Show Factors Fixing Price e of Hogs Present and Prospective Supplies Supplies Supplies Sup- Sup plies Are Among Dominant Domi- Domi nant Influences Prepared d by the th United Department of AgrIcUlture Financial returns to hog producers depend epen to a n considerable extent upon how v well they adjust the volume of their production to the Hie lemand for forthe forthe the the- product declares the Department of Agriculture as ns n ii result of a stUll study of the factors that affect lt ho hog bog prices e The dominant Influences In the hoc mat market says S S 'S the department fire aro tin the supply of ho hogs bogs on 01 the market antI and expected ex ex- to arrive on the market el within the thc next few fow months montH the tile quantity of or ho hog products In III storage the general price level hovel general business s conditions condi condl and the prices of alternative e products The general levels of d de demand the the- mand wand hero here and abroad arc are both Important Im Iii but hut ordinarily change only slowly Hog Price Cycle The he called so-called ho price hog c cycle cle WitS was found h by 13 the department to be he due lue to tile the tendency of ho hog producers s to overshoot overshoot over over- shoot hoot the thc mark III in Increasing production tion thin when the relation of hog prices to corn prices was favorable fn and omi to reduce too much when whon It was ur able Oile This excessive c reaction 6 says 1 g the department resulted from the tho accumulation accumulatIon ac nc- ac- ac of or production chon changes es during dur dur- ing tug the Interval Intel before reduced or Increased In creased breeding h began nn to te offset t marIet market mar mar- ket Iet receipts anti and prices Coupling the thc corn hog corn ho ratio Indicating ing lag what changes were likely cly to occur In breeding with other factors Indicating hull Indi eating cating- changes In the tue weight of lungs hogs and nn the demands of the consumers the department believes cs that lint very cry good forecasts of hog prices could have b been en mn made e for or the prewar period Since the war var however conditions have hn been so unstable that the purely mathematical formula has not given shen such satisfactory results Information From Surveys The department believes that Its It pig sune surveys s 's have ho provided the thc ho hog market with much better ID In information formation as QS to prospective supplies than were we're available u before the World Vou war while the agricultural outlook reports of or the department un and similar Information from other sources may mo be he tending to image farmers' farmers reactions Full Pull details of the study have been heEn published sh In Department Bulletin D. 1 entitled Factors Affecting the hue Price of or Hogs copies of which marbe mar mav be bc obtained from the thc Department of Agriculture Washington ton D. D C. C |