Word: livestock
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Dates: during 1940-1949
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After declining steadily for a week, livestock prices hit their lowest point in more than four months. The cave-in loosened the prop under retail prices. Most Eastern food chains promptly slashed as much as 19% off some pork prices, 35% off beef. Stores in Cleveland, Detroit, Chicago and points west followed suit, in some cases with even bigger slashes. Dun & Bradstreet's wholesale food price index dropped to its lowest point in 14 months...
...shorter supply would raise prices. Nevertheless, except for hogs, prices stayed down. The Department of Agriculture, which mortally hates and fears a fall in farm income, predicted that the lower prices would not last. Many another expert thought differently. Mark W. Pickell, executive secretary of the Corn Belt Livestock Feeders Association, said that prices would be "lower in November and December," even lower next year. Whoever was right, consumers thought the effect was healthy...
Cheaper. It looked as if the cost of food-the biggest component of the cost of living-was finally heading down. In its mid-September index of crop and livestock prices, the Department of Agriculture reported a three-point drop to 290 (1909-14 average: 100), the second drop in two months. The Journal of Commerce's wholesale food index also dropped half a point...
Admitting the difficulty of bringing a cow, or any large beast, into Manhattan the Livestock division, nevertheless, was disappointing. There was only one entry this year: a dozen diminutive dinosaria (spotted newts), which dozed unconcernedly through the whole affair...
...meat accounts for about 75% of the meat the U.S. housewife buys. But the meat business is difficult to control. Each day the packers through retail stores deal with millions of customers. In the stockyards, even though they are the most powerful bidders, they still deal with thousands of livestock growers whose readiness to market their animals is the most important factor in determining meat prices from day to day. Throughout the U.S. the Big Four get lively local competition from some 3,000 smaller packers. The independents during last spring's meat workers' strike when...