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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 07, 2003
Page
5
Wall Street edged higher on positive earnings but pared gains after the Fed kept rates at 1.25 percent and warned of risks to the economy. The Dow swung to a gain before closing around 8,588 with an intraday high near 8,641. Details show a 56.79 point rise.
Eastern Cornbelt carcass prices by thickness range from 46.75 to 60.07 per hundredweight with 0.5 to 0.9 inch grades. Today's negotiated purchases total 17 510. Illinois direct hogs show steady to higher trend with light to moderate demand and varied weights quoted for US 1-3 hogs across weight classes. Boars priced 20.00 to 27.00 for under 300 Ibs and 5.00 to 6.50 for over 300 Ibs.
Grain futures on the Chicago Board of Trade rose modestly for a second straight session. Wheat for July delivery gained about 4 percent to around 2.93 a bushel amid technical buying and weather concerns. Soybeans also rose while corn finished nearly flat as traders weighed rumors and planting pace.
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