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Contact Local News Editor Amber Paluch at (920) 431-8361 or apaluch@greenbaypressgazette.com ■ Green Bay Press-Gazette ■

BRIEFCASE

GREEN VALLEY

Brunch on the Farm on Sunday Green Valley Dairy, N5365 Hintz Road, has scheduled Brunch on the Farm for 9 a.m. to 1 p.m. Sunday. The event will include guided wagon tours of the dairy and methane digesters. Old-time and modern farm equipment will be on display. There will be activities and animals for children. Also, industry specialists and information on farming practices will be available. Green Valley Dairy is 3.3 miles northwest of Krakow.

Friday, June 25, 2010 ★

Regulators examining dairy industry

Dean Foods has 40 percent market share nationwide

their concerns to federal regulators in “America’s Dairyland.” U.S. Agriculture Secretary Tom Vilsack and Assistant Attorney GenerBY SCOTT BAUER al Christine Varney, the The Associated Press department’s chief antitrust investigator, are MADISON — Dairy scheduled to host the farmers frustrated with roundtable discussion in ever-eroding profit mar- Madison. Dairy is a gins and possible an- $26 billion a year industitrust violations in the try in Wisconsin. industry will get a Regulators in the chance today to voice Obama administration

have promised to be more aggressive in enforcing antitrust laws at a time when large agricultural companies have purchased smaller competitors and consolidated market share. Dairy farmers complain that while customers pay more than ever for milk and cheese in the store, the money producers receive is flat. “The pricing system and the marketing sys-

tem are simply not getting that money back to the farmer, where it is direly needed,” said dairy analyst Pete Hardin, who publishes industry newsletter The Milkweed. “The consumer is paying very liberally at the store for dairy products. At the farm, the farmer is getting milk prices that were akin to what he was getting 30 years ago.”

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— Richard Ryman/Press-Gazette

Economic indicators for Northeastern Wisconsin compiled by the Press-Gazette:

STATE

EMPLOYMENT PICTURE

Lab to help test seafood for oil The state Department of Agriculture, Trade and Consumer Protection’s food safety laboratory will help test Gulf of Mexico seafood for oil contamination. The lab will test primarily shrimp and oysters for petroleum and petroleum byproducts. Testing is expected to begin by the end of July. State labs in Arizona, California and Florida as well as four federal laboratories also will test gulf seafood for safety. Anywhere from 67 million to 127 million gallons have spilled since the April 20 explosion on the Deepwater Horizon rig that killed 11 workers and blew out the well 5,000 feet underwater. — The Associated Press

STATE

Court reverses megafarm ruling

A state appeals court says a municipality overstepped when it imposed water quality conditions on a giant Rock County farm’s permit. According to the ruling, Larson Acres Inc., asked the town of Magnolia to expand operations to 1,500 animal units. A thousand animal units is equivalent to about 700 cows. The town granted a permit but included conditions that required the farm to minimize nutrient run-off and allow well water tests. A state review board invalidated the conditions, but Rock County Circuit Judge James Welker upheld them. The 4th District Court of Appeals reversed him Thursday, agreeing with the board that the town acted outside the process set out in state siting standards when it applied the conditions. Town attorney Glenn Reynolds didn’t immediately return a message. Peter McKeever, an attorney for neighbors who sued in support of the town, says the decision leaves residents at the mercy of industrialized farms.

HOTEL RATES

For May, Green Bay Metropolitan Statistical Area — Brown, Oconto and Kewaunee counties Not Seasonally Adjusted Total Civilian Labor Force Employment Unemployment Unemployment Rate Total Nonfarm Wage and Salary Employment Total Private Goods Producing Construction, Mining and Natural Resources Manufacturing Service Providing Trade, Transportation and Utilities Wholesale Trade Retail Trade Transportation, Warehousing and Utilities Information Financial Activities Professional and Business Services Education and Health Services Leisure and Hospitality Other Services, exc Public Total Government Federal Government State Government Local Government

May 2010 169,874 157,578 12,296 7.2%

Apr May 2010 2009 169,148 171,451 156,114 157,243 13,034 14,208 7.7% 8.3%

Change month 726 1,464 -738 -0.5

Change year -1,577 335 -1,912 -1.1

163,300 140,400 34,100

160,500 164,300 138,300 142,000 33,300 34,400

2,800 2,100 800

-1,000 -1,600 -300

7,000 27,100 129,200

6,400 7,000 26,900 27,400 127,200 129,900

600 200 2,000

0 -300 -700

32,900 6,600 15,200

32,400 6,600 15,000

33,900 6,700 16,100

500 0 200

-1,000 -100 -900

11,100 2,100 12,500

10,800 2,100 12,400

11,100 2,100 12,600

300 0 100

0 0 -100

14,800 21,300 15,500 7,200 22,900 1,700 2,400 18,800

14,700 21,300 14,900 7,200 22,200 1,500 2,300 18,400

14,800 21,100 15,800 7,300 22,300 1,300 2,700 18,300

100 0 600 0 700 200 100 400

0 200 -300 -100 600 400 -300 500

50% 45 40 35 30 25 20 15 10 5 0

April April April year to date

April year to date 2010

2009

AVERAGE ROOM RATE $80 70 60 50 40 30 20 10 0

$73.65

$74.75

April 2009

April 2010

Source: The Star Report, Smith Travel Research and the Greater Green Bay Convention and Visitors Bureau

GAS USAGE 300,000,000 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000

Gallons sold in May

0

STOCKS OF LOCAL INTEREST Closings June 1 June 24 Associated Bank (ASBC) 13.04 12.67 Procter & Gamble (PG) 61.16 60.87 Humana (HUM) 45.52 47.92 Manitowoc Co. (MTW) 11.27 9.89 Kimberly-Clark (KMB) 61.12 61.89 UnitedHealthcare (UNH) 28.98 29.76 Integrys Energy (TEG) 44.18 44.53

FLIGHTS May departures Year to date May arrivals Year to date

2009 27,899 138,749 29,203 138,560

Source: Austin Straubel International Airport

2010 29,729 139,349 31,450 139,094

Change 6.6% 0.4% 7.7% 0.4%

SALES TAX DISTRIBUTION

May county sales tax distribution to the four of 60 Wisconsin counties in the Press-Gazette coverage area that have enacted the 0.5 percent sales and use tax.

Door Marinette Oconto Shawano

2009 195,263.51 218,567.70 118,910.44 182,337.29

Source: Department of Revenue

2010 215,689.75 219,164.02 129,188.96 191,744.52

BUILDING PERMITS Municipality Ashwaubenon Allouez Bellevue De Pere Green Bay Ledgeview

Number of Value of permits ’10 permits ’10 94 $966,598 69 $259,179 26 $139,060 100 $760,601.00 221 $5,748,460 18 $2,166,297

DATAMINE

Local Economic Snapshots will be archived monthly on the Green Bay Press-Gazette’s DataMine at www.greenbaypressgazette .com/datamine

— The Associated Press

Number of permits ’09 78 60 42 115 310 17

Value of permits ’09 $2,705,710 $2,083,285 $275,046 $2,014,491 $6,704,993 $1,809,205

PORT OF GREEN BAY Tonnage 2009 2010 May 166,076 248,392 Year to date 223,911 379,308 No. of ships May Year to date

2009 14 19

Source: Brown County Port and Solid Waste Department

Local gas prices

2010 17 30

2009 2010 *Gasoline and clean diesel fuel Source: State Department of Revenue

STADIUM TAX $1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0

Tax collected in June 2009 2010

FOOD BASKET $10 9 8 7 6 5 4 3 2 1 0

$9.04

$9.91

May

June

2009

2010

NEW VEHICLE REGISTRATIONS

Includes motorcycles, trailers, automobiles, buses, motor homes and trucks

County

May May 2009 2010 Brown 601 910 Door 73 111 Kewaunee 44 67 Manitowoc229 236 Marinette 70 116 Oconto 95 113 Shawano 62 99 State 13,36918,660

Source: Dept. of Transportation

The price for a gallon of unleaded, regular gasoline as of 7 a.m. Thursday at selected stations:

Green Bay area

Grand Central Station

2145 University Ave., Green Bay

...........................$2.75

The all-time high for a gallon of regular unleaded gas was $4.06 per gallon on July 17, 2008.

Fox Cities

Richmond Street Citgo

1601 N. Richmond St., Appleton

...............................$2.73

State avg. ................$2.76 National avg. .........$2.75 Check www.greenbaypressgazette.com for daily gas prices. Sources: Press-Gazette research and AAA’s daily report, www.fuelgaugereport.com

Press-Gazette

Illustration by Joe Heller/Press-Gazette Have a comment on the Local Economic Snapshots page? Do you have a suggestion for other information you’d like to see? Write or call Amber Christopher, local news editor, at achristo@greenbaypressgazette.com or (920) 431-8361.

Milk prices have fluctuated wildly. A chart that Hardin intends to present based on USDA data shows prices farmers are getting for milk are roughly the same that they got in 1979. “They want to know who’s making all the money,” said U.S. Sen. Russ Feingold, D-Middleton, who plans to attend the hearing.

ã See Dairy, A-8

Retailers send stocks sliding Nike, Bed Bath & Beyond have negative forecasts BY STEPHEN BERNARD AND TIM PARADIS

The Associated Press

NEW YORK — Disappointing forecasts from retailers and concern about the government’s financial overhaul package pounded stocks Thursday. The Dow Jones Industrial Average lost 146 points after edging higher Wednesday. Broader indexes dropped for a fourth straight day. Downbeat forecasts from retailers raised concerns that high unemployment and weak consumer spending would stall an economic rebound. Nike Inc. dropped 4 percent after saying increased costs could hurt earnings. Bed Bath & Beyond fell 5.6 percent after the home goods retailer’s second-quarter earnings forecast missed expectations. Dell Inc. lost 6.4 percent after the computer maker’s fiscal year forecast failed to top expectations, as some analysts had hoped. Meanwhile, financial stocks fell after Congress continued working on a bill to overhaul regulation of the industry. Democratic leaders hoped to reconcile the House and Senate bills so President Barack Obama can have a deal in place by the time he meets with the leaders of the Group of 20 nations this weekend in Toronto. Traders were concerned that some provisions of the bill would cut into bank profits. Large banks were lobbying to strike a proposal that would make the industry cover costs to dismantle the mortgage giants Fannie Mae and Freddie Mac. Bank of America Corp. dropped 2.7 percent and JPMorgan Chase & Co. lost 2.2 percent. Economic news didn’t help. The government said initial claims for unemployment benefits fell last week but remained above the level that would signal employers are ramping up hiring. A second report indicated that orders for durable goods fell last month for the first time in six months. Orders for bigticket goods fell 1.1 percent in May. Analysts predicted a 1.3 percent drop. The Dow fell 145.64, or 1.4 percent, to 10,152.80. The Standard & Poor’s 500 index fell 18.35, or 1.7 percent, to 1,073.69. It was the first four-day drop for the S&P 500 index since early May. The Nasdaq composite index fell 36.81, 1.6 percent, to 2,217.42. Interest rates were mixed in the Treasury market. The yield on the benchmark 10-year Treasury note rose to 3.14 percent from 3.12 percent late Wednesday. The yield had fallen to a 13-month low of 3.07 percent.


Economic indicators for May