. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. # THE HOG SITUATION By L. F. Stlce, Extension Marketing Specialist The December 1 pig crop report of the U. S. Department of Agriculture does not change the I9U6 hog price outlook algniflcantly. Whereas earlier reports had in- dicated a 19^+6 spring pig crop of the same size as in 19^5, this report indicates a 2 percent increace. A 7 percent increase is expected in the eastern corn-belt rtates which reflects the larger 19'+5 com crop particularly in Indiana and Ohio. It is likely
. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. # THE HOG SITUATION By L. F. Stlce, Extension Marketing Specialist The December 1 pig crop report of the U. S. Department of Agriculture does not change the I9U6 hog price outlook algniflcantly. Whereas earlier reports had in- dicated a 19^+6 spring pig crop of the same size as in 19^5, this report indicates a 2 percent increace. A 7 percent increase is expected in the eastern corn-belt rtates which reflects the larger 19'+5 com crop particularly in Indiana and Ohio. It is likely that 19^6 spring pigs will be farrowed earlier than the last two years, which will result in earlier marketings next fall than this year. Support prices decline after September 30, 19^6, and reach a low of $ in December 19^6, Chicago basis, for good to choice barrows and gilts. However, the demand is expected to be good enough that market prices will not reach this level, althou^i a decline is to be ex- pected. PIG CEOPS, , SPRING, FALL, AND TOTAL, 1937-19^1 AV., 19UI-I9U5 125 100 75 50- 25 ol 122 Pi^s. m \ 87 87 n m > m :tsi^ 125 100 The 12 percent larger 19^4-5 fall pig crop will be re- flected in heavier marketings in the late npring of 19^4-6. 'Prices are expected to drop below the ceilings at this time but should remain above the support level of $13. -75 l^Ml 19^1 19^2 19^+3 19^^ 19^'5 19^6* av. ?Preliminary estimate It is difficult to ana- lyze the situation for 19^6 fall pigs at thid time. A tight com situation next spring and summer will likely result in a 19^6 fall -50 P^6 crop smaller than the 35 mil- lion head raised this fall. Con- sumer incomes will likely be good 25 in the spring of I9U7 when these pigs will be marketed, but the number of cattle fed next winter, export demand end the size of the 19^6 com crop, all unpredictable factors, will influence hog prices in I9J+7. 0 (^. Please note that these images are extracted from scanned page im
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