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SOUTHEASTERN farm prices continued downward on eggs, cotton, peanuts, grains and most livestock during the week ended May 10. USDA’s Agricultural Marketing Service reports. However, producers of broilers received slightly higher prices and the light type hen market was fully steady. The heavy type hen market undertone was barely steady to weak. Egg prices dropped 2 to 3 cents. Except for Georgia, all livestock prices sagged even lower this week. Prices for feeder cattle and calves are generally at their lowest levels since the fall of 1971. Marketings were sharply dpwn. Receipts at six markets were 26,600 down from the 33,200 of the previous week and 40,000 a year ago. Hog prices ranged from steady to 25 cents lower.
For the second week in a row, cash grain prices continued to tumble. Corn prices were mostly 16 to 17 cents lower and soybean prices ranged 5 to 13 cents off.
GRAIN—Trading in cash grains was very light during the weekended May 9. Corn prices ranged unchanged to 24 cents lower but were mostly 16 to 17 cents off. Soybean prices were mixed, ranging from
93.6%