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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 10, 1983
Page
26
Grain futures markets opened steady Friday in Cedar Rapids amid light volume and expectations of mixed soybean or corn results for the next session. Traders watched price movements and regional demand signals.
Local meat buyers Wilson Cedar Rapids and Roy Fomosin Waterloo quote lamb prices on condition and quality. Wilson Food Lamb Processing lists 120 choice prime spring lamb at 46 dollars per hundredweight and 45 1/2 to 46 at Waterloo per market chatter.
The report notes a steady to firm tone with limited trading and mostly inactive movement for late September hog and meat prices. Open prices show moderate bookings, with demand and live supplies short and stable into the period.
Chaotic OCR fragment references livestock futures trading on the Chicago Mercantile Exchange. The text shows terms such as Open High and AP wire service markers but lacks coherent details, dates, or names to identify a clear event or outcome.
The readable text shows scattered numbers and phrases about a market and bets with references to a Brey, Omaha, and months or dates. No clear event, person, or organization is identifiable to confirm a coherent news fact.
Beijing announced it would restart purchases of American grain and other farm products after lifting a ban on cotton and soybeans. Yet it may fail to meet the 6 million ton grain pledge for the year, risking tensions in Sino American trade as it has shipped only 2.6 million tons so far.
National Farmers Union President George W. Stone urged all Democratic presidential hopefuls to debate farm issues before the February Iowa primary. Speaking at the 1983 Iowa Farmers Union convention, Stone criticized past debates and urged a discussion of programs to manage supplies and protect prices for farmers nationwide.
An eight member Morton Buildings crew rapid builds a 54 by 108 foot machine shed and a 54 by 56 foot insulated shop on show grounds near Marion during the Labor Day holiday. Supervisor Bud Zimmerman says the team will finish in six days to allow finishing touches and stage setup to attract visitors for sales. The article notes prior Farm Progress Show experience and future sales efforts aided by on site stage acts and multiple sales staff.
Project tests 57 herds since July finds five infected, fewer than expected. Vaccination guides individual cleanup plans as US and Illinois efforts reveal varying infection rates. Tests cannot distinguish vaccinated from infected swine, complicating surveillance.
Futures on the Chicago Board of Trade jump as analyst Conrad Leslie predicts smaller corn and soybean crops. Soybeans settle near 9.40 per bushel, with other grains and livestock futures also higher across the board.
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