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marketings increase rapidly during this period. The peak of hog prices 

 is usually reached in August and the bottom in December. The drop in 

 prices has a tendency to average about 12 per cent from August to 

 December. Usually the decline from September to October is slight 

 and the greatest percentage decrease, approximately 7 per cent, comes 

 between October and November. During years when business activity and 

 the general demand situation are improving, the seasonal decline is 

 likely to be less than normal. During years when the demand is de- 

 clining, the seasonal do^imwaird trend is likely to be accelerated at 

 this time of year. This year the demand is very strong, and, with no 

 abnormally large marketings anticipated, the market is likely to hold 

 up relatively well. 



Butter prices have declined during the past week, but egg 

 prices have shovm some tendency to rally in spite of the large quanti- 

 ties of eggs coming to market. The demand for eggs for lease-lend 

 purposes is stronger than the demand for butter. The domestic demand 

 for both is strong. 



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