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Meat Shortages Forecast To Lift Food Prices
Washington AP The Agriculture Department economist Larry Summers warned retail food prices may rise over the next three months as beef and pork supplies shrink. He said the increase should slow later, with a relatively moderate rise next year, though first quarter 1974 may run about 15 percent above a year earlier. Summers expects meat supply tight this winter and more cattle fattened by spring, potentially causing a sharp upturn in meat availability then.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Larry V. Summers
Economic Research Service
Summers
National Agriculture Outlook