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Archive for Tuesday, May 4, 1999

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May 4, 1999

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Local markets

As of Monday's close, courtesy of Farmer's Cooperative Assn. South Elevator -- Wheat, $2.44; soybeans, $4.48; milo, $1.64; corn, $1.83. Midland Elevator -- Wheat, NA; soybeans, $4.48; milo, NA; corn, $1.84. North Elevator -- Wheat, $2.49; soybeans, $4.48; milo, $1.64; corn, $1.88.

USDA Loan Deficiency Payments -- Corn: 2 cents. Milo: 16 cents. Soybeans: 87 cents

Dodge City livestock

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

Confirmed: none. Trade quiet. No sales slaughter steers or heifers confirmed. Inquiry and demand light. Sales confirmed for the week to date on 7,900 head, mostly previously contracted or formulated cattle. Asking prices 67.00-68.00, few bids 64.00, last sales last Thursday at 66.00, about 4500 head at 66.50. Sales FOB feedlot net weight after 4 percent shrink.

St. Joseph livestock

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

Estimated Slaughter Cattle Receipts: 475. Compared to Monday of last week slaughter steers and heifers steady to 1.00 higher. Slaughter cows 1.00-2.00 higher. Not enough early sales slaughter bulls for a price test yet. Slaughter steers: high select to mostly choice 3 1106-1303 lb 62.50-63.60; shipment choice 4 full 1437 lb 62.10; select and few choice 2-3 1089-1134 lb 61.25-61.85. Slaughter heifers: high select to mostly choice 3 1061-1199 lb 61.75-62.10; mostly choice 3-4 1114 lb 61.35; package choice and prime 4-5 full 1405 lb 56.00; package choice 4-5 1337 lb 53.00. Slaughter cows: high cutter, utility and commercial 1-3 breaking , few 35.00-39.25; boning 34.00-40.00, high dressing 39.75-43.25; low dressing 32.75-33.75; other cutters 30.00-33.50. Slaughter bulls: yield grade 1 few 1405-1710 lb 45.00-45.75, high dressing 49.75.

Estimated Slaughter Hog Receipts: 700. Compared to Friday, barrows and gilts 1.00 higher; 46-50 percent lean 230-270 lb 35.50-36.00; 44-48 percent lean 270-290 lb 34.50-35.50; 43-47 percent lean 290-310 lb 32.50-34.00. Sows: steady to .50 higher; 1-2 300-500 lb 24.00; 1-3 500-550 lb 27.00; 550-700 lb 29.00-30.00. Boars: all weights 14.00.

Nonferrous metals

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

Aluminum - n.a. cents per lb., London Metal Exch. Mon.

Copper - $76.0 Cathode full plate, U.S. destinations.

Copper - 72.40 cents per lb., N.Y. Merc spot Mon.

Lead - 48 cents per lb.

Zinc - 54.15-54.65 cents lb., delivered.

Gold - $286.40 troy oz., Handy & Harman (only daily quote).

Gold - $286.60 troy oz., NY Merc spot Mon.

Silver -$5.455 Handy & Harman (only daily quote).

Silver - $5.359 troy oz., N.Y. Merc spot Mon.

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

Platinum - $345.00-$348.00 troy oz., N.Y. (contract).

Platinum - $348.20 troy oz., N.Y. Merc spot Mon.

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