Fed Begins Two Day Meeting As Markets Read Signs
The Federal Reserve opened a two day FOMC session amid concerns over a weakening dollar and slower growth ahead. Analysts largely expect no rate change while stock markets show only modest gains as Treasuries rise and buyers await policy signals. The report notes stock and bond movements and highlights a small Dow rise of 5.83 points to 3652.48 with mixed regional share activity. Also cited are rising three and six month T bill yields and safe meat handling labeling becoming common on packages today.
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All-Iowa Fair livestock shows grow with Youth Horse and Pony shift
Livestock events at the All-Iowa Fair expand as the Youth Horse and Pony Show moves to Sunday Family Day. Darlene Langhoff notes big entries in Junior Beef and a growing program, with Open Breeding Sheep and Draft Horse shows planned for Thursday and Open Swine and Youth Horse and Pony to close Sunday. Admission is $5 for adults with free entry for under 12, armband rides at $10, and Gate Sneak-a-Peek at 5 p.m.
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Langhoff
Hawkeye Downs
Nordstrom Oil to Build Two New HandiMarts in Cedar Rapids
Nordstrom Oil Co confirms plans to construct two HandiMart convenience stores in Cedar Rapids this year. Construction is underway on a 2500 square foot Edgewood Road SW location expected to open mid August with about eight workers. The Kenwood store will be replaced by a new building and car wash after demolition planned for November 1.
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Nordstrom Oil Co
Cedar Rapids
Edgewood Rd
David Nordstrom
Nordstrom Oil
Nordstrom
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First Ave
Iowa Crops Benefit From Sunshine and Rain
Government weekly crop report says Iowa corn and soybean crops enjoyed excellent growing conditions last week with corn heights averaging 53 inches and some plants 68 inches tall. Prices for corn and soybeans fell since mid June, while crop ratings show 47 percent excellent and 48 percent good for corn and 30 percent excellent, 61 percent good for soybeans.
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Iowa
Harold Stephenson
Iowa Agricultural Statistics Office
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Chicago Board of Trade
Massena
Farm listings dwindle amid rising values and demand
Dean Glock of Farmers National Co. says good quality farms are fewer on the market as owners enjoy recent value increases and seek better returns. He notes strong current prices, with 50 50 cropshare leases yielding about 4 to 5 percent after taxes, presenting a selling opportunity.
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Dean Glock
Farmers National Co
Glock
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