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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 06, 2002
Page
5
Forecasts of hotter, drier Midwest conditions pushed corn and soybean futures higher on the Chicago Board of Trade. Wheat also gained as traders priced in increased heat stress and potential drought, with December corn up to $2.46 a bushel and September soybeans at $5.14.
Markets rallied on Wall Street after the Fourth of July break with the Dow Jones up 824.53 points to 9,379.50, the strongest one day gain since September and the 10th best day in history. The Nasdaq rose 68.19 and the S&P 500 gained 35.04 as traders looked for bargains amid a relief rally and caution about next week's direction.
Eastern Cornbelt carcass prices listed by inch bf from 0.5 to 0.9 showing ranges. Today's negotiated purchases total 12,772. Illinois Direct Hogs Laws indicate steady demand with light activity. price ranges across weight classes from 16.00 to 22.00 for various 100 lb brackets and boar prices from 7.00 to 23.00.
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