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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jun 25, 2004
Page
5
In Chicago trading soybeans edged up while wheat and corn fell. July wheat dropped 5 cents to 3.39 a bushel and July corn slid 11 cents to 2.734 a bushel. July oats declined 1.5 cents to 1.45 a bushel, while July soybeans rose 4 cents to 9.21 a bushel.
Eastern Cornbelt carcass prices fell across weights with 0.5 inch at 80.00 to 88.99, 0.6 inch 78.50 to 87.57, and 0.9 inch 74.50 to 83.31. Today's negotiated Illinois Direct Hogs total 15,524 with steady to firm trading and demand from moderate to heavy offerings. Hog weight brackets ranged 300-400 lbs at 45.00-49.00, 400-500 lbs 46.00-51.00, 500-600 lbs 48.00-52.00, over 600 lbs 49.00-53.00, with some 55.00 fetches. Boars under 300 lbs 38.00-42.00, over 300 lbs 12.00-15.00, few 16.00.
U S stocks fell after overseas attacks and weak domestic data soothed by a May home sales high. The Dow dropped 35.76 to 10,443.81. Nasdaq and S&P 500 also eased, with analysts noting underlying fundamentals and cash-rich firms support the recovery.
May durable goods orders dropped 1.6 percent from April, broadened by declines in cars, machinery and computers. New home sales surged 14.8 percent to a record annual rate of 1.37 million, led by large gains in the Northeast and South while the Midwest stayed flat. Unemployment filings rose to 349,000.
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