Word: livestock
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...usual, most of the fire was directed at Price Boss Michael V. Di Salle, whose 18% rollbacks of livestock prices start going into effect next week. On short notice, Di Salle was hauled before the House Agriculture Committee to defend his order. Who, asked Cattle Congressman W. R. Poage of Waco, Texas, will bear the brunt of the rollbacks? Won't it be the ranchers? And what immediate relief, asked another representative, can consumers expect? For hours Mike Di Salle took it on the chin, supplied generalities rather than facts & figures. Finally, he stepped wearily down with the comment...
...York and other cities, beef prices are the highest they have ever been, and there is also a shortage of beef, although the U.S. cattle population is 2% to 3% higher than last year. Di Salle's men said that even after they had rolled back livestock prices 18%, farmers would still be getting 120% to 125% of parity...
...little encouragement about the mounting cost of food. Meat had become a particularly burning problem. Packers looked back to isolated examples of high-priced sales, used them as an excuse for getting around the Jan. 25 price freeze. Meat packers complained that they were caught between high prices for livestock (which are not controlled) and the control ceilings under which they must sell processed meat. Di Salle promised to put his enforcement staff to work on the chiseling packers, and one OPS official hopefully guessed that "it won't be many days" until the freeze is extended to livestock...
Cotton Congressmen disagreed. South Carolina's Senator Burnet R. Maybank cried that the order would "never work" and was the real start towards controlling other farm products, such as livestock, wheat and wool. He threatened to lead a move to knock the props out from under the whole price control act when it comes up before Congress for renewal in June...
...Texas, folks play for big stakes. When Andrew Tatsch was given a Hereford calf by his father, he decided to raise it into the finest steer there ever was; last week, his year-old, 1,000-lb., underslung steer "Shorty" won the grand championship at the San Antonio Livestock Show. After a San Antonio brewer bought Shorty for $21,000. * 13-year-old Cattleman Tatsch splendid in a satin shirt and cowpoke boots, took a bow in the center ring, announced he would use the money to buy a ranch...