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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 28, 2003
Page
5
Eastern Cornbelt carcass prices unavailable by the source. Illinois Direct Hogs Laws show trending steady to weak with light demand for light to moderate offerings.
Favorable planting conditions in the Midwest sent corn futures down on Tuesday at the Chicago Board of Trade while wheat rose and soybeans finished higher. Corn farmers accelerated planting over the three day weekend, with the finish now expected this week as clear skies helped make up lost time. Soybeans closed modestly higher, while July corn slid to 2.42 a bushel and July soybeans rose to 6.30 a bushel.
The report lists live hog price ranges by weight: 300-400 lbs at 24.00-27.00, 400-500 lbs at 26.00-28.00, 500-600 lbs at 28.00-29.00, and a few over 600 lbs at 29.00-30.00. Boars under 300 lbs at 22.00-27.00, and over 300 lbs at 6.00-8.00.
The euro rose to $1.1932 in Europe, surpassing the prior high as U S exporters gain while Europe faces tougher prices and reduced tourism. German industry leaders call the move a burden as American vacations face higher costs and travel concerns persist amid terrorism and SARS fears.
U S stock rally on upbeat consumer confidence and stronger home sales sent the Nasdaq to its best level in nearly a year and the Dow up about 180 points. Traders cited bargains after Memorial Day as volumes stayed strong on the holiday-week rebound.
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