Word: corne
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...Heretofore the record pig crop has been kept off the market by Administration food-and-price policy. The Agriculture Department guarantees hog raisers a $13.75 per 100 lb. "floor" price-put in effect last year to stimulate hog production. The Office of Price Administration has a $1.07 ceiling on corn. Thus the hog corn ratio is artificially maintained at 13-to-1-so high that farmers would be foolish to do anything with their corn except feed it to hogs...
...Paralyzed the corn market. (Poultry raisers, dairy farmers and commercial users, who need corn so badly that milk may have to be rationed in some states, are unable...
...Created an actual corn shortage. (If hogs continue to consume corn at the present rate, the U.S. will have only 25,000,000 bu. at next season's end-one-twelfth the normal carry-over...
When the laws of supply & demand are permitted to operate, fluctuations in the corn-hog ratio keep the corn supply and number of hogs in automatic balance. Under the Agriculture Department-OPA rules, they have moved so far apart that only a major hog liquidation can restore any semblance of order. Thanks to the growing feed shortage, this liquidation is now beginning...
...market should prove a good thing for the U.S. In the midst of wartime food scarcities the U.S. should be using its feed grains first for poultry and dairy herds, then for beef cattle which eat grass as well as grain. A large hog population, eating vast quantities of corn, is a luxury the U.S. cannot afford in wartime...