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The Wilmington Morning Star
Wilmington, New Hanover County, North Carolina
What is this article about?
U.S. Agriculture Department reports ham prices rose after controls lifted, but egg prices will decline after November due to rising pork supplies and seasonal production, reaching support levels early next year.
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WASHINGTON. Oct. 27.- (AP) - The Agriculture department had a cheerful word today for ham-and-egg breakfasters.
It said that while ham prices have advanced considerably since price controls were lifted, the price of eggs should be lower by the time ham become available in any appreciable quantity.
A downturn in egg prices will come after November, the department said. By that time supplies of pork products are expected to be up sharply.
Two factors are expected to pull down egg prices-the availability of more meat, for which eggs are used as a substitute in period of shortage. and a seasonal increase in egg production.
The department said egg prices are expected to fall early next year to levels at which the government is required by law to support them.
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Domestic News Details
Primary Location
Washington
Event Date
Oct. 27
Outcome
egg prices expected to fall after november due to increased pork supplies and seasonal egg production; prices to reach government support levels early next year.
Event Details
The Agriculture department stated that while ham prices have advanced since price controls were lifted, egg prices should be lower by the time pork products increase appreciably. A downturn in egg prices will come after November, pulled down by more meat availability (eggs as substitute) and seasonal increase in egg production.