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The Rural Voice, 1987-05, Page 26FINANCIAL CONSULTANT Farmers with financial problems, especially those appearing before Review Boards, need specialized assistance. My service negotiates realistic proposals, keeping farmers where they belong —on the land. Plan for the future by taking control now. BRIAN IRELAND 519-392-6461 CATTLE SQUEEZE with Automatic Headgate Squeeze sides —fold down for working on the animal — are operated from either side The regular chute is available with extension cage, side doors, and wheel transport. Maintenance free Hydraulic Scale 0-1/2% accurate, eligible for Red Meat Grant We also manufacture feed fronts —self-locking type or conventional slant -bar style For catalogue and price list, contact E. S. Martin Welding R. R. 1, Linwood, Ont. NOB 2A0 (519) 698-2283 24 THE RURAL VOICE COMMODITY WATCH Prices as of the market close, April 24, 1987 Corn — All grain markets have shown excell- ent strength in recent weeks as weak- ness in the U.S. dollar, strength in metal markets, and weather concerns joined forces to stir up interest in all commodity prices. July corn closed at 1.80 1/4, a gain of 14 3/4 cents from levels of a month before. Traders try- ing to rationalize recent strength are pointing to these outside factors as major sources. **HEDGERS** wishing to take advantage of recent strength should be extra cautious. Limited risk positions should be used. Soybeans — As with the corn market, bean traders have seen extreme volatility. July beans closed at 5.28, a gain of 39 1/2 cents from levels of a month previous. Harvest conditions in South America, low planting intention estimates in the U.S., strength in metal markets, and weakness in the U.S. dollar all contri- buted to the fast turn -around in soy- bean prices. **HEDGERS** should be very cautious establishing short hedges in explosive markets such as these. Lim- ited risk PUT options might be a more prudent hedging mechanism. Live Cattle — Given strong cash demand, live cattle futures moved higher through the month. June futures closed at 66.00, a gain of 3.78 from levels of a month before. The Cattle on Feed report released April 24 showed: Cattle on Feed down 2 per cent Placements up 8 per cent Marketings unchanged The placements figure released was slightly higher than expected; therefore trader reaction was slightly negative. Live Hogs — The pork complex has out -performed the cattle complex for the first time in a number of months. June hogs closed at 53.80, showing a gain of 6.10 from levels of a month previous. Strong cash interest has led the rally, with technical speculative selling pushing prices higher as well. **HEDGERS** should notice that the strength in deferred months — October, December, and February — has improved producers' hedge oppor- tunities. Just a Word About... The Canadian Dollar Sellers have dominated the trade in recent sessions. The dollar has moved from a high of nearly 77 to settle in the high 74 area. Traders have mixed opinions on the direction of the dollar over time, but they all agree that we will be seeing more volatility in Canadian dollar trading than we have seen in the past. For those who need Canadian dollar hedges, these pull- backs may be good opportunities.0 The information contained herein is believed to be accurate; however, Prudential-Bache Securities assumes no responsibility for its use. For specific recommendations and sug- gestions regarding stop orders, please contact your nearest Prudential-Bache office. David Clarke is a futures contract supervisor with the investment firm of Prudential-Bache Securities Canada Ltd., 200 - 376 Richmond Street, London, Ontario, N6A 3C7, phone 1-800-265-1570. %c+Aror, No (� 41 ' AINNIE � I,c, 7. HA ,1,11 .1,0 ,l/i H.1 I I Prices as of the market close, April 24, 1987 Corn — All grain markets have shown excell- ent strength in recent weeks as weak- ness in the U.S. dollar, strength in metal markets, and weather concerns joined forces to stir up interest in all commodity prices. July corn closed at 1.80 1/4, a gain of 14 3/4 cents from levels of a month before. Traders try- ing to rationalize recent strength are pointing to these outside factors as major sources. **HEDGERS** wishing to take advantage of recent strength should be extra cautious. Limited risk positions should be used. Soybeans — As with the corn market, bean traders have seen extreme volatility. July beans closed at 5.28, a gain of 39 1/2 cents from levels of a month previous. Harvest conditions in South America, low planting intention estimates in the U.S., strength in metal markets, and weakness in the U.S. dollar all contri- buted to the fast turn -around in soy- bean prices. **HEDGERS** should be very cautious establishing short hedges in explosive markets such as these. Lim- ited risk PUT options might be a more prudent hedging mechanism. Live Cattle — Given strong cash demand, live cattle futures moved higher through the month. June futures closed at 66.00, a gain of 3.78 from levels of a month before. The Cattle on Feed report released April 24 showed: Cattle on Feed down 2 per cent Placements up 8 per cent Marketings unchanged The placements figure released was slightly higher than expected; therefore trader reaction was slightly negative. Live Hogs — The pork complex has out -performed the cattle complex for the first time in a number of months. June hogs closed at 53.80, showing a gain of 6.10 from levels of a month previous. Strong cash interest has led the rally, with technical speculative selling pushing prices higher as well. **HEDGERS** should notice that the strength in deferred months — October, December, and February — has improved producers' hedge oppor- tunities. Just a Word About... The Canadian Dollar Sellers have dominated the trade in recent sessions. The dollar has moved from a high of nearly 77 to settle in the high 74 area. Traders have mixed opinions on the direction of the dollar over time, but they all agree that we will be seeing more volatility in Canadian dollar trading than we have seen in the past. For those who need Canadian dollar hedges, these pull- backs may be good opportunities.0 The information contained herein is believed to be accurate; however, Prudential-Bache Securities assumes no responsibility for its use. For specific recommendations and sug- gestions regarding stop orders, please contact your nearest Prudential-Bache office. David Clarke is a futures contract supervisor with the investment firm of Prudential-Bache Securities Canada Ltd., 200 - 376 Richmond Street, London, Ontario, N6A 3C7, phone 1-800-265-1570.