Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1918-11-21

for pork products and with the memt
foreign pork purchases
The conclusions of the conferenc
The entire marketing situation ha
so changed since the September join
conference as TO necessitate an entir
alteration In the plans of price stab
lization. The current peace talk ha
alarmed the holders of corn, and Their
has been a price decline of from p
cents TO 40 cents per bushel The fac
that the denominations of low priced
corn in the Argentine and South Afri
ca would, upon the advent of peace
and liberated shipping, become avail
able TO the European market has ere
ated a great deal of apprehension on
the part of corn holders. This decline
has spread fear among swine growers
of hogs would naturally follow. More
over, the lower range of corn prices
would, il Incorporated In a l3-tO-1 ra-
ito, obviously result in continuously
of these changed conditions many
swine producers anticipated lower
prices and as 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 per
cent, while the highest unofficial estl-
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 q 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 |
not maintained the price agreed last |
month. On the other hand, many
of the packers have paid over the
price offered TO them in an endeavor
to maintain the agreed price. The re-
suit i'm any event has been a failure
to maintain the October price basis
determined upon at 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; 1t
has sharply curtailed consumption of
pork products and temporarily de-
creased the labor staff of the packers
about % per cent.
The exports of 130,000,000 pounds
OF pork products for October COM
pared with about 52000,0OO pounds {
In October year ago, and the |
export orders placeabe by the Food
Administration for November, amount
to 170,000000 pounds as contrast
ed with the lesser exports Of o
9S,000000 for November. 1917. The
Increased demands of the allies are .
continuing, and are in themselves z
proof of the necessity for the large o
production for which the Food Admin n
asked The increase in ex- @
port demands appears to be amply n
sufficient TO take up the increase in r
hog production, but unfavOrable mar :,
ket conditions existing in October af- nj
ford no fair index of the aggregate 81
supply and demand. e.
1t must he evident that the enor- n,
nous shortage in fats in the Central d,
Empires and neutral countries would 50
upon peace result i'm adj Ii,
litional demands for pork products n,
chi fnr If ha ..hf ~
o the Allies, would tend materially of
o increase the American exports, in 81
smuch as no considerable reservoir of IN
upplies exists outside of the United
states. 1t seems probable that The fin
resent prospective supplies would be 10
inadequate to meet this world demand to,
nth the return To peace So far as it no
; possible TO interpret this fact. il ap- lin
ears that there should he even tn
fronger demand for pork products err
fter the war, and therefore any alarm he
f hog producers MS to the effect of clio
eace is unwarranted by the outlook.
In the light of these circumstances col
is the conclusion of the conference no
lat attempts 10 hold the price of hogs evi
the price OF corn may work out to ceI
le disadvantage of pork producers on,
is the conclusion that any interpre- fro
ton of the formula should he a tina
Dad gagged policy applied over a but
ng period 1t is the opinion of the con
inference that in substitution of the ETH
evious plans of sterilization the I
We Stock Subcommittee of the Agri- pre-
ltural Advisory Board, together with ass
2 specially invited swine representa- sen
res. should accept the invitation of eifo
e Food Administration to join with hog
Q Administration and the packers i'm pro
termining the prices at which con ing
)lled export orders are to be placed. poll
lis will be regularly done. The in 10
ence of these orders viii be directed secl
the maintenance of the common oh +
the sterilization of the for
ice of live hogs SO as 10 secure as far fort