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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 21, 2003
Page
5
Technical buying pushed wheat futures sharply higher on the Chicago Board of Trade with July wheat up 6 cents to $3.35 a bushel. Soybeans advanced after a mad cow disease scare in Canada boosted demand while corn stayed flat at $2.46 a bushel. July oats slid fractionally to $1.58.
AP notes moderate hog trading with barrows and gilts up about 1.00, 1-2 230-260 lb at 41.50 to 42.00, 2-3 260-280 lb at 40.00 to 41.50. Sows across weights gain about 1.00 with 300-400 lb at 28.00, 400-500 lb at 29.00, 500-700 lb at 29.50 to 30.50. Boars over 300 lb at 8.00, under 300 lb at 33.00.
The American Dental Association sues six health plans in federal court, alleging a RICO conspiracy to delay and reduce dental payments. Defendants include Cigna and MetLife units, Mutual of Omaha, with the suit aiming to certify a class action for over 100,000 dentists and align with a broader doctors' action before U.S. District Judge Federico Moreno.
Wall Street closed narrowly lower after early gains amid fears of mad cow disease and a heightened terror alert. The Dow fell 2.03 points to 8491.36 while the Nasdaq slipped to 1491.09 and the S&P 500 slid to 919.73. Canada reported an Alberta mad cow in a slaughtered eight year old, prompting bans on certain imports.
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