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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Sep 21, 1966
Page
2
New York stock and commodity notes show slower trading with varied results. Cotton and oats fell, soybeans and hogs mixed, and slaughter cattle steady to strong. Baltimore cattle receipts are light, with prices steady for some hogs and gilts. Wholesale egg prices in New York edged up amid steady to firm demand.
Baltimore wheat receipts show 195 62 bushels with shipments 447 4027 bu and stocks 7772 674 bu. Opening prices unavailable with red winter and spot domestic at 179 dollars. Core records note 30322 bu shipments with 1 bu stocks and 2 bu shipments amid domestic market activity.
Slaughter steers and heifers scarce. cows fully steady. Some bulls steady. Feeder steers steady to higher. heifers steady to 50 cents lower. Slaughter cows utility and commercial categories noted. Cattle totals: 632 cattle and 130 calves. Versus Monday Sept 17.
Market report shows a range of prices across cattle hogs and sheep with mixed demand. Holsteins and utility cattle bring moderate bids while high yielding steers and feeders command stronger prices. Hog and sheep offerings are light with limited tests of demand.
A detailed sale sheet shows stock cattle results with steers to 7950, heifers to 4400, bulls to 2400, and cows 1750 to 1925. Veal calves priced 25 to 3650 depending on weight and grade. Hogs and sows also charted with per head and per hundredweight ranges for various sizes.
Chicago AP reports the broadest advance in over a month in hog prices with wholesales up mostly 50 cents per hundredweight. Top price reached 242.50, up from last Thursday. Slaughter steer market held steady to strong with high grade offerings at 26.25 to 27.00, and spring lambs unchanged around 23.50 to 25.50 for mixed grades.
Speculators who sold corn and soybean futures turned buyers on Tuesday as prices recovered. Soybeans rose about 2 cents a bushel at best while corn gained small fractions to about a cent. Wheat slipped 3 cents, rye fell 2, and oats down 1. September futures showed notable shifts with corn and oats mixed.
Trade notes show September wheat at 72 percent, rye bids down by about 2 cents, September soybeans near 3.10 per bushel. Prices reflect a cautious session with nearby futures fluctuating as traders weigh supply signals and demand signals in a tight crops outlook.
The New York stock market extended a sluggish pullback after last week’s gains. Volume reached 457 million shares with 1,389 issues traded. 724 fell and 400 rose. Ford lowered 1967 car prices but said gains weren’t enough to cover costs, and major groups including autos, steels, farms, aerospace, electronics, drugs, rails, and tobacco posted declines. The Dow fell 4.84 to 806.1 and the AP average slipped 1.9.
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