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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jul 02, 1986
Page
5
The USDA June 1 hog inventory estimate shows 48.8 million head on farms, down 7 percent from a year earlier and well below expectations, suggesting hog prices may stay strong for months. Breeding stock and market hogs are both down, with farrowing plans shifting, signaling potential favorable returns for hog producers into 1987.
USDA monitored terminals report sharp increases in fed cattle prices from $3.50 to $6 with added $7 carcass beef and $8.37 boxed item gains last week. At Midwest markets cull cows rose up to $2, fed steers 52–62 cents, Holstein steers 43–47 cents, slaughter heifers 51–60 cents, bulls 42–53 cents, with hogs and lambs also firm. South St Paul saw steers and heifers up $4.50 to $6, Holstein steers 50 cents to $1.50 higher, hogs $4–$5 higher, lambs $2 lower. hog market peaked at 63 cents for slaughter barrows and gilts. Feeder pigs $30–$66.50, veal calves 15–80 cents, replacement Holstein bull calves 60 cents to $1.00.
Weekly grain review shows hard red winter wheat dropping as harvest moved north, soft red winter wheat rising on tight old crop stocks, and corn and soybeans slipping as planting neared completion amid rain forecasts. Omaha corn bids eased to 2.29 to 2.31, Minneapolis corn about 2.25, winter wheat 2.58, spring wheat 3.13, oats 1.09 to 1.11, barley 1.55 to 1.80, soybeans 5.20.
Madison area milk output is down or flat overall while Southern heat reduces production and Western supplies stay ample. Central and Eastern regions show seasonal declines with no shortages. CCC butter purchases dipped to 1.8 million pounds for week ending June 27 as cheese and nonfat dry milk totals rise. Wisconsin trends show lower production but good cream demand and tight supplies. Chicago butter prices hold at 1.39, with no changes for cheese blocks or barrels at Green Bay.
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