^ * S. * txt&oAm Smm%m ia AisrUolture mA Som leaioidc* RECEIVED 



Ttoivwaity of IlUiMs Collflg^ of Agrlettltvre, IMoaa 



DEC 8 1914 



MHMLWRPMWv 



s 



\ 



By G« L. Joflrtaa 



hf'ofetear, Agrleiatttna Icoaovlof HE UBnm^ 

 (I^pttTcA D606id)6r 7/ 



^ ' • ' APR 101246 



*. ' . ■ 



with the irinter wnaait of bogs veU wi&er viQriUl}W.af$«9l^lM^ML««0e> 

 dropped l>eXoir $1U Mondagr, beceoibesA, for the first tlat slnoe Jnlsr 19* The toP vas 

 $13.90^ onl^ 10 cents abore the ayersge price of $13«dO. There 'vss onlj a snail . 

 spread between the prices reoeiTed for various vel^its* 



All grains vere especially strong during the past veek* Vheat prices vere 

 up about two oentsi com up one eent^ and oats up coe cent or aore. Com prices pro^ 

 ably vere strengthened slightly by the purchase by the govemnent of 800,000 bnshels 

 of oom for shipnent to the United Slngdon under lend-leaae. The iporcroBent purchased 

 the com at ceiling prices* Xhe longer tiae outlook for oom prioes is affected by 

 the fact that ve have a very large oom crop and that livestock noaibers have been re* 

 duced sooevhat. 



The Var Food Adninistration estiaates that the posir supply for the nation in 

 19^3 viU be fraa 13 to 20 percent loss than this year as a result of a large reduc- 

 tion in the mo&er of hogs* Vith the inerease in oarketiags during Deceober and Janu- 

 aiy, a scaoewfaat , larger civilian supply of pork chops and sone other cuts viH^jM 

 available to civilians, but no appreciable isproveoent in the quantity of bacons)|for 

 civilians is expected before n«tt f^bruary or March because of the tiae required for 

 curing* 



Taking all nsats into eonsidsrationt sons form of rationing or other restric- 

 tions on oirilian oonsui^ion fxt better grades of meats aay be aaintaiaed throughout 

 1^^3 and possibly into 19^, even if tho mr vith Oexvaoy ahould end early in the 

 T^ar. If the var in Surope continues throueth 19*^3^ the per capita si^^ly of seat for 

 civilians vill be about 123 pounds next year ccopared vith 15S pounds if Oeznany is 

 defeated vithin the next f ev nonths^ and vith W^ pounds ooosisiied in 19^* In order 

 to take care of the armed forces, the goveronent has recently raised the quantity of 

 both beef and pork vhlch packers are required to set aside for goverment purchase. 



For the Tilted States actual prioes received by famers as a percentage of 

 parity or conqparable prices on Koveaiber 13 are listed in order: 



^ of T^aritv ^ of naritv $ gf pyi^ 



Turkeys I37 LaBfi>s 121 Com 96 



Wool 129 Veal calves 112 Wheat 95 



Apples 12d Milk 112 Sgga 92 



Beef cattle 123 Bogs 109 Barley 91 



Soybeans 123 Butterfat 106 Bye 88 



Chickens 123 Oats 97 ^ 77 



All farm products 113 



The U. S, Department of Agriculture estimates that prices i^ceivod by dairy 

 farsLere will decline less than seasox^ally from December throui^ March and vill prob* 

 ably average about the same as a year earlier. However, returns to dairy fazmers .vill 

 be at the hi^^est level ever reposed for that period as a rewtlt of the hi|^r dairy 

 production payments. Milk- and bmterfat-fe«d price ratios vill be more favorable 

 than other inqportant live8tock«feea\priee ratios* 



-0. 

 uooperatlve Sxtenaion Work in Agriculture and Vome Economics: TAiiversity of Illinois 

 College of Agrieolture and the Ifaitad States Department of Agrioulture oooperatiiy* 

 H* ?• Bosk, Dirootor* Acta apiMWj fP ed 1^ OonffPtaa May 8 and Jvnt 30# 19lV 



