. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. ) WHAT'S AHEAD IN HOG PRICES? By L. F. Stlce, Extension Marketing Specialist The recent unexpected sliimp in hog prices has undouhtedly caused many producers to wonder what's ahead in hog prices this winter. Some weakness in prices and closer grading were to he expected as hog receipts increased with the marketing of the spring pig crop, hut the decline was more sudden and severe than can he explained by changes in demand and supply conditions. Receipts of salahle hogs at 12 puhli
. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. ) WHAT'S AHEAD IN HOG PRICES? By L. F. Stlce, Extension Marketing Specialist The recent unexpected sliimp in hog prices has undouhtedly caused many producers to wonder what's ahead in hog prices this winter. Some weakness in prices and closer grading were to he expected as hog receipts increased with the marketing of the spring pig crop, hut the decline was more sudden and severe than can he explained by changes in demand and supply conditions. Receipts of salahle hogs at 12 puhlic markets during Septemher were officially estimated at 1,085,000 compared with 1,557,000 in Septemher 1945. October receipts in- creased to 1,214-5,000, but this was 251,000 head below those for October 19^^-5 and 28,000 below receipts for October 19l<-2 (see chart below). Moreover, hog receipts at these mar- kets the week ending November k, 19Ul2'J,'jk6 compared with 500,7214- for the same week in I9I4-5. The civilian demand for pork and. pork products is not being supplied and may be expected to continue strong during the coming months. Although shortage of labor in pack- ing plemts may have been a contributing factor, the most likely explanation is that pack- ers took advantage of the increased market receipts to reduce their costs of purchases from the level they were paying during the months of short receipts. Undoubtedly receipts will continue to increase until a peak is reached in December or January, but because of the 2k percent reduction in the spring pig crop, they will not be so large as a year ago. Hog prices will continue to show some weakness during this period of seasonally heavy mar- keting, but the decline should not be so severe as a yeai' ago. MONl'ELY RECEIPTS OF SALABLE HOGS AT 12 PUBLIC MARKETS, OCTOBER 19lf2 TO OCTOBER 19l^lf • Head (000) 2,50c- 2,00c 1,50c 1,00c - ^ead (000). Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Please note
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