The Yonder 40 stock index fell last week, but not as much as the Dow Industrials or the larger Standard and Poor 500 index. And the grouping of 40 stocks picked to reflect the rural economy is still outpacing the big national stock indexes for the last several years.
The DY 40 dropped less than a point last week, as the markets dipped with the crisis in Japan and conflict in the Middle East. The Dow Industrials and the S&P 500, however, fell by about a point and a half.
The Yonder 40 has risen by seven percentage points this year. The Dow and the S&P 500 are about even for the year.
The DY 40 was led this week by Peabody Energy, which rose by more than $7 a share. With the nuclear industry in disarray, coal stocks benefited. Peabody in particular is seen as a possible supplier to Japan.
Deere & Co. rose by $2.31 a share, as the price of corn jumped at the end of the week. (See below.)
•The best Yonder win in the NCAAs so far was Morehead State’s first round win over the University of Louisville.
Both are Kentucky schools, but Louisville is Louisville, the largest city in the state that has always acted that way. Morehead State is in Morehead, an Eastern Kentucky town that is not much larger than the school. Morehead hadn’t beaten Louisville since some time in the 1950s, until Thursday. When Coach Donnie Tyndall came to Morehead five years ago, the program owned four basketballs.
It’s a great story. “This is the most excitement we’ve ever had in a short period,” said Morehead State Assistant Vice President Bill Redwine, who is also vice chairman of the Rowan County school board.
Unfortunately, Morehead lost Saturday to Richmond, 65 to 48.
Vermont farmers are raising Yak because, apparently, people there will eat anything . Yaks, according to this story, don’t behave, but their meat is lean and filled with protein.
• Corn prices made “stunning gains” at the end of the week, according to the Des Moines Register’s Dan Piller. The price of corn rose to $6.84 a bushel Friday.
The price was driven up by reports that corn plantings this year fell below the levels needed to make up for short supplies — and a belief that Japan would still be a large buyer of U.S. corn.
• Instead of fire the messenger, this story is fire the veterinarian.
Dr. Stacey Huntington, a vet based in Springfield, Missouri, had examined 700 horses kept by the Thoroughbred Retirement Foundation on farms in Oklahoma, Kentucky, South Carolina and Virginia. Dr. Huntington found that many of them needed urgent care. They were malnourished and neglected, some fatally.
So, the Foundation fired Dr. Huntington.
The stories here are heartbreaking.