The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1918-11-14

S~.eSS"Su ~ Vo0AAA8kVu q WcSIA8B u
Agricultural Advisory Beard and the o
industry to consider the situation in tn,
The conference lasted for three da
executive committee Of the fifty packiz
for pork products and with the member
foreign pork purchases.
The conclusions Of the conference
The entire marketing situation has
% changed since the September Joint
conference as to necessttate an entire
alteration in the plans Of price staba-
llzatfon. The current peace talk has
alarmed the holders Of corn, and there
has been price decline Of from %
cents to 40 cents PEI bvshel. The fact
that the accumulations Of lew priced
corn in the Argentine and South Afrb
ca would, upon tie sdveat of peaes
and liberated chipping, become svaila-
BILE to the European market has a.
ated great deal e apDrshensiaa -
the part Of corn holderA This Aes3i1e
has spread fear among swine grovsss
that similar reductioa IN the prices
Of hogs would naturally solIow. Moro
ever, the lower range & sen ueasss
would. Il incorporated u . 1s-ts-1 -
Ito. obviously result - . ssatiausaaly
failing Price 1sr Ne hsgA n vsew
Of these changed eeaotbens 1aa0g
swine producers snodpatsa 0sss
prices end - q rezHA s1sAeA 0alf
hogs to market 10 Iaege aunbeeA a16
this sveEshipnent he's ad1sd 70 and
aggravated the decline.
The iaeesaasiea Of The Department
Of Agriculture indicates that ths saD-
ply Of hogs has Increased abo1k 8 ~
cent, while the highest unofficial esti-
mate does net exceed IS per cent -
creased production over last year. o.
the other hand, the arrival Ct hegs
during the last three weeks n Tie
seven great markets has been n Per
cent moro than last year. during TIE
corresponding period, Demonstrating
the unusually heavy MARKETING se tAs
available supply. In the faee Of ths
excessive receipts some packers have
not maintained the price agreed hast
month. On the other hand, many
OF the packers have puid over the
price offered to them in an endeavor
to maintain the agreed price. The re-
suit in any event has been failure
to maintain the October price basis
determined upon at the September con-
terence and undertaken by the pack
ers. Another factor contributing to
the break in prices during the month
has been the influenza epidemic; it
has sharply curtailed consumption of
pork products and temporarily de-
creased the labor staff Of the packers
about % per cent
The exports of 100000 pounds
Of pork products for October COM
pared with about 100000 pounds
In October a year ago, and the
export orders placeable by the Food
Administration for November, amount
to 17O,OUo,OOO pounds as contrast
ed with the lesser exports OF
eS.OOO,OOO for November, 1917. The
Increased demands of the allies are
continuing, and are In themselves
proof of the necessity for the large
production for which the Food Admin
istration asked. The increase in ex-
port demands appears to be amply
sufficient to take up the increase In
hog product ~, but unfavorable mar
ket conditions existing In October al
ford no fair index Of the aggregate
supply and demand.
II must be evident that the enor-
nous sls,rtage in fats In the central
Empires and neutral countries would
Immediately upon peace result In ad-
ditional demands for pork products
which, On top Of the heavy shipments
to the Allies, would tend materially
to Increase the American exports In
asmuch as no considerable reservoir OF
supplies exists outside of the United
States. 1t seems probable that the
present prospective supplies would be
Inadequate to meet this world demand
with the return to peace. So far as it
is possible to interpret this fact, 1t ap-
pears that there should be even q
stronger demand for pork products
after the war, and therefore any alarm
of hog producers as to the effect Of
peace is unwarrnnted by the outlook.
In the light Of these circumstances
II is the conclusion Of the conference
that attempts to hold the price Of hogs
to the price Of corn may work out to
the disadvantage Of pork producers
Il Is the conclusion that any interpre-
tation Of the formula should be q
broad gagged policy applied over 81
long period. It u the opinion Of the
conference that In substitution Of the
previous plans Of sterilization the
Live Stock Subcommittee Of the Agri.
cultural Advisory Board, together with
the specially invited swine representa-
dives, should aecspt the invitation oil
the Food Adnanfst1ak1on to JOIN With
the Adnnanagtyne1so ID the packers In
~ pstess at which &C.,
troaed expart ssdsss a. to Be paassd
This vn 10 .aeunly Aona. IL ~
nnn0 6 tAsoe sDdnD vlll b d1SosoD1
- ~ na1uanaD q - OomD1o OAr|