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Country Today in Eau Claire, Wisconsin

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Newspaper

Country Today

Location

Eau Claire, Wisconsin, United States of America

Date

Dec 30, 1987

Page

9

Dairy market shifts after 1987 budget act restrains sequester

The Budget Reconciliation Act of 1987 ends sequester for dairy price contracts with the Commodity Credit Corporation. A 2.5 cent per hundred pounds tax applies to milk marketed in 1988. November butter and cheese stocks fell from 1986 and October 1987 levels. CPI shows dairy up 2.32 percent. whole milk, cheese, and other dairy items rose. National Cheese Exchange prices held steady. CCC purchases totaled 6.5 billion pounds for the fiscal year. Dairy cattle slaughter, exports, and Wisconsin milk shipments to Michigan are noted amid holiday plant scheduling.

Commodity Credit Corporation

Holiday cattle market slips as packers slow trading

Slaughter cattle and hog prices eased early in the week amid holiday plant closures. South St. Paul bids show steers at 63.50 to 64.50 for 1,000 to 1,400 pounds with Holstein grades around 58 to 60 while cows ranged 44 to 50. Hog values edged up for light weights then fell for larger pigs, and feeder pig volumes remained thin. Manitowoc Lake to Lake Dairy Cooperative disclosed 266000 payout to stockholders and bond holders at 8 percent, supporting capital improvements.

South St. Paul Lake To Lake Dairy Cooperative

Also Mentioned on This Page

Madison Daily Market News Reagan National Cheese Exchange Green Bay Chicago Mercantile Exchange CCC Wisconsin Michigan USDA Choice Good U.S U.S. 1 Manitowoc Lawrie Kull Peat Ly Wye Coloma Mid-America Dairymen, Inc Landmark Genetics Koller & CO Durand Wis Packers Champion Packers Portland Road Waterloo Stone Lake Deutz Allis Mid-America Dairymen, Inc United States Mid- America Dairymen, Inc Dairymen Minnesota Texas Sai Oe Hiowest USA Soodman America
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