World hog and pork prospects

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Material Information

Title:
World hog and pork prospects
Physical Description:
v. : ; 27 cm.
Language:
English
Creator:
United States -- Bureau of Agricultural Economics. -- Division of Statistical and Historical Research
Publisher:
Bureau of Agricultural Economics, Division of Statistical and Historical Research
Place of Publication:
Washington
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Swine -- Statistics -- Periodicals   ( lcsh )
Pork industry and trade -- Statistics -- Periodicals   ( lcsh )
Genre:
federal government publication   ( marcgt )
periodical   ( marcgt )

Notes

Dates or Sequential Designation:
- HP-83 (Oct. 1936).
General Note:
Reproduced from typewritten copy.
General Note:
Description based on: HP-8 (July 9, 1930).

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 026660448
oclc - 30588199
Classification:
lcc - HD9435.U5 A25
System ID:
AA00013004:00002

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Succeeded by:
Hog situation


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Full Text

A 3 4 -3 9

UNITED STATES DEPART' IT OF AGRTCULTUR IE
Bureau of Agricultural Ycononics
Washi:igton I, :i-POSITORY
Fpg9 August 18, 1930
OlDRLD !C0 AD1) POHK PROSPECTS



'IfIE WORLD SITUATION


SThe significant factors controlling the foreign market for American

ii sk products at the present time are: (1) A larger number of hogs than

'- '".ii year in all irportent foreign hog producing countries; (2) Increasing

S pro uotion and slaughter; (3) A considerably larger supply than last year

'pf current export pork in European and Southern Hemisphere surplus producing

o@mtt.ies; (4) A downward trend of hog prices in Europe; (5) Some check-

a.,: the decline in European feed stuff prices.

There are no indic-.tions of any immediate improvement in the British

or ont... inehtal demand for Amnric n pork and pork products. Instead, the

c Ure~It trend is toward a less favorable market for cured pork and other pork

products, including lard, in 1930-31.

A record number of hogs on hand in Donmark -nd substantial increases

over last year in the Notherl..nds foreshadow thu rucoipt of incre-.sed suppli-s

of Continental pork this winter in Groat Britain, th" loading foreign market

for Amorican pork products. Domestic pork supplies in Gr-cat Britain continue

Sat levels under last yocr, .ith no prospects of an incrersc. In Ireland thero

as. boon some increase in th- mumb'r of hcgs utilized in bncon factories, but

British and Irish supplies are factors of minor importance in the British

!*uod pork market situation.








- 2 -


In Germany the June 1 pig census indicates that marketing for the

next two months will be larger then a yoc.r ago, and for the season beginning

October 1, 1930 may run 15 per cent higher th..n during the current sorson.
*
Conditions in Germany reflect the situation in other countries primarily

concerned with supplying Continentrl r-quirements in cured pork.

Lard imports into Croet Brit in for the current season cro definitely

below those of lrst yoc.r, with prices showing no sign of recovery from the

low levels of recent months. Similar conditions rro reported for Germany,

but in that country, while imports :.ro declining, the current season's total

rcm.ins higher thun 1-st yerr. Lou. butter 'nd vegetable oil prices continue

r.s depressing factors with respect to l-rd. The increased Europern hog

slaughter anticipcted for th-s coming winter m':y be expected to act as an ad

ditionrl. unf-vorr:bl influence upon the Europr.r outlet for Amorican lard1

The downward tendency of hog prices in Europo-n countries is expected

to continue for sometime r.nd it seems probable thct hog production in most

of those countries will become unprofitable within a few months. If food

supplies should be as much below l, st yorr ras now sees possible, with eone -

sequent upturn in feed prices, the number of 1931 spring pigs throughout

Europe will probably be fewer thr.n in 1930. Hoowver, because of the Dcnish

free trade policy in foodstuffs, the hog price decline m:y not reduce this

ye'.r's fell farro-.ings in th:t country as much rs in others. In the Nethorlrnds,

also, hog production mty be profitable until l.te in 1930 because of tho

rolrtively low fo d prices.










,.. miii::!!....... .,',, Ji.J


HP-9







HP-9


Fog prices in U.it 'd St-tes cc iti.i e- to decin: i- diurinI, July in spite

of reduced inark:etin.,s. Cured pork prices s sc.nveed litt'tc ci.n,_,e, but fresh

cuts declined. Lard prices declined below nre-wir levels. Extended drought

in the Corn-belt states h:.<.s .ni.triall;, damnr;ed the co:n crop and corn

prices ':.ve reacted upwrrd durin- recent weeks. The hu'-feed ratio is below

the p.ver..ge level.

HOG SLA'JGHTLR: erany,; Den-'rk Uind Canadl:', by months, seasons
October September a/ 1927-28 to 1929-30


Jermrany, at 36 De-:aark, in export Canada
:points __ houses_ i:nsoocted
monthh 1927- : 1928- : 1929- 1927- : 1928-: 1329-: 19C2- : 1928- 192
S126 : 1-J29 : 190O : 1923 : 1929 : 1330 : 192, : 1929 :193C
0 21-o- : Th.oa- : Tho-: Th1ou- : T.;u-: Thou-: Thou- : Thou- : Thou
: snds : sca.nl : sands: ;,ds : s uds: snds: se dss: s rnids : snl,
: .


Oct...
Nov...
Dec...
Jan...
Feb...
.or...
Apr...
, .y ,,. ..
June..
July..
Aug...
Sept..


419
467
445
452

475
4539
467
: 58i :
: 82
: 04
: -~4 0 :


445
403
407
'86
367
411
U 95
391

340
225
545


557
335
562
551
351
375

374
571
5-44


425
446
475
4'4
477
456
434
497
415
415
427
290


494
598S
442
102
542
584
429
455
558
452
599
-122


501
395
4L8


208
248
254
271
243
2:47
222
219
205
164
140
161


200
252
239
249
208
215
208
187
161
159
161
142


207
234
223
20'
16L
16E
162
174
15S


/ Season accepted as t.-- most representative for the United States.

United Stotes

A werckened demand, rs evidenced by lower prices and smaller supplies,
was the outstanding feature o' t.e domestic hog r.!rket in July. Prices advanced
during: t.e first two weeks of July, but this w.s more than offset by t.-e de-
cline during. tnie two following weeks. A sli-,it recovery was made during the
week ended August 1, making an aver.-e price for July pt Cnicago of $8.75 as
colmared with $9.52 for June and $11.20 for July, 1929. It was the lowest month-
ly average since Deceimbcr, 1928. Federally inspected hog slaughter dxrin; July
amounting to 3,187,000 E.ead was 13.6 per cent smaller than that of June and


-3-







HP-9


11.4 per cent under tae inspected killings of July 1929. SlaUgAter supplies
during t.ie first ten months of the marketing year were 6.3 per cent of
those of ti.e sane period in 1923-29. Supplies ,arir, the next two months
are expected to be considerably under those of a year earlier, unless a
continuation of the drought results in -eavy liquidations.

The weakened demand and lower prices were largely a reflection of
unfavorable business conditions, and a more unfavorable foreign demand.
Payrolls in manufacturing plants during July were 20 per cent lower than a
year earlier and were at the lowest level reached so far in the present
depression; wholesale prices of all commodIities also continued to decline
and were 15 per cent lower than in July 1929. Lower prices prevailed for
all conipeting meats, with greatest declines occurring for beef. The retail
prices of pork products during the first half of the year declined about
1.5 per cent from t.iose of t-.e corresponding period in 1929 in spite of
which there was a decrease of 2 per cent in per capita consumption.

Wholesale prices of fresh pork advanced during the first half of
July, but declined during the second half, and the monthly aver-aes were
lower than tnose for June. Light loins, which are selling at an unusual
premium over ineavy loins,were an exception to this general tendency and
averaged higher for the month, but they continued- to show a greater decline
from last year's level tnan most of the cheaper cuts. T-e Chicago average
of 10-12 pounds loins was $21.55 in July or $3.33 below the July 1929
average.. 8-12 pounds skin-ed shoulders averaged $14.82 or $2.46-lower than
a year earlier, and spare ribs at $11.98 were only $1.45 below last year's
level.

After making a general advance in June, the price of cured pork pro-
ducts remained at about the sane level in July, with the price of light
weight cuts slightly stronger tian those of heavier weights. The July
average price at ChicC'.go on io. 1 regular smoked hans, 12-14 pounds, was
$25.45 or $2.88 under the July 1929 average. Other July price comparisons
at C.'.icgo with those of a year earlier show declines of about $1.50 in
dry cure baca $2.50 in sweet pickle cure bacon, and $2.00 in dry salt
backs. T..: export movement of pork in June was smaller than that in either
:-ay 1930 or June 1929. Total bacon exhorts were only about half as large
as those a year earlier and smaller quantities wore taken by each of the
principal foreign buyers than during the previous month. United Kingdom
received about half the total movement, but their takings in June, amount-
ing to 3,754,000 pounds, were 700,000 pounds less than t-,ose in ;,ay. Ex-
ports of nams and shoulders in June amounted to 12,158,000 pounds as com-
pared wit.i 15,845,000 pounds in 1.1ay. Total exports of these cuts during
the first nine months of the current marketing year were about 6 per cent
larger tion the movement during the same period of the 1928-29 market-
ing year. Storage supplies of pork continued relatively small on July
1, amounting to 678 million pounds or 19 per cent smaller than those of
a year earlier.


-4-









- 5 -


Lower prices, reduced production, and smaller exports characterize
the current lard situation. Refined lard prices in July remained at the
low level reached the third week in June and the Chicago average of
$10.50 was 50 cents lower than that of June and the lowest monthly average
price since in 1916. Chicago prices of lord substitutes during July
averaged $11.25 or 75 cents higher than the price of Lird. June exports
of lard amounting to 56,666,000 pounds were about 6 million pounds under those
of May and about 10.6 million pounds less than in June 1929. Stocks of
lard in storage continue relatively small. On July 1, they were 40 per cent
smaller than on July 1, 1929, and 27 per cent under the 5-year &verago for
that date.

The decline in corn prices was checked during the first part of
July and advanced during the renLinder of th' month. No. 3 yellow corn
at Chicago averaged 82 cents as against 7-: cuts in June. Farmers are
being advised to substitute nwho:t for corn in livestock rations in many
sections, due to the low prices of whoCt us compared to those of corn.
On July 15 the average farm price of corn was 77 cents and that of wheat
was 80 cents. The cdvance ..n corn prices Lnd duclino in hog prices ro-
sultod in e decline in the corn-hog' ratio in th.. north-contrcl States
from 12.9 on Juno 15 to 12.0 on July 15. Drought conditions prevailing
in the corn bolt m-ke the size of the corn crop quite uncertain, but con,
siderable damtgo has boon done during the p.st few wev-ks. The more un-
favorable food situation mr.y tone to reduce the size of the fall pig
crop. The June Pig Survey indic: ted that it would be bout cqur.l to the
fall crop of 1929.

United Strtes: Averrgo live weight of hogs slaughtered, 1925-1930


Month


Jen.................
Feb................. :
Mar ..................
Apr ................. :
Mcy ...... .......... :
June ................ :
July ................:
Aug ................. :
SSept ................ :
SOct..... ........... :
Nov................. :
. Dec. ................ :

i: Average.............


1925

Pounds

212.1
215.7
219.3 :
225.0
228.5
230.9
241.1
245.8
239.0
229.2
221.6
224.6

225.5


1926 1927

Pounds : Pounds

232.8 : 226.9
234.8 : 232.3 :
239.1 : 235.6 :
240.3 : 235.2
238.1 : 235.4 :
246.1 : 238.2 :
258.1 : 251.2 ;
259.0 : 253.8
239.7 : 240.4
215.9 : 225.9
212.3 : 218.3
217.5 : 217.6

235.1 : 233.3 :


1928 1929 1930

Pounds ? Pounds : Pounds

225.0 : 225.4 : 229.3
230.9 :227.9 : 231.0
229.5 :229.5 : 230.2
225.5 : 229.8 : 228.2
230.3 : 232.3 : 229.9
231.9 : 239.6 : 239.5
241.3 : 250.0
243.3 : 249.3
233.0 : 238.3
226.6 : 228.8
223.6 : 220.1
222.9 : 223.C

229.3 : 231.7 :


reports.


Compiled from slaughterhouse


HP-9


f
*
*
*
*
*
*
*


*









-6-



United States: Total bacon exports, by months,
1925-26 to 1929-30


Month


Oct....... .......... :
Nov....... ......... :
Dec........ .... ..... :
Jrn ................. :
Feb.................
Mar.................:
Apr .................

June ................:
July... .............0 :
Aug ................. :
Sept ................ :
Total 1


1925-26

1,000
pounds

13,166
13,562
16,405
21,142
14,980
13,597
11,570
12,225
9,472
7,670
12,131
14,870
160,790


1926-27 I 127-28 1928-29

1,000 : 1,000 : 1,000


pounds : pounds


11,742
8,507
9,601
10,015
9,642
8,567
7,417
7,852
10,301
9,270
7,864
11,620


7,709 :
6,013 :
9,347
11,660 :
10,921
15,106
10,073 :
9,692 :
9,620 :
11,648 :
10,945 :
6,881 :


pounds *

4,973 :
6,716
9,593 :
13,014 :
11,286 :
10,985 :
10,225 :
14,395 :
12,761 :
10,950 :
13,171 :
10.288


1929-30

1,000
pounds

9,858
11,452
9,868
13,324
12,184
12,249
7,979
8,553
6,413


: 112,398 : 119,615 : 128,357 :


Compiled from the Monthly Summary of Foreign Commerce of the United States.



United St:tos: Totrl exports of hrms and'shoulders, by
months 1925-26 to 1929-30


Month


Oct................. .:
Iov................. :
Dec ...... .......... :
Jan........... ..... :
Feb.................
Mar ................. :
Apr................. :
M:-.y ................. :
June................ :
July................ :
Aug.................
Sept .............. ..:
Total.........


1925-26

1,000
pounds

14,494
16,243'
19,827
21,000
19,105
18,117
18,059
16,682
13,218
13,512
. 15,972 :
11,425 :
-197, 654


1926-27 1927-28 1928-29 1929-30
1, 0 0


1,000
pounds


10,847
13,105
12,675
9,873
9,511
9,253
10,007
13,092
13,471
13,158
S8,215
11,123
134,330


1,000
pounds


7,632
7,374
9,905
10,005
10i976
12,222
11;258
11,390
13,:754
13,557
13,402
6,681
128,156


1,000
pounds

4,747
7,637
8,518
11,187
7,680
11,140
13,857
11,246
12,571
12,621
10,849
8,478
120,531


1,000
pounds

7,580
11,656
6,957
9,461
9,213
10,790
12,416
13,845'
12 158


Compiled from the Monthly Summ ry of ForoignS Commcrc of the United States.


HP-9


*
*
*

*
*
*
*
*
*


*
T
*
*
*
*
*
*
*
*









7 -




UNITED STATES: Total lard exports, by imnths,
1925-26 to 1929-30


1925-6 192b-27


19L7-L8 .1928-29 1929-30


Oct. .
ov. .
Dec.
Jan. .
Feb. ..
Mar. .
Apr. ..
May ..
June .
July .
Aug. .
Sept. .
Total


. .
. .
. .
. .
. .
. .
* .
. .
* .
. .
* .
* .


S1,000
pound

44,745 :
S39,79
68,640 :
76,670
65,356
64,259 :
63,1 :
58,154
56.482
45,873 :
54,273
61,577


. .: 699,568 :


1,000
pounds

46,988
,3.488'
62;68C
59,842
49,880
53,040
67',345
64,418
66,4.4
43,972
50,816
59,736
071,60l


1,000
pounds

50,355
4C.636
6 ,8355
70,660
79,372
79,929
5e 54

55,436
5r4.936
50,058
46,158


1,00C
,ounds

59,865
67,716
86,358
89;932
65,924
70,572
59,144
64,192
67,252
64,274
55,487
56,329


: 70b,593 : 809,045 :


Compiled from the Mionthly Sunr.ary of Foreign Coirmerce cf the United States.




Canada

Inspected hog slaughter in Canada during the first six months of
1530 was about 15 per cent smaller th:.n that of the same period in 1929,
and total pork exports were reduced about 32 per cent. The overage price
of hogs, all grades, at Toronto during June was $12.30 as compared with
$12.85 in June 1929. The decreased slaughter h-s been rcflucted in
larger takings from United States. Imports of hems and shoulders from
United States during the first half of the year wore 15 per cent larger
than those of the first hAlf of 1929.


HP-9


Month


1,00n
pounds

70,698
63,257
80,053
73,291
65,953
66,533
50,045
62,562
56,666


_


_C __


__I_I___ __







HP-9 8 -

CI/iLADA: Hog movement first six months of 1930 with comparisons

: First six months
Item : Unit
S. 1929 1930


Inspected slaughter ............: Iumbcr : 1,228,324 : 1,037,720
Sales at stockyards ............: 540,519 477,606
Billed thru stockyards........: 118,026 : 310,751
Total ................ ....: : 658,545 : 788,357


Average price Toronto June: :
Select bacon .................:Dollars par 100 lbs.: 13.45 : 12.91
All grades ................. : : 12.85 : 12.30

EXPORTS :
Live hogs, total .............: umber : 1,189 : 1,621
To United States .............. 260 : 75

Bacon, total ................:; 1,000. pounds : 14,633 : 8,107
To United States ............: 1,319.: 81
To Great Britain .............: : 13,049 : 7,063

Pork, total ............... : 5,267 : 5,584
To United States .............: 2,070 : 843
To Great Britain .............: 2,243 : 1,334

June Livestock Market and Leat Tra.dee Review 1930.



United Kingdoma

An unustarlly strong British rmarrkt for Aru-rican short cut green hams
during July brought the principi-1 verge for the month up to $24.58 per iOC
pounds. According to cabled figures received from Ancrican Agricultural
Commissioner Foley rt london, h-r. has bcan the line of cured pork to show
the least decline below last season's levels, the current average being only
$1.50 belo7 the July 1929 average. Liverpool average quotation for July on
other description, however, show American green bullies $2.31 below last
year's figures at $17.68, while Danish Wiltshire sides, at about $20.00 wore
more than $7.50 below a year ago. The current tendency toward easier levels
for most lines also carried Canadi.n green sides to $18.85, down $7.13 from
the July 1929 average. Liverpool cured pork stocks on July 1 were slightly
smaller th.n on June 1, and 32 per cent below stocks as a year ago.

Total banon imports into the United Kingdom during June, while a
little smaller th.n in May, were 16.6 per cent larger thrn in June 1929.
The advance for that month placed totE.l bacon i.;ports for the period October
1 Juno 30, 1929-30 1.7 per cent ahead of the .orresponding 1928-29 period.
Denmark contir.ues to rE.rry the bulk of the increase. While smaller than in



.:i








HP-9


- -0


May, the June rucsipts front D ;nrr:..!: .-rje 2n. pir c.nt 1 .r. r th' n in Juno
1929. For thu season to June 30, tot:l imports fro. thrt source in 1i'9-30
wore 10.2 per cent rlrgur thr.n ilf 1928-29. The reduced shr.ro of the United
States in thut trade for the last two months resulted in r drop of 46.7 per
cent in the imports of United Str.tos brcon for Juno acgrinst last yor.r's
figures rlthouch the sor.son's totrl continued aLhord of the 1928-29 total.
Reductions occur r.lso in current imports from the Irish Froo St te r.nd
Carnada. Continent:l countries other thin D-.nmrrk have provided incro sing
qurntitios of brcon for British markets in roc:nt woaks. Total h-m imports,
Icrgely from the United'Strtes, we -o slightly Irrger in Juno 1930 th.n a
year orrlior, rnd the s-c.son's cumul:tivc tot-1 on Juno 30 Tas 6.5 per
cont larger th n l.:st yor.r.

The continued we knoss in the int.-rn.tionr.l l".rd mr.rkets brought
the Liverpool avurage for July down to ^i1.20 pjr 100 pounds, Mr. Foley
reports. ThG current r.verrgo m: rks c. decline of 5.5 per c-nt bulor; the
pre-vnrr cvorrge for th-t month. The sharply reduced July 1 stocks of
refined l-,d'nt Liverpool vwere 84 pujr cent under the July 1, 1929 figures
and tho smrllost for any month since December 1927. L. r-d imports during
June reached a mode-r-.to tot.l, r.nd showed only slight cdv-.ncos over either
Mcy 1930 or June 1929. T-.e June 1930 imports, together with reductions
in the April cnd Mu:- figures. as ogLinst lrst ycer resuilt.ed in the scnson's
'tot.l imports to Juno 30 going 1.4 p-r cent below those of last season.

United Kingdom: Bacon imports fror the United Strtos, by
months, 1925-26 to 1929-30


Month 1925-26 1926-27"
: 1,000 : 1,000 :
Sounds : pounds:

Oct................. : 11,947 : 10,032 .:
Nov.................: 9,962 : 7,530
Doc.................: 15,889 : 7,068
Jan .................: 16,237 : 8,624 -:
Fob............... .: 17,226 : 7,569 ::
Mcr................: 15,427 : 7,896
Apr.................: 11,951 : 5,234 :
May............ ......: 1 ,758 : 4,122 :
Juno...............-.: 7,995 : 5,037
July...............-.: 9,430 : 7,705 :
Aug.................: 7,386 : 7,479 :
Sept................: 12,142 : 5,494:
Total.........: 146,350 : 83,790


,: Compiled from Trado .nd Ncvigrtion of thu


1927-28
1,000
pounds

5,970
3,213
3,457
4,696 ':
5,541 :
7,489
5,550
6,564
4,65C -:
5,530 :
7,389
4,509:


1928-29
1, 000 -
pounds

2,780
2,651 :
2,878 :
7,477
6,467 :
6,084
3,821 ':
10,480
7,043 :
6,775 ':
6,437
3,242 :


1929-30
1,000
pounds

3,463
4,114
5,672
S7,-124
7,.C38
9,341
.5,4068
4,536
3,754


64,558.: 66,136 :
United Kingdom.








HP-9


United Kingdom: Bacon imports from Denmark, by
months,'1925-26 to 1929-30


Month


1925-26
: 1,000
: pounds


Oct................. 6
Nov ................. :
Dec ............. .. .:
Jan................. :
Feb .................6
Mar ................. :
Apr ................. :
IMay ................. :
June....... ..... .. .:
July ........ ........:
Aug......... ...... .:
Sept ................ :
Total........:


31,690
29,306
40,377
31,207
30,472
36,205
30,468
50,474
29,770
34,266
36,712
34,601
395,548


1926-27 : 1927-28 1928-29 1929-30
: 1,000 : 1,000 : 1,000 1,000


pounds

34,557
S38,931
40,194
41,803
42,436
S47,526
42,993
44,205
51,795
S50,710
. 46,941
48 143
: 530,234


pounds

50,090
50,257
52,244
54,975
53,942
54,675
52,745
51,109
51,636
44,562
48,924
42,633
609,792


pounds


S50,703
48,063
:45,580
48,717
41,508
41,985
44,031
46,758
41,886
S46,570
48,121
48,350
:552,272


pounds

47,486
48,525
53,490
48,406
44,439
51,870
46,204
56,206
54,456


Compiled from Trade and aviationn of the


United Kingdom.


United Kingdom: Total bacon imports, by months,
1925-26.to 1929-30


IMonth


: 1925-26

S1,000
: pounds


Oct..... ............ :
Nov ....... ... ..
Dec .................
Jan....... .......... :
Feb ............. .. .
Mar ..................
Apr .................
May..... .......... :
June ................:
July ................:
Aug .. .. P....... ..
Sept................ :
Total..........:


66,9E3
S60,259
* 1,951
66,329
S65,935
71,126
64,527
60,794
:61,431
:71,841
*69,4L97
77,123
817,796


1926-27

:1,000
Sounds

73,275
76,138
: 78,867
: 75,371
69,874
:82,487
: 71,277
: 76,630
S8,348
:84,105
:74,480
.80,159
931.,011


1927-28

1,OCO
pound s


65,552
79,579
80,679
:82,344
85,153
: 87,041
83,815
88,759
S86,387
79,212
: 86,862
:71,796
:997,179


S1928-29

1,000
:pounds


82,378
79,297
76,771
88,092
68,612
68,923
73,126
87,845
71,894
80,360
82,290
733505
933,093


Compiled from Trade and Navigation of the United Kingdom.


1929-30

1,000
pounds

*72,402
74,868
85,603
74,801
73, 721
84,631
75,096
84,615
83,277


I ~-- --- ---' I-~I- -~-I-


'~-~----'


~










-11-

IUNIT2D KIIHGDO::: Totrl h: ,1 imports, b;. months,
1525-26 to 1929-30


Oct.................
Nov .................
Dec.................
Jan ...... ..........
Feb .................
. r .................
Apr........ ........
a,.u .................
J e1 ................
July. ......... .....
Aug ................
Sept...............
Total .......


1925-J6

1,000
: pounds

9,479
11,615
: 13,404
13,615
13,066
12,516
12,252
12,076
10,945
10,482
10,451


192u-27 1927-28


S1,000
Spo'l.ds

: ,929
: 3,762
: 11,518
: 6, 47
: 5,513
S 6,910
S 6,523
S S,208
: 12,410
: 1 ,03 :
S 8,282


1,000
po'u',.ds

7,802
5,836
7,817
6,896
9,062
9,264
7,9%3
9,334
10,782
11,404
13,594


: 11,449 : 8,902 : 7,505
: 141,348 : 106,638 : 107,289


S1928-29

1,000
'OUIads

S 6,484
6,782
: ,7 ZZ9
8,788
: ,232
6,328
: t,981
S14,136
S10,499
S12,042
S12,073
: 8,073
* 110,257


1929-30

1,000
: poLUds

: 0,10
S 8,125
S 9,547
S 7,920
: 7,959
S 8,601
S 9,539
12,298
10,983


Compiled from Trade c.id i:.vigation of tho U'.itad ii .,dom.

U1ITED KI: -D ': Total lard imports, by months,
1925-26 to 1929-30


Oct .................
Nov.................
Dec.................
Jan .................
Feb .................
r .................
Apr.................
i ;/; .. ..............
Ju' .e........ ... ....
July ..............
Aug .................
Sept................
Total .......


1925-26

1,000
pounds

16,811
19,654
21,40 :
20,848 :
24,261
23,753 :
28,172 :
18,843 :
20,953
23,074
19,148
25,361
262,281


1926-27

1,000
:,oxuds :

21,569
12,710
13,772
21,665
19,156
20,989
27,032
24,264
28,564
26,006
17,571
22,360
255,638


1927-28

1,0!0
po-'J. d s

17,360
21,058
22,551
27,794
28,421
33,840
23,081
24,398
19,596
24,667
21,844
13,346
277,756


1928-29 1929-30

: 1,00 : 1,000
: pounds : pou..ds

S 18,079 :21,644
: 21,551 : 24,004
S 17,480 : 27,lb0
55,923 : 27,559
: 2,752 :25,187
S 22,254 : 24,810
S 21,612 : 18,218
: 26,479 : 20,772
S 20,498 : 21,078
S 25,977
: 21,204:
S 16,899 :
: 277,688


Compiled from Trade and liavig:.tion of the


_ _~_ _~C_


--------


HP-9


*


!'lonth


United Kingdom.






HP-9


Sec.sonal reductions in available domestic British pork supplies
were sharper than usu.l, with inarket receipts of hogs for June falling
20 per cent below figures for June 1929. From October 1 to June 30
1929-30, such receipts ran 15 -;er cent behind last year's figures, and
also u-idur those of 1927-28. Receipts for tnje current season have run
about the same as the avcrge. for the pre-war years 1909-10 to 1913-14.
Tale greatcr-tha.n-s-asonal reductions were reflected also in a decline of
19.7 per cent in the June receipts of British and Irish pork at London
Center ::,.r:ets. The Jun, 1930 figure whs below t-at of any Juno since
1926. Up to June 30, recci-ts for the current season since October 1
stood 2.1.8 per cent under last season's total. In Ireland, hogs pur-
chased for curing during June were in larger numbers then last year for
the first time this season. Indicrtions- are that -for -the coming months'
such fires 'will 'continue to be larger than a. year ago.

Conditions in Continental Zurope

G & rmu.,?,

T.:c reported increase in the number of hogs available for market
in Gernany became more evident during July, according to information
received by cable from Assistant Agricultural Conmiissioner Dawson at Berlin.
Hog rccei -ts each week at 14 markets were larger than the weekly
avers. ,c for July 1929, making the second successive month of the current
season wherein receipts were larger than last year. For. the period Octo-
berl--Ju.:e 50 1929-30, however, receipts were 6.1 per cent under thoee of
last season. Indications are that the complete slaughter returns at 36
centers _cr July will exceed those of a year ago as did the June 1930
figures. For the current season to June 30, however, total slaughter
still ran 8.7 per cent behind the 1928-29 season.

German hog prices showed a somewhat seasonal upturn during July, the
Berlin average for heavy hogs going about $1.00 pbr 100 pounds above
the June level to reach $14.29. That figure, however, was $3.97 below
the Jun: 1929 average. Since 1925, the only July price to go lower than
the current level occurred in July 1927. Indications are that during July
there was some strengthening of the feedstuffs markets. Available data
indicate however that up to the end of June the reported recent upturn in
prices- _ad not yet materialized. The Breslau average price of feed potatoes
for that month, at 22 cents per 100 pounds, was among the lowest prices
on record. It was more than 50 per cent under the June 1929 average, and
40.5 per cent under the pre-war figure.: In Leipzig, feed barley made a
sharp decline in June. The average of $1.79 per 100 pounds was 20 per cent
under the June 1929 level and nearly down to the 1909-1915 average. As
reflected by Berlin quotations, hog prices in June were 21.7 per cent under
a year ago. It may be .said, therefore, that to the .latest date for which
fi. uros are available, hog feeding continued somewhat more profitable than a
ye.'a ago.

The continued universal weakness in lard brought the July average
price at Hamburg down to $11.48 per 100 pounds, one of the lowest fig-
ures on record. It was 18.6 per cent under the July 1929 average and
9.3 per cent lower than the July average for the years 1909-1913. The





HT-9 -

Juno l rd inmorts into GCLT-.nry rirnt.in.:i th' r-l'tivuly livht volume of
recent months, and only slightly ux23uO!Cd tni. Juni 1'"2 fifurLs. Thu
sc.son's totrl irrorts of 1-rr sine,. OetobLr 1929, howev.,.r, is c little
lIrgcr the'.n lIst s-'son's tot 1 oviing to ht.vi-r i,~orts fror Octobt.r to
JRnuk-ry 10c9-30. Tih bulk cf tlu l:rd inmicrt.- ecr..s front thu United
Stctcs. In b. ron inrorts, r.ost of al.ieh com.n frcm thu I',.th-rl nds, ..
shcrp doclinc for June rcce.ntu: tid tli doLn;,'rd t1ndcnucy in -LidIfnce
sir.nce .l.rch. The urr-r.t figure, ho'.vwr, '.:'s still JIr.qr thin rc yJ-r
ago, .nd the- s&.son's taking run '72.1 -' r cCtt :hurd oi 1928-29 figurir.s.



,Z',JY: ihlu~mbr cl' young: .;is, brood sows End tot 1 hops
on sp-cificd dtacs, 1927-19:30


S Young- pigs :


Brood sows


Dcto of : Under : Eirht : : : : Totcl
census : Githt vo.Aks to:Six rntha Cvzr : Totrl : hgs
tor 1 yhrr
: V7ks :six r.-nthst1 1 r 1 yrr :

:T1hous, nds:TThous nos:Thouscnds&Thous~nds:Thous nds:Thous nds


June 2, 19i1...: 14,__25


1927...:
1920...:
1923...:
1929...:
i329...:
1929...:
1930...
1930...:


4,379
4,936
4,003
4,169
U ,3573
4,412
5,012
5,099


8,4 7
8 557

S S. V P.
8,OL'.

8,(179
8,1785
9,178


714
504
707

071
u52
b65

876


1,551
1,218

1,150

1,145
1. ,208
1,178
1,229
1,356


2,245
1,722
1,857
1,o19
1,816
1,8c0
1,341
1,951
2,232


22,118
22,899
20,187
20,106
16,794
19,604
19,920
18,649
19,8C4


Corpilud fror.. Dutschcr ,ui.'hs iz.'igo..r, VicrtAl J' h:sh.
front A-riculturrl Co'rissionrr ;t Berlin.


G- ; -'7Y: Totc.l b con inrorts,


ft.. nd c:blLS


by nontho, 1925-26 to 1925-,3


i;onth 19 ;5-26 1926-27

: 1,000 1,000 :
: pounds : youns :


19: 7-28


1928-29 1929-30


1,OOC : -1,000 : 1,000
cund s : pounds : pounds
*


Oct.
Nov.
Dc c.
Dec.
J r.n.
Feb.
Vrr.
Lpr.
YIcy
Junc
July
-ug.
Sept.
To


O..00 Sf3:
.... ...:
|1|.|1..:
oooooo
Olmiloo*
o@ oomoo*
ioOooO@*
*
o*
*
r*
*
I*


' ,442
959
I ,2o5
1,911
2,021

1,775
1,758
1,9z7
1,452
1,877
1.999


2,118
2,007
1,5525
1,493
1,127
867
847
778
606
474
912-


1,019
945
913
905
1,213
6 5
418
322
602
421
383
523
8,289
H, ndUl


817
811
1,050
1,302
769
908
705
795
687
1,102
953
1, 23
10,982


Konu-tlichu I ci. uLr d--r .usv.-rtin
IMonutlichc. I. ch..ci:j- ubOr din :usw:rtigon


Juno
Duc.

Juni
S1pt
Du c.
l'pr.
Ju5ii


1,839
1,560
1,111
1,377
1,607
2,239
1,795
1,139
937


-- --- --~--


------


Dcutschicnds.


tU.l .....: 21151 : 1i ,8.


.




. ** -


HP-9 -14-

Germany: Imports of lard, total from the United States, by
months, 1927-28 to 1929-30


: 1927-28 1928-29 1929-30
Month : : United : Total : United Total : United
: Toal : States : : States : : States
:1,000bs. 000 bs. 000 bs. 000 bs.00 lbs.:1,000 bs.000 1000 000 lbs.

Oct.......: 20,533 : 17,614 : 13,240 : 10,698 : 20,480 : 18,148
Uov....... 14,437 : 12,282 : 15,793 : 13,949 : 18,831 : 16,719
Dec.......: 12,192 : 10,040 : 19,375 : 17,517 : 21,081 : 18,959
Jan.......: 16,159 : 13,336 : 24,841 : 22,300 : 24,367 : 20,756
Feb.......: 16,375 : 13,353 : 13,688 : 11,435 : 15,686 : 13,586
Mdcr.......: 2,305 : 19,329 : 17,686 : 16,157 : 17,364 : 15,157
Apr.......: 18,546 : 16,197 : 22,818 : 20,369 : 17,886 : 15,250
May.......: 14,311 : 11,701 : 1964: 17,905 : 1=,545 : 12,052
June......: 14,555 : 11,539 : 13,528 : 11,423 : .13609 : 11,154
July......: 13,711 : 11,117 : 14,233 : 11,391 :
Aug.......: 13,829 : 11,696 : 13,080 : 10,791 :
Sept......: 14,760 12,145 : 13,065 : 11,083 : :
Total.....: 191,713 : 160,649 : 201,015 .: 175,018 :

Lonatliche Nuchweise uber don auswartigen H.ndel Deutschlands.



Denmark

Preliminary figures on the basis of returns about 1/5 completed,
indicate that the number of hogs in Denmark cs of July 15, 1930 might
reach the record totcl of 4,900,C 00 head, Mr. Dawson reports. If the
final count runs as high as expected, it would mean an increase of 31
per cent over the former record reached in 1927. Indications rre that
the number of hogs under eight weeks old will rc-ch 1,677,000, or
500,000 more th-n in 1927. Owing to the f.ct that no duties are levied
on fccdstuffs imports into Dcnmark, hog feeding there is expected to
romvin profitable long :r th-n in Germ-ny in spite of the downward trend
in hog prices. ..

Totel bacon exports from D-cnmrrk in Juno, most of which wont to
Greot Brit',in reached 51,000,000 pounds, Lccording to prelirmincry re-
turns. That figure wr.s unusually high for June, rPnd whilo sm".ller thn .
the May 1930 report, it vr s about 9,300,000 pounds 1 rogerr thrn the 3x. ..
ports of June 1929. For the current season to d. to, the Dr.pish be.con.
export figures havo illustr-.ted thj consistent increases in.pork sup- ...
plies. For the 1929-30 scrson to Jun, 30, totrl brconr exports from.Don-.
mark wore 10.4 per cent l.rger th-n for the sa.me months of 1926-29, It.,
appears th:t so far British markets hv.ve.r.bsorbed fairly easily, tho.l1rger
shipments from Denmrrk. Stocks ha.vo not accumulated, but prices hvve ...
tended downward, especially during July.


SI 1 1








HP-9 15-

NHctherlrnds

In the INutherlr.nds r-so, which r nks nc,;t to Dnrun-rk "- contincrntrl
source of bt.con imports into Gr:. t Brit! in, hog vpric<_s i r tending dojn-
nc.rd. E.~d prices, how:cvcr, rro ruportud -t lKvls which indicr.t, thv.t hog
feeding may be profitable until -late in 1930. The regular quarterly hog
survey, :as show belo.i, indicates a heavy increase in 'bacon ho,-s as of June
1 over a year ago, .:ith some increase in farro..s under six weeks s old. So.;s
in farrotw: Vere considerably rore numerous t.Lan a year earlier but ..ere rela-
tively feuer than the returns of the -.erch 1 survey. 'British becon import
figures for June reflected for the first tir.e this season the increase over
last year in Netherlands cured pork supplies available for export. Smaller
monthly imports from October to :':ry, however, placed total receipts from
the Tetherlands as of June 30 at a point 3.5 per cent under those of last
season,

DTT.L-.LJ:DS: Estimated perczntsgaes of increase and decrease
of hogs on. specified dates conrTLrct with preceding year
1923-1930

Sous : Ferrro;;s
Date in Facrrois :cuthr than: aEcon Fat hogs
farrowv 8 :: aks hogs
FC: r cent : Ir c,:t : Icr ceit : r~r ciet : Tr cent

July 28, 1928 ...:- 20 : 0 :-15 to 20 :-1t to 20 :- 25
Oct. 29, 1928 ...:- 15 : -15 to 20 :- 15 :-15 to 20 :- 25
Feb. 1, 1929 ...:- 10 : -15 to 20 :- 10 :- 10 : 5
May 1929 ........:- 5 : -10 to 15 :- 10 :- 10 :-10 to 15
Lug. 1, 1929 ...:+ 0 to 10 : 0 to 10 :- :-10 to 20 : -10 to 15
Oct. 28, 1920 ...:-10 to 15 : +10 to 15 :+ 1 to 5 : 0 : C to 5
Var. 1, 1930 a :+ 30 :./+15 to 20 :/+ 10 :/ + 5 :e/slight
increase
June 1, *1930 ...:+ 20 :b/+15 to 20 :0/+ 15 :d/+10 to 15:r/ + 5
SBased on reports furnished by Livestock Extension /cnts and fcr'acrdcd by
Assistant -gricultural Conrissioner 0. L. Da'..son. + indicates increase,
decrease. a/ In the futurS the hog reports .;ill be issued quarterly
i.e. Iarch 1, June 1, Scpter.ibr 1, and Dccomber 1. b/ Under 6 :ocks.
c/ o ;ucks to 132 pounds. d/ 132 to 20O pounds. u Over 2 20 pounds.



Poland

Mr. Davwson reports that in.Poland, .;hcrc hog nunbers havu been in-
creasing also this season, export prospects are discouraging owing to
additional inioasurs to protect the domestic hor industry in Czechoslovakia
and Austria. Those two countries have bcun regarded as the chief outlets
for Polish pork products, pLrticulc.rl- since the German market cannot be
counted upon. In fact, sonu cori.putition h:s been felt in available foreign
markets from German exports rmade '.ith governor nt .ssistcnce. It is reported
that Polish producers are asking that thL-ir govcrnmunt provide them-also
7:ith export proniuns.







16 -
HOGS AND PORK PRODUCTS: Indices of foreign supplies and demand


Country
and item


: : October June
Unit: 1909-10 : 1924-25 : :
: :to 1913-14:to 1928-29:1926-27:1927-28:1928-29:1929-Z30


: average :


UNITED KINGDOM:
Production -
Fat pigs, cer-
tain markets.....:1000's:
Supplies,
domestic fresh : 1000 :
pork, London.... :pounds:
"Imports -
Bacon -
Denmark.........: "
Irish F. State..:. "
United States...: "
Canada.......... "
Others......... "
Total......... "
Ham, total.......: "
Lard, total......:
DE~M~JRK: :
Exports -
Bacon............: "
CAITADA:
Slaughter : :
Hogs, inspected :1000's:
GERPI.ANY:
Production -
Hog receipts
14 cities.......: "
Hog slaughter
36 centers......: "
Imports : 1000
Bacon, total..... :pounds:
Lard, total......: "
UNITED.STATS: :
Slaughter :
Hogs, inspected :1000's:
Exports -
Bacon : 1000
United Kingdom :pounds:


Germany.........:
Cuba............. :
Tot l .......... :
Hams, shoulders
United Kingdom
Total ..........
Lard -
United Kingdom..:
Germany.........
Cuba ............:
Netherlands.....:
Total........:


471:






183,450:

137,269:
30,934:
31,879:
383,532:
69,952:
165,613:






1,303:






3,361:

2,002:
153,0-8:


25,445:


97,094:
1,287:
5,707:
132,490:

104,711:
121,737:

133,246:
108,850:
27,801:
28,209:
363.895:


average :


477: 427: 497: 554: 4




44,567: 48,152: 66,278: 64,043: 49,966


376,447:384,440:473,673:409,231:451,082
40,280: 31,706: 42,036: 46,978: 241




81,579: 3,112: 47,130: 49,681: 50,448
44,5670 48,152: 29,278: 64,071: 11,720



121,1'0:164,899:167,340:173,977:162,941
67665:692,267:79,309:696,93: : : :709,014
3,143: 77,420: 74,86: 78,069: 82,907


376,447:384,440:471,967:409,231:451,080

40,280: 2,08: 2,1226: 1,899: 1,742


1,579: 2,112: 47,10: 49,681: 50448

7,200: 2,871: 4,017: 17,55071: 3,243
121,140: 16,89:1 6,6240:17,904: 13,604
676,285:173,527:759,309:696,938:709,014
93,143: 77,420: 74,786: 78,069: 82,907
204,650:189,701:217,89:215,608:210,652




















36,706: 34,075: 39,333: 39,126: 36,858


50,224: 39,989: 30,635: 36,032: 40,862
9,163: 594,504: 7461,96: 404,28: 445,805











15,802: 16,900: 14,142: 11,643: 11,873
2,078: 2,08264: 2,122: 1,899: 1,742











108,516: 86,870: 76,916: 70,888: 75,565
: p :











129627:101,: : 16: 88,583: 94,076












176,592:161,683:166,880:1lB5,492:l0-873
117,661:131,J174:127,810:159 t .84&-: 137j,886
2,448670: 61,708: 60,8506: 2,687: 62,52
3,0476: 2,871: 4,017: 32,382: 3,243

561,140: 12,85:: 6,962: 7,904: 13,604
167,285 :173,527:149,413:160,637:163,909


36,706: 34,075: 39,333: 39,126: 36,858


50,224: 39,989: 20,635: 36,052: 40,862
9,163: 5,654: 7,703: 4,928: 5,356
15,802: 16,900: 14,112: 11,643: 11,873
107,458: 83,644: 90,141: 93,948: 91,880

108,516: 86,870: 76,916: 70,888: 75,565
129,627:101,834: 9-,516: 88,583: 94,076

176,592:161,683:186,880:185,492:190,873
1 7,661:13.'-,174:127,810:159,484:137,886
61.670: 61,708: 60,850: 65,084: 60,784
32,346: 35,661: 28,450: 32,382;: 57,88
561,145: 514,085:558,837:630,955:609,,S8


js


---


_ _-.L


L


rn WIN I


HP-9







HP-9


Item


Prices -
Hogs, Chicago,
basis packers' and
shippers'quotations...:
Corn, Chicago,
No. 3 yellow .........:
Hogs, heavy,
Berlin, live right ..:
Potatoes, Breslau
feeding ...... ....... :
Barley, Leipzig .......:
Lard -
Chicago .............
Liverpool ............
Hamburg .... ........:
Cured pork -
Liverpool -
American short cut
green hams ........:
American green
bellies ...........:
Danish Wiltshire
sides ........ ....:
Canadian green sides



Stocks -
Liverpool -
Hams, bacon and
shoulders ...........:
Lard, refined ........:
United States -
Processed pork c/.....:
Lard in cold storage..:


:*
*
*
:*


1,000
pounds


Jui.e : June : Mey : June
192D-19l 9 : l29 : 1930 : 1930
1l29 : 10 : 1930
av ra e ; : :
Dollars : Dollars : Dollars : Dollars
: : :


June
1909-1913
average
Dollars




7.90

1.16

10.87

.37
1.73 :

10.77
11.86
14.05




15.40




15.84 :
15.01


1,000
pounds




6,977
8,758

788,481
165,588


10.72

.1.62


10.02 :

1.41 :


11.22 :

1.70

15.17

.60
2.47

15.26
15.71 :
16.81



25.24

21.73 :

24.96
23.16


1,000
pounds




7,602
11,863

841,937
19 9,699


S1,000
Pounds




5,804
3,006

675,167
:115,270


9.52

1.41


13.33

:a/ .22
1.79

11.00
11.25
11.53



21.94

18.57

21.94
:b/20.72

1,000


5,170
1,900

:678,383
:120,957


a/ One week only. b/ Three weeks only. c/ Dry salt cured and in process of
cure; pickled, cured, and in process of cure, and frozen.


------------------------------


~


_ ___ ____


_ I~__ __


_I


--~P-


16.49 : 13.60

.48 : .25
2.24 : 1.95

12.85 : 11.50
13.54 : 11.80
13.90 : 12.04




24.71 : 21.10

20.18 :18.28

24.60 : 21.43
23.23 :a/20.06


pIun 0lU


17 -

HOGS AD T0FORK PIODi'CTS: Foreirn *uid dcr'.tstic uvr'rage prices per 100
pounds for the month indicated, ar. stocks at the and of each month,
avertre, 109-l1oC, 19'-C-192L nunuul 1929-1930




UNIVERSITY OF FLORIDA
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:i.' 3 1262 08865 0493








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