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The President's Address

Purdue University

Abstract

In opening the annual meeting of this society, I do not feel that I shall have done my duty without calling your attention to the manner in which the livestock industry with which we are connected has performed in the last two years. According to the official reports from the U. S. Department of Agriculture, the marketing of hogs from November 1, 1922, to July 1, 1923, was greater than the average of the corresponding period 1909-13. The total slaughter of hogs in 1922 was 25% greater than in 1921. The production of 1923 will show a slight increase over that of 1922. While the corn-hog ratio has been at times somewhat unfavorable, the bulk of these hogs were marketed at a profit. In fact, had we not experienced a great increase in hog production the surplus of corn would have borne down the price of this grain to the point where the hogs would doubtless have shown a favorable ratio at all months of the period.