Yonder 40 August 24, 2007Meat producers led the Yonder 40 this week, as hog prices increased due to large export demand. (The Yonder wonders if the hog producers could use some of their profits to return flavor to store-bought pork.)

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Feeling Better: Yonder 40 Recovers

Yonder 40 August 24, 2007Meat producers led the Yonder 40 this week, as hog prices increased due to large export demand. (The Yonder wonders if the hog producers could use some of their profits to return flavor to store-bought pork.)

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A good week for stocks in general was a good week for the Yonder 40, DY’s index of publicly-traded companies that reflect the rural economy.

The Yonder 40 trailed the other major indexes, but the companies that do a large portion of their business in rural America had an up week overall. The Yonder 40 is still down almost three percent since beginning on July 1. The other indexes the DY is tracking are also down in that time, although the Dow Industrials are off by just a fraction.

The NASDAQ is off by a percentage point since July 1; the S&P 500 is down by 1.6 percent; and the S&P 500 that is equally weighted is off by 3.7 percent in the last seven weeks.

The Yonder 40 was led this week by its meat producers: Smithfield, Hormel and Tyson. Smithfield reported net income in its latest quarter up from $24.6 million a year ago to $54.5 million. The company is benefiting from large exports to China. Hog prices in Chicago were up 11 percent. Hormel reported lower earnings, but still the company benefited from the demand for meat.

(Editorial aside: Now that prices are up for hogs, the Yonder wonders if these mega-producers might consider returning taste to pork sold in most American groceries.)
Yonder 40

Sturm Ruger, the gunmaker, continued its upward climb from just over $14 a share a few weeks ago to $19.33 on closing Friday. The outdoor and hunting equipment purveyor Cabella’s is also recovering, up nearly nine percent this week.

Here are the results for the full Yonder 40.

 

 

YONDER 40, WEEK OF AUGUST 19-24, 2007

Companies

Ticker

Price August 24

Price Change for Week

Percent Change for Week

Alico Inc.

ALCO

50.8

-$0.23

-0.45%

Andersons Inc.

ANDE

46.47

$0.35

0.76%

Burlington Northern Santa Fe Corp.

BNI

80.55

$0.99

1.24%

Berkshire Hathaway

BRKB

3,995.00

$47.00

1.19%

Bassett Furniture

BSET

11.38

-$0.25

-2.15%

Peabody Energy Corp.

BTU

42.6

$1.12

2.70%

Cabela's Inc.

CAB

24.47

$1.96

8.71%

ConAgra Foods Inc.

CAG

25.6

$0.45

1.79%

Cato Corp. Cl A

CTR

21.32

-$0.07

-0.33%

Citizens Communications

CZN

14.41

$0.61

4.42%

Deere & Co.

DE

130.26

$5.65

4.53%

Dean Foods Co.

DF

27.71

$0.07

0.25%

DIRECTV Group

DTV

23.12

$0.55

2.44%

Family Dollar Stores Inc.

FDO

28.15

$1.15

4.26%

Fleetwood Enterprises Inc.

FLE

9.27

-$0.74

-7.39%

FairPoint Communications

FRP

16.73

$0.50

3.08%

Gaylord Entertainment Co.

GET

52.31

$1.00

1.95%

Hormel Foods

HRL

35.75

$1.86

5.49%

International Speedway Corp.

ISCA

47.86

-$0.44

-0.91%

Lee Enterprises

LEE

17.93

-$1.26

-6.57%

Mohawk Industries Inc.

MHK

87.64

$1.31

1.52%

Monsanto Co.

MON

67.99

$4.90

7.77%

Mine Safety Appliances Co.

MSA

50

-$0.14

-0.28%

Southwest Bancorp

OKSB

22.58

$0.96

4.44%

Plum Creek Timber REIT

PCL

41.88

$1.78

4.44%

Penn Virginia Corp.

PVA

40.17

$0.34

0.85%

Ralcorp Holdings

RAH

57.73

-$2.58

-4.28%

Regions Financial Corp.

RF

32.68

$0.62

1.93%

Sturm Ruger & Co.

RGR

19.33

$2.00

11.54%

Smithfield Foods

SFD

33.6

$4.84

16.83%

Skywest Inc.

SKYW

25.44

$0.57

2.29%

Southern Co.

SO

36.12

$0.12

0.33%

Stage Stores Inc.

SSI

17.13

-$0.79

-4.41%

Tractor Supply Co.

TSCO

48.13

$2.31

5.04%

Tyson Foods

TSN

21.86

$1.85

9.25%

UST Inc.

UST

49.68

-$1.72

-3.35%

Waddell & Reed Financial Inc.

WDR

24.74

-$0.39

-1.55%

Walter Industries

WLT

24.74

$0.78

3.26%

Wal-Mart Stores

WMT

43.74

$0.25

0.57%

Cimarex Energy

XEC

35.15

-$0.46

-1.29%

 

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