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If you can get that much more on a temparary rise before the end of the month, better take it. Storage holdings will be unloaded with any rise, tending to hold prices down. I
Hog marketings are about two weeks past the peak of the Spring pig crop, but slaughter is still running 15$ above the same time last year.
Virginia’s auction average was $12.70 last week, with Richmond yards at $12.50 to $12.75 and Baltimore at $13. The top of the principal midwestern markets was $11.75 to $12.
BROILERS
There’s not much improvement in sight for broiler prices for the next two or three weeks. They will do well to hold their present 20 to 21-cent level. *
There certainly will be no rise like the one of last January.
Chief reason is steadily increasing supplies of broilers right on through February and into March.
Supplies are now about 25% above last year’s exceptional low and still rising at over a million a month.
Several markets over the nation reported receipts getting ahead of demand.
The big question mark is what will happen to demand during the coming cold weather. Unusual demand kept prices up last summer and fall despite record supplies.
Prices have been reflecting this uncertainty, bouncing around since well before Christmas as though looking for a place to settle.
If you’re producing eggs for broiler hatching, take special care with the flock during the next few months. There fa a shortage of
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