Market Summary: Soybeans Slip as Hogs and Cattle Rise
Soybeans end lower amid late selling. Butcher hogs rise to a top of 24.75 per hundredweight. Slaughter steers stay steady with a top price of 26.50.
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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Oct 15, 1965
Page
8
Soybeans end lower amid late selling. Butcher hogs rise to a top of 24.75 per hundredweight. Slaughter steers stay steady with a top price of 26.50.
Prices show lower cattle and veal values with 4H and FFA entries. Steers average around 4200 CWT with top notes near 190 per lb. cows and utility cattle fall lightly while stock cattle reach 2800 for stock steers and 7320 for stock heifers. Lambs and veal calved ranges noted with various grade spreads.
Market notes show cattle and hog prices with liveweight ranges for various classes. Pigs and shoats list specific per hundredweight figures, hogs graded Not and No 2 Choice with weight bands. Sows under and over 400 pounds noted, bears price guidance. corn and wheat futures show light trading and mixed moves with oats and rye variations.
Prices for cattle and hogs at West Maryland Stock Yards show steers 1600 to 7590 per 100 lbs, heifers 5 to 1975, bulls 160 to 1885, cows 1400 to 450, calves 13026 00 to 2700 3400, lambs 1000 to 2200, pigs 49 to 2750 a head, stock hogs 1650 to 1675 per 100 lbs, and heavy boars 500.
New York AP USDA reports wholesale egg offerings adequate with good demand. Whites and Browns show extra fancy heavy weight prices around 42 to 45 dollars per 47 pounds, fancy medium about 34 to 38 dollars, smalls near 28 to 29 dollars. butter offerings steady with no price change.
Baltimore AP USDA cattle receipts list 350 slaughter steers and heifers scarce. Hog receipts 150s moderately active. Barrows and gilts mostly steady 25 to 50 cents. Prices shown: US 1 and 2 239 pounds 25.25. US 1 and 2 190 to 225 pounds 24.50 to 25.25. US 2 and 3 237 to 270 pounds 24.00 to 25.00. sows 200 to 400 pounds 21.00 to 23.75. US 2 and 3 400 to 500 pounds 19.75 to 21.00. 500 to 60 pounds 18.75 to 20.00.
Baltimore grain receipts and stocks show No 2 red winter corn and barley prices at Frederick. hogs, steers, heifers, lambs and ewes quoted with steady or higher trends. Major prices include flour and wheat at domestic spot levels and corn at 1492 and 125 per bushel respectively.
CHICAGO AP reports soybean futures slipped after late profit taking on the Board of Trade Thursday. Soybeans and grains closed generally lower with only slight price swings amid a thin trading session and the absence of clear market catalysts.
The report notes soy prices easing mildly while beans fall to a new low for the week. It marks the third consecutive session of a corrective pullback since markets climbed to yearly highs earlier in the year. Volume traded stood at about six million shares, the smallest for the week.
The New York market showed a scrambled pattern as overall statistics remained unsettled. Investors watched mixed indicators across major listings amid fluctuating trading volumes and shifting prices.
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