Word: cattlemen
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Dates: during 1970-1979
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...Johnson County War, a bloody skirmish involving cattlemen, rustlers, vigilantes and the U.S. Cavalry in 1892 Wyoming, ranks well below Jenkins' Ear as a minor footnote to history. No longer. In fact, if the Guinness Book of World Records ever devises an entry for History's Most Expensive Minor Footnote, the frontier fracas may find itself at the top of the list. Credit for the elevation goes to Michael Cimino, 38, the Oscar-winning director of The Deer Hunter. Cimino's new film, Heaven's Gate, will dramatize the Johnson County War as lavishly...
...expected this year, he says, "I don't think the news ahead of us on oil will be as grisly as the news behind us." Heller also expects some relief on the food front by summer, though the price of beef will continue to be hefty while cattlemen rebuild their still skimpy herds. At the same time, production of pork and poultry is increasing, there are abundant "carryover" supplies of corn and soybeans from last season's harvests, and, says Heller, "the winter wheat crop looks great...
With prices up, cattlemen may begin to replenish their herds
...meat-eating world, only Australia and New Zealand can increase their import allotments. Those two could be lifted by 50 million Ibs., to a total barely enough to meet one one-thousandth of U.S. beef needs. Local consumer boycotts, like New York City's "Beefless Wednesday" campaign, signal cattlemen that demand for beef is dropping and that further herd cutbacks are in order...
Only in the past few months have they risen high enough for producers to consider seriously holding more cattle back from the market for breeding. Says Lauren Carlson, president of the National Cattlemen's Association: "We are at the critical point right now. Every cattleman is going to be making decisions in the coming weeks that will affect prices for a long time." The decision should be made easier because futures prices for cattle have jumped 50% in the past year and reached new records-a sign that prices will go higher in the months ahead. Thus it would...