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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 08, 2006
Page
5
Soybean futures declined on Wednesday on the Chicago Board of Trade while grain futures finished mixed. Wheat for September delivery rose 2 percent to 4.04 a bushel, September corn fell 4 cents to 2.49 a bushel, September oats unchanged at 1.95 a bushel, and August soybeans fell 8 cents to 6.00 a bushel.
June payrolls rose 121000, below expectations, keeping unemployment at 4.6 percent. Wages jumped 0.5 percent, fueling inflation worries as the Fed weighs another rate move. Dow fell 134.63 points to 11090.67 amid tepid hiring and energy-price pressure.
The Dow Jones Industrial Average dropped 134 points after corporate profit warnings and rising oil prices overshadowed a modest jobs report. Investors worried the economy may be slowing too fast, while energy costs climbed and weighed on markets.
Eastern Cornbelt carcass prices list by thickness from 0.5 to 0.9 inch bf with wide ranges. Today's Illinois Direct Hogs Lows show 12 928 purchases and a steady trend but weekly losses. May jobs rose 121k versus 175k expected, unemployment at 4.6 percent, signaling modest demand and offerings. Live hogs by weight 1 3 300-400 Ibs to over 600 Ibs prices. Boar prices given. Investors fear inflation and rate hikes amid slow growth and potential profits impact.
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