herds are here to stay as are supported labor costs, high taxes, high interest, and high production costs.

"Therefore, after careful study, using all facilities of our great A. and M. College, the Oklahoma Cattlemen's Association urges that grazing land be included in the soil bank on a unit basis. That is, the grazing capacity of a ranch be determined by proper authority, and the cattle owner be paid for reducing his cattle numbers below the established grazing capacity by a certain percent. "The Oklahoma Cattlemen's Association directs that copies be sent to the Oklahoma delegation, House and Senate chairmen of Agriculture Committee, Harold Cooley of the House and Allen S. Ellender of the Senate, and a request that a delegation of Oklahoma Cattlemen's Association cattlemen be heard before these committees to present views of active cattlemen when Congressman Albert's bill or other related bill is heard.

"Adopted this 8th day of February 1957 in annual convention assembled. "Approved:

"(Sgd.) J. K. HALEY, President."

TABLE 1. Cattle, by classes: Estimated number on farms, January 1, United States, 1930-56 1

TABLE 2.-Beef and veal production and consumption per capita, United States,

1 Includes production and consumption for Government emergency programs.

2 Preliminary.

* Using 168 million population for 1956.

Source: Livestock Market News Statistics and Related Data, 1955, Statistical Bulletin No. 178, AMS, USDA, 1956. Livestock and Meat Situation, AMS, USDA, November 1956 p. 6.

TABLE 3.-Cattle and human population with selected ratios, United States,

NOTE.-Human population data refer to Jan. 1 for the years 1930-46, to Apr. 1 for 1947-54 and to July 1 for 1955 and 1956. All cattle numbers refer to the Jan. 1 numbers.

Source: Human population data are for the years 1930-54 and are from Agricultural Statistics, 1955, p. 488. Data for the years 1955 and 1956 are from Survey of Current Business, August 1956.

TABLE 4.-Total beef production, estimated beef production from dairy herds and estimated production per beef cow, United States, 1930-56

Source: Basic data from Livestock Market News Statistics and Related Data, 1955 Statistical Bulletin 178 and Livestock and Meat Situation, AMS USDA.

1955. 1956.

TABLE 5.-Selected United States beef cattle price data

Year

1 Based on January-November data.

Source: Agricultural Prices, AMS, USDA.

TABLE 6.-Estimated levels of per capita beef consumption consistent with various levels of prices and based on alternative price elasticity of demand assumptions1

1 Estimate based on 1955 and 1956 price and consumption data. The high price elasticity is -0.84 while the low price elasticity assumption is -0.50. Income effects are not considered. Price elasticity is defined as the percentage change in consumption associated with a one percent change in price.

TABLE 7.-Estimated beef consumption at selected levels of prices and population [In millions of pounds]

TABLE 8.-Consumption of beef from beef herd production at selected levels of

NOTE.- Based on consumption rates in table 6 and a stable production from dairy herds of 2,100 million pounds.

10, 514

9, 545

11, 279

10. 752

10, 737

9, 751

11, 515

10, 979

10, 959

9,956

11,751

11, 206

11, 182

10, 162

11, 987

11, 432