Show j STEADIER HOG HOB MARKETS PLANNED PUNNED I i iI I I Hag Producers and Packers ers Confer With Representatives I of the Food Administration and I Agricultural Department and Adopt New Plan of Regulation I In 11 at accordance with the policy of the don tion to consult representative men In In-i o of Importance to special branches of tl II I In Washington n a meeting of I Agricultural Advisory or Board and the si sp la to consider the UMI situation In the The conference lasted for three Q n oe of the fifty g torDo OT y AOu she rs 6 I in pork V eba l e Tb The conclusion of Of r th the nt nc Th The stir marketing situation has hasIK hasho IK ho changed since the September joint conference sa U to necessitate an entire I f alteration In ID the plans of price Th The current peace talk has ban alarmed the hol holders er of corn com and ond there has hu been a price decline of from 25 cents to 40 cents tI per busheL The fact I that that the ae ui of ot low priced tern corn in the Argentine and South Africa Africa ca would upon the advent of peace and liberated shipping become available avail avail- j able to the European market has has has-cre- era cre Rt 4 a great deal of apprehension on the th part put 0 of torn corn holders holder This decline This decline has ha spread pread fe tear fear r among swine growers that A Ii similar reduction In the prices of hogs hog would naturally follow Moreover More More- over the lower range ranle of corn prices would If Incorporated In lna Ina a to l 1 ratie ratio ra ra- tie tio obviously result In a continuously I falling failing price for live lire hogs In view of ot these tM changed conditions many swine producer pro OIl anticipated lower price p prices and ai as a result rushed their I hogs hop to market in large numbers number and this shipment over has added to and aggravated the decline The The information of ot the Department of Agriculture Indicates indicate that the supply supply sup sup- ply of of hogs has Increased increased about 8 percent per percent cent while the highest unofficial estimate eat esti mate does not exceed 10 HI pe per cent In creased production over last year rear On the other hand the arrival of hogs du during g the last lut three weeks in the seven great markets has hal been 27 per percent percent cen cent more than last year rear during the corresponding period demonstrating the unusually heavy marke marketing ng of the available supply In the face of the excessive excessive receipts some packers have not maintained the price agreed last month On the other h hand nd many many of the p packets packers 8 have paid over the price offered to them in an end endeavor avor td maintain the agreed price The r result re suit sult la any event has bas been a n failure to maintain the October r price basis determined upon at the Sept September conference conference con con- ference forence and undertaken by by the pack pack pack- ers era Another factor contributing to the break In prices during the month monthlies has lies been the Influenza epidemic it has sharply curtailed consumption of pork products product anc and temporarily decreased decreased decreased de de- creased the labor staff of the packers about 2 25 per cent The exports of pounds of pork products product for October October- compared compared compared com com- pared with about pounds In III October a year ago and the export orders by the Food Administration for November Nov amount to pounds as al contrasted contrast contrast- contrasted ed td l with the lesser exports of for November 1017 1917 The increased demands deman of the the allies aUtes are continuing and are In in themselves proof of the necessity for the- the large production for which the Food AdminIstration Administration Admin Admin- Administration asked The increase In export export export ex ex- port demands appe appears ra to be amply sufficient to take up the increase in hog production but unfavorable market market market mar mar- ket conditions existing in October afford afford afford af af- ford no fair index of the aggregate supply and demand It must be evident that tUt the enormous enormous enormous enor enor- shortage In fats In the Central Empires and neutral count countries es would Immediately upon peace result In additional additional additional ad ad- demands for pork products which on top of the beav heavy shipments to the Ames Allies would tend materially to Increase the American exports In Inasmuch Inasmuch Inasmuch In- In as no considerable reservoir of supplies exists outside of t the e United States State It lI seems em probable ble that the present prospective supplies would be Inadequate to Meet demand with Ith the return to peace So far tar as Itis It ItIs Itis is possible to interpret this thIs' fact tact it appears appears ap pears that there should be even eTen a stronger demand for pork products It after fter the war and therefore any alarm of or hog hor producers as to the effect of peace is unwarranted by the outlook In the light of these circumstances It li is the conclusion of the conference that list attempts to hold the price of hogs to the price of corn com may work ork out to the time disadvantage of pork producers It Is the conclusion that any interpretation Interpretation Interpretation tation of ot tits t tk formula should be a abroad abroad broad gnus Dopey polley applied over a along long tong period It is I. the opinion of the conference that In la substitution of the previous pre plans of stabilization the Live e Stock Subcommittee of the Agricultural Agricultural Agri Agri- cultural Advisory Board together with the specially Invited swine representatives the Invitation of tires tives should accept the Fo Food d Administration to join with the time Administration and the packers in determining the prices at which controlled controlled con con- trolled export orders are are tn tn This will be regula d t rt ace of these Q It-Q th Food Administration since Ince Its he Industry try on occasion ie me Industry on October 24 71 there WM wa I the he Iho LI Stock toCk Subcommittee of th tu members representing the swine swim hog bog marke market es s os f and nd during this Ibis tI time line ue met With the j firms s punt In foreign orders order I of ot the l Food Administration directing H re ee 8 rOd t r the quate future SUPPly ot ao an adequate ade ade- These foreign orders are pta placed upon the basis of cost of h hogs gs tofu packers puckers As Aa Aa the result of long negotiations bi IWI this body and the Packers Packers' Committee representing g the 45 to 00 ro packers participating In foreign orders or or- ders together with the Allied buyers nl nil under the Chairmanship of the Food Administration the following undertaking undertaking un un- has been given by the packers pack pack- packers ers els In view of ot the undertakings on the part of the Food Administration with regard legard I to the co ro purchases of pork products covered In the attached at at- Inched it Is agreed that the packers participating in these thele orders will undertake undertake un un- un- un not to purchase hogs for less lew titan than the following agreed minimums for tor the month of November that Is a adaily dally daily minimum of 1750 per hundred pounds on average of packers' packers droves excluding throw outs Throw outs to to be denned defined as pigs under ISO pounds sta stags s. s boars boara thin sows TS and skips Further that no hogs of ot any kind shall be bought except throw- throw outs at l less leas ss than 1650 1850 per hundred pounds The average of packers' packers droves to be be construed as ns the average of the total sales In the market of all hogs for tor a given day All AJI the above to be based on Chicago We agree that a committee shall shall be appointed by the Food Administration to check the dally daily operations In the various markets with a view v to super supervision vision Islon and demonstration of the carry carr carrying carryIng carry carry- Ing out of ot the above The ability of the packers to carry carr carryout carryout out this arrangement will wUl depend on there being a normal marketing of hogs based ased upon the proportionate In Increase Increase In- In crease crene crease over the receipts of ot last year The Increase in ln production appears to tobe tobe tobe be a a maximum of about 15 per pcr cent and we can handle such uch an Increase Inci If It the producers of hogs should as II they have In the p past st st. few tew weeks prematurely prematurely pre pre- maturely market hogs bogs in such Increasing Increasing ing numbers over the above It Is entirely entirely en en- beyond the ability of the packers pack pack- ers to maintain these minimums and therefore we must have the cooperation cooperation cooperation opera co tion of the producer himself to maintain maintain main main- tain these results It Is a physical Impossibility for the capacity of the packing houses to handle a similar over-flood over of hogs bogs and to find a market for the output t. t The packers are anxIous anxious ious ions to operate co-operate with the producers In maintaining a stabilization of price and to see that producers produCEr receive a fair price for their products Signed THOS E. E WILSON Chairman Packers Packers' Paik rs' rs Committee The plan embodied above was adopted adopt ed by the conference The Food Administrator hae appointed appoint appoint- ed ecra a committee comprising Thomas Mr E. E Wilson chairman of ot the Packers Packers' Packers Packers' Pack Pack- ers' ers Committee Mr Everett Brown president of the Chicago Livestock Exchange Exchange Exchange Ex Ex- change Major Roy pf of the Food Administration Administration Administration Ad Ad- ministration Mr Louis D. D Hall of ot the Bureau of Markets to undertake the supervision of of the execution n of ot the plan in the various markets Commission Commis Commis- sion alon men are asked to operate co-operate In carrying out the plan emb embodied in the packers' packers agreement It must be evident evident evi evl- dent that offers otters by commission men to sell hogs bogs b below l w the minimum established established above Is not not fair either to the pro producer l or the participating packers Mr Brown has undertaken on behalf of ot the commission men In In the United States that they will loyally support the plan It Is believed by the conference that this ne new plan based as it Is la upon upon a positive minimum basis will bring better better bet bet- ter results to the producer producer- than producer than average average aver ner age prices for tor the month It does not limit top prices and should narrow the margins necessary to country buyers buyers buyers buy buy- ers In more variable markets market It Is 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 tor it must be evident that If It an excessive over OTer percentage percentage per per- of ot ho hogs s is marketed In any anyone anyone one month price stabilization and control control con con- ti-el ti cannot succeed and It l is certain that producers producers' themselves can contribute contribute contribute contri contri- bute materially to the efforts of tho the conferences if It they will do their marketing marketing mark mark- mark mark- eting in as as normal a a n. way war as possible The whole situation as existing at present demands demand a frank trank and explicit assurance from the conferees conf rees represented namely namely that every possible effort will be made to maintain ln a live Uve hog price commensurate with swine wIne production costs costa and reasonable selling selling sell sell- ing values In execution of the declared of the Food Administration every agency In its control bus to b justice us Ir t is to th the h h 1 w Livestock Sub Subcommittee tt-ott tt of the Agri rl- rl Advisory Ad Board Hoard together with frith special swine mem members ers and the to lm- lm representatives of the packers pro prove the present unsatisfactory situation situation situation situ situ- which has hili unfortunately re resulted result result- ed because of the Injection of uncontrollable uncontrollable factors We ask sk the producer to operate co-operate with us In n a most difficult task I IThe The members of the Conference I Iere were ere Producers Producers Producers-II H. H a C. Stuart l Elk lk Garden Garden Gar Oar den Va a Chairman A Agricultural A Advisory Ad- Ad 1 Board W. W M M. M McFadden ChiC Chicago Chi Chi- C cage cago go Ill III A A. A Sykes Ida Grove Gro In la John M. M Evvard Ames In In III 1 J. J H n Mer ler Live Stock Commission for Kansas Ian Kan sas ass J. J O. O Brown Brown- Motion Inn lad Ind K E. C C. Brown President n ChU-n o Livestock Exchange N N. H H. H Gentry Mo John Grattan CoIn Colo Eugene Eu Iu gene gone Funk ton Ill III Isaac Lincoln Aberdeen S S. S D. D C. C W. W Hunt Logan Ia la C. C E Yancey W W. R. R Dadson Dod Dod- son lIOn Food Herbert Administration Administration Herbert Hoover Hoo loo- ver F. F 8 S Snyder Major E. E E L. L L Roy noy G. G I H H. H Powell Department of Agriculture Louis Agriculture D D. Hall F F. F It R. R Marshall The packers packer pl others r sharing in to foreign toll t-ie represented lepie- lepie bythe elected packers packers' commit- commit t represented were re Fi do C- C Chicago coo Ill Cudahy Chicago go mMorris m Iii 1 1 Morris orrs A t Co o. o Chi Chicago ca cago o Ill S l Co Chicago Ill Wilson A Co ChIcago ChIca- ChIca 4 go Ill John Agar Co Chicago III IU Armstrong Armtrong Packing Co Dallas DalIns Tex Boyd Dunham Co Chicago Ill III Brennan Brennan- Packing Co Chicago o III Cincinnati Abattoir Co Cincinnati 0 O. O Cleveland Provisions Co Cleveland Clove e land 0 O. Cudahy Bros Co Cudahy Wi Wis I. I J J. J Dold Packing Co Buffalo N N. N Y Y Dunlevy Packing Co PIttsburg Pa J J. J E. E Decker Sons Mason City la Ia Evansville Packing Co Evans Evans- yule Ind i East Side Packing Co East St Bt Louis Ill m Hammond Standish Co Detroit Detroit- Mich G G. G A A. A Co Austin Minn Home Packing Ice Co Terre Haute Ind Independent ent ant Packing Co Chicago Ill Bl Indianapolis Indian apolis Abattoir Co Indianapolis Ind International Provision C Co Brooklyn N N. N Y Y Interstate Packing Co Winona Minn Iowa Packing Co Des Moines Ia la Powers Begg Co Jacksonville HI DI Kingan Co Indianapolis Ind lad Krey Packing CorSt St. Louis Mo Lake Erie Provision Co Cleveland 0 O. Layton Layton Lay- Lay ton Co Milwaukee Wis Oscar Mayer Bro Sedgwick and Beethoven streets Chicago III ill J J. T T. McMillan Co St St. Paul Poul Minn Miller l Hart Chicago J J. J Morrell Co Ottumwa wa wa la Is i Nuckolls Packing Co Pueblo Colo Ogden Packing and Provision Co Ogden Utah Ohio Provision Co Cleveland 0 O. Parker Webb Co Detroit Detroit De De- troit Mich PIttsburg Packing and Pro islon Co PIttsburg Pa Ill Rath RaUl Parking Packing Co Waterloo Ia la i Roberts Oak Onke Chicago III Ill Rohe Bros New NewYork NewYork NewYork York City W W. C. C Routh Co Logansport Logansport Logans Logans- port POil Ind St. St Louis Louts Ind fad Packing Co St. St Louis louls Mo Sinclair Co T T. M. M Cedar Cedr r Rapids la Ia Sullivan Co Detroit De De- De- De troll troit Mich Norton Provision Co Cleveland 0 Wilson Provision 0 Co Peoria ill ItI Wl Western Irn Parking Parkins P and Provision Co Chicago u III lii buries harl s Wolff Packing Co Topeka Kan Kun |