Hog Market Sharply Bearish
A historical market note reports hog prices plunging as demand weakens and supply remains high. Traders monitor futures and cash prices amid overall livestock sector softness.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 01, 1935
Page
13
A historical market note reports hog prices plunging as demand weakens and supply remains high. Traders monitor futures and cash prices amid overall livestock sector softness.
Chicago AP reports a two week slide in wholesale pork prices as cautious demand and weak dressed pork markets push hog values lower. Top prices drop to 19 per hundredweight with receipts totaling about 16 000 across major markets, while cattle and lambs show softer trends.
Local Cedar Rapids listing shows wholesale prices for grains fruits and vegetables. Wheat 90c, rye 35c, corn 46, oats 46, yellow soybeans 2. hard to parse. Also posted are prices for citrus like oranges lemons and apples, together with cured hides and horse hides priced per type.
Chicago reports show wheat futures higher as foreign markets drive gains. December wheat up about 1 1/2 cents, oats up over a penny, with government export demand easing prices later in the session. Rye and corn offer mixed moves amid shifting supplies and weather forecasts in key growing regions.
Floods swept the river valley of New York causing washed-out roads and damaged rail lines. Homes were inundated and streets clogged while rivers rose, with no loss of life reported, and rescuers working to secure affected areas.
Hogs slumped on the local market Thursday with a 35 cent drop for good hogs and a 25 cent decline for others. The prices weakened overall as buyers limited purchases amid cautious trading.
Trading slowed after a strong start as new logs appeared. Grain gains at Chicago and Winnipeg aided sentiment while shares like Chrysler, General Motors, Packard, U. S. Steel, Bethlehem, and Santa Fe edged higher. Bonds and foreign exchanges were irregular and Far Eastern funds remained weak.
Grace Starr Circle of the Woman's Missionary Society met at Mrs. P G Harlan's home with Mrs Minnie Timson assisting. Carrie Baker, 80, died at her Marion home after moving from Brighton. services to be in Brighton. Local celebrations included a 63rd wedding anniversary for Mr. and Mrs J W Taylor. A card party benefit planned for St Joseph's parish hall. Gerald Burtis born at Mercy Hospital Cedar Rapids. Various social visits and upcoming meetings noted across Marion and nearby towns.
Extra police were stationed for night duty and parents urged to cooperate with them as pranksters face punishment. Marion football hosts Belle Plaine this Friday, undefeated so far. The Congregational church backs a national plebiscite on War or Peace with ballots to be distributed Sunday.
Details on how to estimate the number of lines and lines per day for Gazette Want Ads. Includes price table for 1 to 14 lines across 1 to 3 days and an additional 10 cent charge for out-of-town blind ads. Describes reply method for out-of-town readers via mail.
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