stock producers are kept informed on the progress of cooperative livestock marketing and other important developments in the livestock industry. In addition to these services, the National has represented organized producers in rate hearings, has cooperated with the United States Department of Agriculture and other agencies in developing and putting into use standard market classes and grades of hogs. The National is encouraging the production of higher quality livestock by the fostering of farm boys' and girls' feeding contests conducted by extension and vocational agricultural workers. Prizes are given the winners in the contests by the National or its member agencies and at some markets auctions are conducted by cooperatives for the disposition of the livestock fed and shown. In cooperation with other branches of the industry, the association is endeavoring to increase the market outlet for livestock and livestock products. The National Association has been instrumental in bringing about a closer coordination and understanding among livestock producers, packers, retailers, and consumers. Member agencies of the National have arranged market tours whereby large delegations of livestock producers are conducted through the livestock markets where they have an opportunity to observe and study the methods followed by cooperatives in the handling and the selling of their livestock. The various market grades of livestock are pointed out and stress is laid on the type and grade of livestock the market demands. In addition, grading demonstrations are being conducted at country points to familiarize farmers with the various grades of livestock and to inform them as to the degree of finish their animals must attain before they are ready for market. TERMINAL AND REGIONAL MEMBERS OF NATIONAL Below are the names and addresses of the terminal and regional sales agencies that are members of the National: Chicago Producers Commission Association, 615 Livestock Exchange Building, Chicago, Ill. Evansville Producers Commission Association, Livestock Exchange Building, Evansville, Ind. Farmers Union Livestock Commission Co., Farmers Union Building, South St. Paul, Minn. Intermountain Livestock Marketing Association, 401 Livestock Exchange Building, Denver, Colo. Iowa Livestock Marketing Corporation, Valley National Bank Building, Des Moines, Iowa. Michigan Livestock Exchange, Livestock Exchange Building, Detroit, Mich. National Order Buying Co., 85 East Gay Street, Columbus, Ohio. Peoria Producers Commission Association, Room 11, Livestock Exchange Building, Peoria, Ill. Producers Commission Association, Livestock Exchange Building, Union Stockyards, Indianapolis, Ind. Producers Commission Association, Room 100, Livestock Exchange Building, Kansas City, Mo. Producers Commission Association, 312-14 Exchange Building, Sioux City, Iowa. Producers Cooperative Commission Association Stockyards, East Buffalo, N. Y. Producers Cooperative Commission Association, Livestock Exchange Building, Cincinnati, Ohio. 120772°-32-3 Producers Cooperative Commission Association, 21-22 Livestock Exchange Building, Cleveland, Ohio. Producers Cooperative Commission Association, Third Floor, Stockyards Hotel, Pittsburgh, Pa. Producers Livestock Commission Association, Livestock Exchange Building, National Stockyards, Ill. Producers Livestock Commission Co., P. O. Box 334, Stockyards, Springfield, Ill. Producers Livestock Marketing Association, Livestock Exchange Building, South St. Joseph, Mo. Texas Livestock Marketing Association, 202-206 Livestock Exchange Building, Fort Worth, Tex. Western Cattle Marketing Association, with its main office at 450 Mission Street, San Francisco, and a branch office at Los Angeles, Calif. Oklahoma Livestock Marketing Association, Stockyards Station, Oklahoma City, Okla. Producers Livestock Marketing Association, 207 Bourbon Stockyards, Louisville, Ky. More detailed information may be obtained by writing to the National Livestock Marketing Association, Builders Building, 228 North LaSalle Street, Chicago, Ill. Headquarters of National Livestock Marketing Assin Member Agencies of National Livestock Marketing Ass'n. ☐ Headquartes of National Feeder and Finance Corporation Regional Livestock Credit Corporation GRAPHIC SECTION FEDERAL FARM BOARD The National Livestock Marketing Association's main office and headquarters of the National's 22 member agencies are indicated on the above map. The National, through these agencies, serves approximately 350,000 farmers and ranchmen who are members and patrons. Approximately 8,462,000 head of livestock were handled during 1931 by these cooperatives. This map also shows the location of the National Feeder and Finance Corporation, a subsidiary of the National Livestock Marketing Association. Five regional livestock credit corporations affiliated with the National Corporation are indicated. These financing agencies had loaned to individual farmers and ranchmen $13,616,110 on livestock up to March 1, 1932. Farmers and ranchmen have several ways of marketing their livestock cooperatively through the various agencies affiliated with the National They may market through local, county, State, regional, or terminal cooperative associations. NATIONAL WOOL MARKETING CORPORATION Forty thousand farmers and ranchmen delivered to the National Wool Marketing Corporation more than 116,000,000 pounds of wool and mohair during the 1931 marketing season. This central cooperative selling agency handled in 1931, as well as in 1930, more than five times as much wool and mohair as was marketed by cooperatives operating separately during 1929 before the National Corporation was formed. Through their own national selling agency, growers now control approximately onethird of the wool, exclusive of pulled wool, and more than one-half of the mohair produced in the United States. Producers own and control the National Corporation through 27 stockholder marketing organizations, located throughout the country. The National was incorporated under the laws of Delaware on December 24, 1929, and has headquarters at 281 Summer Street, Boston, Mass. The National Wool Marketing Corporation, with authorized capital stock of $1,000,000, is a nation-wide grower-owned-and-controlled marketing agency. Plans for establishing the National were started on October 4, 1929, at a meeting in Chicago. This conference, called by the Farm Board and attended by representatives of wool and mohair associations from all parts of the United States, formed the nucleus for the present corporation. In addition to the 27 stockholder members, there are 3 associations that do not own stock in the National but ship their wools to the Central Wool Marketing Corporation at Boston, Mass., a member of the National. The Central was organized to handle wool from sections where sufficient volume could not be secured to qualify locals as stockholders in the National. All of the wool received by the Central is marketed through the National Corporation. The accompanying chart outlines the plan of marketing through the National (p. 38). The 27 stockholder member associations include both State and regional organizations. To become a stockholder of the National, the member association must have handled during the previous year or have under contract for delivery at least 500,000 pounds of wool or mohair. There is a contract between the individual grower and the regional or State organization. The State and regional associations in turn are under contract with the National Wool Marketing Corporation which is the exclusive sales agency of the member associations. The functions of the member agencies are to establish contact with the growers and cooperate with the National in the assembling, warehousing, processing, and selling of wool and mohair. They also maintain organization and field service departments for the purpose 120772°-32-4 33 |