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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 16, 2003
Page
5
In Chicago trading, wheat for July delivery rose 9 cents to 3.38 a bushel as corn gained 4 cents to 2.55 a bushel and oats climbed to 1.62 a bushel while soybeans slipped to 6.48 a bushel.
Eastern Cornbelt carcass prices closed steady with multiple weight tiers listed: 0.5 inch bf 56.17 to 64.69, down to 0.9 inch bf 52.50 to 60.56. Illinois Direct Hogs measures show stable trends across weights 300 to 600 plus pounds, with boars under 300 pounds 20 to 29 and over 300 pounds 5 to 8.
Wall Street rose as jobless claims fell for the third straight week and IBM signaled optimism about profits, lifting the Dow 65.32 to 8,713.14 while Nasdaq rose to 1,551.38 and the S&P 500 to 946.67. The Labor Department reported 417,000 initial claims, suggesting tentative economic improvement.
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