Beef cattle production is the largest single segment of livestock operations today. and in many respects is the bellwether of the entire livestock industry. The danger we face today is a new flood of imports of foreign meat. which may have a catastrophic impact on our domestic livestock markets. Mr. President. in my comments today. I expect to develop the following points: First. The meat import quota law of 1964 was passed on the basis of the unhappy experience of the effect of permitting a deluge of foreign meat to inundate our markets. The law does not prohibit imports. far from it. Last year beef and veal importsincluding live cattlewere equivalent to about 8 percent of total U.S. production.
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quota law