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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jun 10, 1987
Page
6
Soybean prices rose on forecasts of hotter drier weather in the soybean belt, supported by higher soymeal and oil markets and strong export demand. Feed markets closed mixed as weather shifts and farmer selling pace influenced prices. winter wheat harvest moved slowly north with more old crop wheat offered, softening prices in St. Louis Madison and Kansas City futures.
May 1987 dairy pricing shows Minnesota and Wisconsin average manufacturing grade milk at 11.22 per cwt at 3.63 butterfat, equivalent to 11.00 at 3.5 percent. All milk preliminary price 11.87 at 3.5 percent buttermilkfat. fluid milk 12.08, manufacturing 10.93. CCC sold back 1.3 million pounds nonfat dry milk. dairy product purchases down versus last year. Milk production peaks, weather and feed costs shaping supply. corn and soybean markets rise on hot dry forecasts. Soybean Marketing Order District 1 nominations open in Wisconsin.
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