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Crop Forecast / Price Hike / Crops / Trade Board #235704

CBS Evening News for Monday, Aug 12, 1974
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(Studio) Agriculture Department forecasts lower feed crop due to drought. Means increases in meat prices.
REPORTER: Roger Mudd

(DC) 5.6 billion bu. corn expected; now 4.9 billion forecast. Early wheat forecast: l.9 billion; 1.8 billion forecast now. [Econ. Dawson AHALT - predicts cut in poultry and hog production by 1975, but not beef.] Decline in foreign purchases may keep prices from soaring.
REPORTER: George Herman

(Lancaster Cnty., Nebraska) Report lst based on field surveys. Drought hurt corn most; corn field shown. Soybeans and cereal grains more resilient. More expensive to feed livestock.
REPORTER: Richard Roth

(Chicago, Illinois) Bd. of Trade shown. Prices to be pushed up here, which raises consumer prices. 1 cure may be controls on corn and soybeans sent abroad.
REPORTER: Richard Roth

Herman, George;
Mudd, Roger;
Roth, Richard

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