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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Dec 07, 1950
Page
3
Livestock prices show cattle hogs and goats holding steady with calves and yearling feeders mixed. Chicago market reports strong steer and heifer values with open grade fed cattle near 32 dollars per hundredweight, while slaughter lambs and ewes trend lower and stocker cattle remain firm.
The Senate confirmed Michael V. DiSalle as price administrator. He will resign as mayor of Toledo to assume the post, though no job exists beyond the title, and he is still nominally president.
New York December 4 AP closing foreign exchange rates show Britain leading declines with the pound trading at about 62.80 pence per dollar and a 1 cent discount in the market. The dollar value for many European currencies fell while rate figures for other regions remained around 95.37 to 617.45 in various markets.
Prices for wheat and soybeans show varied changes with percentages noted across markets. Poultry prices for Thursday are listed by weight class, while local grain and feed prices are provided by L. East Pro ure Company.
New York stocks rise led by rails as Japanese bonds move higher. Chicago grain prices firm on export demand with wheat and corn, oats steady as corn advances. Hog prices steady to 15 cents higher, top at 18.35. Cattle mostly steady to slightly higher, top at 37.00.
Market notes show New York cotton futures trading with early fading, amid small gains and private sector talk. Prices hovered around 92.90 per bale as traders weighed demand and policy signals during a volatile session.
The report notes various cotton grades with middling and low readings, prices hovering around 42.5 cents per pound, with comparisons to prior days and weeks. It mentions market activity in pairs and reference to a trader named Jock Beans and a market summary for Wednesday with 24 sales.
Market notes show cottonseed oil futures closing several points higher with May and July contracts advancing. Prices touched or near key levels as traders weigh storage demand and supply signals amid broader commodity volatility.
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