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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 13, 1966
Page
19
Nervous trading sent the New York market lower with the 60-stock list tumbling to multiyear lows. Major averages fell as industrials and rails led declines while grains and livestock also eased amid selling pressure and cautious sentiment across exchanges.
The NYSE session left investors pessimistic as Chrysler and General Motors reported sales declines from a year ago, while Ford showed a loss of yearly gains. The market drifted lower with higher priced stocks weak, and analysts warned the spring downturn may continue. Grain prices at Indianapolis elevators show No 2 red wheat 1.42, corn 1.16-1.18, No 2 white 1.20-1.22, oats 0.68.
Indianapolis market summary shows hogs opened fairly active then slowed with steady to weak close. Prices quoted for various weight classes from 190 to 300 pounds ranged roughly 22.75 to 25.60 per hundredweight, with sows down to 17.75 a 20.90. Cattle steady to slow with steers and heifers around 24.00 to 26.00 and calves mixed readers. Grain prices noted as variable due to freight rates and regional differences.
AP USDA cattle and hog prices show weaker cash bids with hogs 190 to 400 pounds mostly steady to down. Prices: 1 95.50 for 34 head at 25.75, 190-230 pounds 24.00 to 25.00, 350-400 sow 19.00 to 19.50. Cattle sales mixed, steers and heifers uneven, choice 900-1,225 pounds 26.00 to 27.00, mixed good and choice 25.00 to 26.00, heifers 25.50 to 26.50.
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