Eastern Cornbelt carcass prices rise in Springfield market
Stockyards Springfield notes carcass prices 1.00-1.25 higher across 0.5 to 0.9 inch backfat ranges with 0.5 inch at 59.00-70.50 and 0.9 inch at 53.50-66.00. Today's negotiated Illinois direct hog purchases total 15,680 with steady to higher demand and light to moderate offerings. Hog weights 300-600+ lbs bring 29.00-37.00. boars under 300 lbs 25.00-30.00 and over 300 lbs 6.00-9.00.
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Grain futures rise on Chicago Board of Trade weather forecast
Chicago AP reports corn futures increased after weather outlook for dry conditions next week. Wheat for September deliveries up 1 percent to 3.08 a bushel, September corn up 3 cents to 2.23, September oats up 4 cents to 1.32, August soybeans down 30 cents to 6.01 a bushel.
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Mergers Lift Wall Street as Nasdaq Hits 15 Month High
Stocks rose for a second straight day on merger news with EMC buying Legato and Yellow Corp acquiring Roadway. Arvin Meritor floated a $2.2 billion unsolicited bid for Dana, while the Nasdaq reached about 1,746.46, its best in 15 months as Dow gained modestly.
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