Wheat Prices, Hogs, and Livestock Market Summary
Markets show wheat futures fluctuating as Spanish and Portuguese buyers seek Argentine supplies amid Rusalia tensions. Corn and oats follow wheat moves while hog and cattle prices, aided by feeding conditions, shift, with Chicago and Kansas City reports noting slower demand and varied steer and lamb pricing.
MENTIONED IN THIS ARTICLE
Rusalia Battle
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Portucal
Argentina
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United States
Wall Street Opens With Cautious Gains Amid Washington Watch
Markets opened the week in a cautious mood as weekend surveys offered little new stimulus and traders stayed focused on Washington. Shares rose in early trading, eased late morning, then firmed after midday. rails and utilities showed resilience, while several leading issues slipped one to two points. General Motors reported April sales at 81,573, up from 47,717 in March, with May production expected to rise. Banking and labor sectors eyed policy shifts in Washington, awaiting budget and security measures. Internationally, French election results and Lausanne conference talks colored sentiment, but optimism lingered for a more conciliatory international stance.
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