Word: sheepmen
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Dates: during 1940-1949
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...civilians' gain is the U.S. wool growers' loss. Sheepmen have enjoyed two years of Government orders, because domestic wool has been preferred in filling Army orders. This large demand sent U.S. wool prices up 33% from 1939 before ceilings were clamped on. Now the woolen mills, trapped in a price squeeze between OPA ceilings on finished goods for consumers, and high domestic wool prices, will use more of the enormous stocks of lower-cost Australian raw wool that cram U.S. warehouses...