The Rural Voice, 1989-11, Page 22Complete Herd Dispersal Sale
LAUDERLEA REGISTERED HOLSTEINS
Selling 105 Head
FOR G. MAC SMITH OF LISTOWEL, ONT.
To be held at Carson's Sales Arena, 1 mi. east
of Listowel on Hwy. 86.
SAT., NOV 4, 1989 AT 12 NOON
Classification Herd Score; 3 (VG) 28 (GP) 9(G)
FEATURES: ' LAUDERLEA PEN PRIDE (VG) by
'Moth Four' with BCA to 164-171. She sells
springing to'AstroJet'. Her dam is a (GP 2') brood
cow with 21 descendants selling. Pride has 5
daughters selling from A.I. Sires such as; 'Star -
buck', 'Warden', 'Revelation', 'Missile', & 'Cita-
tion'. 4 other maternal sisters TO Pride sell
including a(VG)'Regal Red', (GP)'Citamatt', (GP)
'Warden', & a 2 yr. old by 'Roycedale Ariba.'
LAUDERLEAA HAPPY (GP), 2 yr. proj. to 15600
Ibs.M 660 lbs.F 3.9%F 490 Ibs.P 3.1%P BCA 167-
181-167. Her dam is a (GP)'Moch Four' with BCA
160-159, 2nd dam is (GP 1') with 139,000 Ibs. life-
time.
• Also selling are 26 daughter of 'Astro Jet.'
This is an old established herd. Mac bought his
first Reg. Holstein 50 yrs. ago & became a member
40 yrs. ago. He has bred a number of Top
Breeding & some Show cows. He farms approx.
400 acres & also operates a large beef herd. He
has always had more work to do than possible,
therefore cattle sold from this herd have gained
30-50 points on B.C.A. This is an excellentoppor-
tunity to purchase good breeding cattle.
For more information & catalogues, please contact;
David Carson Farms & Auction Services Ltd.
Insured & Bonded Co.
Auctioneer & Sales Manager David Carson
R. R. 3, Listowel, Ont. N4W 3G8 519-291-2049
or G. Mac Smith
R. R. 2 Listowel, Ont. N4W 3G7 519-291-2278
UPCOMING
STOCKER
SALES
Nov. 7 — Nov. 21
Dec. 5
Sale Times 1:30 p.m.
Regular Sales Every Friday
Cows — 10 a.m.
Fat Cattle - 12:30
Dropped Calves - 1:00 (Pig Barn)
Pig Sale follows
Lamb & Goats - 2:00 p.m. (Pig Barn)
Stockers - 2:00 p.m. (Stocker Ring)
We pay the trucking -
on lots of over 30 head.
Brussels
Livestock Inc.
Livestock 519-887-6461
Pig Barn 519-887-6811
20 THE RURAL VOICE
GRAIN MARKETS
October 18, 1989 - Corn and soybean markets took slightly
different paths over the past two weeks. While soybeans
made new contract lows, corn markets held well above con-
tract lows. In fact, it appears that harvest pressure is
over as far as corn futures are concerned. It would also
appear that soybean lows have been established.
CORN
The latest USDA production report
showed a slight increase in corn pro-
duction. However, the Soviets have
started to show interest in purchasing
corn from the U.S. and have in fact
confirmed purchases of more than 2.5
million tonnes for fall delivery.
Rumours abound that the Soviets are
shopping for up to 5 million additional
tonnes. This demand news was very
timely and held futures well above the
contract lows.
Basis levels fell quickly over the
past 10 days from a level of old crop
premiums to the present new crop
values. The basis levels today have
dropped slightly, after an initial
increase, to a range of CZ+.35 in the
Southwest to CZ+.50 in the North.
On-farm bids range from CZ+.45 to
CZ+.55 for October/November.
Com harvest in Ontario is pro-
gressing quite nicely and showing
yields that are really quite good.
Many observers are thinking the
Ontario crop size is quite a bit higher
than the OMAF figure of 166 million
bushels. In fact some think it may be
higher than 180 million bushels.
An alternative to storage this
year might be to look at a minimum
price contract which would allow the
producer to take advantage of im-
provement in the futures market.
SOYBEANS
The soybean futures managed to
drop to new lows this week at $5.40/
bu. basis November futures. How-
ever, the rebound has been quick to
the high $5.50s, partially on profit-
taking and partially on news of Soviet
interest in soybeans and soymeal.
Harvest pressure has been much
more evident in the soybean market
than in com, but the big difference is
because of demand. Until the past two
days, virtually no new demand was
showing up for soybeans and this,
coupled with a slightly larger USDA
production figure, caused the market
to fall.
Basis levels in Ontario have con-
tinued to erode because of the strong
Canadian dollar and low futures
prices. Today, elevator basis levels
range from SX+.35 in the south to a
high of SX+.50 in the north. The
crushers are generally at SX+.50.
Harvest progress is well past 75
per cent complete with many areas
100 per cent completed. The notable
exceptions are in Central and Eastern
Ontario. However, it won't take long
to complete these areas.
FEED GRAINS
Usage of feed grains has dropped
since com harvest began. However,
prices have held firm on the grains
that have traded. In fact, Western
barley has strengthened to the $133/mt
area over the past two weeks. Ontario
barley is still trading in the $120 to
$125/mt range.
Western oat prices remain firm,
contrary to Ontario prices which are
selling at around $105 to 110/mt, $25
less than Western oats. A small
market is appearing in the U.S., but
the prices reflect the lower Ontario
values.
My general feeling regarding
the grain market is that prices have
bottomed. However, I don't necessar-
ily feel that markets are set to take off.
Rather, we're going to depend on
demand to fuel any strength through-
out the next six months.0
This information is taken from reliable
sources, but accuracy and completeness
are not guaranteed. Dave Gordon is a
grain merchandiser with London Agricul-
tural Commodities, Inc. in Hyde Park,
Ontario, 519-473-9333 or 1-800-265-1885.