The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1918-12-06

FOR pork products ana WIN the uitiDDe
foreign pork purchases
The conclusions Of the conference
The entire marketing situation has
30 changed since tho September joint
conference as TO necessitate an entire
alteration IN the plans Of price stabi-
Iizauion. The current peace talk has
has been a price decline of from %
cents TO 40 cents per bushei. The fact
that the accommodations OF low priced
sorn Ia the Argentine and South Afri-
ca would. upon the advent OF peace
and liberated shipping. become avail
able to tie European market has ere
ated a great deal Of apprehension On
the part Of corn holderB This decline
has spread fear among swine growers
that a similar reduction In the prices
Of hogs would naturally follow. More
over. the lower range OF corn prices
would, IL Incorporated In a lS-to-l ra-
ito, obviously result IA u continuously
falling price for live hogs. In view
All lhC9G AldlEtA -
swine producers anticipated lower
prices and as a result rushed their
hogs to market In large numbers. and
this overshIpment has added to and
aggravated the decline.
The information Of the Department
of Agriculture Indicates that the sup
ply OF hogs has increased about 8 per
cent, While the highest unofficial esti-
mate does not exceed 10 per cent. In
creased production over last year. On
the other hand. the arrival OF hogs
during tire last three weeks I'm the
seven great markets has been q per
cent. more than last year. during the
corresponding period, demonstrating
the unusually heavy marketing Of the
available supply. In the face OF the
excessive receipts some packers have
not maintained the price agreed last
month. ON the other hand, man
OF the packers have paid over the
price offered to them In an endeavor
to maintain the agreed price. The re-
suit IN any event has been a failure
tn maintai the october price basis
determined upon at the September con-
ference and undertaken by h pack
krs. Another factor contributing to
the break In prices during the month
has been the Influenza epidemic; II
has sharply curtailed consumption OF
pork products and temporarily de-
creased the labor stan of the packers
about p per cent.
The exports OF 100. 100000 pounds
OF pork products for October cont
pared with about $4,000 900 pounds
in October a yes ago. and the
export orders ~placeRbie by the Food
administration for November, smoun
10 I70.0oo,0O N pounds rs contrast
I'd with the lesser exports OF
9s. 0OO.OO for November, 1917. The
Increased demands OF the allies are
continulng, and are In themselves
pro"f " the necessity for the large
production for which the Food Admin
port demands appears to be amply
sufficient To take up the Increase in
hog production, but un~favOrabie mar
ket conditions existing In October at
lord no fair index of the aggregate
supply n demand.
It must he evident hat the nor
nous shortage In fats I'm the Central
Empires and neutral countries would
immediately upon peace result In nd
Iitiunal demands for pOiv products
which, on top of the heavy shipments
q the Allies. would tend materially
q increase the American exports, in
nSmuch a. no considerable reservoir of
supplies exists outside Of the United
States. Ii seems probable that the
present prospective supplies would be
inadequate 10 meet this world demand
vith the return to peace. So far rs 1t
possible TO interpret this fact. 1t ap-
Gears that there should be even a
stronger demand for pork products
after the war, and therefore any alarm
Il hog producers as TO the effect Of
neace is unwarranted by the outlook.
I'm the light Of these circumstances
it is the conclusion of he conference
hat attempts TO hold the price Of hogs
o the price of corn nay work out to
ne disadvantage OF pork producers.
IL is the conclusion that any interpre-
tation of the formula should be q
BROAD SauSrH poiiSS aPpiieu o'ei
long period . 1t is the opinion OF the
conference that In substitution OF the
previous plans OF sterilization the
Live stock Subcommittee Of the Agri-
Advisory Board. together with
the specially invited swine representa-
lives. should accept the Invitation OF
the Food Administration TO join with
the Administration and the packers In
determining the prices at which con-
export orders are TO be placed.
This will be regularly done. The In
nuence Of these orders will be directed
to the maintenance Of the common OBJ
jecttnamely, the sterilization Of the
prtee Of live hogs so as 10 secure as fur
8 Il possible fair returns To- the