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Archive for Thursday, April 22, 1999

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April 22, 1999

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Local markets

As of Wednesday's close, courtesy of Farmer's Cooperative Assn. South Elevator -- Wheat, $2.49; soybeans, $4.60; milo, $1.72; corn, $1.89. Midland Elevator -- Wheat, NA; soybeans, $4.60; milo, NA; corn, $1.90. North Elevator -- Wheat, $2.54; soybeans, $4.60; milo, $1.72; corn, $1.94.

USDA Loan Deficiency Payments -- Corn: none. Milo: 7 cents. Soybeans: 67 cents

Dodge City livestock

Dodge City (ap) -- Kansas feedlot sales Wednesday:

Confirmed: none. Trade quiet. No sales slaughter steers or heifers confirmed. Inquiry and demand light. Sales confirmed for the week to date on 28,700 head including 22,700 head or about 79 percent previously contracted, formulated or CME delivery cattle. Asking prices Tuesday 66.00-67.00, bids 63.00-64.50, last sales last Friday at 65.00. Sales FOB feedlot net weight after 4 percent shrink.

St. Joseph livestock

St. Joseph, Mo. (ap) -- Quotations for Wednesday:

Estimated feeder cattle receipts: 1,400. Compared to Wednesday of last week feeder steers and heifers steady to 2.00 higher. Steers: medium and large 1, 362-478 lb 90.50-94.00; 514-538 lb 85.00-90.50; 561-580 lb 80.00-87.00, thin 559 lb 86.75; 610-628 lb 82.75-83.50; 650-700 lb 70.00-75.75; 829 lb 66.60, fleshy 864 lb 64.00. Holsteins: large 2, 726-989 lb 46.75-52.00. Heifers: medium and large 1, 320-492 lb 79.25-84.50; 506-529 lb 77.85-82.50; 570-586 lb 70.75-77.50; 603-612 lb 74.50-75.60; 682-698 lb 70.50-72.00; 715-722 lb 67.75-68.50.

Estimated slaughter hog receipts: 600. Compared to Tuesday, barrows and gilts steady; 46-50 percent lean 230-270 lb 29.00-29.50; 44-48 percent lean 270-290 lb 27.50-28.50. Sows: steady; 1-2 300-500 lb 22.00; 1-3 500-550 lb 28.00; 550-700 lb 29.00-30.00. Boars: all weights 13.00.

Nonferrous metals

New York (ap) -- Spot nonferrous metal prices Wednesday:

Aluminum - 58.5 cents per lb., London Metal Exch. Wed.

Copper - $72.00 Cathode full plate, U.S. destinations.

Copper - 68.90 cents per lb., N.Y. Merc spot Wed.

Lead - 48 cents per lb.

Zinc - 5195-5245 cents lb., delivered.

Tin - n.q. Wed. Metals Week composite price per lb.

Gold - $283.25 troy oz., Handy & Harman (only daily quote).

Gold - $284.00 troy oz., NY Merc spot Wed.

Silver -$5.165 Handy & Harman (only daily quote).

Silver - $5.171 troy oz., N.Y. Merc spot Wed.

Mercury - $150.00 per 76 lb flask, N.Y.

Platinum - $360.00-$363.00 troy oz., N.Y. (contract).

Platinum - $360.80 troy oz., N.Y. Merc spot Wed.

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