Price changes and the surpluses or shortages of specific products are often first noted in wholesale channels. The wholesaler to a certain extent determines the market price. If more pork is offered through trade channels than consumers will take at a given price the wholesaler promptly reduces his price bid to packing houses; prices paid for live hogs on the one hand, and for wholesale cuts of pork on the other, will decline. Reduced prices to consumers are thus made possible, and a larger supply of pork will be absorbed. An opposite action will occur,.
