30 BULLETIN 1381, U. 8S. DEPARTMENT OF AGRICULTURE 
costs and methods of pork production is presented in Table 22. In 
this table the cost of production has been converted into corn equiva- 
lents. The average number of bushels of corn fed to the hogs was 
7.2 bushels in both 1921 and 1922. This does not include the other 
miscellaneous feeds which were fed. The average price of this corn 
was 36 cents in 1921 and 52 cents in 1922. The average cost for 
feed per 100 pounds of pork was $3.51 in 1921 and $4.72 in 1922. 
On the basis of average prices of corn for 1921 and 1922, the total 
feed cost per 100 pounds of pork in 1921 was equivalent to the price 
of 9.8 bushels of corn, and in 1922 the feed cost was equivalent to the 
rice of 9.1 bushels of corn. The difference between the number of 
fdshels of corn fed to the hogs and the corn equivalent of the total 
feed cost per 100 pounds is the number of bushels of corn at the 
average price for that year to pay for the miscellaneous feeds, either 
farm-grown or purchased, which were fed to the hogs during that 
year. The value of these feeds other than corn was only 92 cents 
er 100 pounds of pork in 1921 and 98 cents in 1922. The extremely 
or price of corn in 1921 made 2.6 bushels of corn necessary to pay 
for 92 cents worth of other feed; in 1922, 1.9 bushels of corn would 
buy 98 cents worth of other feed. 
TABLE 22.—Bushels of corn necessary to pay the costs of the production of pork 
1921 1922 
Item Equiva- Equiva- 
Value lent in Value lent in 
corn corn 
Dollars | Bushels | Dollars | Bushels 
POEs A ks ad lnc tt ue eta Se ee eae a a ad SENS 3. 51 9.8 4.72 9.1 
ENV RLU 2) Sep BRO LL Sa ee MES oh 9S NR Sd” OE oo RL 2. 59 1.2 3. 74 7.2 
“Oat ay a RE ae, Ue aee e s. Me eae Sek Us eee BER Ne ® . 92 2.6 . 98 1.9 
Other costs... -2-22-2-- Si Paes ees Se bre tales 2o AY BOs SEL 1. 98 5.4 1. 60 3. 1 
Gross cost___.-- oe. Sa ee ae ciate ante ram aati toate 5. 49 16:2 6. 32 12.2 
i (03 | eae ae by A Res Ded gOS Sede 5 LL ee eR 2. 39 6. 6 1)35 2.6 
TIISINGG er |) a a I Pe Ne eee eee 7. 88 21.8 7. 67 14.8 
Average price Ofcormus: 47.3 o eee Ao ee 36 | Bi ern ce Ee 52 | er as oe 
The average gross cost of producing 100 pounds of pork on the 
farm was $5.49 in 1921 and $6.32 in 1922. it these average costs of 
growing 100 pounds of pork are converted into corn equivalents with 
the average price of corn for each year as a base, the corn equivalent 
of the gross cost of growing 100 pounds of pork in 1921 was 15.2. 
bushels and in 1922, 12.2 bushels. Three fechele less corn. were 
required in 1922 to pay for all the items of cost of production than 
in 1921. In 1921, 5.4 bushels of corn at the average price for that 
year were required to pay for the costs other than feed; in 1922 the 
value of 3.1 bushels of corn was necessary to cover the cost of these 
items. 
The double effect of increasing corn prices and decreasing hog 
prices He 1922 upon hog profits is also shown in Table 22. The 
corn equivalent of eRe average sale price of 100 pounds of pork in 
1921 was 21.8 bushels of which 6.6 bushels was profit. In 1922 the 
corn equivalent of the average sale price was 14.8 bushels of which 2.6 
bushels was profit. : 
