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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jul 16, 1986
Page
5
Higher soybean prices led national grain trading last week with soybeans at Illinois $5.21-5.31 and Minneapolis $5.17 1/2. Corn fell amid huge stocks while wheat showed mixed moves as harvest pressure rose in Nebraska and Minneapolis prices dipped.
Last week most classes except hogs closed higher at Midwest terminals led by South St. Paul gains. Fed steers and heifers were steady to higher though Oklahoma markets eased. Prices ranged broadly with steers mostly 0.51 to 5.92 dollars. hogs softer under 220 pounds. Feeder cattle demand remained good with steady to higher prices for feeders and Holsteins. Lambs and veal steady to mildly higher while slaughter cows and bulls posted small gains.
Butter prices rose on the Chicago Mercantile Exchange with Grade AA at 1.43 and Grade B at 1.41. Green Bay blocks traded at 1.25 and barrel cheese at 1.19. Dairy sales for January to June climbed 4.3 percent year over year with gains across butter, cheese, nonfat dry milk, and ice cream. Milk output rose 5.9 percent to 62.1 billion pounds, while government purchases fell to 193.6 million pounds milk equivalent from 331.1 million a year earlier, including 2.8 million pounds butter, 13.7 million cheese, and 21.5 million nonfat dry milk.
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