Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-21

total annual tonnage of these two
food grains, is the determining fac
| tor. With wheat, as in the case of
corn, the country has in prospect an
all-time record crop of 1,160 million
bushels. Despite this record crop,
because the carry over from the last
season will be the lowest since 1887.
the total supply is lower than last
year. However, the Department of
Agriculture estimates that this sup
| ply will adequately meet our domes-
tic food and feed requirements, the
Governments export program as
presently formulated, and will, in
addition, permit an increase toward
a more normal carry-over available
| for next year. In view of these esti-
mates, the Board anticipates that
the size of the current crop coupled
with current estimates of demand
would very shortly lead to the re-
moval of ceilings under the statute
/ Second, the maximum prices that
may be established for these grains
are required by law to be at least
as great as parity prices. Recent
| increases in the index of prices paid
by farmers, which governs the deter
mination of parity prices, have
raised the legal minimum at which
price ceilings could be established
for wheat. Similar increases would
have to be made in the ceilings on
some of the other grains under con-
sheraton.
Third, though the prices of these
food and feed grains rose sharply
and to unreasonable leyels upon
their release from controls in July,
since early August and with the
approaching harvest season, prices
have been returning rapidly to more
reasonable levels. The following
example will illustrate this trend
for No. hard winter wheat at
Kansas City:
June 30 High. price Recent New
ceiling July quotation ceiling
$685. 1928 SOL $197
In view of these three considera-
tions. the board has been unable
to find that resumption of these
controls will serve the public in
terest. 1t is to be noted, however,
that should the boards expectations
as to price trends, or as to the
adequacy of the current crop prove
| to be in error, the board is au-
thorized ON its own initiative to
reconsider it's determination and to
direct recontrol in accordance with
subparagraph Co.
z. FJaxeeed and By-Product Feeds.
With respect to faxseed and by
product feeds, the conclusion that
prices have risen unreasonably since
June 80, 1916, that the supply is
short, that regulation is enforce
able and practicable and will serve
THE public interest is substantiated
by information obtained at the hear
ingS. Thus, prices for linseed meal
have increased as much as ST per
cent, and prices for gluten feed have
increased as much as Is per cent
over June 30, 1916, ceiling prices.
The need for continued regulation
is evident to avoid unbridled bidding
/ for the very limited current stocks.
The condition debating recontrol
of by-product feeds are elaborated
in the section of this opinion de-
voted to cottonseed and soybeans.
To implement the boards decision
that protein feeds be recontrolled,
it is essential that mixtures of feeds
which contain these by-product
feeds be likewise subject to regula-
ton. Otherwise proteins would
readily escape controls by being
mixed with the carbohydrate grain
feeds which the board has directed
shall continue free from regula-
ton. In addition, the same factors
which make soybean and cotton
seed feed products eligible for ret
control, apply with equal force to
the by-product feeds which fall
within this grain group.
E. Livestock and Food or Feed
Products.
This commodity is defined as
livestock or food or feed products
processed or manufactured in whole
or substantial part from livestock y
The principal products are beef
veal, pork, lamb, mutton and a
great variety of processed meats
fats and feed products.
In the public interest there are
compelling reasons leading to the
conclusion that unreasonable prices
in meat should be avoided. Meat
according to the Bureau of Labor
Statistics, accounts for 10 percent
of the food budget of the moderate
income family. Maintaining price
levels of meat low enough to pro-