NBC Evening News for Monday, Jul 30, 1973
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(Studio) Growing fear of beef shortages results in packing companies closing, hoarding beef, and record sales of freezers. Agriculture Secretary Earl Butz says he advises President to keep freeze on beef until September 12 expiration date.
REPORTER: John Chancellor
(DC) [BUTZ - says he sees no reason for panic buying. Doesn't think there will be shortages.] Butz says cattlemen holding beef now will flood market when freeze is lifted. Lower prices will result.
REPORTER: Irving R. Levine
(Chicago, Illinois) Many packing plants close. Plants under pressure to close. Wholesalers and distributors close daily. Cattlemen put cattle on holding rations to keep cattle from fattening for market
REPORTER: Fred Briggs
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