Word: wheated
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...most conventional signs, the prices of food to the U.S. consumer should now be coming down after two years of dizzying and painful rises. Prices received by farmers for some key items -wheat, corn, cattle, hogs-dropped sharply last spring, record harvests are anticipated and the surge in agricultural exports that did much to boost U.S. food prices last year is now waning (TIME, July 1). Yet only a few grocery prices -for poultry, eggs, dairy goods and some cuts of beef and pork-have come down significantly. On average, retail food prices rose .9% in May, a month during...
...prices from farm to supermarket. For example, Arnold Bakers, a New York breadmaker, until recently was paying $13.50 per 100 lbs. for flour under contracts signed last winter and spring -though the immediate-delivery price for flour fell as low as $9.60, reflecting declines in wheat. Also, some agricultural prices have kept on rising: sugar recently hit a record 26? per lb., boosting prices of goods ranging from Life Savers to Kool-Aid soft drinks. But the biggest reason is that "middlemen" (a term covering bakeries, canners, meat packers, supermarket chains and trucking firms) are not passing along to housewives...
...major crossroads and access point to both northern Israel and the Damascus plain. Economically, the city will be a burden on the Syrian government for some time to come, although in the long run the agricultural potential of a fertile, well-watered area-good land for growing fruit, wheat, barley and beans-should contribute significantly to Syria's economy...
With the Government openly aiming for an eventual reversal of the drop in wholesale meat prices, the consumer's best hope for lower food bills lies in the grain belt, where record winter wheat and corn harvests are shaping up. Drought, plant disease and heavy rains have cut the crops below earlier estimates, but the Agriculture Department still projects the wheat harvest at 1.5 billion bushels, or 21% more than...
Export demand for wheat should decline because of big harvests in other nations, notably Argentina and Australia. A wheat carryover to 1975 of up to 500 million bushels is expected, v. an estimated 170 million for 1974. Thus the U.S. would seem assured of enough grain to feed its own citizens and supply foreign buyers at prices somewhat lower than now. That prospect does not please farmers in the least: one of the nation's leading agricultural economists, D. Gale Johnson of the University of Chicago, calculates that net farm income will drop 20% this year, to $20 billion...