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Weekty Farm Price
Outlook
iHOGS
S'.
A modest and shortlived d«v clijrie from the current favorabljr levd may bc in the offing for hot prices in the next week or so. f: Then hog prices will probably move on to the usual summer peak extept a little earlier than l?st year, probably May-June. Aiming fof this earlier period should bie worthyrhile. 4 ■ j r jGraWyTngly, the predicted February decline did not come.^The unexpected strength in prices up tjo poiw is at least partly due to producers holding back breeding stock setting up a situation similar tjo that of 1953 when unusual pritje strength preceded the 19J4 production
upswing. New yarn Belt figures show sows for^rarrowing December to May up 6% from l$tt year with 15% more farrowing in thc early half of that period, only 1 % more in the last—and formerly highest—half, indicating a breeding switch. , j *
Other factors in the price situii‘:on • Changing breeding patterns, levelling out production lows and highs, naturally affects price high* and lows, tod, < \
Some shifting of retail demand from beef’to pork has become evident, supported by colder weather and spfhe sales Resistance to higher beef prices. ■ ■ b
51.3%