Markets surge as war fears fade and Dow tops eight thousand
Wall Street rose for a fourth straight session as the threat of war with Iraq eased. The Dow jumped 282.21 to 8141.92, lifting sentiment with gains across Nasdaq and S&P 500 while volume climbed. Analysts cautioned that sustained advances require clearer war outlook.
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Stockyards Peoria hog and cattle trading report
Hogs: 500 head, trading moderately active. barrows and gilts steady. Various weight classes quoted 34.00-34.50 for 230-260 lb and 32.50-34.00 for 260-280 lb. Sows steady across weights. 300-400 lb 23.00, 400-500 lb 24.00, 500-700 lb 26.50-27.00. Boars: Over 300 lb 6.00, under 300 lb 26.00. Cattle: 75 head, moderate. choice slaughter steers and heifers up 1.00. Slaughter steers: 2-3 grade 1,050-1,350 lb 73.50-74.00. select/choice 1,050-1,250 lb 72.50-73.50. select 1,000-1,200 lb 71.50-72.50. Slaughter heifers: 1,000-1,300 lb 73.50-74.00. 1,000-1,200 lb 72.50-73.50. 900-1,100 lb select 72.50-73.50. Cows: Not enough to establish market.
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Grain futures slip as rains, weak exports hit Chicago Trade
Weather and sluggish export market push grain and soybean futures lower on the Chicago Board of Trade. Wheat leads losses dropping over 2 percent amid rains in Plains and weak export inspections. Corn and soybeans follow with broad bearish forecasts for the Midwest and wet conditions. May wheat at 2.92 3/4, May corn 2.29 3/4, May oats 1.82 1/4, May soybeans 5.68 1/4.
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