Publisher's Synopsis
Excerpt from Marketing and Transportation Situation, Vol. 172: February, 1969
After rising sharply in each of the first 3 quarters of 1968, the retail cost of a market basket of farm-originated food leveled in the fourth quarter. Even with the slowdown, however, fourth quarter retail costs were up percent from a year earlier.
Returns to farmers (farm value) for market-basket foods dropped percent from the third to the fourth quarter. Decreased prices for hogs, frying chickens, and citrus fruits more than offset in creases for eggs and some fresh vegetables. Returns to farmers for market-basket foods in the fourth quarter averaged percent above a year earlier because of increases in the first 3 quarters.
The marketing system absorbed the drop in the farm value of market-basket foods from the third to the fourth quarter last year. Spreads between retail prices and farm values of these foods, after remaining Stable during the first half of 1968, aver aged percent wider in the fourth quarter than in the third and averaged percent wider than a year earlier.
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