Word: cattlemen
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...prices by issuing harvest forecasts that were too high. George Watts, a poultry industry spokesman, told the House Agriculture Committee that unprofitable prices had forced a large broiler producer to close its Tennessee plant, destroy 800,000 fertilized eggs and smother 300,000 newborn chicks. About 1,000 Western cattlemen threatened to withhold beef from market. The tactics were reminiscent of those that farmers used to protest President Nixon's second price freeze last summer...
...pens of Colorado, Texas and the Middle West-and not just from the steers awaiting slaughter. The feed-lot operators are moaning too, because a consumer rebellion against beef and soaring costs of fattening cattle threaten to trim their profits to the bone. Says an official of the Colorado Cattlemen's Association: "A lot of boys are going to belly...
Good land down below. Good people when you get there. What we used to call Richard Nixon's people for the most part. Supermarket proprietors, cattlemen, computer salesmen, bankers, suburban housewives and mothers-the people who plan and manage the American way of life...
...farm goods remains extremely high because supplies of wheat and other items are still tight worldwide. The 1973 inflation in wheat, corn and soybeans showed how much havoc heavy export demand can wreak on U.S. prices. In addition, all the ups and downs of controls last year caused cattlemen and hog raisers to limit production sharply. That means that meat prices will stay high or even rise in the months immediately ahead because the number of steers and hogs reaching market will not increase much before midyear. Whether there will be any appreciable drop in prices after that is uncertain...
...ease the pain for the consumer; politically, that would soften the blow to President Nixon. During the rest of this year, food prices are likely to rise 3% or 4%-an annual rate of 6% or 8%. In fact, so much beef is being held back now that the cattlemen may get burned. If the Administration hangs tough and the sellers' strike continues, great herds of cattle will hit the markets after Sept. 12-and beef prices could go down...