Wheat market slips on improved crop prospects and weak export demand
Chicago May 16 reports show improved spring and winter wheat prospects causing a sharp setback in wheat values. Wheat closed 2 to 2½ cents lower with corn steady and oats mixed. Weather notes from Canada and South Dakota trigger selling pressure before turning mixed as rainfall improved outlooks in major spring wheat states. Deliveries on Chicago May contracts reached 455000 bushels amid ongoing North American demand softness.
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Market Roundup Spokane Cattle Hogs Sheep Receipts
SPOKANE Wash May 16 Cattle Receipts 102 Hogs Receipts 645 Sheep Receipts 34 Market steady unchanged Poultry Chicago May 16 Alive firmer Receipts 7 cars Fowls 241 28c Broilers 35 48c Turkeys 25c Roosters 16 2c Ducks 18c Spring ducks 28c Geese 14c
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Spokane
The
Associated Press
Wash
Chicago
Trading on Wall Street Breaks Records in Sudden Reversal
On May 16 the New York Stock Exchange halted a prior upswing as trading tumbled from early gains. The day set a volume record at 4,887,400 shares, with many popular issues down 3 to 20 points. brokers faced delays and governors planned an extra holiday. News cited speculation overload and credit worries as key factors, while several blue chips such as Wright, Curtiss, and Packard showed volatile movements.
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Livestock Prices Slump at Chicago Market Report
USDA Chicago market updates show hog receipts at 23000 with declines of 10 to 25 cents for most cuts and top hogs at 9.80. Cattle receipts at 9000 with varied bids from 12.25 to 15.00 for steers and heifers, vealers 12.50 to 15.50, and bulls up to 10.75. Sheep receipts 12000 with better fat lambs firm, light lambs mixed, spring lambs 15.25 to 18.25, and yearlings steady to firm.
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Associated Press
Chicago
United States Department of Agriculture
Market Report Omaha Cattle Hogs and Sheep Prices Rise
Cattle receipts 4500 with calves and yearlings up 10 to 15 cents. Fed steers and yearlings to 13.75 per cwt with top loads to 14. Bulls steady, stockers scarce. Hogs receipts 7000. top 8.35 and 9.20 to 9.35 per cwt in various weight ranges. Sheep 7000. fat lambs strong, California springers 17.25 to 17.50, best ewes 7.75, California feeding lambs to 14.00.
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Associated Press
Omaha
United States Department of Agriculture
California
Denver
Denver cattle and hog market reports from May 16
United States receipts show 2 300 calves and 900 hogs with active trading and mixed results. Prices range with cattle at 11.75 to 12.75 for fed steers and yearlings, hogs top around 9 15, and sheep lambs from 14 to 17 50, across Denver and South St. Paul markets.
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South ST. Paul
United States Department of Agriculture
Market Nervousness After Early Highs on May Market
New York stock action was unsettled with early gains in airplane shares, independent motors, copper and special issues eroding as heavy selling emerged. Time money market attention noted absorption of 5 percent money, while industry talk hinted heavy stock distribution on bulges. Steel shares cooled after Iron Age cited hand to mouth buying and weak new business since late March.
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New York
Time Money Market
Wheat and corn markets face rains and demand shifts
Chicago traders saw broad rain dampen wheat gains with Liverpool unresponsive and Argentine shipments strong though below hopes. Corn held firm early then paused as wheat softened, with Argentine exports and Europe’s potential buy, plus favorable weather shaping next cash-driven price moves. Oats showed solid cash demand while rye faced irregular selling and quiet exports.
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Chicago
Liverpool
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Potatoes prices and market notes from national and regional reports
Potatoes receipts 99 cars on track with 838 total United States shipments and varied regional prices. Wisconsin sacked round whites quoted 1.25 to 1.40, Idaho sacked russets 1.30 to 1.50, Minnesota sacked round whites 1.00 to 1.20, commercial 1.15 to 1.25. Demand improving for new stock and overall market slightly stronger. Florida and Texas prices noted for Bliss Triumphs and related varieties. Cattle market in Seattle shows steady tone with 32 receipts.
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Hog prices from Hansen Packing Co.
Prices paid for hogs by Hansen Packing Co of Butte quoted as Choice 10c. medium heavy 8 12 9 2c. extra heavy 7%8c. lights 5 5 2c. extra lights 7% 8s c.
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Hansen Packing CO
Hansen Packing Company
Butte
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