World hog and pork prospects


Material Information

World hog and pork prospects
Physical Description:
v. : ; 27 cm.
United States -- Bureau of Agricultural Economics. -- Division of Statistical and Historical Research
Bureau of Agricultural Economics, Division of Statistical and Historical Research
Place of Publication:


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


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
lcc - HD9435.U5 A25
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Hog situation

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Full Text

Bureau of Agricultural Economics DEPO

EP-23 October 12, 1931



Hog price: declined further during September in both the United States

and Europe. There was also a weaker price tendency in feedstuffs in both

producing areas. In Surope, unusually heavy pork production continues, with

errmany reporting a record number of hogs on farms as of Sent-.;Abor 1. After

decreasing for several months, slaughter in the United States during

September showed an increase over the preceding month and over the corresoond-

ing month in 130.

SConditions in the leading European markets for American pork: products

wore obscured somewhat by exchange conditions resulting from the British

departure from the gold standard. Toward the end of Sctacibor prices in

British and rrncan local currencies had a tendency to rise. For the month

as a whole, however, there was a general easier tone in the British cured

pork market as supplies continued unusually heavy. The volume of United

F States cured pork exports has bcen reduced furth'-r, with the movement of

bacon for the season having lost relatively rore ground than the ccxorts of

hams. Both 2uropcan and domestic lard prices during September vwro slightly

higher than in.August, but continued substantially below last year's levels.

The United Kingdom continued to import large volumes of American lard

monthly, but continental countries took unusually small quantities.

Despite the larger movement to Groat Britain, total United States exports of

S ard continued at a level much under that of a year ago.

L":. "" .E" {E :.:.E. ". ... :.:.E .


United Stetos

The decline in hog prices which began in early August continued with
little interruption through September. The average price of hogs in Septemr-
bcr at Chicago was $5.11 as compared with $5.98 in August and $9.76 in
Soptzmbr last year. Relatively greater declines in the prices of light
w.ijht ho s during the month resulted in a material reduction in the spread
between the prices of weight and heavy weight hogs. The price of 180-
200 pound good and choice hogs in September avera.god about 45 cents higher
than the price of hcavy hogs weighing 290-350 pounds, as against the average
margin of $1.35 in August. The substantial increase in the proportion of the
market supplies weighing under 200 pounds has been largely responsible for
the gr-atcr decline in the price of light weight hogs.

Federally inspected slaughte-r during Septenmber, amounting to
2,955,000 head, was 18.2 per cent greater than that of August and was also
6.6 per cent higher than that of Sept3mber 19Z0.* For the first time since
April, cla-.ghter for the month exceeded that of the corresponding month a
year earlier. The average weight of h-',s slaughtered during September de-
creased seasonally with the declining proportion of packing so's and the
increasing proportion of spring pins in the supplies. Host of this decrease
in average weight occurred during the last half of the month.

The total number of hogs slaughtered under Federal inspection during
the marketing year ended September 30, 1931 was 43,558,000 head, a decrease
of 1,985,000 head or 4.4 per cent from the slaughter of the year 1929-30.
However, due to an increase in the average live weight of hogs slaughtered,
the reduction in total pork produced was not as great as indicated by the
decrease in numbers slaughtered.

Hog-feed price relationships did not change materially during Sop-
tember. The decline in hog prices was about offset by a further decline in
corn prices. The price of SIo. 3 Yellow corn at Chicago averaged 41.8 cents
per bushel in Scptc ber as compared with 45.7 cents in August and 94 cents
in September last year. The hog-corn ratio for the month was 12.', about the
same as the August ratio of 13.1, but was well above the ratio of 10.4 for
September last year.

The un'tsually warm weather which prevailed during the first 3 weeks
of September along :'ith larger cla-.ghtcr supplies of hogs resulted in declines
in the prices of nearly all pork cuts. Prices of most kinds of fresh pork
declined until the last web: of'the month, when there was some recovery.
Following ; the trend in the prices of the different classes of live hogs,
there was n mark.:d reduction in thn spread between the prices of and
heavy loins. The average price of 8-10 pound loins at Tcw York during
September was $19.72 as comoPred with $24.35 in August and 527.23 in
September last year. The price of 16-22 pound loins at the same market
averaged $14.67 for the month, while in August it was $14.21 and in Septem-
ber 1930, $18.22. pork prices declined only slightly in September.
12-14 pound regular s..-okcd hnms at ITow York averaged $20.99 during September
as against $21.50 in August a.nd $25.75 during, the corresponding month of
1230. 8-10 pound. iTo.l;.wveet pickle curlabacon averaged $18.42 during the
month as compared to $19.75 in the preceding month and $24.25 in Se-otcmber

i, 'i


a year ago. The price of lard at Chicago advanced during the wee;: ended
September 12 from $8.25 per 100 pounds to $9.25 and has remained near that level
since that time. The average price for the month was $9.00 as compared
with $8.32 in August and $14.25 in September 1930.

Total exports of pork products in August remained much below the lev-
el of last year, but there was only a slight decrease from the movement in
July. Bacon exports from the United States of 3,272,000 pounds were 29 per
cent larger than those of July, but were less than half the August exports
of bacon in 1930. Both the United Kingdocm and Germany increased their tak-
ings of bacon in August, while Cuba took slightly less than in July.

Practically all of the decrease in the total exports of pork products
from the United States during August was in hams and shoulders. The Au.-ust
movement of 6,623,000 pounds was 27 per cent under of July and 39 per
cent below that of August last year. Exports to Cuba were above both the
preceding month and the corresponding month a 'ear earlier. However, tak-
ings of the United Kingdom, the principal importing country for these pro-
ducts, were reduced 30 per cent from July and were 39 per cent below August

Total lard exports from the United States in August, amounting to
34,510,000 pounds were 2 per cent larger than the July exports, but were 30
per cent below the movement in August a year ago. Te reduction in lard
exports to the United Kingdom during August of about 4,000,000 pounds was off-
set by the increase of a similar amount in movel..eut to Germany. Despite this
reduction in the lard movement to the United Kingdom from July, August lard
exports to that country were 15 per cent greater than those of August last

Storage stocks of pork were reduced materially in August, but because
of the reduction in exports and the lack of improvement in domestic conswup-
tion these stocks remain relatively large as compared with the decreased hog
slaughter. Stocks of pork on September 1 amounting to 594,000,000 pounds,
were 17 per cent smaller than those of August 1 and 11 per cent smaller than
the 5-year September 1 average, but they were 8 per cent greater tian those
on September 1, 1930. Lard stocks decreased 26,000,000 pounds or 21 per
cent during August. The holdings on September 1 of 96,000,000 pounds were
8 per cent larger than at the corresponding date a year earlier, but they
were 37 per cent smaller than the 5-year September 1


Prices of bacon hogs at Toronto continued the downward trend noticed
since the last half of July. The average price for the week ended September
24 was $5.59 per 100 pounds, compared with $6.24 for the preceding week. HTo
gains have been made since the sharp decline during the latter part of August.
For the four weeks ended September 24, the weekly average price was $6.17
compared with $7.29 for August m-id an average of $9.07 for July. Last year
prices were much higher averaging $12.21 for September, $12.05 for August
and $12.22 for July.



During the last two months a considerably larger number of hogs have
been graded at stoclyards and packing-plants than during the same months
of 1930, and sales. at stoc],yards also have shown an increase during the
sane period over the corresponding period a year earlier.

Gradings for the. year 1931 up to September 24, now show an increase
of 3 per cent over last year for the same period, having reached 1,175,000.
During the earlier part of. the jear grading had shown a deficit compared -
with 1930. Sales at stockyards up to Septer:ber 24 also show an increase
of about 57,000 over the same period last year. The number of hogs slaughtered I
under inspection for 37 weeks ended September 19 was 1,396,000. For the
first nine months of 1930 the number slaughtered was 1,428,000.

United Kingdom

The easier tone of the British bacon market brought the Liverpool
average for Danish Wiltshire sides down to $14.64 per 100 pounds for the
first three weeks of Sopteri:ber, according to cabled advices from Agricultural
Attache Foley at London. That figure was nearly $2.00 under the August
average and about $5.00 under the average for Septemboer, 1930. During the
same three weeks of Septemiber, American green bellies averaged only $1'2.64, a
new post-war low point for that line. The current figure was nearly $7.50
under the average of September a year ago. American short cut green hanns
maintained the higher values of the past three months and averaged $18.68
for the September period. Tha.t level, however, was aboat $2.45 below the
September 1930 average.

Toto.l bacon imports into the United KiCi;dom during August reached <
106,567,000 pounds, a figure in keeping with the volumes received monthly
since last May. Total receipts for eleven months of the current season stand
at 1,112,550,000 pounds, which is much larger than imports for any full
year on record. The season's total to August 31 was 26.6 per cent larger
than for the corresponding period of the 1929-30 season. August receipts
from Denmark continued in record volume at 68,094,000 pounds, placing the
1930-31 total to August 31, 33.1 per cent above last season's corresponding
total. Continental countries other than De61nark provided the large ACugst
imports of 33,287,000 pounds, putting the season's total from those sources
to August 31, 50.3 per cent above that of last year. Bacon imports from. the
United States continued in very moderate volume. August ham imports, most
of which come from the United States, were smaller thar. in either the pre-
ceding; month or in the sfane month a year ago.

The firmer Liverpool lard market which developed in September resulted
in American prime steam western lard averaging up to $9.57 per 100 pounds
for the first three weeks of the month. That figure approaches the levels
prevailing last June, but is a decline of $3.60 from the September-1930.
average. Lard imports for August, totaling about 25,000,000 pounds, were
smaller than in the preceding month, but were considerably larger than
last year, .as have been the lard imports for most months of the current season
Most of the lard entering British markets comes from the United States.
The total for the current season from all sources to August 31 was 9.8 per
cent larger than last year.
i .%",



Mr. H. E. Reed, Me-at and Wool Sopcialist in London for the Foreign
Agricultural Service, has submitted some observations on the cured oork
trade in London, .particularly .vitn respect to cuts aid terminology. We
quote from a recent letter:

"Wholesalers buy the cured bacon from the importers a-,d
smoke! it before selling to the retail rs. Some is sold in tne
whole side, but the whi olesaler .:ill cat it the wnolcsarlc
cuts indicated in Figareo (p'gc 7). The price of any partic-
ular cut may tc scme extent govern the way the cut is made and
wnich cuts aru slighted in f.vor of ot'.ers. The cats shown
in Figure 1 are self-exp anatory, but when thirt part of the
fore-end known as the collar (See fig. 2) is included with the
part called back bacon, tnc wholesale cut is called the long

"The method of cutting; up a Wiltsi.ire side in: th retail
nsops about London may vary soi.1cvnat '.i:i the trcae of a.,1
:particular shop. However, the i,:ost c:,'.-u3on mI-et- d e..pllo.-ed in
this vicinity is -.s illustrated in the .-ttached Fi.gure 2. A
cutter will in all crses cut the side in jan; way- his customer
desires. A differen-t method of cutting is e1.iployed in northern

"The fore-end is cut off from ti. side by c..ttig tl:rough
the second End third ribs. Tie upper part, .-nWn 2,.s the collar,
is sliced into rashers or sold whole for boiling or use nczord-
ing to taste. (The shoulder blade has .f cjirse bLen re.:-oved
before curing.)

"The lower part of the lore-end, called the hock or fore-
hock is most generally sold in piece for boiling purposes.

"The h.n or &-jnon is cut off in front of the bone. The
vwhiole piece may be aDl t:-is wa,, but frequently the upper
part, known as the corner ;,,a.'J.o:i is cut ofi -:-d sold as one
piece. Should the trade desire the ;h-. me ::Ioe cut off a few
inches forward, in which case the upper part is then longer
and m.ay be cut into rashers. The lov.'cr part, the gr nmn hock
is almost always sold as one piece. Some shDps cut tntc nIc
into the corner gacron, the middle grnmon aid the gornnon Lack:.

"There seems to be more uniformity about the cutting of
the middle than there is of the ends. The middle is nslit
lengthwise, b-ck: bacon cld. streak/ bacon, Since the
back bacon is the r.Jst valuable there is quite a tendency to
cut all possible into the back. The ribs are boned out, one
at a time, and the bacon sliced, generally by a slicing machine
such as is used in the United States. Some shops weigh t.he ribs
to the customer with the bacon; others discard them and charge
accordingly. Sometimes the loin part of the back bacon, called
the long loin, is cut off and sold in one piece, or sliced.


HP-23 .-6-

The fact that the loin cut contains part of tho pelvic bones,
which is 'knwn in the trade here -.3 thi- oysterr bone, ma:es it
difficult to slice the rel'r part or this cut. Even when the
bone is removed rashers are not as attractive as the ras:hers
from the forward portion cf the cut. The belly or streak is
sliced. This may cb divided into the streo,: and flank as in-
dicr.ted in Figure 2, or into the thick streak:, thin streak nd
fl xick.

"The most uniform thing about the ncthod of cutting em-
ployed in and around London is til.t the side is cut to suit
the custor.mer's *.esires. There is litelo or no trinrin. of
cuts. The only reason I have hard Jiven for trii.Ljinc is
to rei..ove portions spoiled by weather or flies. Even with
the i.:ild cure employed on Wiltshiros, cured bacon is seldom
put in the "cold roor.:" except on the very wann:est day's. One
firr advises that the chan ing; of temperatures from the retail
room to the cold room is detri'mental to the beeping qualities".

Denmark and Netherlands

Proliuinary figures on August be.con exports from Denmark place the total
at 66,556,000 pounds. The August total wa.s under that of July but compares
favorably with exports of other recent monthss and with those of August 1930.
Total bacon exports for the 1930-31 season to AuLgst 31 were 33.2 per cent
larger than in the corresponding Ionths of 1929-30. The current eleven
months total is larger than for any complete year on record. The bacon
movement from the i'etfherlands continues in unusually large volume, as reflect-
ed by imports into the United Kingdom the chief buyer. Nethorlands remains
the leading contincntal source of British bacon imports other than enr.mir-rk
The August fi-gre for imports from Ncthcrlcands reached 12,493,000 pounds,
the second largest for any month of the c;i -rent season and the second largest
Au-gust figure on record for that item.


Method of cutting' .iiltshiru sd-ss in London

Wholesale Retail

FIG. 1


A. Collar
E. Fore hook
C. Back bacon
D. Long loin

E. Streak (thick)
F. (thin )
G. Flank
H. Cornor gammon
I. Gammon hock

FIG. 2



Hog numbers in Germany on September 1, 1931, were officially estimat-
ed at 25,346,000, wa increase of S per cent over the numbers on the same
date in 1930 according to a cable to the Foreign Agricultural Service of
the Bureau of Agricultural Economi.cs from Agricultural Attache L. V. Steere
at Berlin. In September 1930, the increase over the preceding year was
19 per cent. The total number of hogs in Germany now exceeds any previous
record for the same time of year or for any time of year within the same
territorial boundaries. The numiter within pre-war boundaries reached
25,657,000 on December 1, 1913 and 25,341,000 on the same date of 1914.

It was expected by German experts that the pe-c of the present hog
production cycle would be reached by September, and a reduction of 10 per
cent in thec total number of sows in farrow on September 1, 1931, seems
to boar out that expectation. There was a sharp reduction of 38 per cent
in younger sows in farrow while those over 1 year snowed an increase of
5 per cent. Farrows under 8 wecks arnd those of 8 weeks to 6 months in-
creased 4 per cent and 12 per cent respectively over the same date a year
earlier, wnil, hogs over 6 months, excluding breeding animals increased
11 per cent.

GEiMAfl: Hog numbers as of September 1, 1929 to 1931


: Sept. 1

Fa.rrows luder 8 weeks .
Young pigs 8 weeks to 6
HoJs 6 months to 1 ,year

Hogs 1 year and over -

Total hogs ..

1929 1930 1931

: Thousands : Thousands : Thousands

S. : 5,373 : 6,518 : 6,804
months. : 8,290 : 9,805 :10,980
- Sows .. .: 652 : 811 : 569
Other : 3,635 : 4,312 : 4,832
Sows. : 1,308 : 1,466 : 1,661
Othr ... : 45 : 501 : 512
...... : 19,604 23,414 :25,348

Compiled from official sources ?.id cable frola Agricultural Attache Steero.

The slightly weaker tone of the Berlin hog market in Suptember resulted
in on average price for hcacvy hogs of :11.45 per 100 pounds for the first
three weeks of the month, Mr. Steere reports. That figure retained the
somewhat higher season level of recent wcacs, but was about $1.60 under the
September 1930 average. The August average of $11.63 represented a sub-
stantial seasonal increase over the July price luvel. The hog-feed price
relationship was improved in August by the acdvc.ce of hog.prices and
practically .no change in the price of feed barley. A sharp decline in feed
potato prices was registered in August.



Hog receipts : t 14 -.n.rct. Iir. S _'L.b r -.rc ..n b,1 pi.imin ry
figures to h2.vO b.-on of bout t. zcJ.i.. volu,..L -.s ti.c ,-u.'-.ust rJceipts ."'
S242,000 n ri Thi-. A.i::st receipts were t'.lc i for r-.y i.tnth ;incc
Yovolicer 1.2o. Totri. receipts for the .:cisor. to Au~u-.t 31, howcvcr,
were 9.5 p.r cot lrr.-r tV.. y z:r ago. A,;st tl..nt.r of 3 5-,000
head. c-lso v.iS l w 'f.r t j c .r'c:-.t c..u S ,n. T.-ti s]i.-..,;it..r -r .C.r this
se son n-zs not ,t rcr.c .d the- l- vcl ,i..-. Li in 19..'- 6', but up t) A uctt
31, the c..r:cnt .s..son;'s tot.: l ver.s 15.1 per cc:.t 1l-r .r t.h:r; ct t:'-, sO,.ne
time l;.st s; ]espitL tlh larger dl.:.:rr. ti 1roJ...ut.ion, GeCrr: imports
of contin.ei lar .cr th-u last ;,o.r, the imports comi.n prince .lly
from m cthurl. .nds -': i Dc.n-.:.r L-rd im1rts ,".: b- t., d Auast,
ho'wvcer, vwre loss th'i.. ;?lf the size .f lrt ce..'s cor:o.;poling
The Au.-.ast fim-.rc, t lit:. ':nrc th-r. ,0,000JCO p. s, is o'L 2f
the sma-llcst r.iontnly iimprt- f la-rd in- th-: p_- t-wr p.ridi. Ta.:in s fro
the United St, t:s -.ave nt only, bn serioisl,' ru d'ced, ,s coi.par)rcd to
last :'car, but there is a persistQlt tc,:inienc;. to ir.:.T;.rt incrc-si;n" q.cntitities
frm cn:r!:. Se.cnl strc:-_gtl.e..nin. of tii: H-.ribrt lH.rr l :';r:ct in
Sept:eber brought th-c .vcra..:c price u]: to $10.<.:3 per 100 p:.-ils for tho
first three weeks of the r:.o-nti. Tha?.t figure w,.s Ilorl t.r.i n $3.50 lower than
last year's Seotci..ber av..ragc.

Irish Fr'. cS

Steps are bci-ng ta-Ml to establi". T.r'c irl.',l:, thu Irish, Frec St to
tradec in fr sn por:, acc.,rdinl to Vice Coi'.. I;in ? at Dublin. The
bull: Af t'h Irish por: exports .-re sent to E.l7,is. cr: d Scottis: rinr.Icts
duriun. thu LoiS.l.- S:pt C.jcr to Acril. 21..e viest shi.;.:.n.:ts occur r in the
suln.:,-r wit,:. th".; bull-k of t".. sup lics ccmi-:,: fromi th. sE'.t-ivcstor,- counties
of tLhe Irijh Frci St:tc. Th'- bus-.-es.- c. i ..d c tc-.-denc,- to uxpa:' sincc
1926 vno.- t.ic British Minis:try of Airicultu? -'-1i Fisheri-es pi:-ccd qua.r-
antin.c upon the ir.roirtin, of c.11 fre-. fry; t-.e Conti:-.ct of .'uiropc.
Irish prduc-crs c.r. .ivinL incrC siin.i ttcnti. J to Brit ish r..rket roclirc-
r:Lcnts in th. rt..:SLt'r )fi wli_ ,t of carcass, cc._ditici, slau'.tr, --d. packing
r.e th.od_ s.


HP-23 -10-
HOGS pD PORKI PRODUCTS. Indices of foreign supplies and demand

: Oct ..'.u-
C ou:rtr- : 1909-13 1924-25
and ite-m :tol913-14:to 1928-29: 127-28 192E8-9 :1929-30 1930-31

.. avYra.e : '.verae't :_
u o f : -) : i :1 0 : .:
P '. :...
.Li 21 s, cer- .
tain '.ar :ets .1030's 546: 551. 537: 651:
Supplies, : : : :
domestic fresh: 1000
pork, Lolad.o .pouLds. : 4C,' L'75: 72,S51: 59,601:
I;-.:orts : :. :


55, 142:



'c.0o O : : : :
Deruar: ." : ,518: 461,397S567,159;5053, 2: 561,361: 746,576
Irish F.State : : 4, 947: 52,4 1; 56,'269: !9,776: 27, 88
aU.itd States : : 169,355: 97,- -73 60,049: 62, 93 58,122: 23,703
Can .A. .: : 3,920': 70,'3 8 38,045; 21,910: 14,174 2,592
Ot:-erc .. 39,7-5: 150,552;203,03J:214,J4: 205,796: 311,146
Totl : : 473,518: 828, '57:925,385 359,5S9: 879,229:1,112,550
Har., total .. :33,072: 117,392: 9, 784 :10,1S4: 109,322 85,771
L.-rd, total .. : 198,095 248,359:264,410:26 0, 7: 2 2,3 71: 238,733

L -orts -
Bacon .: : : 45, 299 :555,517:497,059: 556,102: 741,178
C .'.D : : : : : :
Sla-.i ter : : : : :
Ho s, ins.:ecte.l 10C's 1,55: 2,395: 2,423: 2,219 1,951: 1,783
G -: I ? : : : : : :
Product ion :
:Ko6 receipts :
14 cities .. : :' 2,255: 3,8371; ,'202: 3,045: 3,336
Ho, sli-hter : :
36 centers .: : 4,061. 3,677: 4,783: 4,317: 5,949: 4,546
I '*po-ts :1000:
"acoln, total. .:pounrls:/ 2,411: 15,431: 7,766: 9,959: 15,S18: 22,333
L:.r&, total 1 a/181,568: 200, 78:176,953:187,950: 190,451: 150,600
LUt Z.lD ST-LS: : ; : : : :
S1 eghter : : : : :
o10si-spected :1000's: 29,749: 42, 70: 44,8a2: -5, 53: .12,769: 40,604
Ex"-orts : :
Bacon- : 100 : :
United Ki-idom:r.ou-ds; 120,335: 60,01.1: 40,296: 44,9G9: 4,642: 19,563
C-er.y 1,371: 10,491: 8,585; 6,820: 5,847: 614
C-oba 7,421: 19,955: 17,881: 14,397: 14,810: 9,296
Tot.-- : : 163,915: 122,010:112,7354:118,069: 134,198: 38,420
H:..S s oli '.lders :
United Kin: do3.: : 130,542: 132,172:100,365: 89,4-63: 96,352: 69,531
Total .: : 151,83: 15',357:121,475:112,053: 118,696: 84,505
L..-d : : : : :
United in do.. : : 157,9533 210,059:218,791:219,772: 22,315: 248,991
Ger;nr 126,440: 172,290:152,087: 182,085: 155,571: 90,086
Culb :" : .3,883: 7U,969: 75,689: 76,452: 71,359: 40,811
Tet:herlands ; 35,382: 37,210: 31,298: 40,114: 41,344: 21,678
Total : 4.30,446: 66 -,435:662,435:750,716: 710,015: 515,611
/Four-year aver'o only;figures for Julyy,As-st and September,1914 not a~vat



HOGS .'ITD PORli PRODUCTS: Foreign and do.csstic av.'r: e.- price por 100
pounds for the m.onthl indic :ted, and stocks at the eni Sf each, month h


Prices -
1HoGs, Cics:go, b.sis
nPc asrs' and shippers'
quotati ons .
Corn, Chicago,
1Ho. 3 Yellow .
Hoss, hea.v,
Berlin, live
Potatoes, Broslau.
feeding .
Barley, Leipzig .
Lard -
Chicago ... :
Liverpool .. .
Haflburg :

: 19-11.. : :1925-19. :
: 1909-i915 ; 1-25-1929 :.

average :e












Cured pork -
Liverpool -

American short cut
green .
American green
bellies .
Danish '.7iltshire
sides .
Canadian green sides:

Stocks -
Liverpool -
Ha-is, 'racon and
sho, lders .
Laerd, refined .
United States -
Processed pork c. .
Lard iin cold storage .

15.70 :




26.08 :
)ot-Lmd s

: 4,988
: 10,658

: 674,941


Doll. rs






-,r r i-i


a/ 20.435

p found s



J-u1'" ,'


1 931

. Dollars Dollars

6.33: 5.98

1.05; .92

9.59: 11.63

.63: .29
S 1.68: 1.68

: 8.65: 8.52
9.45: 8.80
10.54. 10.01

18.33: 18.47

13.47: 13.25

14.66: 16."2
: / : b
:,0 : 1,009
: pou ds- pounds

: 3,711: 5,426
4,518: 5,761

S711,811: 594,288
121,926: 95,865

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




warnwarali Jr LI.hIIUM
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3 1262 08865 0766



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