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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Dec 18, 1970

Page

9

Battle Looming On Beef Quotas

Beef quota battles loom as CATTLE PRODUCERS and meat importers clash over 1971 imports under Nixon administration plans. Officials cite a trigger point near 1.022 billion pounds, with voluntary agreements guiding current totals around 1.18 billion pounds. Meat Importers Council pushes for higher imports to curb prices, while officials stress safeguards and production capacity.

Nixon Meat Importers Council of America New York Clifford Hardin

Cotton futures hold steady amid narrow range trading

New York AP reports cotton futures No 2 closed unchanged to 75 cents higher as buying and liquidation mixed. Prices traded in a tight band with gains tapering from 1.20 a bale, activity shifting between March May and October December contracts and spot markets remaining moderately active at an average mid lingering near 24.55 cents a pound for 12 leading months.

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Market report shows mixed grains and steady poultry trade

Grain prices were mixed at the close with soybeans and corn irregular but ending down, oats modestly lower and wheat fluctuating. Broilers cooled in light trade while overall activity remained steady with short covering and late-session declines as beans weakened.

Also Mentioned on This Page

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