The Rural Voice, 1985-07, Page 10I
HIGHLAND
WELL
DRILLING
COMMERCIAL — FARM — RESIDENTIAL
GUARANTEED WELLS
DURHAM
WELL CLEANING &
REPAIRS
PUMP INSTALLATION
& SERVICE
YEAR•ROUND SERVICE
FREE ESTIMATES
369-6363
293 GARAFRAXA S.
,AFTER HOURS CALL ERICH WILSON 334.3399
SUMMER
SALE
Demo Vetter 15' Rotary Hoe S 3,150
New Innes 570 Bean Windrower S 7,190
Used M & W 400 bu.
Grain Buggy S 6.190
USED TRACTORS
1H 3288 Demo $34,900
Formal! 656D Hydro S 8.850
IH 3688D Cab, Air $35,900
Ford 5600, low hours S11,900
IH 684D T.A. exc S12,200
IH 106613 Cab, low hours S13.900
IH 3288D Cab, Air, 700 hours P.O.A.
IH 574D and Loader S7,450
JD 3140 4WD and Cab Coming
Interest-free till January 1, 1986
USED HAY EQUIPMENT
NI 456 Round Baler S 5,950
IH 830 Forage Harvester S 5,900
IH 1190 9' Mower Cond S 5,950
NI 618 Blower $1,800
Kools KB 54 Blower S 850
IH 550 Forage Harvester.... Make an offer
USED COMBINES
IH 715D Combine, exc $21,500
IH 810 W. Draper pickup S 4,100
IH 1460 Axial Flow, 1200 hours . $49.900
IH 843 Corn Head, exc S 7,450
IH 810 15' Flex Head S 5.490
IH 820 15' Flex Head S 6,700
IH 844 Corn Head S 5.290
IH 1460 Axial Flow, exc Recent Trade
Subject to Interest Free or 10°10 Financing.
C.A. BECKER
EIEEQUIPMENT LIMITED Oh
LUCK NOW
519-529-7993
Evgs. Steve Donaldson,
519-392-8254
8 THE RURAL VOICE
FARM COMMODITY WATCH
Prices as of the market close,
June 20, 1985
GRAIN SIDEWAYS,
LIVESTOCKS LOSE GROUND
CORN: July corn futures traded in a
sideways fashion over the past month
with numerous fundamentals influen-
cing trading. July corn closed on
Thursday, June 20 at 274 3/4, a
decline of only 1/4 cent over the
month. Dry weather concerns of late
May were alleviated with widespread
rains in early June. Moisture levels as
of writing are good with only Iowa,
Nebraska, and Minnesota still rated
as being moisture deficient. Bear in
mind that 1985 planting was earlier
than usual, so the critical pollination
stage will be advanced by 10 days to 2
weeks.
Export business continues to be
poor, with recent weekly export
figures being the lowest since
September of 1975. The ever strong
U.S. dollar has forced many tradi-
tional U.S. clients to look elsewhere
to purchase grains: Mainland China,
South America, and some European
countries have benefitted from the
currency situation. • •HEDGERS' •
may consider using the put options on
corn to guarantee a selling price with
a predetermined level of risk.
Seasonally, one might look for better
pricing opportunities as July/August
weather concerns may push prices
higher in the summertime frame.
SOYBEANS: Prices traded in a wide
range over the past month, with July
beans closing on Thursday, June 20
at 571 1/2, an improvement of 1 1/2
cents over the month. July beans
traded as high as 598 and as low as
556 1/2 over the course of the month.
This volatility was caused by a
number of different fundamentals.
Beneficial rainfall, especially in the
midwest and Delta states, eased con-
cerns over the moisture situation in
those areas. Early growth prospects
are reported as good to excellent.
U.S. export business has been
weakening due in no small part to the
aggressive exporting being done by
South America. Rumours of move-
ment of soybean oil of South
American origin into the U.S. in-
dicate how aggressive the South
American export campaign is.
•'HEDGERS•' in the bean
markets might do well to be patient.
Fundamentals in the market are
negative, but seasonally we may ex-
pect some weather speculation in the
July/August period. Financially
leveraged producers who need to
hedge now might consider forward
contracting, and then purchasing
some inexpensive November CALL
options, to be able to participate in a
potential weather market rally.
LIVE CATTLE: Meat markets have
been subject to severe weakness over
the past month. August futures clos-
ed at 59.37, a decline of 5.13 over the
month. Cattle feeders with
overweight, overfinished poor
yielding cattle are normally in poor
bargaining position, and this seems to
be the case at this time. The situation
will improve only when supplies begin
to tighten. Watch for the June 21
Cattle on Feed Report to establish
near term price direction. Early
estimates are as follows:
On Feed Up 0.6%
Placements Down 3.9%
Marketings Up 3.1%
These are only estimates — contact
your brokers for specifics of the
report.
• •HEDGERS• • may use further
weakness in cattle to lock in replace-
ment cattle costs. With cattle in the
August/October/December time
frame trading in the 59-62.00 area,
these levels may prove to be good
levels to guarantee prices on replace-
ment stock. The live cattle CALL op-
tions would prove an effective,
limited risk method of locking in
replacement prices.
LIVE HOGS: August hogs finished
on June 20 at 49.00, a decline of 1.65
from levels a month ago. Although
production numbers on hogs are
almost identical to levels of last year,
dressed weights are significantly
heavier, and this is pressuring the