Stocks surge as GDP growth fuels rally on Wall Street
A solid 4.1 percent fourth quarter GDP reading sent the Dow up 170 points and the Nasdaq up about 3 percent. Analysts split on whether the jump marks a lasting recovery or a temporary bargain bid amid a nine week correction. The market faced headwinds from high valuations and terrorism fears, but optimism on earnings and corporate demand kept velocity. Major indices closed higher with the Dow at 10,218.82 and the Nasdaq near 1967.17.
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Stockyards Price Report From Springfield Illinois
Eastern Cornbelt carcass prices fell across weights with 0.5 to 0.9 inch belly futures. Today's negotiated purchases show 15 578 Illinois direct hogs traded with light to moderate demand and mostly steady to lower wiring for light weight sows. Boar prices range from 25.00 to 33.00 for under 300 pounds and 8.00 to 12.00 for over 300 pounds.
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Illinois
Grain futures drift in Chicago market with mixed soybeans rise
In Chicago grain trading on the Board of Trade soybean futures rose on Thursday while wheat and corn slipped. May wheat dropped to 4.08 dollars a bushel and May corn to 3.06 dollars, May oats advanced to 1.67, and May soybeans increased to 10.28 dollars a bushel.
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