Eastern Cornbelt carcass prices slip on steady to lower trade
Stockyards Springfield reports weak to 0.50 lower prices for live slaughter cattle with bids by weight, and Illinois direct hogs trading steady to 1.00 lower amid light to moderate demand. Prices listed for hogs range from 28.00 to 36.00 dollars per 100 pounds across weight classes, with boar quotes 6.00 to 32.00.
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Soybean futures slump on late selling at Chicago Board of Trade
In Chicago grain markets on Thursday soybeans led a broad retreat after a late wave of speculative selling. Wheat touched seven week lows as prices moved lower on the day, with July deliveries in soybeans down to 6.28 a bushel and corn and oats also slipping.
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Stocks rise modestly after jobless claims signal stabilizing layoff pace
Wall Street edged higher as a jobless claims report suggested fewer layoffs, a bounce from prior Fed rate cut reactions, with the Dow up 0.8 percent to 9,079.04 and the Nasdaq advancing about 2 percent to 1,634.01. The day reflected directionless gains amid cautious optimism ahead of quarter end and earnings warnings season.
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