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Ifw.11 be more severe this year than the $2 drop from February 1 to mid-March last year, and may be worse than th* $3 drops in about the same period in 1955 and 1956.
On December 1, the mid-west botr belt reported 6% mor^ hogs three to six months old on farms than last year. The advance guard of these hogs, coming to market, is already closing thg gap between this year’s market receipts and last year’s higher figures. ,'*N '
After March, prices should'recover fairlv well, and climb gradually to a Supimer peak. The December 1 mid-west inventory indicated only about one per cent morc hogs under three months on farms, so after March, market receipts should be about the same as last year. . , .)
But figure your prices rises on the low side. The Chicago hogcorn ratio now stands at a very, attractive 16 to one.
Virginia auction average hogs was up 40 Cents last week at $20 10 and Richmond vards steady at $19.75 tp $2025. Baltimore, was ut» 50 pents at $20.75 *o $21.25 and Chicago-Indianaoolis up a quarter at $19.25 to $20.
BROILERS
Broilers will hold the 3-4c gain they made last week. and stand a mod chance to strengthen another. cent this week.
But the momentum of the recent swift upswing may be about used up, a swing that moved Valiev prices up 8c 1m the past month. > A factor that has turned up unexnectedly is a very high mortality
43.0%