AGRICULTURE: Contrary Hogs

As a near-record crop of 37 million pigs began moving to market this spring, the seasonal glut sent the average price of pork dropping to $16 a hundredweight. Secretary of Agriculture Charles F. Brannan warned Congress that unless it gave the Commodity Credit Corp. an extra $2 billion for the overall price-propping program, he could not support the pork market. When Congress did nothing, Brannan's economists gloomily predicted that unsupported pork might fall as low as $10 a hundredweight.

Instead, the market turned as contrary as a razorback hog. Without any Government...

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