Wheat and soybeans rise on Cairo purchases and weather outlook
Wheat on the Chicago Board of Trade climbs after Egypt buys 60,000 metric tons of U S wheat in a week, while soybeans rebound on drier midsection forecasts. Corn ends steady. oats slip. December wheat at 3.81 1/4, corn 2.29 1/2, soybeans 5.48 3/4. Beef futures up, pork futures mixed on the Chicago Mercantile Exchange with mixed live cattle and hog prices.
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Chicago
Chicago Board of Trade
Egypt
U.S
Chicago Mercantile Exchange
Stockyards Prices Edge Down Across Eastern Cornbelt
Eastern Cornbelt carcass prices closed .75 to 1.00 lower with 0.5 inch bf at 55.50 to 63.94 and 0.9 inch bf at 50.00 to 59.85. Today's Illinois Direct Hogs purchases total 15,907 with steady Laws and light demand for moderate offerings. Hog weights 300 to 600 pounds bracket at 28.00 to 37.00. boars under 300 pounds 25.00 to 26.00 and over 300 pounds 7.00 to 10.00.
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Stocks Rise Moderately as Northeast Blackout Strikes After Close
Upbeat economic news lifted stocks with modest gains while a major Northeast blackout hit after market close, forcing exchanges to switch to backup power. Dow closed up 38.80 at 9310.56 as Nasdaq and Amex reported minimal outage impact.
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New York
Northeast
Dow Jones
Nasdaq
American Stock Exchange
Amex
Unemployment claims inch up as labor market stabilizes
U S unemployment claims rose by 2 000 to 398 000 for the week ending Aug 9 signaling a slower pace of layoffs. Four week moving average dropped to 394 250 the lowest since mid February while the number of long term jobless fell to 3.7 million. Producer prices rose 0.1 percent in July held back by lower food and energy, with core up 0.2 percent.
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Washington
Labor Department
Ken Mayland
ClearView Economics
PPI
Federal Reserve
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