Milk price hike to lift dairy costs across nation
Washington AP reports the Agriculture Department raises the minimum farm price to 1.69 per gallon, a 50 cent jump, effective May 1, potentially pushing retail milk toward 3.40 per gallon. Dairy economists warn of immediate consumer impact and regional price variation.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Larry Salathe
Department
Ed Jesse
University of Wisconsin- Madison
Jesse
Pennsylvania Milk Marketing Board
USDA
Mechanicsburg
Debby Murphy
Federal Bureau of Labor Statistics
Grain futures mixed as soybeans rise on drought and pests
Grain futures in Chicago mostly eased while soybeans climbed. Soybeans gained on poor rainfall and an insect infestation, sending prices to the highest inventory level in over 30 years. wheat fell to 3.73 dollars, corn eased, oats rose, and soybeans reached 9.67 dollars a bushel for May.
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Chicago
Chicago Board of Trade
Eastern Cornbelt hog prices ease across carcass grades
Eastern Cornbelt carcass prices fall with 0.5 to 0.9 inch bf ranges from 57.00 to 74.40. Today's Illinois direct hog purchases total 12,007 with steady trends and moderate demand. Breakouts show 1 300-400 lb at 35.00-39.00, 400-500 lb at 37.00-40.00, 500-600 lb at 39.00-42.00, and >600 lb at 40.00-43.00. Boars under 300 lb 28.00-33.00, over 300 lb 9.00-10.00.
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Durable goods orders rise 3.4 percent in March
U.S. durable goods orders jumped 3.4 percent in March, led by cars and machinery, signaling stronger economic momentum. February had a 3.8 percent gain, and economists had forecast only 0.7 percent. Greenspan warned rates may rise later to guard against inflation, with the Fed seen holding near 1 percent through year end.
MENTIONED IN THIS ARTICLE
Federal Reserve
Alan Greéfispan
Capitol Hill
Greenspan
Fed
Oil futures retreat as Bush eases Libya sanctions
Crude prices on the New York MEX settled lower amid profit taking after gasoline futures pulled back from a record. Bush cleared the way for U S companies to trade with Libya ending 18 years of sanctions, allowing Libyan oil to flow directly to the United States.
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New York
Dow Jones/ AP
New York Mercantile Exchange
Bush
U.S
Libya
Ed Lilliere
Energy Merchant Corp
United States
Europe
Stocks edge higher on earnings and rate fears
Wall Street ended mixed as a strong Microsoft earnings report boosted tech shares but failed to ignite broad buying. Durable goods orders rose 3.4 percent in March, renewing rate hike worries. Nasdaq led weekly gains while Dow and S&P posted small increases.
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New York
Wall Street
Microsoft Corp
New York Stock Exchange
Microsoft
Corning Inc
International Paper Co
Weyerhaeuser Co
Dow
Federal Reserve
Commerce Department
Market Watch April 23 2004 NYSE and Nasdaq diaries
Market watch notes on April 23 2004 show 1 133 new highs 2 152 declines and 150 unchanged on the NYSE with volume at 1 763 416 780. Nasdaq diary mentions a 0.7 percent rise expected by economists as investors remain wary of higher rates after Greenspan testimony in Congress.
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Federal Reserve
Alan Greenspan
Congress
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