Chicago Grain Weekly Mixed Clues on Vietnam Crisis and Market Action
The Chicago Grain Weekly notes U S policy moves on Vietnam and a volatile week on Wall Street with 1 578 issues traded, 888 down and 547 up. The AP average fell 2 7 to 365 8 while the Dow rose to 996 35 as weekly volume slid to 40 722713 shares. Grain futures retreated early then recovered with corn, soybeans and wheat showing modest gains or losses. Large-opinion shifts and government stock sales constrained advances, keeping prices near daily highs and lows.
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Chicago Livestock Prices Edge Down After Midweek Peak
Chicago AP reports butchers sold up to 30 dollars per hundredweight on eight of five marketing days last week, but prices declined midweek, then topped at 29.50 on Friday. The week’s 22,500 head was the smallest of the year, down 2,000 from the prior week and far below last year’s 1,873,000 head.
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New York Cotton Exports Hit Season High
New York Cotton Exchange reports last week’s exports at 179,000 bales, the season’s peak, for the week ending Tuesday. Prices show USDA lowering weekly predictions. cattle markets see gains with prime beef reaching 22.50. Futures largely flat to down, with lighter trading volume and government holdings around 15.4 million bales.
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New York Bonds Decline On Viet Nam Bombing News
Prices of bonds in all major segments fell last week as renewed bombing in North Vietnam raised expectations of increased government borrowing to fund a broader war. Treasury bonds mostly declined, with a minority advancing and many holding steady.
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