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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 18, 1982
Page
30
A 21 21 tie on the farm crisis bill defeated the plan with sugar price support cutbacks. Sugar Democrats Huckaby Bowen Coelho opposed the measure amid fears it would trigger floor debate on sugar quotas and corn sweeteners.
Iowa hogs mainly weaker with prices in the 56.50 to 57.50 range for No 1-2 240-260 lb pigs, and 260-300 lb tiers at 54.00 to 56.50. Wilson and Rath Packing quote mixed bids while dairy and grain quotes show corn at 2.38-2.52 and soybeans 5.77-6.13 in regional markets.
USDA bulk selling prices for Thursday show some steady or higher prices for delivery while delivery prices hold. Grain bids to arrive via truck and rail to Chicago list Wheat No 2 hard and soft, Corn No 2 yellow, Soybeans No 1 yellow, and Oats No 2 heavy with varying discounts and premiums. Hogs are slow with declines 1.00 to 2.00 or more, cattle and calves show mixed loading prices and steady cows, while sheep are not reported.
Traders say hog futures drop for two days on the NAS report urging limits on cured meats while cattle shift mixed to higher as USDA data and broader economy influence sentiment. Analysts expect hog prices to rebound with the upcoming USDA Hog and Pig Report, while others caution long term effects depend on medical guidance and consumer behavior.
A roundup of local activities includes a pet program at the Main Library 428 Third Ave SE Saturday 10 30 to 11 30 a m. A Christian Science lecture at First Church on Cedar Rapids Second Ave SE June 22 at 8 p m. Strawberries pick your own at Hagen Berry Farms with two weeks left and 1000 daily needed. Various dinners and sales at local venues plus tours, reunions and service club meetings fill the weekend.
The listing highlights a 1:30 p.m. Air Quality Advisory Committee session at City Hall plus a carnival, street dance, and Midway Championship Rodeo at Midway Arena. Also shows nature talks at Pinicon Ridge Park, theatre at Brenton Stage, and local club and floral events with admission details and contact numbers.
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