Word: grained
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...yield will be down by 25%, or $4.5 billion worth. In the short term this may mean lower prices for meat as ranchers rush their herds to slaughter rather than continuing to fatten them. But in the long run it could mean significantly higher prices for both meat and grain...
OSHA, which has been criticized for failing to set a standard of maximum dust concentrations in grain elevators to avoid spontaneous explosions, blames OMB for the delay. In fact, all but three of 22 new safety rules proposed by OSHA have been blocked by the budget agency. "OMB has no technical knowledge," contends Thomas Seymour, OSHA's deputy director of safety standards. "They get their slant from contacts in industry...
...next year's grocery costs by 5% to 8%. Since such figures are an average for all foods, the prices of beef, pork and poultry are apt to jump even more. In the months immediately ahead, however, those prices may show an interim drop, since farmers anticipating rising grain costs because of the poor harvest will tend to sell off their livestock...
...diminished corn prospects are largely due to the Agriculture Department's payment in kind (PIK) program, which began with this year's crop. PIK is designed to ease the buildup of farm surpluses by giving surplus grain to farmers who idle their land. The program, which some critics label a windfall, brought about a planned 27% drop in the corn acreage planted this year. In July the Government estimated that the reduction would trim the 1983 corn harvest to 6.2 billion...
...Administration, in addition to cautiously welcoming these and other Soviet steps, is making a few of its own: resuming consular negotiations and sending a delegation off to Moscow to negotiate "confidence-building measures," like upgrading the hot line. The two countries have agreed on a major sale of U.S. grain to the Soviet Union. The State Department is musing about how to engage the Soviets in mutual restraint and perhaps even joint diplomatic initiatives in the Third World, particularly southern Africa. Both leaderships recognize that unremitting hostility is wasteful and dangerous. Yuri Andropov's Politburo is trying to figure...