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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 15, 2003
Page
5
Wall Street extends its rally to a third straight day lifting most stocks and ending a two week loss. Investors tread cautiously ahead of the weekend as war jitters and tepid recovery weigh on momentum. Dow rose to 7,859.71 with a high of 7,931.63 and a low of 7,799.48.
Eastern Cornbelt carcass prices closed steady with varying price ranges by fat thickness from 0.5 to 0.9 inches. Today's Illinois Direct Hogs purchases total 16,365 with demand described as moderate. 300-400 lb hogs bring 20.00-22.00, 400-500 lb hogs 22.00-23.00, 500-600 lb hogs 24.00-25.00, many over 600 lb at 25.00-27.00 and some at 28.00. Boars under 300 lb 18.00-24.00, over 300 lb 4.00-6.00.
Weather concerns and bearish demand outlooks depress corn futures on the Chicago Board of Trade. Wheat also declines on late selling while soybeans hold steady after recent gains as May contracts move in varied directions.
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