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STEADIER HOG MARKETS PUNNED Hog Producers and Packers Confer With Repre sentatives of the Food Administration and Agricultural Department and Adopt New Plan of Regulation. j In accordance with the polic; [tlon to consult representative n j of Importance to special branch j convened la Washington a meei ?Agricultural Advisory Board anc ?Industry to consider the situatioi The couference lasted for tl I executive committee of the fifty j for pork products and with the ? (foreign pork purchases. I The conclusions of the confe ; The entire marketing situat?oi . so changed since the September : conference as to necessitate an ( {alteration in the plans of price filiation. The current peace tall I alarmed the holders of corn, and ?has been a price decline of fro: . j cents to 40 cents per bushel. Th? .that the accumulations of low p ? corn in the Argentine and South. lea would, upon the advent of I .and liberated shipping, become t able to the European market has ated a great deal of apprehenslo the part of corn holders. This de has spread fear among swine gro ?that a similar reduction in the p I of hogs would naturally follow. 5 [over, the lower range of corn pi (would, If Incorporated In a 13-to-] ''tlo, obviously result in a continuo [falling price for live hogs. In < .of these changed conditions n [swine producers anticipated lc ?prices and as a result rushed t i bogs to market in large numbers, i this overshlpment has added to i aggravated the decline. [ The Information of the Departn j of Agriculture indicates that the ? iply of hogs has Increased about 8 . cent., while the highest unofficial < ; mate does not exceed 15 per cent ?creased production over last year, rtbe other hand, the arrival of b . during the last three weeks In .'seven great markets has been 27 ?cent more than last year, during rcorresponding period, demonstrat .[the unusually heavy marketing of [available supply. In the face of j excessive receipts some packers h ?not maintained the price agreed 1 ?month. On the other hand, nu i of the packers have paid over j price offered to them ia an en dea ;to maintain the agreed price. The [suit in any event has been a faili [to raalntalo the October price ba ?determined upon at the September c inference and undertaken by the pa lera. Another factor contributing . the break in prices during the mot I has been the influenza epidemic; ?has sharply curtailed consumption ?pork products and temporarily < :ereased the labor staff of the pack? rabout 25 per cent The exports of 130,000,000 poun !?< pork products for October co; pared with about 52,000.000 poun jin October a year ago, and tl [export orders placeable by the Foi ;AdmInlstratlou for November, amou [to 170,000,000 pound3 as contras ?ed with the lesser exports ?98,000,000 for November. 1917. Tl .increased demands of the allies ai i continuing, and are In themselvi ?proof of the necessity for the larj (production for which the Food Admii .lstration asked. The Increase In e: [port demands appears to be amp] (sufficient to take up the Increase I [hog production, but unfavorable ma j kef conditions existing In October a ^ford no fair Index of the aggregat ; supply and demand. ; It must be evident that the enoi [mous shortage In fats In the Centra ?Empires and neutral countries woul ?immediately upon peace result in ac1 j di tiona! demands for pork product [which, on top of the heavy shipment [to the Allies, would tend materiall; to increase the American exports, In asmuch as no considerable reservoir o supplies exists outside of the Unite? ! States. It seems probable that thi ?present prospective supplies would bi I Inadequate to meet this world deman? J with the return to peace. So far as 1 tis possible to Interpret this fact, lt ap [pears that there should be even t ! stronger demand for pork product! I after the war, and therefore any alaru [of hog producers as to the effect ol [ peace is unwarranted by the outlook. ' In the light of these circumstance! ht Is the conclusion of the conferen? that attempts to hold the price of hogs [to the price of corn may work out tc the disadvantage of pork producers. It la the conclusion that any Interpre tation of the formula should be a /broad gauged policy applied over a ilong period. It Is the opinion of the [conference that In substitution of the ?previous plans' of stabilization the ! Live Stock Subcommittee of the Agri I cultural Advisory Board, together with i the specially Invited swine representa ! fives, should accept the Invitation of i thc Food Administration to join with ?thc Administration and the packers In [determining the prices at which con ! trolled export orders are to be placed. 'This will be regularly done. The In jfluence of these orders will be directed jto the maintenance of the common ob iject-Esmely. the stabilization of the prlco of live hogs so as to secure as far a? it is possible fair returns to the e Food Administration since Its founda the agricultural Industry on occasions the Industry, on October 24 there was ! the Live Stock Subcommittee of the pedal members representing the swine e hog market lys, and during this time met with the ig firms participating In foreign orders :s of the Food Administration directing were as follows : producer and the Insurance of an ade quate future supply. .These foreign orders are placed upon the basis of cost of hogs to the packers. As the result of long negotiations between this body and the Packers' Committee, representing the 45 to 50 packers participating In foreign or ders, together with the Allied buyers, all under the Chairmanship of the Food Administration, the following un dertaking has been given by the pack ers: In view of the undertakings on the part of the Food Administration with legard to the co-ordinated purchases of pork products, covered In the at tached, lt Is agreed that the packers participating In these orders will un dertake not to purchase hogs for less than the following agreed minimums for the month of November, that is a dally minimum of $17.50 per hundred pounds on average of packers' droves, excluding throw-outs. "Throw-outs" to be defined as pigs under 130 pounds, stags, boars, thin sows and skips. Further, that no hogs of any kind shall be bought, except throw outs, at less than $16.50 per hundred pounds. Tho average of packers' droves to be construed as the average of the total sales in the market of all hogs for a given day. All the above to be based on Chicago. We agree that a committee shall be appointed by the Food Administration to check the dally operations In the various markets with a view to super vision and demonstration of the carry ing out of the above. The ability of the packers to carry out this arrangement will depend on there being a normal marketing of hogs based upon the proportionate In crease over the receipts of last year. The Increase In production appears to be a maximum of about 15 per cent and we can handle such an Increase. If the producers of hogs should, as they have In the past few weeks, pre maturely market hogs In such Increas ing numbers over the above it is en tirely beyond the ability of the pack ers to maintain these minimums, and therefore we must have the co-opera tion of the producer himself to main tain these results. It is a physical Impossibility for the capacity of the packing houses to handle a similar over-flood of bogs and to find a market for the output The packers are anx ious to co-operate with the producers in maintaining a stabilization of price and to see that producers receive a fair price for their products. (Signed) THOS. B. WILSON, Chairman Packers' Committee. The plan embodied above was adopt ed by the conference. The Food Administrator has appoint ed a committee, comprising Mr. Thomas E. Wilson, chairman of the Pack ers' Committee; Mr. Everett Brown, president of the Chicago Livestock Ex change ; Major Roy of the Food Ad ministration, Mr. Louis D. Hall of the Bureau' of Markets, to undertake the supervision of the execution of the plan In the various markets. Commis sion men are asked to co-operate In carrying out the plan embodied in the packers' agreement. It must be evi dent that offers by commission men to sell hogs below the minimum estab lished above is not fair, either to the producer or the participating packers. Mr. Brown has undertaken on behalf of the commission men in the United States that they will loyally support the plan. It ls believed by the conference that this new plan, based as lt Is upon a positive minimum basis, will bring bet ter results to the producer than aver age prices for the month. It does not limit top prices and should narrow the margins necessary to country buy ers in more variable markets. It ls believed that the plan should work out close to $18 average. Swine producers of the country will contribute to their own Interest by not flooding the market for lt must be evident that If an excessive over per centage of hogs ls marketed In any one month price stabilization and con trol cannot succeed, and lt ls certain that producers themselves can contri bute materially to the efforts of the conferences If they will do their mark eting In os normal a way as possible. The whole situation as existing st present demands a frank and explicit assurance from the conferees repre sented-namely, that every possible effort'will be made to maintain a live hog price commensurate with swine production costs and reasonable sell ing values In execution of the declared policy of the Food Administration to use every agency In Its control to secure Justice to the farmer. The stabilization methods adopued for November represent the best .ef forts of the conference, concurred tin by the Food Administration and il? Livestock Subcommittee of the Agri cultural Advisory Board, together with special swine members and the representatives of the packers, to Im prove the present unsatisfactory situ ation, which has unfortunately result ed because of the injection of uncon trollable factors. We ask the producer to co-operate with us in a most difficult task. The members of the Conference were : Producers-H. C. Stuart, Elk Gar den, Va., Chairman Agricultural Ad visory B^ard; W. M. McFadden, Chi cago, BL; A Sykes, Ida Grove, Ia.; John M. Eward, Ames, Ia. ; J. H. Mer cer, Live Stock Commission for Kan sas; J. G. Brown, Monon, Ind.; E. C. Brown, President Chicago Livestock Exchange; N. H. Gentry, Sednlia, Mo.; John Grattan Broomfield, Colo.; Eu gene Funk, Bloomington, Bl.; Isaac Lincoln, Aberdeen, S. D. ; C. W. Hunt, Logan, Ia.; C. E. Yancey, W. R, Dod son. Food Administration-Herbert Hoo ver, F. S. Snyder, Major E. L, Roy, G. H. Powell Department of Agriculture-Louis D. Hall, F. R. Marshall. The packers present and others sharing in foreign orders were repre sented by the elected packers' commit tee. Those represented were: Packers-Armour & Co., Chicago, 111. ; Cudahy Packing Co., Chicago, ni. ; Morris & Co., Chicago, Ul ; Swift & Co., Chicago, BL ; Wilson & Co., Chica go, Bl.; John Agar Co., Chicago, III.; Armstrong Packing Co., Dallas, Tex.; Boyd Dunham & Co., Chicago, 111.; Brennan Packing Co., Chicago, BL; Cincinnati Abattoir Co., Cincinnati, O. ; Cleveland Provisions Co., Cleve land, 0. ; Cudahy Bros. Co., Cudahy, Wis. ; J. Dold Packing Co., Buffalo, N. j Y. ; Dunlevy Packing Co" Pittsburg, ? Pa. ; J. E. Decker & Sons, Mason City, I Ia.; Evansville Packing Co., Evana ! ville. Ind. ; East Side Packing Co., East j St Louis, BL; Hammond Standish & Co., Detroit Mich.; G. A Hormel & Co., Austin, Minn. ; Home Packing Ice Co., Terre Haute, Ind.; independ ent Packing Co., Chicago, DL ; Indian apolis Abattoir Co., Indianapolis, Ind. ; Liternational Provision Co., Brooklyn, N. Y. ; Interstate Packing Co., Winona, Mina ; Iowa Packing Co., Des Moines, Ia.; Powers Begg Co., Jacksonville, BL ; Eingan & Co., Indianapolis, Ind. ; Krey Packing Co., St Louis, Mo. ; Lake Erie Provision Co., Cleveland, O. ; Lay ton Co., Milwaukee, Wis. ; Oscar Mayer & Bro., Sedgwick and Beethoven streets, Chicago, UL; J. T. McMillan Co., St PauL Minn.; Miller & Hart, Chicago, BL ; J. Morrell & Co., Ottum wa, Ia. ; Nuckolls Packing Co., Pueblo, Colo.; Ogden Packing and Provision Co., Ogden, Utah ; Ohio Provision Co., Cleveland, 0. ; Parker Webb & Co., De troit Mich.; Pittsburg Packing and Provision COL, Pittsburg, Pa.; Rath Packing Oo_ Waterloo, Ia. ; Roberts St Ofike, Chicago, BL ; Rohe & Bros., New York City ; W. a Routh St Co., Loga.s port, lad.; St Louis Ind. Packing Go, St Louis, Mo,; Sinclair ?Si Co., T. M. Cedar Rapids, Ia.; Sullivan ? 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