Food price plunge blamed on hoarding and lifted price controls
Midwest wholesale meat prices fell for a third straight day as shoppers stockpiled in freezers and demand weakened after Phase 3 controls ended for most foods. Grain markets also tumbled, with traders awaiting the weekly wheat export report while big firms flagged potential price hikes under Phase 4.
MENTIONED IN THIS ARTICLE
Unices Press International
Midwest
Livestock Market News
Des Moines
Chicago
Minneapolis
Kansas City
Cast of Living Council
John T. Dunlop
Dunlop
General Motors
Ford
Chrysler
American Motors
U.S. Steel
Consumers invited to 1000-pound beef auction at Cow Palace
UPI reports Fat City feedlot in Gonzales along with Steve Marks Cattle Co and other firms plan a weekend sale offering beef direct to consumers. Buyers can arrange slaughter, cutting and storing in one transaction with prices estimated from 2 dollars per pound, spanning eight to eleven hundred dollars for a year’s supply.
MENTIONED IN THIS ARTICLE
Ssan Francisco
UPI
Gonzales
Monterey County
Fat City
Steve Marks Catle Co
Armour Meat Packers
Dixon
Durham Meat Co
San Jose
California Livestock Marketing Association
Bankamericard
Longest go cart ride sets new record in CA
Nancy Hager, 26, unedited herself from a go cart in El Cajon California to claim the world record for the longest ride. She drove 74 hours and 25 minutes from Monday noon to Thursday afternoon during a benefit ride for a boys club. Officials noted previous records and a last year record set by Howard Jones at the same park.
MENTIONED IN THIS ARTICLE
EL Cajon
Calif
UPI
Nancy Hagerman
Howard Jones
Hagerman
Economy slows as costs rise amid revised GNP data
Washington reports the economy cooled sharply from April to June while prices climbed at the fastest pace in 22 years. The Commerce Department revised GNP growth to 2.6 percent for April June, following an earlier 2.6 percent figure with officials arguing higher underlying strength.
MENTIONED IN THIS ARTICLE
Washington
Light filters aim to restore sight for cataract patients without surgery
Boston researchers describe a two wrongs method using light filters to distort light before it enters a cloudy lens so it reaches the retina. Tested on surgically removed cataracts, the approach awaits clinical validation and faces technical hurdles before potential use.
MENTIONED IN THIS ARTICLE
Boston
Bayid Miller
Beit Israel Hospital
George Benedek
The
Mas
Sachusetts Institute of ‘Technology
Miller
Technical Operations, Inc
Burlington
Army
United States
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