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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 29, 1954
Page
28
On the Chicago Board of Trade soybeans showed strength amid a ragged grain market. New crop months opened firm while July delivery dipped over seven cents and then closed higher than the prior close. Wheat faced hedging pressure but losses narrowed and some contracts gained.
Wheat closed lower while corn and rye rose, soybeans gained as late short covering emerged in New York trade. Oil shares fluctuated with July soybeans boosted by chemical interest, and bond markets showed mixed activity with New Haven Railroad notes up marginally. Volume traded neared 1.9 million shares as market action spanned commodities and rails.
A Kiwanis luncheon heard Al McColloum introduce speakers on Reds in education, with Jack Sample and District Americanism director arranging the session. Meanwhile the club, Legion, and YMCA discussed receipts and local civic efforts as the meeting moved toward discussions on communism and youth education at elevated levels.
Market report lists cattle at 3300 and calves at 400 with slaughter steers and heifers slow. Good and common steers, 80 to 230 pounds, priced around 24.40. hogs 180 to 300 pounds. Sheep and lambs show lower lamb prices. prime spring lambs 22.50 to 23.50. Poultry and eggs noted with current receipts and grain prices for soybeans, corn, oats and wheat in Madison County area.
Hogs were steady to 25 cents lower on Monday with prices reported for various weights from 180 to 400 pounds. Cattle and calves showed mixed to steady movements with steers, heifers, cows, and bulls listed across multiple price ranges. Lambs and sheep remained steady, with yearlings and slaughter sheep experiencing declines.
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