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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Nov 22, 2002
Page
5
Eastern Cornbelt carcass prices were not provided. Today's negotiated Illinois Direct Hogs Laws show steady to higher bids across weight classes with light to moderate demand. 1 3 300-400 lbs 17.00-20.00, 400-500 lbs 18.00-21.00, 500-600 lbs 20.00-24.00, over 600 lbs 22.00-26.00. Boars under 300 lbs 12.00-17.00, over 300 lbs 4.00-7.00.
AP reports Guidant and a wide range of stocks with mixed activity on the New York Stock Exchange. Notable movers include IBM, Merck, ExxonMobil, Wal Mart, Microsoft, and General Electric with varied highs lows and closes reflecting daily volatility.
Chicago price moves show soybeans easing on a market correction with December wheat at 3.74 1/4, December corn 2.46 1/2, and January soybeans 5.69 1/2 per bushel. Beef and pork futures mostly lower on CME with live cattle at 74.22 per cwt and hogs at 44.90.
The Dow Jones rose 222.14 to 8,845.15, its highest in three months, as Hewlett Packard earnings beat expectations. The Nasdaq gained 48.20 to 1,467.55, lifting sentiment after a day of strong economic data and a seventh straight weekly advance.
The Conference Board index of leading indicators stayed at 111.4 in October after a September revision, signaling a potential stabilization of the U.S. economy. Weekly jobless claims dropped to a four month low while housing improves, yet manufacturing excess capacity and cooling auto sales temper the outlook. Six of the ten components rose, including claims and building permits.
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