Greenspan signals fed can raise rates gradually
Fed chair Alan Greenspan says policy makers likely can lift rates gradually to curb inflation but may take more aggressive steps if needed. He notes ultralow 1 percent rate may be unnecessary as the economy strengthens and energy prices press inflation. Dow rose as investors welcomed his cautious stance.
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Stockyards Springfind Illinois Hogs Prices and Negotiated Purchases
Eastern Cornbelt carcass prices show 0.5 to 0.9 inch backfat ranges from 69.00 to 85.46 per hundredweight with 14,449 head negotiated today. Illinois direct hogs move steady to 1.00 higher amid moderate demand and offerings, with 1 3 400-600 lb ranges spanning 41.00 to 48.00 and boars noted at 38.00-42.00 under 300 lbs and 10.00-13.00 over 300 lbs.
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Grain futures edge higher on soybeans at CBOT
Soybean futures climbed on the Chicago Board of Trade while corn fell and wheat held steady. July soybeans rose 3 cents to 8.52 a bushel, July corn dropped 3 cents to 2.97, and July wheat remained at 3.63 a bushel with oats up 1 cent to 1.46 a bushel.
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Chicago
Chicago Board of Trade
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