Word: beefing
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Dates: during 1940-1949
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...prices of corn and range cattle are high, fattened cattle are too expensive. Midwest feed-lot operators charged that this resulted in a senseless waste of meat. Cattle moving from the ranges to the feedlots for finishing on corn would gain 300 to 500 Ibs. of rich, marble-grained beef...
Venezuela led the way. Midway in a stampede of American republics came the U.S. resumption of "normal diplomatic relations" with the military regime which it had so long and so loudly denounced as fascist. Britain, relieved and not unmindful of beef, added her spoonful of honey...
...result, he said, packers are now squeezed so tightly between high ceilings for meat on the hoof and comparatively low ceilings for meat on the butcher's block that they are losing money on every pound of pork and beef. Thus, with the greatest cattle herds roaming the ranges in U.S. history, there is no incentive for packers to slaughter them. Sadly, Thomas E. Wilson, board chairman of Wilson & Co., one of the Big Four in meatpacking, agreed. Unless something is done at once, he predicted, the Federal Government will have to take over the packing industry...
Victory for Both. The Emergency Court of Appeals, set up to rule only on OPA regulations, decided that both OPA and the packers were partly right. Acting on protests from packers, the court held that packers who handle only fresh beef (about 15% of the industry) are losing money in the price squeeze, losses which are not made up by the Government's subsidy. Something should be done for them.* But the others, notably the Big Four (Swift, Armour, Wilson and Cudahy) are making up losses on meat through the sale of byproducts, tallow, glue...
...mass of conflicting evidence no one could decide whether ceilings should be raised, subsidies increased or what. As a way out, OPA agreed to sit down with the packers and see if a plan could be worked out to get more beef. But as long as the demands of civilians and the armed forces remain what they are, no one expected that much could be done to boost the available meat supply...