Economic and Marketing Information for Indiana Farmers (Dec. 28, 1953) |
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Economic and Marketing INFORMATION FOR INDIANA FARMERS Lafayette, Indiana December 28, 1953 Prepared by members of the Agricultural Staff of Purdue University Where Should I Sell My Hogs? By CLIFTON B. COX and RICHARD HABY, Agricultural Economics i Information is based on research currently being done by the Agricultural Experiment Station.) WHEN YOUR HOGS are ready to sell, do you wonder where to take them to get the highest price and the greatest net return? This is not an easy decision; livestock markets in Indiana are numerous and many factors influence the net return. Here are some figures that may indicate your most profitable market. In Indiana there are four posted markets—Indianapolis, by far the largest, Evansville, Fort Wayne and Muncie. Posted markets are stockyards that are operated under supervision of the Federal Packer and Stockyards Administration. Three major posted markets just beyond the state's borders—Chicago, Cincinnati and Louisville—also receive a large number of Indiana hogs. There are also 129 dealer and packer markets and 81 auction markets in the state. In 1951, approximately 47 percent of the 6.7 million hogs that were marketed 'n Indiana were sold through Indiana's four posted markets. This compares with 46 percent marketed through the dealer and packer markets and 7 percent going through the auctions. Prices At Markets Compared If you have a choice between *wo or more markets, at which one °re you most likely to receive the highest price? Higher quoted prices are not always indicators of higher ne* returns. Commission fees, yard- a9e, transportation costs and sort- m9 practices must also be consid- ered. In all markets checked, In dianapolis reported prices for 200- 220 pound hogs that averaged higher than any of the other markets with the exception of Cincinnati and in the 1948-49 period, when Chicago prices averaged 4 cents more than Indianapolis. In the posted markets, from July 1952 to June 1953, Indianapolis averaged 13 cents lower than Cincinnati but 23 cents higher than Chicago. (Table 1) There is more variation among the dealer and packer markets and Indianapolis than among the posted markets. For medium weight hogs, this differential ranged from 15c to $1.05 (Table 2). However, these differentials are based on the basic prices quoted at the markets; further calculations are necessary before they are comparable. Some of these dealer and packer markets make deductions for yardage and commission and at some a premium is added to the Table 1. Comparison of Differentials Between Indianapolis and Six Other Posted Markets for 200-220 Pound Hogs for Four Different Periods Market Prewar Syr. (1937-41) War 3 yrs. (1942-44) Postwar 1 yr. July-June (1948-49) Chicago Evansville Louisville Cincinnati Fort Wayne Muncie - .03 - .30 - .18 + 11 - .17 Cents Per 100 Pounds - .06 4- .04 - .21 + .06 - .18 - .24 + 10 - .36 - .41 (1952-53) - .23 - .21 - .22 -+• .13 - .08 - .20 Data not available. Table 2 Comparison of Differentials Between Indianapolis and Selected Dealer and Packer Markets for 200-220 Pound Hogs, July 1952-June 1953. Price Disadvantages location of Price Disadvantagei From Indianapolis Market From Indianapolis Location of Market County Blackford Cass Market Market Elkhart Gibson Jackson Cents Per 100 lbs. .27 .24 .52 1.05 1.05 .40 County Knox Madison Miami Rush Cents Per 100 lbs. .55 .15 .40 .34 Tippecanoe Market A Market B .44 .19
Object Description
Title | Economic and Marketing Information for Indiana Farmers (Dec. 28, 1953) |
Purdue Identification Number | UA14-13-econ195312 |
Date of Original | 1953 |
Publisher | Purdue University. Agricultural Extension Service |
Subjects (LCSH) |
Farm produce--Indiana--Marketing Agriculture--Economic aspects--Indiana |
Genre | Periodical |
Collection Title | Extension Economic & Marketing Information (Purdue University. Agricultural Extension) |
Rights | Copyright Purdue University. All rights reserved. |
Coverage | United States - Indiana |
Type | text |
Format | JP2 |
Language | eng |
Repository | Purdue University Libraries |
Date Digitized | 02/27/2015 |
Digitization Specifications | Original scanned at 400 ppi on a BookEye 3 scanner using Opus software. Display images generated in Contentdm as JP2000s; file format for archival copy is uncompressed TIF format. |
URI | UA14-13-econ195312.tif |
Description
Title | Economic and Marketing Information for Indiana Farmers (Dec. 28, 1953) |
Purdue Identification Number | UA14-13-econ195312 |
Transcript | Economic and Marketing INFORMATION FOR INDIANA FARMERS Lafayette, Indiana December 28, 1953 Prepared by members of the Agricultural Staff of Purdue University Where Should I Sell My Hogs? By CLIFTON B. COX and RICHARD HABY, Agricultural Economics i Information is based on research currently being done by the Agricultural Experiment Station.) WHEN YOUR HOGS are ready to sell, do you wonder where to take them to get the highest price and the greatest net return? This is not an easy decision; livestock markets in Indiana are numerous and many factors influence the net return. Here are some figures that may indicate your most profitable market. In Indiana there are four posted markets—Indianapolis, by far the largest, Evansville, Fort Wayne and Muncie. Posted markets are stockyards that are operated under supervision of the Federal Packer and Stockyards Administration. Three major posted markets just beyond the state's borders—Chicago, Cincinnati and Louisville—also receive a large number of Indiana hogs. There are also 129 dealer and packer markets and 81 auction markets in the state. In 1951, approximately 47 percent of the 6.7 million hogs that were marketed 'n Indiana were sold through Indiana's four posted markets. This compares with 46 percent marketed through the dealer and packer markets and 7 percent going through the auctions. Prices At Markets Compared If you have a choice between *wo or more markets, at which one °re you most likely to receive the highest price? Higher quoted prices are not always indicators of higher ne* returns. Commission fees, yard- a9e, transportation costs and sort- m9 practices must also be consid- ered. In all markets checked, In dianapolis reported prices for 200- 220 pound hogs that averaged higher than any of the other markets with the exception of Cincinnati and in the 1948-49 period, when Chicago prices averaged 4 cents more than Indianapolis. In the posted markets, from July 1952 to June 1953, Indianapolis averaged 13 cents lower than Cincinnati but 23 cents higher than Chicago. (Table 1) There is more variation among the dealer and packer markets and Indianapolis than among the posted markets. For medium weight hogs, this differential ranged from 15c to $1.05 (Table 2). However, these differentials are based on the basic prices quoted at the markets; further calculations are necessary before they are comparable. Some of these dealer and packer markets make deductions for yardage and commission and at some a premium is added to the Table 1. Comparison of Differentials Between Indianapolis and Six Other Posted Markets for 200-220 Pound Hogs for Four Different Periods Market Prewar Syr. (1937-41) War 3 yrs. (1942-44) Postwar 1 yr. July-June (1948-49) Chicago Evansville Louisville Cincinnati Fort Wayne Muncie - .03 - .30 - .18 + 11 - .17 Cents Per 100 Pounds - .06 4- .04 - .21 + .06 - .18 - .24 + 10 - .36 - .41 (1952-53) - .23 - .21 - .22 -+• .13 - .08 - .20 Data not available. Table 2 Comparison of Differentials Between Indianapolis and Selected Dealer and Packer Markets for 200-220 Pound Hogs, July 1952-June 1953. Price Disadvantages location of Price Disadvantagei From Indianapolis Market From Indianapolis Location of Market County Blackford Cass Market Market Elkhart Gibson Jackson Cents Per 100 lbs. .27 .24 .52 1.05 1.05 .40 County Knox Madison Miami Rush Cents Per 100 lbs. .55 .15 .40 .34 Tippecanoe Market A Market B .44 .19 |
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