The Butler weekly times and the Bates County record. (Butler, Mo.) 1918-1950, 1918-11-21

Il
Agricultural Advisory Board and the
industry to consider the situation In
The conference lasted for three
executive committee Of the tifty pacl
Il for pork products and with the memh
Il foreign pork purchaser
The conclusions Of the conference
The entire marketing situation hal
70 changed since the September joint
\ conference a. to necessitate an entire
alteration in the plans Of price stabi
4 lization. The current peace talk has
alarmed the holders of corn, and there
has been price decline Of from q
cents to 20 cents per bushel, The fact
that the Accommodations 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 Gre
ated great deal Of apprehension on
i the part Of corn holders. This decline
has spread fear among swine grower.
that. q similar reduction in the prices
OF hogs would naturally follow. = More
overS the lower range Of corn prices
would, II Incorporated in l3-to-1 ra-
Ito, obviously 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 overshipment has added to and
aggravated the decline. r.
The information Of the Department
Of Agriculture indicates that the sup
ply Of hogs has increased about 8 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
q of the packers have paid over the
price offered to them In nm entleavOr
to maintain the agreed price. The re-.
suit in any event has been 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; It
has sharply curtailed consumption OF
pork products and temporarily de-
creased the labor staff Of the packers
about Is per cent. ~.
The exports of l3O.OO0,O0O pounds
of pork products for October COM
pared with about 52,O0O,OO0 pounds
in October a year ago, and the
export orders placeable by the Food
Administration for November, amount
to 17OO0O.000 pounds as contrast
ed with the lesser exports of
100000 for November. 1917. The
luCEeASeu VtH1Un00 "a tnS uuiSC "iS
continuing, and are In themselves
proof OF the necessity for the large
production for which the Food Admin
istration asked. The Increase In ex-
port demands appears to be amply
SUFFICIENT to take up the Increase In
hog production, but unfav0rable mar
ket conditions existing In October at
ford no fair index Of the aggregate
supply and demand.
It must be evident that the enor-
nous shortage in fats In the Central
Empires and neutral countries would
immediately upon peace result In ad-
ditional demands for pork products
which, on top Of the heavy shipments
to the Allies, would tend materially
to Increase the American exports, In
asmuch a. no considerable reservoir Of
supplies exists outside OF the United
States. II seems probable that the
present prospective supplies would ba
Z inadequate to meet this world demand
with the return to peace. So far ~ It
Ii possible to Interpret this fAct< Il APP
pears that there should b. even .
stronger, demand TOR pork products
afterths war. and therefors any alarm !
:. o. 6ee pse1nessa -, - tie eject of /
!. peanS 6pnWaIrapts1 ~ tie outlook.
!. "a ~ ueA4 q thsss e3scustancss
tie II IL e4eau66oa o. tn coafefence |
! bat attempte % hoad 'tAs price Of hogs |
!: q IL prics b corn may WORK out to
| ne disadvantage Of pork .prcducera.
Il = the cone1usson that any inteEprG
tation q H. formula should b. .
breed sluesd policy applied over
Ion2 period Il y To cpinion Of the
conference that IN subGtitution Of the
.peeyiouo Plans II stebilisatioo the
fivS sock SubeoGlu1lttoe oe the Aeri- I
sxlsurql Advisory Board togcther With
~ spacially Invited swine rspesetpta-
tiyea aAo1ld aecspt the invitation Of
- No q nlnistratien to joln VIII
80 z ni61S a1atien and IT, yaekSls =
11fS5l Sl6lSe ~ pesces af wAecn 60
- 4