The American is distinctly carnivorous: he now eats 175 Ibs. of meat a year, 14 Ibs. more than five years ago Despite this rise in the consumer's appetite, the profits of the meat-packing industry remained depressingly low for close to two decades. Last year, finally the packers made a dramatic breakthrough: profits rose to $166 million, 46 million more than in 1963. The 1964 federal tax cut was partly responsible, but the convention of the American Meat Institute in Manhattan last week displayed an even bigger reason: some new machines that can pack profits as well as...
To continue reading:
or
Log-In
