Prices Rise as Eastern Cornbelt Carcass Values Climb
Eastern Cornbelt carcass prices showed higher values across all weights from 0.5 to 0.9 inches BF with ranges cited. Today's Illinois Direct Hog purchases total 16,298 with steady to moderate demand and offerings. hog weights across 300 to 600 pounds posted price spreads from 37.00 to 44.00, while boars under 300 pounds ranged 28.00 to 33.00 and over 300 pounds 9.00 to 10.00.
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Grain futures rise on Chicago Board of Trade
Grain and soybean futures surged on Tuesday with May wheat up 4 percent to 3.78 a bushel, May corn up 8 cents to 3.09, May oats up 6 cents to 1.72, and May soybeans jumping to 10.03 a bushel on the Chicago Board of Trade.
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Mixed stocks end session after earnings and rate worries
Wall Street closed mixed as investors weighed solid earnings from Lockheed Martin and R.J. Reynolds against the threat of higher interest rates. The Conference Board and Realtors reports showed ongoing economic improvement with consumer confidence up to 92.9 and existing home sales rising 5.7 percent to a 6.48 million annual rate in March.
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