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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Nov 22, 1950
Page
13
Markets at a glance show unsettled stocks with mixed buy signals and profit taking hints. Wheat futures fall slightly while other grains drift. overall market activity remains choppy with minor price moves, as traders await clearer guidance.
Traders cite a volatile session as futures slide amid uncertain crop prospects and potential increases in production. They watch Marine exports and rate effects as fears of grade damage from rain linger, with a Nov. 14 report showing most demand tied to smaller shipments.
The AP market bulletin notes spot middling cotton at Southe markets around 31.75 cents a pound, with weekly and monthly comparisons. Wool and wool futures closed higher in New York with December through July contracts listed and prices shown in pounds and cents.
In a volatile trading session, grain prices slipped as profit takers pulled futures down. Soybeans showed declines while corn and wheat also softened amid unsettled market sentiment and demand concerns.
Fort Worth Texas cattle and calves sold in a mixed session with active demand for slaughter classes and stocker calves. Beef steers and cows posted varied figures, yearlings and stocker calves showed movement, while hogs and lambs saw price ranges and selective strength. Comparisons to prior days indicated steady to uneven trends across categories.
Cattle sold steady with 1,200 head at firm prices. good slaughter calves 26 to 29.50, medium 23 to 26, low 15 to 23. Sows 20 to 23, cutters 13 to 20, bulls 18 to 23.50. Hog receipts 125 head, top hogs 18.75 to 19.25. Dozens of buyers from Austin, Manor, Driftwood, Marble Falls and Cedar Creek listed with individual weights and prices.
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