Word: cattlemen
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...last week, despite the peak popularity of their product, U.S. cattlemen were in the dumps. In the Kansas City stockyards, beef on the hoof sold for $14.50 a hundred pounds, near the lowest point in a decade and about 50% less than four years ago. Said Jay Taylor, past president of the American National Cattlemen's Association: "Plenty of cattlemen are going broke." Undoubtedly many ranchers who jumped in to make a quick killing when prices were sky-high were being hamstrung. But many veteran cowmen were still making money, although, as a group, ranchers were just about breaking...
Market Stampede. Actually, the cattlemen had ambushed themselves. In 1951 and 1952, with ordinary beeves selling at an extraordinary $30 per 100 lbs. and choice bringing as high as $36, the cattlemen had gone to work to breed and feed cattle as never before, boosted the total number of beef cattle from 53 million in 1951 to 63 million in 1955. Last fall the market was stampeded by 50% more beef than five years ago. Inevitably, prices started to slide...
...prices, however, are only a partial explanation for the great shift in eating habits that turned Americans from pork to beef eating (13.6 lbs. of beef for every eleven of pork). Another reason is the increasing efficiency of cattlemen at breeding and feeding, which has not only turned out beefier animals (in 100 years the average weight of a yearling has been doubled) but also tastier meat with more sirloin, chops and roasts and fewer poor cuts. What the U.S. wants in beef, the U.S. gets, thanks to the great progress in developing new and better breeds of cattle...
...closest thing to a pollster's dream of the perfect test of November. Of Wisconsin's 2,200,000 voters, some 58% live in and around cities, and the 42% rural population ranges from Cadillac-owning dairy farmers to the hard-pressed hog raisers and cattlemen along the Mississippi River and in the southwest. Even better, there was only one Democrat, Estes Kefauver, running against one Republican, Ike Eisenhower (although Ike had a nuisance challenge for the nomination from Ashland's fiery McCarthyite editor, John B. Chappie...
...total for the past three years is $72,800,000, and the government has plans to borrow another $190 million. Wool sales are lagging behind because of low prices on the world market. A wheat surplus, spurred by government subsidies, is snowballing. To complicate matters, the subsidies have encouraged cattlemen to reduce herds and convert pasture land to wheat. As a result, many of the country's packing and canning plants are idle, and Uruguay has been trying to import beef cattle from Argentina to keep them going. Batlle Berres is sure to have a few words...