Times Advocate, 1999-07-07, Page 271
Wednesday. July 7. 1999
Fann'neWs
Brusselsslles r
The total receipts at Brussels Livestock for the week
ending July 2, were 1689 head of cattle, 110 Iambs and
48 goats.
Fed steers and heifers sold $1-2 lower. Cows sold
steady. Veal sold steady with lambs selling barely
steady. On Friday all weights of stockers sold at prices
$1-2 lower.
There were 503 steers on offer selling from 91.00 to
97.00 to the high of 106.00.
One limo steer consigned by Jason Rice, Conn weigh-
ing 1160 lbs. sold to Garry Bowen Livestock for 106.00
with his overall offering of six steers averaging 1237
lbs. selling for an average of 95.47.
One gold steer consigned by Lorne Benedict, Kerwood
weighing 1235 lbs. sold to MGI Packers for 102.50 with
his overall offering of 11 steers averaging 1349 lbs. sell-
ing for an average of 98.01.
Three steers consigned by Gordon Brooks, Lucknow
averaging 1307 lbs. sold for an average of 95.94 with
sales to 97.75.
Eight steers consigned by John Smuck, Wingham
averaging 1273 lbs. sold for an average of 94.55 with
seals to 98.50.8
Twenty steers consigned by Walter Riddell, Granton
averaging 1328 lbs. sold for an average of 93.9.1 with
sales to 98.00.
Twenty-one steers consigned by Howard Martin,
Brussels averaging 1328 lbs. sold for an average of
93.82 with sales to 97.25.
Sixteen steers consigned by Dennis Lamport, Crediton
averaging 1338 lbs. sold for an average of 92.84 with
sales to 96.75.
Six steers consigned by Paul Se' 'ed, Mildmay aver -
a ' g 1383 lbs. sold for an average of 92.46 with sales
to 896.75.
There were 327 heifers on offer selling from 91.00 to
97.00 to the high of 102.00.
One gold heifer consigned by Johnston Farms,
Bluevale weighing 1170 lbs. sold to Gross Abattoir Ca.
Ltd. for 102.00 with their overall offering of 35 heifers
averaging 1159 lbs. selling for an average of 92.26.
One gold heifer consigned by Stan Francis, Kirkton
weighing 1105 lbs. sold to Dominion Meat Packers for
100.25 with his overall offering of 53 heifers averaging
1153 lbs. selling for an average of 93.00.
Ten heifers consigned by G. O'Leary Farms, Ailsa
Craig averaging 1107 lbs. sold for an average of 97.79
with sales to 99.00.
Eightheifers consigned -by Allan Horsburgh, Mount
Forest; avera g 1197 lbs. sold for an average of 96.54
with sales to ' .25.
Three heifers consigned by Pete Dewwyys, Varna aver-
aging 1268. lbs. sold for an average . off; 95.04 with sales
to 97.00.
Six heifers consigned by- Kada Farms, Bluevale aver -
a :' : 1266 lbs. sold -for an average of 94.67 with sales
t09'.50.
Twenty-two heifers 'consigned by Hugh Love, Atwood
averaging 1150 lbs. sold for an average of 93.89 with
sales to 100.00.
Six heifers consigned by Karl Terpstra, Mitchell aver-
aging 1245 lbs. sold for an average of 91.38 with sales,'
to 95.50.
Four heifers 'consigned by George Poortinga,
Woodham averaging 1135 lbs. sold for an.average of
91.35 with sales to 95.75.
There were 225 cows on offer selling:, DI & 1)2 cows
56.00 to 60.00 to high of 66.00. D3cows; 52.00 to 56.00;
D4 cows 45.00 to 50.00.
Five hol cows consigned -I*Egon Schumacker, Tara
averaging -1264. lbs. sold ,fes an, average of 58.91 with
sales to 69.00. •
Two hol cows consigned by Nulandia Farms, Mitchell
averaging 1813 lbs. sold for an average of 65.66 with
sales to 68.00. -
Threebh i cows consigned by Don :Rlligsen, Bornholm
averagingg 990 lbs. sold for an average of 65.41 with
sales to 67.00.
There were 14 bulls on offer selling; from 57.00 to
77.00 to the high of 86,00.
Two blonde bulls ed byHanoverStock Farms,
Walkerton averaging lbssold for an average of
83.97 with sales to 8.00.
One char bull consigned by Kurt Oelschlagel, Clifford
weighing 2025 lbs. sold for 85.50.
There were 192 veal of offer selling: Beef, 90.00 to
129.50. Hol 75.00 to 90.00. Plain hol, 60.00 to 75.00.
Six veal consigned by John Verburg, Londesboro
averaging 616 lbs. sold for an average of 117.52 with
sales to 129.50.
Seven veal consigned by Richard Horst, Listowel aver-
aging 646 lbs. sold for an average of 116.35 with sales
to 128.00.
Two veal consigned by Calvin C. Aikens, Fullarton
averaging 643 lbs. sold for an average of 101.79 with
sales to 120.00.
Note: Over 700 lbs. veal will be sharply discounted
due to a new government ruling of hides having to be
removed.
Lambs: Under 50 lbs. 135.00 to 150.00. 50 to 65 lbs.
127.50 to 150.0Q. 65 to 80 lbs. 122.00 to 135.50. 80 to
95 lbs. 105.00 -to 121.00. 95 to 1'I0 lbs. 100.050 to
110.00.
Sheep: 60.00 to 70.00; Goats; $35.00 to $142.50
Stockers: 400 - 499 lbs. 132.00 to 157.00; 400-499
lbs. 116.00 to 143.00; 500 to 599 121.00 to 133.00;
600-699 98.00 to 122.50; 700-799 88.50 to 118.50;
800-899 81.50 to 113.00; 900 and over 95.00 to 109.25.
Heifers: 300-399 lbs. 117.00 to 134.00; 400-499 lbs,.
108.00 to 125.00; 500-599 lbs. 114.00 to 124.00; 600-
699 lbs. 95.00 to 117.00; 700-799 lbs. 95.50 to 108.50;
800-899 lbs. 93.50 to 106.50; 900. and over 97%00 to
103.50.
Plain stockers: 48.00 to 65.00.
CBOT wheat futures plummet
�►1im Whitely"
ME ONTARIO WHEAT
PRODUCERS' MARKETING BOARD
With the wheat harvest
already started or pend-
ing, it is now time to
make those final plans as.
to delivering or storing
and which of the . board's
options to participate in.
First let's review the
market place. The
Chicago Board of Trade
futures have again plum-
meted to prove that there
is no current bottom to
this market. Second,
world buyers are there
but not active enough to
see any major purchases.
The lower market val-
ues are reflected in the
board's initial payment
levels. Initial payments
are just that,, a down pay-
ment to the producer
guaranteed by the federal
government._ The pay-
ment is approximately 60
per cent of the final pay-
ment projections net of
marketing costs.
Producers are upset
with the current levels of
this payment but realize
the value • of wheat in the
matket: place. • The initial
payment IS important to
producers as it is first
cash income needed to
pay those bills from
spring inputs.
The: entire wheat indus-
try has been working for
months to handle the
logistics and sales of the
19-99 crop. Reports are
coming in and continuing
to come in updating the
crop coirditions. Only
eight per centof the
wheat has actually been
contracted but market
outlets for the entire crop
are eagerly awaiting
quality reports.
As of this writing (July
2) there are reports of
wheat that has lodged
and may sprout, bunt that
is apparent in some
areas, and some disease
in other areas that may
cause downgrading. The
trade is prepared to mar-
ket sprouted wheat and
bunt wheat as well as top
quality. The board has
determined to supply the
markets. The board will
of course use all tools
available to buy back the
pricing opportunities.
By selling at harvest the
board sets a minimum
price to be received from
the wheat. By buying
CBOT March calls the
board opens the upside
price potential. It is antic-
ipated that the CBOT
futures may rally in the
.fall or over the winter
months. The board
Intends to capture that
rally if it does exist.
By selling as much cash
wheat at harvest as possi-
ble the board. not only
locks in a minimum price
but also is . attempting to
generate enough cash
flow to allow for an early
increase to the initial pay-
ment. This is a time to
stay in touch with the
board and read the infor-
mation that is sent to you.
The various programs of
the board will supply pro-
ducers with their own
opportunities.
Producers should NOT
view the "Cash Price.
Contract" at harvest as a
means of increasing cash
over the initial payment.
For example the initial
payment for Soft white
wheat is $84 and the cash
price is $113, this may be
viewed as .a way to gain a
quick $28 but the project-
ed total pool returns are
between $125 and $140,
so this may be a quick
The conservation
authority wants
to ensure live-
stock operations
do not have a
negative impact
on water quality
EXETER - .The
Ausable Bayfield
Conservation Authority
is concerned with the
impact of livestock.
operations on the en`vi
ronment and has con-
firmed its support for
nutrient management
planning.
At the June boardof
directors meeting, the
directors accepted a
report written by
General Manager Tom
Prout.
While the ABCA is not
taking a lead role, it will
be co-operating with
other agencies and
municipalities to meet
its goal healthyand
usable watsheds
The board accepted
eight recommendations.
The ABCA will:
• Support Nutrient
Management Plans
(NMPs) as a manage-
ment tool for farmers
and encourage the
Ontario Ministry of
Agriculture, Food and
Rural Affairs to incor-
porate water quality
considerations into NMP
guidelines;
• Encouragen dnlcI-
palities : to de.velo.p
enforceable nutrient
management bylaws
and ask municipalities
to "obtain ARCA input
when developing NMPs;
• Partner with other
agencies to ensure
farmers fbttow their
NMPs;
• Ent•oir ge county
commodity groups to.
develop peer ;review
groups and provide
assistance, information
and training to the
groups;
'• Co-operate with
other organizations and
Rainfail and
heat unit
accumulation
to July 4
At Centralia Research
Station
Heat units
Heat units 1309
Days ahead of
normal 14
Heat units to date in
1998 1278
30 year normal 983
Rainfall in mm
June 1999 62.6
June normal 82
.July to date 16.0
July normal 77
Source: OMAFRA
groups in ongoing
:research that will help
improve livestock oper-
ations and reduce their
impacts on the environ-
ment;
• Recognize the
importance of ongoing
education and informa-
tion programs and
jointly deliver these pro-
grams; and
• Work with interest
groups wherever possi-
ble.
short term gain for a long
term loss.
The board's minimum
pricing is another sug-
gested method or tool to
use. This will allow the
producer to participate in
a fall rally and determine
the point in any rally that
they would like to lock in.
Currently a minimum
contract can be taken for
harvest delivery with final
pricing to February 1,
2000.
It is easy to criticize the
industry and the market
place at these current -val-
ues. It is easy to try and
lay blame on all within
ear shot about never
growing wheat again. It is
just as easy to get out the
tool chest and be a disci-
plined hedger and a
smart marketer even at
low prices.
The most important,
thing to producers now is
to know your options,
keep updated on current
programs, and call the
board with your questions
and concerns.
FARM & MUNICIPAL
DRAINAGE -
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• Backhoe & Dozer Service
• :,Septic System Installatio[ s4
For Quality. Experience
& Service call:
Wayne- CO�Ii
(519 236-7390
RSR. 2 Zurich Ont.
NOM 2TO
www.hay.nat/-drainaSt .:.
LtT'1T la "
Huron Business Centime
EXTENDED HOURS
In order to meet the needs of our clients.. the Huron
Business Centre in Seaforth has extended its heurstuntil 8
p.m. on Wednesday nights.
The Huron Business Centre is. #• cooperative venture
between several community based organizations sharing a
common mandate `to help small business succeed!' We
are also available to answer yourquestions about all
facets of business management including sales and.
marketing, human resources, inventory management and
exporting. Further, we provide Internet access for
research, and a library filled with books, videos, statistics,
pamphlets and information on a wealth of government
services and programs.
All Huron County residents are welcome to utilize the
services offered by this centre. So, come see us whenever
it is most convenient for you.
Our regular hours are now 9 a.m. to 5 p.m. Mondays,
Tuesdays, Thursdays and Fridays...and Wednesday from 9
a.m. to 8 p.m. For more information about our services,
contact us at (519) 527-0305 or fax us at (519) 527-2240.
We can also be reached at http://www.huronbdc.on.ca.
Come visit us at
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