Word: beefed
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...convention. "We must get our own defense production program rolling in high gear," he said, "and we must find the way to do this without bringing on renewed inflation ... It means restrained and responsible actions by businessmen, farmers-and workers, too . . ." Later, after a $15-a-plate roast beef dinner, Price Stabilizer Mike DiSalle had his try. The delegates obviously weren't interested in what he had to say. They chatted among themselves and paid so little attention that, at one point, DiSalle broke into his prepared speech and asked them to listen. The Transport Workers' bellicose Mike...
...kill, v. 25% in normal times. Even so, slaughtering has been running some 20% below last year, because there are not enough cheap animals to balance the high-priced steers. Result: the big packers are operating at such a low level that they have been losing money on beef for the first time in years. In effect, the packers obeying OPS are underwriting meat controls while black marketeers are making big profits...
Black Markets. But beef was another matter. Beef prices are still at their retail ceilings; supplies of many good cuts are short and, in some places, prime beef is simply unavailable. Despite the huge shipments of beef to market, big meat packers cannot buy their normal quotas of animals under OPS controls...
...certain shrinkage in cooling their meat, but it is a simple matter to claim more shrinkage than actually occurs. It is just as simple to rejuggle the books to bring purchase prices down with little risk of being caught. For with retail prices skyhigh, black marketeers can buy their beef above OPS ceilings, sell it at legal prices and still show a profit...
Bulging Feed Lots. Ever since beef controls first went on, meatmen have demanded they be lifted. Most admit that if they are, prices will go up. But after a temporary flurry, they think heavier supplies will bring prices down...