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New Corn Crop
May Bring Better
*' Hog-Corn Ratio
. Mty substantial improvement in the hog-corn ratio, from the hog feeders’ standpoint, probably will have to wait on the new com crop. « That is the 'belief of pr. J. L. Maxton, marketing specialist at VPI, who says with increased acreage and good com yields in 1952, the hogcom price ratio could be very favorable to hog feeders in the winter of • 1952^53. ... ■ -----r
Meanwhile, here is how the economist sizes up the situation:
Corn supplies have been reduced. Hog marketings have increased. The export demand for lard fell off at a time when supplies were large. None of these factors is likely to change before midsummer. At that v time new corn crop prospects will become a factor. Hog prices may strengthen as liquidation ceases. But • corn prices are just as likely to strengthen as the result of reduced ~ - supplies. '
67.6%