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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jul 27, 1983
Page
2
In South St. Paul Minnesota on July 25 exchange date, cattle and hogs show mixed results with steers and vealers up to 1,800 head and 4,400 hogs traded. Prices range from 37 to 60 for slaughter cattle and 31.50 to 46.50 for hogs, with heifers calves and feeders listed across weight bands and categories.
The Crop Reporting Board reports total cattle and calves on hand at 124 million, down slightly from 1982 and 1 percent below July 1981. Cows and heifers calved total 49.6 million, down 1 percent from 1982 and 3 percent from July 1981. Other classes show varied changes across beef cows, milk cows, and replacement heifers.
Cows steady to weak with utilities 38 to 43 percent. Fed cattle steady to good with steers 57 to 60 and heifers 52 to 58. Calves weak to repl. beef 70 to 90, veal 50 to 75. Hogs weak with top butcher 44, sows 30 to 33, beef and x bred steers 52 to 60. Springing Holstein heifers 800 to 950.
The July 22 to July 25 market notes list unchanged dairy prices for butter to cheese, including Grade AA eggs at 1.47 to 1.49 and Cheddar barrel at 1.32, plus auto prices from 18 to 33 dollars per unit. Grain futures weaken as hot dry weather slows farm movement and a softer dollar offers limited export support while Minneapolis cash grain shows mixed moves across spring, winter, and durum wheat with corn and soy futures also shifting.
Prices and futures rise on hot dry weather boosting wheat corn and soybeans. Sept wheat futures up to 4.00 per bushel while Chicago corn and soybeans show gains. Cash rye corn oats and feeds firm with meat meal and brewers grains steady or higher.
Historical market figures list Wheat at 3.30 and 3.44 for July 28 1982 and July 27 1973 respectively, corn around 1.63 to 2.58, soybeans near 9.55, and diversified livestock bids including cows 32 to 44, dairy heifers 42 to 48, calves 30 to 70, fed cattle 57 to 62, slaughter hogs 59, sows 47 to 51, boars 44 to 47, among others, plus potatoes round whites at 9.50 to 10.00.
Dairy production falls from the Dakotas to the Eastern Seaboard due to heat and humidity. The Commodity Credit Corp buys surplus dairy products, totaling 5.9 million pounds butter, 22.1 million pounds cheese, and 30.5 million pounds nonfat dry milk last week, with a milk equivalent of 340.2 million pounds. No Wisconsin fluid milk moved out of state, while three loads of Wisconsin skim milk went to Indiana.
ASCS officials in Washington said Grain Reserve IV corn placed in the reserve between Oct 6 1981 and July 1 1982 may be sold after repaying CCC price support loans. If the national five day price stays at or above 3.15 a bushel on Sept 1, storage payments stop and loan interest begins. if price falls below 3.15, release status ends and storage payments resume. Farmers may contact local ASCS offices for details.
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