Market Watch Snapshot September 13 2007
Standard & Poor's 500 sits at 1483.95 while the Russell dips 2.45 points to 2000.78. The NYSE diary shows advanced issues at 1928 and declines at 1355 with 86 unchanged. Volume trades around 1,275,102,500 shares.
Grain futures slide as Wheat leads BT trade fall
Chicago wheat futures for December tumbled 15.5 cents to 8.45 a bushel, with December corn down 9.75 cents to 3.4675, December oats up 2.25 cents to 2.79, and November soybeans up 2.75 cents to 9.4125. Associated Press reports the day’s price movements on the Chicago Board of Trade.
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Chicago Board of Trade
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Stockyards Springfield prices and Illinois hog market report
The Associated Press notes Eastern Cornbelt carcass prices by inch fat content ranging from 50.50 to 67.00 with varied spreads. Negotiated purchases totaled 14 714 hogs across Illinois with steady trading and moderate demand. Price ranges by weight include 300 400 Ibs at 32.00 35.00 and 500 600 Ibs at 36.00 38.00. Boars under 300 Ibs bring 26.00 30.00. over 300 Ibs 11.00 14.00.
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Governor sweetens bailout for Chicago mass transit
Governor Rod Blagojevich expands his rescue plan for CTA Pace and Metra by offering to advance the full 2008 $54 million RTA grant for paratransit and add $24 million previously scheduled. The moves aim to avert Sunday service cuts and buy time for a long term funding solution as RTA weighs the subsidies ahead of Friday vote.
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