The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1918-11-26

The conference lasted for three da
executive committee of thesfifty packin
for pork products and with the member
foreign pork purchases.
The conclusions Of the conference
The entire marketing situation has
so changed since the September joint
conference as to necessitate an entire
alteration in the plans OF price stabi-
iization. The current peace talk has
alarmed the holders of corn, and there
has been a price decline Of from %
cents to 40 cents per bushel. The fact
that the accumulatiens of low priced
corn in the Argentine and South Afri-
ca would, upon the advent of peace
and liberated shipping, become availa-
BILE to the European market has Gre
ated a great deal of apprehension on
the part of corn holders. This decline
has spread fear among swine growers
that a similar reduction in the prices
of hogs would naturally follow. More
over, the lower range Of corn prices
would, IL incorporated in q 13-to-1 ra-
tio,-ebviously result In continuously
falling price for live hogs. In view
Of these changed conditions many
swine producers anticipated lower
prices and as a result rushed their
hogs to market in large numbers, and
this oyershipment has added to and
aggravated the decline.
The information OF the Department
of Agriculture indicates that the sup
DIV of hogs has increased about 8 per
cent, while the highest unofficial esti-
mate does not 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 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
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 in any event has been a failure
TO maintain the October price basis
determined upon at the September con
i terence and undertaken by the pack
ers. Another factor contributing tt
the break in prices during che month
has been the influenza epidemic; i
has sharply curtailed consumption o
!; nork products and temporarily de
) creased the labor staff Of the packer
about % per cent.
The exports of 130,OO0,0O0 pound
Of pork products for October com
. nared with about 100000 pound
!. in October q year ago, and TN
e,nort orders placeable by the Foo
Administration for November, amour
. to 10000 900 pounds as CONTRAST
cd with the lesser exports Q
or 600 600 for November. 1917. In
increased demands Of the allies ar
continuing, and are In themseiVe
proof of the necessity for the Iars
! production for which the Food AdmlI
Iteration asked. The Increase in e.
MORT demands appears to be amp.
euAicient to take up the increase
hog producti IN, but unfayoraple ma
tet conditions existing in October a
fora M fair index Of the aggrega'
supply and demand.
IT must be evident that the emu
mons shortage in fats In the Centr
E,nn;res and neutral countries "ou
,n,mediately upon peace result IN
d;+;onaI demands for pork Rroduc
nb,cb, ON top of the heavy shipmen
: 20 tho Allies. would tend materiai
80 increase the American exports,
oSn,uch as no considerable reservoir
s,,rnl,es exists outside Of the Unit
. States. 1t seems proDaDie ina. :
e present prospective supplies woulo
l. irodaouate to meet this world dema
NTH tbe return to peace. So far as
g. nossible to interpret this fact, II
naars that there should be even
Stronger demand for pork produe
otter the war, and therefore any aial
of hog producers as to the enect
peace is unwarranted by the outlool
I'm the light of these circumstant
n Is the conclusion Of the conferer
| that attempts to hold the price OF nc
70 the price of corn may work out
81. disadvantage of pork produce
II is the conclusion that any in'erp
V tation. of the formula should De
broad gagged policy applied over
long period. 1t is the opinion OF
conference that in substitution OF
nrevious plans Of Sterilization
tive stock subcommittee OF. the Al
al cultural Advisory Board, together "
~ the specialiy invited swine represer