Word: cattlemen
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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...
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...
...most of it came from the sprawling ranges of Australia and New Zealand, which produce a chewy but inexpensive grade of meat. The new trade agreements will hold this year's imports to the 1962-63 level and permit small increases later-but this did not satisfy U.S. cattlemen. In Omaha, the National Livestock Feeders Association announced that it was "disturbed, disgusted, dumfounded." Cattlemen's groups want even stiffer import quotas and think that the 3% tariff on red meat is much...
...real problem is back home on the range, where too many people are raising too much cattle. Last year, as cattlemen held their cows off the market in hopes of higher prices, the U.S. herd expanded by 6% to 106 million head worth $13.5 billion. Swift, Armour and other packers are feeding much of their own cattle in direct competition with the independent cattlemen; so are such supermarket chains as Food Fair and National...
...food bill (about 25? out of every dollar), one beneficiary of the current situation is the U.S. housewife. Retail beef prices slipped 2% to an average 81? per Ib. last year, and the dip is expected to continue for a while. But Government experts also reckon that the cattlemen's troubles are only temporary. The beef business historically runs in cycles; when prices hold low, cattlemen sooner or later have to thin their herds, marginal operators drop out-and prices begin to recover. Besides, as the Agriculture Department made a point of noting last week, Lyndon Johnson...