In Chicago, hog prices dipped to their lowest level in years: $15.50 per 100 Ibs., down 75¢ from the first part of the week and nearly $10 below the peak prices paid a year earlier. As the price of live hogs fell, supermarkets slashed prices of pork products. Hams sold at 49¢ per lb., 12¢ below last year; sausage at 45¢, down 2O¢; center-cut pork chops at 79¢, against 99¢ a year ago.
The immediate cause of the price break was a sharp 12% rise in the size of the 1959 spring pig crop. Farmers had been encouraged to...
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