The Meridian times. (Meridian, Idaho) 1909-1938, 1919-01-03


The entire marketing aituatio2 has
40 changed SINGS the September joint
conference as to neceasitats sn cntire
alteration In the plans Of prizes stabi-
lizstion. The carreat peace talk has
alarmed the holders Of cora, and there
has been a price aecliae of from 20
cents to 40 cents per bushel The fact
thar the accommodations Of Law priced
corn In the ArseAtins ana South Afri-
ca would, upoR the advent OF peace
and liberated shipBiRg, become availa-
BILE to the EuropeaA market has Gre
ated great deal Of apprehension on
the part Of cern headers. This decline
has spread fear among wwine growers
that similar reducttsn In the prices
Of hogs weuld naturally follow. More
ever. the lever raaae ef cora prices
would, IL incorporates In q 1S-to-1 rs-
tie. obviously result In q continuously
falling price for live hSgs. In view
OF these chaageA csAaitiohs many
swine producers anticipated lower
prices and as a result rushed their
hogs to market In large aumbers, and
this eyershipneRt has added to and
aggravated the decline. s
The information OF the Department
of Agriculture indicates that the sup
ply Of hogs has increased about 8 per
cent. while ths highest unofficial esti-
mate dses not exceed 10 per cent. In
creased production evsE 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 thaR last year, during the
corresponding period, demonstrating
the unusually heavy marketing OF the
available supply. In ths face Of the
excessive receipts some packers have
Rot maintained the price agreed last
menth. On the other hand. many
&c tina packers have psid ever the
price offered 60 them In an endeayor
to msintaih the agreed price. The re-
Sult in. any eyeRt has been failure
70 maintain the October price basis
determined upoa at the September cea-
terence and undertaken BY the pack
els. Another factor contributing to
the break In prices during the month
has been the infuAaza epidemic; 1t
has sharply curtailed consumption of
pork products and temporarily de-
creased the Labor sta1S at the packers
about Is per ceat.
The exports of 1eo. coo 600 pounds
Of EsorR prsdncts for October com
pared with sesut 62soo0. coo pounds
in October a year ago. and the
export orders placesble by the Food
Reconsideration for November, amount
to 17QO0O, 900 poaRds as contrast
ed with the lesser exports OF
Ss,O0O, 900 for November, 1Sl7. The
increased demands of the allies are
Continuing, and are in themselves
proof OF the necessity fer the large
production for WHICH the Feed Admin
istrStioR asked. The increase In ex'
sort demands appears to be amply
SufictARt 10 taSc up the increase In
hog production, but snfaversbie mar
ket con ditions existing In October az
FORE no fair index Of the aggregate
supply and dernaAa.
It must be evident that the enor,
nous shortage in fats in the Central
Eyapires aRa neutral c@umfrieS weuic
Immediately upoa peace result In al
ditional demands for pork products
which. On toy az the heavy shipments
TN the AllieS, weuid teRd materially
10 fpcreasa the American exports. in.
asnuch ~ no considerable reservoir Of
supplies exists outside OF the Unitea
States. 1t seems probable that ths
present prospective supplies wesid Dc
inadequate TO meet this weird demand
with the return to peace. 50 Tar as u
is possible to interpret this fact, IL ap
pesrs. that there Rhould DO even
stronger demand FOR pork products
after the war, and therefore aRy alarm
of hog producers as to the effect o.
peace is uawarranted BY the outlook.
In the light of these circumstances
IL is the conciusion or the conference
that attempts to held the price OF hogs
"a the price OF. cora may work CUT u
tbs disadvantage OF pork producers
II is the conclusion that any inteTpre
tatten of the fermula should be
bread gauged policy applied over
long period IT 10 the opinion OF the
conferences that in substitution Of the
previous plans Of Sterilization tbs
Live stock Subconmittee OK the Asri
cultural Advisory Board, together with
the specially invited swine representa-
Urea should aeesrr the invitation q
the Food Administration to join wits
che Administration and the packers II
determining the prices at which con
trolIed export orders are % De placed
This VIII be regularly done, The In
asepce Of these orders wiz be directed
70 the maintenance o. the Common %
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