Stockyards Springfield shows firm pork prices and steady hog bids
Eastern Cornbelt carcass prices range 66.50 to 78.90 for 0.5 to 0.8 inch bf with varied values. Today's Illinois Direct Hogs show steady trading and good demand with 1 3 weights at 27.00 to 34.00, boars under 300 pounds 28.00 to 33.00 and over 300 pounds 12.00 to 16.00.
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Stocks slide as oil hits fresh record amid market fear
Stocks fell for a third straight session as oil prices surged to intraday highs near 78 per barrel. GE earnings matched estimates but failed to lift nerves, while weak June retail sales and a sliding consumer sentiment added to the downturn. The Dow dropped about 396 points over the week, and bond yields moved depending on maturity as investors weighed potential rate hikes and global tensions. The dollar strengthened vs the yen and euro.
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Oil prices surge past 78 as Middle East tensions rise
Oil briefly topped 78 dollars a barrel as Israeli strikes in Lebanon fuel fears of a wider conflict and supply disruption. Prices climbed on both NYMEX and ICE futures with Brent near 77.27, and gasoline futures hit multiyear highs. Analysts warn consumer prices and inflation could rise further amid market volatility.
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Liberty Trading
Grain futures rise on Chicago Board of Trade amid oil and geopolitical tensions
Grain and soy futures climbed in Chicago with September wheat at 3.97 a bushel and corn at 2.60 as traders weigh fuel demand, energy costs, and potential supply disruptions. Across the region the Lebanon conflict, Iran’s threats, and OPEC commentary fuel oil price concerns and market psychology.
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Organization of Petroleum Exporting Countries
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