The Lamar register., 1918-11-27
lsions Of the conference were ns follows:

the specially Invited swine representa-
tives, should nccept tie invitation OF
the Food Administration to join with
the Administration and the packers In
determining the prices Mt which con
trolled export orders are 10 be placed.
This will he regularly done. The in
fiuence of these orders Will be directed
to the maintenance of tile common OBJ
ject-namely. the stablliZation of the
price of live hogs so as to secure as far
as ii is possible fair returns 10 the
producer and the Insurance of M ade-
guats future supply.
These foreign orders are placed
upon the busls Of cost Of hogs 10 the
packers
As the result Of long negotiations
between this body and the Fuckers
Committee, representing the ~ TO 20
packers participating in foreign or
ders, together with the Allied buyers.
all under the Craftsmanship OF tho
Food Administration, the following un.
dertaking has been given by the puck
ers
In view of the undertakings on the
part of the Food Administration with
regard 10 The cO-ordlnated purchases
OF pork products. covered in the at
tached, It Is agreed that the packers
participating In these orders will un-
dertnke not TO purchase hogs for less
than the following agreed mlnlmums
for the month of November, that Is
daily minimum OF s17.J0 per hundred
pounds on average OF packers droyes.
excluding throw outs. "Throw-outs"
to be defined as pigs under 1870
pounds, stags. boars, thin sows and
skips Further that no hogs of any
kind shall be bought, except throw
outs. Mt less than SIG.5O per hundred
pounds. The average of packers
droves TO be construed as the average
Of the total sales IN the market OF all
hogs for given day All the above
to be based on Chicago.
We agree that a committee shall he
appointed by the Food Administration
to check the daily operations Ia the
various markets with view to super
vision and demonstration OF the carry
Ing out OF the above.
The ability OF the packers 10 carry
out this arrangement Will depend on
there being normal marketing Of
hogs based upon the proportlonate In
crease over the receipts OF last year.
The Increase In production appears to
be n maximum of about IS per cent.
and we can handle such an Increase.
II the producers Of hogs should, as
they have In the past few weeks, pre-
mnturely market hogs In such increns-
Ing numbers over the above II Is en-
tirely beyond the ability of the pack
ers to maintain these minimums, and
therefore we must have the cO-opera-
tion of the producer himself to main
tain these results. II is physical
imposslblllty for the capacity Of the
packing houses to handle similar
over-flood Of hogs and TO find a market
for the output. The packers are nnx-
ious to cooperate with the producers
In maintaining a stabillzation OF price
and to see that producers receive
fair price for their products.
(Slgned) THOS. L. WILSON,
Chairman Packers Committee.
The plan embodied above was adopt
ed by the conference.
The Food Administrator has appoint
ed a committee, comprising Mr.. ThOm-
as Z. Wilson. chairman of the Pack
ers' Committee; Mr.. Everett Brown,
president OF the Chicago Livestock Ex-
change Major Roy of the Food Adj
minisiration. Mr.. Louis D Hall Of the
Bureau OF Markets, to undertake the
supervision of the execution Of the
plan In the various markets. Commits
sion men are asked TO cooperate In
carrying out the plan embodied In the
packers agreement. Ii must be evil
dent that offers by commission men TO
sell hogs below the minimum estab-
lished above Is not fair, either to the
producer or the participating packers.
Mr. Brown has undertaken on behalf
of the commission men In the United
States that they Will Loyalty support
the plan.
1t is believed by the conference that
this new plan, based as IL is upon n
positive minimum basis, VIII bring bet
Ter results to the producer than aver
age prices for the month. 1t does not
limit top prices and should narrow
the margins necessary to country buy
ers In more variable markets. 1t Is
believed that the plan should work out
closa To SIS average