Word: meats
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Dates: during 1970-1979
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...with rising food prices, outraged by advice from various Washington officials to eat fish, eat cheese, or just eat less, thousands of women took to the streets in protest. In scores of cities and towns, they demonstrated, paraded, picketed, pamphleteered and badgered politicians. They cut down their purchases of meat, pledged meatless Tuesdays and Thursdays and, in an all-out boycott planned for this week, threatened to buy no steaks, chops, roasts or hamburger at all. In riposte, some farm leaders said that they would hold their animals off the market, thus creating an artificial shortage to keep prices propped...
Retailers will not be able to sell those meats for more than the highest prices that they had collected in the past 30 days. There will be no controls at all on the prices of animals on the hoof because the President did not want to offend farmers more than he had to and/or dry up supplies. But the hope is that, because retailers will not be able to charge more, they also will not be able to pay more-and that they will soon force prices down at the wholesale and farm levels. Later, going even further than...
Shortage. "The major weak spot in our fight against inflation is in the area of meat," said the President. He vowed that the price ceiling will be maintained "as long as is necessary to do the job." Housewives immediately questioned whether the ceiling would work; they urged a rollback of prices as well. Farmers thought that they were being victimized. Iowa Farmer Donald Gerhardt echoed the common sentiment: "The farmer is being singled out to fight inflation and take the whole loss...
...program last year. Federal payments to farmers soared to $4.1 billion from $3.1 billion the year before, and food production dropped by more than 2%. Nixon's chosen executor of this policy, Agriculture Secretary Earl Butz, performed zealously. "You won't get me to apologize for high meat prices," Butz told North Dakota wheat growers last year. "I'm spending money like a drunken sailor...
...Nixon's doing. A corn blight had reduced the supply of feed for livestock. By coincidence, the complex cycles for raising cattle and hogs also reached their low points simultaneously. At this rather inopportune time, the U.S. economy started booming, and demand for meat picked up. On top of that, a bad crop in the Soviet Union caused Moscow to turn to the U.S. for grain. The Soviets bought $1.2 billion worth, biting into U.S. domestic supplies...