• -2- 



« 



^L cattle were both higher on Thursday than a week earlier. The present 

 hog top is equal to the highest July price for many years. Discounts 

 on heavy hogs are v/idening. At this season, hog prices are typically 

 worl^ing up tov:ard their sujnmer high, but further substantial advances 

 will be limited by ceilings on pork. Lower grades of cattle seem to be 

 somewhat firmer than the better grades. 



Future hog supplies - Marketings of hogs are now running higher 

 than a yeex ago, reflecting the larger fall crop of 19^1' The June pig., 

 report of the U. S. Depal'tment of Agriculture has recently been released. 

 Large increases in the spring crop, of 19^2- are reported, and further - 



- increases in the fall pig crop are forecast. The Illinois figures /"^ 

 indicate a spring pig crop of slightly. more than six million head — 20- . 

 per cent above the 19^1 crop, and a crop for the year, of 10.6 million . ' :; .' 

 head.' This will" surpass the record 19^1 crop by 21 per cent. Still ' ■" r . 

 larger increases are indicated for the western corn-belt states, where •... 



hog production had been at a relatively lower level than in Illinois, v .;. 



» ■-■'.■ 



These figures indicate that there will be huge supplies of 

 ■ hogs for msjrket during at least the next 12 months. They represent just 

 as much a contribution to the waj? effort as do increased outputs of tcjiks, 

 planes or cannon, and faj^mers should be proud .of their efforts in making 

 it possible for our troops,' our allies and our civilian population to be 

 well fed In these times when strenuous efforts are required. 



As long as the government can continue to buy pork in huge 

 quantities for lend-lease purposes, prices for hogs will continue at 

 fevorable levels. Some difficulty may be experienced next winter in 

 oL getting the huge supplies processed. The better the supply is distri- 

 buted, the less the difficulty will be. 



The larger hog production means heavier consumption of corn. 

 Figures will shortly be available as to the stocks of corn en July 1. 

 It is cle.ar,- however, that farmers still have considerable corn on farm^^) 



