1973 Meat Imports Estimated
Secretary of Agriculture Earl
L. Butz announced that calendar
1973 imports of meat subject to
the meat import law are
estimated at 1,450 million pounds.
WITH BUXONLY THE
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bux
.Ten Granular
Smoketown, Pa. 397-3539
TM S ORTHO CHEVRON BUX —
This amount is roughly 10 percent
above estimated imports in 1972.
Public Law 88-482, enacted in
August 1964, provides that if
yearly imports of certain
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1027 Dillerville Road, Lancaster, Pa. 24 Hour Service Daily Ph. 717-397-4761
meats—primarily beef and
mutton—are estimated to equal
or exceed 110 percent of an ad
justed base quota, the President
is required to invoke a quota on
imports of these meats. The
adjusted base quota for 1973 is
- Economy Building - *2995.00
Height: 127" Under Open Front Plates
SUPPLY CENTER
Lancaster Farming, Saturday, January 13,1973
1,046.8 million pounds. The
amount of estimated imports
which would trigger its im
position is 110 percent of the
adjusted base quota of 1,151.4
million pounds.
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* Erected on your prepared site
**Offer Good Until January 27, 1973
The President will issue a
proclamation pursuant to section
2 (c)(1) of Public Law 88-482
limiting imports of meat subject
to the Act. At the same time, as
Secretary of the Treasury George
P. Shultz announced on Dec. 21,
the President will suspend that
limitation for calendar 1973. The
suspension procedure is the same
as that followed with Presidential
proclamation 4037 of March 11,
1971, and Proclamation 4114 of
March 9, 1972.
The Secretary stated that the
situation will be reviewed
quarterly, and should marketing
conditions change substantially,
contrary to present expectations,
the suspension of limitations will
be reconsidered.
World beef prices have
remained high and competition is
strong for available export
supplies. Several European
countries have temporarily
removed or reduced their import
duties on beef and veal. Also,
Japanese beef import quotas
have been increased sharply.
Secretary Butz reports con
tinuing strong demand for beef in
the United States. Cattle prices in
1973 are expected to average
higher than 1972 levels.
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- $ 4895.00
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