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Show ! The Livestock Situation Los Angeles, June 5, 1933 Attention Atten-tion of the entire livestock and meat industry is now centered in the administration ad-ministration of the recently enacted Federal Farm relief act. Just how the farm act is to be administered and to what extent the normal channels of trade will be affected is not certain, yet it must be thoroughly understood that the entire purpose of the act is to raise farm prices. The law has "teeth in it", and those in charge of carrying out the will of the administration are sincere in their desire to see that the act does all that it is expected to do in bringing bring-ing about higher commodity prices. It is no secret that the livestock and meat industry is pleased with the character and ability of the men who have been appointed to administer tle act. There has been apparent a desire on the part of Secretary of Agriculture Wallace to work with the industry with as little interference with normal business practices as possible.1 There also is very apparent a desire on the part of the packers and meat distributors to assist in carrying out the intentions of the law with as little federal supervision as possible. In this effort, the various stock yard companies and livestock ex changes are working hand in hand with other factions. In fact, every element of the industry it anxious to do its part in the laudable effort to bring about more satisfactory conditions, con-ditions, with better prices the paramount par-amount objective. Many believe that we are emerging emerg-ing from our long period of depression depress-ion and that natural laws of supply and demand will quickly adjust the situation. But beyond that, the federal fed-eral administration believes that agriculture ag-riculture must lay comprehensive plans to prevent oversupply and depressed de-pressed prices. In this plan, it is possible pos-sible that the federal government, because of its entrance into the field of financing, may play a vastly more important part than is generally anticipated. an-ticipated. It appears now that the livestock industry is on a fundamentally sound basis and further natural improve ment in values may be anticipated. In the meantime, different factors in production, processing and distribution distri-bution are marking time, expressing their desire to cooperate in bringing about more prosperous times for the producer and more satisfactory general gen-eral trade practices. |
