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Beef Prices / Canada #472113

NBC Evening News for Thursday, Aug 02, 1973
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(Studio) Beef prices go up with or without freeze. Illegal price increases on the rise.
REPORTER: John Chancellor

(Toronto, Canada) Canadian buyers purchase prime American cattle. It's believed some beef shipped back into United States at higher import prices after slaughtered and packed in Canada. Action used to get around beef price freeze, but it is illegal. Canadian beef exported to United States almost doubles over 1 yr It's legal to pass on incrd. cost on imported Canadian-raised beef so Americans pay more. [Sterling Packers LTD. Harry GREENSPAN - states beef can be sold for more in American mkts. It's matter of econs.] Meat prices in Canada up. Some American supermkts call on Canadian government to ban beef exports to US.
REPORTER: Rebecca Bell

Bell, Rebecca;
Chancellor, John

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