Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1922-06-30
] FARMERS SHOVE
MARKET UPWARD
HOGS HIGHER AT SOUTH ST. PAUL,
THAN OTHER WESTERN
H.. POINTS

(By Farm Bureau News Serviee) !
Something has happened to the hog
market at south st. Paul. 1t has ac.
quircd the habit Of being higher than
other western markets. II .-.~
In fact, according to j.. F. Reed,
president Of the Minnesota Farm Blu
reau federation, the prices paid for
hogs this year at the South st. Paul
market. are more nearly equal to Chi
cago prices than they have been fol
many long years. Never>is a long time,
but Mr.. Ieed, who has been raising
and marketing livestock most Of his
life, and watching market reports at
the same time, believes that Minnesota
farmers marketing hogs at South St.
Paul never before have received prices
that were SO high il comparison with
the prevailing prices on the Chicago
market. f..
"Market statistics this year consis-
tently show South st. Paul hog prices
ranging higher than the prices at Sioux
City and Omaha,' Mr.. Reed said.
Experienced statesmen on the South
st. Paul market have been wondering
about it. They couldn't see why the
South st. Paul hog market was run
ming SO close to the price level Of the
Chicago market. But when you in
vestigate market statistics, it isn't
hard to find out what has happened to
the hog market at South st. Paul.
cit can be explained in one word
cooperation.
''!Ihere is a. new element in mar
keting livestock at South st. Paul to-
day. The farmers Of Minnesota, CO.
in Wisconsin, North Dakota and South
Dakota, are marketing nearly one third
of all their livestock through their
own terminal agency.
Gin the first five months Of this year,
the Central Cooperative Commission
association handled 5,s49 carloads Of
| livestock. The whole market handled
! only 23,oS7 cars.
"In the first five months Of this year,
the farmers own agency handled 2S2,-
TAG hogs.
| "The farmers were sending more
than 25 per cent Of the South ST.
; Paul hog supply through one channel,
their own company. Their own COM
pany, owned and controlled by farm
!! ers, has only two purposes: one is to
handle livestock efficiently and reduce
marketing expense, the other is to
obtain the full market value for the
farmers product.
"The buyers of hogs cannot ignore
the farmers agency when it controls
fourth or third Of the whole avail.
able supply of hogs. We know posi-
lively that the influence Of the Central
Cooperative Commission association
has served to stabilize the market. We
know that it has kept hogs up to their
full market value when buyers were
fready to let the price drop.
"Official government reports Of hog
prices, based on bulk sales on the Chi.
cago, Omaha, Sioux City, and South
St. Paul markets, show conclusively
that the hog market at South St. Paul
is consistently. higher this. year than
the other western markets.
"We farmers have argued that co.
operative marketing not only would
reduce the cost of marketing, but also
would stabilize prices and tend to give
the producer the full market value OF
his product. Now we are seeing posi-.
CANC P1OO1 Cudt Gu1S Is VI uc.
! "The Central Cooperative Commits.
sion association has saved livestock
1 shippers more than $4,000 in the sur
y. plus it has set aside after paying al
it's expenses for the first ten months
of it's life. It has saved the shippers
at least another $4,000 by reducing
commission charges and literally fore
ing private companies to cut thei1
charges too.
| "But these savings are small and
almost insignificant in comparison with
the great achievement of stabilizing the
market, and putting the Minnesota ter
minal more nearly on level with thu
Chicago market than ever before. Co
operation of local shipping associations
all over the northwest has made thi'
, achievement possible by putting larg'
, volume of business in the hands Of tn
cooperative marketing agency. Tn
whole northwest will reap the benefit ,