World hog and pork prospects

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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:
AA00013004:00013

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Succeeded by:
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Full Text
L IV 0 L LIB
OAi'JM NTS DEPT
UNITED STATES DPARTDCIUT OF AGRICULTURE .....
Bureau of Agricultural Economics ..
Xashington _
rPOSITORY
HP-20 July 14, 1931

WORLD HOG AND PORI- PROSPECTS



SULA.'-HY


Indications are for continued heavy market supplies of hogs in Europe

through the autumn and winter, but further signs of reduced breeding

operations are in evidence, notably in Netherlands and Gerr.any. The former

country is second only to Denmark as a source of cured pork to the British

market. In the United States, marketing smaller than last year are anti-

cipated for the months July September, but June ?ig survey returns indicate

an increase in breeding operations.

Hog prices in both the United States and Europe were weak during June.

Hog-feed ratios at home and abroad were somewhat more unfavorable during

June as a result of higher food prices and the moderate declines in hog

prices.

The British cured pork: market continued to receive record supplies of

continental cured pork during I..a2r .nd Juno. Supplies from Denmark continued

to arrive in largo volume, but the feature of the past eight weeks has boon

the increase in receipts from continental countries other than Denmnark. The

Notherlands is the loading source of non-Danish continental pork but incrcas-

ing amounts have become available from Poland and the Baltic States. Receipts

of American bacon have boon very small, with ham in somewhat better supply.

Lard prices strengthened scnowhat during June in both the United

States and Europe. American exports again declined in ILay, especially in

exports to the Continent. Exports to the United Kingdom were in keeping

with the larger figures of recent months.





HP-20


United States

After establishing a new low weekly average for the post-war period
during the first week of June, hog prices in the United States advanced during
the three following weeks. Prices again turned downward during the week
ehded July 4, however, and about three-fourths of the advance of the preceding
three weeks was lost. Prices at Chicago averaged $5.94 during the first week
of June, then advanced to $6.68 during the fourth full week of the month. The
decline during the week ended July 4 brought the average down to ~6.17. The
Juno average at Chicago was $6.36 as against $6.53 in May and $9.52 in Juno
1930. This was the lowest average for Juno since 1911 and the lowest for any
month since February 1912.

The most favorable factor in the hog market during Juno was the
reduction in market supplies. The seasonal peak of marketing was apparently
reached at the end of May and Fodbrally inspected slaughter in Juno,
amounting to 3,251,000 head, wv, s 4.6 per cent under that of IL.y and about 12
per cent smaller than that of Juno 1930. The aver .go weight of hogs
slaughtered made a seasonal increase during the month and the price spread
widened between heavy and light weight hogs. The premium paid for light
weights was much greater than normal for that time of the yo.r. A decreased
demand for pork brought about by the unusually high temperatures wns
apparently the major influence in the price decline during the week ended
July 4.

Cash corn prices advanced moderately during Juno. Nio. 3 Yellow at
Chicago avoraged 57.7 cents per bushel as compared with 56.2 cents in ity
and 79 cents in June 1930. With hog prices averaging lo-'or for the month
and corn prices advancing moderately the corn-hog ratio in June continued to
decline. Based on Chicago prices for both commodities the ratio for Juno
averaged 11.0 as compared with 11.6 for Hay and 12.0 in Juno of last year.

Hog prices during the five weeks ended July 4 wore an accurate
reflection of the fresh pork trade during that period. 10-12 pound loins
at Nov. York advanced from Q16.50 per 100 pounds during the first vcok of
June to 4.19.90 during the week ended Juno 27 and then declined to $18.40
during the following week. The spread between light loin and heavy loin
prices widened -..s the month advanced. Cured pork prices were somewhat
weakccr during the month after remaining about steady during April and May.
12-14 pound regular smoked hrms at Now York averaged ;19.50 in June as. against
$19.75 in May .nd $25.75 in June 1930. 8-10 pound No. 1 sweet pickle cured
bacon averaged $19.08 as against $19.50 in ay and $24.75 in Juno of last year.
Lard prices advanced nfter declining steadily during i y, and the Juno
average at Chicago was 9.,53 or approximately the sane as in l'y and $1.47
under the Juno 1930 average.

The June 1931 Pig Survey made by the Department of Agriculture in
cooperation w.-ith the Post Office Department indic tos that a marked increase
in hog production is under ray in United Stzats. The survey showed that
there tns an increase of 2.5 per cent in the number of pigs saved this spring
over last. The increase in the North Central States amounted to 3.7 per cent


*CL





HP-20


and changes in the other areas of the country ranged from a decrease of 9-1 per
cent in the South Central States to an increase-of 15.8 per cent in the
western States. In analyzing the increase in the spring pig crop, as reported
by the survey, as to its indications of market supplies during the coming
winter marketing season, the report says: "If the June survey this year
indicates the change in market supply in spring pigs from the Corn Belt States
about as the June surveys for the past four years have indicated these changes,
the market supply of hogs from the 1931 spring crop will be about 7 per cent
larger than from the 1930 spring crop. This would represent an increase of
about 1,750,000 head of hogs."

The number of sows bred cr to be bred for farrowing in the fall of
1931 as shown by the pig survey point to a marked increase in fall farrowings
this year over last. The report shows an intended increase for United States
of 37 per cent in sows bred or to be bred to farro:.w this fall, compared to
sows farrowadin the fall of 1930 but changes in farro:;ings as reported in the
Docembcr pig survey during the past four years have boon around 19 points
below changes shown by June brooding intentions for the Unitol Statcs is a
whole. If the smne relationship holds this ycar, fall fc.rrowings reported
next December will be about 18 per cent larger than in the fall of 1933.
This would be the largest increase in fall farrowings since the fall of 1922
and would be equivalent to about a 6 per cent increase in the total 1931 pig
crop.

The pig survey also bore out previous indications of a reduced number
of hogs to be marketed during the remainder of the current marketing year,
since 3 per cent more hogs over six months of age including brood sons in
the North Central States on June 1 this year were reported on farms than
were reported on June 1, 1930. If there is an increase over last fall in
the number of sows kopt for farrowing this fall, such as the survey indicates,
a considerably smaller number of hogs will be marketed from July to September
this year than during th,3 sar.e r.ont:'s a .-car earlier. The number of hogs
slaughtered under Fbdoral inspoctio;-_ rir4 the first nine r.onths of the
current marketing year was 4.2 per cent sr.lier than during the 1929-30
mnrketi ng year.

Total exports of pork products during Tiay continued to decline. Bacon
exports amounted to only 2,338,000 pounds c.s compared wi-ih 2,917,000 in
April and 8,553,000 pounds in :.ny 1930. S.maller quantities than those of
April woro exported to all of the principal importing countries, and they :ore
far below: the levels of a yo-.r -go. Takings by United kingdomm ,were 27 per
cent smaller than: those of April ,nd 69 per cent under those of li y 1930.
The export movemnunt of bacon during the first eight months of the current
marketing year was 64 per cent under that of the corresponding period ye.r
earlier.

Total exports of hrzas and shoulders during i'.y incroescd over those
of April but w-ore 28 per cent sms.ll.r than those of 1.hI; 1'30. DurLn:2 the
8-month period from October 1930 to Lay 1931 exports of h:.ms -. shoulders
woro reduced 28 per cent from those of the c:-rrosponding pericd in 1929-30.
The novoment to Cuba during '.- y wrv.s nore than tw-ico a.s largo c.s during the
corresponding months of last yoar. Ta:ings by United Kingdom m.-iounting to
8,429,000 pounds -.-oro 22 per cent gre.tor th'.n in April but 26 per cent





HP-20


under those of a year earlier. The movement to Canalda was far below the 1930
level.

Lard exports during IHy mounting to 40,514,000 pounds were 11.2 per
cent under those of April and 36 per cont under those of Ily 1930. Exports
to Germany wore reduced from 10,611,000 pounds in April to 6,155,000 pounds
in Hay. G-rumnny took slightly larger quantities during the first four months
of the colondar year than during the same months a yoar earlier, but in IL.y
they woro about 47 per cent smaller than in 1-a 1930. L-rd exports to
iTetherlands were also sharply reduced in i-y, 'the quantity taken .amounting
to only 871,000 pounds .s comp-.rod :vith 3,289,000 in April. This reduction
is apparently a reflection of the increased production of pork which has boon
in evidence in that country during recent months. Both United Kingdom -rnd
Cuba diox;ed an increase in takings of lard over those bf April, the increase
in those countries amounting to 21 per cent and 16 per cent respectively.
The reduction in the lard export movement during the first eight months of the
1930-31 ma:rkoting year from that of a ya.r earlier, amounted to 26 per cont.

The storage situation in the United States continues to be a depressing
f-ctor on the hog mwarkot. Stocks of per'- on June 1 amounting to 828 million
pounds woro 5 per cent snmallor than those of I.'ay 1 but wore 23 per cent larger
than those of June 1, 1930 and 10 per cent above the 5-yc?.r Juno 1 a.veorgc.
L-xrd stocks on June 1 amounted to 103 million pounds which were 10 per cent
smaller than on June 1 last year. Preliminary indications point to some
improvement in the storage situation on July 1 due primarily to the marked
reduction in June hog slaughter.

Canada

Ilog prices in Canada made an irregular advance during June. The
average price for bacon hogs at Toronto during the first four weeks of the
month was '8.52 per 100 pounds as compared with i8.25 during the corresponding
weeks of ijay and q12.42 in June 1930. Itarket supplies, as indicated by
gradings at stock yards and pac':ing; plants in Canada amounted to 176,000 head
during the four weeks of June-which was an increase of 1 per cent over those
of lay, and a decrease of 3.4 per cent from those of the corresponding weeks
in June 1930. Prices at Toronto and other Dominion markets were mostly 25
cents higher during the week ended July 2, which wa.s largely a reaction to
reduced market supplies.

United Xingdom

The largo supplies of continental cured pork in British markets combined.
:7ith seasonal factors to drive the Liverpool average price cf Danish
7iltshire sides for Juno dorm toQ13.47 per 100 pounds, according to cabled
advicos from Agricultural Commissioner Folcy at London. American green bellies
wore fairly steady at "14.07, but in very limited supply. American short
cut groen hams averaged 36 cents below the preceding month to reach )16.59.
All -rices were materially under those of last Juno. The Danish product was
priced '2.67 bclow the pro-war average for that ;ionth. Stocks of cured pork at
Liverpool on July 1 totaled 4,540,000 pounds against 4,963,000 pounds on


-4-








July 1, 1930, In view of the consistently heavier imports of recent months
as against a year ago, and the regularly smaller stock figures, the influence
is that bacon consumption in the United Kingdom is being maintained at levels
considerably higher than last year, since there is no significant reexporting
of that commodity.

Bacon imports during ayr from continental countries other than Denmark
were largely responsible for total receipts going to more than 108 million
pounds That figure was second only to the 112 million, ounds imported last
December in the record of monthly bacon imports. The current season's total
to Uay 31 was 26.2 per cent larger than that of last season and 17.3 per cent
above the corresponding period of 1927-28, the former record year. 1ay imports
from Dennmrk at 67,190,000 pounds wore a record for that month: and larger than
in January, IIarch or April, but below the monthly figures of October, Docomibor
and February. The season's total import from Den.iar': to 'ay 31 was 37 per
cent larger than the corresponding 1929-30 total.

British imports of bacon from continental countries oth.r than Denmark
reached the record monthly figure of 36,816,000 pounds in TMay. Imports from
the Netherlands are included in that figure. Bacon imports from that source,
however, woro only slightly larger during April, whereas the figure aooted
above represented an advance of 5,415,000 pounds over April imports from the
same countries. The Baltic States and Russia account for the bulk of the
larger imports from the Continent outside of Denmark. Receipts from the
United States in ]Kay reached an unusually loi level '.nd were loss than- half
of last year's l-ay receipts from that source. Imports froan C:.nada rose
slightly over April figures but wore still very low and only about one-third
*the volume of MIay 1930. Receipts from the Irish Free State wcre lower in iay
than in April and well below the post-war average for i.-y. LHa imports during
I.ry mzedc a modoratc somn~-r t seasonal increase but roemn nod below those of
a year ago.

The slightly stronger tone in British lard or-rk:cts during Juno brought
tho Liverpool average up to 39.51 .)or 100 pounds -g2inst $9.30 in lhla and
$11.25 in ]:ay 1930. The pro-rwr June avera.o was $11.86. Lard stocks at
Liverpool on July 1 were 3,718,000 pounds, m.ore than double those of a month
earlier and slightly larger than those of a yc;r .go. Tot-. lard imports
during lr.-u r-.c:chd 25,27,000 pounds a docroeaso fr-. April figroes, but l.rgor
than imports for !L.y 1930. T-'ta.l 1-rd imports for the current season to
I.4y 31 wore 9.4 per cent larger than for th: corresponding 1929-50 period.

A seasonal decline in market receipts of fresh British -nd Irish per!:
brought th. June figures for the London central =r.rkets down: tc 3,181,000
pounds. The decline fro.1-i la figures t.iso year, hor-cvcr, was loss r.r.rkcd than
the similar movement in 1930. The Juno 1931 receipts woer 954,000 pounds
larger than those of a yoer earlier. Receipts of fresh pork front other sources
also wrer down in Juno but worc slightly larcar than a yea.r earlier. For the
second successive ..ionth, hogs bought in Iroland for locJl bacon curing --:ere
smaller in number than for the corres.ponding n-onths of 1930.


HP-20


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HP-20


Irish Free State

The proposal to lovy an import duty on bzcon entering the Irish Free
State h-.s boon abandoned, according to Consul B. P. Hulley at Dublin. Official
records show that of tie 42 million pounds of bacon imported into the Irish
Freo Sttuc in 1930, 70.3 per cjnt carac from the United States, a business
valued at more tha.ns5,500,000. Of the 1930 imports from the United States,
90 er cent uws received via United Kingdon ports, but there is tendency
to-.ard incro-.scd direct shipamont, the Consul states. Total bacon imports
into the Irish Froo Stato rose to the 1930 loval fror. 38 million pounds in
1928. The latter figure, however, .Ds a r.torinl decline from the 1925
totnl of 53 -:illion pounds.

Dorzx,_r1

Prclir.ina.r- figures pl-.cc Danish bacon exports for hicy- -t .about 66
million pounds. That figure is one of i te lovost for an y r.onth of the
current season, but is a record for IIn exports. Soptc-.bor 1930 w7s the
first monthh on record whorein Danish bacon exports excooded 60 million pounds.
cttal bacon exports for the period October liay, 1930-51 norc about 37
per c unt larCcr than for the corresponding 1929-30 period, according to the
proli. iinary- figures no. avr.ilr.blo.

1;othorla.ids

MNuibers of ycung pigs in the liothorlands on June 1 w'ore higher than
-t tlrt ti;.:o last yea-r, according to a: c-.blo of Juno 27 from Agricultural
Attache L, V. Steere at Berlin. Pigs under six weeks were 18 per cent higher,
t ose from six weeks to about 130 pounds' weight were 33 per cent higher, and
from 150 to 220 pounds, 22 per cent higher. Those weighing over 220 pounds
voro 5 per cent loeor than on June 1, 1930. The beginning of a downward turn
in brooding operations is suggested by the fact that the number of sons bred
was 13 per cent lo;er on June 1 than a yoar earlier.

The heavier suplijs of hIcthorlands bacon available for export are
indicated by the iay increase to nearly 12 million pounds in the United
Kingdor.1 imports of Dutch bacon. The I.:ay impc-rt; from the ITcthorlands
established a record for that month, but imports of the Dutch product weor
not up to the record sot in July and August 1928. Indications of increased
iothcrland bacon production in recent months are borne out by slaughter
records of tic first quarter of 1931. The nuibcr of hogs killed for bacon
production in that period ';as 241,800 against 209,700 in the corresponding
1950 period, according to Consul General L. C. Hoover at Amsterdam.

Germany

The rather sharp fluctuations in Gorman hog prices during Juno resulted
in a Berlin averare of heavy hogs for the iaonth of $9.36 per 100 pounds,
according to information cabl-d by Agricultural Attache Stoorc at Berlin.
For t he past thrcec months the Monthly average haos been only slightly higher
or lover than the figure stated, but wookly avorgoe pricos have boon as low as
,'.8,81 and as high as 310.21. Prices vo .konod sharply lte in June following
the publication of the results :f tho Juno 1 hog survey showing an incroeso
in total hog nunbors and indicating a continuation of heavy m.rkot supplies.


-6-







Hog-feed price relationships in Genrany are growing less favorable, largely
as a result of mounting feed costs since hog prices have averaged fairly
steady for recent months. In May, the average price of barley at Leipzig
was 13.3 per cent higher than in April and 26.1 per cent above last year's
price. At Breslau, feed potato prices for IIay were up 13.3 per cent over
April and 104 per cent above a year earlier. Berlin hog prices in loay wore
a shade lower than in April and 31.1 per cent lower than in hay 1930.

The Jiune 1 hog survey in Germany places total numbers at 22,500,000
head, according to preliminary figures cabled by agriculturall Att-.cho Stcoro
at Berlin. That figure is 2,696,000 hoed larger than that of Juno 1, 1930,
but is nearly 1 million ho.d -under the record number counted in September
1930. Since J-unc 1930 there have been stead; gains in t'e number of young
pigs under six months of ago, the current total of 16,400,000 hoed being
about 15 pjr -cont lrgeor than that of y.-.ar ago.


Germany: Young pigs, brood sows anid total hogs on h3nd Juno 1, 1931,
with comparisons

D-to un&g pigs Br.o soTs :
of :Undr Eight :Six months: Ov-.r r :
Total
: ight :wooks to : to : 1 : Tot:.l :
census v: wol:s :six .:-onths 1 year : yer : : s

: Thousands: Thousands: Thousands:Thousousands

Jvnc 2, 1914 : 14,825 : 714 : 1,531 : 2,245 22,118
Dec. i, 1927 : 4,379 : 9,910 : 504 : 1,218 : 1,722 : 22,899
Juno 1, 1923 :4,936 : 9,557 : 707 1,150 : 1,857 : 20,187
Dec. 1, 1928 4,003 : 8,487 556 : 1,063 1,619 : 20,106
Juno 1, 1929 : 4,160 : 8,099 : 671 : 1,145 : 1,816 : 16,794
Sept. 1, 1929 :5,37 : 8,290 : 652 : 1,208 : 1,860 : 19,604
Dec. 1, 1929 : 4,412 : ,679 : 665 1,178 : 1,841 : 19,920
.r. 1, 1930 : 5,012 : 8,555 : 722 : 1,229 : 1,951 : 18,649
Juno i, 1930 : 5,091 : 9,178 : 976 : 1,356 : 2,232 : 19,804
Sept. 2, 1930 : 6,518 : 9,805 : 811 : 1,466 2,277 : 23,414
Doc. 1, 1930 :5,440 :10,002 : 673 : 1,496 : 2,169 : 23,563
.-.r. ,1931 : 5,750 : 10,231 : 736 : 1,517 : 2,223 : 21,790
Juno 1, 1931/ 6,000 : 10,400 : 700 : 1,700 : 2,400 : 22,500

Co.'iTc'd. fro.. -fficil .so-rc-s, --nd c.blos front Aricultural Attache' L. V.
Stoorc at Berlin.
i/ Proli :inary.


Thor0 has boo-- a dcclino in the number of young brood sorws ~Cid the
number of sows in farrow, but tho total of :..1 so-.!s is still -uusu-ally high.
The figures for June 1931 indicate coltinuod heavy a.:rkot supplies of porlk
during- the c.oing autua;. and winter. Despite the large total figures, hovovcr,
the rz.to of increase fro..i :.rch 1, 1931 t,. June 1, 1951 .'-.3s bola.:- the
corrospcnding ra.tc of 1930. The increases in v-rious olasses of Goran hogs


HP-20


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9P-20


between those two dates of 1931 are as follows, with the corresponding 1930
increase in parenthesis: Young pigs 420,000 (702,000); total brood sows,
177,000(281,000); total hogs, 710,000(1,155,000). These relationships,
together with a decline as against last year, in the number of young brood sows,
and total sows in farrow suggest a slowing down in German hog production which
will not become apparent in market supplies until next spring or summer.

'German market receipts of hogs during June were continued on the higher
levels of recent months, preliminary figures indicate returns for May give a
total of 312,000 head received at 14 markets, somewhat more than in April and
6.3 per cent more than a year ago. For the current season to May 31, market
receipts ran 9.4 per cent higher than last season. Slaughter at 36 centers
in TMay also gained over April to reach 428,000 head, a point 15.3 per cent
above a year ago and brought the season's cumulative total up 13.7 per cent
above last year. Neither receipts nor slaughter figures, however, have reached
the record high levels of the 1927-28 season. Despite the increased local
production of pork products, imports of bacon into Germany from neighboring
countries runs ahead of last season's imports, the total to May 31 being 29
per cent larger than for the corresponding 1929-30 period. In lard, German
markets showed somewhat more strength in Juno, the Hamburg average being 410.49
per 100 pounds against %10.34 in May and 411.55 a year ago. May lard imports
took a more than seasonal cut to show only 13,526,000 pounds. To May 31, the
season's lard imports were 13.3 per cent below last year."

Other countries

Italy (Sicily)

Sickly has ceased to be a market for American lard, LccordirI to Vice
Consul D. H. Buffum at Palermo. Imports during 1931 have beon negligible.
Total lard imports in 1930 were little more than half as great as in 1928,
but the United States got a much smi.ll.r sharu of the 1930 business than was
true in 1926. In the latter year, of the 2,292,000 pounds imported from all
foreign sources into Sicily, about bb per cent camu from the United States.
Additional supplies are being secured locally and from the Italian mainland.
Of the foreign supplies, most of it is now being secured from Nethcrl-nds,
Hungarian, Belgian and Danish sources. The nJgl.-ct of the American product
appears to be largely a matter of price, since there :rv some inaic.tions
of pr-fj;rencc for th- Amorican product on a qu,.lity b-sis. There arr also
some indic-tijns of an icrcre.sing use of lower-priced vegetable oils for
c.jking, when mixed with the native clive cil.

Cub.

Cuban imports of American lard .re expected to decline during 1931 as
.gminst 1930 figures, according to Consul Harold B. Cur..rtcn at H-.vana. From
1924 to 1930 the value of that business ranged from .,9,000,000 to ;.14,000,J00
amrnull:'. During the period October May of the current hog marketing year,
United States lard exports to Cuba totaled only 28,779,000 pounds. Those
exp-'rts in recent ye-rrs have ranged frzm 52 million to 56 milli-.n pounds for


-8-








the crrrtspcndirn eight months. The 1930-31,figurc represents 7.0 pcr cent
of the tot.l A.tjrican I .rd experts up .to 1.j, 31. Last year.during the s-me
eight months, l.rd exports t. Cuba rcprcs-rted 9.7 per cent.of the total
f.r the period. Cuba ranks third. after the United .ing-drmn nd Germany as a
foreign market for AmJricin lard. ;

In 1926 and 1329, th- last years for which detailed 'figures are
available, thje United Stat.s supplied all but an insignificant ianjnt of the
Cuban lard inmp.rtz. Th- pr,:sont general duty on lsrd, 4.9 cents / per pound,
became effective .jn Februr.ry 5, 1931. The 20 per cent preference given
imports from the United StLItcs,;hcwever, is not sufficient;to ,verc:me the
advantage given vtge'tabijc -jils -by virtue of lower duties oh those products.
Native preforJnce is fLr pu.r3 l1-ard or olive oil fr couking,. according to
Sthe *C.nsul. .ThL la.ttJr pr-,duct pays a considerably lower "duty rato than does
,lard, the tariff'cn .ive .-il being 1.1 to 1.4 cents per pmund, depending
. n the typ-e f cCdtairier. /Cubarn hzg numbers in 1928 total]adonly 390,912
head. Cuban'h;gs bear a relatively low percentage;:of fat suitably for lard.
Loca.l authoritisS app:.rently are mo'r interested in i ncrasin, the domestic
outputt of oil-buaring s.-ds th.n in' oxpa)ding'hog numbers .,

SAs .from .July 1, 1932, th.. uty w bill bu subject t.. a sth'rch..rgu if 5 per cent,
incr asin t- -ni. of 10 pr c.r.t frr-'i July 1., 19.3, and so ':n until on July 1,
1936, the surcharge th< duty will bec-_m. 25 per cent -t whi-ch fiurec it will
remain fixed.


b/. Olivu jil in battles p.:ys 1.4 cents per
cent of duty.


pound, plus a surtax of 10 pur


HP-O20


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HP-20


Country
and item


* flrt, tn M~v


: Unit :
* :


1909-10 : 1924-25 :
to1913-14:to1928-29:
average : average :


1927-28: 1928-29:


Ui7ITED KIUGDO: ::
Production -
Fat pigs, cer-
tain riarkets...:1000's:
Supplies,
domestic fresh :1000
pork, London...:pounds:
Imports -
Bacon -


Denmark .......:
Irish F. State.:
United States..:
Canada ....... :
Others ........:
Total .......:


Ham, total ......; "
Lard, total .....: "
DE1biARK:
Exports -
Bacon .........: "
CA!LADA:
Slaughter -
Hogs, inspected :1000's:
GERMAiTY:
Production -
Hog receipts
14 cities .....: "
Hog slaughter
36 centers ....: "
Imports :1000
Bacon, total....:pounds:
Lard, total ....: "
UNITED STATES:
Slaughter -
Hogs, inspected :1000's:
Exports -
Bacon :1000
United Kingdom :pounds:
Germany .......:
Cuba ..........: "
Total .......: "


Hams, shoulders :
United Kingdom
Total .......
Lard -
United Kingdom :
Germany .......:
Cuba ...........
ietherlands ...:
Total .......


It
II
II

II
It
ti
II
II


430
*


:162,459

:124,784
27,289
27,954
:342,486


E
14


50,729 :
18,270 :






1,15-4






3,000 :

1,855 :
8,404 :


2,467 :


7,643 :
1,204
5.114 :


119,927 : 96,436 : 80,521: 81,187: 85,467: 30,I

92,422 : 95,006 : 64,833: 60,634: 65,531: 47,:
107,272 : 113,979 : 80,762: 76,012: 81,918: 58,

118,283 : 155,919 : 168,-160: 161,935: 167,553: 188,1
98,123 :130,674 : 115,369: 146,648: 130,305: 77,1
24,895 : 54,772 : 55,476: 56,211: 54,532: 28,'
26.136 : 29592 : 25,988: 29,305: 34.833: 19.


13


2


8


438 :
*


42,025


333,487
S36,682
74,687
50,282 :
: 105,553
: 600,691


81,403
181,212


332,285 :


1,880



2,198 :

2,731

12,063 :
150,588 :


32,856 :


45,404 :
7,931
14.027


455:


62,922:


422,037:
37,624:
42,480:
26,403:
144.378:


- 8 156 928 6 2


672,922:


64,004:
198,303:


411,564:


1,917:



2,951:

3,631:

6,360:
134,858:


35,255:


27,136:
7,210:
12. 899:


519:

:-
61,270:


367,345:
43,764:
42,638:
14,369:
156.928:


67,570:
193,110:


362,455:


1,738:



2,444:

3,219:

7,217:
147,109:


35,370:


31,236:
3,926:
10.081:


444:


47,739:


396,626:
29,957:
46,694:
10,420:
142.040:


625,044: 625,737: 790,


71,924:
189,554:


395,217:


1,541:




2,263:

2,899:

12,667:
150,24-0:


33,169:


37,575:
5,054:
110.275:


47a


53,417


543,617
19,223
18,480i
2,278
206.7191


57,40
207,60


541,10


1,30



2,4i

3,2i


129,74


32,0


15,6


326,974 : 500,470 : 505,401:


-10-
Hogs and pork products: Indices of foreign supplies and demand


1929-30:
*


1930-31


-----Oct. to 11 6A-v


--


563,703: 552,392: 409,






H- 20


Hogs aPo park products: Roreiln and domestic average prices er
lO03 -ou.onds for the month indicated, and stock s at the
end of each month

ay : :ay
Ite.. : 1909-1913 : 1125-129 : ;:2y : April : lay
:average : average : 0 : 1931 : 1931
Soliars Dollars : Dollars : Dollars : Dollars
pricess -
Hogs, Chicago,
basis nac.er'
and shi'ners'
quotations ....... 7.81 11.13 10.02 : 7.26 6.53
Corn, Chicago,
No. 3 Yellow.....: 1.16 : 1.2l : 1. 1 : 1.04 : 1.00
Hogs, heavy,
Serlin, live :
wei ht..........: 10.96 : 13.8 : 1:3.60 : 9.39 : 9.34
Potatoes, Breslau : : : :
feeding.......... .37 .58 .25 .45 .51
Barley, Leipzi.g...: 1.75 2.4 : 1.95 : 2.36 : 2.46
Lard -
Chicago..........: 10.68 : 14.74 : 11.50 10.00 : 9.50
Liverpool........: 11.80 : 15.16 : 11.80 : 10.22 : 9.30
Har-burg ..........: 12.65 : 1.67 : 12.0 : 10.91 10.34
Cared pork -
Liver-nool -
American short
cut green hj...: 14.30 : 2-1.39 : 21.10 : 1.03 :16.95
American ;ren :
bellies .......: : 21.19 : 19. : 13.99 : 14.12
Danish d iltshire:
sides..........: 1.60 : 25.16 : 1.43 16.34 :16.67
Canadian grc : n
sides..........: 14.34 : 2.76 :a20.06 b/ b
: 1,000 : 1,000 : 1,0O0 : 1,000 : 1,000
Stocks : pounds : pooids : pounds : pounds : pounds
Liverool -
Hams, bacon and :
shoulders......: : 7,564 :5,804 : 4,504 : :,7-2
Lard, refined....: 7,246 : 3,006 :2,063 :1,649
United States -
:rocessed porZ: c,': :780,179 :37E,167 :8S,524 :238,143
Lard in cold
storage........: :145,332 :115,270 : 95,693 :103,456

a/ Three wee.-s only. b/ No rotationn. c/ Dry salt cured and in process of
cure; "ic..:ld, cured, and in process of cure, and frozen.


----------u----------


-11-




UNIVERSITY OF FLORIDA
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