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Economy / Cost of Living / Beef Prices #200758

CBS Evening News for Wednesday, Oct 22, 1969
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(Studio) Labor Department reports cost of living rose 1/2 of 1% in September Only declines in fresh fruits, vegetables, and used cars. Agriculture Secretary Clifford Hardin says reduced production, lower imports, and incrd. demand causes high beef prices.
REPORTER: Walter Cronkite

(No Location Given) Lb. of sirloin steak is $1.38 in supermarket Rancher gets 29 cents pound
REPORTER: Joseph Beatty

(Greeley, Colorado) Steers auctioned off, after having been fattened up for 5 mos. Each of 400 pounds added on per steer cost 23 cents pound Price 28 cents pound at slaughter house Packing house shown They get $8-10,000 year Chuck gets 38 cents pound, trimmings get 35 cents pound, sirloin gets $1 lb., and tenderloin gets $1.75.
REPORTER: Joseph Beatty

(Weld Cnty., Colorado) Largest cattle-feeding cnty in US.
REPORTER: Joseph Beatty

(Weld Cnty., Colorado) [Feed Lot Operator Kenneth MONFORT - says each segment should make equal share. Retailers make most.]
REPORTER: Norman Glubok

(No Location Given) Meat counter shown. [Meat Buyer Barney FRIEDMAN - says people out West control beef prices.] Cattlemen and supermkts. blame each other for increase. Price will stay high as long as demand is.
REPORTER: Joseph Beatty

Beatty, Joseph;
Cronkite, Walter;
Glubok, Norman

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