Cheyenne record., 1918-11-28

piouuScI anu the insurance OF an ade-
quate future supply
These fCrei;;z, orders are placed
upon ~, ISIS C. cost of hogs to the
packers.
AS the resnt. of lons negotiations
between this body and the Packers
Committee, representing the 40 TO 80
packers participating in foreign or
ders, together with the Allied buyers,
all under the Chairmapship of the
Food Administration the following un-
dertaking has been given by the pack
ers:
In view of the undertakings on the
part OF the Food Administration with
regard, to the cO-ortlinated purchases
OF pork products covered in the at
tached, 1t Is usreed that the packers
participating in these orders will un-
dertnke not to purchase hogs for less
than the following agreed m!nimums
for the month of November, that is A
daily minimum of $3.50 per hundred
pounds on average of packers drovcs,
excluding throw-outs. "Throw outs"
to be defined as pigs under $50
poIrdS. stays. boars, thin sows and
skils. Further that no hogs of any
kind snail be bought, except throw
outs, at less than $1G50 per hundred
| pounds. The average of packers
! droTcs to be construed rs the average
of the total sales in the market of all
hogs FOR given day. All the above
to be based on Chicago.
We agree that n committee shall be
| appointed by the Food Administration
, to check the daily operations in the
| various markets with Il view to SUPER
vision anC-dcmons:ration of the carry
| ing out of the above
The ability of the packers to carry
out this arrangement will depend on
| there being II normal marketing OF
| hogs based upon the proportionatc in
| crease over the receipts OF last year
| The increase in production appears to
| he Il maximum of about Is per cent
and we can handle such an increase
If the producers of hogs should, as
| they have in the past fcw weeks, pre-
| maturely market hogs in such increas-
| ing numbers over the above 1t is en-
| tirely beyond the ability of the pack
! crs to maintain these minimums, and
| therefore we must have the co-Opcra-
| ton of tho producer himself to MAIN
tain these results. II is physical
! imposSibi!ty for the capacity of the
| packing houses to handle n similar
over-lood of hogs and to find n market
| for the output. The packers are anN-
| ious to cooperate with the producers
in maintaining n siabiliZation of price
and to see that producers receive a
fnjr pI,p for thpir DrOIuctS
(Signcd) THOS Il. WILSON.
Chairman Packers Committee.
The plan embedded above was adopt
ell by the conference
The Food Administrator has appoint
ed n committee, comprising Mr.. Thom-
as L. Wilson, chairman of the Pack
crs' Committee; Mr.. Everett Brown,
| president of the Chicago Livestock EX-
change: Major Roy of the Food Adj
minstraticn. Mr.. Louis ID. Hall of the
Bureau of Markets, to undertake the
supervision OF the execution of the
plan In the various markets. Commits
sion men are asked to cooperate in
carrying out the plan embodied in the
| packers agreement. 1t must be evil
dent that offers by commission men 10
! sell HOGS DclOW INC illHlll1ulll CSlaD-
ishcd above is not fair, either to the
J producer or the participating packers.
Mr.. Brown has undertaken on behalf
If the commission men in the United
States that they will loyalty supper.
The plan
II Is believed by the conference that
his new plan, based as 1t is upon a
positive minimum basis. will bring bet
er results to the producer than aver
age prices for the month. 1t does not
init top prices and should narrow
he margins necessary to country buy
,rs in more variable markets. 1t Is
believed that the plan should work out
lose to SIS average.
Swine producers of the country viii!
contribute TO their own interest by
1ot flooding the market, for It must be
evident that If an excessive over per-
.cntage of hogs Is marketed In any
)nc month price stabilizniion and con-
.rol cannot succeed, and 1t is certain
hat producers themselves can contri-
,ute materially TO the efforts of the
conferences If they will do their mark
citing In as normal a way rs possible.
The whole situation as existing at
present demands u frank and explicit
assurance from the conferees, repre-
sented namely. that every possible
affnri will he made to maintain a live
1og prize commensurate with swine
production costs and reasonable sell
. atJes III execution of the declnr-
al poii,.s Of he Food Administration
4r JUS ever ency in its control 10
iIs he furmer.
I -.' ion methods adopted
u rr's.enr the hest eff
s-oncurr"d In
is.s.ra,ion AID the