31 May 2019

1) Cattle producers are now using DNA testing to develop higher prime herds that produce a higher quality of beef. DNA testing allows predicting which bulls and cows have the characteristics that will improve herds to produce higher quality meat products. Where once there was only the ‘practiced eye’ of the stockman to judge which cattle would produce the product with breeding, the DNA techniques has vastly accelerated the process, with the expectation that the vast majority of U.S. herds will become high quality beef in just a few years.

2) The nation wide bus coach service Greyhound is up for sale. The holding company FirstGroup is facing demands for strategic changes by investors for a return on their investment. Greyhound is the only remaining nation wide intercity bus carrier, which carries about seventeen million passengers a year.

3) An executive order being issued by President Trump will require greater price transparency in the health-care industry, is encountering stiff industry opposition. One point of contention is a provision to slow the consolidation of medical facilities thereby maintaining competition resulting in lower cost. Health insurers and hospitals don’t want to publicly share the rates they have agree to amongst themselves.

4) 30 MAY 19 Stock market closings:

Dow           25,169.88    up    43.47
Nasdaq        7,567.72    up    20.41
S&P 500       2,788.86    up      5.84

10 Year Yield:    down   at    2.23%

Oil:    down   at    $56.51