

m 



Price* 



$16 



HOG PRICES AND RECEIPTS 



1957 1958 1959 19^0 19^+1 

 ^Average cost of barrows and gilts, Chicago (per cvt.) 

 **Live -weight, federally inspected slaughter, U.S. (million lbs.) 

 ***Number of hogs on farmn Jajnuary 1 f millions) 



19^2 



19^3 



THE HOG SITUATION 



The average price paid for barrows and gilts at Chicago during May was 

 $li|-.i+6 compared to $15.15 in April and $lU.09 in May I9I1-2. Slaughter during May is 

 estimated to be about 15 per cent more than in April and about 25 per cent more than 

 in May 19^+2. The number of hogs on farms January 1, I9U3, was 75,660,000, an increase 

 of 22 per cent. Receipts will continue to be heavy, but the demand is excellent. 

 Civilian consumption will be regulated by variations in point values. The government 

 expects to buy up to 35 or kO per cent of total pork production. During the first 

 quarter of 19^3, the U. S. Department of Agriculture purchased 550 million pounds of 

 pork, dressed weight. This was a substantial increase over a year earlier. Farmers 

 have price protection to the extent that the government promises to support the price 

 of 2if0-270 pounds of good to choice butcher hogs at Chicago at $13-75 until 

 September 30, 19^. The hog-corn ratio, at about 13.5 at Chicago, is quite favorable 

 to tho hog producer. The only serious problem is the ability to obtain ©nouch feed 

 to support tho greatly expanded livestock enterprise. 



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