Stocks edge lower as Fed meeting looms amid caution
Wall Street fell as investors waited for the Fed to decide rates and a possible quarter point cut. Banks faced pressure from a weak housing market and pending third quarter results. Traders watched Merrill Lynch and Greenspan remarks while oil and gold surged and overseas markets eased.
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Grain futures rise on Chicago Board of Trade
Agriculture futures climbed Monday on the Chicago Board of Trade with wheat for December up 0.29 at 8.75 per bushel, December corn up 0.0325 at 3.5225, December oats up 0.0175 at 2.825, and November soybeans up 0.1375 at 9.685 per bushel.
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NYSE Closing Stocks Ripple Through Broad Market
NYSE listed prices show mixed weakness and gains across sectors led by large caps. Intel, IBM, Microsoft and Exxon report notable moves while Exxon and Pfizer edge higher, with tech and consumer firms posting variable closes amid broad market activity.
Stockyards Prices and Hogs Trading Notes
Prices for Eastern Cornbelt carcasses range by thickness from 50.75 to 68.48 dollars per hundredweight with most quotes in the 53 to 69 range. Today's negotiated purchases total 14 450. Illinois direct hogs trading remains steady with moderate demand and offerings. US 1 3 weights 32 to 35 dollars per hundredweight. 400 to 500 pounds 34 to 36. 500 to 600 pounds 36 to 38. few at 39 and over 600 pounds 37 to 40. Boars under 300 pounds 25 to 30. over 300 pounds 11 to 14.
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