The beef cattle situation

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Material Information

Title:
The beef cattle situation
Physical Description:
30 no. : ; 28 cm.
Language:
English
Creator:
United States -- Bureau of Agricultural Economics
Publisher:
U.S. Dept. of Agriculture, Bureau of Agricultural Economics
Place of Publication:
Washington
Publication Date:
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Cattle trade -- Statistics -- Periodicals -- United States   ( lcsh )
Beef cattle -- Marketing -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
serial   ( sobekcm )
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )

Notes

Statement of Responsibility:
United States Department of Agriculture, Bureau of Agricultural Economics.
Dates or Sequential Designation:
BCS-1 (Jan. 1937)-BCS-30 (June 1939).
General Note:
Title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 004884315
oclc - 01642425
Classification:
lcc - HD9433.U5 A2
System ID:
AA00008540:00001

Related Items

Succeeded by:
Hog situation
Succeeded by:
Sheep and lamb situation
Succeeded by:
Livestock situation

Full Text
Id
9


Ip.. ..


UNIT ED


STATES DEPARTMENT


Bureau of
I


ir.,
H.

~r.. %. H I:
II...


~1'
HE.:,,. I


Agricultural
Washington


OF AGRICULTURE
Economics


October


19, 1937


THE


BEEF


CATT


TUAT I


N-
N


Summary


With


larger feed-grain


production


this


year than


last


, the number


proportion of cattle to

considerably in excess


marketing


be fed


this


the number


of grain-fed cattle


winter


and spring


and proportion fei


in 1938. will


probably w

d in 1936-


ill


be much larger than


be

Hence,


1937,


according


the Bureau


of Agricultural


Economics


prices


of the better


grades


of slaughter cattle


are expected


to decline


more


than


the usual


seasonal


amount


in the first


half


of next


year.


prices


paid


cattle


in late September


reached


the highest


level


for the month


on record.


At $19.90


per 100 pounds,


prices at


Chicago were eacccded


only


in the


period from December


1918


to April


1919


and in Novomber


: this year,


both


and Decembeor 1

absolutely and


919.


The high


relative


prices


to prices


paid for

r lower


the bos

grade s,


grades


were due


principally to


the short


supplies


of well-finished,


grain-fed cattle,


Prices


Sept ember


Prices of


of the lower


as a result


nearly


grades


a seasonal


all kinds


if slaughter

increase i


of cattle declined in


cattle


declined


n marketing


the first


some


of such


half


what in

cattle.


of October,


4. In fl -Y -. i-fl .- Sir 'I. n -. a- an .-. F.-.


I.
'-~1"-~


~,,, r,


n rr;






B og-b


Mark et ing s


cows,


hoifors,


cal vc s


1938


probably will


smaller


than


in the present


year


because


the tendency for restocking


many areas.


Prices


of the


lower


grades


of slaughter


cattle


are srpocted


advnnco


spread


seasonally in


as high

between


the first


as or higher than


prices


half


that


of the better


of 1938,


in 1937.


grades


and lower


average


present

grades


for the year


unusually wide-

of slaughter


cattle


probably will


be narrowed considerably in


the next


months.


Slaughter


supplies


of both


cattle


and calves


in 1938


are expected


be smaller


than


in 1937,


with


most


of the


decrease


occurring


in the first


half


of the


year.


Average


live


weight


of cattle


slaughtered,


however,


will


be somewhat


heavier


than


in the


present


year.


REVIEW OF RECEIIT


DEVELOPMENTS


BACKGROUND


Cattle


prices


recovered


rapidly


in 1934


and 1935
Largely


from the


czuso


dopression-low


inor


levels


eased marketing


of 1933.
of grain-fed


cattle


in the first


half


of 1936,


prices


of the


better


grades of


slaughter cattle


declined


sharply in


that


period.
power,


With


however,


continued


prices


improvement
f all grades


in consumer purchasing


of cattle


advanced


from mid-summer


1936


to mid-summer


1937.


T~p pre es


Sent nober


hi ghecst


since 1919 "


a result


of continued


scarcity


of well


-finished


cattl


, prices


the b


ctter


grades


advanced fourth or


in September


from the relatively


high


levels
$19.90


reached


A gust.


unds


in late


ices


paid


September,


for cattle


which


at Chicago


was the highest


reached


price


paid at


that


market


for the month


on reco


rd and


was exceeded


only in


period


from D


cccmb er


19Th


to April


1919


and in November


and Dec cb or


1919.


Somec


recession


occurred


in early Octobor,


however,


in the


prices


the bettor


grades


of slaughter


average


price


cattle


of choice


as wel l


and prime


as in to


grade


prices


slaughter


of nther kinds


steers


of cattle,


in September


was the


hi ghost


a'


since


1928,


when


the peak


of the


p rovio us


catt io


price




glu ~i HNNN NNNNNEN :Hiug gi ggggggg';ii iii iguii igg" g iii iiugggg "i iHujggH ggg ii ii ggg "


and prices


of the lower grades


of such cattle d


of slaughter
declined about


cattle were


seas onal l


-3ertb., 21hzi


slaughter ste ers


J5oc


cnts


lower


than $2.50


than


ihighor than


cont inued


averaged


and abo


in early


$10.40
ut 50


Octob or.


Prices


in Spt ember


loner
earlier


9


thaR


which
n in


and was


was abuut


July,


but w


the highest


average


priae for


such


cattle,


with


cxcepti on


July


and August


sine


1930.


slaughter
in August


steers


and $3.25


at Chicago


a year


pr iceB


of choice


$9.37


and prime, a
in September


The spread


common


So mpir ed


radio


with


year was


largest


for all months


in the 16


years


of record.


Prices


COWS ,


in September,


hcifors


but prices


and stocker


of veal


and f oeder


calves


cant t


advanced.


A31 th o u ~


oclined
prices


of sticker


considerably


and fee
Sept emb

Cattlo


and fee dr


higher


dor steers,


or this y

slaughter


oar


cattle
than a


year


tc 800


compared


orncos


ear lior.


pounds,


with


$6.21


Prices


Sept cmb cr


cattle


city in,


1936.


were


cf good and cho


Cad1


slaug


htcr


in September was


sca s onal ly


rger


than


in A


ust.


numb er


of cattle


slaught ercd


under


Fc deral


spo ct br.


Septu mbcr,


totaling 939,000
cent smaller than
1f j when drought
areas. Inspeote
slightly smaller


a year


earlier.
ber wore


arger

From


than


he ad,


+


d calf


than


wacS


7 purcernt
large


in August


Although


small lr or
the


January


slaught er
n those cf
average


Juile


supp lies of bath 9 ate and calv
a year earlier, they wcre still


for the month.


this year cattle


larger


z2ialri


than


ccitt].


in A
that
e fro.


e frCl


imrportaznt


,000


producing
head, w.a


large


as the unusually


mnrket ing s


from


acre~


the Western


sl aught cr
Corn Belt


of the first
and uuch of


nai f


of the Great


Plains


since
following


the 1936
Southwest
however,


drought


'nero


continued on


large.


and with


compared with


1936,


prosp


a fairly wide scale,


With generally


cots


for greatly


inrproved


incr


and supplies


pasture


eased


groatly


and range


grain


reduc ed


S.o


conditions,


product ion
.d slaughter


Sane~


of 1936,


J --


Marketing


September,


decline was


at Chicago


in August


y during


in Sopteimbri'


aen t s


cf medium gre.de


a year


The spread between


averaged
earlier.


somewhat


in Soeptomoor


declined,


SUci-


incroasod
-- --


averaged $8.46 at Kansas


still


st ack r


Cseasonally


in September


tho unusually


force


d. the sale
slaughter


slaughter


ugust, but was 12 per-
occarred in Septebaer


opt enber
s about


t han


, totaling
3 percent


1924-33


through


smaller than that


g t.d..
consider-


slaughter was


nearly a


of 1936,


fc rced market in


;


*


~3~i~~o


~E.1


Fron







BCS-10


Western Great Plains and


southern


Texas


continue dry


Rainfall


in September


was much


less


than normal


in large


areas


the Western


prevailed


Great


Plains


in the


last


and southern
few months.


Texas,


where


extremely dry weather


In the Northern Great


Plains,


north-


west ern


Texas,


and eastern New


Mexico,


however,


the amount


of rainfall in


September was above


-normal.


Good,


general rains


are needed,


nevertheless,


in most


sections


from


the lower


Missouri


Valley to


the Rocky Mountains,


particularly from


Texas


northward


to South Dakota.


Although


conditions


in the Great


Plains


and part of


Western Corn


Bolt


have'


boon hot


and dry this


year,


rang os


pastures


in most


Western cattle


States


have


boon batter this


year than


last,


and much bettor


in the States


that


suffered most


from


the 1936


drought,


except


in restricted


areas.


Pastures


are very poor


the Sand Hills


area


of Nebraska,


and hay


and food supplies


in that


areao


will


smaller


than in


either


of the drought


years


1934 and


1936.


West rn


cattle,


however


, arc reported


to be generally


in good


condition except


in local


areas,


Cattle


shipments


in September were


largo


from Texas


Colorado,


and
from


were fairly


other


large


west ern


f ram


sections


parts
we re


of Nebraska,
relatively


, Kansas
small, p


and Oklahoma. Shipments
particularly from the


section
are that


large


whore


shipments


shipinont


next


wore


Jnrgo


from Nebraska
few months.


in the


fall


, Colorado,


of 1936.


Present


South cst


will


indications


be fairly


OUTLOOK


Price


s road to be


reduced


A fairly
coming winter,


largo


chiefly


i increase


as a res


in cattle


coding


ult of the larger


is oxpcctc
production


occur


in the


of food grains


this
much


year than


larger


last.


than


Markotings


1937.


The incr


of fed cattle


ease


1938


in such markotings


are exp octed


to be


probably will


result
grades


a greater than


of slaughter


cattle


usual


seasonal


in the


first


decclino


half


in prices


of the


b e ter


of 1938.


Mnrketings


reduced because


of other kinds


of the


teondoncy for


of cattle,


restocking


however,


are likely


in many areas.


to be
Prices


of the


lower


grades


of slaughter cattle,


th orofor o


, probably will


advance


seasonally


in the first


half


higher than that


of 1938,
in 1937.


avora go


The prevailing


for the


unusually


year may


wide


as high as


spread between


prices of
likely to


of the bettor


cont inue


grades


many


lower


months,


grades


in view


of slaughter cattle


of prospective


do cl ino


is not
o in prices


m






3B;010


Proportion of


grain-fed


cattle to be increased


Total


in 1937,


beef


but becau


better grades


production
se of the


beef


will


The supply of fbed-grains


in 1938
increase


probably will


in cattle


be considerably


head of


be somewhat


feeding


larger


livestock


the supply


than in


to be wintered


sm. a1 er


than


of the


current
is much


year.
larger


this


year than


last,


larger


than


average


in most


areas.


With


relatively


cheap


and abundant


supplies


of feed


, and relatively


high


prices


beef


cattle,


it is probable,


howovjr,


that


there


will


considerable r


have bee
heifers,


largo part
of cattle


estL ula.Jig


n reduced b
and calves


of the Great


occurred.


of cattlcherds


drought
n 1938


in recent


likely


Plains


some


in 1937 because


years.
to be s


parts


in most
Honce,


smallerr th


of Texas


of continued dry


areas


where


the slaught
an in 1937.
, moreover,


weat her.


Thes


numbers


cr of.


cows,


In a


liquidation
c areas


will


not be able


sorio usly


depleting


supply
cattle c


as many cattle


herds.


SeemIS


as usual


probab 1 ,


1933


wit hout


therefore,


that


total


cattle


decrease


slaughter


in 1938


occurring in


will


siaiicr


first


half of the


than in


1937,


with


most


year.


Inspected cattle
but probably will bc gr
average iv6c weights of
materially heavier than


1 937, but
to offset


slaughter in
year. The


...


increase


the reduction


1933
total


probably


c


slaught oer
atcr than


cattle 3


v ry


aVe


in 1938 may be the-sma
the 1924-33 airago of


slaught ered


light


rago weights


in numbers.


will


live weight


Hence


s ormnewbat


calves


in 1938,


weights


llest


si~e


8aif i ,00


however,


of oatt le


is not likely t'


total


smaller than


slaughtered


also


will b


is",~~


sl aught e'd
o be 1g i
weight of


tha
is


t


of th& B^roaet


likely to


live


,::li~~


1~:;4


,,


~"ix


;;; .?: "l:jr






BCS-10


Price


per 100 pounds


of cattle


and calves,


Sept ember


1937


with


comparisons


Sept.


Classification


:average
:1924-33:


Sept.
1935


Sept.
1936


July
1937


Aug.
1937


Sept.
1937


:Dollars Dollars


Dollars


Dollars Dollars


Dollars


Beef


stooeers


sold


out of


first


hands


at Chicago


Choice


and Prime


Good


. .


Mcdi um
Common-


. *6.


All grades


12.29
10.92
9.17
7.23
10.59


12.13
10.70
8.62
6.59
10.36


9.60
8.86
7.85
6.35
9.16


15.47
13.83
10.91
8.40
13.97


16.38
13.97
10.76
8.23
14.13


17.38
13.88
10.40
8.01
13.78


Cows,


Chicago:


Good


Low cutter


and cutt er


6.87
3.85


5.88
3.83


5.68
3.66


8.36
4.63


8.19
4.74


7.97
4.66


Vealors,


Chicago:


Good


and Choice


..... .:


12.07


9.69


9.55


9.85


11.16


11.80


Stock or
Kansas
500


and f odor


steers:


City -
- 800 pounds


Good and
800-1050


7.66


Choice
pounds,


6.21


8.34


8.68


8.46


Good and Choice


6*.**u.


7.65


6.56


9.23


9.91


9.43


Average


price


paid by


packers:


Cattle
Calves


7.37
,8.822


6.30
7'l15


6.415


83,17
8s02


Good


and Choice


, 1924-27.


Canned and


cutter,


1924


- June


.9 2S.


3/ Not


avai lable.




BCS-10


Slaughter


and market


supplies oj


Unit


Item


r cattle



* Sept.
*average


______ ______ _________ 1924
.1
- - -


-33


and calves,


* Sopt.
1936
- n -


specified


July
: 1937


: Aug.


periods


* Sept.


1937


Inspected
Cattleo
Calves


Beef s
first


to ors
hands


slaughter


:thousands:


. ...


,071
553


out of


cago:


sold


at Chi


Choice
Good .
Medium


and Prime


S.. *
....' *...


Common


All g
Receipts


mark et


radcs


of cattle


. *l**. ..


* "...* *.. .
..*.. ... ..
*.*.......*.
......*.*S..


seVen


Aug.
averagee
:192h-93


Aug.
1936


Juno
1937


July
1937


Aug.
1937


-- -


Inspect


Cows


d slaughter
and hoifors


U..... :thousands


Steers


Average


live


Cattle
Calves


weight


.. **


pound


Average


dressed weight


Cattle
Calves
Total dre
Cattle
Calves
Stocker rJ
from pub
Cattle
Calves
imports:


Cattle v6/
Canned beef


ssed weight


. *. *.*..........


nd feeder


hoe


: mil.lb.


shipments


stockyards


* *
* U


.. thousandss


. *. w ... S


lb.:8/


12,461


10,3


330
51

57
6,842


Bureau


of Animals


Chicago,Kflnsas


Avcracz


Industry.


City,Omaha,


East


1929-33.


.2/
St. Loui
E/


Totals
s,St. J


of unrounded


oseph,Sioux


Approximat ely


numb


City


public


crs.
and St. Paul.
stockyards


.. *.* *. S
.. .. *5..S..*...


*...*....*.* ...*.*


.li/


... .


_




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