Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 10 · column 3 of 6 · from the scan, no model involved
S.i Weekln Farm Price
Outlook (
^ HOGS
Loot for small ups and downs in hog prices for the next two or three weeks, as they sound for the bottom of the fall seasonal low. There may be a net decline in these fluctuations. The'level of hog slaughter is still running a little below last year, but is due to catch up towards the end of the yew. On September 1, the 10 Midwest com states had 18 per cent more hogs under'three months old than last year- Thus the seasonal decline in supply that follows after the Qctober-November peak will be lessened. Su, don't look for as big a seasonal recovery when prices
turn bottom.
Long range tng hog prices, will start out lower next year through th
But if
e year.
you
outlookers are sayand
stay that way
have com, don’t talk yourself o it of the hog business until you’i e done some figuring. The hog-corn ratio n.ow stands at healthy 16 to 1 in 'Eastern Virginia. V^ith corn at $1.25, fyogs can go to $16.25 before the ratio hits the 1$ To one break-even , point.
Hogs in,Virginia auctions last week averaged I $20. They were $19.75 to $20 |n Richmond $18. 75 to $19 50 in Midwest markets and $20.25 to $20.50 in Baltimore. 'All these; prices were down 25 to 50 cents from the previous week.
CAJTLF,
52.2%