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Archive for Wednesday, December 29, 1999

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December 29, 1999

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Local markets

As of Wednesday's close, courtesy of Farmers Cooperative Assn. South Elevator -- Wheat, $2.18; soybeans, $4.20; milo, $1.46; corn, $1.70. Midland Elevator -- Wheat, NA; soybeans, $4.23; milo, NA; corn, $1.70. North Elevator -- Wheat, $2.18; soybeans, $4.25; milo, $1.46; corn, $1.75.

USDA Loan Deficiency Payments -- Wheat: 49 cents. Corn: 14 cents. Oats: 13 cents. Soybeans: $1. Milo: 43 cents.

Dodge City livestock

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

Confirmed: 8,400. Trade slow. Slaughter steers and heifers steady in a limited test. Inquiry good, demand light. Sales confirmed on 4,700 slaughter steers and 3,700 slaughter heifers Wednesday. For the week to date 51,500 head confirmed, volume includes 41,100 head or about 80 percent of previously contracted or formulated cattle. Sales FOB feedlot net weights after 4 percent shrink.

Slaughter steers: select and choice 2-3 1140-1350 lb 68.00; pen select with end choice 1150 lb Brahma cross 67.50. Dressed basis: few select and choice 1100-1300 lb 108.00-108.50.

Slaughter heifers: pen mostly choice 1075 lb 69.00; select and choice 2-3 1075-1200 lb 68.00. Dressed basis: select and choice 1025 lb 108.50.

St. Joseph livestock

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

Estimated Feeder Cattle Receipts: 800. Compared to Wednesday of last week feeder steers and heifers steady to 2.00 lower, but holiday reduced marketings the past couple of weeks and no good comparison. Steers: medium and large 1, 320-340 lb 108.00-110.00; 400-440 lb 106.00-107.00; 450-500 lb 96.00-106.00; 524-540 lb 93.75-95.00; 600-650 lb 85.00-89.50; fleshy 735 lb 80.00; 817 lb 81.60; Holsteins: large 2, 480-490 lb 66.00-69.50; 737 lb 61.85. Heifers: medium and large 1, 266 lb 93.50; 337-390 lb 89.50-96.00; 400-420 lb 93.00-95.00; 450-500 lb 87.50-90.50; 500-550 lb 88.00-90.00; 561-588 lb 84.50-88.00; 618 lb 84.75.

Estimated Slaughter Hog Receipts: 300. Compared to Tuesday, barrows and gilts 1.00 lower; 46-50 percent lean 230-270 lb 33.00-33.50; 44-48 percent lean 270-290 lb 32.00-33.00. Sows: steady to 1.00 lower; 1-2 300-500 lb 22.00; 1-3 500-550 lb 32.00; 550-700 lb 35.00-36.00. Boars: all weights 10.00.

Nonferrous metals

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

Aluminum - 73.7 cents per lb., London Metal Exch. Wed.

Copper - $88.0 Cathode full plate, U.S. destinations.

Copper - 84.80 cents per lb., N.Y. Merc spot Wed.

Lead - 29-31 cents per lb.

Zinc - 60.48-60.98 cents lb., delivered.

Gold - $290.90 troy oz., Handy & Harman (only daily quote).

Gold - $291.30 troy oz., NY Merc spot Wed.

Silver - $5.340 Handy & Harman (only daily quote).

Silver - $5.375 troy oz., N.Y. Merc spot Wed.

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

Platinum - $438.00-$446.00 troy oz., N.Y. (contract).

Platinum - $431.30 troy oz., N.Y. Merc spot Wed.

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