Meat prices steady this summer despite 12 cent rise
Consumers maintain purchases as beef prices stay near $1.69 to $1.89 per pound for 80‑percent lean. Iowa experts cite demand, supply cycles and past losses in beef production as reasons prices plateau while expansion in the cow herd may lift supply in 2 to 3 years. Pork outlook: 1990 down about 3 percent from last year with profits yet cautious breeding stock purchases. Farm economists warn higher feed costs could cloud 1991 hog profits and imply price drops later seasonal production rises. Area managers anticipate fall price declines but variable in the meantime.
MENTIONED IN THIS ARTICLE
Mark Fischer
Iowa Beef Industry Council
Ames
USDA
Iowa
Rich Degner
Sun Mart
Albert Lea plant sale to former workers approved
A group of former employees of Farmstead Foods wins court approval to buy the bankrupt Albert Lea meat plant for 6.8 million dollars. The deal excludes Cedar Rapids Meats and could employ 700 to 800 workers within six to seven months after startup. The package includes 2.4 million from Albert Lea, 500 thousand from Minnesota, and 1 million from the federal government.
MENTIONED IN THIS ARTICLE
Minneapolis
Farmstead Foods
Albert Lea
U.S
Robert Kressel
Cedar Rapids Meats Inc
Iowa
Cedar Rapids
Farmstead
Chester Swenson
Albert Lea Meat Processing Inc
Swenson
Minnesota
Kressel
IBP posts doubled quarterly profit on beef and pork demand
IBP Inc the largest meatpacker posted a second quarter profit of 15.8 million 34 cents a share up from 57 million 18 cents a year earlier Sales rose to 2 6 billion from 2 3 billion Chairman Robert L Peterson cited strong consumer demand for beef and pork and lower live cattle prices as factors Livestock prices remain high especially pork for the period including six month results with profit near 20.2 million and sales at 4.97 billion
MENTIONED IN THIS ARTICLE
Dakota City
Neb
IBP Inc
IBP
Rob
Ert L. Peterson
United States
Souter Seen as Close to West Conservative Nominee
President Bush's pick for the Supreme Court, David Souter, is little known outside New Hampshire yet viewed as a close to the west conservative judge. Supporters cite his focus on constitutional intent over emotion, while critics warn his record narrows constitutional guarantees in criminal cases.
MENTIONED IN THIS ARTICLE
Souter
Washington
Bush
Supreme Court
New Hampshire
David Souter
Stanley Brown
Manchester
N.H
American Bar Association
Gordon Tiffany
People For the American Way
Souter Seen as Unknown on Key Issues for Court Nomination
The Senate confirmed David Souter to the U S Court of Appeals in a process described as smooth despite initial uncertainty about his views on abortion and civil rights He lives on a family farm near Weare New Hampshire and shares Republican and Episcopalian background with Bush The president expects a quick confirmation with a full court for the October term and notes a low likelihood of a contentious battle Leahy says questions on abortion could come up even as Bush defends a non political selection process
MENTIONED IN THIS ARTICLE
Souter
1St U.S. Circuit Court
Supreme Court
Seabrook
State
Consumer Advocate
anti-Seabrook
State Su
U.S. Circuit Court of Appeals
Senate
Weare
N.H
Boston
Melrose
Bush
Appalachian Mountain Club
Senate Judiciary Committee
1St Circuit Court of Appeals
Lection
Paul Rothstein
Georgetown University Law Center
James Duggan
Public Defender Program
Duggan
Nominee Souter faced abortion ruling in New Hampshire case
The 1986 NH Supreme Court ruling in a birth defects suit found doctors must test for defects and inform pregnant women of risks while upholding a parent right to sue. Souter agreed, noting the broader limits of abortion decisions and suggesting possible referrals for conscientious doctors.
MENTIONED IN THIS ARTICLE
Souter
Supreme Court of the
United States
Bush
William Brennan
Grassley surprised by pick and Harkin cautious on Souter
Senator Grassley of Iowa, a Judiciary Committee member, was surprised by President Bush's nomination of David Souter to the Supreme Court and noted he had not recalled Souter being recommended for Senate confirmation. Senator Harkin said he was not prepared to take a position and seeks a well balanced court. Grassley urged swift committee action and a September Senate vote before adjournment.
MENTIONED IN THIS ARTICLE
Aterao
Washington
David Souter
Supreme Court
Charles Grassley
Lowa
Senate Judiciary Committee
Grassley
Bush
New Hampshire
Souter
Senate
Judiciary Committee
Tom Harkin
Lown
Also Mentioned on This Page
Sar
Usda Economic Research Gazette
Chris Woll
Keith Barnes
Barnes
Tiffany
New Hampshire Supreme Court
Warren Rudman
John Sununu
Rudman
Sununu
State Supreme Court
White House
Anthony Kennedy
Preme Court
United States Senate
Patrick Leahy
D-Vt
Concord
U.S. Supreme Court
Iowa City
Oelwein
Marion
Pick
Harkin
Abor
Aya Ee
2Nd Ave
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