Illinois Farmer's Outlook Letter Doubts Beef Rollbacks
Around May 1 Mr. Di Salle announced rollbacks of about five percent in beef and cattle prices for August 1 and another five percent for October 1. The price control law expires June 30. Washington reports suggest a one year extension but with prohibition of scheduled beef and cattle rollbacks.
MENTIONED IN THIS ARTICLE
di Salle
Washington
Congress
Economic Tension Over Meat Prices and Rollbacks
Cattle feeders and ranchers clash over OPS price rollbacks as housewives could push prices lower by reducing meat purchases. A 1930s price outlook notes beef and pork supplies rising, feeder cattle prices reacting to rollback status, and a years-long wait for a major beef surge as herd growth and feed supplies unfold.
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