Stockyards Springfield Market Report Prices Rise Across Carcass Lines
Eastern Cornbelt carcass prices closed higher across weights with 0.5 to 0.9 inch bf ranges from 53.75 to 67.84. Illinois direct hogs traded with 20,369 negotiated purchases and steady to firm tone amid light to moderate demand. 1-3 300-400 Ibs 24.00-27.00 dollars, up to 29.00, 400-500 Ibs 26.00-29.00, 500-600 Ibs 28.00-31.00, over 600 Ibs 29.00-32.00. Boars under 300 Ibs 24.00-27.00, over 300 Ibs 5.00-8.00.
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Grain futures slide on dry Midwest outlook
Chicago AP reports dry weather forecasts for the Midwest pushed corn and soybean futures lower on the Chicago Board of Trade. Wheat also tumbled as investors saw the market as overbought. July corn dropped to $2.46 a bushel and soybeans to $6.37, with oats and wheat down as investor sentiment shifted.
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Chicago
Midwest
Chicago Board of Trade
Art Fleischer resigns as Bush's press secretary
The White House press secretary Art Fleischer announces his July departure after a tenure through the 2000 campaign and Sept. 11 era. He jokes about dismantling live nuclear weapons and plans to pursue speaking, writing, and private sector work in New York. Deputy Scott McClellan is seen as likely successor. Ed Gillespie and Victoria Clarke named as potential options.
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Washington
White House
Art Fleischer
Saddam Hussein
Fleischer
New York
Bush
Scott McClellan
GOP
Ed Gillespie
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Victoria Clarke
Ani Fleischer
Supreme Court backs Maine drug price cutting program
The Supreme Court ruled 6-3 that Maine may seek to lower prescription prices for the poor and uninsured using the state’s buying power. The decision does not fully endorse the plan’s merits but allows Maine Rx to take effect while future challenges proceed.
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Supreme Court
Maine
Washington
John Paul Stevens
Dow Drops 185 Points on Dollar Weakness and Profit Taking
New York AP Dow Jones slid 185 points as nerves about a weaker dollar and a potential Maine drug price ruling sparked profit taking after a strong postwar run. Investors cited light volume, fading confidence, and disappointing retail data as factors. Lowe’s fell to 40.30 after modest earnings. Home Depot dropped 1.12 to 28.07 ahead of earnings. The Conference Board Index of Leading Economic Indicators edged up 0.1 to 110.6, signaling tepid growth but meeting forecasts.
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Market Watch May 19 2008 Dow Jones and Nasdaq diaries
Market summary shows Dow Jones at 7185.58 and industrials at 8493.39. Advancers and decliners recorded with Nasdaq diaries noting 952 advances and 2224 declines, volume figures 1.73 and 1.65 billion respectively. New highs and lows data appear for Nasdaq. NYSE data list consolidated volume.
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Dow Jones
Water toy recall for SwimWays Deluxe Dive Buddies
A Virginia firm recalls about 25,000 packages of four 7.5 inch soft plastic water sticks designed to stand upright but sink to pool bottoms. Swimmers could be injured if struck. consumers are urged to remove toys and contact Swimways for refunds or free replacements at 800-889-7946 or www.swimways.com.
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Virginia
Swim Ways
Commission
Swimways
Swimways.com
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