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Archive for Wednesday, March 16, 2005

Commodities

March 16, 2005

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Chicago Board of Trade

Grain and soybean futures jumped higher Tuesday on the Chicago Board of Trade.

Wheat for May delivery rose 14 cents to $3.68 a bushel; May corn rose 7 1/2 cents to $2.28 1/2 a bushel; May oats rose 2 1/4 cents to $1.58 3/4 a bushel; May soybeans rose 25 cents to $6.81 a bushel.

Beef futures advanced while pork futures finished mostly higher on the Chicago Mercantile Exchange.

April live cattle rose .65 cent to 89.75 cents a pound; April feeder cattle rose .75 cent to $1.0475 a pound; April lean hogs remained unchanged at 70.57 cents a pound; May pork bellies rose .65 cent to 90.35 cents a pound.

Local markets

As of Tuesday's close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator -- Wheat, $3.52; corn, $1.94; milo, $1.79; soybeans, $6.31. Edgerton Elevator -- Wheat, $3.52; corn, $1.94; milo, $1.79; soybeans, $6.31. Overbrook Elevator -- Wheat, $3.52; corn, $1.94; milo, $1.79; soybeans, $6.31. Midland Elevator -- Wheat, NA; corn, $1.98; milo, NA; soybeans, $6.31. Lawrence North Elevator -- Wheat, NA; corn, $1.98; milo, NA; soybeans, $6.31. Lawrence South Elevator -- Wheat, $3.52; corn, $1.94; milo, $1.79; soybeans, $6.31. Pauline Elevator -- Wheat, NA; corn, $2.02; milo, $1.84; soybeans, $6.31.

St. Joseph livestock

Quotations for Tuesday:

Estimated Hog Receipts: 200 Compared to Monday, barrows and gilts sold 1.50 lower. Reduced slaughter has created a backlog of slaughter hogs and depleted demand. Barrows and gilts 46-50 percent lean 230-280 lbs 45.00-45.50. Sows: Under 500 lbs 1.00 lower; over 500 lbs steady to 1.00 higher; 1-2 300-500 lbs 40.00-41.00; 1-3 500-700 lbs 45.00-47.00. Boars: Steady; 300-700 lbs 12.00.

Nonferrous metals

Spot nonferrous metal prices Tuesday:

Aluminum - 91.6 cents per lb., London Metal Exch. Tue.

Copper - 154.00 cents Cathode full plate, U.S. destinations.

Copper 149.55 cents per lb., N.Y. Merc spot Tue.

Lead - $1004.0 per metric ton, London Metal Exch.

Zinc - 68.42-68.67 cents lb., delivered.

Gold - $440.65 Handy & Harman (only daily quote).

Gold - $440.90 troy oz., NY Merc spot Tue.

Silver - $7.395 Handy & Harman (only daily quote).

Silver - $7.377 troy oz., N.Y. Merc spot Tue.

Mercury - $650.00 per 76 lb flask, N.Y.

Platinum - $875.00 troy oz., N.Y. (contract).

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