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HomeMy WebLinkAboutThe Citizen, 1996-07-24, Page 10arm Pork Prod. gain options Firewood Hard Maple or Ash SLABWOOD Limited Time Offer - Call now - $130./17 cu. yd. Truck Load Delivered within 20 miles Mileage charge Beyond That Large Quantity Discounts When You Haul!!! Craig Hardwoods Ltd. Auburn, Ont. 519-526.7220 We've moyed much success, and we know we owe it all to you, 01.1( CUSIOMOrS Thanks ! The McGavin Family McGavin Farm Equipment Ltd. McGavin Farm - Supply Ltd. I. NI PAGE 10 THE CITIZEN, WEDNESDAY, JULY 24, 1996 Brussels Livestock report Fed steers, hiefers $2 higher, cows off $2 The sales at Brussels Livestock for the week ending July 19 were: fed cattle, 689; cows, 316; veal calves, 265; lambs, 177; stockers, 1,023; and pigs, light run. Fed steers and heifers were selling $2 higher with cows selling $1 - $2 lower. Veal sold $2 - $3 lower with lambs selling on an active steady trade. There were 418 steers on offer selling from $85 to $90 to the high of $96.50. Six steers consigned by Dave Bender, Palmerston, averag- ing 1,216 lbs. sold for an average of $95.18 with sales to $96.50. Six steers consigned by Irvin Schenk, Petersburg, averaging 1,434 lbs. sold for an average of $88.28 with sales to $96.50. Thirteen steers consigned by Schmidtbrook Farms, Woodstock, averaging 1,412 lbs. sold for an average of $86.40 with sales to $95. Ontario pork producers will soon be able to hedge their hogs, through two programs with Ontario Pork, one which guarantees a minimum price and another which will allow farmers to forward contract for delivery at a guaranteed price. "These two programs are not going to save us in the pig business if you're not a good producer," Clare Schlegel, Ontario Pork board member, told a group of pork producers at an information meeting in Walton July 9. "It's another tool to use to manage risk. You have to be careful how you use it, and when you use it. You shouldn't use it day in and day out. You should only use it when it's in your best interest." Schlegel said Ontario Pork is hoping to have the minimum price program underway by September. "Essentially it's a price insurance program," he says. Ontario Pork is working with the Saskatchewan hog board to implement the program. Saskatche- wan has had a similar program in place since last fall but, according to Rick Skaggs, Ontario Pork's sales manager, few farmers there have taken advantage of it. "It can be fairly costly," Schlegel said of the program. There will be a premium paid on each hog registered under the program. The board is still trying to determine what should be the minimum size of lot required for each farmer. A company would have to underwrite the potential loss in the program because of swings in price and fluctuations in the Canadian dollar. Farmers enrolled wouldn't be offered an absolute price: the price would be plus or minus the Canadian cash price in comparison to the Chicago price. Farmers can choose'their level of insurance and pay accordingly. Most of the premium, Schlegel said, will go to the underwriting company. Many details on the program arc still to be worked o‘it, Schlegel and Skaggs said, things such as which pigs of a farmer's total deliveries in a month would be counted as his insured allotment. Nineteen steers consigned by Kada Farms, Bluevale, averaging 1,250 lbs. sold for an average of $86.37 with sales to $91.25. Thirty-eight steers consigned by J. A. McCann & Sons Ltd., Ailsa Craig, averaging 1,395 lbs. sold for an average of $88.01 with sales to $91. Forty-three steers consigned by Cunningham Farms, Lucan, averaging 1,310 lbs. sold for an average of $87.03 with sales to $90. Twenty-nine steers consigned by Ed McCann, Dashwood, averaging 1,320 lbs. sold for an average of $88.62 with sales to $90. Ten steers consigned by Johnston Farms, Bluevale, averaging 1,285 lbs. sold for an average of $85.53 with sales to $89.75. Seven steers consigned by Jon Dreise, Fordwich, averaging 1,098 lbs. sold for an average of $83.61 with sales to $88.25. Six The forward sale contract will allow farmers to lock in at a fixed price. This is a futures contract which will guarantee farmers a fixed price. If they lock in at $170 and the price goes down, they get the $170, but if the price goes up to $200, they still get $170. There would be an administration fee of $1-$2.50 per hog for taking part in the program. A minimum lot size for contracts. has not been established yet. Ron Douglas, president of the Huron Pork Producers, suggested 10 hogs per week would be a good minimum. Meanwhile, Skaggs expressed disappointment in the way Ontario packing companies have reacted to the institution of the open auction for Ontario hogs, a move the packers fought through the Farm Products Marketing Commission. He predicted packers would pay a price in the long run for bidding prices that are well below U.S. price equivalency. While he admitted that Ontario packers are losing money right now because of low competing prices for beef, his opinion is "the Ontario packers are being short-sighted. They're only looking at tomorrow. not down the road," he said. steers consigned by Woodham Farms, Woodham, averaging 1,172 lbs. sold for an average of $84.23 with sales to $88. There were 232 heifers on offer selling from $85 to $90 to the high of $93.25. Three heifers consigned by Robert Thomson, Ripley, averaging 993 lbs. sold for an average of $90.67 with sales to $93.25. Forty-eight heifers consigned by Jim Dixon, Lucan, averaging 1,160 lbs. sold for an average of $85.68 with sales to $92.50. Fourteen heifers consigned by Tom Triebner, Exeter, averaging 1,146 lbs. sold for an average of $87.57 with sales to $90. Eight heifers consigned by Bruce Woodhouse, Clarksburg, averaging 1,158 lbs. sold for an average of $83.26 with sales to $88.25. One limo heifer consigned by Machan Construction, Monkton, weighing 1,180 lbs. sold for $86. Four heifers consigned by Harvey Hoggart, Londesboro, averaging 980 lbs. sold for an average of $84.38 with sales to $85.75. Six heifers consigned by David Bowles, Brussels, averaging 1,222 lbs. sold for an average of $84.70 with sales to $85.60. Two heifers consigned by Gordon Dougherty, Goderich, averaging 1,230 lbs. sold for an average of $83.67 with sales to $84.75. One black heifer consigned by Allan Becker, Ayton, weighing 1,015 lbs. sold for $84.75. There were 316 cows on offer selling from $35 to $50 to the high of $66. Four cows consigned by Peter Walden, Ripley, averaging 1,359 lbs. sold for an average of $54.76 with sales to $66. Two cows consigned by Glory Lane Farm, Wingham, averaging 1,633 lbs. sold for an average of $61.44 with sales to $63. One Charolais cow consigned by Roy Dolmage, Londesboro, weighing 1,575 lbs. sold for $58.50. There were 23 bulls on offer selling from $48 to $59.20 to the high of $63.50. Two bulls consigned by Jim and John Stinson, Clarksburg, averaging 1,817 lbs. sold for an average of $59.56 with sales to $63.50. One Charolais bull consigned by Neil Winger, Listowel, weighing 2,145 lbs. sold for $63. There were 265 veal on offer selling: Beef - $75 to $96; Holstein - $63 to $73; and Plain and Heavy - $30 to $63. Four veal consigned by Ron J. Wassink, Wroxeter, averaging 576 lbs. sold for an average of $81.52 with sales to $96. Two veal consigned by Dale Bachert, Blyth, averaging 553 lbs. sold for an average of $94.50 with sales to $95. One veal consigned by John L. Miller, Lucknow, weighing 630 lbs. sold for $94.50. Lambs, under 50 lbs. sold $112.50 to $140; 50 - 80 lbs., $120 to $170; 80 - 95 lbs., $122 to $132.50. Sheep sold $43 to $66. Goats sold $32.50 to $100. Stockers: steers, 400 - 499 lbs., sold $51 to $100.50; 500 - 599 lbs., $69 to $104; 600 - 699 lbs., $67 to $86.50; 700 - 799 lbs., $68 to $84; 800 - 899 lbs., $69 to $96.50; and 900 lbs. and over, $75.25 to $96.50. Heifers, 300 - 399 lbs., sold $72.50 to $92.50; 400 - 499 lbs., $55 to $94; 500 - 599 lbs., $64 to $83.50; 600 - 699 lbs., $63.50 to $85; 700 - 799 lbs., $63 to $87; and 800 lbs. and over, $61.50 to $91. PaRTICIPaL77017 The movement for active, healthy hying BRUSSELS LIVESTOCK Division of Gamble & Rogers Ltd. UPCOMING SALES TUESDAYS 9 a.m. Finished Cattle & Cows THURSDAYS 10:00 a.m. Dropped Calves Veals followed by Goats Sheep & Lambs FRIDAYS 10:00 a.m. Stocker Cattle 1:00 p.m. Pigs BRUSSELS 887-6461 Thanks to everyone for coming to our 60th Anniversary Celebration in the business of serving the agricultural community. We extend a very special thank you to all of our stafffor their hard work and support. To our suppliers THANK YOU for the beautiful floral arrangements and for the gifts for door prizes. THANK YOU to all of the local organizations who helped make the day so successful. Congratulations to all of the door prize winners and also to the 5 winners of our Vacation Celebration Trips. (All door prize winners will be contacted personally.)