The Yonder 40, 40 publicly traded stocks that represent the rural economy, continued to outpace other major stock indexes last week. The Yonder 40 rose nearly two percent last week. The Dow Industrials dropped slightly while the other major indexes were largely unchanged. The 40 continues to outpace the other indexes over the last year.
The 40 was led this week by Andersons, Inc., which had good profits in its fertilizer division. Andersons was up 13 percent last week. Walter Industries, a coal producer, announced earnings that were nearly triple those of last year. Walter said it expected this year to be “the most profitable” in the company’s history.
Meanwhile, Cabela’s, the retail outdoors outfitter, reported slight increase in total revenue but declining same store sales. Its stock dropped nearly 11 percent. Tyson Foods dropped over 8 percent as meat producers continued to struggle with higher feed costs.