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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 26, 2002
Page
5
In Chicago trading at the Board of Trade, corn futures slid to new lows as sluggish U.S. exports weighed on sentiment. May wheat rose to $2.83 a bushel, May corn fell to $2.03, May soybeans edged down to $4.62 a bushel, while May corn showed a slight rise to $2.02 per bushel.
Prices across fatback carcasses range from 41.50 to 51.26 per hundredweight with varied thickness. Illinois direct hog purchases total 13 192 as weather slows movement and demand stays light for lighter offerings. Hogs under 300 pounds fetch 20.00 to 26.00, over 300 pounds 12.00 to 15.00 for boars.
Investors sold stocks sharply as first quarter earnings approach, erasing most March gains. The Dow fell 146.00 to 10,281.67, the S&P 500 slipped 16.83, and Nasdaq declined 38.90 amid low volume and caution ahead of earnings, with analysts noting risk aversion and near-term uncertainty. Will Braman of John Hancock Funds said traders seek corroboration before the season begins.
The Dow Jones Industrial Average fell to 10,281.67 after a 146 point drop, while the S&P 500 slid 16.83 to 1,131.87 and the Nasdaq Composite declined 38.90 to 1,812.49. NYSE volume showed 1.34 billion shares traded with after hours activity, and the Wilshire 5000 valued at 10,623.31 billion.
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