AGRICULTURE: Again, a Bumper Year

The well-fed U.S. has been eating high off the hog for years, and paying a high tariff for the privilege. Last week, retail meat prices, which had edged up during the winter decline in slaughtering, were coming down again. Pork packers were glum because of a poor Easter trade; a big New York pork plant closed last week, and hog prices sank to their lowest level ($19.50 per 100 Ibs.) since OPA's end. Because of abundant grain for feeding, this year's beef was also coming down, and was a better grade than last year's. At $24.60 per 100 Ibs.,...

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