Word: meatmen
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Dates: during 1950-1959
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STEAK prices will go higher this year, meatmen predict, because drought and high feed prices caused many ranchers to reduce herds last year. Beef prices should hit a peak about 5% below last year's high by late July or August, remain there through next winter...
Supply & Demand. The fall in retail and wholesale meat prices under the "glut" of cattle on the market caught the headlines. Actually, retail prices were just catching up with the wholesale drop that started four months ago. In fact, meatmen thought that the glut was due chiefly to the fact that retail prices had not reflected the wholesale drop quickly enough, thus meat piled up that would have been consumed in the ordinary working of supply & demand. Normally, a 10% drop in the retail price of meat boosts consumption about the same amount. So far, retail prices have fallen only...
Bulging Feed Lots. Ever since beef controls first went on, meatmen have demanded they be lifted. Most admit that if they are, prices will go up. But after a temporary flurry, they think heavier supplies will bring prices down...
...jumped a dozen meatmen to protest livestock controls and price rollbacks. The American way, said one feeder angrily, was through the law of supply & demand. Snapped Di Salle: "It's called the law of supply & demand when the price is going up, but everyone hollers for supports when the price goes down...
...National Cattlemen's Association: "I raise cattle, and I don't think these regulations will hurt me. Maybe some of the other gentlemen can tell you how they will be hurt." They couldn't. With beef at 152% of parity, asked one newsman, how could the meatmen complain about the rollback ordered by Di Salle? President Allan Kline of the American Farm Bureau Federation answered the question with a ten-minute dissertation on the American way of life. Cried Agriculture Committeeman Cooley, one of the guests: "You gentlemen have failed to answer a single question...