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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
May 04, 1983
Page
2
South St. Paul market reports cattle hogs sheep and calves with bids and prices for various weights and grades. Includes feeder cattle grain egg and dairy quotes plus regional exchange figures and 40 to 50 lb hogs priced at 40 to 45 dollars.
Prices quoted from Max Phillips and Sons for complete automobiles ferrous scrap sheet iron appliances deep freezers and other materials with per ton and per pound rates for aluminum cans steel cans scrap aluminum copper and glass categories. Also notes that newspaper accepted to donate to Sundowners Drum Corps and that prices change with markets.
Futures show May wheat at Minneapolis and May corn liquid with Chicago bids. Readily traded cash grains include Spring and Winter wheats with No 1 grades around 4.41 to 4.45, Rye No 2 at 2.45–2.50, Corn No 2 at 3.21, Soybeans No 1 yellow at 6.36, and various feedstuffs priced for April 26 in Minneapolis per ton.
Agriculture Secretary John Block says the plan reduces free cheese distribution to stabilize commercial cheese sales. The USDA notes a sharp drop in sales as donations rise, setting monthly distribution at 25 to 35 million pounds. Since 1981, states have received about 300 million pounds, averaging 19 million monthly, with plans for 10 million pounds of butter and 5 million of nonfat dry milk monthly based on unemployment and poverty.
The weekly grain review shows solid demand supporting futures with Minneapolis May wheat up to 4.15 per bushel, Chicago July corn at 3.16, and Chicago May soybeans at 6.35. Cash markets reflect gains in spring and winter wheat, mixed feed prices, and rises in soybeans and sunflowers, while oats and some meals edge lower or flat.
Through midweek Steer and heifer prices were steady to up a dollar with early gains from rising dressed beef values. By week’s end demand remained good though carcass prices fell on weakly dressed beef, mud eased with fair weather, Holsteins 52 to 60, slaughter cows up a dollar, bulls firm to a dollar higher, feeders mixed with Holstein feeders 45 to 62 cents, lambs firm to higher, ewes steady, and calves and weaners varying by type and frame size.
The FCIC announces final planting dates for insured crops. May 15 is the final date for oats and barley with reporting due by June 15. any post May 15 planting is too late for insurance. May 25 is the final date for spring wheat with reporting by June 25. late plantings are not insured. A 20 day late planting option may allow coverage with a reduced guarantee for moisture-delayed plantings.
The Loyal Cold Storage plant in Clark County, formerly the Borden cheese facility, has been purchased by Larry Schlinsog and will store government natural cheese for USDA giveaway programs. Kickapoo Cheese in Sherry holds the contract to cut 40 million pounds into blocks, with about three million pounds weekly this summer. The cheese will be shipped to Loyal for storage and distribution, and the facility will likely employ four to eight people.
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