Prices Slump in Des Moines Meat Markets
Des Moines buyers feel national price trends with pork prices about 3 cents lower than two weeks ago while beef remains firm. Lard averages 2 cents cheaper per pound as lower wholesale prices fail to translate fully to retail. Downtown markets mostly hold firm, with some shops reporting slumps in smaller outlets and residential districts.
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Price swings and market manipulation in Des Moines pork trade
E. Harsh, secretary of the Dwelling House Mutual Insurance association, cites San Francisco bacon prices to argue Des Moines is overcharged by a local market cartel. He notes Morrell's Ottumwa bacon undercuts Des Moines pricing by 15 cents, questions shipping economics, and urges repeal of peddler licenses to expose alleged market manipulation.
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Dwelling House Mutual Insurance Association
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Ottumwa
Beef Trust
Chicago
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