Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-11-24
The SEASON for Pork Packing.-Is7I.z2

The season for Pork PackfnK.-IS7I.z2.
The New York Financial Chronicle of the
18th says:
According TO the custom of the trad2N.ne
season for marketing and Strengthening sNto-
began in the western markets on the Ishe
November, and much interest Is naturally feil
in the probable result. -
The last hog crop was almost ruinous in the
losses which II brought TO the packers. Open
ing with speculation stimulated and prices
Inflated by the demand caused by the war in
Europe, IL terminated with the cessation OF
hostMities between the principal helligerents.
which was followed by a fall in prices Of from
twenty-five 10 fifty per cent. For some time
after the surrender Of Paris, quotations were
pretty. well sustained, but the decline which
has AIKEN place up 20 the present time will be
seen by the following comparison:
March Il, ISL. Nov. Il, 1871.
Pork, mess, per bbl--sA Is slsI
Prime mess...-......--. 70 IS IL Is
LARD, prime steam,
per lD-..-.--........ EELc. SO.
Bacon, long clear-.--. l04e. SIC.
II should be observed, however, that pork
and lard are now higher than In October. On
the day that Paris -urrender prime mess
pork was quoted at SIS In this market. 1t has
since sold as low as $40 81 per barrel.
preached he present packing season with
much caution. II has been necessary 70 antici-
pate the usual date for It's opening. Since the
LIST OF September the number OF hogs siauRh-
tered in this market has been double the
number in the correspos ding months last
year. Large as was the product Of last year,
thes supply OF bacon was early exhausted, and
that O flard would have proved deficient but
for the large quantity made IN the late sum-
mer and early "a ! months. AS It Is, we have
no supply Of old lard, and the demand has
been 50 great as 70 cause a slight advance in
prices in the face Of q very large Production.
The prospects for the current packing sea-
son are stated briefly by an accepted authori-
ty IN such matters, thus; There will be an in
C ease OF One-sixth in the number Of hogs
slaughtered, making sn aggrega E for the sea-
son of qDOnl lNUDD against x nm rn0 1na4 a
son; but there VIII be q falling on of about one
twelfth Of the average weight. This, II correct,
will reduce the net increase about $4,000 that
is, the $4,000 hogs this year are not likely 10
weigh more than $4,000 hogs Of weight OF
last year. There are many reasons why they
should be lighter this season than last. The
new corn has reached a marketable condition
much earlier in the season, and in many of
the feeding d strtcts brings good prices; the
grower has therefore a strong 1nducement to
sell his corn In preference 20 feeding It to
swine, which ssu al prices that Will hardly
pay for the labor required In attending
them; and the meats most in demand re-
quire hogs Of medium weight TO make
them: There Is, however, one circum-
stance that may yet operate IN favor OF
the heavier weights. Our readers have noted
an advance Of 70 10 30 2 cent. in nsh oils, based
on the loss OF a number Of vessels from the
whaling fleet; the demand for and production
Of lard oil may be greatly stimulated thereby,
and ultimately Influence the whole course OF
the packing season as well as the market for
hog products. There Is a large stock Of pork
now in the country, the largest for the period
in many years; but for bacon and lard, buyers
are wholly dependent on current supplies,
while the demand for export, which has been
almost without precedent, seems 10 increase
rather than diminish. There is some discus
sion respecting the probable export demand
In the future. The exports from the United
states In the 6scal year ending July1, ISL, ag-
g~regated 1911 ,000,0O pounds; the average weight
OF hogs this season is A2 pounds each: The
above export is therefore the product OF nearly
10000 hogs OF this weight. But two seasons
cannot thus be accurately compared The
product OF last season was sttnate at 60 y
ceut. greater than the preceding season.
exports nom New York show an increase of
nearly 40 B cent, as VIII be seen by the fol-
lowing statement;
EXPORTS OF BACON, PORK, LAID, ETC, FRoM
NEw YORK, foR " A RNDING SoY.L