Dairy market update under 1987 budget act and holiday shifts
The Budget Reconciliation Act of 1987 removes sequester discounts on CCC dairy contracts and adds a 2.5 cent per hundredweight tax for 1988 milk. November butter and cheese stocks fell year over year and month to month, with government shares down sharply. CPI for all food rose 3.32 percent, dairy up 2.32 percent. National Cheese Exchange prices steady, CCC purchases large, and dairy cattle slaughter/export totals documented. Wisconsin shipments to Michigan and strong bottling schedules near holidays reflect seasonal demand.
Holiday holiday slows beef market prices slide
Packers and processors stocked for the holiday period with steers and heifers down for the week as wholesale dressed beef movement slowed. Slaughter steers 1,000 to 1,550 pounds mostly 63 to 64 dollars, Holstein choices 58 to 60, cows 41 to 50, bulls steady, feeder supply light, pork steady to firm, lambs up 1 to 3 dollars, and Lake to Lake Dairy Cooperative pays 266000 to stockholders and debenture holders at 8 percent.
MENTIONED IN THIS ARTICLE
South St. Paul
Lake To Lake Dairy Cooperative
Also Mentioned on This Page
Madison
Daily Market News
Reagan
Commodity Credit Corporation
National Cheese Exchange
Green Bay
Chicago Mercantile Exchange
CCC
Wisconsin
Michigan
USDA
Choice
Good
U.S
U.S. 1
Manitowoc
Lawrie Kull
Pest Vey
Coloma
Mid-America
Dairymen, Inc
Landmark Genetics
Koller & CO
Durand
Wis
Packers
Champion Packers
Portland Road
Waterloo
Stone Lake
Deutz Allis
Ae AN
Mid-America Dairymen, Inc
United States
Mid- America Dairymen, Inc
Dairymen
Minnesota
Texas
Mio
America
Ocsaanerce
VR FO Goodman
Inlowest
USA
Dairymen. Inc
Asi
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!