FACTORS AFFECTIXG THE PRICE OF HOGS 
11 
expected to* run during the next several months, than they did to the 
receipts during the single month. At the same time, they had to 
get their share of the business if their plants were to be kept running 
at a profitable volume, so during short periods when receipts tem- 
porarily fell below the general average the competition to get a share 
of the business forced prices somewhat above the general trend, 
though not nearly so much as did an equal shortage in supply ex- 
tending over a considerable period. 
THE PLACE OF STORAGE IN HOG PRODUCTS 
POUNDS 
MILLIONS 
1,000 
800 
600 
400 
200 
1,000 
800 
600 
400 
200 
PRODUCTION AND STORAGE MOVEMENT 
I I 
J. A. J 0. J. A. J. 0. J. A. J. O. J. A. J. 0. J. A. J. O. J. 
Fig. 9.— Production, storage movement, and exports of pork and pork products for four years. 
Storage serves to smooth out the seasonal variation in production 
The number of hogs received at 11 of the largest markets each 
month from January, 1904, to December, 1925, is shown in Figure 10. 
This chart shows that ordinarily receipts were largest during the 
winter and smallest during the early fall, and that some years the 
receipts as a whole were larger than they were other years. The 
conditions which led farmers to make these wide differences in hog 
production are discussed in a later section. 
