Business & Finance: High on the Hog

The annual convention of the American National Cattlemen's Association, meeting in San Francisco last week, came out flatly against both price controls and subsidies for meat. Reason: they diminish production and kill initiative. Said Executive Secretary Fernand E. Mollin: "[They] would do what they did in the last war, drive meat out of the market and leave nothing but pigs' knuckles."

Cattlemen thought that, both for themselves and for consumers, the meat outlook was good. With favorable feed prices, cattlemen increased their herds by 2,000,000 last year and expect to match the increase this...

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