Cotton Market Shows Pressure From Hedge and Speculators
Aug 29 dispatch notes mixed cotton trading with hedge and speculative pressure dulling prices. In early activity prices slipped from Monday highs to declines near 22.6 to 25.7 for nearby futures while spot demand remained weak and weather in the Carolinas and Georgia offered some support for later gains. Trading breadth included reports of increased hedging by houses, late-day recoveries on favorable picking and gin news, and expectations of easing southern spot markets influencing residues and shipboard inventories. Potatoes and poultry prices also listed with regional specifics and ranges.
MENTIONED IN THIS ARTICLE
Resnciaid
Oyerk
Geo
Tiverpool
Atlantic
Manchester
Carolinas
Georgia
Piarance
Uneven price movements in stocks on a volatile day
New York stock activity showed uneven moves with high priced names fluctuating within narrow bounds. Some rail and industrial sectors attracted speculative interest while crude prices pressured overall sentiment and total volume neared nine million shares.
MENTIONED IN THIS ARTICLE
Associated Press
New York
United States
Hulligh
Mobile
Northern
Corado
Southern
Waastwady
Cattle and Calf Prices Fall as Market Overwhelmed at Fort Worth
Kansas City reports show heavy cattle and calf receipts with declines across categories. Grain fed steers run 11.00 to 12.60, cows 4.50 to 5.50, vealers 5.00 to 11.00, and stockers 5.00 to 7.50. top cattle around 13.00. Fort Worth notes demand exceeded supply, forcing lower prices mid day as offerings moved slowly.
MENTIONED IN THIS ARTICLE
Fort Worth
Associated Press Port
Worth
Fort Worth Livestock Markets Report
Fort Worth stockyards show cattle receipts at 200 with calves 330 and varied prices across beef, stocker, and fat cows. hogs steady with top 12.80 and packing sows 10 to 11. sheep receipts none, lambs around 12 to 18, feeders 10 to 11, yearlings 10 to 11, wethers 7.50 to 8.50, ewes 6 to 6. Soaring stock values reflect typical market activity for August.
MENTIONED IN THIS ARTICLE
Fort Worth
Associated Press Port
Wichita Livestock Results and Receipts Summary
Hogs receipts 500 steady with tops to 12.85 and bulk 12.00 to 12.25. Steers and calves: week sees lower slaughter values and mixed grades. veal calves down to 1.06. Stockers and feeders 0.25 to 0.50 lower. Cows and heifers 5.73 to 7.00, bulls 3.50 to 4.00. Lambs top 15.50, ewes about 7.40. week-wide notes show subdued demand and price declines.
MENTIONED IN THIS ARTICLE
Wichita
Associated Press
Oklahoma City Livestock Prices and Receipts Note
Oklahoma City cattle receipts for the week show no overall totals. Steers quoted at around 7.00 to 7.77, heifers 7.14 to 7.78, canners and cutters 2.23 to 5.00, vealers top 8.00, stockers 2.00 to 3.23, padding and weak notes with top around 12.65 and bulk near 2.25 to 12.50.
MENTIONED IN THIS ARTICLE
Oklahoma Livestock
Associated Press
Oklahoma City
East St Louis Livestock Prices Report
East St Louis market notes hogs active with top 12.65 and light hogs 18. Cattle receipts around 500 with steers quoted 9.50 to 12.25 and western steers up to 98.49. cows 4.25 to 5.50, canners 2.75 to 5.25. Sheep receipts 200 with fat lambs 14.00 to 14.25 and fat ewes 7.50 to 6.00.
MENTIONED IN THIS ARTICLE
East St. Louis
Associated Press
East ST. Louts
Chicago Livestock Prices Cut and Stable Across Decks
Chicago market reports show receipts around 2000 for hogs and sheep and 100 for cattle. Hog prices mostly steady with top near 19.50 and sow and pig values bid. Cattle waver with steers 11.00 to 15.00, fat cows 4.00 to 6.75, veal calves 12.50 to 13.00, lambs 14.25 to 14.90, yearlings 10.50 to 11.75, ewes 6.00 to 7.50. overall shifts reflect mixed demand and weight classes.
MENTIONED IN THIS ARTICLE
Associated Press
Kansas City
Kansas Graasers
Northwest
Chicago
Sharp Breaks In Wheat Shake Chicago Market
Chicago August 20 Wheat futures led liquidation at the open with sharp declines in both September and December. December touched 1.54 then fell to 1.43 while September slid to 1.53 1/4. A brief rebound followed as prices steadied, with September and December around 1.55. Corn and oats weakened early with slight recoveries later, as weather and supply factors weighed on the grain pit.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Board of Trade
Quiet New Orleans Cotton Ends With Daily Losses
New Orleans cotton market shows a quiet weekend session until late when heavy hedge selling against recent purchases caused fluctuations. Prices fell 20 to 26 points from the day’s highs, with October and December slipping to around 21.72 and 21.95, closing at session lows and tying the day’s bottom. Receipts reached 7,254 bales while foreign exchange in New York remained steady with major currencies quoted.
MENTIONED IN THIS ARTICLE
New Orleans
Associated Press
Liverpool
Theoendher
Botton
Farmer Pays Land With Watermelon Crop at Mil Switch
Muleshoe Aug 29 Mr Chandler who lives seven miles south in the hills near Mil Switch will begin shipping watermelons from his 110 acre patch next week. He grows Tom Watson melons and they are excellent for first year land. They weigh about 60 pounds and have sold for 55 cents per hundred in car lots at Mills Switch. The crop should yield about $50 per acre on land he paid $30 per acre for, with several hundred acres expected to be planted in watermelons next season as sandy soil improves.
MENTIONED IN THIS ARTICLE
Chandler
Mil Switch
Tom Watson
Mills Switch
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Che Rol & Pac
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