Word: pork
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Dates: during 1970-1979
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Pushing through supermarket aisles thronged with anxious shoppers last week. Housewife Katie Wolff of Winnetka, Ill., an affluent Chicago suburb, was exasperated. "Nixon has lost control of things," she said. "Prices are so high we haven't had pork chops or steak in a month." Mrs. Joan Sheets of Los Angeles had the same complaint: "They tell us to eat less expensively, but just try finding a cheaper cut of meat. Even bologna is $1.30 a pound...
...most of the economy until Aug. 12, moved swiftly to pass along all increased costs of uncontrolled raw farm goods. In New York and other large cities, eggs rose from about 89? per doz. in supermarkets to 98?, and as high as $1.19 at small groceries. Center-cut pork chops in Chicago climbed 20? per lb., to $1.69; they were $1.89 in Los Angeles. The Hormel Co. fattened the price of a 12-oz. can of pork-based Spam by 16?; it is now selling for about 85?. Chicken was up 10? per lb., to about 65? in Atlanta...
...next several weeks, already rebellious consumers will be asked to pay as much as 900 to $1 per dozen for eggs, 800 per lb. for broiler chickens and $2 per lb. for pork chops and bacon. Lettuce, tomatoes, fresh fruit and other perishables will rise immediately. Also likely to leap are prices for cereals, flour and other wheat and corn products, oils, many canned goods and frozen foods. When the freeze ends in August, prices of many other items will...
...groundwork for shortages later this year. Faced with soaring prices for feed, farmers killed baby chicks, sows and milk cows. Unable to earn a profit, meatpackers closed down, and food processors slowed production. Beef production could drop 2% this year; earlier it had been expected to rise 3.5%. Pork production is likely to dip by 3%, and output of broiler chickens is running 1.5% behind last year's pace. Says Don Paarlberg, chief economist of the Agriculture Department: "There will be fewer eggs, smaller supplies of fresh fruits and vegetables. Milk production will probably fall off, and there will...
...steepest and most painful increases are coming in food. Britons are paying 30% more for fish and pork, and 40% more for "cheap" chuck steak. Former Prime Minister Harold Wilson recently told a Labor Party meeting that his wife Mary was "almost in tears" as she watched "a little old lady moving from one part of a shop to the other, pricing all the things she wanted." The woman finally walked out "clutching a pathetic little plastic package of two slices of meat loaf...