Forum Archive Index - May 2002

["Lindley Smith" <lindleysmith@bigfoot.com>]

Geoff

> Hi Mark
> I am a sheep and beef farmer .
> See the attached latest live cattle futures and you can see it is heading
> down and the falling $US isn't helping...
> Reasons bse scare in Japan...A false foot and mouth scare in the US
spooked
> the market and Russia banning US chicken imports hasn't helped.US biggest
> beef export market is Japan..
> All meats will be influenced
> Contract price for August delivery lamb 19K ....$70

How do the prices compare with your guess at a reasonable price/long term
average price?

> well down on last year ..
> US stocks of milk powder 300 000  tonne
> EURO stocks 100 000 and rising
> We are increasing our milk production at an increasing rate.....

Didn't I read someone like Norgate saying there was increasing demand for
milk products worldwide? Or was that just the CEO of  'US and Euro Milk
Powder Mountain Ltd'?

>
> Geoff


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