ABC Evening News for Monday, Jun 17, 1974
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(Studio) Cattle suppliers hold back stock in effort to stop plunging beef prices. 8 cabinet members and food industry execs. meet with regard to food crisis in DC.
REPORTER: Howard K. Smith
(DC) Agriculture Secretary Earl Butz, economy cnsl. Kenneth Rush meet with food industry spns. [BUTZ - thinks consumers should buy beef again; now is excellent time.] [Vice chairperson Winn-Dixie A.D. DAVIS - believes stores must win consumers back to buying beef.] Whslers. and retailers asked to review profit margin. [Bank president Stanley EVANS - says many cattlemen have lost money during beef war.]
REPORTER: Virginia Sherwood
(Sioux City, Iowa) Cattlemen losing profits daily. [Cattleman Bill UTESCH - says he's lost more money in 8 mos. than he's accumulated in his life.] Losses attributed to many factors; details given. [UTESCH - insists he's in business now only because he can still borrow money.]
REPORTER: Ron Miller
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