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dll&pui dllUII, liclilU 1 I 11 g charges, etc. swelled the total cost to 11-12C a pound meant our market was a gold mine for these down-under producers. A cow in Australia cost around $25.00. . not a hundred weight — by the head! According to a letter received from Allan W. McGhee, Editor of the Chicago Drovers Journal imports of fresh beef and veal for the first eleven months of the years were as follows: 1963-846,988,000 pounds; 1962 - 739,192,000 pounds; 1961 - 516,363,000 pounds while for corresponding months in I960 the total was 391,401,000 pounds. You can figure the percentage increase. Also it is interesting to convert this meat to a cow basis. Most cows weight around 10(30 pounds and have a 50% dressing percentage. Simply divide 500 pounds into total Imports and you'll get the number of head. Then too Mr. McGhee reported 99,239,000 pounds of canned beef Imported the first eleven months of last year. GATT also states that any country breaking the agreement is liable to the other country for resulting losses. In other words if a nation was sending 10 million pounds of beef into the U. S. and a quota reduced that nation to 5 million pounds, the government would have to pay the nation for any damage incurred in marketing the other 5 million pounds.
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