Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-11-14

that attempts To hold the price of hogs
to the price OF corn may work out to
the disadvantage Of pork producers.
1t lis the conclusion that any interpre-
,ation OF the formula should be Il
broad gagged policy applied over Il
long period 1t Is the opinion of the
conference that in substitution OF the
previous plans OF sterilization the
Live Stock Subcommittee Of the Agri-
cultural Advisory Board, together with
the specially invited swine representa-
tives. should accept the invitation OF
the Food Administration to join with
the Administration and the packers In
determining the prices at which CON
trolled export orders are to be placed.
This will he regularly done. The In
nuence OF these orders will be directed
TO the maintenance of the common OBJ
iect-namely. the stabiIizatlon of the
ice Of live-hogs 50 Ms to secure as far
IS POSSIBLE fair returns 10 the
rttnuctr ana the insurance or ali nue.
GHate future supply.
These foreign orders are placr,,
upon the basis OF cost Of hogs 10 the
packers
AS the result OF long negotiations
between this body and the Packers
Committee, representing the AZ to SO
pacIers participating in foreign or.
ders, together with the Allied BUYERS
III! under the Craftsmanship of the
rood Administration, the following un.
dertaIlng has been given by the pack.
ers:
In view Of the undertakings on the
part OF the Food Administra ton with
regard to the co.ordinated purchases
o. pork products, covered in the at.
'ached. II Is agreed that the packers
participating In these orders will I'm.
dertake not to purchase hogs fox less
than the following agreed minimums
for the month Of November, that is a
daily minimum Of $3.50 per hundred
pounds on average OF packers droyes
excluding throw-outs Throw outs
to be defined as pigs under l3C
poIhds, stays, bears, thin sows and
skips. Further, that no hogs Of an,
kind shall be bought, except throw
outs, at less than $3.50 per hundred
pounds. The average Of packers
droyes to be construed as the average
OF the total sales In the market of al
hogs for a given day. All the above
TO be based on Chicago.
We agree that committee shall be
appointed by the Food Administration
to check the daily operatio in the
various markets with view to super
vision and demonstration OF the carry
ing out OF the above.
The ability Of the packers to carr,
out this arrangement will depend OF
there being normal marketing Of
hogs based upon the proportionate in
crease over the receipts Of last year
The Increase in production appears t.
he maximum OF about II per cent
| u''Nt wv 'fI iihllNt' NuNIl III liitIpINp,
II the producers OF hogs should, a,
they have In the past few weeks, pre-
mnturey market hogs In such increas
Ing numbers over the above 1t Is en-
| tircly beyond the ability Of the pack
ers to maintain these minimums, am
therefore We must have the co-opera
tlon " the producer himself to main
| tain these results. It is "A physlca
mpossibilty for the capacity Of tn,
packing houses TO handle n similn
over-hood Of hogs and to find a mnrke
for the output The packers are anx
ious to cooperate with the producer
IN maintaining a Sterilization Of prize
and to see that producers receive a fal
price for their products.
tSgned) THOS. +. WILSON,
Chairman Packers Committee.
The plan embodied above was adopt
ed by the conference.
The Food Administrator has appoint
cd a committee, comprising Mr.. Thoma,
Il. Wilson, chairman Of the Pack
ers' Committee; Mr. Everett Brown
president Of the Chicago Livestock TX
change Major Roy Of the Food Al
mlnlstration, Mr.. Louis D. Hall Of tn
Bureau OF Markets, to undertake tn,
supervision OF the execution Of tn
plan In the various markets, Comm!s