The Livestock Situation by J A McNaughton
Los Angeles reports a surge of beef into retail channels has driven cattle prices to near record lows as vast slaughter increases, with federally inspected meat up about 13.2 percent over 1932. Oversupply of poor quality beef and competing foods keep prices down, but programs to cut hog, dairy and dairy product supplies, plus better breeding, offer a path to improved markets.
MENTIONED IN THIS ARTICLE
Los Angeles
United States
Institute of American Meat Packers
Pacific Coast
Government buys hogs for relief distribution under review
Agriculture officials fear losses on a relief hog purchase. Secretary Wallace notes packers likely profited about 1.2 million dollars when live hog prices dropped after contracts were set at six dollars per hundred pounds. Hopkins sought 29 million pounds of dressed pork and 60 million pounds on the hoof.
MENTIONED IN THIS ARTICLE
Washington
Agricultural Department
Wallace
Department
Harry H. Hopkins
Hopkins
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