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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jul 01, 1987
Page
6
Widespread rains eased dry conditions in the corn and soybean belts, dampening prices across soybeans and related feeds. Export buying remained active but limited declines, while wheat and corn showed mixed or steady pricing as harvests and moisture conditions influenced markets.
The May Consumer Price Index shows a 4.9 percent year over year rise in all food items with dairy products up 2.8 percent. Whole milk up 1.9 percent, cheese 2.7 percent, and butter 2.3 percent. Butter and natural American cheese stocks declined from last year though cheese rose 3 percent from April. Government stocks fell for cheese and butter. CCC activity in late June yielded net negative butter purchases, while cheese and non-fat dry milk offers were sizeable. Milk production slumped amid heat and insects, with uncommitted supplies shrinking. Prices on exchanges held steady for butter and cheese, and dairy cattle slaughter/export figures rose in June.
State Fair officials in West Allis will inspect the fair grounds for stray voltage before farmers bring show cattle for the August exposition. Wisconsin Electric Power Co. plans three inspections before the fair opens on August 6 to detect voltage from rides and concessions, assistant park director Jack Denton said.
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