Word: feed
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Dates: during 1940-1949
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...plain fact: for at least six months the U.S. has had not too little but too much meat-on the hoof. Farmers now have an estimated 78,000,000 head of cattle and 75,000,000 hogs, the greatest number in history. Since the nation does not have enough feed for these enormous herds, some of them must be slaughtered. The slaughtering means a temporary glut of meat...
...floor" price-put in effect last year to stimulate hog production. The Office of Price Administration has a $1.07 ceiling on corn. Thus the hog corn ratio is artificially maintained at 13-to-1-so high that farmers would be foolish to do anything with their corn except feed it to hogs...
...Produced too many pigs and too little pork. (Farmers hold back their stock to feed it to the highest possible weight or to produce more pigs next season...
...permitted to operate, fluctuations in the corn-hog ratio keep the corn supply and number of hogs in automatic balance. Under the Agriculture Department-OPA rules, they have moved so far apart that only a major hog liquidation can restore any semblance of order. Thanks to the growing feed shortage, this liquidation is now beginning...
...coming rush to market should prove a good thing for the U.S. In the midst of wartime food scarcities the U.S. should be using its feed grains first for poultry and dairy herds, then for beef cattle which eat grass as well as grain. A large hog population, eating vast quantities of corn, is a luxury the U.S. cannot afford in wartime...