MEAT: The Showdown

In the midst of a blizzard, trains and trucks rolled up to Chicago's stockyards last week, disgorging huge numbers of hogs and cattle. As the squealing, lowing animals were crowded into the cold and muddy pens, prices tumbled. Sales of steers were heavier than in any comparable week in ten years. Had the big break in meat prices finally come?

It had for pork, which has long been selling under its retail ceilings. One big Midwest food chain cut prices on pork chops 10¢ a Ib. to 73¢, planned another 10¢ cut this...

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