FACTORS AFFECTING THE PRICE OF HOGS 
Table 2. — Data used in the statistical analysis 
61 
Exports 
Miscellaneous data 
Derived figures used 
in the study 
Year and 
month 
Pork products \ 
Index 
of 
phy- 
sical 
volume 
of ex- 
ports 2 
Prices of 
industrial 
stocks 3 
Bureau 
of 
Labor 
all-com- 
modity 
index of 
whole- 
sale 
prices 5 
(1913 
base) 
United 
States 
popula- 
tion 
month- 
ly 6 
Corn- 
hog 
differ- 
ential 
Index 
of 
export 
de- 
mand 2 
Index 
Pork 
Bacon 
Hams 
and 
shoul- 
ders 
Lard 
Actual 
Devia- 
tion 
from 
trend 4 
of 
total 
de- 
mand 2 
1896 
January 
February- _. 
10,000 
pounds 
781 
588 
371 
427 
385 
503 
592 
481 
571 
622 
460 
604 
688 
625 
653 
625 
472 
414 
590 
528 
701 
577 
597 
826 
1,097 
905 
1,191 
1, 027 
1,160 
836 
824 
1,047 
1,247 
1,522 
1,771 
2,104 
1,978 
1,592 
1,813 
1,598 
1,266 
1,096 
1,246 
1,103 
1,148 
1,395 
1,416 
1,866 
10,000 
pounds 
4,703 
3,122 
2,708 
3,052 
2,831 
3,821 
4,014 
3,630 
3,189 
4,009 
4,247 
4,359 
4,399 
4,563 
4,589 
4, 378 
3,855 
4,808 
5,338 
5,255 
5,006 
4,522 
5,141 
5,954 
6,272 
5,330 
6,182 
5,922 
5,588 
4,501 
3,826 
5,384 
4,902 
4,546 
4,314 
5,197 
5,863 
3,981 
4,809 
4,317 
4,092 
5,029 
5,014 
5,497 
4,347 
4,496 
3,808 
4,547 
10,000 
pounds 
1,371 
861 
929 
1,097 
1,298 
1,869 
1,797 
1,498 
948 
1,202 
1,346 
1,475 
1,196 
1,098 
983 
1,383 
1,813 
1,786 
1,561 
1,703 
1, 729 
1,262 
1,134 
1,547 
1,398 
1,814 
2,189 
2,096 
2,144 
1,440 
1, 543 
2,041 
1,896 
1,916 
1,579 
1,945 
1,928 
1,956 
2,129 
1,844 
1,620 
2,189 
2,066 
2,230 
1,274 
1,332 
1,353 
1,746 
10,000 
pounds 
5,645 
2,946 
3,478 
3,997 
4,527 
4,390 
3,342 
4,072 
5,158 
5,585 
4,628 
4,864 
3,724 
5,116 
5,463 
4,848 
4,653 
5,377 
5,590 
4,635 
5,469 
5,465 
4,962 
7,522 
6,445 
5,134 
7,561 
6,021 
7,416 
4,715 
2,814 
4,840 
6,784 
7,337 
6,857 
7,731 
6,222 
5,332 
6,495 
5,244 
5,617 
5,844 
5,896 
4,713 
4,734 
6,667 
5,736 
6,508 
Mil- 
lion 
pounds 
140 
85 
84 
97 
102 
122 
113 
111 
109 
128 
121 
128 
114 
128 
130 
127 
124 
141 
148 
139 
139 
131 
139 
177 
170 
150 
193 
172 
184 
130 
104 
153 
167 
171 
161 
189 
180 
146 
172 
147 
142 
162 
162 
156 
129 
154 
137 
164 
Dols. 
Per 
cent 
Mil- 
lions 
Dols. 
+0.87 
+.90 
+.59 
+.12 
-.01 
+.07 
+.08 
+ 42 
+.50 
+.51 
+.51 
+ 62 
+.72 
+.72 
+1.11 
+1.31 
+1.01 
+ 66 
+ 53 
+.47 
+.57 
+.67 
+.32 
+.38 
+ 57 
+.69 
+.59 
+.25 
+ 35 
+ 45 
+.0? 
+.25 
+.42 
+ 16 
-.32 
-.71 
-.48 
-.20 
-.20 
-.15 
+.13 
-.08 
+.48 
+.90 
+ 63 
+.65 
+.25 
+.51 
April 
May 
July 
August 
September. . 
i 

1897 
41.9 
41.1 
40.7 
39.5 
39.4 
42.3 
45.8 
51.8 
53.4 
50.6 
47.4 
49.0 
49.4 
47.5 
44.8 
44.8 
50.5 
52.3 
53.3 
57.8 
57.0 
53.5 
55.8 
59.3 
62.7 
64.8 
70.3 
75.0 
71.8 
70.8 
72.2 
75.0 
75.0 
73.0 
74.5 
67.0 
February. _. 
May. 
July 
August-. -. 
September . 
October. ... 
November- _ 
December... 
1898 
January 
February 
March 
April 
May.. 

June 
July 
August 
September _. 
October 
November- _ 
December... 
1899 
January 
February 
March 
April 
May 
June 
July.— 
August . 
September.. 
October 
November. _ 
December- 
1 Monthly Summary of Commerce and Finance of the United States, 1896- June, 1914 (27). Monthly 
Summary of Foreign Commerce of the United States, July, 1914-1925 (24). Cumberland sides included with 
bacon and Wiltshire sides included with hams and shoulders. 
2 Variable bases; see pages 39, 40, and 41 for method of computation. 
3 The Review of Economic Statistics, Harvard Economic Service (18, p. 166-167, 191-197; 10, p. 118, 
890; 11, p. 846, 1920; 11, p. 376, 1921; 8, p. 402; 4, P- 189; 9, p. 286). Harvard Weekly Letters, Jan. 20, 1923; 
Dec. 22, 1923; Dec. 13, 1924; July 11, 1925; Sept. 12, 1925 \12, 13, 14). 
4 Corrected for seasonal variation. 
5 Bureau of Labor Statistics Bulletins 367 and 390, special reports (25, 26). 
8 Computed from estimates of annual population by the Bureau of the Census. Increase in population 
from one census year to another arbitrarily distributed to show an even monthly increase. 
