The conclusions of the conference were as follows:
The entire marketing situation has
so changed since the September Joint
conference as to necessitate an entire
alteration In the plans of price stabi
lization. The current peace talk has
alarmed the holders of corn, "und there
has been a price decline of from 2.'>
cents to 40 cents per bushel. The fact
that the accumulations of low priced
eorn in the Argentine and South Afri
ca would, upon the advent of peace
and liberated shipping, become availa
ble to the European market has cre
ated a great deal of apprehension on
the part of corn holders. This decline
has spread fear among swine growers
that similar reduction In the prices
of hogs would naturally follow. More
over, the lower range of corn prices
would, If incorporated In a 13-to-l ra
tio, obviously result In a continuously
falling price for live hogs. In view
of these changed conditions many
swine producers anticipated lower
prices and as a result rushed their
hogs to market In large numbers, and
this overshipment has added to and
aggravated the decline.
