Market rally fades but stocks rise for the week
Wall Street unfinished rally trims gains as profit taking leaves stocks narrowly higher for the week. The Dow Jones average dips 5.85 to 10212.97 and the Nasdaq falls 7.15 to 1960.02, yet the week shows modest advances of 0.3 percent and 1.0 percent respectively.
MENTIONED IN THIS ARTICLE
Wall Street
Brian Belski
Piper Jaffray
Hog numbers grow nationwide and Iowa up in 2004
The USDA reports a 2 percent rise in the U.S. hog inventory to 53.4 million head, with Iowa up 4 percent to 14.46 million. First-quarter slaughter rose about 4 percent as demand, possibly linked to low carb diets, supports higher prices. Prices are projected higher in spring. feed costs remain a profitability challenge.
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the Gazette
U.S
USDA
Iowa
National Park
Glen Grimes
Extension Ag
University of Missouri Extension Service
Grimes
Canada
Victor Aidegan
Farms.com
Hedge Services Inc
North Carolina
U S presses trade partners to lift mad cow ban on beef
The United States formally informs trading partners that U S beef is safe to eat as negotiations to lift bans begin. Ron DeHaven sends letters with safety summaries and cases searched amid about 50 nations having restricted beef since the BSE case in Washington state.
MENTIONED IN THIS ARTICLE
U.S
United States
Agriculture Department
Ron DeHaven
Washington State
Czech Feather and Down Finds New Customers Online
Vanous at Czech Feather and Down Co. in Cedar Rapids leverages her Web site to attract customers from Europe and beyond for oversized handcrafted pillows comforters and feather beds. She highlights custom pillows lasting value and the option to refurbish aging pieces.
MENTIONED IN THIS ARTICLE
Duane Crock
the Gazette
Cookie Vanous
Springville
Czech Feather and Down Co
Cedar Rapids
Vanous
Germany
Ne Gazette
16Th Ave
Czech Village
Europe
MCI to lay off 4000 amid Do Not Call impact
MCI announced 4000 jobs cuts, more than 7 percent of staff, and closures of call centers in Denver Phoenix and Niles Ohio due to cost pressures and Do Not Call laws. Remaining centers include Cedar Rapids Iowa City and Sergeant Bluff while other sites in Alpharetta Colorado Springs and Springfield face reductions. Cuts take effect in May and June as MCI seeks cost restructuring during bankruptcy exit efforts.
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Mclean, Va
MCI
Alpharetta
Colorado Springs
Colo
Springfield
Iowa
Carolyn Tyler
Cedar Rapids
Iowa City
Sergeant Bluff
WorldCom
Phoenix
Denver
Niles
Farmland values rise driven by investors and demand
Survey data show Iowa farmland values climbing in late 2003 with 4 percent gains for good land in Q4 and overall price increases of about 10 percent. Bankers expect further rises as hobby farms and non farm investors buy land, echoing another Realtor Land Institute reading and an ISU year end survey.
MENTIONED IN THIS ARTICLE
Gazette
Federal Reserve District
Federal Reserve Bank of Chicago
Iowa
Iowa Farm & Land Chapter No
Realtors. Land Institute
Iowa State University
Farmland Seen As New Investment Draw For Iowa City Investors
A Iowa farm land survey notes investors shifting from stock markets to farmland amid improving credit, rising corn and soybean prices, and low interest rates. Appraiser Robert Crane cites cases where large stock withdrawals redirected to land purchases, including a $20 million move in central Illinois. Family farmers remain financially resilient with manageable debt.
MENTIONED IN THIS ARTICLE
Robert Crane
Crane & Associates
Iowa City
Illinois
Farce County
Crane
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