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prices. .*-• ' The revised estimates of USDA show enough of an increase in hog numbers to keep markets fully supplied at present prices and cause further later declines. More sows than usual farrowed from December, 1953 to March 1954, so larger than usual marketings
months. This should result in prices declining to about 16c., or 18c by late October for lean hogs of preferred weights. Hog prices should not decline - much after October, and may show a little strength in January, 1955.
Since the fall pig crop of 1954 also is up to 15% as a result of increases in the June to August farrowings, prices may advance only 1 to 3c in January. Marketings in February and March may again 'be so heavy as to cause some slight further price declines.
The hog marketing situation pricewise is being further aggravated by heavy supplies of cattle, broilers, and turkeys. _>_~
“If there was ever a time for consumers to eat more meat, that time is here,” Dr.' Maxton says. Prices from normal handler margins should be such that per capita consumption of meat will increase
87.1%