OCR Text |
Show Hor meat, with resultant highj prices, unless employment slumps, causing a decrease consumer purchasing pur-chasing power. Even if something should happen hap-pen to cut down the demand which isn't likely livestock producers pro-ducers are still assured of high prices: the secretary of agriculture agricul-ture has been authorized by Congress Con-gress to support livestock prices up to 90 per cent parity. With huge wheat and corn crop3 and less livestock to eat it, producers pro-ducers are likely to get cheape? feed. This decrease in livestock production cost will probbly not mean lower prices to the consumer, consum-er, however, because of the continued con-tinued high demand for meat. While all these factors are favorable fav-orable for the livestock producer, feeders who buy their stock should move cautiously because prices of feeder stock are high, the extension exten-sion specialist warns. CONTINUED HIGH MEAT PRICES IN THE OFFING Continued high mea't bills for the housewife and continued good livestock prices for the producer were predicted today by Morris H. Taylor, Utah State Agricultural Agricul-tural College Extension cattle marketing specialist. With increasing population, high level of employment, high consumer consum-er income, short supplies of meat animals, particularly cattle and sheep, and lower feed prices, the outlook for the livestock producer is very favorable, Mr. Taylor said With sheep and cattle numbers still on a decline, meat supplies will not increase materially until the 1949 spring pig crop comes to market a year from now. That will mean continued high demand |