Word: beef
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Dates: during 1950-1959
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...Seattle last week, 640 leading citizens sat down to feast on mandarin chicken, pineapple chicken, Cantonese beef, steamed rice in lotus leaf, jai choy and other triumphs of Chinese cuisine. Occasion for the feast: New Year's celebration of the Chinese year 4654-the Year of the Monkey. It was also the 40th anniversary of Seattle's China Club, a remarkable example of the American penchant for voluntarily organizing for a high purpose-in this case for Sino-American friendship...
...mountains of southern Colombia, foams furiously down their steep slopes, then runs placidly northward through a balmy (average temperature 78°), verdant valley. The Cauca Valley, twelve miles wide and 125 miles long, is the country's most bounteous food producer-bananas, sugar, potatoes, coffee, rice, beef, milk. Its center is the warmhearted city of Cali, whose 500.000 inhabitants manage to combine plenty of industrial zip (in tires, leather, drugs, textiles) with a pleasant, semitropical way of life that still reserves the time from noon to 2:30 for lunch and siesta. Yet the valley's people believe...
...paid for the increase? The evidence is that most of it was paid by ranchers and farmers-who paid by taking lower prices for meat animals." As evidence. Benson cited Agriculture Department figures showing that in the fourth quarter of last year the average farm price of choice beef was 19% below the last quarter of 1954, but the retail price was down only...
Benson believes that the widening spread between farm and retail prices is due not only to increased handling costs but to a bigger cut to the middlemen. From the first quarter of 1955 to the end of the year, the average price paid to farmers for choice beef cattle dropped $4.15 per 100 Ibs. But only $1.57 of this saving was passed on to consumers in the form of price cuts. The rest of the difference was soaked up by an increase in the shares of the middlemen; packers and wholesalers increased their take per pound by $1.08, while retailers...
...Collects? Are middlemen increasing their profits at the expense of the farmers? They deny it, argue that increased costs for wages (up 16% in the packing industry from 1954 to 1955), trucking, etc. helped keep the price of beef up. Furthermore, the great increase in processing, e.g., for frozen and readycut meats, builds in costs that make retail prices react slower to wholesale price drops...