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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 08, 2003
Page
5
The Machinists union representing United baggage handlers and public contact staff said March 17 to take the contract issue to court is not feasible. After a week of talks in Chicago the leaders warned a ratified deal by the deadline is unlikely though further negotiations will continue.
U S markets fell after the Labor Department showed February unemployment at 5.8% with 308,000 jobs lost, the largest one-month drop since 2001, though a late bounce followed hints of progress against Osama bin Laden. Reports noted al Qaida members killed in Afghanistan.
Wheat futures on the Chicago Board of Trade dropped to eight month lows after a week of negative export news. Large commodity funds triggered a sharp selloff, with May wheat down 9 cents to 3.04 a bushel. May corn fell 0 to 2.40, May oats rose 2 cents to 1.89, May soybeans up 1 cent to 5.63.
Eastern Cornbelt carcass prices fall 1.50 to 1.75 lower with 0.5 to 0.9 inch backfat ranges listed. Illinois Direct Hogs show steady prices on 300-600 pound ranges with moderate demand and light to moderate supply. boars under 300 pounds 18 to 22, over 300 pounds 4 to 6.
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