A BEEF REVIVAL.

Evening Post, Volume CXII, Issue 8, 10 July 1926, Page 9

A BEEF REVIVAL.

Those people who have formally said "goodbye forever" to the beef export trade —as, they did to the wool'export trade during the slump of about four years ago—may be interested to read the pronouncement of a Texas cattleman, Mr. John D. Finnigan, quoted with respect by the National City. Bank of New York: "As a natural consequence of the high prices created by war demands and the reaction resulting from the general depression of business, the cattle industry was forced to BO through one of the most trying ordeals in its history, and the recovery of the, industry was slow; however, the outlook for its future can well be expressed in saying .'the slato has been cleaned by forced liquidations and, as a consequence, the business is now on a firm basis and prices show an upward trend. The demand for beef is, apparently, as good as it has ever been, and prices are novy on a sound footing. Results indicate the number of baef cattle in Mils country to be decreasing some sis.million head from the high, point of the liquidation period. It is probable that even though high prices should prevail and ■ every incentive to encourage increased production, it would require at least slj or seven years to re-stocl; the country to the point of overproduction. The greatest shortage in cattle for the future will be in really well-bred steers of all ages, and of aged steers of. even low quality; this, of.' course, has. been brought about by forced liquidation of many flno'breedijig herds, which have required years to develop." ■ . " ' ' . If Argentine cattle are diverted increasingly into the United States market, who'will fill the gap In Britain and Europe?