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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jun 11, 1986
Page
5
Wheat futures rose on rain delaying Texas harvest while corn and soybeans ended mostly steady to lower for the May 30 to June 5 period. Minneapolis spring wheat rose to 2.82, July corn at 2.37, and soybeans at 5.32. Trade was thin with light demand, while barley and oats slipped as pastures reduce feed needs.
Livestock prices fell week over week with Western Cornbelt terminals showing steers and heifers $1.50 to $3 lower and Eastern terminals $1 to $2 lower. Direct points in Texas Oklahoma and Kansas declined $1 to $3. NebrasKa Iowa Southern Minnesota and Illinois down $1.50 to $1.50. Cows mostly steady to weaker. bulls steady to higher. Vealers and hogs mixed with bid levels softer late week. Rain aided price declines in some regions. dressed pork values little changed. Slaughter lambs steady to $3 lower at Midwest terminals.
May average price for manufacturing milk in Minnesota and Wisconsin was 11.25 per hundredweight at 3.66 percent test. On a 3.5 percent basis the price is 10.98 unchanged from last month and 48 cents below May 1985. Preliminary fluid milk prices averaged 11.87 with producers at 10.93 for manufacturing grade milk. Butter prices were unchanged at the Chicago Mercantile Exchange. At the National Cheese Exchange Green Bay 40 pound blocks rose to 1.24 while barrels stayed at 1.18. US butter production in April reached 121.7 million pounds up 9 percent from last year and 1 percent from March. Total cheese production was 461 million pounds up 7 percent from last year but unchanged from last month. Edible dry whey production totaled 81.9 million pounds up 20 percent from April. For the week ending June 6 CCC bought 7.7 million pounds of butter 17 billion pounds of cheese and 27 million pounds of nonfat dried milk with milk equivalent of 316 million pounds versus 356 million a year ago and 280 million the prior week. In Wisconsin production declined in northern areas due to heat and was slightly lower in southern areas signaling peak production period about two weeks early. cooler weather could rebound production. Bottling demand steady. no interstate shipments of Wisconsin whole fluid milk this week or since February.
The USDA explains how lite lite lean and low fat terms may be used on meat and poultry. Light or lite labels may appear only on products with under 10 percent fat while extra lean means 5 percent fat or less. Firms have one year to revise labels to comply with the new rules.
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