Interest rates rise on short term loans in market shift
The AP reports rates climbing from treasuries to lenders and finance firms as money managers tighten credit. Analysts weigh if this is a temporary phase or a deliberate move to curb speculation, bolster the dollar, or curb hot money flows to foreign markets.
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Wine institute warns against popping champagne bottles
In San Francisco a Wine Institute spokesman cautions that high pressure champagne bottles should not be opened aimed at people. The note comes amid general reminders on safe handling of sparkling wine.
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San Francisco
Wine Institute
Grain and Livestock Market Update from Omaha and Chicago
The report covers hog, cattle, sheep, and grain prices from Omaha and Chicago markets. Hogs show mixed movement with some declines, cattle and calves steady to firm, spring lambs firm, and pork cuts pricing shifting. Grain futures rally on futures board driven by short covering and demand, with corn, wheat, rye, and soybeans posting gains. Chicago cash grain notes no wheat or soy sales. corn and oats listed with bid ranges. Des Moines market notes 60,000 receipts with mixed hog weights and sow reductions, reflecting lower prices for sows over 360 pounds and varied barrow prices.
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