Livestock, meat, wool market news

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Title:
Livestock, meat, wool market news
Physical Description:
v. : ; 21-23 cm.
Language:
English
Creator:
United States -- Agricultural Marketing Service. -- Livestock, Poultry, Grain, and Seed Division
United States -- Agricultural Marketing Service. -- Livestock Division
United States -- Agricultural Marketing Service. -- Livestock & Seed Division
Publisher:
The Division
Place of Publication:
Washington, D.C
Publication Date:
Frequency:
weekly
regular

Subjects

Subjects / Keywords:
Meat industry and trade -- Statistics -- Periodicals -- United States   ( lcsh )
Wool industry -- Statistics -- Periodicals -- United States   ( lcsh )
Livestock -- Marketing -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
serial   ( sobekcm )
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )

Notes

Additional Physical Form:
Distributed to depository libraries in microfiche.
Statement of Responsibility:
Livestock, Poultry, Grain and Seed Division, Agricultural Marketing Service, U.S. Department of Agriculture.
Dates or Sequential Designation:
Began with v. 27, no. 1 (Jan. 6, 1959) issue.
Issuing Body:
Vols. for <Jan. 16, 1979-May 14, 1983> issued by: Livestock, Meat, Grain and Seed Division, Agricultural Marketing Service, U.S. Dept. of Agriculture; <Nov. 12, 1983-> by: the Livestock Division, Agricultural Marketing Service, U.S. Dept. of Agriculture; 1996 issue\d by: the Livestock and Seed Division, Agricultural Marketing Service, U.S. Dept. of Agriculture.
General Note:
Description based on: Vol. 47, no. 2 (Jan. 16, 1979).
General Note:
Latest issue consulted: Vol. 58, no. 40 (Oct. 6, 1990).

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 004691915
oclc - 04512121
lccn - sn 87043107
Classification:
lcc - NOT IN LC
ddc - 338.105
System ID:
AA00008493:00020

Related Items

Preceded by:
Market news (Washington, D.C.)
Succeeded by:
Livestock, meat, and wool weekly summary and statistics

Full Text







WEEKLY SUMMARY

AND STATISTICS


LIVESTOCK DIVISION, AORICIUL 1 \MARKETING SERVICE
U.S. DEPARTMENT OF A"4lCULTURE
WASHIenOTON *4, D.. \


Vol. 30, No. 10


Week


Livestock Market Reviews ...... ..
Livestock Market Receipts (with monthly totals) .
Feeder Statistics . .
Estimated Percentage of Feeder Cattle and Slaughter
Cows in Salable Receipts .
Steer Sales Statistics .


Slaughter at Major Centers .
Estimated Slaughter and Meat Production
Cattle Prices . .
Hog Prices .. ...
Hog Purchase Statistics .
Sheep and Lamb Prices . .
Wholesale Meat Trade Reviews .
Wholesale Dressed Meat Prices .. .
Wool Market Review . .


S. 9

9 9
9 9 9








special to this issue
Commercial Livestock Slaughter and Meat Production,
January 1962 . .....
Meats Graded or Accepted, by Grades, January 1962 .
Meat and Meat Food Products Processed and Canned
Under Federal Meat Inspection, Calendar Year 1961.
Effective Parity Prices, February 15, 1962 .
Prices Received by Farmers, February 15, 1962 .
Stocker and Feeder Cattle and Sheep Received in
Several North Central States, January 1962 .
Wool Production and Value, 1961 .. ... .


March 6, 1962


Page
. 178
. 181
. 182

. 182
. 185
. 184
. 184
. 185
. 186
. 187
. 196
. 188
. 189
. 190



. 191
. 191

. 192
. 195
. 195

. 194
. 195


MEAT



WOOL


sIII*llWA






MIDWEST LIVESTOCK REVIEW

and

RANGE AND FEEDLOT SALES


Extremely cold weather and snow storms con-
tinued to blast the Midwest and hamper movement
of livestock through terminals. Slaughter steers
sold steady to 50# higher at most midwest mar-
kets with the greatest advance on Choice and
Prime offerings. At Omaha and Sioux City Stan-
dard to low-Choice steers were steady to 50#
lower. Slaughter heifers were steady to 250
higher. Cows sold steady to 500 higher, largely
25-50 up in the fourth straight week of up-
turns. Feeder cattle and calves were mostly
steady. Barrows and gilts as well as sows were
steady to 50# higher for the week. Slaughter
lambs sold steady to 25# lower while ewes were
steady to 500 higher.

SLAUGHTER CATTLE AND CALVES Receipts
were moderate for the fourth straight week. The
supply included a large percentage of short fed
steers which sold lower at some markets. The
price spread on all slaughter steers moved out
to the widest range since January of 1961. The
dressed meat trade was unresponsive to the small
supply and carlot prices failed to show any
advance in the week before the beginning of
lenten season.
Slaughter steers sold steady to 500 higher,
advance limited mostly to Choice and Prime with
Standard to low-Choice steady to 50# lower at
Omaha and Sioux City. Prime steers at Chicago
sold up to $30.00 to equal the high since June
of 1960. Heifers steady to 25# higher,instances
500 up and here again best demand for small sup-
ply of Choice and Prime. Cows were steady to
500 higher, mostly 25-500 up in the fourth
straight week of upturns. Bulls and vealers
were steady to strong, except vealers weak to
$1.00 lower at St. Paul.
Slaughter steers: Three loads Prime 1253-
1394=- ;$.0.C0 at Chicago where high-Choice and
Prime 1250-140:' $28.75-29.85, dozen loads at
$29.75, and Choice 900-1400- bulked at :6.25-
28.50. At other terminals mixed Choice and Prime
$27.00-28.r,), bulk Choice $25.00-27.25, Good
$22.00-25.00, Standard $19.50-22.00.
Slaughter heifers: Choice $25.00-26.75,
high-Choice and Prime 1000-1 $28.00 at Chicago
to set a new high since January 1961, Good heif-
ers ,22.00-25.00.
Slaughter cows: Utility and Commercial
$15.00-17.50, Canner and Cutter S13.CO-1S.00.

FEEDER CATTLE AND CALVES Receipts of
feeder cattle and calves at terminal markets
were seasonally moderate. Good and Choice 500-
8C'00 steers predominated. Only a very moderate
percent of the feeder supplies consisted of 800-
10507 steers and majority of these already showed
the effects of at least a limited turn on grain
feeds. Conflicting price influencing factors
tended to offset each other and in fairly active
trading prices generally were on a steady basis.


Much of the midwest during the fore part of
the week was embraced in a severe cold wave
and many areas had heavy accumulations of snow
from the storms of the previous week. Despite
such weather conditions many cattlemen were
looking ahead to the start of a new growing
season and this was reflected in a very depend-
able demand for cattle suitable to utilize pas-
ture and range feeds durLng the coming spring
and summer months. At the same time, even
though many feeders complained of poor feedlot
conditions due to ice and snow or mud, the
current price relationship between slaughter
and feeder cattle is more favorable than at
this time a year ago and, in view of the latter
there was considerable interest in fleshy
feeders at current price levels.
Feeder steers: Good and Choice 800-15931
$21.50-24.50, few loads Choice 950-10504 in-
cluded at $23.00-23.75. Limited numbers Choice
and mixed Choice and Fancy C.?5-C','' 2T7.50-
30.30; bulk Good and Choice 550-7701 $23.00-
27.00; Medium and mixed Medium and Good 550-
7 -'- c16.5 -, .. %.
Feeder heifers: Several loads Choice
??:-.,:" '.75-26.00; other Good and Choice
525-750# ranged S20.00-25.50. Few mixed Good
and Choice 692-728- included from 'Y.Y00-22.00
and load Choice 7.`?- at $23.25.
Feeder calves: Choice and mixed Choice
and Fancy 350-5'-: steers ranged .27.00-32.00;
Good and mixed Good and Choice 300-550 $24.00-
29.00. Good and Choice 300-50-- heifers
brought 2.'2.50--27.00, few $27.50-28.00.

HOGS Terminal markets The forthcoming
period of Lent had a bearish effect on the de-
mand for pork. However, reduced hog receipts
offset this factor and the week's trend on
barrows and gilts was steady to 500 higher.
Sows were steady to 50# higher with the full
advance mainly on weights above 450". The
price spread of barrows and gilts continued
to narrow. At the eight markets the average
weight of barrows and gilts at 229f was 2#
below the previous week. Receipts at the 12
markets were about 6 percent less than the pre-
vious week and 4 percent short of a year ago.
Sows comprised 7 percent of the supplies at
the eight markets.
Barrows and gilts: U. S. 1-2, 190-240Y
$16.75-17.50. No. 1-3, 190- 5,.- ?16.75-17.25
at Western Corn Belt centers and $16.25-17.00
in the eastern part of the area.
Sows: No. 1-3, 270-410- $14.75-15.50;
No. 2-3, 400-600: 14.C':'-15.00.
At Sioux City feeder pigs were steady
with a scattering of Good and Choice 140-10O
selling at $14.75-15.25. A moderate volume
at St. Paul was steady with Choice 120-150-
bringing c-o v a o U. .
Average cut-out value advantage of U. S.









No. 1 over No. 3 live basis 300-20-i barrows
and gilts was 92# per cwt based on wholesale
carlot prices of fresh pork cuts at Chicago Feb-
ruary 22 to February 28, 1962 inclusive.
Hogs Interior Iowa-Southern Minnesota
area receipts totaled 329,00u head, compared
with 305,000 in the preceding week and 322,000
a year earlier. Barrows and gilts advanced 10-
25# for the week under the influence of the
moderate supplies while sows were strong to 25#
higher.
Barrows and gilts: Most U. S. 1-3, 200-240'
sold late at $15.95-16.50, U. S. 1-2, 200-230.:
$16.50-16.75, few No. 1 16.90.
Sows: U. S. 1-3, 270-400# $14.00-15.50,
few No. 1-2 under 300- $15.50-15.90; No. 2-3,
400-550- mainly '12.60-14.25.
Hogs Interior Illinois Receipts for
the week were 115,100 compared with 94,000 a
week ago and 101,100 a year ago. Demand was
fairly good with the supply mostly 200-240' bar-
rows and ,Plts. Sows made 3-6 percent of run.
Barrows and gilts were steady to 150 higher,
Sows steady to 25# higher.
Barrows and gilts on Friday U. S. 1-3, 190-
2S0 .15.75-16.25; some 1-2, 200-220 $16.55-
135.C0; No. 1-3, 230-240 $15.50-15.85.
Sows: U. S. 1-3, 250-400- $13.25-15..00,
few -15...5155.40; No. 2-3, 400-500 $12.00-13.50.

SH1EP AND LAMBS Receipts at the 12 ter-
minals totaled 94,000 head, 5 percent over a
week earlier but little changed from last year.
Slaughter lambs sold steady to 25# lower for
the week at most points. Slaughter ewes were
steady to 25 higher. Feeder lambs were mostly
steady except 25# higher at Denver. Wooled
slaughter lambs comprised 80-90 percent re-
ceipts.
Slaughter lambs: Bulk Choice and mixed
Choice and Prime 86-115, wooled closed at $17.00-
18.00, few consignments 87-105' $18.25-18.50
and part deck Prime 93, lambs reached $19.00
at the National Stock Yards. choice and Prime
115-125' $16.50-17.50. Good and Choice 80-1109
W16.00-17.50, Good .15.CO-16.50. Bulk Choice
and mixed Choice and Prime 86-110- shorn No. 1
and fall shorn pelts $16.50-17.50, few shipments
90-108; with fall shorn pelts $17.75-18.00,the
latter price paid at Chicago on early rounds.
Good and Choice 80-1101 $15.40-17.00 including
Choice with Mo. 5 pelts $15.40-15.90. Choice
to mostly Prime 89-93 Kansas spring slaughter
lambs $18.00-18.10 at Denver; Good and Choice
60-70q $15.00-17.00 at Fort Uorth.
Slaughter ewes: Cull to Good, most wooled,
$3.50-8.00.
Feeder lambs: Choice and Fancy 60-95
wooled feeders F16.25-17.25, most Good and
Choice $14.00-16.50, including 60-75, wooled
and shorn lambs $14.00-15.00 at Fort !9brth.
Sheep and lamb receipts in the Interior
Iowa-Southern Minnesota area totaled 25,200
head, 7 percent more than a week earlier and
slightly less than a year ago. Wooled slaughter
lambs closed fully steady. Shorn slaughter
lambs were steady to 250 higher. Slaughter


ewes were steady.
Slaughter lambs: Bulk Choice and mixed
Choice and Prime 90-11C' wooled delivered to
packing plants closed at $17.50-18.00, 110-115#
$17.00-17.50. Good and low-Choice 85-110-
$16.00-17.25. Bulk Choice and mixed Choice
and Prime 85-110- shorn No. 1 and fall shorn
pelts $16.50-17.50 but closing levels $16.50-
17.25; Good and low-Choice *15.50-16.75.
Slaughter ewes: Cull to Good wooled
$2.00-5.50.

RANGE AND FEELOT SALES

Note: Shrink on most range and feedlot
sales none to 5 percent, mostly 4 percent f.o.b.
some with short haul and 3 percent shrink. All
sales for immediate delivery unless specified.

ARIZONA, CALIfORlJIA, NEVADA AND UTAH -
Slaughter steers and heifers fairly active,
firm to 50# higher with contracting through
March and early April common and couple sizable
strings for April-June delivery. Feeder cat-
tle and calves moderately active, firm. Trade
on slaughter lambs high-lighted by first trans-
actions on Arizona spring lambs. Old crop
lambs were fairly active, steady to strong.
Slaughter steers: California, 1,700 Good
to mostly Choice 925-1075,' 26.75-27.00. Cali-
fornia and Arizona, 10,600 Good to mostly
Choice 925-1225! $25.75-26.65; 600 expected
Choice 1050-1100C $25.70 for April, May, and
June; 6,050 Good and Choice 825-1200- 25.00-
25.75; 1,100 Standard and Good 850-1100- $23.90-
24.50; 860 Standard including some Good 800-
1050, $23.00-23.50. Utah, 535 high-Good and
mostly Choice 1100-1200C' $24.25-25.00 mostly
for April-June delivery.
Slaughter heifers: California and Ari-
zona, 585 Good to mostly Choice 800-9504
?'5.65-26.00; 2,000 Good to mostly Choice
750-950, $25.00-25.50; 100 expected Choice
900-950! $24.20 at April, May, and June; 165
Good 750-775! $24.00-24.25. Utah, 200 mostly
Choice ~r.- $24.00.
Feeder cattle and calves: Steers, 465
Good and mostly Choice 375-400J $27.50-28.00;
750 mostly Medium 525-600- $22.40-23.00.
Spring delivery, 1,950 mostly Choice 575-7504
$24.00-25.00; 600 Choice, end Fancy mixed
steers and heifers 350-400,, steers $29.00-
30.00 and heifers $27.00-28.00; 400 Choice
40C0475#, with steers $27.00-28.00 and heifers
$23.00-23.50; 265 Choice 550-600f steers
:24.50-25.00 and heifers $22.50-23.00.
Slaughter lambs: Arizona, 1,100 Choice
and Prime 1013 spring offerings $19.00 FOB, to'
California outlet. Arizona and California:
21,300 mostly Choice shorn with mostly No. 1
pelts 105-116! $17.00 to mostly $17.50; 1,325
comparable grade 105-110QC with No. 3 pelts
"17.00; Utah, 2,750 Choice and Prime 102-108#
wooled $17.00-17.50; 300 mostly Choice shorn
with No. 1 pelts 1064 $16.25; 1,500 Good and
Choice 98-102# wooled slaughter and mostly
Choice feeder lambs $15.75-16.25.








COLORADO, S30UTR TF 'WTMNDG, WESTERN KANSAS
AND WESTERN NEBRASKA Slaughter cattle rather
active, steers steady to strong, heifers fully
steady.
Slaughter steers: Colorado, 2,400 average
and high-Choice 1050-12501- $26.25-26.75; 4,100
Choice 1050-1350# 225.65-26.35; 325 high-Good
and Choice ll00-l1CO- '25. 5-25.75; 300 high-
Standard to mostly Good 1000-1200, $22.75-24.50.
Western Nebraska, 1,750 high-Good to mostly
Choice 1140-13C(' $25.25-26.35. Western Kansas,
350 mostly Choice 1150-1250 $26.00-26.10.
Slaughter heifers: Colorado, 1,500 average
and high-Choice 975-1015' $26.10-26.35; 6,000
Choice 800-1040- $25.50-26.00; 600 high-Good and
Choice 900-1000# 25.25-25.60. Western Neb-
raska, 775 mostly Choice 935-975# $25.75-26.25.
Western Kansas, 100 mostly Choice 1140- $25.20.
Feeders: Demand good with sales and con-
tracts confirmed on 5,050 head at steady to
strong prices. Colorado, Choice 650-775- steers
f24.00-25.75; CLoice 700-80a.4 steers late April -
early May delivery $24.00-24.50. Choice 650-
7'= heifers April early May delivery $25.50-
24.00. Western Kansas, Good to mostly Choice
725-8251 steers .23.25-24.00 early April May
15 deliver-. Choice to Fancy, mostly Choice,
450-50 short-yearling steers $28.50-30.50;
Choice to Fancy 400" heifers $27.00. Choice
5C0-6.5 heifers 213.50-24.25 with 650-675/1 May-
June $23.00-23.75.
Sheep and lambs: Sales confirmed on over
50,000 head with slaughter lambs selling steady
to mostly 25 higher. Colorado, Choice and
Prime 102-114 wooled slaughter lambs $17.50-
18.00, with 122-135' weights at $16.50-16.75.
Choice 93-1l8' wooled lambs $16.75-17.40. Choice
and Prime 101-107Y shorn lambs No. 1 and 2 pelts
$16.00-16.25, few with No. 3 pelts $15.75.

N1EW MEXICO, WEST TEXAS, WESTERN OKLAHOMRA,
Si,.Ur'LS*r' KANSAS Clovis Area Slaughter
steers and heifers active, strong to mostly 250
higher. Feeder classes slow, prices firm.
Slaughter cattle: Steers, 90 Choice 14C00C
$25.50; 1,700 mostly Good, Choice end, 950-1150-'
824.40-25.50. Heifers, 30 Choice 975 $24.75;
60 Good 825- $24.00; 640 mostly Good 600-750'
'24.25-24.50.
Feeders: About 80 Good and Choice P25;
steers $24.00; 450 Choice 5001 steers for April
I4.50; 370 Good 700-725- steers for April $21.90;
900 Good 550- steers for May $22.75; 950 Medium
and Good 600, June delivery $21.50; 200 Choice
425r steer calves 129.00; 50 Choice 425- heifer
calves :27.00.
Amarillo area: Slaughter steers and heifers
moderately active, steady. Feeder cattle and
calves moderately active, firm.
Slaughter steers: 85 Good to mostly
Choice 1080-116.2 $25.00; 95 mixed Good and
Choice 1125-. 25.50 delivered to plant; 375 Good,
Choice end, 1050-1075! $24.00.
Slaughter heifers: 30 Good to mostly
Choice 900# $24.85 delivered to plant; 225
mixed Good and Choice 900-925# t24.00-24.30;
550 Good, Choice end, 600-650- $23.80-24.00.


Feeder steers: 900 Good to mostly Choice
550-650C' $24.00-25.65, few below $24.75; 160
Good to mostly Choice 675-775# $25.25. April
delivery: 760 Choice, Fancy end, 550-675U
$26.25-26.50. March delivery: 375 Choice 625-
650- $24.50-25.25, 100 Choice 800# $23.50, 1,220
Good and Choice 600-t50"C $25.25-24.00, 250
mixed Medium and Good 600-' $22.50-25.00. Fall
delivery: 1,200 Choice and Fancy 700-750f
$24.00.
Feeder heifers: 30 Good 625# $22.50.
April delivery: 300 Good and Choice 600.1 $24.00,
1,900 Choice 550-650,f $25.75. August delivery:
260 Good 575-6n00' $21.50.
Feeder calves: 50 Choice 4259 steers
$28.00. March delivery: 1,800 Choice and Fan-
cy 450-550- steers F27.00, heifers $26.00,
240 Choice 475-500# steers $28.00, heifers
$26.00. April delivery: 330 Choice, Fancy
end, 525-5509 steers 627.00, heifers $25.00.

IDAHO, OREGON AND WASHINGTON Slaughter
cattle steady to 500 higher. Feeder cattle
firm. Slaughter lambs steady, instances 50#
higher.
Slaughter steers: Washington, load
f27.00 expected Choice 1075# at June deliv-
ery; high-Good to mostly Choice 1000-1200#
$25.50-26.50, Good and low-Choice 865-1200#
$23.00-25.25. Oregon, Good to mostly Choice
1000-1125# $25.50, some $26.25 delivered;
Good $24.50-25.25. Idaho, Good and Choice
1000-1150-4 mostly $24.00.
Slaughter heifers: Good and Choice 825-
900? $23.50-24.00, some mostly Choice $24.50.
Feeder cattle: Washington, Choice 500-
600Wj, steers $25.00-27.00, heifers $24.00-25.00;
Good to mostly Choice 875-900F steers t23.50-
23.75; Good and Choice 600-625# heifers $21.00-
23.25. Oregon, Choice 750-800# steers $24.50-
25.00 delivered. Idaho, 150 Choice 600# heif-
ers $24.00 for April.
Slaughter lambs: Oregon, load Choice with
end of Prime 110-105,' with fall shorn pelts
$18.25 delivered, load 103# wooled $17.50 de-
livered, 1,200 97-105-: with No. 1, 2 and 3
pelts $16.75-17.00 delivered. Washington,
Choice and Prime with No. 2 pelts $18.00 de-
livered, some with No. 1 and 2 pelts 100-10S#
$16.75-17.00 FOB. Idaho, over 8,000 Choice and
Prime 102-110- wooled $17.00-17.50, mostly
$17.25-17.50, some with No. 1 pelts $16.25.

MONTANA AND NORTHERN W!OMING Limited
sales cattle and calves steady.
Slaughter cattle: Montana, 740 high-
Good and Choice 1050-1175- steers $24.00-24.50.
About 50 Choice 9004 heifers $24.00, 50 mostly
Good 875# $23.00, 150 low and average Choice
1000-1050 mixed steers and heifers $23.75.
Feeder calves: Ibntana, 300 high-Choice
425-450C/ steers for April $30.00; 180 Choice
475# heifers for March, $26.75.
Slaughter lambs: Trading slow, steady.
Around 1,800 Choice 110-116i $16.25.
Feeder and shearing lambs: Steady, 600
Choice and Fancy 39' shearing $16.50.







WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS
ate g--------aTg? & e"S-ee-ad1-s~ -
Market : r M r r Mar. 3 MMar. 4 : Ma. j Mar. ar. Mar
: 1962 S 1961 s 1962 s 1961 : 1962 : 1961 : 1962 : 1961
Chicago ....... 30,414 39,671 97 172 30,529 30,396 6,521 7,452
Denver ........ 6,504 9,161 208 345 5,997 4,680 17,308 19,882
Fort Worth ..... 5,591 6,959 543 1,058 1,445 2,320 7,002 6,060
Indianapolis ... 7,495 5,241 254 209 32,258 30,101 1,756 1,162
Kansas City .... 12,586 20,632 321 715 14,013 16,464 2,430 5,674
Oklahoma City .. 8,752 9,509 484 750 2,895 3,664 475 1,090
Omaha ........... 35,939 35,283 138 602 40,779 40,700 14,563 18,351
St. Joseph ..... 15,013 16,892 633 447 17,903 25,205 7,189 6,416
St. Louis NST .. 12,959 13,454 1,026 1,285 50,664 55,456 5,864 3,956
Sioux City ..... 25,333 28,335 443 1,179 37,694 32,278 8,615 7,366
Sioux Falls .... 8,284 8,500 76 47 15,518 14,187 13,090 6,523
S. St. Paul ... 17,975 19,275 5,227 6,279 44,498 50,053 8,932 11,535
Total ....... 184,845 212,912 9,450 13,088 292,193 305,504 95,745 95,467
" Feb. 24, 1962 182,862 10,657 311,741 89,100
INTERIOR IOWA AID SOUTHERN MINESOTA Mar. 3, 1962 Feb. 24, 1962 Mar. 4, 1961
Hogs ....... 329,000 305,000 322,000*
Sheep ...... 23,200 21,700 23,400*
INTERIOR ILLINOIS Hogs ....... 113,100 94,000 101,100 *Revised.
SALABLE RECEIPTS OF LIVESTOCK AT 25 PUBLIC MARKETS
MONTH OF FEBRUARY
~7aTte aIves T -~AeRpOaHRC1S ~
1Market 9 6- 2 1 961 1 96 1 961 1-2- 19 1--- -S962 -
r 1962 1961 -1962 1961 R 16 19T62 1961 : 1962 : 1961


Chicago .......
Denver .....*..
Fort Worth ....
Indianapolis ..
Kansas City ....
Oklahoma City .
Omaha .........
St. Joseph .....
St. Louis NSI .
Sioux City ....
Sioux Falls ...
S. St. Paul...

Total
12 markets ..
Baltimore .....
Cincinnati ....
Detroit .......
Evansville, Ind
Houston .......
Lancaster, Pa..
Louisville ..**
Nashville .....
Ogden .........
Peoria ........
Portland, Oreg.
San Antonio ...
Wichita .......


S 128,102 148,788 499 544 126,935
27,796 34,273 771 1,460 20,001
* 20,109 24.571 3,100 5,423 6,847
S 29,281 25,950 1,109 1,368 136,694
S 56,956 76,197 1,678 2,353 59,442
34,791 31,725 2,367 2,507 12,057
S 140,021 136,558 1,254 1,852 172,824
58,108 61,475 1,045 1,569 78,748
S 51,222 53,012 4,529 6,747 197,511
107,465 103,910 3,934 3,940 153,439
32,841 31,684 342 387 67,659
78,989 72,724 24,720 28,960 204,409


121,038
18,538
9,451
130,775
60,631
12,372
155,133
87,162
207,681
127,775
58,559
195,630


24,044 26,946
70,579 80,277
45,777 29,650
8,417 6,873
17,176 26,637
3,915 3,805
55,244 71,111
27,960 35,167
20,577 21,567
29,595 37,778
36,730 38,049
47,040 60,066


765,681 800,867 45,348 57,110 1,236,566 1,184,745 387,054 437,926

7,900 7,589 624 830 8,268 9,558 41 42
11,524 11,268 1,796 2,079 51,250 50,725 2,377 2,410
S 16,496 14,110 1,186 1,229 5,452 6,964 16,015 14,803
S 8,333 8,351 667 767 43,256 42,457 778 1,262
S 1,548 1,995 3,542 3,325 125 306 91 1
S 13,038 10,247 2,371 2,440 5,511 6,772 825 1,156
12,564 11,986 4,381 4,901 28,845 30,409 2,401 3,281
4,716 5,555 1,538 1,886 12,939 14,153 522 847
5,412 7,394 407 652 2,465 2,494 3,321 2,560
7,278 7,480 413 499 68,198 66,673 3,993 4,768
S 8,488 7,953 1,093 1,040 14,297 8,211 9,729 5,330
12,516 12,025 4,616 4,509 4,161 4,599 2,655 3,239
S 24,193 20,100 64 224 16,240 14,908 10,925 9,810


25 arket ... 899,687 926,920 68,046 81,491 1,497,573 1,442,974 440,727 487,435

INTERIOR IOWA AD SOUTHERN MINESOTA February 1962 February 1961
Hoge ............. 1,303,000 1,257,000*
Sheep ............ 95,200 101,300*
TE R ILLINDIS Hog ............. 403,100 383,200 *Revised.









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STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER 1/

SNumber of head Percent of total Average weight Average price in
by grades (pounds) dollars per 100 lb.


Grade ----------
t Week ended
: aF.T KlaF'.T- : aF. -I": Mar. 2 : Mar. f
: -1962 : 1961 : 1962 : 1961 __ 19L_


Prime..........
Choice.........
Good..........
Standard .......
Commercial.....
Utility........
All grades.....

Prime..........
Choice.........
Good* .........
Standard.......
Utility.......
All grades.....

Prime...*......
Choice........
Good...........
Standard .......
Utility.........
All grades.....

Prime..........
Choice ........
Good. ..........
Standard.......
Commercial.....
Utility........
All grades.....


Prime..........
Choice.........
Good.... .......
Standard.......
Commercial.....
Utility.......
All grades.....


: Mar. 2 : Mar. Mar. ~
_ F _- -- _- -:' _- F1961 -


CHICAGO
2,234 4,028 10.0 13.8 1,251 1,239 29.16 27.74
12,213 17,210 54.7 59.0 1,170 1,195 27.04 25.92
7,002 6,738 31.4 23.1 1,090 1,100 24.47 23.84
518 874 2.3 3.0 991 1,028 21.83 21.23

362 307 1.6 1.1 1,070 1,056 19.94 18.80
22,329 29,157 1,148 1,172 26.30 25.54
OMAHA
169 195 .9 1.2 1,168 1,245 27.17 26.52
8,090 6,620 41.3 40.4 1,151 1,192 25.49 24.80
10,258 8,481 52.4 51.8 1,077 1,120 24.07 23.60
921 989 4.7 6.1 1,103 1,117 20.40 20.02
130 87 .7 .5 1,007 996 18.86 18.31
19,568 -16,370 1,110 1,150 24.51 23.91
1SiOU-CiTY - - -
SIOUX CITY
248 148 1.8 1.3 1,240 1,199 27.16 26.79
6,957 6,263 51.6 55.4 1,150 1,172 25.71 25.35
5,782 4,155 42.9 36.7 1,084 1,147 24.14 25.69
352 748 2.6 6.6 1,095 1,113 20.48 20.16
148 -- 1.1 1,018 -- 19.04
13,487 11,314 1 120 1 159 24.89 24.43

5 149 .1 1.9 949 1,164 26.25 26.90
1,561 1,966 24.6 25.5 1,138 1,175 25.37 25.08
4,252 4,954 67.3 64.2 1,074 1,091 24.24 23.88
398 600 6.3 7.8 1,062 1,050 21.01 21.26

106 50 1.7 .6 1,054 1,041 19.16 18.61
6,322 7,719 1,089 1,111 24.25 24.04
---- --- ----- ---- ---- ---------- ---- -------


936 989 15.7 16.3
3,943 3,672 66.1 60.4
865 1,259 14.5 20.7

222 162 3.7 2.6
5,966 6,082
m--- "-- -s!.-JUSffMf


1,087 1,105 25.89 25.36
1,015 1,050 24.66 23.93
947 965 21.83 21.41

981 879 18.97 18.11
1,015 1,037 24.28 23.56
--------------------


Prime.......... -- -- -- -
Choice......... 2,474 2,539 29.6 32.6 1,148 1,163 25.73 25.03
Good........... 5,428 4,966 64.9 63.8 1,078 1,115 24.20 23.57
Standard....... 462 284 5.5 3.6 1,093 1,071 20.54 20.24
Utility ........ -
All grades..... 8,359 7,789 1,100 1,129 24.47 23.94
-- -- -----------------g~ ^ ^ ^ ^ Z Z ^ ^ Z Z Z
Prime.......... -- -- -
Choice......... 1,927 1,649 66.0 62.5 1,161 1,204 25.81 24.94
Good........... 973 960 33.3 36.4 1,100 1,100 24.53 24.18
Standard....... 20 28 .7 1.1 1,081 1,124 19.89 19.62
Utility........ -- -- -
All grades..... 2,920 2,637 1,140 1 165 25.36 _24,62 _
/ Data collected by Statistical Reporting Service, and- Livestock D--isio-, M. S.
_V Data collected. by Statistical Reporting Servicep and Livesto~ck D~oisicn, "'. M., S.







WEEKLY SLAUGHTER UNDER FEDERAL INSPECTION AT MAJOR CENTERS
S Cattle : Calves Ho_ s Shee and lambs
City or Area *Mar. 5 I 4 Mar. Mar.4 TfMar. TMar r 4 Mar 3 TMar.
--19 _- 1 96 1 -_62 1961 1962 1961 : 1962 1961
Boston, New York City Area .... 12,514 11,025 8,409 8,978 46,574 50,771 56,192 54,258
Baltimore, Philadelphia ....... 8,782 8,873 1,441 2,152 36,598 51,993 4,510 3,567
Cin., Cleve., Detroit, Indpls 19,755 18,575 5,654 3,552 144,250 154,677 11,695 12,875
Chicago Area .................. 14,894 17,926 5,985 5,785 48,906 45,160 6,858 5,725
St. Paul- Wise. Areas*......... 27,072 28,807 18,748 18,215 107,664 107,845 17,551 20,165
St. Louis Area ............... 11,472 10,591 1,086 1,370 86,829 82,989 5,457 4,675
Sioux City-So. Dakota Area .... 28,594 20,586 -- -- 95,715 95,690 12,518 15,779
Omaha Area .................... 58,910 59,415 115 190 80,654 78,867 16,819 17,660
Kansas City ................0. 14,521 15,598 -- -- 56,595 32,193 -- -
Iowa So. Minnesota .......... 52,002 29,688 9,240 8,545 268,684 297,783 54,425 55,218
Lou'l, Evan'l.Nash'l. Mph's ... 6,032 5,471 1,767 2,194 58,226 70,524 -- --
Georgia, Florida, Ala. Area ... 10,548 8,694 2,871 3,587 52,501 58,091 -- -
St. Jo'ph. Wichita, Okla. City. 18,757 19,673 451 657 44,851 49,271 9,591 10,586
Ft. Worth, Dallas, San Antonio. 8,895 9,835 3,661 3,561 19,725 16,751 21,661 12,720
Denver, Ogden, Salt Lake City. 24,611 20,555 124 178 13,884 15,224 46,660 52,098
Los Angeles, San Fran. Areas .. 27,876 29,120 1,762 1,152 54,545 29,786 37,104 55,629
Portland, Seattle, Spokane .... 8,666 8,094 208 251 18,805 17,815 4,869 5,762
Total ...................... 315,501 59,520 1,172,564 265,486
502,122 59,725 1,195,450 242,715
Accumulation to date ...... 2,833,725 564,668* 10,342,597* 2,472,645
2,680,911 585,706 10,085,159 2,503,030
*Revisions: Week ended Feb. 24, 1962 St. Paul Wis. area, Calves 16,029, Hogs, 119,009, sheep
and lambs 18,597. Denver, Ogden, Salt Lake City, sheep and lambs 50,959.
ESTIMATED FEDERALLZ INSPECTED SLAUGHTER AND MEAT PRODUCTION
-- ----- -- -ok m
Beef Veal L excl._ larda ; and bmutto Total Total
Week ended Num- a : Nrm- : Num- m- t meat lard
-Prod. I Prod. Prod. Prod. pod- I rod.
a ber r er a t ber t her prod. t prod.
1,000 mil.1b. 1,0 mil.b. 1000 mil.b 1, 00 mil.Lb.mil.lb. mil.1b.


Mar.
Feb.
Feb.
Mar.


3, 1962 ........
24, 1962 .......
10, 1962 .....
4, 1961 .....


225.1
209.5

219.0


9.8
9.5

10.8


1,565
1,515
1,354
1,566


186.0
180.0

189.4


14.2
15.8

15.8


455.1
412.6

455.0


--

44.5
59.6


Percentage change from
Feb. 24, 1962 ........ 7 7 6 5 4 3 6 3 5 -
Mar. 4, 1961 ....... 5 2 -6 -9 0 -2 6 5 0 -

. .Irase Shtb ------ Lard
-----------------------_ --- jg p tg~.----- e-l~-----e- 00p

Week ended Cattle Calves _See yield
Si ee a pe
------LeresL Live_ pred ies vIeo Lite vDressed. 100 lb-
Ei~1xl_ _.. __ __


Mar.
Feb.
Feb.
Mar.


5, 1962 ........
24, 1962 ........
10, 1962 .......
4, 1961 .......


1035
1040
1045
1057


1/ Actual slaughter. 2/ Excludes lard.


12.2







CATTLEs WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
------------------- ----------- ------------- -- ------ ----- ----- ----
: North
: Chicago : Kansas City : Omaha Denver : Portland
-I : : ~


Classification : Mar. Mar. : Mar. : Mar. :Mar. Marr. : Mar. Mar.
i3 5 4 : 3 4 : 3 4 : 3 : 4
: 1962 : 1961 : 1962 1961 :1962 : 1961 : 1962: 1961
Slaughter cattle calves and dealers


Prime 900-1100#
1100-1500
Choice 900-1100
1100-1500
Good 900-1100


Standard

Heifers -
Choice
Good
Standard

Cows -
Commercial
Utility
Cutter
Canner


28.52
29.15
26.95
27.08
24.08
21.62


700-900# 26.58
600-800 -
20.62


15.95
15.82
15.40
15.90


27.75
27.70
26.00
25.70
25.38
20.85


24.92

20.22


16.08
15.80
15.05
13.62


25.98
25.85
23.98
20.82


25.55
25.52
20.00


17.05
16.55
15.40
13.90


25.50
25.30
23.75
20.50


24.42
22.65
19.75


16.12
15.68
15.00
14.12


27.58
27.65
26.08
26.20
25.75
20.88


25.75
23.25
20.58


17.10
16.22
15.10
15.80


26.88
26.85
25.75
25.50
23.55
20.42


24.88
22.50
19.75


15.70
15.12
14.50
14.00


26.10
26.10
25.55



25.50





16.58
14.88
15.62


25.00
25.00
22.82
20.00


24.26
22.58
19.50



16.00
14.25
13.00


Mar.
3
1962:


25.50
25.00
25.75
21.25


24.00
22.62
20.25



15.50
15.25
12.00


Mar.
4
1961





24.88
24.25
25.25
20.50



21.50
19.00



15.25
13.75
12.25


Bulls Trigs. excl.
Commercial
Utility

Calves 250-500#
Choice
Good
Standard

Vealers 150-250#
Choice
Good
Standard



Steers 500-800#
Fancy
Choice
Good

Heifers 500-750#
Choice
Good

Calves -
Steer -
Fancy 00500550
Choice "
Good 500-500(F
Heifer 500-500#
Fancy
Choice
aoedm and Goo
rMediir and Good.


20.25 18.65 18.58 17.50
20.25 18.90 18.88 17.75


29.50
26.50
22.00


26.00
24.20
20.75


29.10
25.80
21.50


22.75
21.10
18.80


28.40
24.75
20.45


18.50 17.25
18.75 17.50


26.50
25.75
21.00


18.75 18.50


20.25 19.50


50.00
28.00
25.00


32.50
50.00
25.50


26.50
23.50
20.25


24.50
21.50


31.50
29.50
25.50


Feeder cattle and calves


-
26.28
24.02


26.75
24.58


27.50
26.50
24.05


26.45
24.10


-
26.75
24.25


26.58
24.38


-- 24.00 25.55 24.50 24.25
- 21.88 20.10* 22.75 20.75*


- 50.95 --
28.95) 28.15
25.15)


51.55 -
28.75) 29.00
24.75)


27.25
26.00
25.00


25.88
24.00


24.75 24.25
21.75 21.50*



52.75 -
29.50) 29.50
27.00)


24.50
25.00


24.50
25.00


19.50*




26.50) 25.25
25.00)


- 27.00 28.75 51.50 --
24.50) 24.90 26.00) 25.25 28.75) 27.50 2.25
- _L 23.25) 26.00 --















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IOOSt AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES V/
.--------------- 7s -- -.^
3 : ST~.s s a 5 = I Eight
S : Louis 3 Kansas' Sioux 'S. St. S. St.'Indian-: mkts.
Week ended :Chicago: Nat'1.l City Omaha : Pity :Joseph Paul 'apolis com-
S 1: Stock : I : : bined
S : Yards : : : :
AVERAGE COST Dollars per 100 pounds
Barrows Mar. 3, 1962 16.52 16.47 16.71 16.75 16.59 16.83 16.41 16.40 16.55
and Feb. 24, 1962 16.32 16.52 16.61 16.72 16.47 16.78 16.43 16.59 16.54
gilts Mar. 4, 1961 17.78 17.83 17.89 17.89 17.80 17.90 17.80 17.94 17.85
Mar. 3, 1962 15.95 14.59 14.96 14.95 14.96 15.01 14.55 14.29 14.58
Sows Feb. 24, 1962 13.78 14.27 14.76 14.65 14.65 14.77 14.48 14.23 14.39
Mar. 4, 1961 15.97 16.41 16.56 16.50 16.32 16.45 16.34 15.97 16.32
AVERAGE WEIGHT Pounds
Barrows Mar. 3, 1962 252 225 228 255 258 227 227 224 229
and Feb. 24, 1962 236 223 229 234 241 227 232 226 251
gilts _gy 41 1961_ 2a34 223 233 258 243 231 232 222 232
Mar. 3, 1962 456 422 415 427 437 416 412 449 450
Sows Feb. 24, 1962 460 435 413 435 444 409 429 447 437
Mar. 4. 1961 446 404 433 432 44 423 424 442 428
NUMBER OF HEAD -
Barrows Mar. 3, 1962 24786 47585 12827 35703 33099 16083 55769 27855 255505
and Feb. 24, 1962 23120 46877 14693 38803 50726 20252 43047 31176 248694
gilts Mar. 4, 1961 22351 49493 14817 54585 28443 22550 39370 26283 237870
Mar. 5, 1962 2182 2845 854 5417 2254 1114 5065 2449 18160
Sows Feb. 24, 1962 2260 2737 1040 2978 1942 1292 2747 2880 17876
Mar. 4. 1961 2017 4141 1069 3671 2189 1581 2733 2127 19528
SOWS Percentage of total
Mar. 3, 1962 8 6 6 9 6 6 8 8 7
Feb. 24, 1962 9 6 7 7 6 6 6 8 7
Mar. 4, 1961 8 8 7 10 7 7 6 7 8
Mlar. J4 1961-- ---------------------------------------_---Z ---2 ---.-.-----8
SWeighted average.

AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED FROM 100 LB. LIVE HOG,
COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
Week ended Hog products 1/ Hog prices 2/ S Gross spread
Is or margin 3/
---------------,, --- --- ------------------ =- --~-F~il ~
Mar. 3, 1962 ............. 318.25 $16.68 $1.57
Feb. 24, 1962 ............. 18.44 16.88 1.56
Mar. 4, 1961 ............. 20.20 18.12 2.08
1/ Value of all edible products, fresh basis (lard rendered) in 100 lb. of live
hog computed from wholesale prices on carlot basis, Chicago, reported by National
Provisioner daily market report.
2/ Mean of daily quotations on U. S. No. 1,2 and 3 hogs, 200-220# wt. Chicago.
-/ Difference between wholesale product value and hog prices.

HOG AND CORN PRICES AT CHICAGO AND HOG-CORN PRICE RATIO
: Barrows and I Corn 2/ : Hog-corn
Week ended gilts l/ s No.3 yellow I price ratio
WDollars per : Cents per : based on
: 100 pounds : bushel : barrows and gilts

Mar. 5, 1962 .......... 16.52 107.4 15.2
Feb. 24, 1962 .......... 16.52 106.4 15.5
Mar. 4, 1961 .......... 17.78 111.9 15.9
Weighted average. 2/ Simple average.
I/ Weighted average. 2/ Simple average.









WHOLESALE MEAT TRADE REVIEWS


LESS AN CARLOT MEAT TRAIE REVIEW

EAS3TER SEABOARD Steer beef at Eastern
Seaboard markets sold steady to $1.00 higher
with New York fully 500 up. Good steer beef
at Philadelphia was weak to 25# lower. Cow
beef sold steady to $1.00 higher; veal and calf
steady; lamb 500-$1.00 higher at Washington,
but otherwise steady to $1.00 lower along the
Seaboard. Pork loins were weak to $1.00 lower,
except 500-$1.00 higher at Washington; other
pork cuts mostly steady, the exceptions, Boston
butts at New York 504-$1.00 lower, and fresh
skinned hams steady to $1.00 higher at Wash-
ington.
Prices were fully steady to strong for
kosher steer forequarters while the trend for
veal and calf was strong to $1.00 higher.
Kosher lamb sold steady to $1.00 lower.
Supplies were generally normal, but at
New York and Philadelphia unloads were slightly
less than normal. Beef trading was moderately
active and demand mostly' fair. Outlet was
fairly well balanced, except for the poor outlet
on rounds at Philadelphia. Hindquarters moved
readily at New York, particularly on kinds over
180#, but there was good demand for chucks late.
Cow beef moved promptly over the entire area.
Demand for veal and calf was only fair. Lamb
J moved well at Washington, but was fair to slow
at other markets. Trading was slow on pork
but loins were active at the close in Washing-
ton. Some lamb will be carried at New York and
there was a small carryover of beef and veal
at Baltimore.

CHICAGO Steer and heifer beef steady,
veal weak, lamb steady, pork loins 8-16# $1.50-
2.00 lower, Boston butts 4-8# 50f lower, spare-
ribs 3# and down steady to 50# lower.
Supplies of beef, lamb and fresh pork were
near normal but veal tonnage was small. Beef
supplies were largely Good to low-Choice and
55-65# carcasses predominated in the lamb
market.
Trading on ribs, loins and fabricated loin
cuts was active, prices reaching highest levels
in recent weeks. Arm and squarecut chucks
started slow but turned moderately active late
with prices firm. Demand narrowed for rounds
but prices show little change. Trade on beef
carcasses was slow. Veal slow and weak despite
small numbers. Carcass and hindsaddle lamb
trade ruled moderately active and clearance
was fairly complete. Fore end cuts, particu-


larly stews and shoulders were slow. Fresh
pork trade slow through midweek, however, all
cuts sold in a moderately active trade on
closing sessions.

PACIFIC COAST Carcass steer and heifer
beef sold active, 500-$1.00 higher, occasion-
ally $3.00 up on Good in San Francisco. Cow
beef was moderately active, mostly steady in
the Pacific Northwest, but active, 50# to
mostly $1.00 higher in California. Bull beef
was steady to weak with a narrow demand.
Calf was moderately active, steady to $1.00
higher; veal was steady. Lamb met a good
demand, sold 750-$1.25 higher with the most
advance on volume sales in Southern Cali-
fornia. Pork loins strong to $1.00 higher
in California, weak to $2.00 off in the
Portland-Seattle area; sliced bacon and smoked
hams steady to $1.00 lower in California
but bacon occasionally $1.00 higher in the
Pacific Northwest. Moderate to small offer-
ings of all classes of meats except Choice
steer beef.

CALOT MEAT TRADE REVIEW

CHICAGO, BDNVER, OMAHA, NEW YORK AND
PHILADELPHIA Carcass beef prices declined
moderately following the previous week's
sharp advance in spite of fairly good demand
for the slightly below normal supply. Trad-
ing was slow early but turned moderately
active by midweek. Steer and heifer beef
sold steady to 50# lower with Good grade
500-$1.50 lower at Philadelphia. Cow beef
was strong to $1.50 higher, mostly 750-$1.50
higher although prices were $2.00 up at
Denver. Clearance on beef offerings was
generally complete at shipping centers.
Normal supplies of carcass lamb met a
moderate demand and prices were steady to 50#
lower except at Philadelphia where prices
were 500-$1.00 higher. Clearance was near
complete.
Supplies of pork products were normal
and demand only moderate. Prices were uneven.
Pork loins 8-12# sold $1.00-2.00 lower, but
12-16# weights were steady to $1.00 higher.
Pork butts were 500-$1.00 lower. Fresh hams
10-1# sold steady to 500 lower and heavier
weights were steady to $1.00 higher. Pork
carcasses sold 500-$1.25 lower at New York
and Philadelphia. Clearance was generally
complete.






WHOLESALE DRESSED MEAT PRICES LESS THAN CARLOT BASIS
Weekly average of daily quotations in dollars per 100 pounds

n New York Chicago San Francisco Los Angeles
Classification '. -. -. - -
:Mar. 3 :Mar. 4 Mar. 3 Mar. 4 = Mar. 3:Mar. 4 Mar. Mar. 4
: 1962 : 1961 -'-- -- ---_ 196 .:196L __ _2. 1 .961. -
Steer beef -
Prime 700-800# 45.50 44.85 .
Choice 600-700 F45 44.7. 4425 4A 12 A* r Al v ,' xa ,, 0 X.


Good

Beifer beef -
Choice


700-800
500-600
600-700

500-600#
600-700


44.50
42.50
43.00


Good 500-600 -
Veal -
Prime 90-120# 63.50
Choice 90-120 55.50
Good 90-120 50.00
Lamb -
Prime 45-55W 38.80
Choice 45-55 38.80
Fresh pork -
Loins 8-14 45.90
Butts 4-8 36.20
Spareribs 5# doun 40.00
Haas, sak. skd. -
Cook before eating 12-16# 46.50
Fully cooked 10-14# 48.00
Bacon, smoked, sliced -
1# package (box lots) 49.50
Picnics, looked (Cook
before eating) 4-8# 33.50
Lard, 1# carton 13.00


45.85
42.00
42.75


62.60
54.40
47.40


43.25
41.75
41.25

43.50
43.50
40.25

60.00
56.50
51.00


42.25
41.80
41.80

42.50
42.30
40.05

59.75
53.75
47.75


43.12
42.25
41.50

42.50
42.12
41.35



55.50


5
40.50
40.50
59.25

59.50
39.00




55.00


42.50
42.31
40.75

43.06
42.06


39.62
40.19
38.88

40.81
40.06
59.62


38.60 37.00 38.69 38.38 59.12 38.62 39.62
38.35 37.00 58.69 38.38 59.12 38.62 59.62


46.35
38.90
42.60
46.50
48.50


51.50


42.88
33.12
36.81


43.30
54.75
38.12


51.00
51.50 55.25


49.50
41.00
44.00


51.50
42.00
46.50


50.25 51.00


47.50
37.00
41.00


47.50
41.50
45.88


48.50 48.00


49.00 55.00 52.25 57.00 48.00 54.50


34.00 35.00 37.50 33.75 55.00 33.50 55.00
17.50 14.62 18.00 17.50 18.00 16.50 19.00


BLK PRICES CABLOT BASIS WEEK ENDED MAR. 2, 1962

Classification e-n *(ices TehVCTa ba- --~- ---irorl? PdL-
Wte'eir Ue5-'~ --- ------- ---- -


Choice


Good


Heifer beef -
Choice

Good


600-700#
700-800
800-900
500-600
600-700
700-800

500-600Q
600-700
500-600
600-700


Cow beef All weig
Utility
Canner and Cutter
Lamb -
Prime 55-.


Choice


Fresh pork -
Loins


its -


45L#


45-55
55-65
35-45
45-55
55-65


42.00-42.50
42.00
41.50-41.75
38.50-40.00
38.00-39.50
38.00-39.50

42.00
42.00
38.00-38.50
38.00-38.50

30.50-31.00
31.00-31.50

35.50-36.50
34.00-35.00
31.50-33.50
35.50-36.50
34.00-35.00
31.50-33.50


8-1 4 40.00-41.00


41.00-41.50
41.00
40.50-40.75

36.50-39.50
36.00-39.00

40.50-41.25
40.50-41.00
37.00
37.00

31.00-32.00


34.00
32.50-33.50
31.00-32.00
34.00
32.50-33.50
31.00-32.00


41.25-41.75
41.25
40.75-41.25

38.25-39.25
37.00-38.25

41.00-41.25
41.00-41.25
37.50-37.75
37.50-37.75

29.50-30.50
30.25-30.50




34.25-34.75
33.25-33.75
31.25-32.25


-40.00-40.50


44.00-44.50
43.50-44.00
43.00-43.75
38.50-42.00
38.50-42.00
38.50-42.00


44.00-44.50
43.50-44.00
43.00-43.50

39.00-42.00
38.00-41.50


43.50-44.00
43.50-44.00



-- 32.00
32.00

37.00-38.00 37.50-38.50
35.00-36.50 36.00-37.00
34.00-35.00 34.00-35.00
37.00-38.00 37.50-38.50
35.00-36.50 36.00-37.00
34.00-35.00 34.00-35.00

42.00-42.50







BOSTON WOOL MARKET REVIEW


Trading was limited in the Boston wool
market as supplies continued small. Prices
were nominally steady. Trading on woolen wools
was slow and noils were rather dull but firm.
Contracting increased in many parts of the
territory States with some range sales of early
shorn wools. There was a little activity in
12 months wools in Texas prior to the recent
severe ice storms. There were occasional
sales of early shorn quarter-blood wools in the
fleece wool States.
Prices at Australian markets were steady
to strong. Japan and Continental buyers were
the principal operators under general compe-
tition. Good general competition prevailed in
New Zealand as fleeces held firm while prices
on pieces and bellies were barely maintained.
In South Africa, Japan, United Kingdom and the
Continent were the principal buyers supported
by the United States. Quotations held steady
to strong. Activity in South America continued
dull with quotations unchanged to slightly
easier.
Fleece Wools Graded 54s staple fleeces
around 54#-55# grease basis sold at $1.05 clean
on a core test.
Territory Wools In Montana, the Conrad
pool of 6,000 fleeces bulk fine and half-blood
sold at 454 in the grease while Browning pool
of 12,000 fine and half-blood fleeces at 454
with 10-5# discount for defect. Other sales
in Montana include: The Yellowstone pool of
about 25,000,/ brought 450-464 f.o.b.; around
Augusta, bulk fine and half-blood, about 600
fleeces to be shorn in March at 42#0 and 1,000
fleeces shearing in June at 45-1; at Cutbank,
about 5,000 fleeces of very light shrinking
bulk half-blood at 45#; around Dupuyer-Pendroy
small lots of approximately 2,200 fleeces of
bulk fine and half ranged from 410-45# grease
basis to the growers. In Wyoming approximately
2,500 fleeces of mixed fine and half-blood
wools sold at Greybull around $1.08-1.09 clean
basis delivered; around Worland small lots of
about 15,000, bulk fine and half-blood brought
580-440 grease basis and cost around $1.15
clean basis on a core test. A reputation clip
of bulk fine wool sold in Arizona at 47-5/80.
Recent sealed bid sales include fine and fine
medium wools in original bags from 45-1/8#-
4651 grease basis, f.o.b.
Texas Wools Occasional sales of 12
months wools in Texas ranged around $1.27-
1.50 clean basis delivered East.
Mohair The last sale of mohair brought
71 for adult and $1.01 for kid hair to the
warehouse with shearing suspended due to a
freezing rain storm.
Foreign Wools Trading on spot foreign
wools was slow. All Dominion markets continued
firm. Quotations on coarse wools in South
America showed some irregularity. Cabled re-
ports at week's end follow with combing wools
converted to clean U. S. oil-combed yields and
short wools to scouring yields, in bond.


Australia
Oil-combed


77B
78B
78AB
79B
80B
423
424


$1.19
1.17
1.15
1.12
1.10
.97
.94


South
Oil-combed
7 $1.12
8 1.11
12 1.10
47 1.11
48 1.10
52 1.10
53 1.09


Montevideo S er
60/64s $1.01
60/58s .95
56/5Os .91


New Zealand
Oil-combed
86 $.91
95 .86
854 .84
100 .81
107 .78
114 .77
128 .74


Africa
Scoured Yields
17 $1.06
22 1.04
25 1.03
27 1.01
28 .99
52 .98
553 .97
57 .95
Skirted Wools:
60s $.97
58/56s .92


Carpet Wools Carpet wool prices remained
about unchanged in a quiet market. Greasy Buenos
Aires November second clip wools were priced at
724-735, March and lambs wools around 69# and
fleeces at 75#-77#. New Zealand carpet fleeces
at 751 and early shorn wools around 71, all
clean fibers present for shipment.
Woolen Wools Sales follow:
Scoured Pulled Domestic Noils
58s 2-5" It. gray $.72 Clear Cape 70s
Scoured Pulled Foreign nobles around $.92
Aust.58/60s 1-1i" wh.$1.06 Semi-clear Aust.
Greasy Pulled Foreign 64s nobles .85
(Clean basis, duty paid) Clear Aust. 58s
N.Z. 48/50s 5-4" choice nobles .76
$1.05 for shipment Gd.English 56s nobles.54
Ave. Dom. 56s nobles .52
Super Dom. 58. nobles.72
Wool Tops Trade in wool tops was dull with
only fill-in business in all grades. Quotes
follow: Warp Aust. D/C Warp Doa. D/C
70s $1.91 $1.81
64s 1.81 1.75
62s 1.71 1.68
60s 1.64 1.61
58/60s 1.56 1.55


CLOSING FUTURES QUOTATIONS Mar. 1, 1962
(Furnished by the Wool Associates of the New
York Cotton Exchange)
March wool tops $1.620 (Bid)
May wool tops 1.597 (Bid)
64s grade 2.55" minimum length
March wool $1.228 (Traded)
May wool 1.213 (Traded)
64s grade 2," ave. stretched length







COMMERCIAL LIVESTOCK SLAUGHTER, UNITED STATES, JANUARY 1962 2/
----------- ---i---------------------------______
Cattle Calves
Other Av- Other Av.
Month and :Federally Other Av : Federally: their Av
period inspected com- Total live eem- Total live
spperiod ehton- Total live
: mercial: weight mercial weight.
Thousand head Pounds Thousand head Pounds
January 1962 ..... 1,780.8 505.9 2,286.7 1,022 455.6 211.8 665.4 219
December 1961 ..... 1,589.3 417.7 2,007.0 1,027 415.7 195.8 611.5 207
January 1961 ..... 1,652.0 485.7 2,115.7 1,050 426.7 259.7 666.4 218


Hogs

January 1962 ..... 6,097.6 1,058.5 7,156.1
December 1961 ...... 5,757.9 996.4 6,754.5
January 1961 ...... 5,744.4 1,048.2 6,792.6


---*T ------------------
: Sheep and lambs

259 1,574.6 184.1 1,558.7 100
240 1,125.8 159.7 1,285.5 99*
258 1,299.9 155.6 1,455.5 102


1/ Excludes farm slaughter. 2/ Accumulated totals based on unrounded head and live weight.
Revised. COMMERCIAL MEAT AND LARD PRODUCTION, UNITED STATES, JANUARY 1962 I

Month and- IT
Month and : Beef Veal : ork : Lamb : Total 2/ ard /
Period B eef : Pork : and mutton :_ meat_ a -
Mil. lb. Mil. lb. Mil.lb. Mil. lb. Mil. lb. Mil. b.
January 1962 ... 1,527 82 1,016 77 2,502 210
December 1961 ... 1,169 70 950 61* 2,250* 206
January 1961 ... 1,234 81 946 72 2,555 206


1/ Excludes farm slaughter. 2/ Excludes lard and rendered pork fat.
1/ Includes rendered pork fat. *Revised.
AgFicultural Estimates Division.
-^- ^^----- -- ----^~~^ -^ ^--- --- ----- -----^ ^------

MEATS AND MEAT PRODUCTS GRADED, OR ACCEPTED AS COMPLYING WITH
SPECIFICATIONS--BY THE U. S. DEPARTMENT OF AGRICULTURE 1/

Beef : Veal and calf Lamb and mutton
Grade *- ------
: Jan. Jan. Jan. Jan. Jan. Jan.
: 1962 1961 1962 1961 1962 1961
- -- --- -16 -91 -16 --2 -L 26- -L 19
Thous. pounds Thous. pounds Thous. pounds
Prime ............... 24,410 19,541 41 50 5,933 5,826
Choice ............ 436,891 379,214 1,601 1,651 28,851 26,154
Good ................ 137,691 140,806 9,701 9,516 580 450
Standard ........ 16,513 15,666 1,291 1,574 -- -
Commercial .......... 4,5355 4,516 -- --
Utility ............. 13,895 14,744 97 120 546 2
Cutter .............. 8,518 744 -- --
Canner ............. 250 67 -- -
Cull ...-----... ..-. -- -- 1 5 1 -


Total ............. 642,501 575,099 12,752 12,696 33,911 30,431

Bull and stag beef .. 859 672
All other meats
and lard.......... 45,776 13,529

1/ Data pertain only to meats offered to the U. S. Department of Agriculture for grading
or acceptance.


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AVERAGE PRICES RECEIVED BY FARMERS FOR LIVESTOCK, FEED AND WOOL 1/
_ -------------------^- -y ------------------------ra
: Feb. Jan. Dec. Feb. : Average
Commodity and unit : 15 15 15 15 : Jan. 1957-
: 1962 : _1962 1-9_ __ J.9gL : Dec. 1959


Prices received by farme
Hogs Pen
All beef cattle
Cows
Steers and heifers "
Calves
Sheep
Lambs
Wool 2/ Pei
Corn Pe:
Oats
Barley
Hay, all baled
Cottonseed


Hog-corn price ratio 3/ -
United States
N. Central States
Iowa

Index numbers: (Av. Jan.
All farm products
Feed grains and hay
Meat animals


rs -
r cwt. Dol.
n n
n n
n n

n n
n II
(! 11


16.30
20.80
14.50
23.50
25.20
5.94
16.30
.421
.956
.648
1.04
21.40
51.50


Bushel 17.1
S 17.7
"18.5


1910-Dec. 1914


16.50
20.70
14.50
23.40
24.70
5.82
16.10
.411
.951
.665
1.05
21.60
50.90


17.4
18.0
18.5


16.10
20.50
14.20
23.20
24.10
5.57
15.50
.408
.947
.659
1.01
20.70
51.50


17.0
17.7
18.4


17.60
20.70
14.80
23.20
23.90
5.82
16.80
.390
1.00
.602
.859
21.20
44.70


17.6
18.3
18.9


- 100)
243
152
305


Prices paid by farmers -
Commodities and services, interest, 305 304 302 302
taxes, an-8A 1. .- -. ----- -- -..- ra-e. -. -.
1/ Estimates of Crop Reporting Board.
SAverage local market price, excluding incentive payment. Monthly average.
i/Bushels of corn equal in value to 100 Ibs. of hog, live weight.


17.30
20.60
15.10
23.10
23.50
6.48
19.90
.438
1.10
.622
.892
19.10
47.60
Feb. av.
1951-60
14.0
14.5

1957-59


292


EFFECTIVE PARITY PRICES FOR LIVESTOCK, FEED AND WOOL 1/
------------------------------------------------------------------------
S Adjusted : Effective parity prices 3/
Commodity and unit base :as-edon -daa-fb_
prices 2/ : Feb. 1962 : Jan. 1962 _:_ eb_196

Hogs Per cwt. Dol......... 7.09 21.60 21.60 21.40
Beef cattle n n ........ 7.75 25.60 23.50 23.80
Calves ......... 8.58 26.20 26.10 26.50
Lambs ......... 7.98 24.30 24.30 25.50
Wool Per lb. ......... 4/ .241 .735 .733 .752
Corn bu. ......... .526 1.60 1.60 1.62
Oats ......... .276 .842 .839 .843
Barley ......... .413 1.26 1.26 1.25
Cottonseed ton ......... 4/ 20.60 62.80 62.60 62.80
T Pfritt prices are computed under the provisions of Title III, Subtitle A, Section 301 (a) of
the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949,
1954, and 1956.
2/ Adjusted base price 1910-14 derived from 120-month, January 1952-December 1961 average, (in-
cluding an allowance where appropriate for unredeemed loans and other supplemental payments
resulting from price support operations) by dividing by 247 percent (the 120-month average
of the Index of Prices Received by Farmers adjusted to include-an allowance for unredeemed
loans and other supplemental payments) unless otherwise noted.
3/ Effective parity prices as computed currently using base prices in effect and indexes for
months indicated. These parity prices are the legally applicable parity prices for the
following calendar month.
4/ Adjusted base price 1910-14 derived from 10 season average prices 1952-61 (including an
allowance, where appropriate, for unredeemed loans and other supplemental payments result-
ing from price support operations).






SHIPMENTS OF STOCKER AND FEEDER CATTLE AND SHEEP JANUARY 1962

January shipments of stocker and feeder sheep and lambs into these
8 North Central States amounted to 205 thousand head, compared with
177 thousand head during January last year--an increase of 16 percent.
Of the total received during January, 65 thousand came through public
markets--16 percent below January 1961. However, the January 1962
number received direct totaled 140 thousand head, up 40 percent from
a year earlier. A total of 3. 0 million head of stocker and feeder sheep
and lambs were shipped into these 8 States during 1961, down 13 per-
cent from the total for 1960.
Stocker and feeder cattle and calves shipped into 8 selected North
Central States during January 1962 totaled 368 thousand head, 23 per-
cent less than the number shipped in during January last year. Of the
total cattle and calves received in these 8 States during the month,
about 173 thousand moved through public stockyards--a decline of 10
percent from January 1961. Direct receipts of cattle and calves during
January 1961 amounted to 195 thousand head, or 31 percent less than a
year earlier. The direct movement was 53 percent of the total this
January compared with 60 percent a year earlier. Cattle and calves
shipped into tnese States during 1961 totaled 6. 3 million head, 4 percent
above the 1960 total.
Stocker and Feeder Cattle and Sheep Received in Selected North Central States
January 1961 and 1962 1/
Cattle and Calves
: Public stock :
yards Direct Total
: yards
State
S January : January : January : January December
: 1961 : 1962 : 1961 : 11961 : 1961 : 192 1960 : 1960 : 1961

Ohio ...... 5,578 7,295 1,608 1,741 7,186 9,036 123,587 113,272
Indiana ...: 4,987 3,614 17,552 7,065 22,539 10,679 417,424 319,013
Illinois ..: 28,260 22,054 51,920 34,138 80,180 56,192 1,233,216 1,122,895
Michigan ..: 2,537 2,555 1,560 2,615 4,097 5,170 99,280 78,771
Minnesota .: 14,569 11,970 43,507 31,313 58,076 43,283 698,643 696,611
Iowa ......: 86,844 80,549 98,812 65,002 185,656 145,551 2,308,684 2,516,692
S. Dakota .: 10,468 10,423 6,911 8,145 17,379 18,568 208,832 287,583
Nebraska ..: 39,265 34,016 61,639 45,284 100,904 79,300 977,176 1,203,884


Total :192,508 283,509 476,017 6,066,842
8 States : 172,476 195,303 367,779 6,338,721
Sheep and Lambs

Ohio ......: 1,898 2,749 1,910 5,774 3,808 8,523 78,591 114,264
Indiana ...: 540 286 422 347 962 633 87,061 67,665
Illinois ..: 3,847 509 3,900 11,549 7,747 12,058 337,164 351,102
Michigan ..: 1,050 1,263 550 --- 1,600 1,263 28,935 32,292
Minnesota .: 22,960 24,664 15,941 11,623 38,901 36,287 474,699 480,832
Iowa ......: 25,549 14,189 58,876 56,066 84,425 70,255 1,440,144 1,225,928
S. Dakota .: 9,869 4,929 14,551 19,699 24,420 24,628 261,631 230,134
Nebraska ..: 11,711 16,777 3,677 34,671 15,388 51,448 782,912 530,622


Total : 77,424 99,827 177,251 3,491,137
8 States : 65,366 139,729 205,095 3,032,839

1/ Data in this report are obtained from offices of State Veterinarians. Under
"Public Stockyards" are included stockers and feeders which were bought at stock-
yards. Under "Direct" are included stockers and feeders from points other than
public stockyards, some of which are inspected at public stockyards while stopping
for feed, water, and rest en route.
Statistical Reporting Service Crop Reporting Board 2/23/62







WOOL PRODUCTION AND VALUE, 1961

Production of shorn and pulled wool in 1961 totaled 295 million pounds,
grease basis, according to the Crop Reporting Board. This was 1 percent
below the 1960 production of 299 million pounds, but 8 percent above the 1950-59
average production of 273 million pounds.

Shorn wool production at 261 million pounds was 2 percent below the 265
million pounds produced in 1960 but 10 percent more than the 10-year average
production of 237 million pounds. Production of shorn wool in 1961 is equivalent
to 118 million pounds, clean basis, compared with 119 million pounds for 1960.

Pulled wool production in 1961 amounted to 33. 5 million pounds compared
with 33.6 million pounds in 1960 and the 10-year average of 35. 8 million pounds.
Production of pulled wool is equivalent to 25.1 million pounds, clean basis, in
1961 and 25. 2 million pounds in 1960.

A total of 30. 8 million head of sheep and lambs were shorn in 1961 com-
pared with 31.1 million head in 1960--a decrease of 1 percent. During the
1950-59 period, an average of 28.3 million head were shorn. Weight per fleece
in 1961 was 8. 50 pounds compared with 8. 55 pounds in 1960. The 1950-59 average
fleece weight was 8.40 pounds.

Pulled wool production in 1961 was about equal to the 1960 output.
Commercial slaughter of sheep and lambs the past year was 8 percent above
1960. The average weight of wool pulled per skin was 3. 25 pounds compared with
3.26 pounds in 1960.

The average price received by growers for shorn wool from April 1961
through January 1962 was 41. 9 cents per pound. The average price per pound of
wool produced in 1960 was 42. 0 cents and the 1950-59 average was 54.1 cents
per pound. Total value of shorn wool produced in 1961 was about $110 million--2
percent less than the value of the 1960 production.
Wool production and value, United States, 1957-61 1/

:: Shorn
: ST-:_p :Weight: wool : Price : : Pulled :Total shorn
Year :shorn : per : pro- : per : Value : wool : and pulled
g/ :fleece: auction :pound 2/: :production:v wool pro-
: duction

:i, 1,000 1,000 1,000 1,000
:head Pound pounds Cents dollars pounds pounds

1950-C9 av...: 28,251 8.40 237,262 54.1 127,446 35,820 273,082

1957 .......: 28,415 8.41 239,101 53.4 127,764 33,600 272,701
1iC= ........: 29,403 8.29 243,713 36.4 88,6_. 30,400 274,113
1959 ........: 30,763 8.45 259,939 43.2 112,328 34,500 294,439
1~I ........: 31,064 8.55 : -,480 42.0 111,496 33,600 299,080
1961 ........: 30,751 8.50 261,370 4/41.9 109,545 33,500 294,870

Ij Excludes Alaska and Hawaii. 2/ Includes shearing at commercial feeding yards.
3/ Computed by weighting State average prices for all wool sold during the marketing
year, April through March, by production of shorn wool. The U. S. average,
weighted by sales was 1957, 53.7 cents; 1958, 36.4 cents; 1959, 43.3 cents;
1960, 42.0 cents. 4/ Average price for wool sold April 1961 through January 1962.
Statistical Reporting Service Crop Reporting Board. 2/27/62




UNIVERSITY OF FLORIDA
196I 11111111 11111 i11111 1111111U1111 Ilill1 l
3 1262 08500 5998

U. S. Department of Agriculture Postage and fees paid
Washington 25, F. C.

OFFICIAL BUSINESS

Form AMS-5/6/62
Permit 1001


University of Florida
Documents Librarian
11-4-59 The University Libraries
LS-CLS Gainesville. Fla.








SHEEP AND LAMBS: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds

: : :Kansas : Fort : : North
Classification :Chicago : Omaha : City : Worth Denver : Ogden : Port-
: : : land

SLAUGHTER LAMBS: (Wooled) 80-C11'
Prime Mar. 3, 1962 .......... 18.48 17.68 17.88 -- 17.76 17.75 17.38
Mar. 4, 1961 .......... 17.75 17.62 -- 18.00
Choice 1a?.-37 T962 ..7 18.08 17.02 17.50 16.10 16.81 17.00 17.25
Mar. 4, 1961 .......... 17.20 16.82 16.88 16.55 16.98 17.25 16.51
Good Mar. 5, 1962 .......... 16.82 15.98 16.12 14.50 15.75 16.25 16.50
Mar. 4, 1961 .......... 16.12 15.62 16.00 15.85 16.22 16.50 15.12

EWES (Wooled) 90-1504
EWS WolcT o~--/'-------------------------------------
Good Mar. 3, 1962 ........ 5.75 5.82 5.25 7.45 7.25 5.75 5.50
Gd. & Choice Mar. 4, 1961 ......... 7.00 6.75 5.00 -- 6.88 5.50 5.50*
Utility Mar. 3, 1962 ........... 6.00 5.82 4.75 6.75 6.62 5.00 5.00
Cull & Util. Mar. 4, 1961 .......... 6.50 6.00 5.00 7.00* 5.25 4.00 3.75*
Cull Mar. 1962 .......... 5.50 4.40 4.25 -- 5.62 4.75 3.50
FEEDER IAMBS: TWooed)- 60-80
Fancy Mar. 3, 1962 .......... -- 16.50 -- 16.75 -
Choice Mar. 3, 1962 .......... 15.88 15.00 15.98 15.75 15.00*
Gd. & Choice Mar. 4, 1961 .......... .. 16.85 -- 15.10 16.82 1600 J_ ,7_
Good Mar. 3, 1962 -- 14.00 -- 15.50 14.82 14.75 13.25*
*Shorn basis.