FTC probes shared monopoly in cereals group
The FTC framed a cereal industry monopoly, led by Kellogg General Mills General Foods and Quaker Oats controlling about 82 percent of sales. Quaker rose to 9 percent, joining the group. Proposals would split Kellogg’s brands and spin off units, with Quaker barred from acquisitions. Similar scrutiny could hit autos with GM Ford and Chrysler over 90 percent.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
FTC
Quaker
Kellogg
General Mills
General Foods
Ralston-Purina
Nabisco
Kellogg’s
Wheaties
Quaker Oats
General Motors
Ford
Chrysler
U.S
Wheaties Corporation
Buick Corporation
Los Angeles Times Syndicate
Wisconsin cheddar cheese market holds steady amid abundant supplies
In Madison Wisconsin on Thursday the cheddar market was steady with plentiful supplies and steady demand. Prices ranged for barrel cheese about 81 to 82.50, 40 pound blocks near 92 to 95, single daisies around 98 to 100, longhorns 98 to 101, and midgets 99 to 101. Butter prices in Chicago were unsettled with wholesale quotes unchanged at 92.50 to 92.75 for 93 score AA and 90.50 to 90.75 for 92 A, with 90 B unquoted.
MENTIONED IN THIS ARTICLE
Madison
Wis
Wisconsin
Chicago
USDA
Milwaukee and Chicago Livestock and Egg Price Roundup
Milwaukee cattle and calf markets closed varied with prices for steers up to 37.00 and heifers to 35.00, Holstein steers 31.00-33.00, dairy replacements 27.00-29.00, cows 26.00-27.00, calves 48.00-54.00, hogs steady with lightweight butchers 32.00-33.50, heavy 30.00-32.00, sows 25.00-27.00, lambs not established. Friday receipts projected. Chicago wholesale egg prices eased to mixed levels with Class 1 large at 62, Class 2 large 60, mediums 56, smalls 47. Wisconsin eggs firm with large 70-74 and mediums 64-67.
MENTIONED IN THIS ARTICLE
Milwaukee
Chicago
South ST. Paul, Minn
USDA
U.S
Ibs
Pork Bellies
Chicago (Ap
Chicago Board
Futures Trading and Farm Markets Report
Chicago futures fell sharply with soybeans leading losses, down 14 to 20 cents a bushel as profit taking followed strong crop report gains. Wheat corn and oats also declined while cattle hog and potato market summaries wrap the day’s trading at Midwest exchanges. The Economic Education Center at UW La Crosse won a $1000 grant from the Wisconsin State Council on Economic Education to fund operations next year.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Agriculture Department
University of Wisconsin-La Crosse
Dick Snyder
Wisconsin State Council On Economic Education
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