The Rural Voice, 1986-09, Page 25We're in
BUSINESS
to keep you
WORKING
• Chisel Plow Points
• Mould Board
• Concaves
• Shins
• Landsides
• Feeder Chain
• Coulter Blades
• Raddle Chain
• Grill Guards
• Roller Chain
• Gathering Chain
• Cylinder Bars
• Plow Points
• Grade 8
Fine Thread Bolts
• Grade 5
Coarse Thread Bolts
• Cultivator Points
• Disc Blades
• Hand Tools
• Shop Tools
Hugh Parsons
BOLTS & TOOLS LTD
I'. miles east at Hensel!
519-262-5681
nn,iyyortnh1m1inn•, yNnw•.e..-.-••OUS'.
COMPLETE LINE OF
ANIMAL FEED
– Hog
– Veal
– Dairy
– Beef
– Poultry
– Pet
treleaven's
feed mill ltd.
box 182, lucknow, ont. NOG 2H0
519-528-3000
1-800-265.3006
- ,v"moi+
continues to move upward in what
seems to be a comfortable, gradual
uptrend. A recent Cattle On Feed
report indicated a 43 per cent in-
crease in placements — normally a
fantastically large increase — but
the market did not react in an ex-
tremely negative fashion. The
reason the market did not react
badly was because the "place-
ments" figure is calculated as a
percentage of last year's placement
number. As it happens, last year's
placements were the lowest in
many years. Using last year's
number in a comparative analysis
with the current placements
therefore created an artificially
high placement figure. October
Live Cattle finished at 59.10 on
August 21, a gain of .33 from
levels of a month ago.
**HEDGERS** might be watch-
ing for opportunities in three
areas: to buy CALL options on
grains to lock in feed costs, to buy
PUT options on cattle when the
markets seems to have topped out,
or to buy hedge Canadian Dollars
on further weakness.
Live Hogs — This market con-
tinues to move higher, with futures
being led by a very buoyant cash
situation. Some analysts are noting
that the recent hog price increases
have not been fully passed on to
the retail sector. There will be
some consumer reaction if, and
when the full brunt of recent price
increases is passed on to the retail
sector, and this could cool down
the market for a while. In the
meantime, enjoy it! October hogs
closed at 56.30 on August 21, an
increase of 2.73 from levels of a
month ago. **HEDGERS** had
better remember to keep their feet
on the ground! High meat prices
and cheap grain prices is every-
body's dream but realistically it
probably won't last for much
longer. Watch for signs to: pur-
chase CALL OPTIONS on grain
to lock up feed costs to July '87, to
purchase PUT OPTIONS on hogs
to lock up selling prices for the
December, February, April, June
and July timeframe. ❑
The information contained
herein is believed accurate,
however, Bache Securities Inc.
assumes no responsibility for its
use. For specific recommenda-
tions and suggestions regarding
stop orders please contact your
nearest Bache office.
\TIRES
SALES &
• Radials
• Rice tires
• Reg. tractor tires
• Truck tires
• Automotive tires
All makes in stock
ON FARM SERVICE
Willits
Tire Service
Lucknow
519-528-2103
SEPTEMBER 1986 25
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Vis. IIIIMP a
MK!kV 1011
11 1,1
. .4il' 4
r
11
i 2
FIXED RATE
OPERATING
LOANS
No matter what type of farm
business you run, you know how
long your production takes from
start to finish.
Bank of Montreal has a Fixed
rate Farm Operating Loan that
lets you tailor your loan to your
production period, and offers the
following choices:
• 1 ix the rate on the funds you
need, «hen you need them.
• split your loan so that part is
on a fixed rate while the rest is
on a floating rate.
• transfer from floating to fixed
at any time.
Find out more details.
firstBonk Agri Services"'
Bank of Montreal
\TIRES
SALES &
• Radials
• Rice tires
• Reg. tractor tires
• Truck tires
• Automotive tires
All makes in stock
ON FARM SERVICE
Willits
Tire Service
Lucknow
519-528-2103
SEPTEMBER 1986 25