Word: beef
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Dates: during 1960-1969
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...Regarding the proposed investigation of beef prices [April 10], I say on behalf of the women of America: it's about time...
...each middleman sent the price a bit higher. Today, 110 supermarket chains sell almost 50% of all the meat eaten in the U.S. Some operate their own feed lots and slaughterhouses; the rest buy in bulk at favorable prices. By all the laws of economics and common sense, beef prices should be falling...
Market Barons. While the cattlemen's share of the average price per pound of beef has dipped to a six-year low of 45.30, the retailers' share has steadily increased to a record high of 24.90. Cattlemen blame this disparity on what they angrily call "supermarket barons." In fact, supermarkets buy in such large volume that they are practically able to name their own price for beef on the hoof. Says John Fryer, research director of the 75,000-member meat packers' union: "If the A. & P. comes to Swift and says, 'We want a million...
...chains, on the other hand, maintain that they enjoy no substantial savings. For one thing, their share of the retail price of beef must pay for rising labor costs ($3.57 an hour for male cutters, $2.91 for women wrappers) and for the increased cost of handling, cutting and wrapping, which amounts to 90 a Ib. Moreover, many housewives no longer will buy cheap cuts of meat, preferring to buy steaks that they can throw on the broiler rather than a 590-per-lb. portion of stew meat that needs to be cooked most of the day. Since there are fewer...
Traditional Step. The Johnson Administration can do little to lower retail prices, but it will try to close part of the gap between them and livestock prices, as a starter has ordered more beef served in school lunch programs and more distributed to needy families. Cattlemen meanwhile are taking a traditional step toward the same end: an estimated 2,000,000 head are being held back from market. But a paradox lies here too. Bad weather or economic pinches could force cattlemen to dump the held-back cattle, thus tumbling prices even lower than they...