Econometric analysis of price data indicates that the new beef grading standards adopted in early 1976 have accomplished one of their major objectives--the price differentials between quality-yield grade combinations have widened, but the overall demand for beef has not been affected.

Increased advertising expenditures raised fluid milk sales nearly 5 percent, or by about 7,455 million pounds, during September 1984-September 1991. Sales of natural and processed cheese consumed at home rose by about 25 million pounds and 290 million pounds in the same period because of...