds 44 to 48. futures show Wheat 3.19 and Corn 2.30. Soybeans 5.05. Cash prices for Spring Wheat No 1 U.S. dark northern 3.25 to 3.57 to 3.94 depending on protein.
Market notes list winter wheat and various feedstuffs with per ton FOB Minneapolis prices. Items include Durum Rye Corn Oats Barley Soybeans flax and sunflower seeds with meal and grain by products. Prices shown reflect Aug 20 quotations and highlight ranges for several cereals and protein meals.
August 22 trading shows 404 head of beef steers at 48 to 50.10, beef heifers 48 to 50.90, Holstein steers 43 to 46.75, butcher cows 36 to 39, bulls 45 to 48.75, veal calves 50 to 1.03, packer sows 34.50, bears 33.50. Butter and cheese prices inch higher and eggs hold steady with Wisconsin markets noting ranges across grades.
Livestock report shows slaughter steers and heifers down 50 cents to $1 at South St. Paul for week ending Aug 23, with Holstein cattle weak to $1 lower and cows $1 to $3 lower. Nationally, prices trended steady to $1 lower for slaughter cattle as marketers faced weaker dressed beef prices.
Lancaster feeder pig sale lists 987 head traded on August 21 with prices by weight from 40 to 70 pounds. Noted decline from a week earlier with 1,500 head sold in Minnesota at South St. Paul on August 19 showing weak demand and prices ranging 27 to 32.4 percent. Green tagged pigs from Midwest Livestock Producers picked up on farm priced 28 to 31.
For the week ending Aug 22, futures slipped as record crop expectations and weak exports weighed. Minneapolis spring wheat fell to 3.22 while white wheat held at 3.48, corn rose slightly at CBOT, soybeans slid, and export inspections signaled weaker wheat and stronger corn and sorghum demand amid rain delays and Russia crop deterioration.
USDA projections show U S corn harvest boosting world grain inventories by about 22 percent this year. Strong harvests abroad lift global stocks to a record 241.6 million metric tons by 1986, while U S shares of exports fall from 95.3 to 84.3 million tons, signaling a weakened price outlook for farmers.
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