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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 11, 2004
Page
5
Investors fled shares as rate fears intensified after the Labor Department reported 288000 new jobs in April. The Dow closed below 10000 for the first time since December 10, with all major indexes at yearly lows amid fears the Fed could raise rates next month.
Grains and soybean futures fell sharply on the Chicago Board of Trade. Wheat for July delivery dropped 17 cents to 3.85 a bushel, July corn down 12% cents to 2.98, July oats off 6 cents to 1.66, and July soybeans down 19 cents to 10.12 a bushel.
Stockyards Springfield reports lower Eastern Cornbelt carcass quotes for 0.5 to 0.9 inch backfat. Illinois direct hog purchases total 14,279 with prices mostly steady to higher. 300-400 Ibs 38.00-41.00, up to 43.00. 400-500 Ibs 39.00-42.00. 500-600 Ibs 41.00-43.00. over 600 Ibs 43.00-44.00. Boars under 300 Ibs 30.00-37.00, over 300 Ibs 10.00-12.00.
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