Dairy Prices and Stocks Slide as 1988 Levy Applies
The Budget Reconciliation Act of 1987 ends sequester penalties on dairy price support payments. An assessment of 2.5 cents per hundred pounds will apply to milk marketed commercially in 1988. November butter and cheese stocks fell versus 1986 and October 1987, with butter at 155.4 million pounds and cheese at 390.3 million pounds. CPI for dairy rose 2.32 percent. whole milk and cheese gained 2.2 and 2.8 percent respectively. National Cheese Exchange prices held at 1.10 for barrels and 1.19 for 40-pound blocks. no butter quote in Chicago due to holidays.
MENTIONED IN THIS ARTICLE
Commodity Credit Corporation
National Cheese Exchange
Green Bay
Chicago Mercantile Exchange
Slow holiday slaughter cuts into beef markets
Slaughter cattle and hog markets weakened during the pre Christmas week as packers filled plants for holidays. Slaughter steers and heifers dipped up to one dollar, Holstein cattle held steady to lower, and cows shifted higher as wholesale dressed beef movement slowed. Feeder pigs and young lambs showed mixed but stable to higher demand with limited testable cattle supplies.
MENTIONED IN THIS ARTICLE
South St. Paul
Lake to Lake Dairy Cooperative Pays 266000 to Members
Manitowoc Lake to Lake Dairy Cooperative announced it has paid out 266000 to its stockholders and debenture bond holders at eight percent. Lawrie Kull, chief operating officer, said the rates are favorable compared with current savings yields and that the investment strengthens the cooperative's capital base for plant improvements and higher member returns.
MENTIONED IN THIS ARTICLE
Lake To Lake Dairy Cooperative
Lawrie Kull
Lake To Lake
United States
Mid- America Dairymen, Inc
Mid-America
Dairymen
Minnesota
Texas
Also Mentioned on This Page
Madison
Daily Market News
Reagan
CCC
Wisconsin
Michigan
USDA
U.S
Choice
Good
U.S. 1
Manitowoc
Landmark Genetics
Koller & CO
Durand
Wis
Packers
Champion Packers
Portland Road
Waterloo
Stone Lake, WI
Deutz Allis
Birene
Rt. 1
Coloma
Dairymen, Inc
MEN, Inc
America
FG Goodman
Midwest
USA
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!