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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 14, 1977
Page
15
NYSE shows mixed trading with warrants rising and several issues slipping below key levels. Lists of listed stocks including Aetna Lifecare and Ambeac show varied price moves while overall market breadth remains unsettled.
Stocks drifted higher on light volume on Monday as traders waited for upcoming data. The Dow rose 2.91 to 950.63, RCA jumped 14 2 points, and NYSE composite edged up to 54.85 while Amex fell to 111.47.
The Cedar Rapids hog market held steady with bulk country and plant delivered butchers at 200 to 230 pounds priced 36.50 to 37.50 dollars. Sows around 300 pounds traded at 32.50 to 33.50, while heavier weights saw progressive discounts per 10 pound increment beyond 230 pounds.
Omaha buyers report hogs and cattle mixed gains with higher hogs and cows, while Webster City notes steady cows and higher hogs. Chicago grain markets show wheat at 2.61 to 2.62, corn around 2.55 to 2.56, oats near 1.84, soybeans about 8.03, with prior day quotes noted.
Grain prices listed for Monday include No 1 yellow corn at 2.27 dollars per bushel No 1 yellow soybeans at 7.85 dollars per bushel and 33 Ib oats at 1.69 dollars per bushel delivered.
Livestock trading brisk in Des Moines with butchers and sows steady to 50 cents higher. No 1 3 hogs 200 230 lb quoted at 36.75 to 38.00, 230 250 lb at 36.00 to 38.00. Sheep prices in Cedar Rapids quoted for shorn lambs 48 to 50 and wool lambs 44 to 47. Estimated receipts 110000, Friday 57000, Saturday 17000. Week ago 111000, year ago 101000.
UPI wires show cattle receipts at Joliet Illinois 3800 with steers high later prices and primes at 39.00 to 39.50 per hundredweight heifers 35.50 to 37.00 while cows offered no canner or cutter. Hog prices steady to 50 cents higher with No 1 2 200 230 lb at 39.00 to 39.50 and lighter weights around 38.50 to 39.00. Tuesday receipts forecast 50 cattle and 1200 hogs.
Market news reports steady egg offerings and mostly unchanged prices for hens and assorted eggs in Des Moines with light demand and adequate supply. New York wholesale egg quotes show steady spot prices, while butter and bulk carton prices hold. Sioux City livestock trading reflects higher hogs and varied cattle moves.
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