Eastern Cornbelt carcass prices and hog market report
In Springfield AP bulletin shows carcass prices by thickness from 0.5 to 0.9 inch bf with ranges 67.50 to 81.24, 71.50 to 81.00, 70.00 to 81.00, 70.00 to 81.00, and 67.50 to 77.25. Illinois direct hogs details: US 1-3 300-400 Ibs 38.00-41.00, up to 43.00 for some 400-500 Ibs. 500-600 Ibs 40.00-43.00, over 600 Ibs 42.00-44.00. Boars under 300 Ibs 28.00-35.00, over 300 Ibs 9.00-10.00. Prices trending steady to 1.00 higher with moderate demand.
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Grain futures mixed as wheat climbs at Chicago Board
At the Chicago Board of Trade on Tuesday wheat for July delivery rose 14 cents to 4.11 a bushel while corn slipped and oats and soybeans posted small gains. July corn fell half a cent to 3.23 a bushel and soybeans rose 2 cents to 10.21 a bushel with oats up fractionally to 1.77 a bushel.
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Chicago
Chicago Board of Trade
Fed holds rate steady signals summer rate rise
The Federal Reserve kept the key rate at a 46 year low and dropped the promise to wait before raising rates. Analysts expect the first hike in August, with June possible for some, as data on jobs and inflation drive policy. The Dow closed up 3.20 at 10317.20 amid a measured pace outlook.
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