Word: cwt
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Corn into Meat. Most U. S. corn is fed to hogs, steers, chickens. Thus when corn soars so does pork, lard, eggs, beef. Fat corn-fed steers have risen in the past fortnight from a $8.50 per cwt. to $9.50. Top price for hogs last week was $5.60, best level in three years. Meanwhile, however, the stock yards have been overrun with gaunt, stumbling beasts which stricken farmers can no longer feed, and this is why the price of ordinary meat-on-the-hoof has gained little. Government purchases of relief cattle may run as high...
...that to add 10% to the freight charges on lightweight commodities for short hauls would only drive even more business into the hands of truck and steamship competitors. Consequently they were planning a graduated increase, not permitting rates of any one commodity to he upped more than 3¢ per cwt...
...Mississippi Plant Board reported an average count of 119 boll weevils to the acre, against 75 the week before, 323 year ago. Prospects of a reduction in breeding stock and mounting feed prices boosted topnotch hog prices to the best level since October ($5 per cwt.), cattle prices to the highest since September 1932 ($10.25 per cwt.). But few if any of the gaunt animals that shuffled into the stockyards last week qualified for these prime prices...
...speculators who call themselves the "Crusaders" and whose sworn purpose is to make the world "commodity conscious." Nothing much ever happens marketwise in either black or white pepper and nothing at all in shellac since the Japanese cornered the market in 1924. Shellac sold as low as $9.15 per cwt. during the Depression, is now $28.80 but the shrewd men from Mincing Lane cannot forget that shellac was once squeezed to $200. There is no futures market in shellac or pepper in the U. S. but Ben Smith would like to see one. This was not the first time that...
...capital and man agement." In 1932. farm income had dropped another $1,700,000,000. According to Milo Reno, a farmer would have to receive the following prices if he was to make the bare costs of production: wheat. $1.35 a bu.; corn, 92?; oats, 49?; hogs, $11.25 a cwt.; chickens 24? a Ib. Last week's Chicago prices: wheat, 85?; corn, 45?; oats, 35?; hogs, $4.60; chickens, 10?. These being Chicago prices, farmers' receipts were lower by the amounts of transportation, storage and brokerage fees...