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United States Beef Shortage / European Reaction #472381

NBC Evening News for Sunday, Aug 05, 1973
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(Studio) To counteract expected beef price rises in September, President placed embargo on soybeans to build up domestic supply for sufficient cattle feed here. Lower feed and cattle prices expected as result. In many cntrys., soybean embargo has opposite effect.
REPORTER: Garrick Utley

(Maine, France) When soybean exports stopped, beef and pork production slows. European meat prices to soar higher without soybean. Soybeans could become economy weapon for United States and trade deals with Europe.
REPORTER: Bernard Kaplan

Reporter(s):
Kaplan, Bernard;
Utley, Garrick
Duration:
00:01:50

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