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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Aug 08, 1972
Page
4
In Chicago trading, soybeans and grains fell early with wheat down about 6 cents a bushel. Soybeans slipped around 2 percent, corn down roughly 1 percent, and oats near 1 cent lower. Soybean meal slid over $1 a ton and soy oil declined about 20 points. Teed broilers steady in slow trade.
Des Moines AP says Iowa crops last week were good to excellent per the Iowa Crop and Livestock Reporting Service. Corn 70 percent excellent, 28 percent good, 1 percent fair. oat harvest lagging in several regions. soybeans mostly blooming with progress toward pods. Pasture mostly good to excellent. alfalfa second cutting over 70 percent complete. Consistory meeting announced for Grace United Church of Christ in Conesville.
Estimated Wednesday receipts include 5 000 hogs 800 cattle and 200 sheep at National Stockyards with hogs down and cattle steady to higher. Sows and boars price ranges given. slaughter cattle and lambs budgeting steady market. Webster City stockyards report 600 cattle steady to higher with top yields. hogs steady with Monday close. Local grain quotes for Muscatine and Chicago cash grains listed.
The five day stock market rally paused as investors took profits amid mixed trading. Dow Jones noon average fell 3.92 to 949.20, with 653 declines to 524 advances on 1,549 issues on the Big Board. NYSE index down 17 to 60.66 and AMEX down 0.01 to 2689. Analysts cited reports of a new North Vietnamese offensive in Cambodia as a factor in the downturn.
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