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Hog-Corn Ratio Sets All Time High For 1972
Washington AP reports the hog-corn ratio, the cash value of 100 pounds of live hogs relative to corn, is poised to surpass 20 for 1972, signaling high profits now but potential later downturn. Farmers cut hog output after 1971 lows while feed costs fall, with midyear ratios near 21.5 and hog prices near record levels. The USDA expects continued strong prices and a narrowing production gap, forecasting higher winter farrowings and a larger pork supply next summer amid seasonal price drift.
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Washington
Agriculture Department
USDA
Omaha