BULLETIN" 1440, IT. S. DEPARTMENT OF AGRICULTURE 
as quotations for a considerable variety of products, cuts, and grades. 
Even though the prices of these different products do not always 
move together, yet, as is shown in Figure 4, there is in general a 
FARM AND MARKET PRICES OF HOGS AND 
WHOLESALE AND RETAIL PRICES OF PORK AND LARD 
1913-1925 
Fig. 4.— Prices at each step from farmer to consumer. The prices of the different products usually 
move together, but some abnormal years lard went down while pork loins went up 
close correspondence between the wholesale price of the live hog 
and the wholesale price of the products. When the prices of the 
most important products are combined into a single price on the 
INDEXES OF PRICES OF HOGS AND OF HOG PRODUCTS 
£30 
220 
210 
200 
190 
180 
170 
ISO 
150 
140 
130 
120 
I 10 
100 
90 
80 
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1909 1910 IS! I 
1913 ISi4 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 
Fig. 5.— Yearly average price of heavy hogs, and an average of the price of pork products, both 
expressed in percentage of the averages for the period 1909 to 1913. Both have moved closely 
together, but since 1920 the prices of products have been about 20 per cent above the prices of 
hogs, compared with the pre-war relationship 
basis of the proportion of the whole carcass which they represent, 
this composite price varies closely with the wholesale price for hogs. 
