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Beef May Be Only Bargain For Consumers In 1975
A December Agriculture Department report says farm commodity prices fell 3 percent in 1974 and overall costs rose for producers by about 12 percent. Beef and calf prices dropped below half the production cost, with poultry hogs and vegetables also weakening. American National Cattlemen’s Association president Gordon Van Vleck forecast beef would be the best food buy in 1975 as inflation widens. Parity measures show farmers getting reduced returns even as consumer prices climb. Retail price margins are under study by Congress and FTC, with officials warning of rising food costs ahead.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Gordon van Vleck
American National Cattlemen’s Association
Congressional
The
Federal Trade Commission
FTC
Denver
UPI
Gordon van Vieck
van Wieck
Cattlemen's Association