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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Dec 21, 1983
Page
2
South St. Paul Minn December 19 exchange date reports steer and heifer prices by weight and grade with cattle veal hogs sheep and feeder cattle listings. Includes Friday closing notes and holiday closure with varying bids for Holstein and feeder animals and auction details.
Madison prices for Wisconsin potatoes were mostly unchanged last week as no prices were set on round reds and logp due to weak sales. Russet burbanks in 100 pound sacks sold for 7.77.25, with several scrap and metal items listed for resale including aluminum cans 35 to 43 cents per pound and sheet copper at 25 cents per pound. Prices fluctuate with markets and vary by item and source.
Last week American Feeder Pig Co op lists select 45 lb pigs at 25 to 26 dollars. This week Midwest Livestock Producers offers 40 to 50 lb premium grade detailed pigs at 27 to 30 dollars picked up on farm.
On the Chicago Mercantile Exchange futures for live cattle and other livestock rose to new contract highs as bitter cold boosted demand expectations. December live cattle reached 67.65 cents a pound, with February 66.50, April 66.77, June 66.80, August 65.35 and October 63.30. December delivery settled at 67.50, feeder cattle mixed around 68.75 for January, while December hogs lagged in the mixed session.
Wisconsin eggs and produce prices show unchanged Butter Grade AA at 1.41, Grade A and B at 1.38. Cheddar cheese barrels 1.27 percent, blocks 1.31. Eggs higher numbers across sizes with December at 49.60 cents per pound, pork bellies February at 64.32 cents. Grain futures on Chicago Board of Trade mostly higher: wheat 3.52, corn 3.37, oats 1.86, soybeans 7.82 per bushel. note 5,000 bushel minimum and dollar per bushel pricing.
United States November milk output reached 10.9 billion pounds, up 5 percent from November 1981 and 2.95 percent above last year. January to November 1983 total production is 128 billion pounds, up 4 percent from 1981. Surplus dairy purchases by the Commodity Credit Corp. last week included 5.6 million pounds of butter, 13.6 million pounds of cheese, and 15% million pounds of nonfat dry milk, with a 250 million pound fluid milk equivalent the largest in 16 weeks. Milk trends show steady South, rising East, flat Wisconsin, and easing in the West.
Early week trading reflected solid buyer demand for slaughter needs, driven by higher live prices due to gains in dressed beef. Boxed beef rose about 0.42 per pound, cull cows ranged 25 to 37 cents, cutters to breaking utility up to 32 to 37 cents, slaughter bulls 36 to 45 cents, veal calves 65 to 90 cents, hogs 46 to 50 cents, sows 35 to 43 cents, and slaughter lambs 59 to 63 cents with woole d lambs 55 to 60 cents.
Wheat and feed grains moved mostly lower across the nation as snow ice and cold limited movement in the north. Trading was thin with mills covered for January flour and exports sharply reduced by a strong dollar. Foreign selling constrained U S export grain sales while yellow corn markets fell on higher elevator selling and PIK program approach.
The report lists Dec 22 1982 market quotes for grain and livestock with price ranges and notes December 21 1973 figures for comparison. It also cites port closures on the Great Lakes, reduced corn demand from feed use, and mixed oat and barley movements in Midwest markets including Toledo and Minneapolis.
December prices show rye No 2 at 2.55, corn No 2 at 3.12, oats No 1 at 1.90 to 2.00, barley not quoted, flax No 1 at 6.80, sunflower seeds at 14.50 per cwt, and feedstuffs per ton include soybean meal 44% 228.20, 47% 247.20, linseed meal 34% 180, meat meal 50% 230, gluten feed 153, gluten meal 288, wheat bran 103, wheat middlings 100, and alfalfa meal dehydrated 124.
Iowa State University extension economist Bob Wisner says November and December losses left January futures down but a brief price strength around eight dollars per bushel later this winter is possible. He notes a tight supply demand balance, influence of weekly crushings, exports, and South American weather, with further gains possible if December hogs data show reductions in farrowings or improved margins.
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