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
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The Division
Place of Publication:
Washington, D.C
Publication Date:
Frequency:
weekly
regular

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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 )
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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

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University of Florida
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All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 004691915
oclc - 04512121
lccn - sn 87043107
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lcc - NOT IN LC
ddc - 338.105
System ID:
AA00008493:00029

Related Items

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

Full Text




MEAT f
MEA WEEKLY SUMMARY

WOOL W AND STATISTICS


LIVESTOCK DIVISION, AGRICULTURAL MARKETING SERVICE
U.S. DEPARTMENT OF AGRICULTUQf
WASHINITON s2, D.. c.
Vol. 50, No. 20 May 1962
Week ended May 12


Livestock Market Reviews .... .
Livestock Market Receipts .......... 377
Feeder Statistics ......... 377
Estimated Percentage of Feeder Cattle
and Slaughter Cows in Salable Receipts 377
Steer Sale Statistics .... 378
Slaughter at Major Centers . .. 379
Estimated Slaughter and Meat Production ~
Cattle Prices (with monthly averages) .. 380
Hog Prices . . 382
Hog Purchase Statistics ... 38
Sheep and Lamb Prices . 388
Wholesale Meat Trade Reviews .. 384
Wholesale Dressed Meat Prices . 85
Wool Market Review ... . 386
Special to this issue

The Livestock and Meat Situation, May 1962 387


elgl-wAgl






MIDWEST LIVESTOCK REVIEW

and

RANGE AND FEEDLOT SALES


Slaughter steers and heifers at the seven
markets totaled 114,600 head for the largest
volume since the last week in January but
14,100 head below a year ago. Slaughter
steers sold steady to 50# lower except steady
to 50# higher for average Choice to Prime grades
at Sioux City and Chicago. Heifers and cows
were steady to 25# higher. Barrows and gilts
sold steady to 25# lower, instances 50f off.
Sows were steady to 50# lower. Slaughter lambs
sold mostly 25-500 higher.

SIAUGHTER CATTLE AND CALVES Cattle
marketing were rather moderate in the early
part of the week but later picked up and the
aggregate was the largest for any week since
January. Price advances on slaughter steers in
the early part of the week were more than
erased except average Choice to Prime managed
to hold strong even with the increased supply.
Slaughter steers were steady to 50# lower ex-
cept at Chicago and Sioux City, where the ma-
jority of steers grading average Choice to
Prime were offered and these sold steady to 50#
higher. Heifers were steady to 25# lower, ex-
cept Chicago steady to 25# higher. Cows were
steady to 25# higher; bulls and dealers steady
to $1.00 lower. The percentage of cows and
feeders in the run not as large as the previous
week. Slaughter steers and heifers grading
Standard to average-Choice made up the big end
of the run at most centers, however, there was
an increase in the percentage high-Choice and
Prime steers at Chicago.
Slaughter steers: After working lower for
four weeks in a row the top on Prime at Chicago
moved higher as a load of 1315# reached $50.50.
Other Prime steers at Chicago 1250-1350# $29.50-
30.25, mixed Choice and Prime 1150-1450# $28.25-
29.25 and Choice 950-1400# $26.00-28.00. At
other terminals loadlots of high-Choice and
Prime were scarce, Choice bulked at $25.00-
27.50 except Sioux City where high-Choice and
Prime brought $26.75-29.00, Good $21.50-25.00.
Slaughter heifers: High-Choice and Prime
$26.50-27.50, bulk Choice $24.25-26.50, Good
$21.50-24.25.
Slaughter cows: Most Utility and Com-
mercial $14.50-17.00, Canner and Cutter $12.50-
15.00.

FEEDER CATTLE AND CALVES Receipts of
feeder cattle and calves at mid-west terminal
markets were somewhat smaller than the season-
ally moderate numbers marketed either the pre-
vious week or a year ago. Along with moderated
marketing was some deterioration in over-all
quality. Good and Choice grades predominated
but there were fewer in the upper half of the
Choice grade as well as a decrease in shipments
of mixed Choice and Fancy offerings. At the
same time an increased percent of supplies


consisted of Medium and mixed Medium and Good
kinds. With the grass season now well under way
and much of the urgency gone in the springtime
demand for cattle with which to fill pastures
trading at best was only fairly active. However,
smaller supplies proved a supporting factor and
prices at mid-west terminals generally held to
a steady to weak basis for all classes.
Feeder steers: Good and Choice 800-1050#
largely $22.00-25.00, few Choice 800-875#
$25.25-25.50. Not many over 95?0 exceeded
$24.50 and at Omaha Choice fleshy 1000# went at
$24.00. Medium and mixed Medium and Good 800-
1025# $18.50-22.00. Few loads Choice and mixed
Choice and Fancy 550-650# $28.25-28.50, one
load 514# $31.00. Bulk Good and Choice 550-
750# $23.00-28.00; Medium and mixed Medium and
Good 550-750# $18.50-25.50.
Feeder heifers: Good and Choice 525-700#
chiefly $21.50-26.00, not many over 600# above
$25.00. One load Choice 551# reached $26.10
but loadlots of mixed Choice and Fancy grades
virtually absent.
Feeder calves: Three loads Choice 375-
450# steers $32.00 and part load Choice, thin,
550# $53.00. Other Good and Choice 550-550#
ranged $24.00-50.50. Load Choice and Fancy
542# heifers $50.00; other Good and Choice
550-500# heifers $22.50-28.00.

HOGS Terminal markets Receipts at the
twelve markets totaled 558,000 head, 7,000
fewer than a week ago and 15,000 head under a
year ago. The 12 markets plus Interior Iowa
numbered 651,000 head compared 615,000 last week
and 655,000 a year ago. A higher dressed pork
trade partially off-set the bearishness of in-
creased marketing, and as a result, downturns
were held to rather modest proportions. Barrows
and gilts sold steady to 25# lower for the most
part, although extremes in Omaha were 50f off,
and some 180-250# at St. Louis were 10-15#
higher. Sow prices ranged steady to 500 lower,
the majority of sales at the close showing a
25# downturn. Sows made up between 6 and 15
percent of the receipts, many of the centers
showing an increase.
Barrows and gilts: At the close, U. S.
1-2, 190-240# sold $15.75-16.50, few $16.65-
16.75 at Indianapolis. The extreme top for the
week was claimed by Chicago at $17.00. Closing
sales No. 1-5, 190-250# largely $15.50-16.00,
few $16.25-16.35 at Chicago and Indianapolis,
and some down to $15.25 at Kansas City.
Sows: U. S. 1-5, 270-40Q0 $15.25-14.50,
400-600# $12.00-15.75.
A late advance in feeder pig prices at St.
Paul that measured from strong to 50#, placed
Choice 120-160# at $15.00-15.50, while Sioux
City was steady at $14.50-15.00 on Choice 140-
170#.
Average cut-out value advantage of U. S.








No. 1 over No. 3 live basis 200-220# barrows
and gilts was 835 per cwt.based on wholesale
carlot prices of fresh pork cuts at Chicago,
May 5 to May 9, 1962. inclusive.
Hogs Interior Iowa-Southern Minnesota
area receipts totaled 515,000 head, compared
with 270,000 last week and 500,000 a year ago.
Most of the run was comprised of U. S. 1-5 200-
250# barrows and gilts, while sows made up
fully 8 percent of total receipts. Compared
with last week's close, late sales were 25-400
lower on barrows and gilts; sows 40-500 lower.
Barrows and gilts: On Friday, U. S. 1-3,
200-250# sold at $14.75-15.40, most U. S. 1-2,
$15.25-15 .5.
Sows: Most U. S. 1-5, 270-400# $15.00-
14.00; No. 2-3 400-550# $11.50-15.00.
Hogs Interior Illinois Receipts
totaled 116,900 compared 95,400 last week and
78,600 a year ago. Demand fair throughout
week, barrows and gilts steady to 100 higher.
Sows closed mostly 25# lower.
Barrows and gilts: On Friday, U. S. 1-5,
190-240# $15.00-15.75, generally $15.25-15.65.
Some 200-230i $15.85-16.00. Around 20 head
sorted No. 1 16.25. No. 1-5 230-250# $14.75-
15.25.
Sows: U. S. 1-3 250-550# $13.00-14.00, few
$14.25-14.75. No. 1-5 550-400# $12.50-13.00,
No. 2-3 400-5004 $12.00-13.00.

SHEEP AND IAMBS Receipts at the major
terminals totaled 99,000 head, compared with
81,000 last week and 112,000 a year ago. Old-
crop slaughter lambs comprised bulk of receipts
and were mainly shorn lambs. Spring lamb num-
bers continued to increase ranging up to 50 per-
cent at Fort Worth. Substantial price advances
in the dressed lamb market more than off-set
any bearishness that might have resulted from
the increase in receipts. Compared with pre-
vious Friday old-crop slaughter lambs were
steady to 500 higher, some $1.00 higher at
Omaha and St. Paul, but steady to 50# lower at
Fort Worth and Indianapolis. Spring slaughter
lambs sold 50-t1.00 higher. Slaughter ewes
were steady to 50# lower, but steady to 50#
higher at Kansas City and St. Joseph. Feeder
lambs sold mainly steady.
Old-crop slaughter lambs: Shorn Choice
with few Prime 85-106# No. 1-3 pelts $16.50-
18.00 and few loads No. 1 pelts $18.00-18.50.
Good and Choice 80-1154 No. 1-5 pelts $15.00-
17.00. Wooled Choice with few Prime 90-119#
$17.00-18.50, part deck Choice and Prime 98#
$18.75. Limited volume Good to Choice $15.00-
17.00.
Spring slaughter lambs: Choice and Prime
75-112# $19.50-21.50, Good and Choice 70-108#
$18.00-20.00.
Slaughter ewes: Cull to Good shorn $5.00-
5.75, few to $7.10; wooled $4.00-6.00, few
$8.00.
Feeder lambs: Choice and Fancy 63-81#
spring lambs $17.60-18.75 at Denver. Good and


Choice 65-75# at Fort Worth $14.00-15.50, few
lots 60# $10.00-13.00. Good to Fancy 69-8"0
wooled old-crop $13.00-16.00. Good to Fancy
75-90# shorn No. 1-3 pelts $11.00-14.00.
Sheep and lamb receipts in the Interior-
Iowa-Southern Minnesota area numbered 10,900
head, compared with 8,100 a week earlier.
Sharply higher dressed lamb prices combined
with rather limited slaughter lamb marketing
prompted good demand on the live trade and com-
pared with the previous week's close, wooled
old-crop slaughter lambs were 25-50# higher,
shorn lambs fully 500 higher, slaughter ewes
steady. The spring slaughter lamb volume was
insufficient to provide an adequate price test.
Shorn slaughter lambs comprised fully 75 percent
of the lamb supply.
Old-crop slaughter lambs: Shorn Choice
80-110# No. 1-2 pelts delivered to packing
plants $17.00-17.50 late and limited showing
high-yielding $17.75-18.00; 110-120# $16.00-
17.25. Choice 80-110# No. 2-3 pelts $16.00-
17.25. Good and low-Choice 80-110# No. 1-3
pelts $15.00-16.50. Wooled, Choice 80-110#
$17.00-17.75, 110-125# $16.00-17.25. Good and
low-Choice 80-110# $15.50-16.75.
Spring slaughter lambs: Choice and Prime
80-105# $19.50-20.50, few Prime 80-100# $21.00.
Slaughter ewes: Cull to Good shorn $2.50-
4.50.

RANGE AND FEEDLOT 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, CALIFORNIA, NEVADA AND UTAH -
Direct trade on slaughter and feeder steers and
heifers moderately active and fully steady.
Spring lambs moderately active and strong to
$3.00 higher, but confirmed volume decreased
considerably over previous period.
Slaughter steers: California and Arizona,
140 Choice 1020# $27.75; 5,700 mostly Choice,
900-1200# $26.75-27.50; 14,300 Good and Choice
925-1175# $25.75-26.75, many for June-July de-
livery; 3,900 mostly Good, 900-1200# $25.00-
25.75 including 1,300 for July-August delivery;
700 Standard and Good 950-1000# $24.00-24.75;
1,900 Standard, end of Good 900-1100# $21.00-
24.00.
Slaughter heifers: California and Arizona,
2,000 mostly Choice, end of Good 800-900#
$25.00-26.25; 50 mostly Good 800-900# $24.00.
Feeder cattle and calves: Steers, 720
Choice 260-480# $28.50-28.75) 3,100 Good and
Choice, 525-725# $24.00-25.75; 1,100 Choice,
end of Good 825-850# $24.00; 2,400 Good 500-
850# $22.75-24.00; 1,200 mostly Medium 600-
800# $21.00-22.00 current to August 1 delivery.
Heifers: 1,250 Good and Choice 470-575#
$24.00; 220 Good and Choice 600-700# $25.00.
Mixed steers and heifers: 700 Choice 400-425#





376

steers $27.00, heifers $25.00 for late October
delivery; 1,300 mostly Choice 475-675# steers
$24.00-26.00, 450-650# heifers $22.50-24.00.
Spring lambs: California, 7,000 Choice
and Prime 105-110# $21.00-22.00; 5,500 Choice
and Fancy 100-1084# feeders $19.00-20.25; 7,500
Choice and Prime slaughter with small end of
Choice and Fancy feeders 100-105# $18.00 shorn
with No. 2 pelts current to June 10 delivery;
Arizona: 1,000 Choice and Prime 105# $19.50
for slaughter.
Old-crop slaughter lambst 1,700 Choice
100-110# shorn with No. 2 and 5 pelts $15.00-
16.50.

COLORADO, SOUTHERN WYOMING, WESTERN
KANSAS AND 'ESTERP NEBRASKA Trading direct
at feedlots on slaughter steers and heifers was
uneven. Demand was fairly broad for both class-
es early in the period in line with an early
advance on carcass steer and heifer beef. Trend
in the dressed trade reversed itself after Mon-
day, however, with the early advance more than
erased. Slaughter steers sold steady fore part
of the week, but late sales 25-50# lower on
limited volume. Slaughter heifers were also
steady early, but late sales steady to 25# low-
er.
Slaughter steers: Colorado, few loads
Choice and Prime 1100-125rW Ce27.00 early; 1,500
head average to high-Choice 1025-!"75- $26.00-
26.75, closing sales $26.25 down. 750 head
high-Good to mostly Choice 1050-1225# *25.50-
26.25 late sales $25.75 down; 200 mixed Good
and Choice $24.50-25.25. Nebraska and Kansas,
550 head, mostly Choice 1075-1190# $25.00-
25.60.
Slaughter heifers: Colorado, 1,500 aver-
age to high-Choice 900-1075# $25.50-26.00,
1,000 high-Good to mostly Choice 850-1000#
$24.75-25.50; 200 Good and Choice $24.00-24.75.
Feeders: Trading moderately active at
steady prices. 800 Choice 800-850Y steers for
June delivery $23.00-23.25; 300 Choice and
Fancy 625-67Q0 steers $26.00-27.00 immediate de-
livery; 550 Choice 590-675# heifers $24.00-
24.75 immediate to June 15 delivery.
Sheep and lambs: Trading on old-crop
slaughter lambs active, prices 500 higher.
Mostly Choice shorn slaughter lambs 100-110#,
No. 2 and 3 pelts, $17.50-18.00; two loads
115# $17.25.


Slaughter heifers: Several lots mostly
Choice 850-1060# $24.00-24.75; Good and few
Choice 750-1000# $22.50-24.00; Standard and
Good $22.00-23.00.
Slaughter calves: Eleven loads Good and
Choice 600-675# $24.50-24.75.
Feeders: 800 Choice 525-550# steers $25.00
October delivery; 600 Good and Choice 500-575#
steers $24.00 immediate delivery; 550 Good and
Choice 600-650# heifers $21.50-22.50 June and
July delivery; 725 Choice and Fancy 300-342#
calves, steers $52.00, heifers $50.00 immediate
delivery.
Slaughter lambs: 2,200 shorn old-crop No. 1
and 2 pelts $14.00-14.50; 6 loads Choice with
few Prime spring lambs $18.00-18.50; 6,000 Good
and Choice feeder lambs $15.25-16.00.
Amarillo Area Trading fairly active,
prices steady to 50# lower. Feeder cattle and
calves slow, prices little changed.
Slaughter steers: 550 Good and Choice
1025-1175# $24.80-25.25, some for 30-day option;
400 mostly Good, 950-1075# $23.25-24.50, some
delivered to plant.
Slaughter heifers: 1,000 Good and Choice
700-1025# $23.75-25.00.
Feeders: Immediate delivery 220 Good to
mostly Choice 700-755# steers $23.80-24.25;
June, 500 Choice and Fancy 650# $25.00;0ct., 600
Good and Choice 650-80Q0 $23.00-23.50; 2,170
mostly Good, 600-700# $21.90-22.50. 1,400 most-
ly Choice 425-475# steers $28.00, heifers $26.00.

OREGON AND WASHINGTON Direct trade slow.
Slaughter steers steady to 500 lower, heifers
steady, feeders scarce. Slaughter lambs steady
to $1.00 higher.
Slaughter steers: Washington, 550 Good
to mostly Choice 975-1075# $27.00-27.50. 50 Good
and Choice 995-1085# $26.50-26.75, 200 Standard
and Good 1075-1200# $22.00-25.00. Oregon, 120
head mostly Choice 1000-LlO0C $27.50-28.00, May-
June delivery. 100 Standard to mostly Good
Holsteins 105Q0 $23.00.
Slaughter heifers: Washington, 50 head
mostly Choice 850# $26.50, 75 Good to mostly
Choice 830-900# $25.00-26.00. Oregon, 120 head
Good to mostly Choice 800-850# $26.00, May-June
delivery.
Feeder cattle: Washington, 300 mostly
Choice 625-650# $25.50 for steers and $24.50
for heifers.


Slaughter lambs: Oregon, 600 Choice and
NEW MEXICO, WEST TEXAS, WESTERN OKIAHOMA, Prime 85-95# spring lambs $20.00-20.50 delivered.
SOUTHWESTERN KANSAS Clovis Area Slaughter 400 head Choice and Prime 90# $19.75 f.o.b.
steers and heifers fairly active, mostly steady.
Feeders slow, steady to 50f lower. Spring MONTANA AND NORTHERN WYOMING Cattle:
slaughter lambs mostly steady. Old-crop slaugh- Few sales slaughter and feeder cattle steady.
ter lambs steady to 50# lower; spring feeder Slaughter cattle: Montana, 100 mostly
lambs steady to weak; old-crop feeder lambs Choice 1100-1175# steers $25.00-25.50. Good and
weak to $1.00 lower. Choice 900-1075# mixed steers and heifers $24.50.
Slaughter steers: 19 loads Choice 934- Feeder cattle: Montana,100 high-Choice 450-
1175# $25.00-25.50; 4 loads Good to mostly 475# steers $28.00. Wyoming, 100 Choice 800-
Choice high-yielding 1100-1175# $25.75; bulk 850# partly fattened heifers $23.00.
Good and Choice 950-1200# $24.50-25.00; Good Sheept Montana, 4,000 mostly Choice 110-
888-1175# $22.50-24.50. 115# shorn slaughter No. 2-3 pelts $15.50.








WEEKS RECEIPTS CF SALABLE LIVESOCK AT 12 PUBLIC MARKETS
S Cattle : Calves 1 Shee_ lmand lambs
Market May 12 May 13 May 12 May 13 May12 May 13 t May 12 2 May 13
1962 1961 1962 1961 1 1962 t 1961 S 1962 t 1961
Chicago ...... 32,028 41,074 77 189 36,385 41,005 2,929 4,381
Denver ........ 8,607 9,806 179 131 6,673 5,053 7,003 10,095
Fort Worth .... 6,404 9,871 894 863 1,879 2,223 36,073 42,305
Indianapolis .. 7,321 7,115 451 319 26,611 29,930 398 1,339
Kansas City ... 16,183 22,246 587 377 19,552 21,537 10,528 8,513
Oklahoma City 9,111 8,990 753 388 4,105 3,862 3,185 3,283
Omaha ......... 42,907 38,675 170 165 53,867 49,425 10,590 13,089
St. Joseph .... 16,288 16,031 213 244 29,486 36,453 9,385 9,691
St. Louis NSI 14,178 15,760 927 1,251 55,537 60,626 2,526 2,517
Sioux City .... 28,024 27,574 318 888 42,650 45,875 5,955 7,416
Sioux Falls ... 9,121 7,961 63 68 16,205 15,116 3,773 3,856
So. St. Paul .. 21,434 20,596 4,578 4,679 44,735 41,790 6,208 5,930
Total ...... 211,606 225,699 9,210 9,562 337,683 352,893 98,553 112,415
May 5, 1962 205 266 10,994 344,808 81,422
INTERIOR IOA AND SOOTHEN MINNESOTA May 12, 1962 May 5, 1962 May 13, 1961
Hogs ...... 313,000 270,000 300,000*
Sheep ,.... 10,900 8,100 18,500*
INTERIOR ILLINOIS Hogs ...... 116,900 93,400 78,600 *Revised.
- ----------- ---- --------- -
FEEDER CATTLEs AVERAGE COST, WEIGH, AND NUMBER
Week ended Month s Four months
-------------------------- ----- -- -_- -----`-_---
SMay 10 May 3 May I Ap. Apr. pr Apr.
S1962 i 1962 1961 1962 1961 1962 1 1961


Steers 1001# up ..... ... 425
901-1000 *...*.... 1,509
801-900 ....... 2,743
701-800 ......... 5,181
501-7009 213 _
Total steers 10 markets.... 17,069
At wt ....** 714#
Av. cost*" .... $24.28
S Chicago ...... 24.15
Kansas City... 24.85
*w Omaha ........ 24.20
S S. St. Paul... 21.45
S Sioux City.... 25.57
U U Denver ....... 25.76
S Ft. Worth .... 25.45
S U Oklahoma City. 25.79
S. St. Joseph. 24.42
S U St. Louis NST. 25.95
Total calves 10 markets.. 5,561
heifers .... 4,816
cows ** .... 527


396
2,304
2,816
3,700

22,862


23.31
25.10
24.60
22.52
25.75
23.78
24.24
25.92
25.44
24.03
8,039
3,617
486


785
1,830
2,523
4,303
_8e55
18,292
""9 .
$22.74
22.10
23.45
23.22
20.86
23.18
22.03
22.17
21.02
23.71
22.52
5,299
2,824
653


2,178
8,299

18,132
_56,63
97,757
7024-
824.q7
24.55
25.11
25.06
22.75
26.33
24.59
23.80
24.02
24.65
23.94
33,758
18,151
2,250


2,306
7,674
12,139
17,158
i47 524
86,801
704#
$24.05
25.09
24.38
24.03
21.80
25.55
24.17
23.18
23.05
24.72
22.87
27,960
12,861
2,255


7,762
31,228
51,546
54,338
158 280o
503,154
714#
$24.08
23.39
24.14
24.38
21.72
25.42
24.14
25.44
23.76
24.10
23.34
149,085
51,765
9,824


12,513
33,929
53,662
64,189
184 294 .
348,487
714"
$24.19
23.15
24.24
24.18
21.86
25.73
24.99
25.36
23.32
24.10
22.96
162,609
50,401
11,503


* Not adjusted for differences in grade of cattle sold at each market.


ESTIMATED PERCENT OF FEEDER CATTLE AND SLAUGHTER COWS IN SALABLE RECEIPTS
I Ste S t I I
Chi-tKan S : St.' St Siou 'S.St' Idian- Den- Ft. 'Okla.Wich-e San
Week ended t cagoss Omaha Joseph ouisCity Paul apolis er northh 'City its Antonio
S I Feeders I
Feeders


May 11, 1962 2 35 12 11 7 25 8 6 6 70 67 52 65
May 4, 1962 2 48 14 12 9 27 8 6 10 70 73 59 60
May 12, 1961 2 37 8 9 5 18 5 8 6 45 61 44 55

Slaughter cows
May 11, 1962 4 9 7 6 7 5 25 10 20 10 10 16 17
May 4, 1962 4 8 9 6 7 8 28 11 20 15 8 15 15
May 12, 1961 5 6 8 5 6 5 20 13 10 20 10 14 15
------------------------------------------------


--~--~---~--------------








STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER I
SPercent of total : Average weight Average price in
: Number of head :
S. by grades (pounds) ;dollars per 100 lb.
Grade ---------- --- -
Week ended
Fa7 To0 aS F T: a tlo:- I~a; :. I -:- ~a' To-:- fa Tl-:- Iaf To-:- af f:1L
: 1962 1961 : 1962 : 1961 : 1962 : 1961 : 1962 : 1961
CHICAGO


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.....


2,181 2,725 9.1 8.3
13,619 19,578 56.8 59.6
7,058 8,455 29.4 25.7
753 1,534 3.2 4.7

367 568 1.5 1.7
23,978 3, 860
OMAHA
117 34 .5 .2
9,865 9,074 42.8 44.5
11,883 9,604 51.6 46.8
1,014 1,581 4.4 7.7
169 211 .7 1.0
25,048 20,504
SIOUX CITY
m a n -8- -- -1- 6 ~
38 24 2.5 1.6
7,886 7,953 52.4 52.5
6,433 5,752 42.8 38.1
604 1,383 4.0 9.2
79 -- 5.3 --
15 040 15,092

31 16 .5 .2
2,816 4,016 45.7 42.9
3,029 4,306 49.2 46.1
284 1,010 4.6 10.8

3 3 -
6,165 9,351
--------------------
-- 6 -- .1
1,808 864 26.4 10.4
3,887 6,059 56.9 73.2
877 1,077 12.8 13.0

269 277 3.9 3.3
6,841 8,285


1,226 1,262 28.98 25.51
1,182 1,201 26.53 23.64
1,064 1,113 24.99 22.28
1,045 1,043 21.50 20.26

1,000 1,030 19.75 18.81
1L144 1173 26.11 25.26
-------------------
1,326 1,263 27.01 24.10
1,166 1,185 25.50 22.98
1,087 1,110 24.14 21.86
1,105 1,078 20.82 19.15
984 1,003 19.56 17.96
1,122 1,140 24.59 22.15

1,273 1,048 28.74 24.50
1,167 1,188 25.74 23.01
1,098 1,122 24.32 21.89
1,096 1,091 20.50 19.33
1,028 -- 19.25 -
L154 2_ i54 24.95 22.28
-1^.154~- -'-5 -228

1,195 1,150 26.79 24.42
1,151 1,149 25.86 23.33
1,048 1,072 24.56 22.07
1,036 1,083 20.97 19.81

935 1,000 19.25 17.95
1,095 1,106 25.04 22.40
-------------------

1,012 25.00
1,104 1,101 25.92 23.62
1,016 1,020 24.51 22.55
981 997 21.69 20.45

927 878 19.37 18.58
1,051 1,021 24.27 22.29


Prime... .. -- -- -
Choice......... 4,105 2,770 44.2 52.6 1,134 1,145 25.55 23.02
Good........... 4,554 4,862 49.0 57.2 1,064 1,102 24.08 21.97
Standard....... 628 866 6.8 10.2 1,085 1,064 20.98 18.95
Utility ........ -- --
All grades..... 9,287 8,498 1,096 1,112 24.54 22.05
i_ --- ----- ----- -- -------- ---
Prime.......... .. .. .. ..
Choice......... 2,470 3,150 65.3 78.5 1,162 1,199 26.05 22.97
Good........... 1,197 697 51.6 17.4 1,098 1,128 24.77 21.82
Standard....... 117 164 5.1 4.1 1,050 1,123 21.44 18.70
Utility ........ -- -
All grades..... 3,784 4,011 1,158 1,184 25.55 22.62

1/ Data collected by Statistical Reporting Service, and Livestock Division, A. M. S.







WEEKLY SLAUGHTER UNDER FEDERAL
--.--------------^- --- -----
Cattle
City or Area Tf F: f3T
S1962 : 1961 :


INSPECTION AT MAJOR CENTERS
Calves I Hogs :Sheep and lambs
May 2 13 1 May2 ay 3 T y 12 T a 1
1962 1 1961 1962 1961 1962 1961


Boston, New York City Area .... 12,887 12,586 9,499 11,671 42,495 44,161 51,717 58,500
Baltimore, Philadelphia ....... 8,469 8,705 1,872 1,862 52,568 50,528 4,266 5,565
Cin., Cleve., Detroit, Indpls 21,082 19,915 5,680 4,251 155,987 128,540 15,100 12,240
Chicago Area .................. 17,110 18,153 5,077 4,122 55,606 44,745 9,566 5,255
St. Paul- Wise. Areas ......... 24,859 28,441 12,891 14,579 105,717 101,542 8,117 15,568
St. Louis Area .............. 11,041 11,655 1,206 1,554 95,890 84,925 4,259 4,000
Sioux City-So. Dakota Area .... 29,612 26,225 -- 101,450 92,294 10,665 11,596
Omaha Area .................... 45,685 40,855 147 98 98,758 88,512 15,105 18,120
Kansas City ........... ....... 15,244 17,474 57,918 58,40 -- --
Iowa So. Minnesota .......... 55,929 54,289 8,213 7,955 287,459 285,020 52,079 59,510
Lou'l, Evanll.Nashl1. Mphts ... 5,587 6,200 1,965 2,652 58,752 57,747 -
Georgia, Florida, Ala. Area ... 9,566 9,979 5,559 4,220 25,195 51,642 -
St. Jo'ph. Wichita, Okla. City. 21,755 19,944 882 620 52,904 48,874 9,186 11,479
Ft. Worth, Dallas, San Antonio. 9,512 14,899 5,467 4,489 18,587 15,542 47,559 54,526
Denver, Ogden, Salt Lake City 28,262 26,620 81 255 17,006 15,662 51,566 52,069
Los Angeles, San Fran. Areas .. 26,951 29,440 2,647 1,845 28,760 50,669 59,885 37,596
Portland, Seattle, Spokane .... 8,365 8,667 246 265 18,661 17,244 7,182 4,475
Total .................. .. 329,672 55,212 1,211,491 262,028
554,021 59,976 1,155,585 285,899
Accumulation to date ..... 5,890,248 1,170,926 22,250,612 5,040,971
5,727,619 1,212,625 21,272,559 5,081,771



ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
--- --- --- -_- La-- ---~- :~ ~
Beef Veal (excl. lard). and mutton : Total : Total
Week ended 'm- T ~ Nm-~ ~ : N- : N : meat : lard
her Prod er ber : ber Prod prod. prod.
1000 mil.1b. ~1000 mil.lb. 1,000 mil.lb. 1,000 ml..l.lb.milb.


May 12, 1962 .......
May 5, 1962 .........
Apr.21, 1962 I/.......
May 13, 1961 T/.......


241.5
227.2

248.9


10.5
10.8

11.2


1,400
1,520
1,518
1,529


198.1
185.5

187.9


15.7 465.6
12.7 456.0 -
-- 41.6
15.5 465.5 46.6


Percentage change from
May 5, 1962 ......... 5 6 -6 -5 6 7 8 8 6 -
May 15, 1961 ......... -5 -5 -5 -6 5 5 -9 -10 0 -
.....' .- Avarag eig- ------- -b-) Lard
I t Sheep yield
Week ended Cattle Calves Hogs and labs yield
--- --- -1--_- ------ per
.Live .Dressed Live Dressed. Live .Dressed Live Dressed
- 104 611 2- 12- 244 142 97 48 --- -
Ma 19 1962 1045 611 220 123 244 142 97 48


J I 0 .. ..
May 5, 1962 ........
Apr.21, 1962 ........
May 13, 1961 ........


1045
1055
1048


14.5


1/ Actual slaughter. 2/ Excludes lard.








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

Classification May May May May May ; May : May May May May
12 13 12: 13 12 135 12 1 12 13
1962 1961 1962 1961 1962 ; 1961 1962 1961 1962 1961


Slaughter cattle. calves and vealers
= ---------------_ __ __ __


Steers -


Prime 900-1100#
1100-1500
Choice 900-1100
1100-1300
Good 900-1100


Standard

Heifers -
Choice
Good
Standard

Cows -
Commercial
Utility
Cutter
Canner


700-900#
600-800


27.98
28.95
26.70
27.12
24.12
21.68


25.88
D--
20.88


16.50
15.75
15.22
15.60


25.45
25.70
23.82
23.70
21.95
20.08


23.58

19.50


16.75
16.48
16.08
14.50


26.24
26.00
24.02
21.00


25.65
25.50
20.12


16.25
15.40
14.08
12.70


23.92
23.42
22.05
19.58


25.40
21.88
19.25


17.12
16.70
16.00
15.00


27.50
27.60
25.90
26.10
25.55
21.12


25.65
25.08
20.12


16.50
15.58
14.62
15.58


24.65
24.58
23.50
25.20
21.50
19.30


23.20
21.25
19.10


16.85
16.55
15.58
14.62


25.65
25.65
25.50



25.05





14.85
15.72
12.60


22.92
22.86
21.00
18.90


22.95
20.78
18.62



16.47
15.28
14.12


27.50
27.25
25.50
25.00



24.25
21.75



15.75
15.75
12.00


--

24.50
25.58
23.00
20.75


25.88
22.25
19.75


16.75
15.81
14.25
15.00


Bulls Yrigs. excl.
Commercial
Utility

Calves 250-500#
Choice
Good
Standard

Vealers 150-250#
Choice
Good
Standard


Steers 500-800f
Fancy
Choice
Good

Heifers 500-750fl
Choice
Good

Calves -
Steer -
Fancy 300-550#
Choice "
Good 500-500#
Heifer 500-500#
Fancy
Choice
Good


18.75 19.25
18.25 19.75


29.50
27.00
22.00


17.62 18.00
18.12 18.25


25.00
25.25
20.00


50.00
27.00
22.00


23.25
21.25
18.75


27.50
24.00
20.00


17.25 18.50
17.25 18.50


27.00
24.75
21.75


27.50
24.75
21.50


17.85 19.05


19.50 --
19.75 20.25


29.50
27.00
25.50


Feeder cattle and calves


- 26.50
-- 24.10


27.75
26.75
24.75


26.28
24.05


27.58
24.75


26.50
24.00


27.25
26.00
25.50


- -- 24.25 24.00 24.88 24.00
- -- 22.58 20.75* 22.75 20.25*


-- 50.75
S 29.58) 28
25.75)

-- 27.75
25.25)
-- 25.25) 25


51.75 ..
29.75) 29.00
25.25)


-- 28.25 -
26.00)
.50 25.50) 26.00 -


26.58
24.00


24.70
21.60*


50.25



27.88


*Medium and Good.
*Medium and Good.


51.59
29.50
25.50








CATTLE: *.OIITHLY AVERAGE PRICES
In dollars per 100 pounds
--m--------- ----- -------_--- ---------------------
S: : North
SChicago : Kansas City 5 Omaha Denver Portand

Classification Apr. Apr. Apr. Apr. AprApr. Ar. Apr. Apr. ApApr. ApApr Apr.
1962 1961 1962 1961 1962 1961 1962 1961 1962: 1961
2 1 1961 :2 : :

Slaughter cattle1 calves and vealers
Steers -


Prime 900-1100#
11U0-1300
Choice 900-1100
1100-1300
Good 900-1100


Standard

Heifers -
Choice
Good
Standard

Cows -
Commercial
Utility
Cutter
Canner


28.80
30.35
27.60
28.22
25.14
22.12


700-900# 26.46
600-800
20.86


16.76
16.06
15.58
13.89


Bulls Yrlgs. excl.
Commercial
Utility

Calves 250-500#
Choice
Good
Standard

Vealers 150-250#
Choice
Good
Standard



Steers 500-800f
Fancy
Choice
Good

Heifers 500-750#
Choice
Good


26.98
27.22
25.26
25.14
23.14
21.01


24.54
-
20.04


17.47
16.95
16.44
14.91


26.66
26.46
24.33
21.18


2 E.90
23.80
20.28


16.60
15.88
14.44
13.07


-

25.01
24.68
23.10
20.26


24.34
22.35
19.54


17.51
16.85
16.29
15.34


28.30
28.65
26.81
26.94
24.08
21.28


26.40
25.36
20.24


1 .38
15.54
14.38
13.24


26.43
26.33
24.87
24.75
22.80
19.97


24.49
22.40
19.62


17.38
16.65
15.77
14.83


19.99 19.94 18.00 18.52 18.32 18.92
19.72 20.57 18.56 18.62 18.58 18.88


50.38
27.00
22.00


25.00
23.31
20.00


30.00
27.00
21.88


23.74
21.80
18.96


28.68
25.05
20.75


27.00
24.75
21.75


27.50
24.75
21.50


-
--
26.23
26.23
23.60
-


25.14
-
-



15.90
14.75
13.75


-

24.03
24.03
21.81
19.52


23.28
21.09
18.74



16.71
15.36
14.24


-
-
27.38
w-
25.56
22.75


25.99
24.82
21.69


19.00
15.88
13.75
11.62


18.88 19.00 20.44


-- 33.25
-- 50.50
- 26.38


--

24.25
23.38
22.88
20.50


23.58
21.97
19.38


17.25
15.94
14.25
12.88



20.25


31.50
29.50
25.50


Feeder cattle and calves


-
26.69
24.44


28.00
26.68
24.78


26.81
24.31


27.40
24.69


- 24.26 24.00 24.88
- 22.34 20.75* 22.75


26.32
24.34


24.25
20.75*


27.31
26.06
23.19


26.78
24.59


4.
25.25
24.19


24.25


S 24.79
-- 21.80*


Calves -
Steer -
Fancy 300-550i
Choice "
Good 300-500#
Heifer 300-500#
Fancy
Choice
Good
*Medimu and Good.
*Medium and Good.


- 31.00
29.50)
S25.75)

- 27.75
_ 25.00)
23.25)


31.66 -
28.52 29.52) 29.00 -
25.11) -


28.25
25.55 26.00) 26.00
23.49)


27.50)
50.25 26.62)

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HOOSt AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES I/
------ ..-- -tT- -- T, 281- 7 T ^ --. -- ---.^ -T
SsT. t Eight
i, : Louis Kansas: Sioux :S. St. S. St.'Indian-' Ikta.
Week ended sChicago: Natl. t : Omaha ity Joseph Paul apolis com-
I : Stock t i s t : bined
S Yards: : : i i
AVERAGE COST Dollars per 100 pounds
Barrows May 12, 1962 15.64 15.61 15.35 15.44 15.36 15.35 15.39. 15.86 15.50
and May 5, 1962 15.55 15.58 15.56 15.50 15.52 15.57 15.24 .15.77 15.47
gilts May 13, 1961 16.50 16.55 16.12 16.28 15.96 16.06 16.24 16.84 16.32
May 12, 1962 13.26 13.59 13.54 13.32 13.49 13.51 13.46 13.60 13.45
Sows May 5, 1962 15.07 15.55 15.41 13.57 15.58 13.70 15.50 15.44 15.56
May 15, 1961 14.10 14.41 14.45 14.54 14.27 14.47 14.47 14.45 14.40
AVERAGE WEIGHT Pounds
Barrows May 12, 1962 236 227 239 241 241 236 238 232 236
and May 5, 1962 233 226 257 240 240 258 255 250 254
gilts May 13. 15961 _259 2 26 241 25 247 259 240 232 258
May 12, 1962 448 435 428 429 405 422 403 460 426
Sows May 5, 1962 454 454 436 428 415 410 404 455 425
ay 1i3 1961 449 452 445 421 420 411 410 462 428
NUMBER OF HEAD -
Barrows May 12, 1962 28191 49605 17728 45855 36772 26596 33281 21627 259655
and May 5, 1962 28269 55709 18671 47506 59599 25854 29785 25954 269145
gilts May 13, 1961 33615 54554 19784 41327 39592 32289 28925 25249 275115
May 12, 1962 3020 3305 1085 5000 4521 1712 5170 2886 26699
Sows May 5, 1962 2599 5784 1195 4764 4400 1963 4640 5205 26546
May 13, 1961 3296 5648 1306 6173 4695 2212 5598 3070 29796
SOWS Percentage of total
May 12, 1962 10 6 6 10 11 6 13 12 9
May 5, 1962 8 7 6 9 10 7 15 11 9
May 13, 1961 9 6 6 15 11 6 16 11 10

f Weighted average.

AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED FROM 100 LB. LIVE HOG,
COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
Week ended Hog products Hog prices Gro spread
-------- ------ ----r m margin 3/_
May 12, 1962 ............. $17.67 $16.14 $1.53
May 5, 1962 ............. 17.52 16.02 1.50
May 13, 1961 ............. 19.17 17.51 1.86
--------------------------------------------------------------
I/ 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 5 hogs, 200-220# wt. Chicago.
3/ 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 end gilts 1/ N No.3 yeTlow t price ratio
Week ended Dollars-per : Cents per : based on
: 100 pounds bushel : barrows and gilts
May 12, 1962 ......... 15.64 114.3 13.7-
May 12, 1962 ......... 15.64 114.3 13.7
May 5, 1962 ......... 15.55 113.9 13.7
May 15, 1961 ......... 16.50 112.3 14.7
/ Weighted average. 2/ Simple average.









WHOLESALE MEAT TRADE REVIEWS


LESS THAN CARLOT MEAT TRADE REVIEW

EASTERN SEABOARD Steer beef along the
east coast sold steady to $1.00 higher, except
at Washington where prices were steady to $1.00
lower. Cow beef sold 504 lower in New York,
steady to 50# higher at Baltimore and steady at
other points. Calf was fully $1.00 higher at
New York and veal weak to $1.00 lower. Veal
prices at other markets were steady to strong.
Lamb ranged from strong to $4.00 higher on both
old crop and spring lamb and at New York ad-
vances amounted to $2.00-4.00. Pork loins
steady to $3.50 higher; other pork cuts steady,
except some fresh skinned hams at Baltimore
were $1.00 lower.
Choice and Prime kosher steer forequarters
sold $.50-2.00 lower while the trend for lamb
was $1.00-2.00 higher. Veal prices were $2.00-
4.00 lower, kosher calf foresaddles $1.00 off.
Supplies of most classes were normal but
the lamb volume at Washington was above normal.
Clearance was generally complete for all meats
at the several markets. Trading in general was
fairly active following slow start as demand
broadened and outlet improved for meats after
Tuesday. Beef movement was mostly good under
fairly broad demand for carcasses and most cute.
Chucks sold slow. Veal and calf turnover was
only fair while at New York calf met broad de-
mand and cleared promptly. Demand for lamb
was good with early clearance in most areas.
Pork loins opened slow, but were very active
thereafter with chain buyers most aggressive.

CHICAGO Steer and heifer beef at Chicago
sold steady to 500 higher, veal steady, lamb
$1.50-2.00 higher, pork loins 8-16# $2.50-3.50
higher Boston butts 4-8# 50# higher and spare-
ribs 3# down steady.
Beef and fresh pork appeared in normal
volume while veal and lamb offerings were only
moderate. Good and Choice represented the bulk
of beef supply and lamb carcasses were mostly
55-65# averages. Lamb supply was small.
Carcass beef trade opened moderately
active but slowed as the week rro-ressed. Good
demand prevailed for beef loins on each session.
Outlets were adequate for chucks, rounds and
ribs through Wednesday but narrowed. Rounds
and ribs followed a lower trend. Veal trade
mostly moderately active, best action after
midweek. Fair demand along with sharply higher
replacements and below normal supply pushed
lamb prices to their highest level in a month.
Most primal cuts moved at a fair pace, legs
rather difficult to sell in some quarters. A
slow early fresh pork trade turned fairly


active, loins working to their highest point
since March 19th.

PACIFIC COAST Carcass steer and heifer
beef in California was active, steady to $1.00
higher with the most advance in the San Fran-
cisco area but in the Pacific Northwest was
steady to 50 lower. Cow and bull beef
held about steady in the Portland-Seattle
area but was slow, steady to $1.00 lower in
California. Calf sold moderately active,
steady to strong in Los Angeles, but was
only fairly active, steady to weak elsewhere.
Spring lamb trading was active under a broad
demand at $1.00-4.00 higher levels in Cali-
fornia with the greatest advance in Northern
California. Old crop lamb sold $1.00-1.50
higher and spring lamb mainly steady in the
Pacific Northwest. Fresh and cured pork
was slow, steady to $1.00 higher in Los An-
geles, steady to $1.00 lower in other areas.
Supplies of all classes were about
normal except Choice steer and spring lamb
below normal.

CARLOT MEAT TRADE REVIEW

CHICAGO, DENVER, OMAHA, NEW YORK AND
PHILAELPHIA Supplies of steer and heifer
beef were fully to slightly above normal.
Demand was only moderate. Trading on steer
beef was rather slow at shipping centers
but moderately active on heifer and cow beef.
Some early advance on Choice steer beef was
erased in the later trade. At New York
steer beef was steady to 500 higher. Elee-
where Good and Choice steer and heifer beef
was steady to 50# lower but Good steer
beef at Omaha was steady to 500 higher.
At Chicago Utility and Commercial cow
beef was steady to 250 higher end Canner
and Cutter 250 lower. At Philadelphia
cow beef was 500-$1.00 higher and at Omaha
strong to 250 higher. Clearance was gener-
ally good on beef classes.
Demand was good for carcass lamb and
normal supplies sold in an active trade
with prices from $1.00-3.00 higher. Clear-
ance was good.
Demand was fairly good for normal
supplies of pork products and loins sold
from $2.50-3.00 higher, pork butts were
$1.00-1.50 higher and fresh hams mostly
steady. Pork carcasses at New York and
Chicago sold steady to 75# higher. Clear-
ance was generally complete at shipping
centers.






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

S New York Chicago San Francisco Los Angeles
Classification -- -
s May 12 May 13 t May 12 : May 13 : May 12 *May 13 May 12 t May 13
: 1962 1961 : 2 161 1962 1961 1962 1 1961


Steer beef -
Prime
Choice

Good

Heifer beef -
Choice


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

500-600W
600-700


Good 500-600
Veal -
Prime 90-120#
Choice 90-120
Good 90-120
Spring lamb -
Prime 45-55s
Choice 45-55
Fresh pork -
Loins 8-1-
Butts 4-8
Spareribs 5# dow
Hams, sink. skd. -
Cook before eating 12-16#
Fully cooked 10-14#
Bacon, smoked, sliced -
1j package (box'lots)
Picnics, smoked (Cook
before eating) 4-8f
Lard, 1# carton


47.25
44.75
44.50
42.25
42.50


60.70
53.00
49.80


44.35
42.55
41.05
39.90
40.05


59.20
49.20
45.50


43.75
43.25
41.75
41.50

43.45
43.45
40.75

57.00
52.00
49.00


39.75
39.00
38.25
38.25

39.00
39.00
37.50

59.00
52.00
48.88


44.75
44.38
43.75
43.25

43.75
43.50
42.25



55.25


39.88
37.88
39.62
38.00

38.88




54.00
50.50


43.40
42.90
42.25
41.00

43.25
42.50


39.19
37.69
38.75
38.00

38.94
57.69
38.00


44.20 40.10 39.25* 55.31* 40.00 57.00 41.50 38.00
44.20 40.10 39.25* 35.31* 40.00 37.00 41.50 58.00


43.45
32.00
40.50

43.50
45.00


46.30
56.00
42.50

45.00
46.25


41.00
29.35
38.00


43.19
33.75
58.00


46.25
38.50
46.50


46.62
41.00
47.75


43.50
35.50
42.00


46.00
58.50
42.00


-- 45.50 50.50 44.75 49.00 45.50
50.25 49.25 -- -


47.50 49.00 51.75 53.25 52.50 54.75 49.62 52.00

30.50 54.75 32.00 35.50 32.00 35.00 34.00 54.00
13.25 16.50 14.25 15.62 17.50 18.00 16.25 17.12


*Old-crop lamb.
BULK PRICES CABLOT BASIS WEEK ENDED MAY 11, 1962
'"" ~ ~rT~-7 ''*T 7" ". ~ira C7.Er -~: Pr"eeaaT"de-Trs rS "-- '
Classification S Pr ia j C W tZ s8C 1aid .1 B. :rc


Steer oeei -
Choice


Good


Heifer beef -
Choice

Good


Cow beef All weight
Utility
Canner and Cutter
Lamb Old Crop
Prime 55-4
45-,
55-6
Choice 35-4
45-,
55-(
Fresh pork -
Loins 8-1


41.75-42.00
41.50-41.75
41.00-41.25
38.00-40.00
38.00-40.00
38.00-40.00

41.50-42.00
41.50-42.00
38.50-39.25
38.50-39.25

29.00-29.25
29.25-29.50

39.00-40.00
37.50-38.50
35.00-37.00
39.00-40.00
37.50-38.50
35.00-37.00


2L 39.50-40.50


40.50-41.50
40.00-41.00
40.00-40.50

39.50-39.75
39.50-39.75

40.25-41.00
40.25-41.00
37.75-39.25
37.75-38.00

27.75-28.00


40.00-41.50*
40.00-41.50*
36.00-36.50*
40.00-41.50*
40.00-41.50*
36.00-36.50*


41.00-41.50
40.75-41.00
40.50-40.75

38.75-40.00
36.75-38.75

40.75-41.00
40.75-41.00
38.25-38.75
38.25-38.75

28.25-28.50
28.75-29.00




38.25-39.25
37.25-38.25
34.25-35.75


- 38.75-39.50


43.75-44.25
43.25-44.00
43.00-43.50
39.00-42.00
39.50-42.00
39.50-42.00


43.50-44.00
43.00-43.50
42.50-43.00

40.00-42.50
39.50-41.50


-- 43.50-44.00
-- 43.25-43.75



-31.00-31.25
-- 31.00-31.25


40.00-42.00
39.00-40.50
37.00-38.00
40.00-42.00
39.00-40.50
37.00-38.00


44.00-46.00*
42.00-44.00*

44.00-46.00*
42.00-44.00*


-- 41.50-42.50


* Spring lamb.


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


500-600#
600-700
500-600
600-700


its -


5#
55
5
55

55






BOSTON WOOL MARKET REVIEW


Supplies of greasy domestic worsted wools in
the Boston market were very small. Prices con-
tinued steady to strong.
Turnover of woolen wools was limited at steady
rates while sales of noils sold at firm prices.
Trading was active in the fleece wool States
on medium wools. Twelve and eight months wools
continued in demand and sold readily in Texas.
Activity in the territory States was a little slow.
Midweek cables from Australia indicated a poor
selection with most offerings "B" and "C" fault
wools. The market was firm with Japan and the
Continent the principal operators. The New Zealand
market was firm as Continental buyers and Bradford
dominated the trade. South Africa continued firm
with Japan, United States and the Continent active.
The South American markets were quiet with Argentine
carpet wools weaker.
Fleece Wools Graded 56/58s good French comb-
ing and staple fleece wool sold from $1.071-1.09
clean basis while medium grade combing wools with
baby combing included sold at $1.07 on a core test.
Country buyers were paying mostly 51-52# to the
growers for medium wools. About 856,000# of medium
grade wools sold at Staunton, Virginia ranging from
58.520-62.15 grease basis to the warehouse.
Territory Wools Range sales follow: Graded
64s good French combing and staple territory wool
sold in Colorado at $1.22 clean basis delivered
East while graded half-blood brought around $1.15
and graded 56/58s brought around $1.09 and 50/54s
$1.07 clean basis, delivered. Original bag bulk
5/8s and 1/2 blood sold at a range of 48-553 f.o.b.
Original bag bulk 58/64s sold in Montana at grease
prices ranging from 42.500-52.620 and were esti-
mated from $1.06-1.15 clean. Approximately 36,000#
of bulk 60/58s sold at sealed bid at 54.400 grease
basis and were estimated to cost $1.26 clean basis,
delivered. Original bag bulk fine wool sold in
Wyoming at grease prices ranging from 49.150-52.70#
f.o.b. and were estimated to cost from $1.14-1.26
clean basis, delivered East. Mixed clips in Utah
sold around 490-51-i grease basis and estimated
around $1.22 for fine, $1.15 for half-blood and
$1.10 for 5/8s clean basis, delivered East. Sealed
bid sales of bulk fine wool in Roswell, New Mexico
brought grease prices ranging from 450-61-5/8#
and were estimated to cost from $1.25-1.55 clean
basis delivered while sales in Artesia brought 45#-
590 grease basis and cost clean around $1.15-1.25
delivered. In Oregon the Roseburg Pool 85,000,
bulk 1/4 at 55.27#, the Medford Pool 50,000# bulk
5/8s 55.58#, the Primeville Pool 40,000# bulk 1/4
and 5/8s 54.15#, the Lakeview Pool 45,000# mixed
wool 50.16# delivered Portland. The Coleville Pool
35,000 bulk medium wool 48.784 delivered East, two
ranch clips totaling 26,000;, bulk 1/2 blood 45.750
and 46.750. Buyers were paying 500 for 12 months
medium Valley wools and 450-460 for lambs wool.
Texas Wools Trading was active in Texas
with 12 months wool at $1.25-1.30 and $1.07-1.15
for 8 months wdol. Mixed wools for grading use
sold in North Texas at 40#-45# grease basis.
Mohair Occasional small lots of mohair
brougEEU 1 for adult and 911#-31.01 for kid
i# to the warehouse while straight id sold at


Foreign Wools Cabled reports 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
$1.21 452
1.18 455
1.15 454
1.12 455


$1.11
1.04
.99
.91


New Zealand
Oil-combed
854 $.86
100 .81
107 .77
114 .75
128 .75


South Africa
Oil-combed Scoured Yields


7
8 -
12 -
47 -


$1.15
1.12
1.12
1.15


48 -
52 -
55 -


$1.11
l.u
1.11
1.10


$1.05
1.01
1.00
.95


Montevideo Super Skirted Wools
60/64s $1.05-1.07 60s $1.05-1.05
60/58s .99-1.01 58/56s .97- .99
56/50s .96- .98 50s .94- .96
Carpet Wools A scoured B. A. March wool
sold for shipment around 64# clean fibers
present. Greasy Buenos Aires March 2nd clips
were quoted at 640, November wools at 66#-670,
fleeces at 735-74# and 56/40s lambs wool at 65#
while greasy New Zealand fleeces were priced at
71#, early shorn and second shear wool at 68#
and crutchings at 64#, all clean fibers present
for shipment.
Woolen Wools Sales follow:

Scoured Pulled Foreign
N. Z. 56/58s ave. li" ch. wh. $1.10
Noils
Clear Aust. 64s nobles $.89
Semi-clear Aust. 64s nobles .87
Good Aust. 64s nobles .85
Clear N. Z. 50s X-bred nobles .72
Clear Cape 64/70s schlums. .71
Good dom. 56s nobles .59
Wool Tops Trade was moderately active.
Quotes follow:
Warp Aust. D/C Warp Dom. D/C
70s $1.97 .92
64s 1.86 1.81
62s 1.79 1.74
60s 1.72 Nominal 1.66
58/0s 1.62 1.56
Oil-combed Territory Fleece
58/60s $1.60 $1.54 --
56s 1.51 $1.48
50/56a -- 1.48 1.45


CLOSING FUTURES QUOTATIONS May 10, 1962
(Furnished by the Wool Associates of the New
York Cotton Exchange)
May wool tops $1.655 B
July wool tops 1.651 B
May wool 1.279 N
July wool 1.244 B








THE LIVESTOCK AND MEAT SITUATION


Approved by the Outlook and Situation Board, May 1, 1962


SUMMARY

Cattle prices, which are now near their high for the year, likely will
decline gradually the next two months but are not expected to break as sharply
as they did a year ago. Hog prices probably will show some improvement start-
ing in late May, and are expected to work closer to year-earlier levels by the
first of July. The spring lamb marketing season will be in full swing by mid-
May with prices significantly above last year.

Prices of all livestock are expected to decline seasonally the last half
of this year. Lamb prices likely will continue above last year's prices
throughout the remainder of the year; hog prices are expected to hold near last
year's level through the summer but will drop somewhat below year-earlier prices
in the fall; and beef cattle prices probably will drop below year-earlier levels
at the peak of the fall marketing season in October and November.

Red meat production in the first quarter of 1962 exceeded last year's
first quarter output by 4 percent. Pork production was up 5 percent; beef
production was up 3 percent; lamb and mutton production was equal to last
year; but veal production was down 4 percent. Domestic meat production was
supplemented by larger imports of meat during the first quarter of this year
compared with a year ago. The increase in imports was mainly in processing
beef and mutton.

Cold storage holdings of meats at the end of the quarter were up some-
what from a year ago. However, the bulk of the increased production and imports
went into domestic consumption, resulting in an increase in per capital consump-
tion of meat over a year ago.

Per capital supply of red meat was 4 percent above last year for the
quarter. Choice steers at Chicago averaged about 2 percent higher, slaughter
barrows and gilts averaged about 6 percent below last year, and old crop lambs
averaged about 3 percent under the first quarter of 1961.

Beef production during the second quarter of this year is expected to be
about equal to first quarter production but down about 4 percent from a year
ago. Pork production will decrease seasonally from April through June but will
remain above a year ago. On the other hand, lamb and mutton production will
not only be down seasonally from the first quarter but will be down sharply
from the high level of production maintained during the second quarter last
year.


Economic Research Service.




UNIVERSITY OF FLORIDA
II 2 I IIDIIll Il BDlliili 111111
3 1262 08500 5683
Postage and fees paid


U. S. Department of Agriculture
Washington 25, D. C.

OFFICIAL BUSINESS

Form AMS-5/15/62


Permit 1001.


University of Florida
Documents Librarian
11-4-59 The University Libraries
LS--L3 Oainesvllle, Fla.


SHEFP AND IAMBS: VEEKIY AVERAGE OF DAILY QUOTATIONS /
In dollars per 100 pounds

Kansas: F Nor
Classification : Chicago: Omaha: Kansas Fort :Denver: Ogden : Nort
S. City : Worth Portland
SLAUGHTER LAMBS: (Spring) 75-105#j
Prime May 12, 1962 ..... 20.80 21.10 21.61 20.12
May 13. 1961 ..... 19.62 17.68 18.50 -- 18.62 -- 17.97
Choice May 12, 1962 ..... 718.50 19.60 20.55 18.75 20.55 19.50
May 13 1961 ..... 18.94 17.08 17.75 17.40 17.70 17.78
Good May 12, 1962 .....1/17.05 -- 19.90 17.00 18.88 18.00
May 13, 1961 ..... 17.94 -- 16.50 16.00 -- 17.00
SIAUGHTER IAMBS: (Shorn) 80-110#
Prime May 12, 1962 ..... -- 17.95 18.00 15.62
May 135 1961 ..... -- -- 15.00 --. -- -
Choice May 12, 1962 ..... 17.55 16.88 17.62 15.25 15.58
May 13, 1961 ..... 15.25 14.30 14.00 12.15 14.82 -- 14.51
Good May 12, 1962 ..... 16.55 -- 15.00 -- 14.62
May 13 1961 ..... 14.28 15.25 13.00 10.75 15.80 13.50
EWES: (Shorn) 90-150#
Good May 12, 1962 ..... 4.50 4.88 5.52 6.55 6.68 5.00
Good & Ch. May 13 1961 ..... 5.25 5.20 4.22 -- 5.60 -- 5.50
Utility May 12, 1962 ..... 4.70 4.88 4.90 6.00 5.62 5.75
Cull & Util.May 13L 1961 ..... 5.02 4.10 5.00 4.50 4.05 .50
Cull MaZ 12. 1962 ..... 4.48 4.00 4.75 5.50 4.00 -- 2.50
FEEDER IAMBS: (Wooled) 60-804
Fancy May 12, 1962 ..... -- -- -- /1.50 -
Choice May 12, 1962 ..... /15.15 17.62 /12.50
Good & Ch. May 13L 1961 ..... -- 14.00 -- 11.50 13.75 -- -
Good May 12, 1962 ..... -- -- /15.05 -- 1.
1/ Wooled basis. 2/ Spring feeder lambs. 3/ Shorn basis.