Kankakee Valley Post, Volume 18, Number 6, DeMotte, Jasper County, 2 January 1948 — POULTRY PROFIT LOWEST IN YEARS [ARTICLE]

POULTRY PROFIT LOWEST IN YEARS

Recent poultry and egg prices appear high to consumers, but they are not very favorable for producers, says L. H. Simerl, department of agriculture economics at the University of Illinois. “In comparison with costs of feed, chicken and egg prices in mid-November were the most unfavorable for the month in the 24 years for which comparisjons are available,” he reported in the U. of I. weekly farm outlook letter. “November turkey prices, in relation to feed costs, were the least favorable since November 1936.” The average cost of poultry feed in the U. S. in November was $4.71 per 100 pounds. This figure compares with $3.65 a year earlier. In contrast, the average farm price of chickens was only 24.9 cents a pound liveweight compared with 27.5 cents last year. November turkey prices to farmers averaged 35.8 cents whereas the average in November 1946 was 36.5. For eggs the average price to farmers in November was 53.4 cents a dozen compared with 47.8 cents a year ago.