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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Sep 02, 1981
Page
2
The weekly grain review shows futures and cash grain prices sliding in Minneapolis and Duluth last week. Farmers face low prices as exports stay sluggish amid high interest rates. The USDA Grain Market News notes the strong dollar, at its highest in a decade, delaying purchases by potential importers.
Federal milk orders and grain futures edged higher and lower with Rye up a nickel to a dime at 3.40 as demand waned. Corn fell 22 cents to 2.68 per bushel on prospects of a record crop nearing 8 billion bushels. Oats dropped to 1.94 2.00, malting barley steady to up 10 cents 2.80 to 3.45, feed barley down 20 to 2.23. Soybeans down 19 cents to 6.62, flax unchanged at 7.50, sunflowers down 40 to 11.90. Meat meal and feather meal also lower, reflecting softer protein demand.
South St Paul Minnesota market report lists cattle weight classes with price ranges for slaughter steers heifers cows and bulls. Hogs include No 1 and 2 200 260 lbs sows boars and feeders lambs and lamb categories with prices. Market shows mixed steady to weak demand across cattle hog and sheep sectors.
Market rundown lists cattle categories and price ranges. Utility cows 40 to 44, canners 35 to 40, dairy heifers 42 to 47. Bulls steady with commercial 52 to 56, common 45 to 53, beef 48 to 55. Calves steady with select 50 to 65, good to choice 40 to 50, standard to good 30 to 40, culls 30 and down.
Market report from Wisconsin detailing bid ranges for cows bulls replacement calves fed cattle hogs and grain futures with prices from Sept 2 1980 and 1971 including Holstein and beef cattle rail yard values and feeder pig auctions plus farm pig and lamb prices and sums from Max Phillips and Sons.
August 28 exchange data shows Butter Grade A AA 1.48 percent, Grade B 1.47, Cheddar barrel 1.31, 40 lb blocks 1.35, Wisconsin Eggs steady with extra large 77-83, large 74-79, medium 68-73. Egg Market Evaluation lists Weight Class No 1 60 No 2 58 No 3 52 No 4 42 Breaking Stock 50 Checks 45.
US weekly livestock report shows mixed week with hogs and lambs lower at South St Paul yards while Holstein fed steers and slaughter cows bulls gain. Slaughter steers 58 to 66 dollars, Holstein fed steers to 62.20, veal calves 70 to 90, and beef carcass cutout at 1.12 per pound.
Grain and soybean futures ended mixed on the Chicago Board of Trade as wet weather forecasts threaten harvests and higher U S interest rates pressure markets. Analysts cited soggy corn belt soils and Volcker's tight policy as factors driving volatility and liquidation.
Wisconsin shipments increased last week as Norgold availability rose, though truck shortages delayed some deliveries to southeastern points. Total shipped reached 367,000 hundredweight, about 5.3 million pounds more than the previous week, with season total about 1.4 million hundredweight, roughly 2 percent below last year’s pace. Round whites traded near $5 per hundredweight, round reds around $6.50, non-sized Norgolds and early gems about $6.50, bakers ten ounces minimum priced $16 to $18.
The report lists cash grain quotes for wheat corn oats and soybeans from Minneapolis and Chicago. Prices cover spring and winter wheat durum rye corn oats barley flax and sunflowers plus feedstuffs and meal prices per ton for Minneapolis August 25.
Dairy Market News reports week ending Aug 28 sees slight taper in milk production across East North Central and West regions. Butter purchases total 1.6 million pounds with strong volumes of cheddar blocks 2.5 million pounds and nonfat dry milk 16.7 million pounds. Fluid milk equivalent stands at 107.1 million pounds. Butter production up 9 percent year over year and cheese output up 7 percent in the United States.
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