World hog and pork prospects

1-36-43 :4Z D8 TS
UTIT3D ST.-2S DER:.G1': T OF AGRICULTU-L3
Bureau of A.- iculturcl economics -- -
Washington

--
Sp I42 .. Se~ .Si.ORY

WORLD D "10G d,;] PORL. IROSPLICT, ; .

Suzuraary

A sharp advance in lacrd prices and stead; to higher',,i6 prices in both
l domestic and foreign markets were the importantt features of thb sUfituation

Saung April. hte strengthening of prices during recent weeks has been due larg-

S.._ Uil improvement in the general economic outlook, proposed reconstruction meas-
,i';. :ine: a the suspension of Gold payments by the United States.

Slaughter supplies of hogs inithe Unitea States werc relctivol;. larce

MAI:..:tl g April, but the total for th marketing ar thus far is somewhat smaller

-a i'': pr earlier. Inspoqted slaughter during the remainder 'of the marketing

(ie eaoseteod to be sliSgtly lare r than last. oar, but the reduction in stor-
Sholings probably; will more than offset this increase.

S Chiefly because of the operations of tile quota agroomoats, total imports

into the Unitod ICingdom from Octbbor to MIarch Ycro mctorially smaller

Soar earlier, but imports of hams roro slightly largr. Lard imports

;: the Unitod Kingdom during the October to tarch period .ure slichtl; loss

i a::;igUs during the corresponding months of 1951-32.
S : ... ..
i ," Uinitod States oxports of lard decreased during EI.Irch, but pork exports

I I re larger than in the procodins month. For the first half ol the current

marketing year total exports of hog products viore slightl.. l=recr thLn those

i .:.:.a :roar earlier. Shipments of lard from tho principal ports continued to

deolino during April, but pork shipments weor somerwht lcr.;or t;hn in IJirch.

i', f foctivr May 16, the Gorman import duty on lard was cgc.in raised, thc now

Rate roprosonting a 50 percent incroeso over the foreor duty.






.2-


Hog Numbers

T're results of the British restrictions of imports of foreign hog product
are now becoming apparent in the reduced numbers reported in northern luropean
countries which erport chiefly tc the British market. In the hog raising
countries of the Danube Basin 1/, which market their surplus chiefly in Central
2iro-e, the carry-over of liogs into 1933 was large, according to agricultural l
Attache' Louis G. Michael.

The exportable surplus from the Danube countries is mostly in the form
of live hogs. Converting these hogs to a meat basis, it is found that the
combined total of hog and hog products marketed by these countries in Central
Europe was roughly one-third as largo in 1930, and onl, one-fifth as large
in 1932, as the quantity ported tohe uae British marke.-ct bi Denmark and the
Netherlands alone. Poland, which is not included with either group, formerly
exported a large number of live hogs to central European countries. In 1931
and 1932, however, live hog exports fell off very considerably, whereas bacon
exports to the United Kingdom increased considerably.

The total exports of hog and pork products from Denmark and the Nether-
lands, excluding the small number of live hogs oxportod from Denmark, amounted
to approximately 1,181,000,000 pounds in 1932, 84 percent of which wcnt to the
United Kingdom, wh.roas exports from the Danube countries to Central Europe,
including live ho;s converted to a moat basis v:re only 199,000,000 pounds.
Poland exported 1'8,000,000 pounds of bacon alone, principally to England, in
1952, compared wi.h only 54,000,000 pounds in 1930,

At the beginning of 1953 hog numbers in continental European countries
wore d. finitoly lower than at the same date of 1932. Estimates for six 2/
cous-trics show tha: numbers oi: Januiar; 1, 1933, wore 36,369,000 a decroase of
4 percent compared with the same date last year and v;ire approximately the same
as on. January 1, 1931. Including the United States, numbers in sovon countries
in 1953 were approximately the same as at thoesame date a year ago. These
seven countries support roughly about one-third of the world total including
Russia and China; excluding those two countries they constitute almost half
of the total. The decrease in numbers was in the northern European countries
which mark..t their surplus principally in the British market. Numbers increased
in countries of the Danube Basin which market hogs, lard, ot cetera in central
Europoen countries mostly. The numbcr of hogs in England and Wales and in the
Netherlands are not included in the totals given above. Latest estimates,
however, indicate an increase in thu first named country at the beginning of
1933, and a decrease in the latter as compared r.ith 1932.

Brood sows in three 3/ countries reporting at the beginning of 1933
are estimated at 12,605,000 or approximately the sane as 'in 1932, and 1 percent
below 1931. In the two European countries, the number at the beginning of
1933 was 6 percent below the same date of 1932 and 15 percent belo':w 1931.
In the Netherlands sows in farro: vcwro hieghost at the beginning of 1931 and
decreased 20 percent in 1932. No estimate is as -,t available for 1935.

S" Bulgaria, H--iunary, Yugo's-fEv a adRum ~nia.
2/ Denmark, Gormc.-y, Yugoslavia, Bulgaria, Rumania, and Lithuania.
_/ United Stater, Denmark and Germany.


11-42







HP-42


An estimate for E-la-.n a:d i.,alcs as of i'eebuar; ,, 19..3 )&lccs the rnu.-ber of
brood sovrs at 402,';lu co::pared :7ith 3u4,Cq 0'J .. '-.a. or J':.. 1.r 1, l30. Tlo
intervening esti:.'ates ar_ aa.ila.ble for th.-t time of ;-.r. In 1..0, however,
the June estimate :.as 4 *ercenT. rc.atir thr- at of January. .s restrictive
measures have been place_.. on i.:.or.: of cirred -orl: it i; s-fe to aszumr that
the increase betw'eci JL.-.--r ,:1 JIu..o this car *'-ill i as l -re as or la&rer
than i.: 1950.

Details of latest estirctcs for specifi.ed co-i trik.s

Detail- of t' C r n. :! .o oc.:tirCat f- I .ar1C 1 1 25 Cre -ircI in
"World Ho2g a-.d Por:- Pros Ects" for Aril. il.. t=l niu..".r o.. t.: t :-Uto 'as
98.1 pcrc'nt of tnc I;:crc. 1T'2 nu:z l-cr. The porcur.t.-.. -s by cl: scs .es
com,.rol with M.-'.rch 1, 1j52 .we-r.: .3s ollo;:s: Yo1L.n.:, i-s inder 3 \co:.s,102.8;
pigs of 8. vooks to 63 rrc.;ho, 94.0; csx.s 6 I-ort'-z 1o ; '- :r, tot:.l, 93.2, in
f.rrow, 97.3; sous 1 :.L..r :-n., over, tct...l C.9, i. f. .J5.1. Toro ;rc
r.pparentl' more horz; of 3 .-.on.t-c to 1 ,o..r ..v'.il'.blc for .-...r1:.tinf or. that
dat. than c. :-car .rl-.ir but f..-cr ol cor -o ;o, t. totL-l :iung r-.ro::,im.tcl;
the sar:c as :.. yocr ocrl.i r. T. hor-.visr.t *.Iclir..:- vcro in :-is of 8 wc. 1s
to 1 yoc.r lr:uL. in older suI.'s .:. f:..r.-o ".

In Dunr.:ark, th: o.ti .. r. foi Jnu. r- 2, 1r953. x: ,1,54'3,000, or a3.2
percent ofr nurbcrs thi pr.c: :'i:: JZ.n1 :ry. ~?,o xurctr...s b;- cl.sSJE o s
corm;ard "*'. t.c zsnc o ti:.i.t., for b.:c prcc liin, ._r 'reo c. follow s: So's
4 tunths, an. ov;r, tot:, 03.2 ?,.rc.-tt, i.- I .r;o, C3.3J ho:s 4 month. : r.d
over 83.4; Pi 3 2 to 4 .o:-tts, 73.G; pigs unadr 2 .o:ths, 35.9. 'ire
c-rjatcst decrc;.o v..s in .i.sc of 2 to 4 months, nr.rroxi:-.t.-.y tpr sn::c clzss
that sho-ed t'-.o r-- t,:t C.ocr:- c in ti.; 1:.rch: i iurL .or C 'Mra;;.

Th: l-:.tc-t official :. ccnsu.: for t .. 1'ct: r:l.- .L i/ ".' as tr.>.EI in
Soptont cr Octob.'r 12' :. u t..;u ;t.nun r s .' L ti t. d. _t tj 7: 6, C'0.
Subtr.ctinc cstir:tcJl S: L.,i'Lu sl: ught-ri... 2' ti: '..Li.r .. S to.b r 1
wao .apiroxi:..'.t..l- 2, 30 ,. 0 .zcc.r.. .- to d.1.. .:.t ih .:.cc. '" a.a the ccn u.u .
tod-., ,..77..-1 :.cc_....".1_AVd the cenlsus1
Last uoc.r on Scpt,':!iur 1, th n.i:br Co thr.t :1:.t. t..3 :.12,',L.O ..ceJrdirn
to an cstimr .to br.su..d or. .;dl.i ci: or':-nt --.. .j'.o- :- c .., ..;. .r.:.: -r- d
with the JtuLi 1 9 190 C'O.suc, .:;~-r or 3 ....J.. r 1, 1.. :.ccor.1 r to
adjusted fi-uros, t:'o r.unihr o:. hc:.,. -.s 2,6:L, ,3'.

i.n cstim .tc of h L .iu. .. rr In ..;:J l .' ..r .:1 .3 o .. "3 .*1
February 4, 1903. T.c or ; r ..t'i .C v-.''i .' 1 fr r:"i. -]. thc
scmcL d:.to v... i. 1i 930. '.Q. il .:r- 1 to .... r. r. t :- .. .:.
2,8Z"3,00, *.torer.s, on J .u r; 1, 19:'-A, tL...r. : ;. : ,1: .,L t %. In
1930 the incrc:sou .et:.-c .. J..:-u, -.nr Ju ... t r....' i. t:. sOr .
porcunt,.: c incruo-.3c is :.i i.iti iitLd dui rin :- .r t... i '.:-..s 'iould
be in tho n,;ijhborhooi 01 .,C3 ,0UJc hLrd o.. r. i ,1 'Oa' l:.,t ',:...


1/ Cjnsuo tr: k n L-.' t'C .ci A, or -. izt i o. L.t -" '; -r.-c ;tu: vLr ir.,:%A tu l S irt
pi- produce-rs murder th ?ir. Crii L:- .r b; ':.. s of ,.... r .:. r c : r I.:].rkCd.
/ Thc figur.r is ;iv..n *s onl" 1-. b, iur::., rs !'.gt t-r for export : lone
Turin.: SLcptt.:,bor .:.s sti, 1';cd .t I C.',00( .







Hogs: Number in specifiedd countriGS at tho beginning of 1933, with
co0m' pr.r ison
:Li.onth of:
Country 4.t 1930 1931 1932 : 1933
'ou ntrj i s i: Ute : : :


: T hou s arids: Thousand s: Thou s.nds: Thous hands
United Sta-tes .................. : Jr. : 55,301: 54,399: 59,078: 60,716
C -nn.d ......................... : : : 4,263 -
EnIrn.d .and "'!.os ....... ....: Fob. :1/ 2,15: : 2,823
Deui-ark .. ..:..............: Jan. : : 5,181: 5,457:.2/ 4,543
lTetherlands ....................: : 5/ 2,198:3/ 2,382: -
Belgium ........................: 1,237: 1,250: 1,235:
France .... ... .. .......... ..: 6,102: 6,329: 6,398:
Geriany ....................: 19,944: 23,442: 23,808: 22,813
Czechoslovakia .................: : 2 776: 2,576: -
Yugoslavia .................... :4/ 2,675: 2,924: 3,133:5/ 3,280
Gr eece .........................: 276: 35: 423: -
Eul-..ari .......................: :6/ 1,302:6/ 1,002:6/ 1,002:5/ 1,100
Rumania ........................ : 2,412: 2,437: 3,221:5/ 3,400
Lithuania ...................... : : 944: 1,207: 1,338: 1,233
Australia ...................... : : 1,018: 1,072:/ 1,162: -
H!ew, Zealand ......... a ..........: 488: 476: 513: -
Total 11 count.rept.all periods" : :
to 192. ..................: : 91,399: 91,873: 101,511:
Total 7 count.rept.;rs.1951-193 : : 90,592: 97,037: 97,085
Total 16 .European cout.reptd.: : : : :
1931-1933 ................. : 36,193: 57,959: 36,369
J, January i. 2 uary 2. 2 /Esbtiroates based or. percentagee change as com-
pared with census figures of June 1930,as furnished by Assistant Agricultural
Commissioner Christy and Coimmercial Attache' Van 7.ickel. 4/Interpolated. 5/ : j.s
furnished, by Agricultural .ttache' L..L.iilchPel. 6/1926 Census figure. 7/Estimate
based on increase in four states.

Brood sow.s: Number i. specified countries at the beginning of 193, with
comnari sons

Country Sith a: 1930 1931 1932 1933
o t ....._-- e. _.: 1 E6:
S..... .. ... .... ..... s... .' s _s:. ",s fs '-oifs'r', f:To~-J' fs-i' s TfS. 'ou d' s
United States ..................: Jan. :" ',O000 : c10,i :i 10,148 : 10,263
En-land an-d iales ..............: : 304 : : 2/ 40
Denmark, 4 months and over .....: : : 574 : 550 : 474
Netherlands, in farrow ........ 221 : 207 : 213 :
BelgiuT .........................: : 137 : 141 : 1 9 : -
France ........................: : 771 : 922 : 814 -
Ger..anr- -6 months to 1 year ....: G63 : 674 : 494:4/ 485
1 year and over ....... : 179 ,3 : 1459 :4/ 1,383
Total ........... ......... .. :- -,;2 .,- L:- ,952 : ,868
.Aui.nia .. ........................ : o : 1, ?5 --
Ne:-:' Zealand ....................: : c6 : 25 : 5 -


toQuai count.rept.all -eriods
Lo 1 .32 ..... ... ...........
Total 5 fount.rept.Trs.l19l-195
Total 2 EuroDean count.rentd.
1931-193'5 .................. :


;


: 14, C3
: 12,713


14.567 :
1.,550


: 2.745 : 2.50


12,605

2.342


/E'stimates for countries reporting in December have been consji.ered as of
January 1 of following year. 2/ February 4. 3/January 23. /Scu's 6 months to
1 year were 528,300 and those 1 year and over 1,381,000 on Ilar.i 1, 1933.


I~ 1_1 ~_ __


I_


-4-


Ir-4R





HP-42


Hogs: Slaughter in specified countries,1923-19S2

:United : :Derni-ark :--nglar.d :Scotland:Ireland :i'ether-
:States : :Ger.iany : in :and Wals]ssold off:purchas-:lards
:federal-: Canada :in- : export :sold off: farms : od by :glau.hter
Year :ly : total :spected :slaugh- :farms for: for : bacon :for con-
:insdpct-: :slaugh- : ter :slaugh- :slaugh- : curers :sumption
:ed : :ter houses :ter 1/ :ter I/ : :and export
: Thou- : Thou- : -o- Thou- : Thou- : Thou- "o- : Th- : Thou-
:sands sands : sands : sands : ssads : sands : ucnds sa,.is
: : : : 3,691
1923 : 53,334 : 6,056 : 5,830 : 3,414 : 691: 245 : 951 : 1,785
1924 : 52,875 : 6,625 : 10,527 : 4,024 : 4,500 : 242 : 1116 : 2,768
1925 : 43,043 : 5,720 : 12,090 : 3,766 : 3,588 : : 915 : L,810
1926 : 40,636 : 5,636 : 13,072 : 3,838 : 3,074 : 914 : 2,440
1927 : 43,633 : 5,965 : 17,279 : 5,098 : 3,680 : : 1,064 : 3,041
1928 : 49,795 : 5,880 : 19,480 : 5,375 : 4,109 : : 1,272 : 5,077
1929 : 48,445 : 5,747 : 17,252 : 4,994 : 3,244 : : 1,146 :2,415
1930 : 44,266 : 5,248 : 18,041 : 6,132 : 3,214 :: 1,034 : 2,746
1931 : 44,772 : 6,187 f 20,488 : 7,320 : 3,83 : 1,091 :/3,900
1932/: 45,244 : 4/ : 18,948 : 7,500 : 5 : 5/ :5/1,121 :2/3,900,

Compiled from official sources and cabled re orts from agricultural represent-
atives abrozi. Fo" earlier years see United States Department of agriculturee
Yearbook 1931.
I/ Years becgininig kA'ril 1. 2/Eatimates for year based on 6 months total
slaughter. The number of hogs slaughtered for bacon,mostl, for export,is
estimated at 1,064,C00 head in. 19.2 compared rith 1,499,000 in 1931. The
decrease in slaughter for export in 1932 was practicall; balar.-ed by increased
home consumption. 3/Prelimninary estimates. 4/inspected slaughter alone was
2,472;000C head compared with 2,243,000 in 19l:. E/'stimated slaughter in the
United Kingdom and Irish Free State was as follows for year beginning April 1,
1923, 5,713; 1924, 6,285; 192b, 4,804; 1926, 4,.-59; 1927, 5,675;
1928, 6,168; 1929, 4,759; 1930, 4,856; 1931, 5,844.

United States

Ho, prices were steady to lower ,lurin-, the first .'-ee!ks of April, but
advanced -.arin7 the last weeoL of the month an& the first w:eel; in lay.. The
advance :as largely a reflection of the gener.Ll rise in commodity prices a.d
some improvement in the storage demand for ho'- products, since slaughter
supplies of hogs were relatively large throughout April. The rising trend
of *rices during late April and earl L.:ay, this year v.'as in marked contr?.st to
the sharply d.onwrard trend which prevailed i1L April and J.:ay last yc;r. The
last \reek in April rr,:-r;:od t'he first time sinx. the autumni; of 19'.' that th:L
weekl:- average price of hogs at Chicago was hi:,hor than tL.-- corr. S;'d!::. :
wee.cl, averL.Ce a year oiarlior. The orvor:.,e -rice at C';icr. o for A.ril '.::3
$3.77 per 100 pounds as co!rmared :.'ith .,'3.8 i. Larc': alnd .-.8 ii' A:ril 1.:2.

Slaughter supplies of ho,-s in i".nri :jl re relatively lri e for thL north.
Slaughter unelr Fod. ral inspection amou.iti, to .,t4:i7,0 h'' head ':ris th! r -"L'st
for April s :ice 1'' 4I, and wa t!h third I:r :t.t for the rn,.th on record. A -ril
was t:dU first mont of the current mer:.etin,; eier to shove: ac in:rce.se i::
slaughter su-!.lisg over the corrospli-I.dinfc no:1tlh t. iL ca uarlir. The ir reanse
was due in part to the tcndcnc- to dclu- m-.ri.?tin.7s to feed ho.s to honvier





1i?-,'$2


weights. Increased marketing from the fall pig crop also were of some
im:.prt.nce in this respect. Reports indicate that approximately 50 percent
of the .arketings during recent weeks have consisted of fall pigs, which
is about normal for this sCasoji of the year.

Inspected slaughter from October 1932 to April 1933, the period usually
conrsidereid as the marketi:lg season of the spring pig crop, amounted to
27,76.,000 heal, which was a decrease of 6.6 percent from the slaughter during
the corresponding months a year earlier. This decrease is largely a reflection
of the reduction in- 1932 sprin pig crop. Slaug:ter supplies during the
remainder of the marketing .year, May to September, are expected to be slightly
larger than in the corresponding months a .-ear -earlier, .since a moderate
increase in the 19'32 fall piq cro-p was indicated by the -December Pig Survey.
Storage holdings of hog products are relatively small, and the reduction in
theso stocks as co:rmared iL';t. a year earlier wi-ll probably offset, any increase
in sliuchter suiplies during the summer months..

Corn prices advanced sharpl- during the -last half of .iarch and April.
The average price of NIo. 3 Yello.- corn in April was 54.5 cents per bushel which
was the highest monthly avera e since February 1952. This marked advance in
corn prices resulted in a reduction in the hog-corn price ratio. .Based on
farm prices as o0 the 15t'. of ,:e month the hog-corn :.-rice ratio in the N.orth
Central States was l.5 as conl;.pred w-ith 20.4 in iLarch and 12.3 in April last
year. Should the prevailing relationship between hog prices and corn prices
continue it "-:ill tend to discourage the feeding of hogs to heavy weights.

'..oles.le prices of cured pork were stead; to lower during the first 3
weeks of'April, bi:t advanced soriewhat during: : the last weel: of the month.
Prices of fresh pori wzeak:ened somewhat during April and early May. Lard prices
rose sharply in April. The average price of refined lard at Chicago during
the last week of April was ';6.50 per 100 pounds, an advance of about $1.50
per 1CO pounds since early i.iarch. TX -.,i adv:uice was due largely to the
suspension of gold payments jad the inflation legislation recently adopted in
this country. The composite /wholesale price of hog products at New York
averaged 110.05 per 100 Dounds in April as compared ith ,.10.30 in March and
11.24 in April 19352


United States exports of pork during 1:arch ,\ere considerably larger
than in February, but botal pork exports for the first half of the 1942-35
mirarleting year were aoout 2 per ent smaller thax. those of a year earlier.
Lard exports continued to decli-e during ILarch, Lut the total for the
month was .bout 10 percent larger than that of !..,rch 19J2. Exports of lard
from October to M.arch, t]h first half of present marketing ,ear, were
about 2 percent lar :er than during tie same period in 1931-32. Shipments
of pork from the principall ports during April were somewhat larger than in
iarch, but lard shipments from these ports continued to decrease.


Bacon exports during Larch amounting to 1,278,000 were larger than
in February or in .larch a year ago, but the. constituted a relatively small


-g-








proportion of the total United State.- exports of pork. Cuba was the largest
importer of United Status bacon during t,:e month. Sweden, United Kirngdor,
Germ.any and Italy also took small qu.rntitit-.

Exports of hEm-; a:id .:;.oulders durir:. ..rch totalir.r 5,707,000 pounds
were about 50 percent larger ti.an ii. ;'Lubrua_-r and about 40 percent clearer than
in i.arch a year c rlier. -.bot of t:.-. incrw.7c,: 7m.3 duo to t.t.: increased
takings of these cuts by the United .ir.gdoir. S;.i pmnts of ha.s and shoulders
to the United Kingdom during .:rch m-ountea to 4,,.40,00,0 .which was an increase
of 55 percent over February a;:d 60 percent ovx-r l.rc! 1-2. '21 i relatively
large increase in a single month, hot-.vur, is not especially significant,
since imDorts of both hiur.s Lnd hacor into the rTnitud I:inL;dom during the
--months period ending June. 22, 1932 .rc limited by quotE a.hrerz-rnts.

STotal exports of l.rd ir. ;.iarcn amounted to 48,11:,000 pounds as con-
pared with 58,347,000 pounds i. February and 43,773,000 pounds in I:arch 1932.
Exports to both the Unitud KIingdom and Gorrcr.y, the two loedir; export outlets
for United States lord, declined during ti:.r morth. Shipments of lard to the
United Kingdom in iF.rc'. totalinL 236,?:1,000 pounds uere I? percent smaller thun
in February, but -he-y were nearly twice as ls.rg(e :s the relatively small l.rd
Export movement to that country in ;;.rch last your. Lt-'d exports to Germany
in I.:arch amountinii, to 7,827,000 pounild were only t.bout one half as lrfrc cas
in February or in :.-rch i. y'.r c.:rli-.:r. 7'.c increr.so in th.: *.rrmnr import
duty on lard, T.rhich bocar.;c. eff..ctivc- 2'bbru:.ry 15, 1933, appredntly- b.s c-used
some reduction in imports of l: rd irto GCrrr. .ny. Tro g-r..--.tl reduced shipments
of lard durinL icrrch, however, may be duu in p .rt to tr.-: unusurlly l rr~L cx-
Sport fmovencnt of lr.rd to that country in T: nucary .rd (c.rly 'u:bru.ry before
S the duty bectsne (f'fuctiv,-.

A statisticu.l sturnr.ry of0 the ho, x.d Ikho. products situ- tion for the
first half of thn( 1032-35i m.rrlk.tinc yerr c.prp.:. r or. pL-. 8. It will bh ob-
served thu..t s coiL.prrod with. the: corruspondir.: period in 1931-32 t decrCese
of 10.3 percunt in insp,:ctcd sl.ughtar of hofs p.-. pu.rti,.lly oi'fst't by rn
increr.se of 2.6 p'rcurtt i:. tli, ;.vr; .,u dr,'-s:.d wuif.ht, t e d cro'.s in th
tota.l drozsed wui.:,t of ':oios r:.ught.red uw.:.~r -i':lcr.l irnp..cion, t._:otunt-
ings to 8 purcnt. ExportL of pork Lnd lerc canl'i:, d \.e,r. :l;.'tly 1: rg,'r
during the first '3 -o: th'-.. of t:' ca rr,:n-t !.i.r: ,ti:-.. .'r ,r .:r t+LosC 0 o ti.A: si.rn
months a year on'rli.r. '.'t' r-ov.!:1eCr.t of ho- ,rorducts into ;tor :r; fror:
October 1, 10-2 to April 1, 19r53 .'-.: only rout oc.u.:-t!.irJ ;s 1.r.L :.:
during the corrcspondingg c,.":ori in 3]'1-50. Core .uurtl., F rp:.r-.r consump-
tion of pork c.nu1 l.rd from. October to April thin .t': r V :- o:; I.'-c' t 5
percent less th.'. 1 st \uE r auis pit.i tt.' dr.r(r'. of E p* rc.' t :n tot;.l
S dressed weight. L..rd production p.r ho, ::.1. iJ:tr:.. ur:i-r : 1 irip.c-
tion w-s 4 percent lar(,gr during Lt;. Octo.!r tc- :'rch p_-io'i o:' th, current
year, but tho sraller riuml'er of hop .u; sluu.tr..-a ir.ult lI in L. 5 pcri-rcnt
decrease in l.rd production under F'd ;r.l irnpuctioj. 7: r. ductior. in
production of lr.rd, how;vur, 7:.s E.ccomnp ni.;- by s-t.ll.1r i: to-storcre
movement ,.nd incrj..srid export-, and c.s a renult apprtr:t co!.i;u.ption of
lard from inapoctud production duri: th 6 tmo.t:..: *:: crl:.- 1 i!-rcLnt lI3S
than that of the corre.;pondir..-- mont ..i i, 1.-:1-3L.


HP-42


- 7--






EP-42


"'J!ited Stf.tos: Statistii l s. umnm.ry of ho:. and hog products situ:.tionj
OctoL'r r:arch, 19,2-33, with comparisons


: : Avircg'
: : 1027-2b
: U.it : to
: : 1931-32
: :


: : : 1,3 2-33 : 1932-33
: : : us per- : per-
as per-
:1931-32 : 1932-33 :ceortag of:nt of
"c entago of
: : : 5-ycr : 1931-32
: : r: ver .pe _


Hops -
Irisp'ct d slaughtur :numnbr:26,5j ,457:
Ocrcesses corlrn.r.cd .: : 75,627:
Average livre vwight .:pourd : 25 .9C
AverEage dressed voit.t-c : 170.50
Total dressed w iht : 1,000:
(excl. condemnud) pounds:nd: 4,557,011:


Storcgo Oct. 1 b.gin-
ning of marketing
yesr:
Fresh pork ........:
Cured pork ........:
Lard ................
Total ..... ...... :
Imports -
Fresh pork ........:
Pork, pickled and :
preserved ........:
Total ...........:
Avril-ale for consu-:-:
tion I/ ............. :
Exports -
Pork .............. :
Lard ............. ..:
Totr.1l ... ... :
Storage, Apr. 1
Fresh pork ........:
Cured pork ........:
Lard ............. .
Total ...........:
Apparent consumption 2/
.Lard -
Production -
Per 100 pounds :


live vnuight ...:pound :
Total ...........:1,000 :


: 104,767:
: 424,566:
: 05,556:


26,656,618:23,914,910:


80,216:
253.05
108.00 :

4,404,758:



81,559:
3 1,328:
C62.296:


61,537:
226.85
172.43 :

4,113,123:



78,589:
419,664:
70.656:


Percent :
89.60
81.37 :
100.41
101.15

90.66



75.01
98.85
66.94


Percent
89.71
76.71
101.72
102.64


1


92.12



96.35
.06.70


101.96


: 634,69: 4 4,183: 568,909: 89.61 : 104.54

: 1,.16: 01: 614: 32.05 88.86

2,168: 2,294: 1,657: 76.43 : 72.25
: 4,084: 2,285: 2,271: 55.61 : 76.08.

: 5,175,94: 5,C011,926: 4,684,303: 90.50 : 93.46

122,27 : 59,486: 56,620: 46.69 : 96.81.
S390, 00: 3, 33: 325,809: 83.39 : 102.41 :
: 512,C,: 3736,19: 382,519: 74.70 : 101.54

: 67,I 72: 248,268P 153,096: 57.20 : e1.67
594,040: 543,929: 457,042: 76.94 : 84.03
: 126,577: 105,635: 01,713: 48.76 : 58.421
: C38 289: v7,832: 671,851: 67.98 : 74.83
: 3,675,20: 3,757,375 3, 29,933: 98.76 : 97.13
:
.


S14.97


: 15.51


: 102.72 :


104.30


:pounds: 910,570: 884,38-: 841,396: 92.4Q : 95.14,
Apparent consumption 3/ : 498 749: 529,816: 524,440: 105.15 : 98.99
Hogs, a7ver.o cost for: : : :
slaughter ...........:dollar: 7.96 : 4.23 : 3.,4 : 40.70 : ?.60
i/ Total dressed -ci:.ht t imports storage October 1 beginning'.o marketing year.
/ Avcilc.blc for co::sumption (exports + stor- .* April 1I.
/ Production + storr', October 1 bcgi'-rini of nar!:ting yerr (exports t storagI
April 1).


Item


-- --


- a -


-- ~ -- ~- --- 1






HP-42


United Stt.tus: Total exportss of h:ns t..rM shoulders,
ty months, 1925-26 to 1932-33


Month :1925-2 :196-27 :127-28: 192-20 :129-30:1930-31:1931-32: 193-33
: : : : : : "_


Oct. .....
Nov. .....
Dec. .....
Jan. .....
Feb. .....
Mar. .....
Apr. .....
I.hy ......
June ....
July .....
Aug. .....
Sept ....


: ,OC.,
: pound:

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


1,000 :
pounds:

10,847:
13,105:
12,675:
9,873:
9,511:
9,253:
10,007:
13,0'2:
13,471:
13,158:
8,215:
11,123:


1,000 :
pounds:

7,632:
7,374:
9,905:
10,005:
10,976:
12,222:
11,258 :
11,590:
13, 754:
13,557:
13,402:
6,681:


1,000 :
pounds:

4,747:
7,637:
E,518:
11,187:
7, 6E0:
11,140:
1Z,857:
11,246:
12,571:
12,621:
10,840:
.,478:


1,000 :
pounds:

7,580:
11,65C:
6, 57:
9,461:
9,213:
10,71-0:
12,410:
13,845:
12,158:
13,779:
10,841:
6,432 :


1,OCC :
poDnds:

5,259:
10,08;:
5,825:
7, :;5:
5, f58:
6,829:
8,086:
9,9i9:
9,721:
,071:
,G623:
51 10c ? :


Total .:197,654 133,330:128,156:'20,531:125,12V 8' 342'



1,000 : 1,C00
pounds: pounds

5,62. 5,064
u,959: 6,202
4,1c2: 4,N69
1,82.1: 4 rc
4,025: 5,'/,3
,?2?: 5,707
E" 4rQ.
7,516:
7,132:
8,310:
4,123:
65 ,0645
6',045


Compilu. from th!u ..;onthly Surmnry of 'orci-r. Corr-.rce of t.,-- Urit-cd t tcs.





United Status: Totc.l lird exports, by months, .192-26 to 1932-33


Month :125-26 :1926-27 2 : 28 28- c : '-30 : 10 19 1-32 : 1';-'-
i__7 8:1128-2f i i 0 2,1-32 1 _3


Oct
Nov
Dec
Jar
Feb

ApI
Mr.y
Jun
Jul
AuP
Awp
Ite


:1,000 : 1,000 : 1,000 : 1,000 : 1,000 : 1,000 : 1,000 :
: pouris: pounds: pounds: pounifs : pounds: pounds: pour.d.:

S.....: 46,169: 48,547: 52,026: 60,958: 71, 14: 42,OL6: 44,09 :
. ....: 40,918: 44,96t: 50,894: 69,263: b4,440: :.:,5't': .6,C'C:
S.....: 70,669: 6 4, 22: 4,C25: 87 ,52P: 1,5Z0: 4t',2;1: 6,732:
. .....: 76,796: 61,39b: 72,754: 92,202: 75,187: 69,L: 0,343
6. ....: 6 ,590 : 1, 1: C 82,448: C7,80C: r7 ?V : ? I,,:. : '7 ?, 7:
,, P. :H) .
S.....: 6F.,980: 54,814: 83,496: 72,741[: *.7, b:-.5 : 9 ,L' : 4?.,F
.....: 4,919: S.,', C: I s 5S: 60,16k: U1,L01: 45, C05: ?t, 12
.: ,307 66,314: 5 ,255: 5,403: (3,17: -10 ,b : 1
10 ....: 57,614: 68 ,445: 5b5,-rC' 6:;,2ti: : 7,* '- : 3 3'. O''
y .....: 47,117: 4 379: 54, 752: Gu,4 0: L,4 ..7: ., "'
. .....: 55,475: 1,C1 .: e ,284: 57,07":: [O,2' : Z -" : i., 1 :
)t. .....: ; 865: (1 G 2: 47, 14: 5;.' 7,7: 4,-. : '. 12

Tot-i .! 717 5,30c8 : 1,91: 73,E68 .7, 7t 1,-. : :',"r1 :" ,. :
"__ :


1,000
;Gounus

53, .40

[0, 341

7C.,026
7 ,00"


Compiled from !,oiithly ;umntLry o1 Fi'or .i;'n Coz:u:l.rc, of tt. "nit*.1! .'t. tJ.-.


---~ ---'


I--


---


- 9 -


"II`






- 10 -


Csncanda

Hog prices iT: Cenada advanced during April. The average price of
bacon hogs at Toronto for the 4 woelks ended April 27, according to the
Canadicn Livestock Iiarket Report, was .4.09 per 100 pounds (United States
currency) as .compared with 4,,=.38 in :~arch a-d -.O in to corresponding
.'oeks of April 19EJ. Prices have bc.;n advancing sine- :.id-February, with
a very sh-'.rp rise during i.arch.

Macrketings of hogs in Canada during. Jcnurr.r a,.d February .-ere somewhat
smaller than those of the corrospondir.g months C year earlier. During Mr.rch
.'nd April, however, rm,..rktings incren.sed, and m.rke.t supplies during both of
-chese months ,were Irrg.r than a yenr earlier. The total number of hogs graded
at Canadian stockyards and packing ~plrt5 during the first 18 weeks of 1933
(period ended May 4) amounted to 1,141,000 hcr.d, which vns only 1 percent loss
than thu grading during the corresponding :ceks of 1932. Grndings during
the 4 -Jeeks ended April 21 totaling 252,000 herd, wero about the same as
during Miarch and they vere 2 percent lrrgcr thc.n during the corresponding
.cks of April l-st yo.r.

United Kingdom end Irish Free State.

he; up'-arr, movement; in sterling quot..ttions coupled with .wec.ker dollar
exchange rats raised dollar quotations on Am-erican gre-n bellies at Liver-
pool to an .v:rr -e of 8.17 per 100 pounds for April, importer to ,holesrlor,
according to cabled advices from the London office of the Foreign Agricultur-
al S-rvicc. Danish V!iltshires made .C r.Yor..ge of 411.95, while Canadian
green sides rfc-ched ,10.03. All of the averages were substantial advances
over those cf other recent months, indicating more than seasonal strength
in the market. The gencr"l price luvl Iw.s sonmc.:/hat higher thi.n thc.t of a
year earlier. Prospects for further reductions in supply under the quotas
in force until June 30 Erc: m'intainirng the tone of the market, according to
jc-at Spccialist I.. E. Reed at London. The supply factor continues more
prominent than the demand factor. Good w'e.ther during the month ended
April 22 has assisted in the disposal of oth.r thcn strictly bacon cuts.
In n few quarters, however, there is some doubt thrt demand can be recon-
ciled to further a.dvr.rces in prices. The quotas have resulted in -an in-
creased proportion of better grades b.ing available and .a reduced proportion
of low zr grades. Some trr.de element:; feel tnat the situ-tion is not in
keeping with the demand by grr.des.

Americr.rn b.con, in light supply, has met a sto-.dy demand rt slowly
increasing prices. Cumberlc.nds are noi; priced at levels :.-ell above those
of this tine last ".;c.r. Cler.r bellies during April :e;re -t tl.e highest
point of the current sor.son, the price advancing about 8.5 percent during
the month. '4arch bLcon imports from the United Str.tes, at 375,000 pounds,
were about double the February figures, but continued to represent a very
insignificant sh: re of the total tr. de. Fror October 1 to :'A.rch 31, 1932-33,
imports 'tori th. United Statos represented only 38 percent of the corre-
sponding '_'31-Z figure. Imports from Cr.nrda are runz-ing slightly ahocad
of lust sec.so:r. L.rrch imports from Dornr.rk .,ere sor.e,.l.ct larger than in
tl.o preceding month, but still in keeping v.it : quota limitations, and well
beloe: lst yea..r. The season's totrl receipts from that country to r.rch 31
-.erc 20 percent under t!io corresponding 131-32 total. Tot-.l bicon imports
in ;.:arch ;wre laror thrin in I'cbrurry, but about 30,000,000 pounds sma-ller
than in ,;arch 1952. So fnr this src.son, total bacon imports have run


SHP-,12





HP-42


about 11 percent below 1931-32 figures. Tlh period covered includes 2 non-
quota months.

American snort cut green h.is a.t Liverpool rurr..rcd ,11.57 p.r 1C0
pour.ds during April, basis importer to wholesualr. That firure represented
a good advance over recent monthly averages, and was sliirtly higher than
prices obtained during most of April 1632. Unusually good weather during
April, ard the Easter holiday peric, helped ham consumption, i.:r. Reed states.
March har. imports exceeded Februar: ij..ports but were about E percent smaller
than in March 19532. Peceipts from ts.e United states were srmaleor than in
either comparable period. ?or tn'o current season to .,arch 31, total Iai.
imports exceeded slightly those of last season as a result of larger ship-
ments from the United Ztates and Cr: .ra. Despite larger arrivals, however,
ham stocks at Liverpool have not acc'ur.llater unduly.

Based or. l st year's corresponding imports, the total cured pork quotes
for the months ended iMay 22 and June 22 are 66,0'.1,00C rounds and '4,E3.&,00C
pounds respectively. The May quots represents a decrease" of 2.5 percent inl9.7
A;ril. June figures are 2.7 percent telow i:May. Compara: le quotas for the
United States are ? ,544,000 Fand 5,:2,0C0 pour.ds. 'The TUnitet States i.,ay
quota is 1 percent Leilow April, with. crhe June ficn-re 2 p.rce: t 'relo7w .: The
I.!ay allotment for Dernmark is 54,57;,,00 pounds ard for June 3.,-16 ,000 pc.u.ds.

The price o'f AJniricai refi.-r'.. lard at I.iverpool averaged ,0C.47 per 10C
pounds in April, a sli.t.t advance over t:e nvera;es of I'rth t':c r:e .-''i.:t
month a:.d a year earlier. Tr. recent uee-s, however, while struiin-. I-rices
have moved upward olizhtly, Anericar currer.c.- ctivtivie:3s rusr'.r' tle dollar
average for the week endea Aril 2"'- to ovpr ,7.00 for t: e fir t tire since
early January. Sterlir, ".uot.ticr.s or. Icri turinf, April w.-. .. i.:. r t: r.:i in
1932. From >;.arch 1 to. 1i: 1 lanrd .-Lined al'out 1.C0 r 10' :.-c :Il-, basis
importer to wholesaler, i- bnxes wei'hin, ll pounds H t. ,Duri;.1 t.at period,
spot prices adva::ced more thr. futures. .:e...l a for la;-d 'ras i:i.'-er-er. little
change, however, thi prDie situLtionl ;.i:,. ir. re-sult o:' e:'ican :conc Iitions.
Lard imports in L1arch were ir. line v!it:. t!osP o' otner" r.':.t .or.tl.s, ap:.
about the same as last y,.r. Tr.e season's i-iports ror t:-e period Cctorbr-
March were a little under co.parabl-. 1)31-32 fiGur.-s. jy 1 stc rs o: lar.
at Liverpool trade a seE.soral adl:ane., but ..-.'e s.,nller t.Ln those of a y'ea
earlier.

London Central 1..arket receipts of Pritisi e'd Iri.nh :'r.!. r 0:'-. w-:.--
seasonally smaller in April anr1r consideruJly beloI last f-ea-'' t'l o '"s.
Prices were fairly steady, \wit'- the. re-du.Id suppli-rs :oi;o:u::w t ot'l'.'tt i.,
weather urnfavoral,'. to pork consumptir;i. L.rc'r i:.ri'i't:s of f'Crozir 'r:k ''ror.
Argentina acnd !Jer I,caltrd were rot sulff'icicnt tn cp:r(. i .' i'- .fv t .. s-:ll .-'
domestic supplies of t...- :reb- itoem T.,- ..-avL .: t- '0t:i 1,i l;:u !t'--
hogs continued ir.to ...arc' *-iti irdiut io s poi:ti -' to inr "-:..-. J ;,-rk
receipts fro:l thr-.t source i:: t-. ne: r fut:ur r tis' pi, -rir.es :vc "
maintained at luvcls for:.idoerw Iy n-ovr. t'.os3u o:' 1 :t. ,:ir. :iti-;h
marketing sl.ow littlf- -. ;.c,- fro.r.i .. .. r:..-,, -.. l E : Ir-l:: :, 2i.' :U fd
purchases for curirn ".:av, not irI..,c ui. or r iuc-.-d liv, [-i:. tT ...*' lish.
markets.

There ir.cr:nse(:d ur--hasc:.- for of suitable bacor h.ogs ii. t:.r Iris"- Frc .:tl.:.-, ,a.' ,iri: t1 ,'.:: I *. ::. 'I 1e.
at Cork. The slau.-eter of o7ws i:. 193f ws: so ip! t, <.s ;O :2.tlri:llv re.Ju,'
breeding operations. Stocks oi' .. ri-an 8 i orC ,r:- rce:rrt 3. ,: i ra.ti.'.lly


- 11 -





HP-42


- 12 -


t-.i~iuCterd. There are no indications as yet as -to how .successfully domestic
-a.o:n is fillir.t the place of the Aamericar, product in those localities where
it was most popular before the duty on bhaon imports was levied, Irish bacon
e.ur-rs have-submitted to the government plans designed to improve the condition
of the' industry. The chief suggestions were: (1) A quarterly hog census to
supplement the present annual prjsus; (2) standard gradir.g of quality of
Lanon pigs; (3) a 3-months priod of guaranteed prices and (4) control of
exports cf toin-bacor hogs.

'.;ith respect to plans urder consideration for cor.trolling the British
tog ir.dustry there are indications of considerable farmer opposition, accord-
ii.g to early April advices. At first, farmers apparently wore willing to
accept any sch.-eme whic.- gave promised of hirthor hog prices. Thure is opposition.
however, to tr.ose t.-rms of th.e Poport of the FRorganization Commission for
Pigs and Pig Products which call for considerable improvements in production
facilities, ard also to the contractual delivery of a specified quantity and
quality of hogs. In the matter of future import quotas for cured pork in
conjunction with the domestic hog control scheme, Lritish authorities are
now planrii.g conferences covering thu longer-time statistical basis for
quotas starting July 1.


England and .icles: liumbcr of hogs, specified dates, 1930-1933

Jan. 11 Junc 4 Ju ne 4 : Jun 4 :June 4
Classification : 930 1930 1C31 1932 :1933

:Thousands: Thousands :ThousaE rL3: 'ousands: Thotsands

Sows kept for breeding .: 304.4 : 315.6 :402.4 :425.2 :402.3
Boars used for service .: 21.1 : 21.P : 25.7 29.3 29.0
Other pigs .............:1,8?7.7 :1, 7. :2,354.9 :2,730.1 :2,392.0


Total .............. ,153.3 .2,310.2 2,783.C :3,14.6 2,S23.3

Agricultural MLarl-ct Report, I.!arch 24, 1933 and Agricultural Statistics,
29n g. u






- 13 -


United Kingdom: Arrivals of WJiltshire sides at London from


continental


countries, by weeks, 1932-33 1/


'.eek ended


1932-33
Oct. 7
14
21
28
Nov. 4
11
18
25
Dec. 2
9
16
23
30
Jan. 6
13
20
27
Feb. 3
10
17
24
lMar. 3
10
17
24
31
Apr. 7
13
.21


: Da
: al


S....

.5.0w
*5**.4
S S

S.. *S
S.....

*SS..

55S. 5

55555*

S.S S

SSSSS.
.. *55
5@5*S*
55*

555.S

4.5...
.5 S*
.5.55


At London


Danish Suvdish
.


nish at :
.1 ports :

Bales

67,857
70,739
67,253
66,001
65,099
59,461
63,934
73,738
52,610
53,273
52,806
58,809
54,756
49,362
61,462
55,656
56,182
55,545
50,241 :
55,420
-,.,703 :
55,E4:
54,042 :
53,10
54,006 :


53,O14 :
[5, P1.
E; 4 ?


Total ...... 1,f rfG,145 :
*


Bales

36,912
39,540
36,478
Z6,343
36,062
32,261
34,851
41,714
28,453
28,C27
28,352
31,164
29,003
25,6 0
35,20
32,r01
32,412
30,5[7
32,728
29,. 82
28,e40





cc)
29,C7?

7, 301


20,' 0
5. ". -5
n, fl!
; .i' ',


Total Oct.10 : : :
Apr. 2 : :
1931-32 ...:l : 517,b00. : ., F:61' : LL C.:7 r f :/1- ,i0 7
Transmitted by 1. ::.F ;c:. :et .t n.j ',ool :-ci al rit tl IcrCc., orc L-.
Agriculturil Swrvine.
1/ London Provision Exchrange. Sidcs t.1re p.'o-:rd 4 or C' to tiit il c.ori-
ing to weight of sidos. r ho most populi-r h..l- is t:.: t r'r yir.,-z 4 siide
with the totrL weight rcanfin 220-:. 0 pou:.is.
F/ From NoverIer 21, or!l:'.


TE-42


ales :

2,386 :
2,752
2,300
2,288 :
1,881 :
1,033 :
801
830 :
1,05 :
1,813 :
3,204
2,458
1,517
2,086:
1,030
802
1,281 :
1,152
1,347 :




1,424
1,0'- :


2,C24




"',730
t 'p


oclish

T l4 s


Dutch

Enles :

0,04? :

, 390 :
7,47
7,62 :
9,345
9,475
9,340

4,652
4,734
3,8618:
4,773
4,961
3,880 :
3,966
,305 :
4,471
4,50 :
3,7C5
4 C 5
4,5 :
3,4'4
?,2^
," 3 :


____


9,905
F,F33
6,57?
",074
,321
4,285
E,26"
C, 740
5,965
0,410
*e,173
,77



IC,
4, 41
5,7
6,167
P,17
6,! 2
4,9.4
S4,304
3,365


5,40
4,187

4,,11
4,241

4,2b3







][ -412


14 -



United Kingdom: Bacon imports from D1r-mnrrk,
tL. months, 1926-27 to 1932-33


'.onth :1926-27 '1927-28 :1928-29 :1929-30 :19Z0-31 '1931-32 1932-33

: 1,000: 1,000 : 1,000 : 1,000 : 1,00C : 1,000 : 1,000
Sounds : uns nds o s unds : pounds : pounds : pounds : pounds

Oct. ........: 34 ,557: 50,090: 50,703: 47,46: 70, 06: 71,154: 75,730
::ov. ........: 38,931: 50 ,27: 48, 063 ,525: 61,433: 72,521 70,445
Dec. ........: 40,194: 52,244: 45,580: 53,490: 81,294: 77,467: 59,332
Jan. ........: 54,975: 46,717: 4 8, -06: 0G, 19: 73,317: 57,307
Feb. ........: 42,436: 53,042: 41, 08: ,439: 7,246: 75,215: 50,495
far. .........: 47,526: 4,675: 1 ,985: 51,870: 6E,505: 88', 046 '59,092
Apr. ........: 42,93: 52,745: 44,031: 46,204: 6,224: 76, 032:
L.:ay .........: 4-,2055: 51,109 46,'58: 06,203: 67,100 4,717
June ........: 51,795: 51,636: X1,836: 54,456: ,161: 82,653:
July ........: 50,710: 44,562 46,570: 5,215: 68,704: 72,174
Aug. .........: 6, 41: 48,024: -.8,121: 55,0.6: 6P,094: 70,019:
Sept. .......: 40,143: 42,633: .8,350: 59,71: 67,893: 67,587:_ __

otl0,34 609,792 552,272 621, 112 814,469: 863,900

Compiled from Tra-de and j.i..riciation of the United ::ingdbm.


United Kingdom: Totl bacon imports, by months, 1926-27 to 1932-33


:or:th


1926-27 :1927-28 '1928-29 :1929--30 :1930-31 '1931-32 '1932-33


: 1,000 :
: pounds :


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


Oct. ........: 73,275:
!Iov. ........: 76,138:
Dec. ........: 78,987:
Jen. ........: 75, 71
Feb. ........: 69,874:
i'r. ........: 82,457:
Apr. ........: 71,277
.:ny .........: 76,630
J.Tune ........: 88,:8
July .........: 4,105:
Aug. ........: 74,480:
Sept. .......: 80,159:
Total ..... 931,011'

Compiled from Trade and


85,552:
79,579:
80, 079:
82,34 :
85,153:
P7,051:
83,815:
88,759:
86,357:
79,212:
86,862:
71,79 6:


82,379:
79 5297:
76C771:
88,092:
68,012:
68,923:
73,126:
87,8;45:
71,894:
80,360:
82,290:
73,505:


997,170: 933,093:
-97 i,*


7E,402:
7/.,8GE:
85,603:
74,801:
73,721:
8-,631:
75,0c6:
s ,615:
83,277:
85,457:
84,758:
88,206:


95,809: 10i,051: 114,310
SG,31G: 105,372: 11-4,45
112,267: 109,857: 92,817
95,273: 101,159: 96,602
99,645: 112,538: 78,231
93,406: 125,818: 95,152
99,464: 108,150:
108,136: 89,052:
109,080: 111,194:
105,607: 10",004:
106.567: 1C, 395:
10E,978: 101,571:


907, 5 5'218, 528 2280, 161:


Lij.vigction of the Unitud iringdcm.


__


I I






- 15 -


United Kingdom: Totcl hrn imports, hy months, 192C-27 to 1932-33


Month i1926-27 1927-28 :1928-22 :1920-30 I1930-31 1,31-Z2 :1C52-23


Oct. .......:
Nov. .......:
Dec. ........
Jan. .......
Feb. .......
Mar. .......:
Apr. .......:
MLby ........ :
June .......:
July .......
Aug. .......:
Sept. ...... :
Totl ...
*~


1,000 :
pounds :

6,929:
8,762:
11,518:
6, 47
6, [)13:

6,523:
9,208:
12, 10 :
12,034:
8,28 2:
8,902:


1,000 : 1,000 :
pounds : pounds :
*


7,802:
5,836:
7,817:
1,896:
9,062:
9,204:
7,093:
9,334:
10,782:
11, 04:
1 5,594:
7,505:


6,484:
C,782:
7,339:
,788:
8,232:
6,828:
c. ,BZS:
P,981:
14,156:
10,499:
12,042:
12,073:
,0 73:


106,638: 107,289 110,27 :
*


1,000
pounds

",105:
8,125:
C,347:
7,920:
? ,'89
6,601:
0,559:
12,298:
10,983:
14,3Z1:
12,024:
7,236:
116,558


1, OC :
pounds

5,792:
5 71i:
10,111:
7,101:
6,507:
5,337:
7, 5'7
9,204:-
9,77 :
11,165:
7,4S29:
5,3613
91,384


,000C
pounds

7,217:
7,550:
8,C. C

5,14C
6,530:

9, 4:
8 ,4(6:
11,661:
9,091:
0,07P
01, 65


Compiled from


Tradu and ilavigction of the '.r.itcd ;:ingdcn.


United Kingdom: Total lord imports, by' months, 1~-C-27 to 1932-33


1926-27 '1927-2 -192.-29 192'-S 0 1 30-31 "1c31-32 :1932-33


: 1. 00 : 1,OC : 1,000 1,000
: pounds : pounds : pounds : poun::s


Oct. .......:
Nov. .......:
Den. .......:
Jan .......:
Feb. .......
iMar. .......:
Apr. .......:
May ........:
June .......:
July .......:
Aug. .......:
Sept. ......


21,569:
12,7 1.0
13,772:
21,F05:
19,136:
20,,9P9:
27,022:
24,264:
25,564:
26,006:
17,571:
22,360:


17,360:
21,058:
22,351:
27,794:
2'L,21:
35,840:
'Z,O01:


::" ,, 667 :
2'P,3 .8:


21,84-:
13,346


1 ,079: -
21, 1lz:
17,40:
35,92?:
20,752:
22, 24:
21,612:
2C ,-z79:
20,;,8 :
2p ,-977
21,204 :
16,R'9 :


21,8 -
24,00-
27,160
27,55

24,210
15,21k
20,772
21,0'7
31,S01
20 ,45
129,76


S1,000 : 1,000 : 1,G00
: pour.ds : founds : pounds

: 22, ": 17,j29: 17,7"
: 27,7,1: 1 5,23.: :: ,30
: 27 270: 1!,27,:- 17 ?
: 21,4' n : "',18 : 24,
: 32,57:: 3",3C2: 1, 45C
: 20,606: 31,24M: 1,0

rJ r ,, r-j. ;r
: 25,,71 : ''0,5 :



S 25,001: 16,4 :
: 17 0:'O : [. :


* .i i --


Totm l ...: f 55,m T e 77,7.6: 277 : fi j 22 "te : 7.g0:

Compilod froPn Tr7d, r.ci.d L:r.vi;:-tion of t:.e T'ritt'd ili.h,'^Or.


1OCO
pounds

S,497
7,9 96
,.578
7,100
5,516
5, -& 1


i.1onth


- -- -- ---


- --


-- --- -- --


--------


mlA


HP-42


*
*




HM-4- l -
Continental countries important in Eritish markets

Denmark

The terms of a recent trrdu treaty with Greet Eritain :-ssuresDersnrk
of at least bout 62 percent of the trcde in b-con imported from non-Empire
sources, according to recent advices from Agricultural Attache E. A. Foley
at London. The c.-roe.nsnt .lso provides th..t Grret Eritain will not levy
import duties on ..-.cor or rc is. existing duties on aggs and butter, rll the
items bei-- imp- tE.nt in thu Anglo-DEnish trrde. Bacon exports from Denmark
in I..rch, at 63,,.63,000 pounds, wure l;.rgcr thrn in the preceding month, but
below t.-c volumes exported in ..:crch 1932 or 1931. Br.con exports for the
current season, October 1 to Mirch 31, wncre 15.5 percent and 6.8 percent below
the rorrjsu-.ondin;1 p.-riods of the 1931-32 and 1930-31 seasons respectively.


Donru1rk: I.umber of hogs by classes, Jrnu.ry 23, 1933, with comparisons


Classification Jan. 15, 1931


Jan. 15, 1932


Jan. 23, 1933


: Thousands


Boars 4 months and:
over ............:
Sows, 4 .orths and:
over, total .....;
In farrow .....:
iot in farrow .:


574
385
189


Thousands


b50
355
195


'housonds


28

474
308
166


nuCHs monthsILi and :
over ............: 1,179 1,320 1,140
Pigs 2 to 4 months: 1,7,9 : 1,932 : 1,480
Pigs under 2 months: 1,632 : 1,655 1,421
Total ....... 5,181 5,487 4,543

Statistiske Efterretninger February 25, 1933, January 27, 1932, and
Assistant Agricultural Attache C. C. Christy.


DernmF-k: Bacon exports, by months, 1925-26 to 1932-33

Month "1925-26:1926-27:1927-28:1928-29:1929-30:1930-31:1251-32:1932-33
: : : : : :
_____* _______ ____ _________________ _____________________


Oct. .....
Ilov. .....
Dec. .....
Jan. .....
Feb. .....:
Mar. .....:
Apr. .....
1ay .......
June .....:
July .....:
Aug. .....
Sept ....


1,000 :
pounds:

.30,526:
31,5316 :
32,021:
32,783:
.33,103:
36,789:
31,370:
29,094:
33,810:
33,542:
34,879:
34,274:


1,000 :
pounds:

37,860:
38,94_:
42,9572:

42,179:
49,449:
39,303:
49,555:
49,691:
47,2r9:
47,009:
47,374:


1,000 :
pounds:

46,129:
r5,i99:
56,405:
54,002:
50,310:
56,028:
50,682:
52,009:
50,332:
46,680:
46,941:
45.481:


1,000 :
pounds :

45,295:
49,.319:
48,652:
40,830:
41,472:
42,079:
45,648:
49,160:
41,773:
43,857:
49,004:
49.442:


1,000 :
pounds:

45,310:
51,819:
48,165:
51,543:
43,Z10:
.51, 301:
46,615:
57,154:
51,050:
53,403:
56,432:
61 ,539:


1,000
pounds:

67,869:
64,822:
70,486:
72,424:
64,921:
686,44:
66,325:
65,622:
62,767:
71,142:
65,318:
6b.515:


1,000 :
pounds:

74,611:
74,52:
77,180:
76.678:
73,108:
74,712:
79,012:
53,849,
85,189:
78,546:
64,759:
73.784:


Total .:399,407:536,166:600,998:546,531:617,641:806 135:883,020:

Compiled from Varcomsatning med Udlandet.


1,000
pounds

74,261
63,782
64,614
59,005
55,864
63,563


--






HP-42 -17-

Polani and .etherlands

In Poland, as in Denmark, shipments to Great Britain were increased be-
fore the Easter holiday period and decreased thereafter, to keep within the
quota limitations. Unofficial returns on arrivals at London of continental
Wiltshire sides during the first 3 we.res of April were somewhat smaller than
in the corresponding weeks of March. Similar fi. ires on receipts of iethcr-
laui'ls filtshire2 indicate that Auril receipts were -)r2ztically the same
as in the correspon'-ing weeks of '.arch. Total 4ritis:l imports of Net:.erlands
bacon darin'; the latter month were somewhat larger than in the preceding
month and also larger than a year aso. Such imports for tie current season,
October 1 to IMarch 31, were running ar.ead of last year.

Yetherlands: Official estimates of number of hog:s, by classes, .specified
antes


Date


Censuses
May June 121U..:
n 192..:
" .?0..
Estimates /
Dec. 1, 1930 ....:
Mar. 1, 1931 .... :
June 1, 1931 ....:
Sept.1, 1931 ....:
Dec. 1, 1931 ....:
Mar. 1, 1'32 ....:
June 1, 1932 ....
Sept.-Oct. 1932 2/


Sows
in
farrow
Thou-
sands
130
147
242

254
232
210
196
213
196
179
265


SPigs
:under 6
:weeks
: Thou-
sands
279
: .371
472

420
S 571
S 557
S 571
S 434
S 562
S 458
535


:Hogs up
:to 132
pounds
Thou-
Ssands


: 940

:1,072
1,053
:1,250
:1,278
:1,241
:1,109
1, ..13
: 1,01-


:Hogs 132 :
:to 200 : Total
2 over 220 hogs
:pounds : S. __
: Thou- : T.ou- : Inou-
: sands : s u. : s-nds
CO : : 1,"2C
: 1,148 : : 1,51
: 263 : 1C1 : ,01

337 : 115 :,199
430 :,2
: 321 : 06 : 52,-4
356 : 109 : 2,512
: 3S5 : 139 : 2 ,2?
S 331 145 ,34
S 26c : 123 : 2,'4
624' : ?0 : 2,736


I ___-_
Compiled from Verslag oven den Landbouw in NederlanJ 1928 Co0m8-.lcil
Attache J. F. Van Wickel, January 13, 1931. 1332 As:istant Agricultural
Attache C. C. Christy and Internatio.iLl Institute of Ariculture Bull-rtin
March 1933.
i/ Unofficial estimates base:l on percentage change from Jr-- 1930 n,.;be:rs as
furnished by Asst. Agricultural Cor.iisioner Christy ai Com.r.crciai Attacr.e
Van 'ickel. 2/ Estimatesof varkenscentrate not strictly comparnbl .:-ith
any other estim'at The number for S'ut':rber 1, 1932 aujusted fl rcmw. t
figures i olfi' ally estimated at 2,600,0O00 corparLd w'ith 2,C22,000 in the
same date if 19. ,.

Germany

The hi.,rer April lard prices ,-t Hanib-lrtr rc:-ultr'i ii: nn av.-rrn: of
$6.60 per 100 pounds, duty unnaid. T:--t fi :rw w-,r on1'- Rsihtl: ab v. the
March avera. e and below tne April 1932 '"i-ure. The trecd wa, upwnrd .'r
April this year, however, with early M::y vul-.ies going over $t.00, n fair
advance over corresponding 1932 prices. Th"-. smaller imports rcsulti;" from
the duty of $5.40 per 100 pounds in-.Inonrd on Fbruary i. last bro-'L.t '.,ir'h


~_I~


:*
:*
*
:*







HP-42


imports dvwn to less than 7,000,000 pounds, one of the smallest monthly lard
import figures on record, according to information cabled by the Berlin office
of the Foreign Agricultural Service. Up to Mrrch, total lard imports for the
current season beginning October 1, 1932 nad shown a substantial lead over
the corresponding 1931-32 figures. By ?'arch.31, however, the current season's
imports were only 3.3 percent ahead of last season, with every indication
of going below last season wit-in a few weeks.

T.he Bureau's Berlin office transmitted a statement by the German Minister
of Fool and Agriculture indicating the desire of the government to make
Germany sclf-s-fficient in the matter of livestock feedstuffs as well as in
animal fats. Flacing oilseeds mid oil-cakes under the corn monopoly was a
r.easure ir kI epin,. with that policy in an effort to cut down dependence of
German fee-.ars u In tnese imported items. Farmers are warned that failure to
provide su'ficient feedstuffs in this ;.yar's farming programs will not
justify lat.cr complaints of scarce and high-priced feeds. With a consistent
carryiw: out of tle domestic fats policy outlined in last'month's "WORLD HOG
AMN PjRi PROSPECTS", it will be necessary to diminish the.production of oil-
cake from iri.corted oilseed, the statement declares. Farmers are urged to give
more attention to ensilage crops and otherwise prepare to provide winter
feed sua- lie from domestic products. It is recalled that in 1914 a heavy
slaughter of livestock was the result of the stoppage of feed barley supplies
from Russia.

In accordance with the above policy of self-sufficiency with respect
to animal ftts, the German import duty on lard was again raised, effective
May 16, rs stated in a cable frola Agricultural Attache' Steare at Berlin. The
increase in the duty was from 50 R.I.:. to 75 R.M. per kilogramn. In mid-
February ,T.en the duty was raised to 50 R.IM. per kilogram, that rate in
terms of U:-ited States currency, was equivalent to about $5.40 per 100 pounds.
Since that th-ic, however, German currency has appreciated in teriis of dollars,
and at the prcve.iling exchange rate tne new *i t, is equivalent to about
$9.40 per 100 pounds.

The somewhat seasonally easier tone in the German hog market brought
the April average price of heavy hogs at Berlin down to $7.25 per 100 pounds.
That fire was slightly 'under the avernaesof both' the preceding month and
a year a-,go. arhet receipts for March at 14 cities were the smallest for
that mont-. since 1925, but were seasonally larger than the Febraary figures.
For the current sac-son to March 31, receipts ran 16.6 percent behind the
corresponL'.. 1i. 1-32 levels. The March inspected slaughter also was sea-
sonally larer, .at below killings for any March since 1926. Bacon imports
in ;Mrch s-o-e'i the effects of restricted trading, totaling only about
one fourth those of a year earlier. To March 31, the current seasons bacon
innort,; :e-re 17.4 percent below those of last season, but still considerably
larg;r t:-an those of any: season since 1924-25. The Netherlands has been
supplying the bulk of the bacon imported into Germany.


-18-





HP-42


Germany: Nuinber of hogs, by classes, specified dates, 1930-1933


:Younr pi. : 6 months to 1 year : i ..'-ar and over
S : : Breeding : Total : Bret-'ing : Total:
: 8 : sows :exclui-: sows :exclul--:


:Under :weeks
: 8 : to
:weeks : 6


: : :
:In : :
:farrow: Total:


: :months:
:Thou- :Thou- :Thou-
:sands : sands : sands


5,012: 8,554:
5,091: 9,178:
6,522: 9,809:
5,469:10,055:
5,750:10,230:
6,027:10,351:
6,804:10,980:
5,128: !0,484:
5,014: O,976:
5,501: 9,532:
G,326:10-,341:
4,826: 9,870:
5,154: 9,362:
*


455
574
442
369
425
409
276
251
323
374
255
258
316


Thou-
: sands

: 7?22
876
: 12
674
S706
693
569
494
549
608
517

528


: Q
*
:*
:*
:*
:*
*
*
:*
:*
:*
:*
:*


Compiled from Deutcher Reichsanzeigcr,
Agricultural Attache' at Berlin.


Date
of
censls.s


Total
hogs


ing : : ing
sows In : : sows
ani- farroww: Total: and
boars : : : boars:
T.o-- :Thou- :T.-ou- : Thou-
,ans :sands sandss : sands

2,712 : 792 : 1,229: 315
2,909 : 915 : 1,356: 280
4,256 : 861 : 1,467: 440
4,74. : 942 : 1,503:- 892
3,176 : 927 : 1,517: 291
3,424 :1,021 : 1,663: 246
4,771-: 901 : 1,661: 439
5,238 : 870 : 1,458: 893
3,256 : 675 : 1,425: 298
3,456 : 938 : 1,534: 240
4,372 : 632 : 1,559: 440
5,256 : 849 : 1,383: 88 :
3,92 332 : 1,381: 294

Viertel J,-:rshefte ani cables


from


Danube Basin

Total. hog numbers in Bul-arir, Hungarj, R'tnania ai:d Yu&oslnavia. co3n-
prisin; the Danube Basin area, increased. from 8,629.,000 head early in
1930 to 10,141,.000 head in the corresponding .part of 1932, according to
figures submitted by Agricultural Att;cne' i G. :.ichael at Belgrade. In-
creases are rx-ticipated for 1933 alno in vi_.w of the hrcvvy 1932 corn crop
in the Basia cn' indicated larg-r runbern on feed in January 1933. The
1932 total, :ov.ever, represents a decline of 'about 7 percent from tie Lr.:::jers
reported for tr.L r1re-ws-,r areas now compriring the Danube Basin coLun ries.
The lo-w point in post-war numbers '.as reacnrd in 1924 when 6,1':,000 h'adl
were recorded. Tne preliminary figures ,nactin. up tne 1932 total art, .*.vi'.:l
as follows: Rjunania, 3,400,000; Yugoslavia, 3,260,000; lungary, 2,361,0'20
and Bul1aria, 1,100,000.

Lardi froin the Danube Basin competes with the American product to
some extent in Austria and Czecl.oslovakia. Lard as such is exported from
Hungary, Yugosl.vir arnd Bulqaria. A large proportion if the Inri is export-
ed also to t..e Vienna market in the form of live IrJd-t: ;e co S r. ro
Yugoslavia, Eunfcr;, and lriuania. As a 1-.\-l, about h&lf a million liv- ho;s
F are exported annually from the Basin, nf w.. ic considir"bly m:nnre tnmn ihalf
go to Austriv, with Czec'oslov-kia ti;-in;f- inmt of tne 're.aindrl r. Poland
i supplies most of the meat t:'.e .o ,-s sold on Austria nmarrkets.

i:::
I


Thou-
sends

18,649
19, =05
25,-.25
23,"42
25,44L
21,7 0
22 ,3?2
25 ,34
23,805
21,232
24,176
22,.13
20,243


Mar.
June
Sept.
Dec.
Mar.
J-ne
Sept.
Dec.
Mar.
June
Sept.
Dec.
Mar.


1,1930:
1,1930:
1,1930:
1,1930:
1,1931:
1,1931:

1,1931:
1,1932:
1,1932:
1,1932:-
1,1932:
1,1933:
*


--


-19-





-20-
Hogs and pork protiucts! Indices of foreign supplies and demand


Oct. HIar.


Country
and itemn

rTj I DT tion
Proi.ction -


: : 109-10 : 1 24-25 : : : :
: Unit :to 1913-14:to 1'28-29:192,9-30 :1930-31 :1931-32 :1932-33


: avrra4e :


average : : :


H3 ce; te .. ..r
36 center .... :


I,


Inm:orts : 1000
Eacon, total...: pouu. s:
Lard, totcl ..: "
UNITED STATES :
Slau.gntr- : :
Hogs in;l:ec ted: 10CO' s:
Exports -
3.con : 1000
United :.iin dom: fpo-nds:
Grermnany .: "
Cuba ........ ..
Total ..... : "
Ha:ns, sh-.)ul'.crs :
i'ni ted ;.in oi.: "
Total ......: "
ard :
United lKi:: don: "
Gernar;y ......: :
Cuba ........: "
Setn r 1 a .s...: "
Total ......: "


:*
:*
*


35,279


250,689 :
30,160
07,716:
9 ,767
75,024
453,556
60,079
132,506 :


oupUiles, : :
domestic for's' : 1000
por.', Lon don..: oi : r Jn'i:
I moorts -

Eenmr.ar ......: "
Irish F. State : "
Uni ted! States : "
Can3ia ....... "
Others .. .... : "
Totl ... .:
Ham, total .... : "
Lard, tteal ...: "

E-r) o r t -
becon .........: "
CAl AT : :
Sia t.ht r : :
Hogs, inspected: 1,000' s
r:.'s U : : :
Prod action :
Hog receipt: :
14 cities ....: "


j20,.293 :

95.,790
19,839 :
20,376 .:
256,34. :
44,415
115, 15





1 2
874 :






2,237 :

1,475 :
105,362 :


17,416


68,346 :
1,043 :
3,801 :
92,954 :

68,594
79,2'5 :

39,430
76,146 :
3,801
21,213
250,009


5,407
6,09
0,86
'5,371

0,44
5,02'


C9,123
.0, 86
]3, 67-
9,652


39,565: 44,139:


294,216:. 413,203:


24,411:
36,752:
.,918:.
101, 729:
466,026:
50,087:
150,564:


291,448:


1, 205:




1,678:

2,154:

9,733:
117,809:


25,866:
:*


15,465:
13,733:
1, 813:
138,502:
562,716:
40,603:
158,561:


408,76 66:


979:




1,855:

2,447:
:
12,412:
92,932:


25,190:


63,102: 51,463


467,718: 372,401
16,941: 11,764
5,116:. 1,954
8,517: 9,44:
163,969: 196,00I
663,795: 591,57q
39,641:. 40,6E
154,593: 145,90


450,881:


1,501:




1,872:

2,570:

23,071:
119,803:


26,658:


18,96
134,31


25












1
11


2






1



i
c

11




37


HP-42


__ _


--


30,190: 12,821: 3,718: 1,39
S: 4,175: 304: 1,177: 1,15
S 7,47: 5,656: 3,818: 2,07
S: 68,935: 25,218: 10,898: 9,23

L :44,034: 32,209: 19,395: 24,93
S: 53,657: 40,C35: 28,439: 29,8'
: : 4:

3 131,031: 144,356: 133,593: 145,9
S109,621: 61,192: 89,345: 93,7
S 7,947: 5,656: 3,S18: 2,01
14 27,350: 15,561: 19,938: 22,0
S439,785: 325,099: 314,078: 322 ,



:5 '..]I


50,965


1,461 :




1, 636

2,038

.0,106
.3,311


?5,967
:*






HP-42


Eo. s and I;ork products:


Foreign and domestic average prices per 100 pounds


for the mo;-th indicated, and stocks at the end of each month


Item
*


Prices -
Hogs, Chica.o,
basis *ar:ers'
and shippers'
quotations ........
Corn, Chicago,
No. 3 Yellow ......
Hogs, neavy,
Berlin, live
weight ..............
Potatoes, Breslau
feeding ...........
Barley, Leipzig ....:
Lard -
Chicago ...........:
Liverpool .........
Hamburg ...........
Cured por' -
Liverpool -
American short
cut green hams..:
American green
bellies ........:
Danis. iltsr.ire
sides ..........:
Canadian green
sides ..........:

Stocks -
United St;tes -
Process.-rd or!- 5_/
Lard in cold
store ,ie .........:


pounds


po nds


,Mr. Feb. M.r.
1932 : 1933 1933

Dollars : Dollars : ?ol rrs


1909 -1913 :1925 1929
average average
Dollars Dollars





8.02 : 11.31

1.04 : 1.61


11.35 : 14.03

.39 .56
1.75 : 2.37 :

10.60 : 14.83
11.80 : 15.32
13.89 : 15.72
: :
: :

13.80 : 22.72

20.24

14.70 : 23.20

14.14 :41 22.20
1,000 : 1,000


1/


4.3 :5

.59


8.25

1/ .39
1.93

6.70
6.65 :
7.35



12.42

3/

9.15

3/ :
1,0)0 :
;.io und s :


3.46 : 3.3

.41 :/ .43

:./
7.75 :I/ 7.38

.28 : .26
1.76 : 1.10

5.00 5.50
5.89 :1' .3
E.81 :i' r.37



9.55 :I 10.28

6.82 :1/ 7.34

9.29 :,/ 11.06


8.14 :t/ 9.9C
1,030 : 1,300
poun j s : no..-',.s


S822,859 : 792,197 : 610,1 66 : 610,1

S135,K59 : 105,'35 : 59,003 : c,''13


1/ 3 wec'-.s only. 2/ 2 weeks. 3/ :o 'qote.tion. 4! 3-,-err avrr- e.
5/ Dry 'v.1t c.re-d nd in process of c.tre; pickled, carcLi, C:-.i :.rJCt'.- oI
cure ;nd frozen.


----0--


19/


-21-











HOG-FEED PRICE RATIOS AND HOG SLAUGHTER
UNITED STATES. GERMANY. AND DENMARK
_ UNITED STATES: HOG-CORN PRICE RATIO AND HOG SLAUGHTER
I IA HO-CORN PRICE RATI 1 1


RATIO
"M CENT 0C
AVERAGE

140
120
100
80
60
NUMBER
THOUSANDS

4,200
4,000
3.800
3.600
3400
3.200

RATIO
PE CENT 0D
AVERAGE

120
100
80
60
40
NUMBER
THOUSANDS

1,400
1,200
1.000
800
600

RATIO
ER CENT 0
AVERAAE

100
80
60
NUMBER
THOUSANDS

500


300


DENMARK: HOG-FEED PRICE RATIO AND HOG SLAUGHTER


1924 1925 1926
US DEPARTMENT OF AGRICuLTURE


1927 1928 1929


1930 1931 1932 1933
WA INM" ruMWau as 0 of m k -


GERMANY: HOG-FEED PRICE RATIO AND HOG SLAUGHTER


(I-MbNTH MOVING AVERAGE)
-1- -
^Xf~fi^^rtj^y''^i^^a~g^^yt uu~BZe~~u1"*u


HOG-FEED PRICE RATIO

-


1 1 1 .I. I ..1 lla I ,.

S- --,- I



INSPECTED SLAUGHTER (12-MoNTH MOVIo AVERAGE)
WOSWSK aXB~amaSQB^^^x~www~wj~caw wy~'-^- t-=A -


F









I










I






1


I


DAIRY
CATTLE
MILLIONS

1.5


1.3




UNIVERSITY OF FLORIDA
I 3 111262 08865 058lIlllllIIIIIIIIII
3 1262 08865 0568






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