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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
May 24, 1978
Page
14
Economist Mr. Petritz explains the cattle cycle and how price swings affect producers, consumers, and imports. He notes 30 billion dollars in losses since 1976, argues parity goals, and discusses how import policy and the 1964 law shape supply, prices, and the long term herd size.
The Beef Industry Council explains that beef rarely generates high profits at any stage. From a 1000 pound steer to a 615 pound carcass, the retailer trims 183 pounds, adds processing costs, and ends with about 432 pounds for sale at roughly 1.10 per pound before labor and overhead push to about 1.44. Profits and ancillary byproducts are not included.
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