Soybean Oil Futures Rise On Lard Export Subsidy News
Chicago price action shows a rare one day surge in soybean oil futures with spillover into soybeans and meal as traders weigh a U S decision to subsidize lard exports to the United Kingdom. Wheat and corn edges drift, oats and rye hold with lighter trade.
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Guerrilla Forces Lose Ground in Spain Exercise Opener
In Albacete Spain Spanish and U S forces repelled guerrilla units during the opening of Pathfinder Express III a three day joint drill involving about 2600 troops.
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Markets at a Glance New York closing prices
The AP reports mixed commodity activity with wheat and corn irregular, soybeans firm on strong demand, Bucher hogs steady to 25 cents lower, receipts at 4 500, top price 20 50. The weighted wholesale price index for 35 commodities fell to 164.44 from 16 87 yesterday, 163 90 week ago, 163 25 month ago, and 162 67 year ago.
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Hogs and cattle market report from Chicago and New York
Livestock trade mixed with hogs down 25 cents per hundred weight and cattle trading steady to slightly higher. Slaughter steers and heifers active with prime and choice yielding several dollars above base prices. bears and sows lower amid moderate activity. New York wholesale egg offerings edge up with large and medium eggs firming while smalls show irregular demand.
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Newsman Poor After Operation in San Angelo
Blondy Cross, longtime San Angelo newspaper figure and sports editor, remains in poor condition at Shannon Hospital after surgery. He entered the hospital a week ago and reportedly suffered complications from the operation. Cross, about 67, joined the paper in 1928 and was known for his sports column Top O The Morn.
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