Business & Finance: Headline Hogs

For the best medium-weight hogs in Chicago last week packers were paying $11 per cwt. Including processing tax a fat, tender 250-lb. porker cost nearly $30. In 1932 the same animal would have brought less than $9. Such fine pig news should have excited farmers of the Midwest but they were singularly apathetic about hog headlines. Fact was, they had very few pigs to sell.

Autumn is the biggest hog-marketing season, with spring next. Summer slaughtering is normally light, and this year the Bureau of Agricultural Economics estimates that it will be the lightest...

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