Word: meats
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Dates: during 1950-1959
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...hoof was virtually unchanged. The explanation, as everyone expected, was simple. The packers and retailers had jacked up prices when the Korean war touched off a burst of buying, then cut them when housewives balked at the increase. Explained Swift & Co. Vice President Paul C. Smith: "In the meat business you have to take advantage of any increased demand by the raising of your price...
Most packers thought that meat prices would dip a bit this fall, when big quantities of beef and hogs start moving to market. Meat production is expected to increase 20% over this quarter in the heaviest cattle slaughter since 1944, and consumers should benefit by the big supplies on hand...
Nevertheless, prices will probably still be higher than last year, because the U.S. is eating meat at a belt-bursting clip. The American Meat Institute estimated that U.S. meat consumption will hit an annual rate of 160 Ibs. per capita in the last quarter of 1950 v. 144 Ibs. for all of last year...
...conferees managed to purge the bill of all the politically inspired "special advantage" amendments (such as Kenneth Wherry's clause guaranteeing reasonable profits to each joint of the meat industry) which had been written in by the Senate. Congress provided that most of the bill's authority must end June 1951, and set up a joint Senate-House watchdog committee to keep an unwinking eye on the President...
...Members of Joe Ryan's A.F.L. longshoremen, who a week earlier had balked at unloading inbound cargoes of Russian furs and crab meat, refused to touch 2,000 cases of Polish hams aboard two American freighters at New York docks...