Rail Shares Rise Amid Strike Postponement and Airline Rally
Rail stocks advanced in midday trading despite a looming nationwide strike, while airlines rallied on record June passenger traffic for Trans World Airlines. The Dow fell 1.97 to 712.12 as volume neared 3.74 million shares.
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Hogs Gain 25 To 50 Cents In Indianapolis Report
In Indianapolis the USDA notes hogs at 3,200 head, fairly active with prices 25 to 50 cents higher. Sows strong to up 25, most hogs 200-230 lb 19.00-25, 300 head at that level. cattle and calves mixed with feeding markets active and prices up to 25 higher. Slaughter steers and heifers show strength, cows mostly steady to 50 lower for some commercial cows. prime loads and various weight ranges cited, with pegs at 25.50 for 965-1,150 lb steers and 36.00 for a 1,050 lb prime load. Sheep activity steady with slaughter lambs 15.00-20.50 and ewes 4.00-6.00.
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Hogs Lead Gains as Markets Rally on 6000 Head Trade
Chicago AP reports R Butcher hogs rose up to 50 cents a hundredweight with 6000 head on offer. Mixed No 1 and 2 grades 190-225 lbs brought 18.75 to 19.10 dollars, a few at 19.25, while 1-3 grades ranged around 17.0 to 18. Bulls and steers also advanced about 50 cents to a dollar with prime cattle at 27. The day featured broad gains across hogs cattle and sheep with most beef grades in the mid 20s and cows around 12 to 14 dollars.
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