Word: grained
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...hair a stately white, his face deeply lined, Illia personifies almost everything that Argentina craves and lacks -maturity and stability. Ever since the military ousted President Arturo Frondizi in March 1962, the rich land of grain and beef has drifted from crisis to crisis and from military faction to military faction, amid needless inflation, trade deficits and an eroding peso. Just before last month's twice-delayed popular elections finally came up, there were strong fears that the military would annul the result to prevent followers of the exiled Dictator Juan Perón from returning to power through...
...land is turned over to cattle for grazing. More than 180,000 ranchers, as well as 788 meatpacking companies and 17% of Argentina's labor force of 6,000,000, depend on cattle for their livelihood. Beef is the nation's second largest foreign exchange earner, after grain, and last year accounted for nearly a quarter of Argentina's $1.2 billion total exports. This year, beef sales abroad will rise 30% to $392 million...
Delaware's Republican Senator John J. Williams started these rumblings last week by revealing that 24 million bushels of surplus U.S. livestock feed grains had somehow gone astray. The grain was supposed to have been shipped to Austria between 1959 and 1962 in a complex intergovernmental barter deal, but Administration officials admitted that international grain dealers had apparently reaped lush profits by illegally diverting most of the stuff to West Germany and selling it there...
Apparently a well-coordinated ring of German, Austrian, and possibly Swiss and American grain dealers arranged to have the shipments moved from such ports as Hamburg and Bremen directly into West German and other European markets, where grain brings premium prices. It was months later that a U.S. embassy official in Vienna compared shipping records and realized that while 40 million bushels of feed had left U.S. ports, only 16 million had ever reached Austria. Six Austrian grain importers were arrested and released on bail ranging up to $200,000, one of the highest figures in the country...
Trade experts pointed out that U.S. Agriculture Department officials should have realized sooner that Austria (pop. 7,000,000) could not possibly absorb 40 million bushels of feed grains in four years. "You could feed all the chickens and pigs in Austria 24 hours a day," snickered one expert, "and it would still be piled so high you wouldn't be able to drive through the streets of Vienna." U.S. officials, moreover, must have been monumentally careless to let 24 million bushels of grain get lost. That comes to 665,000 tons, or roughly 66 shiploads...