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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 30, 2004
Page
5
Chicago AP reports soybeans and grains mostly lower on Thursday at the Chicago Board of Trade. Wheat for September delivery dropped to $3.12 a bushel while corn for September remained at $2.18. Oats fell to $1.24, and August soybeans slipped to $6.24 a bushel.
Eastern Cornbelt carcass prices fell across multiple fatback ranges from 0.5 to 0.9 inch, with 0.5 inch at 76.50 to 85.83 and 0.9 inch at 71.00 to 80.35. Today’s Illinois Direct Hogs purchases totaled 15,065. Trading remained steady with moderate demand and offerings across weight brackets from 300 to over 600 pounds. Boars showed 35.00 to 40.00 for under 300 pounds and 10.00 to 16.00 for over 300 pounds.
The dollar rose to fresh multiweek highs in a choppy session as Asia and Europe supported the upturn on ongoing shifts in dollar bearish positions. Talk of a key al Qaida operative being caught briefly spiked the euro to a seven week low before it rebounded, and the greenback closed modestly higher.
Wall Street rose modestly as oversold tech shares led gains while investors dismissed high oil prices and GM downgrades. Dow edged up to 10,129.24 with gains in S&P 500 and Nasdaq as Labor data showed wage growth slowing and unemployment claims rising slightly. MetLife jumped after reporting a 45 percent jump in second quarter profits, surpassing estimates.
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