Word: cattlemen
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What about the Galloway? Back in Kansas City, Ike addressed the Hereford Association in a folksy chat that wowed the cattlemen and revealed the President as something of an authority on cows. "You know." he told his audience, "the old scrub cattle on the prairie began to disappear when I was a very young boy. There were all sorts of new breeds appearing-short horns. Angus, the white face and the Galloway. Whatever happened to the Galloway? He was a big black cow, you know, bigger than the Angus, and sort of woolly-haired...
...meat prices high because someone between the rancher and the retail counter is getting too much gravy? The answer is no, even though cattlemen are selling their grass-fed steers at a loss in today's markets. But middlemen are making no lush profits. The feeders, who buy steers to fatten up for market, are lucky to make a 10% profit-provided that they guess right on what the price will be when they sell. Meat packers' profits are smaller: last year they were six-tenths of a cent on each dollar of sales. The retailer, whose average...
Benson's original policy statements were perhaps too blunt and badly timed. Drought and falling prices were affecting farmers and cattlemen from Ohio to Texas, and they were getting worried. At just that moment the Administration spoke its piece. By the time I reached the Midwest and the plains states opinion seemed to be firming up that Ike would have to be notified that the farm program would have to stay as is, and that if he didn't accept the notification, a lot of farmers would go back to voting Democratic...
...first, the Department of Agriculture tried getting the ranchers to sign a statement that they could not afford to buy feed at the prevailing price (in the case of cottonseed meal, $66 a ton). But Texas cattlemen refused to put their names to any "pauper's oath." Two days later the ruling was "clarified" so that local relief committees were given broad license to decide who could pay and who could not. The allotments of feed were put on a per-cow basis, with little attention paid to ability to pay. Said Lubbock County Agent D. W. Sherrill...
Town Without Water. All this spells financial disaster for some cattlemen, although there are many who have shored up their financial position out of the huge profits of recent years. Eventually, consumers all over the U.S. will feel the effects. Although beef prices are down at the butcher shops now because of the market glut, premature marketing and sale of foundation herds are likely to lead to serious beef shortages and high prices in the months ahead...