Show 4 1 1 1 I UNITED STATES UNITED STATES EXPORtS OF HOG NOG PRODUCTS Each Each l hog 1109 og represents head 1914 T 2 G 1919 lot I I Ij j 11 1930 1 1 L I 1933 e- e lI l- l I Estimated rilE riE accompanying graph constiA constitutes I A tutee tutu a explanation of one reason leuon why the prices for corn COrD and Ind hogs bop have bar been so 10 low the last lut few fears yeara The main reason rellon Is II the severe decline la In the export demand for United States Slates hog bor products since Ilace the 1919 peak In 1910 14 European nations took the equivalent of nearly six million hogs ball This was 1181 only a moderate export export ex u. port level but the total United States Statu hog hoC production at that Uma tiros was wu balance with the com com- combined bloed domestic and aDd foreign demand Under the stimulus of the World War foreign purchases of our hog hoc products jumped to the equivalent of ot about seventeen million hogs bogs But sine since the war our exports have ban dropped back again to the equivalent of about tour four million hogs bog This decline decline de d. cline has haa been due to a rapid restoration restoration restora tion Uon of hog hoC production In III European countries sine since th the war particularly In Germany and Denmark and more I recently because of ot tariffs and of quotas quota which limit the quantity of of Imports I Meanwhile hog hoC In the United States Stat hat has continued to Inv Increase In crease at about the same me rate as al the population Consequently the products prod nets DO no longer shipped abroad have baTe become excess products production on the home market and have han driven down hog prices price Some adjustment to this changed demand must be he made It If hog prices are to be raised railed to a more favorable level The corn bog pro pro- ro- ro control control program now being offered by hi the Agricultural Agricultural Adjust ment meat Administration will help farmers farm farm- era ers bring about this nece Rry ry better balance |