Publisher's Synopsis
Excerpt from Developments in Marketing Spreads for Agricultural Products in 1970: Statement Prepared for Hearings Before the Agriculture Subcommittee on the Committee on Appropriations, U. S. House of Representatives, Ninety-Second Congress, First Session
In 1970, the net farm value averaged cents per pound, nearly 3 cents below 1969. However, the change during the year was much more dramatic-a decline from a high of 50 cents per pound in February to a low of 27 cents per pound in December. Pork prices generally drop in the fall, but the rate of decline in 1970 was more precipitous than usual.
The 1970 farm-retail spread for pork averaged 20 percent higher than in 1969. The Sharp rise in the Spread from cents per pound in the first quarter to cents in the fourth quarter occurred as the farm value of pork declined at a much faster rate than retail prices.
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