Word: beefing
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Dates: during 1970-1979
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...until then. During the past five years, attracted by the vision of profits on the hoof, investors from Wall Street and other homes off the range stampeded into the feed-lot business, starting many new lots in the Texas Panhandle. Many were thinly financed because their owners thought that beef prices would always go up, ensuring that additional capital would be easy to raise. Now they are having trouble raising new money, and the betting in the trade is that a number will have to liquidate...
...Among other feed-lot operators, Ohio Feed Lot Inc. of South Charleston, Ohio, has been selling 50-lb. sacks of fertilizer made from "purified animal byproduct"-a euphemism for manure. At about $2 per sack, says O.F.L. President John Sawyer, selling the manure is "sometimes more profitable than selling beef...
Greeley, Colo., has a population of 43,000 human beings and several hundred thousand head of beef cattle. The cattle can be found in hundreds of feeder pens within miles of the city's center, drinking, snoozing and, most important, eating. In the most modern of these operations, the food is blended by highly sophisticated, computerized feed mills. Last week TIME Los Angeles Bureau Chief Richard L. Duncan visited Greeley and sent this report on the sights, sounds and smells of a thoroughly streamlined feed-lot operation...
...inch or so of variation in the height of their identical-looking rumps. Uniformity is only partly the result of breeding. More important than genetics are the skillful methods used to turn every calf into a 1,100-lb., slightly blocky steer that will yield USDA Choice Grade Beef. The object is to remove as many variables from the beef-raising process as possible and replace them with more stable techniques copied from the assembly line. "If we do things a little bit better than the others," says Farr, "when we lose money, we'll lose less. And when...
...hundred pounds of beef, 400 lbs. of fish, some 100,000 lbs. of real-life Newport socialites hung with $1 million worth of Cartier carats, and a mound of butter carved into the shape of a lamb by an 80-year-old nun? A Scarlett O'Hara-style search for a movie heroine and screen tests for 75 antique automobiles? Five 40-ft. glass and steel panels removed from a New York showroom in order to put a $100,000 Rolls-Royce on display? Great Scott...