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Cattle Market Steadies
Charles Lucey, a Scripps-Howard staff writer, recently sent out a dispatch on the changing cattle situation. During a recent period, he wrote, “They’ve poured the biggest flood of cattle in years into the Chicago stockyards . . . and yet a market that had been run ragged only a couple of months ago tookjt without buckling.
“Farmers who took a terrible beating in mid-summer’s heat and drought, and .feeders of fat cattle who got squeezed between high corn prices and low cattle prices are perked up and beginning to show confidence again ...
“Fredicting markets ahead is always risky business, but most people around the stockyards say they think prices should hold fairly firm.”
Beef prices are much below the highs of a year ago, and the consumer gets substantially more for l\is money when he goes to the butcher shop. Horeover, it is definitely in the long term interest of the consumer no less than the producer that the value of beef return to and stay at a reasonable level, which will compensate for today’s cost of raising the animals and return some kind of a profit. This is a meat-eating country, and a steady increase ” in the meat supply is es- ~ sential if we are to maintain our living standards in this regard. And it’s obvious that instead of increased supply we'd soon have a sharp decrease If it became apparent thaTthe meat business, with all its work and risks and investment, was a losing enterprise.
So the recent news from the meat front is on the good side. May it continue that way.
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