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Archive for Wednesday, May 26, 1999

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May 26, 1999

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Local markets

As of Tuesday's close, courtesy of Farmer's Cooperative Assn. South Elevator -- Wheat, $2.37; soybeans, $4.31; milo, $1.59; corn, $1.82. Midland Elevator -- Wheat, NA; soybeans, $4.31; milo, NA; corn, $1.83. North Elevator -- Wheat, $2.42; soybeans, $4.31; milo, $1.59; corn, $1.87.

USDA Loan Deficiency Payments -- Corn: 9 cents. Milo: 29 cents. Soybeans: $1.08. June 1 is the deadline to receive a loan or deficiency payment for corn, milo and soybeans.

Dodge City livestock

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

Confirmed: none. Trade quiet. No sales slaughter steers or heifers confirmed. Inquiry moderate, demand fair. Sales confirmed for the week to date on 15,900 head, mostly previously contracted or formulated cattle. Asking prices 66.00-67.00, bids 64.00, some 64.50, last sales last Wednesday at 65.00, few 65.50. Sales FOB feedlot net weight after 4 percent shrink.

St. Joseph livestock

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

Estimated Slaughter Hog Receipts: 500. Compared to Monday, barrows and gilts 50 cents lower; 46-50 percent lean 230-270 lb 34.00-34.50; 44-48 percent lean 270-290 lb 33.00-34.00; 42-44 percent lean 290-310 lb 31.00-32.00. Sows: scarce. Boars: all weights 16.00.

Nonferrous metals

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

Aluminum - 59.2 cents per lb., London Metal Exch. Tue.

Copper - $71.0 Cathode full plate, U.S. destinations.

Copper - 66.75 cents per lb., N.Y. Merc spot Tue.

Lead - 48 cents per lb.

Zinc - 51.00-51.50 cents lb., delivered.

Gold - $272.20 troy oz., Handy & Harman (only daily quote).

Gold - $270.70 troy oz., NY Merc spot Tue.

Silver -$5.090 Handy & Harman (only daily quote).

Silver - $5.038 troy oz., N.Y. Merc spot Tue.

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

Platinum - $354.00-$358.00 troy oz., N.Y. (contract).

Platinum - $359.70 troy oz., N.Y. Merc spot Tue.

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