present i-^rioe of corn?" If all of these animals and animal products 



are to toe produced and marlieted, they are going to utilize enormous 

 quantities of feedstuffs of all kinds, particulaj?ly corn. With that need 

 in mind, the corn goal has been raised to 95 million acres for 19^2. In 

 addition to requiring this large volume of feed in order to make it 

 physically possible to produce the livestock and livestock products, 

 the price of feed must be low enough In relation to the prices of live- 

 stock so that farmers will be encouraged to produce the livestock. That 

 would seem to be easy. All that would be necessary would be to permit 



the prices of livestock products to rise faster than the price of feed. 

 However, the people of the United States have indicated that they wished 

 ceilings placed upon the prices of agricultural a.s well as non-. 

 agricultural commodities. If prices of meats, milk, and eggs were not 



permitted to rise above 110 per cent of parity, October 1, 19^1/ or 



19^1 

 December 15,/ prices, then it would seem obvious that the production 



program xvould be defeated if feed prices, with the same limitations, were 



not sufficiently low to offer livestock growers an inducement to expand 



output. It is the necessity of maintaining this inducement that led 



Secretary V7ickard to indicate that the U. S, Department of Agriculture 



would use "every means" to maintain "reasonable food prices" and that 



the Department is modifyinfT sales and loan programs so as to "make our 



entire Ever-Normal GranarS^ reserves" available to livestock, dairy and 



poultry producers and corn processors. 



The Commodity Credit Corporation made no change in its offered 



price of CCC stocks of corn and pointed out that the government still 



owns approximately 95 million bushelS of corn in addition to I70 million 



bushels under loan seal and that all loans will be called if necessary 



to carry out the policy of meeting all consumptive needs. At the same 



time the U, S. Department of Agriculture indicated that farm prices 



would probably average around parity this year and that every effort 



