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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jun 29, 1963
Page
4
The Friday hog market showed a smaller supply of 5500 head, with prices holding near steady. Prices ranged from 18.50 to 24.25 for various weights and grades, with lighter offerings fetching the higher end and heavier cattle also mixed in.
New York traders weigh volatility as Dow Jones prospects point to support near 6950 while investors debate whether a broader rally can resume. Analysts cite holiday trading and prevacation factors, noting few fresh catalysts and steady demand for select issues amid earnings chatter and sector rotation.
USDA data shows hogs 3,900 head with steady to 25 lower prices, 190-240 lb hogs mostly 18.50, 240-280 lb 17.75-18.25, sows 14.30-15.50 for 280-350 and 13.75-14.50 for 350-450. Cattle and calves weak with small loads at 23.23 for 1,000 lb steers, 22.50 heifers, cows 14.00-15.50, vealers 18-25. Sheep light with a few spring lambs 19-21 and low calves 3.50-6.00.
Local hogs 190 to 249 pounds ranged 17.50 to 17.78. Cattle plus steers and heifers cited at 21.00 to 23.50 with cows 12.00 to 14.00 and bulls 16.00 to 19.00. Grain markets show oats near 2.39 beans. steel production cuts and merger talks noted alongside a restraining order in a separate FMC American Viscose case.
The Dow edged up with oils and steels higher while utilities slipped. Trading was light at about 3.03 million shares, the smallest turnover since spring, with investors awaiting a renewed test of support levels before the July 4 holiday.
Sullivan says Democrats would back a little brother seeking high political office. Critics claim Sullivan belongs home in Lafayette aiding GOP mayoral candidate Donald W. Blue. Blue responds there is little he can do about the situation.
Western Ammonia Corp. awards Foster Wheeler Corp. a 2 million dollar contract to design and build an anhydrous ammonia plant at Dimmitt Texas for fertilizer use. Total plant and equipment cost 3.5 million dollars.
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