‘The 26th year of Canada Packers closed March 25th, 1953.
Within the year under review, prices of all meats declined an average of 22%. The most drastic decline was in cattle, and consequently beef, prices. A decline was not unexpected. It had been predicted for more than two years. Cattle prices had advanced to a much higher percentage of the pre-war level than was the case in respect of any other food. During the war period prices were controlled. Meats were rationed and ceiling prices were maintained. All Canada’s surplus meats were shipped to the U.K. An embargo was imposed against shipments of live stock or meats to United States. These controls continued until 1947.’
Click here to read the full article, “Canada Packers Limited – Report to the Shareholders,” as a free, downloadable PDF.
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