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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
May 05, 1982
Page
2
May 5 1981 price list shows cattle hogs and sheep values with steady to strong trends. Includes feeder cattle calves replacement calves Holstein and beef cattle prices across weights brands and market terms. Grain eggs butter and miscellaneous commodities noted with unit quotes and date.
Soybean prices rose sharply on the Minneapolis Grain Exchange while spot grains held steady to firm. In futures, Minneapolis May wheat edged higher at 4.08. Chicago July corn gained. soybeans rose to 6.75. Spot spring wheat advanced with 14 percent protein at 4.28, winter wheat at 4.26, and durum No 1 hard amber milling at 4.80-4.85. Rye and oats mixed. corn finished 2.69. Meal and feedstuffs varied, with soymeal up and several byproduct prices mixed or unchanged.
Last week prices for feeder pigs show American Feeder Pig Co-op Select 45 lb at 53.25 to 54.25 dollars. Midwest Livestock Producers list 40 to 50 lb premium grade detailed pigs 52 to 54 dollars picked up on farm. South St. Paul Minnesota lists 40 to 50 lb pigs at 51 to 58 dollars.
Spot milk shipments in Wisconsin jumped to three loads for the week ending April 29, all shipped to Illinois, while prices on the National Cheese Exchange held steady. On the Chicago Mercantile Exchange, Grade B butter rose to 1.35 per pound, AA and A unchanged. CCC purchases of non fat dry milk powder surged over seven months, uncommitted inventories totaling about 1.0 billion pounds, up 56 percent year over year. Cheddar blocks processed and barrels inventory rose 72 percent to 636.1 million pounds, butter fell 18 percent to 380.5 million pounds after 220 million pounds were sent to New Zealand last August. Last week CCC bought 11.3 million pounds butter, 4.9 million cheddar blocks, 12.2 million pounds barrel cheese and 22.5 million pounds NDM powder, milk equivalent 402.3 million pounds. CCC sold 1.9 million pounds standard NDM at 0.5453-0.5826. Whey markets softened with regional price declines up to half a cent. Sweet cream buttermilk stayed steady with balanced trading stocks.
Wisconsin milk and eggs market notes show butter graded down with AA at 1.47 A at 1.45 and B at 1.35 percent. Cheese unchanged with cheddar barrels at 1.31 and 40 pound blocks at 1.35 percent. Eggs steady across sizes extra large 66-71, large 63-66, medium 56-59. Market evaluation committee assigns weights for classes 1 through 3 at 50, 49, and 44 respectively.
The report lists futures prices for Wheat Corn Oats and Soybeans across Minneapolis and Chicago markets with percentages and a full set of cash and feed prices. It covers Spring Wheat No 1 dark northern Durum Rye Corn Oats Barley and Sunflower Seeds with specific per ton values for feedstuffs and April 27 prices for Minneapolis.
Chicago Board of Trade prices showed wheat and corn sliding modestly while soybeans rose amid light activity. May futures for wheat traded near 3.55 per bushel, corn around 2.73, oats near 2.07, and soybeans about 6.49, as excellent Midwest weather supports farmers.
Last week at South St. Paul stockyards saw higher bids across livestock categories with slaughter cattle and calves firm to higher. Choice steers sold mostly 69 to 70 dollars per cwt, Holsteins 64.50 to 65.60, and slaughter cows 39 to 45. Feeder cattle and other classes followed a similar uptrend as demand favored thin offerings and higher weights. The report notes a $116.13 gross cut-out value for a 600–700 lb beef carcass and $5.89 per cwt for hide and offal from a 1000 lb steer.
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