Grain and livestock futures rise on weaker dollar and rate cut
Wheat and soybeans gain on the Chicago Board of Trade as a weaker dollar and a Federal Reserve rate cut boost export hopes. Corn dips after early gains as Midwest harvesting continues. livestock futures retreat or mix on CME with December live cattle and lean hogs sliding while feeder cattle and pork bellies show mixed moves.
MENTIONED IN THIS ARTICLE
S. Chicago
Chicago Board of Trade
Federal Reserve Board
Asia
Ing
Clinton
Russia
Chicago Mercantile Exchange
Ecember
Livestock Quotations From Frederick Westminster and Hagerstown
Market notes from Frederick Westminster and Hagerstown dated Oct 12 1998 to Oct 14 1998 show bids for cattle hogs calves and sheep. Prices cover butcher cows bulls steers heifers stock cattle veal calves farm calves and dairy replacements with bids by animal type and weight and regional auction houses.
MENTIONED IN THIS ARTICLE
Frederick
Choi
Frederick Livestock Auction
Westminster
U.S
Westminster Livestock Auction
Hagerstown
Dollar slides as Fed rate cuts spark markets
In New York, the dollar weakened further after the Fed cut two short term rates, signaling expectations of further reductions. Traders priced in additional cuts while stock markets rallied, with the dollar trading around 115.25 yen and 1.618 marks, after dipping to 113.55 yen. Analysts noted ongoing caution over currency values amid international policy moves and possible future interventions.
MENTIONED IN THIS ARTICLE
NEW York
Federal Reserve
U.S
Jim Collins
Salomon Smith Barney Inc
Fed
U.S. Treasury
Japan
Isa Finstrom
Smaller stock investors still confident
Money magazine reports smaller investors remain undaunted by market swings. A survey taken last month shows 73 percent invest long term and 72 percent did not alter portfolios after steep drops. Fifty percent would change if the market fell 500 points, 39 percent say portfolios weaker than a year ago. Forty eight percent think now is a good time to buy while 37 percent find volatility too high. Twenty one percent bought stocks in response to market moves.
MENTIONED IN THIS ARTICLE
Money Magazine
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Fcnb Corp
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Pepsico
Vu Ite Corp
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GaPacific
Sears
Bank of America
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St. Paul
IBM
Kernart
H Toys R Us
Life Tech
Ya Ul Airways
Au Cbm
Lockheed
Yith Wcom Ag
Lowe's
WalMart
Coca Cola
Ya Marriott
Wash Gs
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Comsat
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Crown Amer Ba
Exxon
Ferris Baker Watts
The
Frederick News Post
Frederick City
Ithe
Ast Sin
Sis
Trederick
Maryhand
Morgan Stanley
Dean Witter
Walt Disney
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Patrick Center
West
Patrick Street
Mupran Stanley
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IPG
Dean Wier Reynalls
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Lancer Cuddy
Fom
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Hrederich Netts-jost
OLD Kent Mortgage Company
Yee
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