Salt Lake Telegram | 1928-01-01 | Page 20 | Cattle, Sheep. Hogs

1 J I Cattle Sheep Hogs fr i iBy 4 By J. J H. H MERCER Chairman National Livestock and Meat Board TOPEKA Kan Dec 31 AP AlThe AP- AP The he year 1927 1921 has luis proven fairly satisfactory satisfactory sat sat- to American livestock pro pro- Margins between production costs and selling prices for cattle cattie catte and sheep have permitted reasonable profits Average prices for cattle catte were approximately 20 per cent cent higher while sheep prices held a fair but som somewhat what lower l level vel than thanin in lot 1926 The swine industry did not fare so so wen well since market maret values of hogs slumped from to 4 per bundred hundred hundred hun bun dred during the year without apparent apparent apparent ap ap- ap- ap parent justification With market Ji l t c j q Nt Cf J. J H. H MERCER receipts for 1927 1921 much below the tho average of the years since the war and the hog population In this country country country coun coun- try approximately less than before the war buying powers succeeded in forcing prices down downto to such uch an extent that producers at best have hive been able abl only to break even in their operations ns Taken as a whole however the past past year has been more profitable from th the livestock producers' producers viewpoint viewpoint viewpoint view view- point than any year since the de deflation deflation de- de flaton period following the war From present Indications the Immediate immediate immediate im im- Im- Im mediate mediate- future appears even more promising and we believe during the next few years the livestock industry will wf come into its is own and producers will wi enjoy a period of generally satisfactory prices In summarizing the reasons for enc encouragement I would say that 1928 should prove profitable first because the industrial east is prosperous prosperous pros pros- with wih slight Indications of change s second cond because supplies of ot livestock are not excessive and will wi not exceed a normal demand and third because in all aU probability congress congress congress con con- winter gress will wi enact farm tar legislation this