Word: beefed
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...years has beef been such a bargain. Housewives in New York last week were paying 50? or lower for choice sirloin in many a store, little more than half the price of a few years ago. One result was that consumers were tucking away more beef than ever. The U.S. will eat 82 lbs. per capita this year, a pound more than in 1955 and almost 50% more than just five years ago, when pork was king. Beef is not only the biggest single item on the U.S. food bill (17? out of every food $1) but it is also...
...last week, despite the peak popularity of their product, U.S. cattlemen were in the dumps. In the Kansas City stockyards, beef on the hoof sold for $14.50 a hundred pounds, near the lowest point in a decade and about 50% less than four years ago. Said Jay Taylor, past president of the American National Cattlemen's Association: "Plenty of cattlemen are going broke." Undoubtedly many ranchers who jumped in to make a quick killing when prices were sky-high were being hamstrung. But many veteran cowmen were still making money, although, as a group, ranchers were just about breaking...
Market Stampede. Actually, the cattlemen had ambushed themselves. In 1951 and 1952, with ordinary beeves selling at an extraordinary $30 per 100 lbs. and choice bringing as high as $36, the cattlemen had gone to work to breed and feed cattle as never before, boosted the total number of beef cattle from 53 million in 1951 to 63 million in 1955. Last fall the market was stampeded by 50% more beef than five years ago. Inevitably, prices started to slide...
...Chipped beef is moving in to replace golden apples in the Lowell House dining hall, sneaker-clad feet are beginning to wend their way toward libraries instead of rehearsals, and the College's Herculean theatre season at last draws to a thumping close. At this point the stage-struck undergraduate, like the Wall Street speculator in 1929 or the Davy Crockett fan in 1955, naturally wonders just how long the boom is going to last. Is theatre activity at Harvard just beginning a long and significant golden age, or have students merely spouted Shakespeare and Tennessee Williams this year...
...loss and let Manager Graham keep as much of the land as he could pay taxes on. He began dairy farming. During the Depression, Phil took a year away from the University of Florida to drive milk trucks for his father. Later the elder Graham helped introduce beef cattle to Florida. Today, at 71, he runs a 7,000-acre empire with 2,500 head of dairy and Angus cattle, smack at the edge of the booming Miami environs, where 162 acres that he gave Phil are now being negotiated for sale at $3,000 an acre, which works...