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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jun 24, 1987
Page
5
Cattle prices eased across Midwest at terminals and in direct trade with feeders and slaughter steers and heifers trading down, while wholesale channels pulled live prices lower. Heat waves thin supplies and widen the gap between choice and good carcasses, pressuring box beef and setting firmer cow prices as demand remains uneven.
A Joint Economic Committee report says Japanese barriers to U S agricultural goods inflate the trade deficit with Japan. If lifted, U S exports could rise about 30 percent, with Japan paying roughly $3 per pound for beef instead of $24, and the overall deficit could shrink up to 13 percent.
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