Livestock, meat, wool market news

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Title:
Livestock, meat, wool market news
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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:
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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

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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).

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University of Florida
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oclc - 04512121
lccn - sn 87043107
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ddc - 338.105
System ID:
AA00008493:00043

Related Items

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

Full Text






MEAT


WOOL


EEKLY SUMMARY

AND STATISTICS


LIVESTOCK DIVISION AGRICULTURAL MARKETING SERVICE
U.S. DEPARTMENT OF AGRICULTURE
WASHINGTON 25, D.O.


Vol. 50, No. 34


August 21, 1962


Week ended August 18


Livestock Market Reviews . .
Livestock Market Receipts .
Feeder Statistics . .
Estimated Percentage of Feeder Cattle and
Slaughter Cows in Salable Receipts .

Steer Sale Statistics . .
Slaughter at Major Centers .
Estimated Slaughter and Meat Production .

Cattle Prices .
Hog Prices . .
Hog Purchase Statistics .
Sheep and Lamb Prices . .


Wool Market Review . .
Wholesale Meat Trade Reviews *
Wholesale Dressed Meat Prices .


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Special to this issue

Meat and Meat Food Products Inspected When Offered
for Importation, June 1962 . .
Meat and Meat Food Products Processed and Canned Under
Federal Inspection, July 1-28, 1962 . .
Storage Holdings of Meats and Lard, July 51, 1962 .
The Livestock and Meat Situation, August 1962 .
Percentage Distribution of Steers Sold for Slaughter at
Chicago, 1955-62 . .


Page

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MIDWEST LIVESTOCK REVIEW
and

RANGE AND FEEDLOT SALES


Slaughter steers sold 25#-$1.25 higher,
heifers 250-$1.00 up. The upturns were
prompted by broad demand and higher dressed
prices which more than offset the influence of
moderately increased receipts. Slaughter cows
were generally 25-500 higher. Fairly liberal
mid-August marketing feeder cattle and calves
sold steady to 50f higher. Barrows and gilts
were generally steady to 25# lower. Sows
steady to 500 higher at most terminals but
steady to 25# lower in midwest interior areas.
Spring slaughter lambs closed steady to $1.00
lower.

SLAUGHTER CATTLE AND CALVES The recent
upswing in cattle prices moved into high gear
this week despite a moderately increased supply.
Dressed meat prices advanced supporting the
upturn in live prices.The 7 markets received
71,505 slaughter steers compared with 66,564
the previous week and 82,535 a year ago, while
heifers at 30,520 head compared with 25,314 and
28,516. The average weight of steers at the 7
markets dropped to 1078#, this 55# below a year
ago and the lightest since September 1957.
Weight continued to be an important price de-
termining factor as the broad overall demand
centered on the scant volume of Choice and
Prime steers weighing above 1200#. Steers sold
254-$1.25 higher, mostly 50f-$1.00 up with
most advance on Choice and Prime offerings.
The average price of slaughter steers at the
7 markets reached $26.94, highest since the
summer of 1959. Slaughter heifers 254-$1.00
higher, here again Choice and Prime showing
the most advance with best outlet for weights
90Of and up. Cows also shared in the advance,
generally 25-50# higher, bulls steady to 500
higher. Vealers and slaughter calves steady
to $2.00 lower.
Slaughter steers: At Chicago Friday, load
Prime 1325# $31.50, high-Choice and Prime 1200-
1400# closed $530.25-31.25, mostly Prime $30.75-
31.25. Bulk Choice 1100-1400# $28.25-30.25,
900-11O0# $27.50-29.25, Good $24.50-27.00. At
other terminals high-Choice and Prime $28.50-
30.00, Choice $26.75-29.00, Good $23.50-27.25,
mostly $24.00-26.50.
Slaughter hefers: Couple loads high-
Choice and Prime 028.00 at Chicago, bulk Choice
$25.25-27.50, Good $22.50-25.50.
Slaughter cows: Utility and Commercial
$14.50-17.00, Canner and Cutter 412.50-15.50.

FEEDER CATTLE AND CALVES Receipts of
feeder cattle and calves at terminal markets
were fairly liberal for mid-August. The
seasonal increase in numbers was due princi-
pally to an expansion in the movement from the
southwestern and western plains areas. Market-
ings from the western and northwestern mountain


areas continued relatively small but at Sioux
City supplies included a few loads of Canadian
origin. These were among the first Canadians
to be marketed in this country this season.
There was little change from the previous week
in over-all quality. Good and Choice grades
predominated. Favorable pasture conditions,
ample supplies of grainfeeds and an upward
spiral in slaughter cattle prices in recent
months has encouraged a good demand for feeders
throughout the swuier. A further material up-
turn in slaughter cattle prices during the week
under review gave further impetus to the already
good feeder demand and in active trading prices
ruled unevenly steady to 50 higher and gener-
ally reached new high levels for the season.
One of the few instances where a divergent trend
was noted was at Wichita where Medium and low-
Good offerings sold 50f-$1.00 lower.
Feeder steers: Good and Choice 800-1050#
largely $23.00-26.00, few loads 800-925# $26.25-
26.75. Medium and low-Good 800-1000# sold from
$20.00-23.00. Good and Choice 550-750# bulked
$24.00-28.50, few loads Choice 550-575# $29.00-
31.50. Medium and mixed Medium and Good 550-
750# ranged $19.50-25.00, majority $21.00-24.50.
Feeder heifers: Good and Choice 525-750#
$22.00-26.00, few up to $26.75. Scattered
shipments Choice partly fattened 825-850# were
included at $23.50-24.50, load 780# $26.00.
Feeder calves: Good and Choice 350-550#
steers bulked $26.00-51.50, few loads Choice
400-472# $32.00-335.00. Good and Choice 550-500#
heifers $25.00-29.00, two loads 451# $29.85.

HOGS Terminal markets This week's 12
market supply of hogs at 268,000 head was
2,000 head short of the previous week but
14,000 above the corresponding week a year ago.
Compared with the previous week's close, barrows
and gilts were mostly steady to 25# lower. St.
Louis was an exception, generally 25-50f lower.
Sows were steady to 50# higher at most centers.
As in recent weeks, demand for barrows and
gilts centered on weights above 200#. Sows con-
prised 18 percent of the 8 market receipts.
Barrows and gilts: Closing sales on U. S.
1-2, 200-250# $18.75-19.25, No. 1-3, 190-260#
$18.25-18.75 and to $19.00 at Chicago and Omaha.
Sows: U. S. 1-3, 250-400# $15.75-17.50,
No. 2-3, 400-550# $15.25-16.25.
Feeder pigs at St. Paul were steady with
Choice 120-160# selling at $17.50-18.00. Sales
at Sioux City steady to 25f lower with Good and
Choice 150-160# at $15.50-16.75.
Average cut-out value advantage of U. S.
No. 1 over No. 3 live basis 200-2204 barrows
and gilts was $0.96 per cwt. based on wholesale
carlot prices of fresh pork cuts at Chicago
August 9 to August 15, 1962 inclusive.









Interior lowa-Southern Minnesota area re-
ceipts totaled 251,000 head, compared with
266,000 last week and 270,000 a year ago. The
week's price trend was 250 lower on both butch-
ers and sows.
Barrows and gilts: On Friday, bulk U. S.
1-3, 200-2401 barrows and gilts $17.00-18.00,
few mostly No. 1 $18.00-18.25.
Sows: U. S. 1-3 270-400# $14.75-16.50,
400-S5C0 $13.25-14.50.
Interior Illinois receipts at 95,500 head
compared with 86,500 the previous week and
82,100 a year ago. Barrows and gilts weighing
190-2401 predominated in supplies with near 75
percent weighing 200-23C0, sows comprised
about 10 percent of the run. late advances
only partially erased early declines and
barrows and gilts closed mostly 25f lower,sows
steady to 25# lower.
Barrows and gilts: On Friday, U. S. 1-53
200-2401, barrows and gilts mostly 17.75-18.25,
sorted No. 1-2 210-235# $18.25-18.50; 200
head sorted No. 1 200-230# $18.75-18.90. Sows:
U. S. 1-5 250-350W Z15.50-16.50; No. 1-3 350-
400# $14.75-15.75; No. 2-3 400-500# $13.75-
14.75; No. 2-3 500-600# $15.00-14.00.

SHEEP AND IAMBS The 12 market receipts
totaled 79,000 head, compared with 78,000 the
previous week and 98,000 last year. Spring
slaughter lambs closed steady to $1.00 lower,
the downturn despite a steady carlot lamb mar-
ket. Slaughter ewes and feeder lambs were
uneven, largely steady.
Spring slaughter lambs: Choice and Prime
80-110# closed at $21.75-25.00, Choice 80-110#
$20.50-22.50, Good and Choice $19.50-21.50,
mainly Good $18.00-20.00. Few Choice 80-107#
shorn with No. 1-5 pelts $20.50-22.00.
Old-crop slaughter lambs and yearlings:
Choice 90-110# with No. 1 and fall shorn pelts
$17.00-19.00, instances $19.50, Good and Choice
$15.00-18.00.
Slaughter ewes: Shorn, Cull to Good $3.50-
7.00.
Feeder lambs: At Denver, Choice and Fancy
feeders 69-94, $18.20-19.65. At other points,
Choice and Fancy $16.50-19.00, few $19.50;
Good and Choice 55-75f $13.50-17.00 except for
$17.00-18.50 at Sioux City and $12.00-13.00 at
Fort Worth.
Interior Iowa-Southern Minnesota area
sheep and lamb receipts totaled 12,900 head,
compared with 11,900 a week ago. Only fair
demand prevailed for the expanded lamb market-
ings and successive daily downturns brought
closing levels on spring slaughter lambs 50#-
$1.00 lower for the week. Slaughter ewes were
steady to 50# lower.
Spring slaughter lambs: Choice and few
Prime 80-110# delivered to packing plants
$20.00-20.50, high-yielding lambs to $21.00;
Good and Choice 80-110# $19.00-20.00.
Slaughter ewes: Shorn, Cull to Good
$2.50-5.00 late.


RANGE AND FEEDLOT SALES

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

ARIZONA, CALIFORNIA, EVALLA AND UTAH -
Slaughter steers and heifers moderately active
trading. Feeder cattle and calves steady to
50 higher, spring lambs steady to $1.00 lower.
Slaughter steers: California, 6,700 mostly
Choice 950-1200# $26.25-27.00, including 3,150
for September-October delivery; 6,000 Good and
Choice 850-1325# $25.00-26.00 with 2,000 in-
cluded for December-February after 120 days
feed; 1,500 Good 1050-1350# $24.00-24.85.
Arizona, immediate to early October, 2,200 Good
and Choice 975-1100- $25.75-26.25, 1,300 Good
to low-Choice 975-1050# $24.00-25.50. Utah,
Choice 980-1025# $25.50-25.75.
Slaughter heifers: California, Good and
Choice 750-975# $25.00-26.00. Arizona, current
to October, 1,650 Good and Choice 800-875#
$24.90-25.50. Utah, Choice 825-900# $25.00-
25.25.
Feeder steers and heifers: California,
1,400 Good and Choice, 625-675# steers $25.00,
575-625# heifers $23.00; 2,750 Choice 445-900#
steers $25.00-26.50, 2,750 Good and Choice 575-
900# $25.00-24.75; Choice 600-630# heifers
$22.00-22.75. Arizona, Good and Choice 600-650#
feeder steers for October $25.00-24.50. Cali-
fornia, September 10-October 15 delivery,l,425
Choice and Fancy 410-500.z steer calves $26.25-
27.50, 1,200 Choice and Fancy 410-500# heifer
calves $24.25; Choice and Fancy calves, steers
425-530# $26.00-28.00, heifers 425-525# $24.00-
26.00. Arizona, October-November delivery,
Choice and Fancy 375-450#, steers $27.50-29.00,
heifers $26.00-28.00. Nevada, Choice and
Fancy 500#, steers $28.00, heifers $26.00.
Spring lambs: California, Choice 94-96#
slaughter lambs No. 1 and 2 pelts $21.00-21.25
delivered, Choice 95-108# No. 1 and 2 pelts
$20.50-20.75. Utah, Choice and Prime 90-100#
slaughter lambs $22.25; 25,000 head 60-80 per-
cent Choice and Prime slaughter, balance Choice
and Fancy feeders $20.50-20.65, current to
October 1 delivery; Choice and Fancy feeder
lambs $17.50-18.25.

COLORADO, SOUTHERN WYOMING, WESTERN KANSAS
AND WESTERN NEBRASKA Slaughter cattle rather
active, steers 50-75# higher, heifers 25-50#
higher.
Slaughter steers: Colorado, 1,550 average
to high-Choice including a few Prime 1100-1400#
$28.00-29.00; 4,675 Choice 1050-1175# $26.50-
28.25; 725 high-Good and Choice 1025-1185#
$26.50-27.50; 100 Standard and Good 1125-1175#
$22.75-23.75. Western Nebraska, 275 mostly
Choice 1050-1175# $27.00-28.00. Wyoming, 125
average-Choice 1100# $27.75.
Slaughter heifers: Colorado, 3,650








average to high-Choice 825-1100# $26.25-26.85; slaughter lambs $18.50-19.00. 5,500 Cull to
2,500 mostly Choice 875-1000# $25.75-26.25, late Good 85-110# slaughter ewes No. 1 pelts $4.75-
sales mostly $26.00-26.25; 375 high-Good and 5.25. For September-October delivery: 52,000
Choice 825-975# $25.50-26.00. Good and Choice 60-75# whiteface feeder lambs
Feeder cattle: Contracts confirmed on $15.50-16.00; 20,000 Good to mostly Choice 62-
18,500 head at steady to strong prices. Wyoming, 78# blackface feeders $16.00-16.50, mostly
Gocd to mostly Choice 950# steers $23.75-24.25; $16.50.
Choice 675-750,': steers $24.50-25.50, bulk of Amarillo Area Slaughter steers strong t4
steers for September-October delivery. Western 50# higher, heifers steady to 25# up. Feeders
Kansas, Good to mostly Choice 900-9754 steers fully steady to strong.
$23.25-23.50 for September; Good and Choice Slaughter cattle: Steers, 500 Good and
725-775J steers $23.50-25.00; Good to mostly Choice 1050-1075# $26.25-26.50; 565 Good with
Choice 625-675# heifers $23.25-23.75, immediate few Choice 1000-1220Q $25.00-26.00. Heifers,
to September delivery. Western Nebraska, 435 Good and Choice 725-950# $24.25-25.00.
Choice and Fancy, mostly Choice 950-1050# Feeders: 60 Choice 800# steers $24.25.
steers $24.50-25.00 immediate to early-September;October delivery: 500 Choice and Fancy 700#
string Good and Choice 975# $23.50; Choice and steers $25.00; 5,000 Good and Choice 650-80Q#
Fancy 700-775# steers $26.00-28.00, few Choice $24.00-24.50; 800 Choice 600-650# heifers
$24.75-26.00, these September mid-October de- $23.00-23.50; 1,850 Choice 450-500# steer
livery; Choice and Fancy, mostly Choice, 625- calves $28.00-50.00, 400-45C0 heifers $26.00-
725-4 heifers $24.00-25.25 for up to mid-Septem- 28.00.
ber. Choice and Fancy 425-465# steer calves
$31.00-35.25, heifer mates $29.00-31.00, these OREGON AND WASHIM]TON Trading slow, all
contracts for mid-October early-November, classes generally steady.
Colorado, Choice 650-750# steers $24.00-25.50, Slaughter cattle: Steers, Good and Choice
few Good and Choice $23.00-24.00. Good and 950-1200# $26.50-27.75. Standard and Good 1050-
Choice 600-650# heifers $23.25-24.25. 1200# $22.50-23.00. Heifers, Good and Choice
Sheep and lambs: Sales confirmed on 850-925# $24.50-25.25.
18,000 head. Feeder lambs fully steady. Feeders: Washington, Choice 700-750#
Wyoming, Choice and Fancy 65-75Y white-face steers $24.50; mostly Choice 600-700Q heifers
wether feeder lambs $17.00-17.50, few bands $22.50. Mostly Choice 400-440# calves, steers
mixed wether and ewe lambs $18.00. Colorado, $27.00-28.50, heifers $25.00-26.50 for October.
Choice and Prime 87-94# slaughter lambs $21.50- Oregon, for September-October, Choice 625-800#
22.25 f.o.b. weighing point. Choice and Fancy steers $24.00-25.00; Choice 625# heifers
76-85# feeders $18.25-18.50 f.o.b. weighing $22.25; Choice and Fancy 360-450# calves,steers
point. Two-strings totaling around 12,000 $26.50-30.50, heifers $24.50-28.00.
mixed Choice and Prime slaughter lambs and Spring lambs: Choice and Prime 85-100#
Choice and Fancy feeder lambs, for late August- slaughter $19.50-21.25.
September delivery, contracted on the Western
Slope at $20.00. MONTANA AND NORTHERN WYOMING Feeder


NEW MEXICO, WEST TEXAS, WESTERN OKIAHOMA,
SOUTHWESTERN KANSAS Clovis Area Trading
active. Slaughter steers and heifers steady to
mostly 50 higher, feeder cattle and calves
fully steady. Slaughter and feeder lambs very
active, slaughter lambs steady, feeders strong
to $1.00 higher.
Slaughter cattle: Steers, Good and Choice
910-1250# $24.75-26.00; Good 850-107!# $25.50-
24.75. Heifers, Good and Choice 650-850#
$23.50-24.50.
Feeders: 700 Good 625-675# steers $23.00-
23.50; 275 Medium and Good 525-560# steers
$22.25-22.50; 200 Good and Choice 575-450#
steer calves $26.00; 1,325 Medium and Good
350-400# heifers $23.50-24.00. For October de-
livery, 2,200 Good and Choice 550-650# steers
$24.50-24.75; 200 Medium and Good 500-550#
steers $23.50; 250 Good and Choice 475-550#
heifers $22.50-23.00; 900 Choice and Fancy 550-
425# steer calves $31.00-32.00; 6,100 Good and
Choice 550-450# calves, steers $29.00-50.00,
heifers $27.00-28.00.
Sheep: 2,250 Good and Choice 80-90#


cattle active, strong to 50# higher, calves
strong; lambs fully steady. Bulk sales Septem-
ber and October delivery.
Feeders: Montana. 250 high-Choice and
Fancy 625-700# steers $26.50-27.00: 3,500
Choice yearlings, 750-800# steers $25.00-26.00,
650-750# heifers $25.00-24.00; 700 Choice 700Q
steers $25.00; 1,500 Choice and Fancy 900-925#
steers $24.00-24.50. Wyoming, 800 high-Choice
700# steers $26.50; 2,200 Choice 675-750# year-
lings, steers $25.00-25.50, heifers $25.50-
24.00.
Feeder calves: Montana, 200 Fancy 400-450#
to repeat buyer, steers $34.00-35.00, heifers
$52.00; 7,900 Choice and Fancy 400-500#, steers
$29.00-33.00, heifers $26.50-29.00. Wyoming,
3,300 Choice and Fancy 400-450#, steers $30.00-
33.00, heifers $28.00-30.00.
Spring slaughter lambs: Montana, 250
Choice 109# $20.50. Wyoming, 5,000 Choice 80-
95# comprised of 50-50 percent Choice feeders
$19.50-20.50. Feeders, 30,000 Choice and Fancy
80-90# blackface $18.00-18.25; 4,400 Choice and
Fancy whiteface wethers $17.00-17.50; 900 Choice
whiteface ewe lambs $18.10.


I







1WEKQx RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS
----------^ -------------------- Z11BC 11 S s rtu^
Catt le Calves I "P_ fe s lab
Market sAug. 18 Aug. 19 9 Aug. 18 Aug. 19 Aug. 18 tAug. 19 1 Aug. 18 1 Aug. 19
1962 1 k.l 1962 t 1961 t 1962 1961 : 1962 2 1961
Chicago ....... 55,253 38,742 62 127 25,2 24,9 3,188 4,720
Denver ........ 7,945 U11,11 109 127 4,545 4,284 19,109 21,386
Fort Worth .... 7,972 9,717 1,683 1,282 1,629 2,014 6,861 8,750
Indianapolis .. 8,054 7,712 416 611 50,660 51,370 3,635 3,974
Kauas City ... 22,815 17,159 1,521 1,502 15,951 14,599 4,855 5,074
Oklahoma City 14,698 9,372 1.,075 812 5,115 35,469 1,157 1,364
OBmha ......... 53,6'02 35,85. 652 424 37,505 55,575 9,062 12,366
St. Joseph .... 15,665 14,786 496 310 22,021 17,807 4,629 5,260
St. Louis NSI 16,589 15,491 2,645 1,884 42,260 45,864 5,762 7,516
Sioux City .... 27,902 29,655 1,296 914 28,695 26,471 5,819 7,082
Siox Falls ... 8,663 9,474 17 200 16,002 15,837 7,957 10,617
So. St. Paul .. 21,216 21,466 5,122 5,707 40,170 58,622 8,602 9,685
Total ....... 22Ls,154 220,564 14,092 11,900 267,954 254,151 78,596 97,574
A'-Ui--------- 4------------ 2269,51-------0 -77,792--
jAuZ. IL 1962 192,_403 1 2Z91 269,510 7,792
IBTERIR I &C AND SOiTTH MINNESOTA Aug. 18, 1962 Aug. 11, 1962 Aug.19, 1961
Hogs ...... 251,000 266,000 270,000
Sheep ..... 12,900 11,900 8,800
INTERIOR ILLINOIS Hogs ...... 95,300 86,500 82,100
------- ----- ---- --b -- -- -- -- -- ---------- -----
F=D= CATTLEs AVERAGE COST, WEIGHT, AND NUMBER
t Week ended : Month
'Aug. 16 2 Aug. 9 Aug.17 ~ July S July
1962 1962 1961 t 1962 1961


Steers 1001? up .........
901-1000 .........
801-900 ........
701-800 ..........
501-700 ..........
Total steers 10 markets....
Av. vt. I ....
Av. cost.* ...U
SChicago ......
" Kansas City...
* 1Omaha ........
S S. St. Paul...
Sioux City....
Denver .......
S PFt. Worth ....
SO klahoma City.
S S. St. Joseph.
S St. Louis RST.
Total calves 10 markets..
' beifers "
co ....


287
1,494
4,519
4,512
9,812
20,624
714#
$24.20
25.12
25.80
25.75
22.91
26.27
25.47
25.99
24.51
24.01
22.68
14,449
5,061
755


* Uot adjusted for differences in


267 273 1,059 1,292
1,640 1,703 6,334 4,401
4,366 3,846 12,148 11,555
5,139 4,666 16,700 14,608
9,742 10,920 31,458 30,061
21,154 21,408 67,699 61,917
721# 7'07c 720 71C0
$24.16 $23.00 $23.75 $21.55
24.90 22.87 23.72 22.03
24.06 23.28 23.75 21.70
24.65 23.47 23.97 21.87
23.05 20.67 21.57 19.58
25.73 24.06 25.38 22.30
24.28 22.51 23.94 22.10
23.89 22.19 23.42 21.30
24.00 22.51 23.42 21.07
25.85 22.92 23.34 21.55
25.34 22.41 22.74 21.27
9,357 10,573 49,566 356,170
4,075 3,711 14,089 13,166
559 657 2,544 1,814
grade of cattle sold at each market.


ESTIMATED PERCENT OF FEEDER CATTLE -AD SAUGkTR COS IN SALABLE RECEIPTS
lChi4 3lan.i S St. I St4 Si4o S.St.'Indian-'IDen- Ft. Okla. ich-. San
ekod osas omaaJoseph :is City P l apolis ver Worth City 'itas Antonio

Feeders
Aug. 17, 1962 2 45 9 12 15 50 10 12 25 70 80 56 75
Aug. 10, 1962 2 57 10 15 19 24 10 12 15 65 78 47 65
Aug. 18, 1961 1 57 9 18 15 29 5 6 7 65 70 53 50
-------- -- ------------L--- ---------- -- ----------- -
Slaughter oewe
Aug. 17, 1962 5 12 8 9 16 5 20 10 20 15 8 19 15
Aug. 10, 1962 5 11 8 11 14 6 20 8 20 20 10 22 17
Aug. 18, 1961 5 10 9 6 12 4 20 8 18 25 12 20 15







STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER ..

S Number of head Percent of total Average weight Average price in
G r by grades : (pounds) :dollars per 100 lb.
Grade --- -- -- --- -
Week ended
Aug. 16 : Aug. 17 : Aug. 16 :Aug. 17 Aug. 16 :Aug. 17 :Aug. 16 :Aug. 17
---------: -: 1 J6L :1962 __ .961 :1.2 1961 : 1962 1961
CHICAGO
Prime.......... 2,093 3,8e7 9.4 13.4 1,242 1,249 30.02 25.35
Choice......... 14,816 18,025 66.7 62.5 1,149 1,199 28.51 24.46
Good........... 4,617 5,385 20.8 18.6 1,007 1,068 26.35 23.57
Standard....... 529 1,434 2.4 5.0 997 1,008 22.87 22.30
Commercial..... -- -
U.til t -------- 154 230 .7 .7 1,008 966 21.05 21.02


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.....


22,209 28,951
OMAHA


10,100
7,602
550
68
18,655

233
6,751
3,517
387
68
10,736

124
2,766
1,683
342


4,915


-
1,679
5,675
376

27
5,757


205 1.8 1.1
11,263 54.1 62.8
5,423 40.8 30.3
947 2.9 5.3
90 .4 .5
17,928
-----O-- CIT!^ -
2.2 .3 -

8,039 62.7 63.9
3,606 50.9 28.7
750 3.6 6.0
143 .6 1.1
12,579

65 2.5 1.2
2,663 56.53 48.1
2,175 34.2 39.3
623 7.0 11.2

11 .2
ST. toi~r isT
----------*----


1,967
3,637
529

56
6,189


29.2
65.8
6.5

.5


w-
31.8
58.8
8.5

.9


1,124 1,170 27.96 24.32


1,214 1,225 29.09 24.54
1,095 1,159 27.48 23.86
1,056 1,059 25.59 22.87
1,055 1,030 22.67 20.94
988 919 20.70 19.24
1,071 1,121 26.60 23.43

1,246 1,201 29.58 25.02
1,098 1,193 27.50 23.94
1,020 1,081 25.56 22.96
1,000 1,052 22.56 21.11
876 959 21.07 19.71
1,072 1,150 26.59 25.48

1,045 1,116 28.56 24.84
1,054 1,130 27.16 24.50
995 1,013 25.55 23.22
1,054 1,011 21.89 21.40

1,036 19.48
1,021 1,070 26.28 23.59
a m m e m m -m m -- -


1,059
998
985

1,019
1,009


-
1,0853
1,009
985

875
1,029


27.44
25.78
22.98

19.60
26.15


24.48
23.33
21.71

19.68
23.56


----------- ----.-S--.---m- -mm---mm m-o--
Prime.......... -
Choice......... 5,474 4,112 48.8 58.0 1,086 1,133 27.27 24.28
Good........... 3,274 2,670 46.0 37.6 1,045 1,103 25.45 23.08
Standard....... 568 315 5.2 4.4 1,062 1,051 22.16 21.19
Utility........ -
All grades..... 7,116 7,097 1,066 1,118 26.19 25.71


Prime.......... 52 -- 2.4 -- 1,145 27.86 -
Choice......... 1,521 3,145 62.4 *3.9 1,060 1,159 27.55 24.66
Good........... 650 1,030 29.8 24.2 1,035 1,077 25.86 25.08
Standard....... 114 79 5.4 1.9 1,01? 1,028 21.27 19.67
Utility........ -. -
All gradesa....* 2 I17 4,254 1 052 1,157 26.61 24.21
Data collected by Statistical Reporting Service, and Livestock Division, A. M. 8.







WEEKLY SLAUGHTER UNDER FEDERAL INSPECTION AT MAJOR CENTERS


City or Area


Boston, New York City Area ....
Baltimore, Philadelphia .......
Cin., Cleve., Detroit, Indpla .
Chicago Area ..................
St. Paul- Wise. Areas .........
St. Louis Area ................
Sioux City-So. Dakota Area ....
Omaha Area ....................
Kansas City ...................
Iowa So. Minnesota ..........
Lou'l, Evan'l.Nashl*. Mphts ...
Georgia, Florida, Ala. Area ...
St. Jo'ph. Wichita, Okla. City.
Ft. Worth, Dallas, San Antonio.
Denver, Ogden, Salt Lake City .
Los Angeles, San Fran. Areas ..
Portland, Seattle, Spokane ....


SCattle Calves Hogs 'Sheep and lambs
' u ga8 1A 19 .A 1 -8 .9 T Au 9 AugT19 6 ug9 1 Au. 19
1962 1 1961 1 1962 : 1961 : 1962 1 1961 : 1962 1 1961


13,-59 11,975 11,915 12,329
8,230 9,204 1,743 2,045
21,359 20,882 4,765 5,182
18,032 18,080 6,418 5,027
25,107 29,046 9,655 10,599
12,244 11,856 1,820 1,951
51,564 27,647 --
41,898 39,203 84 118
16,445 14,971 -- -
35,146 32,437 6,244 5,594
7,841 7,499 3,597 3,001
10,854 9,409 5,586 4,658
21,511 19,207 1,258 1,064
11,820 12,492 3,767 4,508
25,429 25,583 150 165
26,942 26,768 2,012 1,057
9,271 9,476 599 301


54,976 38,915
26,785 26,059
129,814 107,942
47,999 33,658
93,578 85,566
67,559 72,564
81,952 85,610
71,780 67,501
30,729 28,280
220,889 216,488
51,984 47,744
20,248 21,177
58,881 52,169
15,597 8,675
14,972 12,512
25,815 29,398
14,958 17,671


52,279
3,854
14,535
10,209
8,058
5,767
10,429
15,406

25,674


6,520
58,655
40,846
28,996
15,269


56,095
4,E55
13,008
7,3352
10,633
5,295
11,502
15,006

27,703


8,517
57,798
47,852
32,180
11,3530


Total ...................... 336,550 56,975 986,5314 254,2355
525,715 57,557 927,509 267,106
Accumulation to date ..... 10,415,812 1,908,575 35,937,521 8,581,449
10,214,555 1,978,267 54,581,485 8,741 95



ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
----------- --- --- -- -- -- --- ----
Beef A Veal- (excl. lard). and mutton : Total : Total
Week ended Num- : m- L Num- : Num- m: meat lard
ro : d
her : Prod. : ber : Prod.: ber : Prod her Prd. : prod. prod.
0 m11------------ -O l.-b- 1-- mil.1b. T -i.1. 1b.-il-.1b.1


Aug. 18, 1962 ........ 415
Aug. 11, 1962 ........ 595
July 28, 1.?62 1/...... 406
Aug. 19, 1961 T/ ...... 593


258.2
229.1

254.0


10.9
10.5

11.2


1,150
1,140
1,084
1,090


160.1
158.7

152.9


12.6 421.8
11.9 410.2

12.6 410.7


55.1
55.4


Percentage change from
Aug. 11, 1962 ........ 5 4 6 4 1 1 6 6 5 --
Aug. 19, 1961 ......... 6 2 0 -3 6 5 -1 0 5 --
--------------------------------------a
SAveerage reg - -1 Laf ~

Week ended Cattle Calves Hogs anh e yield
S --"e-- .Ded ie per,
i- e i Dressedie Live D ess.ssed. Live Dressed. Live Dressed: 100 lb.


Aug. 18, 1962 ......
Aug. 11, 1962 .......
July 28, 1962 .......
Aug. 19, 1961 .......


990
1000
1020
1025


45 --
45 --
45 -
45 12.8


I/ Actual slaughter. 2/ Excludes lard.








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

Classification Aug. Aug. Aug. Aug. Aug ug. Aug. Aug. Aug. Aug.
18 19 18 19 18 19 : 18 : 19 5 18 19
.1962 t 1961 : 1962 : 1961 1962 1961. 1962 t 1961 1962. 1961
Slau-----------ter cattle--------------- calves and vea--------ler----------
Slaughter cattle. calves and vealers


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


Heifers -
Choice
Good
Standard

Cows -
Commercial
Utility
Cutter
Canner


29.40
30.20
28.02
28.52
25.55
25.02


700-900# 26.20
600-800 -
22.58


15.52
15.60
15.15
15.78


25.72
25.62
24.85
24.30
25.72
22.50


25.28

20.58


15.95
15.90
15.65
14.25


27.40
27.15
24.95
22.00


26.52
24.15
20.52


16.72
15.82
14.82
15.52


24.52
24.22
25.15
21.12


23.55
22.28
20.28


16.22
15.62
15.12
13.96


28.65
29.28
27.60
27.95
24.85
22.50


26.15
23.82
21.25


16.50
15.75
14.88
14.00


25.00
24.90
24.25
24.05
22.78
21.00


25.75
22.25
20.50


16.70
16.02
15.00
14.58


27.22
27.50
24.68



25.82





15.75
14.50
15.12


24.65
24.52
22.05
19.15


24.00

18.40



16.42
15.55
14.15


27.38

24.88
21.25


25.88
24.25
19.50


15.50
15.00
15.00
11.25


24.75

25.25
20.75


22.88
21.58
18.75


15.50
15.00
15.00
11.75


Bulls Trgse. 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 300-550#
Choice "
Good 300-500w
Heifer 500-500#
Fancy
Choice
Good

*Medium and Good.


19.60 19.50 17.50 17.88
19.35 20.00 18.00 18.22


25.00
21.50
19.00


25.00
25.50
20.50


23.00
20.50
18.50


24.50
22.00
19.00


18.00 18.92
18.50 18.90


25.00
23.25
21.00


19.25 19.75


25.00
25.25
20.25


17.75 -
18.25 19.75


26.50
25.00
22.00


25.00
25.50
20.00


Feeder cattle and calves


28.70
27.55
24.95


25.82
24.20


28.00
25.60


-- 25.00 25.62 25.50
-- -- 22.50 20.88* 25.50


- 51.00 -
29.25) 27.92
6.50)


32.00
29.75)
27.00)


25.58
25.75


26.10
25.25


25.75
22.75


23.62 24.75 25.75
20.50* 22.00 20.50


27.00


29.00) 29.25
26.00)


20.50
20.50


22.00 -
20.75 -




25.50
m""


- 27.75 29.25 -
25.58) 2485 27.55) 24.75 27 -
23.00) 24.85 24.50) 24.75 2750 --


24.25
21.50









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HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
------------^--- -- ^- -- -. -- ^_
S 2 St. : : : s 2 2 : Eight
s : Louis : Kansas: I Sioux tS. St. I S. St.'Indian-: mkts.
Week ended aChicagot Nat'l.s City Omaha City 'Joseph Paul 'apolisa com-
s : Stock 1 : l s bined
l : Yards : : 1: t : :
AVERAGE COST Dollars per 100 pounds
Barrows Aug. 18, 1962.. 18.45 18.47 1..14 1- .: 18.23 18.15 18.19 18.49 18.33
and Aug. 11, 1962.. 18.81 18.88 18.59 18.93 18.78 18.75 18.64 18.94 18.81
gilt. Aug. 19, 1961.. 18.30 18.45 18.53 18.63 18.63 18.53 18.26 18.46 18.47
Aug. 18, 1962.. 15.82 15.73 15.80 16.02 16.01 16.11 15.85 15.54 15.88
Sows Aug. 11, 1962.. 15.92 15.77 15.98 16.04 15.97 16.08 15.96 15.46 15.92
Aug. 19, 1961.. 15.40 15.36 15.60 15.88 15.68 15.74 15.57 15.06 15.57
AVERAGE WEIGHT Pounds
Barrows Aug. 18, 1962.. 226 210 224 223 224 222 220 217 220
and Aug. 11, 1962.. 231 212 227 223 227 222 224 219 222
gilts Aug. 19, 1961.. 226 209 221 224 224 221 220 220 219
Aug. 18, 1962.. 394 401 400 384 376 367 373 423 386
Sows Aug. 11, 1962.. 388 404 401 Q_. 377 377 374 429 387
Aug. i9 1961.. 394 397 399 381 379 370 370 427 386
NUMBER OF HEAD -
Barrows Aug. 18, 1962.. 16222 36095 13647 26950 20045 1738B4 27839 25871 184053
and Aug. 11, 1962.. 17957 38357 14262 26790 19180 16084 29016 24707 186353
gilts Aug. 19, 1961.. 16681 37777 12603 22454 17865 13982 22354 25584 1-,9300
Aug. 18, 1962.. 5176 4400 1468 7865 6903 3428 6729 3420 39389
Sows Aug. 11, 1962.. 4763 3799 1395 8677 6587 3198 8483 3071 39973
Aug. 19 -1961". 4826 590 1252 E45 "? 5 2862 7240 3482 39238
SOWS Percentage of total
Aug. 18, 1962.. 24 11 10 23 26 16 19 12 18
Aug. 11, 1962.. 21 9 9 24 26 17 23 11 18
Aug. 19, 1961.. 22 9 9 27 29 17 24 12 19
I/ 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 2/ t Gross spread
---- ormargin 5/
Aug. 18, 1962............. $19.46 $18.72 $0.74
Aug. 11, 1962............. 20.06 19.12 .94
Au. 19 1961 ............. 19.78 -- 18.48 1.30
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 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 t Corn 2/ : Hog-corn
Week ended : gilts l/ s No.3 yeTlow : price ratio
: Dollars per : Cents per : based on
: 100 pounds : bushel : barrows and gilts

Aug. 18, 1962 ......... 18.45 111.7 16.5
Aug. 11, 1962 ......... 18.81 108.1 17.4
Auc. 19, 1961 ......... 18.30 113.4 16.1
l/ Weighted average. 2/ Simple average.






BOSTON WOOL MARKET REVIEW


Little was done in greasy domestic comb-
ing wools as supplies were small in the Boston
market, prices held steady. Occasional small
sales of woolen wools and noils also held
steady. Demand was best for white lambs wools
grading 56/58s and finer as some woolen mills
had new orders for spring business.
Results of the sale at Albuquerque, New
Mexico showed approximately 816,'..U./ of origi-
nal bag, bulk fine wool at firm prices.
Many lots contained heavy seed and burr defect.
Sales in Texas were limited. Approximately
750,000., of new clip fall wool will be offered
on August 22 and 23 at Del Rio and on August 24
at Uvalde. There was no activity in the fleece
wool States.
The 1962-1963 selling season will resume
at Melbourne, Australia on August 20. At
Dunedin, New Zealand there was general compe-
tition in a firm to strong market. A sale was
held at Timaru on August 16. South African
auctions will resume September 5 at Capetown.
There were occasional small sales of 60s and
60/64s in Montevideo for shipment to this
country while Buenos Aires continued slow but
firm.
The Crop Reporting Board of the United
States Department of Agriculture announced the
average price received by farmers for wool on
July 15, 1962 was 45.70 per grease pound. This
compared to 46.40 for June 15, 1962 and 42.10
for July 15, 1961.
Fleece Wools There was little fleece
wool remaining on offer. Greasy off lambs
wools, including stained, gray, black of
various grades sold at 54# grease basis.
Territory Wools Approximately 816,000#
of original bag wool, bulk fine, mostly
defective seedy and burry, average to good
12 months wool sold mostly around $1.22-1.27
with a couple lots of poor style wool around
$1.12-1.15 clean basis and at grease prices
ranging from 40-510 while short fine wool at
351 grease basis was estimated at about 41.05
clean basis, delivered East.
Texas Wools Activity in Texas was very
slow.
Mohair There were occasional sales of
mohair last week at 48#E for adult and 8610
for kid hair to the warehouse with offerings
this week at 46-1 and 81# for adult and kid
respectively but sales were insignificant.
Foreign Wools Trade in spot foreign
wools was practically at a standstill. Very
small lots of Montevideo 60/64s super skirted
wools sold for shipment around $1.04-1.05 and
60s around $1.01-1.02 in bond, while small lots
of greasy Buenos Aires 40s lambs wool sold
for shipment around 60-610 clean wool fibers
present. Greasy 1962-1965 Montevideo super
skirted 60/64s were offered for November-
December shipment at 980, 60s at 95-96# and
60/58s at 940, all clean wool fibers present.


At the Timaru sale on August 16 good general
competition prevailed on fleece wools with
50s and coarser wools very firm while 52s and
finer grades moved in the sellers' favor.
Good style crutchings were very firm with
average to inferior types slightly higher
while pieces and bellies held unchanged with
United States buyers active at the sale.
Carpet Wools Turnover of spot carpet
wools was slow and trade was slow. Greasy
Buenos Aires carpet fleeces were priced at
71-72o, November wools at 66-67#, March
around 620 and 36/40s lambs wool about 65#.
New Zealand early shorn wools were scarce and
quoted at 67-68#, type 128 fleeces at 753 and
702/3 crutchings at 58#. A white Greek pulled
carpet wool was offered at 640 for shipment.
All above on a clean wool fibers present basis.
Woolen Wools Sales follow:
Scoured Pulled Domestic
56s 1I 21" white $1.10
Noils
Clear Aust. 64s nobles $.87
Clear Cape 70s schlums. .67
Clear Cape 64s .66
Clear B. A. 64s .54
Def. Cape 64s .54
Clear Monte. 62s .53
Scoured Pulled Foreign
N. Z. 56/58s 2 5" wh. $1.15
Scoured Shorn Foreign
For shipment
Aust. 60/64s locks and pieces $.82
Semi-clear Aust. 60/64s nobles $.80
for 'shipment
Clear Aust. 48/50s nobles $.69
for shipment
Wool Tops Most topmakers were awaiting
auctions to resume on August 20 in Australia
therefore trade in wool tops was slow. Prices
held steady but with less demand for domestic
54s fleece tops. Quotes follow:
Warp Aust. D/C Warp Dom. D/C
70s $2.01 $1.96
64s 1.90 1.85
62s 1.83 1.78
60s 1.75 1.70
58/60s- 1.66 1.60
Oil-combed Territory Fleece
58/60s .1.64 $1.58 --
56s -- 1.51 $1.48
50/56s 1.48 1.45

CLOSING FUTURES QUOTATIONS Aug. 16,
1962 (Furnished by the Wool Associates of the
New York Cotton Exchange)
October wool tops $1.665B
December wool tops 1.645B
October wool $1.247B
December wool 1.226B










WHOLESALE MEAT TRADE REVIEWS


LESS THAN CARLOT MEAT TRADE REVIEW

EASTERN SEABOARD Steer carcass prices
were 500-$2.50 higher, mostly $1.50 up. Cow
beef was 50-$1.50 up. Veal prices were mostly
$1.00-2.00 higher; lamb steady to $1.00 higher,
while the major portion sold $1.00 lower at
New York. Pork loins were generally $1.00-3.00
lower along the seacoast but were $1.00 higher
at New York.
Prices were $2.00-3.00 higher for kosher
steer forequarters; lamb steady to weak. Bulk
veal and calf sold steady, instances $1.00
higher.
Supplies of steer and cow beef as well as
pork were moderate. Veal, calf and spring
lamb near normal. Trading was moderately ac-
tive to brisk for steer beef. At New York re-
tailers were very aggressive for steer cuts
which generally sold at prices higher than a
week ago. Outlet was fair for cow beef. Veal
and calf hindsaddles sold at a fair pace, but
activity lagged for foresaddles. Supplies of
Choice and Prime veal carcasses were scarce.
Outlet was fair for lamb. However, at New York
some chain accounts were active on lamb hind-
saddles and in view of slow trade for fore-
saddles scc-imulatiorns were only moderate at
the close. The pork trade was only moderately
active, but below normal supplies cleared
promptly along the Eastern Seaboard.

CHICAGO Steer and heifer beef sold
$1.00-2.00 higher, veal and spring lamb steady,
pork loins 8-19-. $1.00-1.50 higher, Boston
butts 4-.- $1.00-1.50 lower, spareribs .': down
500 lower.
Fresh meat supply was moderate during the
current period. Steer and heifer beef largely
Good to average-Choice quality, with weights
under 7-Y-CL comprising the bulk of the steer
supply. More heifer beef under 700, appeared
on the market than normal. While a few more
spring lambs 5E-'5- were available, bulk still
consisted of FS-55e carcasses.
Carcass beef trade generally ruled moder-
ately active but primal cuts again accounted
for most tonnage leaving wholesale houses.
Arm and squarecut chucks, ribs over &Cq' and
loins over EO0 met a good demand, latter items
short in some instances. Other weight ribs,
loins and rounds were less active but usually
had adequate outlets. Veal trade moderately
active, Good to Prin 90- and heavier first to
clear. Demand was moderate for spring lamb.
Well balanced movement of forequarter cuts,
but hindsaddles on the slow side till late
when demand broadened. Fresh pork trade gener-
ally rather slow, upturning loin prices


primarily a result of higher costs at re-
placement level.

PACIFIC COAST Carcass steer and heifer
beef followed a bullish trend for the second
consecutive week influenced by higher replace-
ment costs and advancing midwestern prices.
Steer beef sold steady to 500 higher in
California, heifer steady to 250 higher,
both classes 500 to $1.00 higher in the
Portland-Seattle area. Cow beef was 500 to
$1.50 higher in Los Angeles, steady to strong
in other areas. Calf and veal held to a
uniformly steady to strong pattern but spring
lamb was quite irregular, steady to $1.00
higher in Los Angeles, 50# to $1.00 lower
in San Francisco and steady in the Northwest.
Fresh pork loins sold $2.00-4.00 lower in
California, steady to $1.00 lower in Port-
land and Seattle; other fresh pork steady
to $1.00 lower. Cured pork sold steady to
$2.00 higher, the most advance on hams in
San Francisco. Sliced bacon was generally
$1.00 higher in all areas.
Supplies of all meats were generally
moderate for trade requirements, hot weather
a factor in consumer demand in Los Angeles.


CARLOT MEAT TRADE REVIEW


CHIC'C., IiE:.?., OMAHA, NEW Yr-a: AND
PHILADELPHIA Demand was good and prices
advanced on steer and heifer beef again this
week. Trading was mostly active. At some
shipping centers prices reached the highest
level in three years. Supplies were fully
normal and larger than the previous week.
Steer beef sold $1.00-2.50 higher and heifer
beef was 500-$1.50 higher. Demand continued
good for cow beef and prices were steady to
$1.25 higher. Clearance was again good on
all beef offerings.
Supplies of carcass lamb continued
below normal. Demand was fairly good and
trading was moderately active with spring
lamb carcasses largely steady. Clearance
was good.
Supplies of pork products were about
like the previous week. Demand was moderate
and trading fairly active. Pork loins sold
500-$1.00 higher at Omaha and $2.50-3.E0
higher than the previous week's low close
at Chicago. Pork butts were 500-$1.00 lower.
Fresh hams sold 500-$2.50 lower. Pork
carcasses sold from 50W-$1.25 lower at Phila-
delphia and New York. Clearance was gener-
ally complete on pork products.








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

C New York Chicago San Francisco Los Angeles
Classification : --- : -- ------ ----
Aug.18 : Aug.19 Aug.18 : Aug.19 Aug.18 Aug.19 : Aug.18 : Aug.19
--- -- _1962-: 1961:1962 1961 -:- 1962 1961 -- 1962 1961
Steer beef -
Prime 700-800# 48.90 42.75 -- -- -
Choice 600-700 48.15 42.25 45.75 40.88 45.12 41.00 43.50 40.69


Good

Heifer beef -
Choice


700-800
500-600
600-700

500-600
600-700
500-600


Veal -
Prime 90-120C
Choice 90-120
Good 90-120
Spring lamb -
Prime 4S-55#
Choice 45-55
Fresh pork -
Loins 8-124
Butts 4-8
Spareribs 3# down
Hams, sink. skd. -
Cook before eating 12-16#
Fully cooked 10-14#'
Bacon, smoked, sliced -
If package (box lots)
Picnics, smoked (Cook
before eating) 4-8#t
Lard, 1) carton


47.90
44.75
45.00


59.50
50.70
48.20


41.25
40.75
40.25


56.00
47.50
43.50


45.50
43.75
43.50

44.75
44.75
42.50

56.00
52.00
48.00


39.38
39.25
59.25

39.C2
53.62
37.88

54.75
49.50
46.25


44.25
44.25
43.50

44.25
43.50
43.00



56.00


59.50
40.50
39.50

40.50
39.50




52.00


42.62
42.25
41.38

43.25
42.55


39.88
39.25
38.50

40.12
39.38


49.80 41.50 48.50 41.25 44.38 38.50 46.50 40.00
49.80 41.50 48.50 41.25 44.38 38.50 46.50 40.00


50.10
40.50
48.50


49.60
38.50
40.90


45.50 45.50
47.50 47.30


46.75
36.81
45.25


46.25
54.50
45.50


-- 47.75
53.00 52.25


55.00
43.50
51.75


53.00
41.25
52.50


52.50 49.00


50.50
40.58
49.50


53.00
40.00
51.00


48.50 48.50


57.50 37.00 57.50 59.50 60.00 60.50 56.50 59.50

33.00 33.50 36.00 56.50 36.25 35.00 32.00 35.00
13.50 15.25 14.75 14.75 17.50 17.75 15.75 17.58


BULK PRICES CAHOT BASIS WEK ENDED AUGUST 17, 1962
- -- -- -- ------ ----------- -a-d---- --------~riesrdIvrC~
Classification :P _r( ic ~es aC dF7OB -- -
StCeer Beef-7 - -gM-5Q -t -w-Yo- -T


Choice


Good


Heifer beef -
Choice

Good


600-700d
700-800
800-900
500-600
600-700
700-800

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


Cow beef All weig
Utility
Canner and Cutter
Spring lamb -
Prime 30-
45-i
55-4
Choice 30-
45-i
55-E
Fresh pork -
Loins 8-


its -


45
55
65
45
55
65


44.50-45.00
44.50-45.00
44.50-45.00
41.00-42.00
41.50-42.50
41. ,:-4 .50

43.25-45.50
43.25-43.50
41.00-42.00
41.00-42.00

50.00-31.00
30.00-31.00

45.00-46.00
45.00-46.00
45.00-4-. 00
4 5.C00-4-. 00
45.00-46.00
4 00-46.00


43.00-44.00
43.00-44.00
43.00-44.00
39.50
42.50
39.50-42.50

42.00-42.50
42.00-42.50
40.50
40.50


44.00-44.50
44.00-44.50
44.00-44.50

41.50-43.00
41.00-42.00

42.50-42.75
42.50-42.75
40.75-41.25
40.75-41.25


30.00 30.00-30.25
-- 30.0C0-30.25


4 3.5 0-44.50
43.50-44.50
42.50-44.50
43.50-44.50
43.5 0-44.50
42.50-44.50


44.50
44.50
44.50
44.50
44.50
44.50


45.50-47.00
45.50-47.00
46.S50-47.00
42.50-44.50
43.00-45.00
43.00-45.00


46.50-47.00
46.50-47.00
46.50-47.00

44.50-45.50
44.50-45.50


-- 45.50-46.00
-- 45.50-46.00



- 31.50-55.00
-- 31.00-31.50


47.00-48.00
47.00-48.00
47.00-48.00
47.00-48.00
47.00-48.00
47.00-49.00


47.50-48.00
47.00-47.50
45.00-45.50
47.50-48.00
47.00-47.50
45.00-45.50


.-- 45.25-45.75


Good


- 48.00-48.50


12# 46.00-46.50







MEAT AND MEAT FOOD PRODUCTS INSPECTED WHEN OFFERED FOR IMPORTATION
(USDA ARS Meat Inspection Division)
June 1962


Country of origin


Argentina ..............
Australia ..............
Brazil .................
Canada .................
Denmark ................

Germany ................
Holland ................
Ireland ...... .... .....
Mexico .................
New Zealand ............


Fresh meats and edblje_opfall_ -
Beef and Lamb and Pork
Veal : Mutton :

Pounds Pounds Pounds


34,540,756

2,212,440




2,434,563
3,027,598
12,449,468


6,198,916

2,522


4,159,7


1,810

99,979


S- el eats .


: Beef


: Pork


Pounds Pounds
-- 45,050 --
-- 8,625 --
-- 5,400 --
27 3,753 561,029


9,622
262
3,907


9,000
13,912


Paraguay ...............
Poland .................
Uruguay ................
All others ............. 4,526,455

Total June 1962 ... 58,991,258
June 1961 ... 54,663,258


32,490 --

6,335,717 4,182,639
9,684,847 2,970,040O


Refused or condemned:
June 1962 ... 144,928 65,778 3,140 1,380 3,104
June 1961 ... 91,726 11,320 150 30,334 --

^Canned meats Cooked Sausage General
Country of origin Miscel- : (Trichina : miscel- Total
: Beef : Pork : 1- beef h se Total
Beef : Pork : laneous treated) laneous
: : -
Pounds Pounds Pounds Pounds Pounds Pounds Pounds
Argentina ......... 6,012,771 -- 48,529 1,676,738 -- 692,429 8,475,517
Australia ........ 779,929 -- 41,528,226
Brazil ............ 1,583,815 -- 20,000 -- 178,080 1,787,295
Canada ........... -- 269,120 15,959 -- 8,581 174,678 7,407,789
Denmark ........... 39,360 6,518,490 888,407 -- 504,142 -- 7,750,399


Germany .........
Holland ..........
Ireland ... .......
Mexico ............
New Zealand .......


-- 66,568
-- 3,862,380


Paraguay .......... 1,557,977 -- --.
Poland ............ -- 2,476,250 269,904 -
Uruguay ........... 1,109,773 -- --
All others ......... 17,990 462,648 72,986 --

Total June 1962 11,101,615 13,655,456 1,395,171 1,696,738
June 1961 11,599,121 11,404,492 1,272,380 784,506


-- -- 1,557,977
-- -- 2,746,154
-- 6,720 1,116,493
23,257 14,068 4,972,770

365,904 1,088,575 99,475,419
357,667 496,143 93,853,448


Refused or condemned:
June 1962 96,476 150,935 11,733 -- 7,632 8,880 491,986
June 1961 55,991 157,780 23,125 -- 2,205 14 372,645
---*.--- -^- ------- ---w -------- ---- -----^*M -- ----- ----*--M------_------- ---W
Note: In addition to the above, imports of horse meat (in pounds) for June 1962 were as
follows: Argentina 885,461, Canada 504,116, Mexico 1,096,454. June 1961 -
Canada, 8,516, Mexico 33,000.


12,335

75,163
65,605


10,563

585,385
555,039


1,100
98,306


14,617
15,5307


91,907
3,976,255
2,440,280
5,036,598
12,585,759


22,400





651


MEAT AND'MEAT FOOD PRODUCTS PREPARED AND PROCESSED
UNDER FEDERAL INSPECTION


Week ended -------
Week ended --


: July 7 : July 14
: 1962 : 1962


July 21 :
1962 :


Placed in cure -
Beef / . .
Pork / . .
Other I/ .
Smoked and / or dried -
Beef / .. ..
Pork / .* *.
Cooked meat -


Beef. .
Pork. .
Other *


0* 0 0 *
. S .
. .
* 0 0 0 *
0 a & 0 *


Sausage -
Fresh finished. .


To be dried or semi-dried
Franks, wieners *
Other, smoked or cooked .
Loaf, head cheese, chili,
jellied products. .
Steaks, chops, roasts .
Meat extract. .* .
Sliced bacon I/ .
Sliced, other I/ / .
Hamburger .
Miscellaneous meat product.
Lard, rendered .
Lard, refined .
Oleo stock .
Edible tallow .
Rendered pork fat -
Rendered .
Refined .
Compound containing animal fat
01emnA a -e4a VI U


Canned product (for civilian,
use and Dept. of Defense),
Total _/ .


1,o00o

2,619
51,483
16

1,214
59,691


599
5,955
90

5,655
2,269
14,986
12,520

5,772
10,747
6
19,066
6,678
4,055
4,012
28,741
19,525
972
6,7'02

1,525
810
15,991
2,789

21,611


1,000#

5,257
63,776
15

1,554
48,911


858
4,709
81

4,469
2,644
16,484
14,702

4,527
15,257
58
22,658
7,682
4,852
5,148
55,785
22,965
1,284
8,085

1,646
755
15,562
5,563

54,204


277,697 542,608


1 r000# 1,0001


35,407
62,750
20

1,501
47,972

862
5,054
59

4,562
2,646
16,151
14,548

4,258
15,612
29
22,528
7,758
4,912
5,158
55,079
24,765
1,285
8,406

1,545
697
17,465
5,522

40,985


5,525
62,987
15

1,121
47,941

965
5,154
64

4,556
2,868
15,982
14,650

4,058
15,204
10
22,418
7,678
5,152
5,721
55,256
21,828
1,041
8,255

1,840
1,044
15,747
5,471

47,258


551,071 551,527
551..071 5512527


--------------------------------------
1/ This figure represents "inspection pounds" as some of the products may
have been inspected and recorded more than once due to having been subjected
to more than one distinct processing treatment, such as curing first, then
smoking, slicing.
- 2/ Includes sliced dried beef, sliced sausage, loaves, etc.
Meat Inspection Division, Agricultural Research Service.


Product


July 28
1962


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COLD STORAGE HOlDINGS OF NMEATS AND LARD, JULY 51, 1962


Warehouse stocks of meat and meat products totaled 449 million pounds on August 1.
This was a net reduction during July of 64 million pounds compared with a 52-million
pound decline a year earlier and the 5-year average seasonal decline of 61 million
pounds. Stocks were only 1 percent greater than last year and were nearly the same
as the 5-year average. August 1 stocks of cooler and freezer beef, at 122 million
pounds, were down 1 million pounds during July, compared with a 4-million pound
increase a year earlier. Total pork holdings declined 58 million pounds, compared
with a 51-million pound decline during July 1961 and the average reduction of 56
million pounds. Frozen pork totaled 204 million pounds, a decline of 53 million
pounds, while cooler pork, at 33 million pounds, was 5 million pounds less than July 1.


UNITED STATES STORAGE HOLDINGS OF MEATS AND LARD, JULY 31, 1962 WITH COMPARISONS
(Includes holdings in public, private and semi-private
cold storage houses and meat packing plants)

CPommdity July July June : July
Cmodity 1957-61 av., 1961 : 1962 s 1962
1,0-------00 lb. 10----------00 lb. 1,000 b. 1,000 b.


Beeft
Frozen .
In cure and cured


126,150
11,580


148,252
11,484


110,459
12,212


109,414
12,505


Total .


Pork, frozen:
Picnics

Bellies
Loins *
Jowls .
Butts .
Spareribs
Trimmings
Other park


* .


* a *
* S *


* a
* S *


Total . .
Pork in cooler
Dry salt bellies .
Other dry salt pork .
Other pork cuts .
Total . .
Total pork ..
Other meats and meat products:
Veal, frozen .
Lamb and mutton, frozen .. .
Canned meats in cooler:
Hams *.
Other meats . .
Total all meats .


157,710 159,756 122,651 121,717

8,128 4,709 8,805 5,903
58,688 27,650 41,529 55,853
50,108 33,787 91,355 63,231
1/ 9,384 15,377 12,326
I/ 4,974 6,615 4,288
I 5,147 6,760 5,536
V 6,450 11,394 10,088
1/ 15,507 19,021 16,157
78,799 47,673 56,626 52,505
175,923 155,281 257,480 203,667

8,902 5,878 6,581 5,611
6,511 5,408 5,220 4,916
50,518 22,558 25,770 22,692
45,951 55,844 37,571 35,219
221,854 189,125 295,051 236,886

8,596 8,959 6,929 6,211
14,454 24,809 14,693 12,821

2/(66,449 42,472 49,511 48,537
- ( 19,542 23,806 22,452
448,843 444,445 512,441 448,624


Lard, rendered and refined 5/ 109,666 126,900 105,500 4/
GOVERNMENT HOLDINGS 5/ -
Poark . 5,741 1,781 2,199 2,026
Beef . 3,059 2,102 1,636 1,588
1/ No historical data available. 2/ Includes other canned meats. 3 In dry and
Bold storage as reported by Bureau-of Census. 4/ Not available. 57 Government
holdings are included in the totals and conaist-of reported stocks-held by
U. S. D. A., the Araed Services and other Government Agencies.
Statistical Reporting Service Agricultural Estimates Division







THE LIVESTOCK AND MEAT SITUATION

Approved by the Outlook and Situation Board, August 9, 1962

SUMMARY

Supported by stronger demand, meat animal prices generally at midyear
were above a year ago. The index of prices received by farmers for meat
animals in July was 310 (1910-14-100), up 21 points from July 1961, and 6
points above January this year.

Seasonal increases in livestock marketings are underway. This year's
calf crop is expected to be 2 percent larger than in 1961, but most of these
animals will be retained on farms. The cattle and calf inventory is expected
to increase again this year--probably about the same as last year's gain of
2.0 million head. The 1962 lamb crop is forecast at 20.4 million head, down 4
percent from last year. The pig crop this year will be 1 percent smaller than
in 1961, if producers carry out reported intentions for fall farrowings.

Relatively stable fed cattle prices seem probable through the remainder
of the summer. Some moderate declines are expected in the fall, with prices
probably falling below those a year earlier by the end of the year. Third-
quarter marketing of fed cattle will be about the same as a year earlier, but
marketing are expected to increase this fall.

Feeder cattle and calf prices may ease downward slightly during the fall
but a sharp price break is not expected. Cow slaughter this summer and fall
is expected to exceed that of a year before, and prices will decline season-
ally. A significant decline in cow prices would put additional downward pres-
sure on prices of the lower grades of slaughter cattle and to a lesser degree
on prices of fed cattle.
Feed costs and the cost of feeder cattle were generally higher in the
1961-62 feeding season than a year earlier, but improved prices for fat cattle
resulted in higher average net returns. Prospects for profits in the coming
feeding season are below last year but about average for the last 8 years.
Prices for feeder cattle this fall probably will be close to those last fall,
although feed prices likely will be a little higher. Cattle feeding is at a
record level, however, and feeders are operating under the threat of possible
price weaknesses due to heavier marketing during the late fall and winter
period.

Hog marketing throughout this summer probably will be near year-ago
levels, but during the seasonally heavy slaughtering period this fall market-
ings will be under those of last fall. Prices will be slightly above a year
earlier this fall. However, this winter prices likely will drop moderately
below last winter--if producers carry out their plans for 2 percent more farrow-
ings for this fall's crop.

Marketings of sheep and lambs in the second half of this year will
probably be off somewhat more than the estimated 4 percent smaller 1962 lamb
crop would indicate. The average price paid to producers for lambs in mid-July
was $19.10 per 100 pounds, $3.10 above July 1961. Lamb prices probably will
continue to decline seasonally through summer but remain significantly above
last year through the rest of 1962.

Production of all red meat in 1962 is currently expected to total about
28.9 billion pounds or slightly over 1 percent more than in 1961. Prospective
increases are divided about equally between beef and pork. This increase in
output plus imports about equal to a year earlier probably will hold per capital
consumption very near last year's rate of 161 pounds per person.


Economic Research Service.












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UNIVERSITY OF FLORIDA

3 1262 08500 5782
Postage and fees paid.


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


OFFICIAL BUSINESS

Form AMS-8/21/62
Permit 1001.


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


SHEEP AND


Classification


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


:Chicago: Omaha K Fort Denver : Ogden North
SCity Worth Portland
- m m m m m m m - : : -- -


SLAUGHTER LAMBS: (Spring) 75-105#'
Prime Aug. 18, 1962 25.25
Aug. 19, 1961 19.88
Choice Aug. 18, 1962 22.50
Aug._19, 1961 18.50
Good Aug. 18, 1962 20.50
Auj. 19, 1961_ 16.40
EWES: (Shorn) 90-150#
Good Aug. 18, 1962 5.65
Good & Ch. Aug. 19, 1961 4.55


Utility Aug. 18, 1962
Cull & Util.Aug. 19, 1961
Cull Aug. 18, 1962


FEEDER LAMBS:
Fancy
Choice
Good & Ch.
Good


6.15
4.45
5.40


(Spring) 60-75#
Aug. 18, 1962 --
Aug. 18, 1962 -
Aug. 19, 1961 --
Aug. 18, 1962 -


22.25 22.38
18.28 18.35
21.60 21.50
17.28 17.15
20.55 18.75
15.72 15.48


19.75
15.42
17.00
14.62


5.45 4.50 5.50
3.52 2.50 5.25 -
5.45 5.25 4.75
3.52 2.25 4.75
4.70 4.25 4.25


18.25 -
16.50 15.19
14.15 -- 9.88
-- 10.75
------------


22.82 22.52
19.00 17.65
21.20 21.22
17.52 10.75
18.92 19.70
15.38 15.00


19.81
15.66 -
19.42
15.38
17.88
14.22


6.18 5.25 4.00
4.82 .50 2.88 -
5.25 4.75 4.25
3.55 2.75 2.50
3.75 5.50 5.25


19.25 19.12 15.62
17.88 18.12 15.00
14.15 15.12 11.00
16.00 16.00 --
------------