The Garland City globe. (Garland, Utah) 191?-1925, 1918-11-21

for pork products and with the membe
foreign pork purchases.
The conclusions Of the conference
Tho entire marketing situation has
90 changed since the September Joint
a. to pscessitats an entire
alteration in the plans Of price stabi-
iiEation. The current peace talk has
alarmed the holders Of corn, and there
has been q price decline Of from 70
cents to 10 cents per bushel. The fact
that the Accommodations Of low priced
corn In the Argentine and South Afri'
Ica would. upon the advent Of peace
and liberated shipping. become avail
able to the European market has Gro
ated q great deal Of apprehension on
the part Of corn holders. This decline
has spread fear among swine growers
that q similar reduction In tho prices
Of hogs would naturally follow. More
over, the lower range Of corn prices
would, II Incorporated in q 18-to-1 ra'
ito, obviously result In q continuously
falling price for live hogs. In view
Of these changed conditions many
swine producers anticipated lower
prices and rs 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 pei
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 the last three weeks In the
seven great markets has been "a pei
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 las
month. On the other hand, many
of the packers have paid over the
price offered to them In an endeavoi
to maintain the agreed price. The 70
suit In any event has been a failure
to maintain the October price basis
determined upon ut the September con
ference and undertaken by the pack
ers. 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 Is per cent
The exports of 130.0oo,0oo pounds
Of pork products for October com
pared with about 100000 pounds
In October q year ago. and the
export orders piaceabls BY the Food
Administrator for November. amount
70 l7o,o00.000 pounds a. contrast
ed with the lesser exports OF
$4,000, 900 for November. 1el7. TIT
Increased demands. Of the allies arr
continuing. and are In themselves
proof of the necessity for the iarg'
production for which the Food Admin
istration asked. The increase In eI
port demands appears to be ampl,
sufficient to take up the increase II
hsg production, but unfavorable mar
ket conditions existing In October af
ford NO fair index OF the aggregate
supply and demand.
II must BE- evident that the enor
nous shortage In fats In the Contra
Empires and neutral countries woul'
Immediately upon peace result In nd
ditional demands for pork product
which, ON top of the heavy Shipment
to the Allies, would tend MATERIAL!
to Increase the American exports, In
asmuch as no considerable reservoir o.
supplies exists outside Of the Unitet
States. II seems probable that thu
present prospective supplies would b'
inadequate to meet this world demand
with the return to peace. So far as i
is possible to interpret this fact. It ap
pears that there should be even
stronger demand for pork product
after the war, and therefore any alarm
of hog producers as to the effect o
peace is unwarranted by the outlook.
In the light Of these circumstances
n ia the conclusion Of the conference
that attempts to hold the price OF hog
to the price of corn may work out q
the disadvantage Of pork producers
II Is the conclusion that any interpre
tatIon Of the formula should be
broad gagged policy applied over
long period. 1t 10 the opinion OF tn
conference that in substitution OF thu
previous plans Of sterilization thu
Live Stock Subcommittee Of the Agri
cultural Advisory Board, together with
the specially invited swine representa-
lives should accept the invitation o.
the Food Administration to join witt
the Administrator and the packers II
determining the prices at which con
trolled export orders are to be placed
This win be regularly done. The In
fiuence of these orders will be directed
NJ the maintenance of the common OBJ
iect-namely, the sterilization of tn
price of live hogs so as to secure as Ia
as It u possible fair returns to tn