The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1918-11-21


~ Importance 10 special branches of
convened In Washington meeting q
Agricultural Advisory Board and the
Industry to consider the situation in 4
The conference lasted fcr three d
executive committee Of the hffy rack'
lbr pork products aud with the ncmbs
lDreign pork purchases.
The conclusions of the conference
The enilr. marketing situation has
% changed since The September loln'
conference as to nrccssltnie an entire
attention IN the plans ~ price slabi'
nxaton. The current pence talk has
alarmed the holders Of corn. and there
has been IA price decline Of from =
cents 10 40 cents per bushel The facl
that the Accommodations 81 low priced
corn In the Argentine and South am
ca would. upon the advent Of peace
and liberated shipping, become availn'
BILE to the European market has Gre
ated q great dcal Of apprehension on
the part Of corn holders. This decline
has spread fear among swine growers
that similar reduction IN the prices
of hogs would naturally follow. More
over, the lower range Of corn prices
would. ~ incorporated In a i3-to-l RI
10, obviously result In a continuously
falling price for live hogs. In view
q these changed conditions many
swine producers anticipated lower
Drices and as n result rushed their
haes to market in large numbers. and
sAis overshlpmenf hns sdded to and
aggravated the decline
The Information Of the Department
u Agriculture indicates that the sup
ny Of hogs has Increased nbout per
cent. while the highest unofficial estl-
mate does not exceed 10 per cent. In
ereased production over last year On
ire other hand. the arrival OF hogs
0uTlng iUe lahN Nhl't WINS '" 'N
seven great markets has been - 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
uot maintained ID, price agreed last
month On the other hand, many
Of the packers have paid over the
price offered TO them IN m endravor
% maintain the agreed price The re-
sult In any event has been fmilure
20 maintain the October price basis
determined upon AZ the September con
terence and undertaken by the pack
en-. Another factor contributing q"
me break In prices during the mouth
has seen the Influenza epidemic. Il
has sharply curtailed consumption OF
pork products and temporarily de
creased the labor SIAN OF the packers
about - rer cent.
The exports Of l30 100000 pounds
Of pork products for October com
pnred WITH about 52.ooo,0o0 pounds
IN October year ago, and the
erport ur,lrrs plnccHhle by the Food
Administration for November amount
10 i7Ooo0ooO pounds Ms contrast
ed with the lesser exports ~
ps. 900 600 for November, lsla The
Increased demands OF the allies are
continuing. and are I'm themselves
u-oof OF the necessity for the large
producrIon for which the Food Admin
istratinn asked The increase In ex-
mort demands appears To he amply
sufyicIent 20 tLko up the Increase W
hog product ~. hut unfavornhle mar
Ret conditions existing In October hf-
fprd no fair index Of the aggregate
supply and demand
IN must be evident that the enor-
nous shortage IN fats In the Central
Empires and neutral countries "ohlH
Immediately upon peace result IN nd-
cttional demands for pork products
which on top OF the heavy shipments
m the ALLIES would tend materially
N Increase the American exports IN
ssmuch rs no considerable reservoir or
.,pplles exists outside Of the United
States II seems probable that ihe
urrssnt prospective supplies Nouid be
iua,ieaunt. 10 NEE; Ibis world demand
With the return 20 pence. SO far us u