McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1918-11-29

for pork profncts and with the member
foreign PORK purchases.
The conclusions Of the conference
The entire marketing situation has
so changed since the September joint
conference rs to necessltate an entire
alteration in the plans of price stabi-
ilization. The current peace talk has
alarmed the holders Of corn, and there
has been PRICE decline Of from 20
cents to 40 cents per bushel The fact
that the accuInulations Of low priced
corn III the Argentine and South Afri-
ca would, upon the adr&t Of peace
and liberated shipping. become avail
able to the European market has Gre
ated great deal Of apprehension on
( the part OF corn holders. This decline
has spread fsar among swine growers
that similar reduction in the prices
of hogs weuld naturally follow. More
ioyer the lower range Of corn prices
would il incorporated in a l3-to-l ra-
tios obviofsly result In continuously
falling price for live hogs. In view
of these changed conditions many
swine producers anticipated lower
prices and as result rushed their
hogs to mgrsset in large numbers, and
this overs ipment has added to and
aggravated The decline.
The Indignation 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 rot exceed Is per cent. in
creased production over last year. On
the other hand, the arrival of hogs
during the last three weeks In the
seven great nlrkets has been 2 per
cent. more than last year dufirg the
corresponding period, demonstrating
the unusually heavy marketing of the
available sBpply. In the face or the
excessive receipts some packers have
mot maintained the price agreed last
month. .On the other hand, many
OF the paplsars have paid over the
price of1Sfes to them in an endeavor
to maintain the agreed price. The re-
suit in any event has been a failure
to maint,in the October price basis
yietcrmnea upon ut the September con
ference and undertaken by the pack
ers Another factor contributing to
the break in prices during the month
las been The influenza epidemic; II
has sharply curtailed consumption or
pork products and temporarily de-
creased the labor staff of the packers
about 25 per cent.
The exptfts Of l300e0000 pounds
of pork products for October COM
pared WITH about 52,o000oo pounds
in October year ago, and the
export orders pfaceable hy the Food
Administration for November. amount
TO 1700UG000 pounds as contrast
cd With the lesser exports OF
9s.0oo,000 FOR Noyembev, 1917. The
increased demands Of the allies are
continuing, dnl are in themselves
,roof Of tie necessity For the large
production f6r which the Food Admin
istration asked. The increase In ex-
port demands appears to be amply
sufficient to take up the increase In
hog production. but unfavorable mar
ket conditions existing In October af-
ford no fsir index Of the aggregate
supply and deuihnd.
It must be evident that the enor-
nous shortage in fats in the Central
Empires and neutral countries would
immediately ION peace result In ad-
idltional demands for pork products
which. on. top of the heavy shipments
to the Allies, would tend materially
to increase Che American exports, in
Iasmuch as nosconsIderabie reservoir OF
supplies exists outside Of the United
Estates II seems probable that the
present prospective supplies would be
Inadequate to meet this world demand
with the ratsrn to peace. So far as 4
!, Is possible 10 interpret this fact, It ap
nears that there should be even q
stronger demand for pork products
lafterlthe war, and therefore any alarm
of hog producers as TO the effect Of
lpeace is unnarranted by the outlook.
In the light of these circumstance,
liz IS the conclusion Of tfk conference
THAT ATTEMPTS to hold the price of hogs
| TO the price of corn may work out t
the disadvantage Of pcrk producers
1t is the conclusion that any interpre
tation of the formula sh5uld be {
broad gaused policy applied over
long period. II is the opinion of th'
conference that IN substitution of tht
previous plans of stabilization th,
live Stock Subcommittee Of the Agri
cultural AeviEory Board, together viii
the specially invited swine representa-
;tiyes. should accept the Invitation o
the Food administration TO join witt
the Administration and the packers II
determining the prices at which con
trolled export orders are to be placed
This will hs regularly done. The in
f,uence at these orders will be directe'
ito .he nlaatenanee Of the common oh
iiect-nalNly, the stabiiization of tn
price Of live hogs so as to secure as Ia
las 1t is possible fair returns to thi
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