Markets shake as corn leads downturn in grains
Widespread heat boosts corn selling and depresses oats and wheat in a broad market slide. Dec corn drops to about 1.15, oats down 1 percent. September and December wheat slip while provisions fall 0.5 to 4 cents. News of five more Argentine cargoes to the U S and weak Western weather temper mixed receipts hint at pressure, with No 2 red corn at 1.33 and No 2 yellow at 1.21 in advance trade.
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Stock market volatility dampens gains on August day
Reactionary price trends dominated New York trading as volumes surged for profit taking. Major issues like United States Steel and American Can fell, while Studebaker and Mack Truck showed mixed moves amid firm money rates and stress on several rails and industrials.
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Livestock prices mixed across Midwest and West markets
United States Department of Agriculture reports cattle hog and sheep receipts in Chicago St Paul Los Angeles and Denver Aug 21. Cattle demand strong. high yearling and weighty steers sell high. Hogs higher with top prices around 11.25. Sheep and lambs steady to firm with bids around 14.25 for top lambs and 6.50 for ewes.
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Market activity mixed across cattle hogs and sheep
Portland reports slow cattle and calves with 623 head received while hogs show weakness to lower demand with medium weights at 39.75 and light weights around 160 to 330 pounds. Sheep steady with 250 DIMNANE noted. Spokane sees steady markets for cattle 42 receipts, hogs 393, sheep 39. Also mentions feedlot lamb prices around 12.50 and 5.75 for certain cuts amid overall softening headlines.
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