July 8, 2016
CapitalPress.com
13
Farm Market Report
Hay Market Reports
Potato Market Reports
Compiled by USDA Market News Service • St. Joseph, Mo.-Portland
Hay prices are dollars per ton or dollars per bale when sold to re-
tail outlets. Basis is current delivery FOB barn or stack, or delivered
customer as indicated.
Grade guidelines used in this report have the following relation-
ship to Relative Feed Value (RFV), Acid Detergent Fiber (ADF),
TDN (Total Digestible Nutrients), or Crude Protein (CP) test num-
bers:
Grade
RFV
ADF
TDN
CP
Supreme 185+
<27
55.9+
22+
Premium 170-185
27-29
54.5-55.9
20-22
Good
150-170
29-32
52.5-54.5
18-20
Fair
130-150
32-35
50.5-52.5
16-18
Utility
<130
36+
<50.5
<16
WASHINGTON-OREGON HAY
(Columbia Basin)
(USDA Market News)
Moses Lake, Wash.
July 1
This week FOB
Last week
Last year
10,500
17,800
12,275
Compared to June 24: All grades of export and domestic Alfalfa
steady. Trade slow to moderate this week as parts of the southern
basin are on third cutting. Demand good for export quality and small
square bale dairy and export Timothy hay. Retail/Feedstore steady
in a light test. Demand remains good.
Tons Price
Alfalfa Mid Square
Good/Prem. 1000 $135
2000 $110
Good
500
$135
Fair/Good 500
$105
Utility/Fair 1000 $80
Alfalfa Small Square
Premium
200
$220-250
Good/Prem. 500
$160
Utility/Fair 200
$85
Orchard Grass Small Square Premium
100
$230
Timothy Grass Mid Square
Premium
4500 $180-200
OREGON AREA HAY
(USDA Market News)
Portland, Ore.
July 1
This week FOB
Last week
Last year
3,957
932
912
Compared to June 24: Hay demand was relatively steady while
displaying some irmness in the Klamath Basin region. There was
substantially more hay sold this week as hay producers are starting
to inish irst cuttings but a majority are right in the thick of their hay
production.
Tons
Tons Price
CROOK, DESCHUTES, JEFFERSON, WASCO COUNTIES
Alfalfa Small Square
Good/Prem. 25
$195
Orchard Grass Small Square Premium
30
$240
Good/Prem. 50
$210
EASTERN OREGON
Alfalfa/Orchard Mix Small
Square
Premium
10
$165
Orchard Grass Small Square Premium
12
$165
HARNEY COUNTY
Alfalfa Mid Square
Premium
700
$140
1000 $170
KLAMATH BASIN
Alfalfa Mid Square
Supreme
1500 $170-175
Premium
250
$170-185
Utility
150
$95
Utility/Fair 100
$100
LAKE COUNTY
Alfalfa Small Square
Supreme
30
$200
Orchard Grass Small Square Premium
100
$225
IDAHO HAY
(USDA Market News)
Moses Lake, Wash.
July 1
This week FOB
Last week
Last year
5,500
6,000
5,000
Compared to June 24: All grades of Alfalfa weak. Trade slow to
moderate with light to moderate demand. Retail/feed store/horse
not tested this week.
Tons Price
Alfalfa Mid Square
Supreme
1200 $155
Premium
700
$137.50
Fair/Good 3600 $70-80
CALIFORNIA HAY
(USDA Market News)
Moses Lake, Wash.
July 1
This week FOB
Last week
Last year
13,460
25,533
18,891
Compared to June 24: All classes traded steady with a irmer
undertone for test hay. Demand moderate. According to the U.S.
Drought Monitor, due the onset of the West’s “dry season,” chang-
es to the region’s drought depiction during the summer months are
usually minor, if any. Price of milk and strength of the dollar are
impacting prices.
Price
REGION 1: NORTHERN INTERMOUNTAIN
Includes the counties of Siskiyou, Modoc, Shasta, Lassen, and
Plumas.
Alfalfa
Supreme
75
$170
75
$320
Prem./Sup. 175
$160
100
$310
REGION 2: SACRAMENTO VALLEY
Includes the counties of Tehama, Glenn, Butte, Colusa, Sutter,
Yuba, Sierra, Nevada, Placer, Yolo, El Dorado, Solano, Sacramento.
Alfalfa
Premium
75
$180
Good
175
$128
Fair/Good 700
$115
Orchard Grass
Premium
75
$170
Rice Straw
Good
200
$75
REGION 3: NORTHERN SAN JOAQUIN VALLEY
Includes the counties of San Joaquin, Calaveras, Stanislaus, Tu-
olumne, Mono, Merced and Mariposa.
Alfalfa
Prem./Sup. 175
$220
Premium
600
$170
830
$220-225
Good
250
$130
Fair/Good 1450 $80-100
375
$125
Fair
50
$100
50
$125
Oat
Good
300
$63
Forage Mix-Three Way
Good
1000 $65
Wheat Straw
Good
500
$55
REGION 4: CENTRAL SAN JOAQUIN VALLEY
Includes the counties of Madera, Fresno, Kings, Tulare, and Inyo.
Alfalfa
Fair/Good 750
$110
REGION 5: SOUTHERN CALIFORNIA
Includes the counties of Kern, Northeast Los Angeles, and West-
ern San Bernardino.
Alfalfa
Premium
200
$200
Forage Mix-Three Way
Good
50
$170
Wheat Straw
Good
205
$70-75
REGION 6: SOUTHEAST CALIFORNIA
Includes the counties of Eastern San Bernardino, Riverside, and
Imperial.
Alfalfa
Good/Prem. 400
$140
Good
3400 $140-150
Fair/Good 1175 $125-135
Bermuda Grass
Premium
50
$180
Grain Market Reports
Compiled by USDA Market News Service • Portland
Grains are stated in dollars per bushel or hundredweight (cwt.)
except feed grains traded in dollars per ton. National grain report
bids are for rail delivery unless truck indicated.
PORTLAND GRAIN
(USDA Market News)
Portland
June 30
PACIFIC NORTHWEST MARKET SUMMARY
Cash wheat bids for June delivery ended the reporting week on
Thursday June 30, were lower compared to June 23 noon bids.
September wheat futures ended the reporting week on Thursday,
June 30, lower as follows compared to the previous week’s closes:
Chicago wheat futures were 20.25 cents lower at $4.4550, Kansas
City wheat futures were 23 cents lower at $4.2250 and Minneapolis
wheat futures trended 22.75 cents lower at $5.0825.
Chicago September corn futures trended 27 cents lower at
$3.6550 and August soybean futures closed 50.75 cents higher at
$11.7425.
Bids for U.S. 1 Soft White Wheat delivered to Portland in unit
trains or barges during June for ordinary protein were not available
as most exporters were not issuing bids for nearby delivery. There
were no white club wheat premiums for this week.
One year ago bids for U.S. 1 Soft White Wheat any protein for July
delivery by unit trains and barges to Portland were not available and
bids for White Club Wheat were also not available.
Forward month bids for soft white wheat ordinary protein were as
follows: July $4.9050-5.20, August New Crop $4.9550-5.20, Sep-
tember $4.9550-5.25, October $5.1550-5.34.
One year ago, forward month bids for soft white wheat for any
protein were as follows: August New Crop and September $6.45-
7.1575, October and November $6.45-7.17.
Bids for U.S. 1 Soft White Wheat guaranteed maximum 10.5 per-
cent protein during June were not available as most exporters were
not issuing bids for nearby delivery. There were no white club wheat
premiums for guaranteed maximum 10.5 percent protein soft white
wheat this week or last week.
One year ago bids for U.S. 1 Soft White Wheat any protein for July
delivery by unit trains and barges to Portland were $7.3075-7.51
and bids for White Club Wheat were also $7.3075-7.51.
Forward month bids for soft white wheat guaranteed 10.5 per-
cent proteins were as follows: July $5.50-5.20, August New Crop
$5.1250-5.20, September $5.0550-5.25, and October $5.1950-
5.3050.
One year ago, forward month bids for soft white wheat for any pro-
tein were as follows: August New Crop $7.3575-7.6075, September
$7.3575-7.7075, October and November $7.37-7.77.
Bids for 11.5 percent protein U.S. 1 Hard Red Winter Wheat for
June delivery were 23.25 cents per bushel lower compared to the
previous week’s noon bids for June delivery. Some exporters were
not issuing bids for nearby delivery. Bids were as follows: June
$4.8450-4.9750, July $4.7450-4.9750, August New Crop $4.8250-
4.9750, September $4.9250-5.0250, and October $5.0775-5.1775.
Bids for non-guaranteed 14.0 percent protein U.S. 1 Dark North-
ern Spring Wheat for Portland delivery during June were 13.25 to
26.25 cents per bushel lower than June 23 noon bids for the same
delivery period. Some exporters were not issuing bids for nearby
delivery. Bids for non-guaranteed 14 percent protein were as fol-
lows: June $5.9825-6.0525, July $5.8825-625, August New Crop
$5.8825-5.9825, September $5.9325-6.0325 and October $6.1375-
6.2875.
COARSE FEEDING GRAINS
Bids for U.S. 2 Yellow Corn delivered full coast Paciic North-
west - BN shuttle trains for June delivery were 18.75 cents lower
from $4.5750-4.6250 per bushel. Forward month corn bids were as
follows: July $4.5750-4.6350, August $4.5950-4.6450, September
$4.5850-4.6450, October-November $4.5825-4.6125 and Decem-
ber $4.6125-4.6225. Bids for U.S. 1 Yellow Soybeans delivered full
coast Paciic Northwest - BN shuttle trains for June delivery were
59.75 to 61.75 cents higher from $12.6425-12.6425 per bushel.
Forward month soybean bids were as follows: July $12.6225-
12.6425, August $12.6225-12.6425, September $12.6325-12.6625,
October-November $12.6325-12.6825 and December $12.5625-
12.6025. Bids for U.S. 2 Heavy White Oats for June delivery trended
87 cents per bushel lower at $3.0475 per bushel.
PACIFIC NORTHWEST EXPORT NEWS
There were 12 grain vessels in Columbia River ports on Thurs-
day, June 30, with four docked compared to 12 last week with four
docked. There were no new conirmed export sales this week from
the Commodity Credit Corporation of the USDA.
CALIFORNIA GRAINS
(USDA Market News)
Portland
June 30
Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal;
Ltd.= limited; Ind.= indicated; NYE=Not fully estimated.
GRAIN DELIVERED
Mode
Destination
Price per cwt.
BARLEY – U.S. No. 2 (46-lbs. per bushel)
FOB
Kern County
NA
Rail
Los Angeles
NA
Truck
Petaluma-Santa Rosa
NA
Stockton-Modesto-Oakdale-Turlock NA
CORN-U.S. No. 2 Yellow
FOB
Turlock-Tulare
$8.28
Stockton-Modesto-Oakdale-Turlock NA
Kings-Tulare-Fresno
NA
Rail
Single Car Units via BNSF
Chino Valley-Los Angeles
$8.56
Truck
Petaluma-Santa Rosa
NA
Stockton-Modesto-Oakdale-Turlock $8.58
Kings-Tulare-Fresno Counties
$8.58
SORGHUM-U.S. No. 2 Yellow
Rail
Los Angeles-Chino Valley
via BNSF Single
$8.72
Truck
Modesto-Oakdale-Turlock
NA
OATS-U.S. No. 1 White
Truck
Petaluma
NA
Rail
Petaluma
NA
WHEAT-U.S. No. 2 or better-Hard Red Winter
(Domestic Values for Flour Milling)
Truck/Rail Los Angeles 11-12 percent Protein
Los Angeles 12 percent Protein
NA
FOB
Tulare-Kern-Merced
$8.35-8.60
WHEAT-U.S. Durum Wheat
Truck
Imperial County
$10
Kings-Tulare-Fresno Counties
NA
WHEAT-Any Class for Feed
FOB
Tulare
NA
Kings-Tulare-Fresno Counties
$8.35-8.50
Kern County
$8
Truck/Rail Los Angeles-Chino Valley
NA
Truck
Petaluma-Santa Rosa
NA
Stockton-Modesto-Oakdale-Turlock NA
King-Tulare-Fresno Counties
NA
Kern County
NA
Prices paid to California farmers, seven-day reporting period
ending June 30:
WHEAT, U.S. No. 1, Hard Amber Durum for Flour Milling
Imperial Valley $10
Spot
Del Locally
Compiled by North American Potato Market News and USDA
Agricultural Market Service
Prices are weekly averages of daily prices. All prices are in dollars per hundredweight (cwt.). FWA is a
weighted average of shipping point prices or common packs in each area. Weights differ by area. GRI is
the Grower Returns Index for each individual area.
FRESH RUSSET POTATO MARKET REPORT
(North American Potato Market News)
(USDA Market News)
July 2
Market commentary: Downward pressure on Russet Count Cartons continues, with less than a month
before the 2016 Columbia Basin harvest gets under way.
SHIPPING AREA
FWA
Chg
GRI
Chg
70 ct
Chg
10 lb. Film
Chg
IDAHO BURBANKS
$12.41
-$0.67
$5.27
-$0.40
$20
-$2
$7.50
$0
COLUMBIA BASIN
$15.45
-$0.60
$7.18
-$0.37
$23
-$2
$9
-$0.50
Sheep/Wool Market Reports
Compiled by USDA Market News Service • Greeley, Colo.-San Angelo,
Texas
Wool prices in cents per pound and foreign
currency per kilogram, sheep prices in dollars per
hundredweight (cwt.) except some replacement
animals on per head basis as indicated.
NATIONAL WOOL REVIEW
(USDA Market News)
Greeley, Colo.
July 1
Domestic wool trading on a clean basis has
been at a standstill this week. No conirmed
trades reported this week.
Most of the shearing has now been completed
and a majority of the warehouses are starting to
go to a cleanup mode.
There are still some trades that will be taking
place as the season will start to wind down and
head into the typical offseason. Domestic wool
trading on a greasy basis was at a standstill this
week. There were no conirmed trades reported.
Domestic wool tags
No. 1
$.60-.70
No. 2
$.50-.60
No. 3
$.40-.50
NATIONAL SHEEP SUMMARY
(USDA Market News)
San Angelo, Texas
July 1
Compared to last week slaughter lambs were
very uneven. Lambs at San Angelo, Texas, and
heavy lambs at Sioux Falls, S.D., and New Hol-
land, Pa., were $5-10 higher. Light lambs at New
Holland and Ft. Collins, Colo., were steady to $10
lower. Slaughter ewes were mostly steady to $10
higher. Feeder lambs were weak to sharply lower,
except at Sioux Falls $8-10 higher.
At San Angelo, Texas, 5,165 head sold. No
sales in Equity Electronic Auction. In direct trad-
ing slaughter ewes were not tested and feeder
lambs were irm. 3,500 head of negotiated sales
of slaughter lambs were steady to $3 higher.
6,700 head of formula sales had no trend due to
conidentiality. 4,402 lamb carcasses sold with 65
lbs. and down no trend due to conidentiality; 65-
85 lbs. $5.50-7.54 higher and 85 lbs. and up no
trend due to conidentiality.
SLAUGHTER LAMBS Choice and Prime 2-3:
San Angelo: Shorn and wooled 110-155 lbs.
$132-144.
SLAUGHTER LAMBS Choice and Prime 1:
San Angelo: 40-60 lbs. $210-236; 60-70 lbs.
$175-200, few $202-214; 70-80 lbs. $160-182,
few 186-200; 80-90 lbs. $150-172, few $178-180;
90-110 lbs. $150-160.
DIRECT TRADING (Lambs with 3-4 percent
shrink or equivalent):
3,500 Slaughter Lambs shorn and wooled 80-
168 lbs. $135-172.01 (wtd avg $158.51).
Idaho: 9,000 Feeder Lambs 130-140 lbs. $175.
SLAUGHTER EWES:
San Angelo: Good 2-3 (leshy) $55-59.50; Util-
ity and Good 1-3 (medium lesh) $63-70; Utility
1-2 (thin) $55-65; Cull and Utility 1-2 (very thin)
$40-50; Cull 1 (extremely thin) $30-40.
FEEDER LAMBS Medium and Large 1-2:
San Angelo: 50-60 lbs. $202-206; 60-70 lbs.
$180-190; 70-90 lbs. $180-185; 90-100 lbs. $172-
184; 114 lbs. $164.
REPLACEMENT EWES Medium and Large
1-2:
San Angelo: hair ewe lambs 60-90 lbs. $194-
220 cwt; mixed age hair ewes 90-150 lbs. $90-
130 cwt.
NATIONAL WEEKLY LAMB CARCASS Choice
and Prime 1-4:
Weight
Wtd. avg.
45 lbs. Down
Price not reported due to
conidentiality
45-55 lbs.
Price not reported due to
conidentiality
55-65 lbs.
Price not reported due to
conidentiality
65-75 lbs.
$310.16
75-85 lbs.
$298.73
85 lbs. and up Price not reported due to
conidentiality
Sheep and lamb slaughter under federal in-
spection for the week to date totaled 39,000 com-
pared with 37,000 last week and 35,000 last year.
California Egg Reports
Compiled by USDA Market News Service • Des Moines
Shell egg marketer’s benchmark price for negotiated egg sales of USDA Grade AA and Grade AA in
cartons, cents per dozen. This price does not relect discounts or other contract terms.
DAILY CALIFORNIA SHELL EGGS
(USDA Market News)
Des Moines, Iowa
July 1
Benchmark prices are steady. Asking prices for next week are 2 cents higher for Jumbo, 5 cents higher
for Extra Large, 4 cents higher for Large and unchanged for Medium and Small. The undertone is steady.
Offerings are light for Jumbo and moderate on all other sizes. Retail demand is moderate to instances
fairly good with food service movement light to moderate. Supplies are light for Jumbo and moderate on
the balance of sizes. Market activity is slow. Small benchmark price 80 cents.
Size
Range
Size
Range
Jumbo
159
Extra large
137
Large
126
Medium
100
SOUTHERN CALIFORNIA
Prices to retailers, sales to volume buyers, USDA Grade AA and Grade AA, white eggs in cartons,
delivered store door.
Size
Range
Size
Range
Jumbo
111-122
Extra large
63-74
Large
457-66
Medium
38-47
Livestock Auctions
Cattle prices in dollars per hundredweight
(cwt.) except some replacement animals per
pair or head as indicated.
Washington
TOPPENISH
(Toppenish Livestock Auction)
(USDA Market News)
Moses Lake, Wash.
July 1
This week
Last week
Last year
1,000
1,360
1,200
Compared to June 24 at same market: Not
enough stocker or feeder cattle for accurate
market trends as most strings sold June 28.
Trade active with good demand. Slaughter cows
irm to $1 higher. Slaughter bulls weak. Trade
active with good demand. Slaughter cows 80
percent, slaughter bulls 10 percent, and feeders
10 percent of the supply. The feeder supply in-
cluded 33 percent steers and 67 percent heifers.
Near 56 percent of the run weighed over 600 lbs.
Feeder Steers: Medium and Large 1-2: 800-
900 lbs. $118. Large 1: 900-1000 lbs. $119.
Feeder Holstein Steers: Large 2-3: 500-600
lbs. $100; 1400-1500 lbs. $100.
Feeder Heifers: Medium and Large 1-2: 500-
600 lbs. $125. Medium and Large 2-3: 500-600
lbs. $95. Large 2-3: 900-1000 lbs. $90, Heifer-
ettes; 1200-1300 lbs. 87.50.
Slaughter Cows: Boning 80-85 percent lean
1200-1900 lbs. $71-76; Lean 85-90 percent lean
1200-1800 lbs. $74-79; Lean Light 90 percent
lean 900-1250 lbs. $64-69.
Slaughter Bulls: Yield Grade 1-2 1700-2200
lbs. $89-95. Feeder Cows: Medium and Large
1-2: 1099 lbs. $87, Young.
Oregon
MADRAS
(Central Oregon Livestock Auction)
June 27
Total head count: 430.
Baby calves: NA.
Steers: 300-400 lbs. $150-165; 400-500 lbs.
$150-160; 500-600 lbs. $145-155; 600-700 lbs.
$140-150; 700-800 lbs. $137-143; 800-900 lbs.
$125-136.
Bulls: High yield. $96-101; Mostly $95; Thin-
ner $90-95.
Bred cows: NA.
Paris: NA.
Heifers: 300-400 lbs. $145-155; 400-500 lbs.
$145-155; 500-600 lbs. $135-145; 600-700 lbs.
$127-135; 700-800 lbs. $123-130.
Heiferettes: 850-1000 lbs. $115-123.
Cows: Heiferettes $105-115; Fleshy cows
$78; high-yield $75; medium-yield $73; low-yield
$68.
VALE
(Producers Livestock Market)
June 29
Total receipts: 320 head.
Comments: Not enough feeder cattle to truly
test the market; butcher cow market steady to
$2 higher.
Steer calves: 300-400 lbs. $129-154; 400-500
lbs. $142 – 159; 500-600 lbs. $137-157.
Heifer calves: 500-600 lbs. $127-136.
Yearling steers: 600-700 lbs. $134-143; 700-
800 lbs. $1125-132; 800-900 lbs. $123-131.
Yearling heifers: 600-700 lbs. $122-131.
CALDWELL
(Treasure Valley Livestock)
June 24
Steers (wt.): 300-400 lbs. $86.25; 400-500
lbs. $87.25; 500-600 lbs. $73.50; 600-700 lbs.
$74.75; 700-800 lbs. $89.75; 800 lbs. and up
$82.50.
Steers (hd.): 100-200 lbs. $150; 300-400 lbs.
$210; 400-500 lbs. $190.
Heifers (wt.): 500-600 lbs. $76; 600-700 lbs.
$64; 700-800 lbs. $70; 800-900 lbs. $87; 900-
1000 lbs. $91.50; 1100-1200 lbs. $72.
Heifers (hd.): 100-200 lbs. $91; 300-400 lbs.
$170; 400-500 lbs. $155.
Bull Calf (wt.): 400-500 lbs. $62.50; 500-600
lbs. $60.
Bull Calf (hd.): 300-400 lbs. $250.
Cows (wt.): 900-1000 lbs. $58; 1000-1100
lbs. $70.50; 1200-1300 lbs. $73.75; 1400-1500
lbs. $72.25; 1500-1600 lbs. $68.25; 1600-1700
lbs. $77.50; 1700-1800 lbs. $78; 1900-2000 lbs.
$75.50.
Heiferettes (wt.): 1000-1100 lbs. $89.50;
1100-1200 lbs. $90.50; 1200-1300 lbs. $84.75;
1400-1500 lbs. $92.25.
Holstein Bulls (wt.): 1500 lbs. and up $93.50.
utation Sandhill steers weighing 775 lbs. sold
for $167.25 and in Aberdeen, S.D., at Hub City
Livestock 2 loads of 919 lb. steers rang the bell at
$143.75. Optimism abounds.
A year ago, the state of Missouri weighted aver-
age for 650 to 700 lb. Medium and Large 1 steers
was $250.78 per cwt; $102.53 per cwt higher than
this week’s price level or near $700 per head.
Last week’s Cattle on Feed Report was a non
event this week as all major points of interest
were all reported very close to industry expecta-
tions and all major packers were active and paid
up. Live sales traded from $122 to $123 in the 5
Area while dressed sales sold from $195-200; $5
to $6 higher live and $9 to $10 higher dressed
than the previous week.
Packers have been willing to run plants at op-
timum levels in recent months as margins have
been running at record wide levels. They have not
shown any signs of slowing the chain speed even
with Choice boxed beef losing more than $5 this
week. After the hiccup in price levels, feedyard
managers came to the table ready to sell and
traded near 110,000 head on June 30 in the 5
Area; the eighth largest weekly trading volume in
the last 2 1/2 years.
Beef in Cold Storage at the end of May was
estimated at 446.7 million pounds, 5.9 percent
lower than a year ago and pork inventories were
at 612.7 million pounds, 6.5 percent lower than
a year ago.
Total chicken inventories have been considered
burdensome by analysts for this time of year and
reported at 803.2 million pounds, 8.6 percent
higher than a year ago.
After the $3 trillion global market fallout from the
Brexit last week, the Dow Jones Average has re-
covered to rise by nearly 800 points from June 28
to June 30 this week; marking the largest three-
day point gain since February. Auction volume
this week included 57 percent weighing over 600
lbs. and 38 percent heifers.
AUCTIONS
This week
Last week
Last year
116,900
126,900
67,000
WASHINGTON 1,900. 81 pct over 600 lbs. 39 pct
heifers. Steers: Medium and Large 1-2 500-550 lbs.
$151.30; 550-600 lbs. $152.19; 650-700 lbs. $149.46;
700-750 lbs. $137.37; 750-800 lbs. $138.60; 800-850
lbs. $136.81; 850-900 lbs. $136.67. Heifers: Medium
and Large 1-2 400-450 lbs. $152.18; 450-500 lbs.
$150.73; 600-650 lbs. $130.70; 650-700 lbs. $130.54;
700-750 lbs. $130.28; 750-800 lbs. $129.88; 800-850
lbs. $128.80.
DIRECT
This week
Last week
Last year
51,700
32,400
28,600
SOUTHWEST
(Arizona-California-Nevada)
400. 100 pct over 600 lbs. 50 pct heifers. Steers:
Medium and Large 1 Current FOB Price 850-900
lbs. $131 Oregon; 900-950 lbs. $130 Oregon.
Heifers: Large 1-2 Future Current FOB Price 850-
900 lbs. $124-125 Oregon.
Light Holstein steers, 600 lbs. and under: NA.
Light Holstein steers, 700 lbs. and over: NA.
Stock cows (young): NA. Stock cows (B.M.):
$1000-1250.
Pairs, young: NA.
Butcher cows: $76-83.50.
Thin shelly cows: $56-69.
Butcher bulls: $83-92.
Idaho
Cattle Market Reports
Compiled by USDA Market News Service • Oklahoma City-Des Moines-St. Joseph, Mo.-Moses Lake, Wash.
Cattle prices in dollars per hundredweight (cwt.)
except some replacement animals per pair or
head as indicated.
NATIONAL SLAUGHTER CATTLE
(USDA Market News)
Oklahoma City, Okla.
July 1
Slaughter cattle sold on a live basis in Texas
and Kansas mostly $4-7 higher and dressed
sales in Nebraska traded mostly $10-12 higher.
Boxed Beef prices July 1 averaged $201.12
down $4.73 from June 24. The Choice/Select
spread is 15.08. Slaughter cattle on a national
basis for negotiated cash trades through July 1
totaled about 124,682 head. The previous week’s
total head count was 55,010 head.
Midwest Direct Markets: Live Basis: Steers and
Heifers: $120-125.50. Dressed Basis: Steers and
Heifers $196-200.
South Plains Direct Markets: Live Basis: Steers
and Heifers $120-124.
Slaughter Cows and Bulls (Average Yielding
Prices): Slaughter cows and bulls mostly steady
to $3 higher. Cutter Cow Carcass Cut-Out Value
July 1 at noon was $172.15 down $1.26 from
June 24.
NORTHWEST DIRECT CATTLE
(USDA Market News)
Moses Lake, Wash.
July 1
This week
Last week
Last year
400
3,050
850
Compared to June 24: Feeder cattle steady in
a light test. Trade slow this week as video and
special feeder cattle sales in local sale barns
accounted for most of the trade. Demand good
as both futures and live cattle markets showed
strength. The feeder supply included 50 percent
steers and 50 percent heifers. Near 100 percent
of the supply weighed over 600 lbs. Prices are
FOB weighing point with a 1-4 percent shrink or
equivalent and with a 5-12 cent slide on calves
and a 3-8 cent slide on yearlings. Current sales
are up to 14 days delivery.
Steers: Medium and Large 1: Current FOB
Price: 850-900 lbs. $131 Oregon; 900- 950 lbs.
$130 Oregon.
Heifers: Large 1-2: Future Current FOB Price:
850-900 lbs. $124-125 Oregon.
NATIONAL FEEDER AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
July 1
This week
Last week
Last year
270,000
160,700
127,900
Compared to June 24: Steers and heifers sold
mostly $2 to $7 higher with some spots being $8
to $10 higher. A nice bounce in the cattle complex
this week got feeder cattle buyers back in the
saddle again as analysts and feedyard operators
believed that the futures markets appeared to be
oversold and needed a correction.
On June 29 in Bassett, Neb., 2 loads of rep-
Hershey rejects kiss from chocolate competitor
By CANDICE CHOI
AP Food Industry Writer
NEW YORK (AP) — Her-
shey says it rejected a takeover
offer from Oreo maker Mon-
delez that would bring some of
the world’s best known cook-
ies and chocolates under one
company.
The company conirmed it
received a preliminary offer
from Mondelez for a mix of
cash and stock totaling $107
for each share of Hershey
common stock. That would
value the deal at roughly $22.3
billion, according to FactSet.
Following a review, Her-
shey said Thursday that its
board determined the offer
provided “no basis for further
discussion.” Any deal would
be subject to the approval
by the Hershey Trust, a con-
trolling shareholder.
The Wall Street Journal,
citing sources it did not name,
had reported earlier in the day
that Mondelez told Hershey
it would take the chocolate
maker’s name and move its
global headquarters to Her-
shey, Pennsylvania. Hershey’s
shares surged following the
report, and closed up nearly 17
percent at $113.49.
A spokeswoman for Mon-
delez, Valerie Moens, did not
respond to a request for com-
ment about Hershey’s rejec-
tion of the offer.
In addition to Oreos, Mon-
delez International Inc., based
in Deerield, Illinois, owns
Cadbury chocolates, Trident
gum, Nabisco cookies and Ritz
crackers.
The acquisition of Hershey
would give the combined com-
pany 18 percent of the global
candy market and make it the
industry’s largest player, ac-
cording to Euromonitor In-
ternational. Mars Inc., which
makes M&M’s and Snickers,
is currently No. 1 with 13.5
percent of the market.
The deal would also give
Mondelez a bigger presence
in the domestic candy market.
While Mondelez controls Cad-
bury overseas, Hershey has the
licensing rights to the brand
in the U.S. Mondelez gets the
majority of its revenue from
overseas, while Hershey gets
most its revenue from North
America.
RBC Capital Markets ana-
lyst David Palmer said he did
not think the deal would ulti-
mately happen, since control
of the Hershey company is part
of the Hershey Trust’s mission
statement. But he said the offer
by Mondelez could spur more
aggressive cost-cutting at Her-
shey.
J.P. Morgan analyst Ken
Goldman said that at least part
of Mondelez’s rationale for
making the bid was probably
“defensive in nature,” as the
company did not want to be
acquired by The Kraft Heinz
Co., if Kraft is interested.
While the Hershey Trust
has rejected overtures in the
past, Goldman noted that its
board members have recently
found themselves in hot water.
Earlier this year, the Philadel-
phia Inquirer reported that the
state attorney general sent the
trust a letter seeking the res-
ignation of three board mem-
bers and the reduction of board
compensation. The letter said
the compensation exceeded
the trust’s own rules.
An email and phone call to
the Hershey Trust were not re-
turned Thursday.
A tie-up between Monde-
lez and Hershey would have
marked just the latest chap-
ter in a series of deals in the
packaged food industry, with
companies looking for ways to
improve their inancial results
while up against struggling
sales growth in major markets
such as the U.S.