Market news

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Material Information

Title:
Market news
Uniform Title:
Market news (Washington, D.C.)
Physical Description:
9 v. : ; 23 cm.
Language:
English
Creator:
United States -- Dept. of Agriculture. -- Production and Marketing Administration. -- Livestock Branch
United States -- Agricultural Marketing Service. -- Livestock Division
Publisher:
U.S. Dept. of Agriculture, Production and Marketing Administration, Livestock Branch
Place of Publication:
Washington, D.C
Publication Date:
Frequency:
weekly
regular

Subjects

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

Notes

Dates or Sequential Designation:
Vol. 18, no. 16 (Apr. 18, 1950)-v. 26, no. 52 (Dec. 30, 1958).
Issuing Body:
Issued by: Production and Marketing Administration, Livestock Branch, Apr. 18, 1950-Dec. 15, 1953; Agricultural Marketing Service, Livestock Division, Dec. 22, 1953-Dec. 30, 1958.
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 - 004691907
oclc - 29653329
Classification:
ddc - 338.105 UNIL
System ID:
AA00012178:00005

Related Items

Preceded by:
Livestock market news (Washington, D.C.)
Succeeded by:
Livestock, meat, wool; market news


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LIVESTO C DIVISION
.. .. .. _. .. .. _


MARKET REVIEWS AND STATISTICS


Vol. 24, No. 7


February 14, 1956


Week ended February 11

Page
Livestock Market Reviews . 126
Livestock Market Receipts .a .128
Feeder and Stocker Statistics . 128
Steer Sale Statistics . 129
Estimated Slaughter and Meat Production 130
Slaughter at Major Centers . 131
Estimated Percentage of Feeder and Stocker Cattle
and Slaughter Cows in Salable Receipts. 131
Cattle Prices . . 132
Hog Prices . . 133
Hog Purchase Statistics . 134
Sheep and Lamb Prices .. ... 135
Wholesale Meat Trade Reviews. .. 136
Wholesale Meat Prices .. 138
Wool Market Review . 139

Special to this issue

Meat and Meat Food Products Processed and Canned
under Federal Inspection, January 1-28, 1956. 14Q
Annual Livestock Inventory, Jan. 1, 1956. L42
Percentage Distribution, by Classes, of Cattle
Slaughtered under Federal Inspection, Calendar
Years 1954 and 1955 ... ... 125




U. S. DEPARTMENT OF AGRICULTURE
AGRICULTURAL MARKETING SERVICE
LIVESTOCK DIVISION
Washington 25; D. C.


AGR11-VA3


N Wee4


I







I-IDWEST LIVESTOCK MARKET REVIEW
The week's cattle receipts were moderately reduced compared with the previous
week, Monday's run was unusually large, however, especially at Chicago where it
was largest for a February day since 1919, and prices broke sharply. Some
recovery was made later as receipts were cut down, with late sales of fed steers
and heifers steady to t1.00 lower than a week ago. Hog receipts were moderate
compared with the movement during the peak of the winter marketing season, but
demand lacked urgency due to recently curtailed slaughter operations and butchers
closed steady to 75# lower, Outlet for slaughter lambs was fairly broad and late
prices were steady to 1.00 higher.

SLAUGHTER CATTLE AND CALVES
The week's receipts of salable cattle at 12 markets were smallest for a full
operating week since early last April, But the influence of reduced receipts for
the week was more than offset by the very uneven daily distribution, presence of
many cattle carrying excessive weight, and a rather bearish trend on wholesale
beef. Monday's receipts of 113,400 cattle at 12 markets represented about 57 per-
cent of the five-day run which was a somewhat larger percent than usual. The m,'st
depressing single factor in the week's opening trade was the arrival of about
27,500 cattle at Chicago, fully 70 percent of the five-day run, and largest re-
ceipts for a February day there since 1919. 'The severe decline of 50-$1l.50 at
that poin4 on iMonday tended to undermine trade sentiment at all points, and prices
dropped sharply. The combination of the exceptionally large receipts Monday,
including a liberal percent of steers, and the unusually severe price drop resulted
ia the week's average price of steers declining to lowest levels since 1946 at
several markets. Compared with a week earlier the average price at Chicago dropped
tl.l4, at Omaha 1,.38, at Sioux City t1.27, and at St. Louis National Stock Yards
$1.64.
At Chieagi abnut 6,000 cattle were carried over from Monday, with liberal
numbers going -ver unsold at other major midwest markets. From Tuesday on, fresh
receipts were very substantially curtailed, however, and by late Wednesday or
Thursday, supplies had been largely cleared. Partial price recovery, and in a few
instances full recovery, was made of early declines under increased competition,
with late sales of steers and heifers unevenly steady to t1.00 lower than a week
earlier. Cows sold lower at a few markets but at others both cows and bulls sold
at the highest levels since last summer, Vealers closed weak to $3.00 lower than
a week earlier.
Most Choice and Prime steers cashed at Chicago from l17.00-23.25, a small
supply of average-Prime to high-Prime mostly under 1300# t23.50-24.50; bulk Good
steers t14,50-1,.0Of Prime 1375-1700# sold there from ?17.5C-21.50, majority
1550-lw'# $17.50-19.00; two loads Choice near 1700# $16,00, with a load of Good
1638# steers at t14.00 at the week's low time, reflecting to some extent the price
discountS for excessive weight. Good and Choice steers predominated at other mid-
west markets and bulked from 914.50-19,50, few high-Choice and Prime $19.50-22.50.
STOCKER AND FEEDER CATTLE AND CALVES
Stocker and feeder cattle and calf receipts at terminal markets were of
seasonally small to moderate proportions. Shipments of steers to the country from
the 10 markets totaled 14,168, compared withl3,894the previous week andl4,.490 a
year age. Outgo from Kansas City totaled 4,477 or nearly one-third of the 10-mar-
ket total. Supplies consisted largely of Good to low-Choice 600-950# steers,
although occasional shipments of Choice stockers under 600# and scattered loads of.
high quality fleshy steers over 850# also were sn display. Recent snowstorms ever
a fairly wide area ef the West and Southwest were probably a factor tending to





127
curtail marketing. Adverse weather also reduced the demand but the weather was
not nearly as important a factor in narrowing the outlet as continued weakness in
fat cattle prices. Trading for stockers and feeders was slow with prices frequent-
ly showing a weaker trend. However, downturns in prices of stockers and feeders
usually were less severe than those often registered on fed cattle. In fact, at
one or two markets where supplies were small, stockers actually showed mild
strength, this principally at Southwest terminals, For the most part, prices
ranged from steady to t1.00 lower, steers 750# up showing most weakness. The
average cost of all steers 500# up shipped to the country during the week from 10
markets was t16.31 or $3.25 lower than a year ago, whereas the week's average cost
of $18,51 on beef steers at Chicago was $6.35 below the corresponding week last
year.
Good and Choice feeders 800# up sold largely from tl5.00-17.00, few Choice
fleshy steers up to $18.00 and some of Good quality as low as $14,50, Some Choice
1,000# steers brought 156.50, with some 951# steers of the same grade at $16.00.
Meanwhile, Good and Choice yearling stock steers ranged from $16.00-21,00, few
short yearlings $21.25, Several loads of Choice steer calves brought $22.00-22.50.
Choice 450k heifer calves rated $18,80 but not many heifer calves exceeded $17.50.
HOGS
Factors affecting the hog trade at the week's opening were of a bearish nature
and prices declined 50-750 or more, Prices fluctuated less sharply on subsequent
days and at the close butchers sold unevenly steady to 750 lower than a week
earlier, with the net decline at several markets 500 or less. Late prices on sows
were unevenly 50~ lower to $1.00 higher with price trends by weight varying con-
siderably by sections. The main bearish influence in the week's trade was the less
urgent demand which in turn was a reflection of recent breaks in wholesale fresh
pork prices and also curtailed slaughter schedules compared with those in effect
during the peak of the winter marketing season. Combined receipts for the week
were slightly larger than a week earlier and 23% larger than a year ago. Shipping
outlet was a little broader at a few points, smaller at others, but order buyers
were usually bearish and their activities did not add much lift to the trade.
Price spreads of 50-75# or more on comparable weight butchers reflected the strong
preference for U. S. No. 1 and 2 lots over mixed No. 2 and 3 offerings or straight
No. 3 lots. Butchers grading largely No. 1 were very scarce, such offerings cash-r
ing at prices moderately above mixed No. 1 and 2 lots of the same weight, At some
markets, demand shifted to butchers over 250#, thus narrowing the general price
spread. The week's run at Indianapolis included about 50% new crop butchers,
mostly 180-240# weights, while at St. Joseph more young hogs were offered than at
any time this season, these showing exceptionally high quality and grading mostly
No. 2.
Stocker and feeder pigs sold steady at South St. Paul, most Good and Choice
$10.00-11.00. Prices at Sioux City were steady to 250 lower, bulk cashing from
$10,50-10.75, A few 130--160 weights of the same grades earned $10.50 at Kansas
City. At Memphis Good and Choice pigs sold steady early at $l0.50-11,00,with bulk
Medium and Good 90-120# feeders steady to weak at $9450-10,00.
SHEEP AND LAMBS
Receipts at the 12 markets showed little change from a week earlier, but were
about 20% smaller than a year ago. The moderate to small supply of lambs sold
unevenly steady to l,00 or more higher mainly 25-758 higher, despite a steady to
lower price trend in wholesale dressed lamb. There was no appreciable change in
prices of feeder lambs or sheep. Fat lambs over 105-110# were still discounted up
to $2.00 or more, but sorting was usually rather lenient. Good to Prime wooled
lambs 113+ down bulked from 17,50-20,50, although at Chicago several loads brought
$20,75-21,00. Most 110-120# lambs brought t17.00-20.50, with a moderate supply of
120-140# weights at $16,00-18.50, Cull lambs sold down to around $10.00. Good to
Prime lambs carrying No. 1 to summer shorn pelts bulked at $17.00-19.50, a few fall
and summer shorn reaching $19,75-20.00. Cull to Choice slaughter ewes again sold
in a $3.00-8.00 price spread. Medium to Choice feeder lambs moved at $14.00-
20.00. Continued on page 144.





128 WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS
---~------------- ------------------- -------------------------------------------
..... Cattle Calves ..... Hogs a $..e... ep
-- --- -------- -- -- ---- --- -- --- ----

........ 195 15 1. 15 1956 1955 .1.956. 1955
------------------------------- ------------ L-----------------.---- ------J----
Chicago........... 38,929 40,654 1,271 1,333 55,465 48,504 12,720 15,863
Cincinnati...... 3,868 4,429 1,077 1,082 19,139 17,444 394 500
Denver....-........ 11,032 11,926 580 769 4,399 3,562 19,461 22,984
Fort Worth.......... 5,146 7,397 1,127 2,575 1,768 2,366 10,880 12,012
Indianapolis ........ 8,024 9,029 1,149 1j,233 55,825 51, 927 3,464 3,254
Kansas City..------- 22,202 19,245 1,311 1,374 12,529 7 267 4,673 5,07C
Oklahoma City...... 6,442 9,393 407 1,181 2,037 2,824 767 1,920
Omaha.............. 32,006 37,920 901 760 47 777 36,764 8,520 18,541
St. Joseph......... 11,902 12,757 819 639 27,606 18,714 3,788 3,662
St. Louis NSY....... 16,334 14,421 3,879 3,457 62,995 43,884 4,220 6,570
Sioux City.......... 22,153 21,933 1,758 489 45,017 34,619 10,149 11,714
S.St. Paul-........ 21,588 19,559 13,498 9,047 68,046 48,321 13,876 15,026


Total........... 199,626 208,663 27,777 23,939 402,803 316,196 92,912 117,116
Feb. 4,1956 220,840 24,553 412,363 96,581
--- ------------.------------------------------------
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
Feb. 11, 1956 --.----.------. 405,000 30,500
Feb. 4, 1956 ................ 371,500 30,200
Feb. 12, 1955 -...---------- 337,000 33,400
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT, AND NUMBER
Week ended Month 1Zonflis
Feb. 9 Feb. 2 :Feb. 10 : Jan. 1 Jan. Jan. Dec.
1956 :1956 1955 : 1956 1955 1955
Steers 1001 up 682 441 441 1,891 2,225 32,767
901.1000 1,920 1,479 2,010 6,095 8,611 86,644
801-900 2,618 2,151 2,890 16 183 15,367 163,061
701-800 3,037 2,746 2,894 17,268 17,526 245,933
501-700 5,911 7,077 6,255 34 768 44,818 583,739
------------li---------------------------- ----- --------- ------
Total steers 10 mkts. 14,168 13,894 14,490 76,205 88,547 1,112,144
Av. wts." 750# 719# 738F 721f 711f 710*
Av.cost*" t16.31 $16,80 $19.56 $16.64 $19.79 $18.27
"" "Chicago 16,65 17.14 20.04 16.76 19.78 19.28
"Ks.City 17.02 17.33 20.40 17.13 20.40 18.60
"Omaha 15.84 16.66 19.30 16.34 19.58 18.49
"S St. Paul 14.98 15.84 17.89 15.06 17.20 16.58
"Sioux City 16,47 16.85 19.91 16.54 20.18 18.59
"Denver 15.26 16.67 20.91 17.90 22.36 19.11
"Ft. Worth 15.65 16.69 19.31 16.27 18.52 17.81
"" Oklo. City 16,33 16.40 18.79 16.25 18.05 17.50
SSt. Joseph 15.86 16.53 19.07 16.35 19.54 17.84
Notl. Stk. Yds. 15,84 16.41 19.22 16.09 18.38 17.45
Total calves-10 amts. 4,235 4,113 4,138 34,140 49,189 551,959
cows.
heifers,buls-"" 2,477 2,445 2,640 14,560 20,821 302,539
-* Not-- adjtedordiferenes in grade of ca ----o a e m-----------a .
Not adjusted fo differences in gode of cattle &oW at each market.





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
S Percent of Average price
Average weight *
Number of head total (pouAvr in dollars
(pounds) .
Gray grade ................per 100 lb.
Grade Week e.nde--d._ -- d,- .
Feb. Feb. Feb Feb.
9 2 10 9 2 10 9 2 10 9 2 10
1956 1956 1 11956 156 1955 1956 1956. 1955 1956. 1956 195.
--------------------
i4 66CHICAGO
Prime 4704 6089 1046 18,2 22.9 4.9 1255 1253 1128 21.5222.44 32.61
choicee 14295 14763 11174 55.3 55.6 51.9 1184 1166 1139 18,51 19.80 26.41
;ood 5459 4855 7827 21.1 18,3 36.3 1076 1066 1066 16.48 17.48 22.63
:om'l. 1121 718 1088 4,3 2,7 5.0 987 970 944 14.61 14.91 18.20
Utility 282 145 400 1.1 .5 1,9 926 922 876 13.06 12.82 15.10


All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Coa'l.
Utility
All grades

Prime
Choice
Good
Comn'l.
Utility
All grades


25861 26570 21535


3 611 1161 1097 18 51 19.92 24.86


------------------------------------------- -------?---------------------
OMAHA 1/
318 421 126 2,3 2.4 .9 1224 1271 1166 21.33 21.87 31.58
6742 10677 7238 50.0 61.1 49.8 1159 1138 1119 18.06 19.37 24.97
5137 5200 6190 38.1 29.7 42.5 1099 1115 1028 16,07 16.93 21.52
1007 913 780 7,5 5.2 5.4 1008 1019 965 13,79 14.32 17.42
279 271 210 2.1 1.6 1,4 945 1017 908 11.77 12.42 14.50
13483 17482 14544 1122 1126 1069 17.00 18.38 23.13
-.-.-............. ...... ... ....---...-.-. -. .-..........- ---.....-.-..--..-.....---
SIOUX CITY --------1--------------- --
167 262 71 2.4 3,2 16 1280 1188 1208 20.84 22.05 31.13
3025 4533 2864 44.4 55.5 40.8 1168 1197 1136 18.51 19.68 25.1J
3062 2760 3707 44.9 33.1 52.9 1090 1094 1055 16.62 17,50 21.99
507 610 271 7.4 7.3 3.9 1022 1037 1047 14.21 14.61 17.36
59 77 98 .9 .9 1.4 973 1046 971 11.88 12.42 15.14
6820 8342 7011 1123 1150 1088 17.41 18.68 23.17
------------.----------.i-.-- I----------------------------ft---------------------
K----...-ANSAS CITY 1/
-- ----l --,-- -- -- -- -- -- -- -- -- --ft-- -- -- -- -- -- -- -- -
37 52 -- .5 .1 -- 1168 1223 -- 19.68 20.75 --
2871 3826 2701 41.1 46.0 41.1 1134 1065 1131 17.73 19.24 24.75
3077 3866 3604 44.1 46.0 54.8 1087 1116 1034 16.2116.98 21.80
761 493 267 10.9 5.9 4.1 1101 1139 884 14.49 14.84 17.69
237 172 6 3.4 2.0 -- 1046 1033 961 12.51 13.05 15.00
_6983. 8409. 6578 1107 10--93 1068 16.57 17.80 22.94
ST. LOUIS NSY 1/
7 25 -- .1 .4 -- 1141 1096 -- 21.50 22.00 --
595 1600 455 10.6 26.2 14.3 1069 1087 1063 17.95 19.13 25.43
3899 3527 1974 69.3 57.6 62.2 1025 1036 1026 16.03 17.16 22.78
1004 858 676 17.9 14.0 21.3 981 968 961 13,85 15.49 19.68
118 109 68 2,1 1.8 2.2 945 907 851 12.12 13.32 15.P7
5623 6119 3173 1020 1038 1014' 15:80 17.44 22.42
S. ST. JOSEPH 1/
-- -- -- -- -- -- --- -- -- ---- -- --
1593 2615 2491 32.3 42.7 42.7 1149 1110 1114 17.63 18.84 24.76
2447 2903 2775 49.7 47.4 47.5 1099 1103 1018 16.16 16.59 21.18
795 551 510 16.1 9.0 8.7 1029 1028 980 13,92 14.17 17.09
93 60 61 1.9 .9 1.1 928 942 869 11.89 12.52 14.25
4928 6129 5837 1101 1097 1054 16.25 17.32 22.4C
.42....2 58.7. ........................ .11...1................054 16............1732 22.40
Continued.
Continued.


I
C


I





130 BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
------------- ------"" P~r ;' i';"" ---------------- ------- ----- I--- --- --- --- --- -- -- --- -- ----- -- --
SPercent o Average weight Average price
Number of head total : : o in dollars
*, (pounds)/
by grades per 100 lb.
Grade :.. . . W eek ended -- - -
S ------------ : ....... -------------- ------- ------------------------------ ---------------.
Feb. Feb ,Feb.; Feb.:
9 2 10 9 2 10 9 2 10 9 2 10
1956: 1956 1955L 1956: 1956: 1955 1956 1956 1955 1956 1956 19F5
................. .. ..----------------------- .......

Prime -- -- -- -- -- -- -- -- --
Choice 1768 2901 1915 64.3 71.6 68.9 1145 1173 1092 18.92 19.44 25.47
Good 895 1112 836 32.5 27.4 30.1 1068 1126 1049 16.44 17.80 23.90
Cou'l. 76 42 12 2.8 1.0 .4 930 1175 1192 13.05 13.75 16.69
Utility 12 -- 16 .4 -- .6 895 -- 834 11.46 -- 14.00
All grades .... 27 51 4055 2779 1113 1160 1078 17.98 18.94 24.92
1/ These summaries developed from data collected on marketing of led cattle by the Agricultural Estimates
Division.

ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
--------------------- ----------------- r------------------------ ------------
Beef Veal Prk Lambd Total Total
................. ................., .. ......... .. ............. m d
Wek : :(ci--. lard) -mutton meat lard
ended Nu Num- rod. Num rod. Nu. Prod. prprod
Sber od. br o ber ber ..*..-----
000 J mDi. b I 000 b. 1 000 mi. lb. 00 il. "m.lb. 1 mil. lb. mil. lb.
Feb. 11, 1956 350 199.2 135 15.3 1,367 181.0 276 13.5 409.0 49.2
Feb. 4, 1956 363 203.6 130 14.6 1,371 179.9 307 15,4 413.5 49.4
Jan. 28, 19561/ 378 212.1 130 14.6 1,323 173.6 321 15.4 415.7 48.2
Feb. 12, 1955 331 178.6 122 13.4 1,135 154.3 282 13.9 360.2 43.2
Percentage change from:
Feb. 4, 1956 -4 -2 +4 +5 0 +1 -10 -12 -1 0
Feb.. 12.. 1955 .... +6 12 ....+11 ....+14 +......+20 +17 -4
Average weights (lb.)" ----....-.......... r -----
----,-----------r-- ----~------------------- -- ---- --- W -----------------------rl- llrl-r -- ---------
Week : Sheep and yield
ed Cattle Calves Hogs I
ended a e lambs : per
C-- l~------- ----- ----------- ------------------------
Live Dressed Live Dressed Live Dressed 2 LIve Dr s .
e d d .................................... ........ n _k ......
.-.- --- --------- j- :i r ..-------. .. .iO0 -.:.-.
Feb. 11, 1956 1,025 569 205 113 234 132 103 49 15.4
Feb. 4, 1956 1,020 561 205 112 236 131 102 50 15.3
Jan. 28, 1956 1,020 561 205 112 236 131 100 48 15.3
Feb. 12 1955 986 540 199 110 240 136 103 49 15.9
-- Actual slaughter and revised estimate of production. 2/ Excludes lord.
] Actual slaughter and revised estimate of production. 2/ Excludes lard.






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132 CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
---------------*------ ---- ------------------------ ------------------------- 8-------------------------
Chicago Kansas City Omaha
,%r - so- -- -- - -
Classification Feb. Feb. Feb.
11 4 12 11 4 12 11 4 12
1956 1956 1955 : 1956- 1956 1955 1956 1956 1955
SSlaughter. castle. cal.es and- velers


Steers -
Prime 900-1100#
1100-1300
Choice 900-1100
1100-1300
Good 900-1100
Com'l. All wts.
Heifers -
Prime 600-8001
Choice "
Good, 500-900
Com'l. All wts.
Cows All weights
Commercial
Utility
Canner & Cutter
Bulls All weights -
Good
Utility & Commercial
Vealers All weights -
Choice & Prime
Com'l. & Good
Calves 500# down
Choice & Prime
Com'l. & Good


23.05
22.55
19,95
19.25
17.02
14.78


18.55
16.00
13.72

12.72
11.58
10.38

13.55
15.45

28.00
22.00

19,50
15.00


23.68
23.12
20.80
20.05
17.78
15.02


.19.28
16.42
13.78

12.72
11.42
10.25

13.10
15.16

29.80
24.00

20.50
15.50


31.95
33.45
28.22
28.10
22.12
18.00


24.25
20.52
16.90

13.42
11.72
10.22

13.10
15.05

29.00
22.20

22.50
17.00


:21.25
:20.75
18.95
:18.40
: 16.20
:14.45

S--
18.18
:15.94
:13.88

12.45
:11,45
:10.22


:13.50

:24.70
S18.70

:16.85
: 13.85


22.40
21.78
19.92
19.08
16.68
14.90


19.18
16.48
14.40

12.42
11.35
10.16


30.05
30.30
25.35
25.35
20.58
17.15


22.68
18.55
15.00

12.70
11.70
9.95


:21.92
:21.48
:19.30
:19.05
:16.05
:13.78


:18.35
:15.85
: 13.42

:12.12
:10.88
9.50


-- -- :13.12
13.50 13.58 :13.74


25.70
19.80

17.75
14.75


24.50
19.00

17.25
14.25


22.10
:16.80

:18.00
:14.00


22.32
21.95
19.85
19.52
16.70
14.18


18.70
16.17
13.60

12.12
10.88
9.50

13.08
13.68

21.50
16.50

17.75
14.00


30.08
31.65
26.25
26.22
21.20
17.50


23.10
18.59
14.55

12.72
11.28
9.52

11.75
13.25

23.00
17.50

20.50
16.00


Feeder and stocker cattle and calves
Steers -


Choice 500-8001
Good #
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd. *
Cows All weights -
Medium & Good
Calves 300-5001 -
Steers -
Good & Choice
Heifers -
Good & Choice


19.35
16.60
14.50


20.00
17.50
14.75


16.50 17.00
13.50 13.75


22.25
19.75
17.00


: 18.75
: 17.38
: 15.00


19.62
18.00
15.25


18.25 : 16.50 17.00
15.25 : 14.00 14.25


22.50
20.00
17.25

19.00
15.50


: 19.00
:17.12
: 14.62

: 16.50
: 13.50


-- -- -- : 11.00 11.00 11.25 : 10.88


20,50 20.75 22.00 :19.50 20.00 21.50 :20.50

17.00 17.25 18.50 :17.00 17.25 18.50 : 17.00


19.38
17.50
14.88

16.62
13.62

10.88


20.75


22.50
20.00
17.25

18.00
14.25

10.75


22.00


17.12 18.25


-------------r---------------------------- -- - -- -- -





HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 133
n dollars per 100 pounds-
I Interior Iowa and
Chicago southern Minnesota Indianapolis
Classification 1 FeEb. iote e 1 e
Classification--------------------- -y------------ --------- .----.----p^---
11 4 12 11 4 12 11 4 12
1956 1956 1955 1956 1956 19F5 1956 1956 1?55
......------------------. ----------------- I -------------------------- .-------- ---------------
Barrows and gilts -
U.S.No.1 160-180# 12.65 13.60 16,50 s10,69 11.78 15.32 :12.45 13.30 16.90
2 & 3 180-200 13.22 14,38 17.42 ;12,17 13.23 16.65 :13.25 14.45 17.40
200-220 13.25 14.34 17.30 :12,55 13.63 16.95 '13.22 14.42 17.40
220-240 13.10 14.15 17.08 t12.23 13.28 16.57 112.92 14,22 17.05
240-270 12.50 13.40 16.35 t11.67 12.71 15.96 s12,50 13.62 16.28
270-300 12.06 12.85 15.78 l11.07 12.13 15.21 311.65 12.88 15.65
Sows -
300-330# 11.60 11.85 15.15 t10,60 11,62 14.68 t11.12 11,20 15.08
360-400 11.10 11.22 14.98 :10.10 11.12 14.01 t10.55 10.55 14,75
450-550 10.35 10.60 13.95 9 9,20 10.38 12.86 t 9.52 9.68 14.18
Pigs Stockerr and feeder)-
Gd. & Ch. 70-120# -- -- -- -- -- -- : -- --
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -
SOSt. Louis
Omaha National Stock Yards Sioux City

Barrows and gilts -
U.S.No.1 160-180# :12,52 13.85 17.45 : --
2 & 3 180-200 13.00 14.05 17.48 t13.25 14.38 17.50 112.50 14,00
200-220 13.00 14.05 17.48 :13.18 14.32 17.37 %12.85 14.14 17.12
220-240 13.00 14.05 17.18 :12.92 14.08 16.96 :12,80 14.05 17.02
240-270 12.32 13.55 16.62 :12.41 13.48 16.28 :12.30 13.62 16.45
270-300 11.60 12.90 15.80 j11.70 12.70 15.81 :11.60 12.92 15.58
Sows -
300-330# 10.98 11.48 -- i:1.05 11.42 15.40 :11.08 11.98 14.90
360-400 10.98 11.48 14.75 :10,68 11.05 15.02 :10.75 11.58 14.65
450-550 9.90 10.42 14,15 s 9.95 10.45 14.15 : 9.88 10,68 13.88
Pigs Stockerr & feeder)-
Gd. &Ch. 70-120 -- -- -- -- -- -- -- -- --
S. St. Paul Baltimore N. Portland
.----.------------.--- l -----------------------j ------------------------ --- --1--------------------
Barrows and gilts -
U.S.No.1 160-180# 12.05 13.18 17.05 s13.81 14.81 18.44 :14.22 15.22 18.88
2 & 3 180-200 13.12 14.10 17.10 ,14.22 15.20 18.47 :14.91 15,97 19.16
200-220 13.12 14.10 17.00 s14.22 15.20 18.47 s14.91 15.97 19.16
220-240 12.95 13.98 16.60 :13.94 14.94 18.16 :14,50 15.69 18.78
240-270 12.05 13.40 15.80 :13.31 14.41 17.47 :13.38 14.56 17.94
270-300 11.42 -- 15.05 012.19 13.19 16.72 :13,00 14.19 17.25
Sows -
300-330# 10.52 11.42 14.42 :10.06 11.12 15.50 112,12 13.19 16.25
360-400 10.02 11.12 13.80 t10.06 11.12 15.50 011.38 12.19 15.69
450-550 9.52 10.32 12.92 s 8,78 10.25 13.50 :10.00 11.28 14.69
itgs Stockerr & feeder)-
Gd.&Ch. 70-1201 10.45 10.65 17.00 -- -- -




134
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
--.--------------------...... ....... --.-- ........ .............------- ........... -----------------................-- .-
SLouis Kan. S. S. 8-
Week ended Chi- Natl. sas Omaha Sioux St. 1 St. Indian- mkts.
Week ended cago Stock City : City Joseph Paul apolis corn-
Yards bined
------ .-' ......--- ... ... 1-
AVERAGE COST .Dollars.p. p.er 100u nds
Barrows Feb. 11,1956 12,56 12.77 12.80 12.34 12.26 12.78 12.29 12.93 12.b6
and Feb. 4,1956 13.60 13.89 13.87 13.68 13.45 13.79 13.28 14.04 13.66
gifts Feb. 12,1955 16.35 16.98 16.92 16.40 16.13 16.80 16.29 16.85 16.54
Fi----------c--------- L-------------------_ ____---~----r-----------------------I---------------
Feb. 11,1956 10.73 10.36 10.50 10.39 10.23 10.54 10.09 9.91 10.33
Sows Feb. 4,1956 10.84 10.98 10.74 11.07 11.09 10.92 11,02 10.14 10.81
Feb. 12.1955 14.50 14.52 14.30 14.21 14.06 14.53 13.74 14.23 14.28
AVERAGE WEIGHT Pounds
zA---A----E------------------------- - --- -- -
Barrows Feb. 11,1956 240 221 223 231 242 221 224 223 228
and Feb. 4,1956 239 222 226 235 238 224 225 226 C29
gilts Feb. 12 1955 2)F1 22 oO o 21 1 22 D 3rz7N


Sows

NUMBER
Barrows
and
gilts

Sows

SOWS


a ----------------------------------------------------------------
Feb. 11,1956 438 404 431 411 428 413 406 447 423
Feb. 4,1956 444 418 435 427 413 400 412 456 428
Fqeb.. .12-. .95_5 .. -444 419 445 4 56 439 4... 7 428 __457 ....
OF HEAD-
Feb. 11,1956 47296 56284 11417 42742 39984 24667 60871 51656 334917
Feb. 4,1956 46660 48560 10238 47804 39837 30378 66339 51786 341602
Feb. 1.2.1.955 40348. 39.19 6625. 327.4._ .3 0719 17399 43524 4863? 259080
Feb. 11,1956 3964 3490 670 2502 1613 1675 2575 3408 19897
Feb. 4,1956 4054 3019 490 2816 .1385 1969 3169 3523 20425
b.. ^...,5._...2711. 1741 ...253 ....1619_.. .879 660 .. 2 ..i.
Percentage of total
Feb. 11,1956 8 6 6 6 4 6 4 6 6
Feb. 4,1956 8 6 5 6 3 6 5 6 6


...-- Feb. .2,1955 __ 6 4 -..4 .-5 -3 4 3 4 .....
/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
---o ------Gross spread-
Hog products 1/ Hog prices or margin 3
Feb. 11, 1956 $15,40 $13.22 +$2.18.
Feb. 4, 1956 16.28 14.38 + 1.90
Feb. 12 1955 18.78 17.42 + 1.36
-- i --- ---- -- ---- ---- -- ---- ---- ---- ---
1/ Value of all edible products, fresh basis (lard rendered) in 100 lb. of live hog com-
puted from wholesale prices on carlot basis, Chicago, reported by National Provisioner
daily market report.
2/ Mean of daily quotations onU.S.No. 1, 2 and 3 hogs, 180.200# vt.Chicago.
3/ Difference between wholesale product value and hog prices.
HOG AND CORN PRICES AT CHICAGO AND HOG-CORN PRICE RATIO
------------------- ------ --------------- I----- I-
Barrows and Corn. I Hog-corn
Week ended gilts No. 3, yellow price ratio
Dollars per Cents per based on
100 pounds bushel barrows and gilts
Feb. 11, 1956 12.56 124,6 10.1
Feb. 4, 1956 13.60 125.5 1.0.8
Feb. 12, 1955 16.35 149.9 10.9
V/ Simple -average price.




135


SHEEP AND LAMBS: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
--------------- ---yE". ?!12 P^^3 -------- -
: : : Ogden
: tKansas : Fort :North
Chicago: Omaha :Ka : Fort 'Denver :Nrt
: : City : Worth i :Salt


_- _.J --


- --- .- -- -
LAMBS 110f down (WOOLED) -
Choice and Feb, 11, 1956
Prime Feb, 4, 1956
Feb. 12, 1955
Good and Feb. 11, 1956
Choice Feb. 4, 1956
Feb.._12 _1955
EWES COOLEDD) -


Good and
Choice


Cull and F
Utility F
FEEDER LAS
FEEDER LAEBS .


Good and Feb.
Choice Feb.
Feb.
*Shorn basis.


eb. 11, 1956
eb. 4, 1956
eb.12, 19F5
eb. 11, 1956
ab. 4, 1956
eb._12,1955


1956
1956
19F5


20,48
20,25
22.00
19.78
19.50
21.10

7.25
7.18
8.00
5.50
5.45
6.75


19,40
19.22
21 25
18,40
18.20
20 52

5.45
4.90
8.00
4.70
3.90
6.45


18.65
19.35
20.85
17.68 1
18.42 1
20.30 1

4.62
4.62
7.00
3.62
3.62
5.50


- :_ :Lake


7.
7.
91


-- -- 17.00
- 17.88 16,90
- 20,7F -- 19.00


-- 19,75
-- 19.40
--- 20.98
88 18,78
90 18.58
85* 19.65


-- 8.25
S 7.75
-- 8.12
-- 600
-- 5.50
-- 5.75


&sSouth
:San
:Fran-
: isco


20,00
-- 20,00
-- _21.00
17.62 --
17.88
19.50 20.00


6.50
6,50
6.50

4,25
4.25


--
10.50

6.00
6--O


18.24
17.98
19.75 --
-----------


PERCENTAGE DISTRIBUTION, BY CLASSES, OF CATTLE SLAUGHTERED
UNDER FEDERAL INSPECTION
S-Canners
: : : : Bulls and :Canners &
: Steers : Heifers : Cows tags Cutters
Region : : :all classes
a Year : Year : Year Year : Year


---------- 1955: 1954: 1955: 19541 1955: 1954: 1955t_1954:


1i. Atlantic
S. Atlantic
N.C. States
N.C. States
N.C. States


.States.....
States.....
- Eastern..
- N.Western
- S.,estern


3. Central States......
Mountain States........
Pacific States.........


Pct. Pet.
58.3 57.9
35.4. 37.8-
54.4 52.3
52.4 56.8
55.1 54.7
24.3 24.7
26.8 33.9
54.7 57.4


Pet. Pet,
1.9. 1.9
3.2, 2.3
6.8 '6.3
16.1 15'. 1
15.3 14.2
7.8 9,.1
49,0 46.2
17.1 16.1


Pet.
37.6
52.6
36.7
29.7
28.5
64.0

26.3


Pct.
37.3
47.9
39.2
26.5
29.5
61,2
17.7
24.2


Pct.
2.2
8.8
2.1
1.8
1.1
3.9
1.7
1.9


Pct.
2.9
12.0
2.2
1.6
1.6
5.0
2.2
2.3


1955: 1954
Pct. Pct.
23.8 24.0
40.2 36.3
18.9 19.5
13.5 11.8
14.1 16.0
41,0 40.0
10.0 7.6
10.2 9.6


11,
4,
12
JL





NEW YORK 1'UHOLESALE MN AT MADE REVIEW
Western Dres sed Fresh Meats

Lower prices were posted for most Western dressed fresh meats. Normal sup-
plies generally proved excessive as demand was rather narrow throughout. Movement
was further retarded by a fair volume of steer beef and lamb carried from the
previous week. Purchasers operated cautiously and presented a wait-and-see atti-
tude for the nost part. Price trends were weak to mostly lower as the result of
concerted price pressure at most local wholesale centers. Steer beef, lamb and
fresh pork showed declines, as did cow beef, veal pnd calf despite the fact that
wholesalers were slow in giving.ground. Compared with the previous week: Steer
beef steady to $3.50 lower; cow beef generally weak; veal steady to $2.00 lower;
calf mostly steady to $1.00 lower; lamb steady to $4.00 off; pork loins $5.00-6.50
lower, other fresh pork cuts steady to $2.00 higher.
Demand for steer carcasses and wholesale cuts was narrow. Prime offerings
wore in the minority and sold barely steady as thcse attracted most buyer intorc-t.
Progressive downturns, however, were shown on carcasses and cuts grading Choice
and below, with hindquarters and related cuts depressed most. Sales of cow beef
were mostly on the weak side. Veal and calf hold steady early, but demand nar-
rowed toward tho close and lower price revisions were necessary. Lamb receipts
were in excess of current demand, influencing a weaker trend. Fresh pork prices
carried a weak undertone from the outset,-which terminated in downturns, particu-
larly on 8-12' frosh loins.
Prime 600-800# steer beef sold at t36.00-40.00, Choice 600-700# $33.00-35.00,
700-800# $31.00-33.00; Prime veal $44.00-50.00, Choice $38.00-44.00, Good $30.00-
37.00; Choice calf under 200# $33.00-37.00, Good '32.00-34.00, Commercial $25.00-
30.00. Choice and Prime lamb under 45# brought t36.00-37.00, 45-55# $34.00-36.00,
55# up $33.00 down; Good lamb 35-45# $33.00-35.00, 45f up $30.00-33.00. Eight to
12# pork loins sold at $32.50-37.00, 12-16# $33.00-34.00; Boston butts $29.00-
32.00, spareribs $30.00-34.00.
Locally Dressed Fresh Meats
Volume of locally dressed fresh meats was generally in excess of current in-
quiry. Trade on most sessions was slow, with best outlet on Monday. Slaughter
figures as a whole showed relatively little change, Unsettled trade conditions
and irregular prices prevailed on steer beef and lamb, Prices on veal hindsaddles
were easier and the undertone on fresh pork was weak. Demand for kosher meat was
mostly fair to slow, kosher beef selling at weak prices, while veal and lamb held
mostly steady, instances strong on lamb late.
Prime steer offerings were in the minority and movement of these was rather
dependable. Selling, otherwise, was usually a forced affair, and wholesalers
revised prices downward slightly to sharply on offerings grading Choice and below
to effect clearance. Most pronounced declines were on Choice hindquarters. Selec-
ted lots of kosher steer forequarters and wholesale cuts sold fully steady. How-
ever, the practical top was off about $1.00 and selling averages slightly lower.
Veal end calf sellers encountered severe price pressure as purchases wore
held to a minimum. Early sales were steady, but trade lacked stability and subse-
quent weakness developed. A general lack of buyer interest pervaded lamb trading.
Selected lots, however, scaling around 45# down, moved rather freely at barely
steady prices, but trend otherwise was lower for both carcasses and wholesale cuts.
Prices of kosher lamb forosaddles averaged mostly steady, with some strength toward
the close.
Locally dressed primal fresh pork cuts were under considerable pressure as
urgency was lacking on the part of retailers. Prices generally favored the weak
side, with fresh loins easing off progressively and closing around $3.00-4.00 lower.
Cther fresh pork cuts held about steady, although trade was somewhat uneven.





137
CHICAGO "'HOT.FSA'rl FVT TRkWE XVTIEW

Dressed beef supplies consisted mainly of Good and Choice grades. Veal supply
was moderate early but increased by midweek. Volume of lamb grading Choice and
belqw weighing 55# or heavier, was fully normal, with Prime offerings and weights
under 50, limited. Fresh pork cuts were usually adequate for demand. Prime beef
was in good demand, but beef trade otherwise was dull. Good and Choice ribs and
loins accumulated in most coolers and sellers discounted price in an effort to
stimulate movement, particularly on lighterweigkh loins, and heavierweight ribc.
In beef cuts, rounds moved most freely. Trade on lamb and veal carcasses was
slow, and lamb sellers were unable to improve prices despite higher replacement
costs. Demand for fresh pork cuts was limited on early days and loin prices de-
clined daily until Wednesday, but turned higher toward the close. Prices on Bos-
ton butts and spareribs held mostly steady. Only fair clearances at the wholesale
level are in prospect, with indications of a fairly large carryover of beef ribs
and loins. Compared to last Thursday: Prime beef nominally steady, other grades
mostly 50, to $1.50 lower; veal and lamb steady; pork loins 8-16# $2.00-5.00
lower; Boston butts 4-8# and spareribs 3# down steady.
Choice and Prime squarecut beef chucks sold at $28.00-30.00, comparable rounds
$39.00-43.00; Prime loins $79.00-83.00, Choice $50.00-60.00; Prime ribs $55.00-
58.00, Choice $37.00-41.00; Choice and Prime kosher style beef chucks $28.00-30.00.
Sales of lamb hindsaddles were completed at $46.00-52.00, legs $42.00-48.00, loins
$50.00-58.00, and hotel ribs t48.00-53.00. Pork loins 8-12# sold at $33.00-36.00,
12-16# $30.50-34.00; Boston butts $25.50-30.00; spareribs $27.50-32.00.

PACIFIC COAST WHOLESALE MEAT TRADE REVIEW

Supplies of fresh meats with few exceptions were fairly liberal at all points
on the West Coast. Choice steer carcasses under 600# were in moderate supply but
were fully adequate while veal carcasses were out of stock at Los Angeles and
limited at San Francisco. Coolers were liberally supplied and an above-normal
carryoler was anticipated. There was also a considerable backlog of loins and ribs
in the Los Angeles area with several packers and breakers shipping this product
to other markets. Trading continued slow on most classes at the wholesale level,
although ve.I was in good demand at San Francisco due to the short supply. Prices
Irore generally under pressure at all points. Compared to the previous Fridayi All
beef weak, instances 50-t1.00 lower; veal mostly steady in the Northwest and
$2.00 higher at San Francisco; lamb steady to $2.00 lower, most decline at Los
Angeles on weights over 55#; mutton about steady; fresh pork loins $4.00-7.00
lower other fresh pork steady to weak, except fresh skinned hams $3.00 higher
at Los Angelos and shoulders $2.00 lower in the Northwest; smoked skinned hams
$1.00-2.00 higher at Los Angeles; other smoked meats and lard mostly steady.
Choice steer carcasses under 700# sold mostly from $30.00-34.00, few $35.00
at San Francisco; 700-800# $29.00-31.00; Good 500-700# $27.00-31.00, few to $33.00
at San Francisco; Commercial $25.00-30.00. Commercial cow beef brought mostly
$23.00-25.00, few $26.00 at San Francisco and softboned sparingly to $28.00;
mature Utility 1)21.00-25.00; Canncr and Cutter .18.00-22.00.
Good and Choice veal carcasses undcr 150# brought mostly $40,00-48.00; same
grades calf to 300# $31.00-40.00; Commercial, all weigts, $29.00-33.00. Choice
and Prime lamb under 55# cashed from $36.00-41.00,over 55# $34.00-39.00; Good, all
weights, $32.00-38.00. Fresh pork loins under 16# brought $34.00-43.00; shoulders
under 16' $22.00-32.00; Boston butts under 8# $29.00-38.00; spareribs 3VA down
$32.00-40.00; smoked skinned hams under 18# $42.00-52.00, the higher price at San
Francisco; slab bacon under 10# $30.00-42.00; sliced 1# packages of bacon $36.00-
45.00; lard in 1# cartons 13.50-17.00.





138 WHOLESALE DRESSED MEAT PRICES: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds

New York Chicago San Francisco
C l a s s i f i c a t i o n - .- ---- .. I- - -- .- -.
Classification Feb. Feb, Feb.
11 4 12 11 4 1 11 4 12
1256 1956 195 :9 1956 1956: 955 1956 1956 1955
-- --- -- ---- --- -- .--- ---- -------- --- ------ I% -------------- ------. -------. ------------ -.!--- ----
Beef -
Steer -


Prime 600-700#
700.800
Choice 500-600
600-700


Good 35(
Com'l.
Cow, all wts. -
Commercial
Utility
Veal -
Prime
Choice
Good
Lamb -
Prime

Choice

Good a
Pork Fresh -


Loins 8-10# av.
10-12
12-16 "
Butts 4-8 '
Pork Cured -
Hams, smk., skd. -
12-16# av.
16-18 '
18-20 "
Bacon, smk.. slab -
6-8# av.
8-10 '
Sliced 1 # pkg.
Picnics, smoked -
4-8 av.
Backs, D. S. -
16-20# av.
Lard, 1# cartons -
Refined
Substitutes


39.00
37.00

37.25
31.50
29.50

26.00
23.00

47.70
42.80
35.90


-- : 37,50
50.00 : 37.50
-- : 33.15
45.50 : 33.15
40.20 : 29.10
34.40 : 27.20


37.50
37.50
35.00
35.00
29.80
27.65


29.00 :
24.50 :


39.00
37.00

34,50
30.00
28.00

26,00
23.00

48.50
43.00
35.60

35.20
32.40
35.20
32.40
32,50

35.35
35,35
34.20
30,50


44.50
41.00



34,50
38.00


38.20
34.90
34.60

41.60
41.60
40.60
28.50


44.50
41.50



33.50
39.00


41.00 : 35.50
41.00 t 32.50
39,00 :33.00

41.00 : 33.55
41.00 : 33.55
38.70 : 32.00
36.50 : 27.80


47.00 : 48.10
43.50 : 45.55
-- a43.80

-- : 34.25
48.00 :33.15
50,00 :39.30


24.00 23.00 33.00 :29,70

15.00 16.00 13.50 :11.50

16.25 16.50 15.50 :14.45
-- -- -- :25.00


44.90
41.80
37.40

36.35
33.35
36.35
33.35
33.40

39,55
39.55
38.95
27.95


47.45
44.40
43.05

35.25
33.65
39.70


52.75 :
52.75 :
41.75 : 34.00
42.85 9 32.00
36.00 : 31.25
32.00 : 28.00

-- : 26.00
-- :22.50

48.40 : --
45.90 ; --
41.00 : 44.20

42.90 :39.00
41.40 :37.00
41.90 :38.00
39.30 :36.00
38.40 :36.50

40.60 :40.00
40.60 : 40.00
38.70 : 10.00
33.00 :35.00


49.40 : 50.00
46.05 : 47.50
45.10 : --

53.40 : 40.00
50.10 :37.00
54.60 a 42.50


29.90 35.50 :30.00


--
33.50
32.00
31.25
28.00

26.00
22.50



43.00

39.CO
37.00
38. 00
36.00
36.50

45.30
46.00
46.00
35.C0


50.00
47.50


40.00
37.00
42.50


--
41.00
39.75
39.38
35.5C

27.50
2A.00



45.100

42.00
40.50
42.00
40.00
38.00

49.50
46.50
43.50
39.50


52.50
48.80


E7.50
52.00
56.50


30.00 35.00


11.50 12.00 :


14.25
25.00


15.90 :16.50
27.50 : --


16.50 18.50


Note: Quotationrs at New York exclude locally dressed meats.


)-600
U


0-110 f
* *
U U

40-50 f
50-60
10-50
50-l
ll wts.
' .


49.30 : 45,50
44.80 : 43,00
39.30 : 38.00


37.40 42.50 :35.50
34.40 43*00 32.50


--





139


BOSTON WOOL MARKET REVIEW

Approximately fifteen cars of various greasy domestic worsted wools were
turned in the Boston market but conditions remained about the same compared to the
previous week. Prices held firm and about unchanged. The supply of free domestic
combing wools was limited as many dealers had little to offer. There was some
trading among dealers but most purchases were made by integrated mills and top-
makers.
Demand for scoured wools continued about the same as a week earlier. Principal
call was for 56s and finer grades which sold at firm prices.
The strike of waterfront workers in Australia continued and as a result, all
sales were suspended until the strike is settled, There were.no auctions in New
Zealand during the week. Sales will resume at Christchurch on February 3. Offer-
ings from New Zealand showed a weaker tone, particularly for coarse wools while
prices in South Africa continued very strong under good general competition, Monte-
video prices were stronger while prices at Buenos Aires were very firm. Trading in
South America was slow,
Fleece Wools Graded 56/58s good French combing and staple fleece wool sold
around t1.14 while 50/54s staple wool brought $1.04 clean and graded 56/58s .
clothing fleeces moved at 96#. Light shrinking medium grade fleece reject wool
sold at 47# in the grease,
Territory Wools Graded 64s good French combing and staple territory wool
seld at $1,30 clean basis, while graded 56/5es brought from $1.13-1,15, and 50/54s
staple wool moved at $1,08 and fl.09. Medium grade territory lambs wool sold at
49# in the grease while an inferior graded California 64s clothing wool brought
$1.10 clean basis.
Texas Wools Original bag 12 months Texas wool, bulk average French combing
length sold at 1t.35 clean basis.
Mohair Original bag adult mohair sold in Texas at 84#, Recent contracting
of the spring clip had subsided while trade in the Boston market was dormant.
Sales of CCC Wools The Commodity Credit Corporation announced on February 9,
1956 that approximately 3,033,000 pounds of C.C.C. owned wool, from bids received
on a total of about 14,500,00 pounds, were sold, The principal grades, quantity
and sales price ranges (before discounts, if any) follow:
Pounds Price Range
Graded territory fine staple and good French 146,370 $1.34 -1.371
1/2'blood, staple and good French 742,283 1.25 -1,305
3/8s 528,078 1,165-1.-201
1/4 "50/4s 120,100 1.101-1.12
1/4 "48/50s 188,534 1.07 -1.102
0. B. territory, average and good French 64,888 1.282-1.332
Texas, average and good French 233,070 1,37 -1.377
Graded fleece fine average and good French 39,012 1,275
3/8s blood, staple and good French 356,304 .1.105-1.112
1/4 48/50s 112,056 1.05 -1.051

Foreign Wools Turnover of spot foreign wools was slow. Cabled reports from
South Africa at week's end showed a very strong market with'most short wools sold
out. Firm offerings for long combing wools follow: Type 7 at l1,35; 47 at t1l.29
and 51 at 1,36. Offerings based on clean U. S. yields, in bond. Asking prices
for super skirted Montevideo fleeces follow: 60s and 58/60s at 66# and 56s at
66-1/4#, grease basis, in bond. Buenos Aires November second clip 36/40s at 87#;
March wools at 86-#; 36/40s lambs wool at 86# and 5s fleeces at 87#; all clean
fibers present, in bond,
Carpet Wools The movement of carpet wools was very slow. A spot lot of
India yellow vicaneer sold at 840 clean fibers present.






MEATS AND MEAT FOCD PRODUCTS PREPARED AND PROCESSED
UNDER FEDERAL INSPECTION
--------------------------------Wend
Week ended
Product Jan. : Jan. I Jan. Jan.
: 7 : 14 21 28
: 1956 1956 1956 a 1956
1,.00 o1U- OOO* 0 l1.o00 1.0O0


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


Sausage -
Fresh finished. .
To be dried or semi-dried .
Franks, wieners ... .
Other, smoked or cooked .
Loaf, head cheese, chili,
jellied products. .
Steaks, chops, roasts .
Bouillon cubes, extract ..
Sliced bacon ...
Sliced, other . .
Hamburger . .
Miscellaneous meat product. .
Lard, rendered. .
Lard, refined . .
Oleo stock . .
Edible tallow .
Rendered pork fat -
Rendered. ..
Refined . .
Compound containing animal fat.
Olacmargarine .


Canned product (for civilian use
and Dept. of Defense) .


2,636
68,198
23

948
46,213

1,276
5,179
66

4,792
2,308
9,600
9,745


S 3,037
12,184
. 6
17,A23
S 2,519
. 2,9t0
1,514
S 48,789
S 33,021
* 2,006
S 3,006

2,504
S 1,293
7,285
S 740


43,873 57,133 53,525


Total 1/. ..... 333,324 416,384 393,610 372,599
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 canning.
L2/ Included with "Luncheon meat" prior to March 6.


3,046
85,411
13

993
55,310

1,503
5,145
76

6,081
2,614
11,737
11,846

3,990
14,521
57
21,998
3,030
3,919
1,762
62,160
41,910
2,360
3,786

2,909
1,455
10,552
1,068


3,308
79,047
30

994
52,379

1,393
5,204
69

5,838
2,660
11,023
11,160

3,694
13,4a7
72
20,280
3,054
4,045
1,842
55,767
40,299
2,341
3,615

2,652
1,510
13,315
1,046


3,166
70,306
22

1,353
53,082

1,435
5,287
69

5,683
2,793
11,055
11,302

3,909
13,791
7
20,957
3,047
4,385
1,928
45,845
33,947
2',359
3,580

2,329
1,497
12,838
1,074


55,552
















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ANNUAL LIVESTOCK A.rD POIUTRY IFrENTORY JANUARY 1, 1956
(Following Summary Based on the Complete Report Released by the
Crop Reporting Board, AMS, February 13, 1956)
Cattle numbers increased slightly during 1955, reaching a new high of 97.5
million head. Beef cows set a new record high, but milk cows declined 1 percent
to the second lowest inventory since 1930. Hog numbers were 9 percent above
January 1, 1955. Inventories of all sheep declined 1 percent, while horses and
mules declined 8 percent during 1955. Chickens and turkeys were down 2 and 1 per-
cent, respectively, from a year earlier. The value of livestock and poultry on
January 1, 1956 was down 4 percent from 1955. Hogs accounted for the largest de-
crease in value, while all sheep showed a slight decline. Values of cattle, horses
and mules, chickens and turkeys were above a year earlier.
Indications are that livestock and poultry production will continue at a high
level in 1956. Intentions for spring farrowing are down 2 percent but there were
9 percent more hogs on farms January 1. The number of cows and heifers on farms
is about equal to the previous year, promising another large calf crop. The record
number of beef cattle on farms January 1 indicates beef production will be high
again in 1956.
Commercial slaughter of cattle and calves in 1955 totaled 38.1 million head,
compared with 37.8 million head in 1954. Preliminary indications point to a record
high calf crop in 1955. Imports of cattle and calves from Canada during the first
11 months of 1955 totaled 64,000 head compared with nearly 80,000 head in the same
period in 1954. Imports from Mexico totaled 252,000 head in 1955. No imports wero
received from Mexico during 1954 when the hoof and mouth disease quarantine was in
effect. Increases in the number of hogs and pigs on farms wore shown in nearly all
States, with sharp increases in the Southern States. Slaughter of 74 million head
of hogs in 1955 was nearly 10 million head larger than the number slaughtered in
1954.
CATTLE: The number of cattle and calves on farms and ranches January 1, 1956
is estimated at 97,465,000 head--a new all-time high. This is about 1 percent or
873,000 head above the previous record a year earlier and about 16 percent more
than the 1945-54 average of 84,040,000 head. The total inventory value of all cat-
tle and calves on farms and ranches at 8.6 billion dollars was slightly above a
year earlier, but 13 percent less than the 10-year average.
HOGS: log numbers on farms January 1, 1956 are estimated at 55,088,000 head.
This is 9 percent more than the revised estimate of 50,474,000 head a year earlier,
but 3 percent less than the 1945-54 average. Hogs under 6 months of age on farms
January 1, 1956 numbered 33,520,000 head or 12 percent above the 29,906,000 on
farms a year earlier. The number of market hogs over.6.months old (excluding sows)
on January 1 at 12,668,000 was 10 percent larger than a.year earlier. Total value
of all hogs on hand January 1 was 977 million dollars--37 percent.less than a year
ago. Lower prices more than offset the increase in hog numbers.
SHEEP: Stock sheep on farms and ranches January 1, 1956 are estimated at
27,009,000 head, only slightly less than the 27,137,000 head a year ago. All shoop
and lambs, including those on food, totaled 31,109,000 head on January 1, 1956--a
decrease of 1 percent from a year earlier. Stock sheep numbers on January 1, 1956
were about 45 percent below the all-time record set January 1, 1942. Total value
of stock shoop and lambs on farms and ranches January 1, 1956 was 385 million dol-
lars--down 4 percent from a year ago and 19 percent below the 1945-54 average.
GOATS: The number of goats in Texas on January 1, 1956 is estimated at
2,775,000 head, 9 purcont above the 2,546,000 head a year ago. The kid crop was
considerably larger, while deaths were slightly higher and slaughter remained about
the same as in 1955. Texas goats were valued at 19.4 million dollars on January 1
this year compared with 14.0 million dollars a year ago.




143


LIV STOCK .N POTULTRY 0S FAB9S, JA'TUARY 1, 1950-56, FOR THE -N[ITD STATES
(Thousand head)


Cows Stock
Year i.attle 2 ors+ Hogs ock
Sfor milki/ : sheep
-


1950....
1951....
1952....
1953....
1954....
1955....
1956....


77,963
82,083
88,072
94,241
95,679
96,592
97,465


23,853
23,568
23,060
23,549
23,896
23,462
23,318


58,937
62,269
62,117
51,755
45,114
50,474
55,088


26,182
27,251
27,944
27,593
27,079
27,137
27,009


SHorses.
and Chickens Turkeys
: mules
-------------------------------- ----- -- -- -- ----


7,781 456,549
7,036 430,988
6,150 426,555
5,403 398,158
4,791 396,776
4,309 390,708
3,962 382,218


5,124
5,037
5,725
5,086
4,956
4,917
4,892


I/ Includes in all cattle.
rLIjSTOCK, BY CLASSES, JAitARY 1, 1950-56, FOR THE UNITED STATES
(Thousand head)


Cl.ss


Cattle and calves.....
Kept for milk .......
Cows 2 yrs. & older.
Heifers 1 to 2 yrs..
Heifer calves.......
Other cattle.........
"ows 2 yrs. and older
Heifers 1 to 2 yrs...
Calves..............
Steers 1 yr. & older
Bulls 1 yr. & older.
Sheep and lambs.'.....
On feed..............
Stock sheep..........
Lambs ............ ..
we ...................
Wether and ram.....
1 yr. and older.....
Ewe s.................
Rams...............
W'ethers. ... ........


Hogs and pigs.........
TJnder 6 months .......
6 months anC older...
Sows and gilts,.....
Others .......... ..
POULTRY ?: S
Chickens .............
Hens..................
Pullets..............
Others...............


: 1950 : 1951 : 1952 : 1953 : 1954 : 1955


77,963
35,455
23,853
5,394
6,208
42,508
16,743
4,754
12,516
6,805
1,690
29,826
3,644
26,182
5,017
3,908
1,109
21,165
20,057
790
318


58,937
31,704
27,233
10,248
16,985

456,549
137,014
286,759
32,776


: 1956


_ __ -- -L -


82,083
35,398
23,568
5,493
6,337
46,685
18,526
5,122
14,319
7,029
1,689
30,633
3,382
27,251
5,667
4,521
1,146
21,584
20,446
823
315

62,269
34,186
28,083
10,452
17,631

430,988
141,178
258,160
31,650


88,072
35,235
23,060
5,694
6,481
52,837
20,863
5,971
15,829
8,400
1,774
31,982
4,038
27,944
5,876
5,049
827
22,068
20,952
842
274

62,117
34,197
27,920
9,395
18,525

426,555
135,814
261,420
29,321


94,241
35,921
23,549
5,893
6,479
58,320
23,291
6,535
17,440
9,147
1,907
31,900
4,307
27,593
4,808
3,966
842
22,785
21,648
873
264

51,755
28,861
22,894
7,845
15,049

398,158
135,411
237,602
25,145


95,679
36,161
23,896
5,873
6,392
59,518
25,050
6,365
17,978
8,229
1,896
31,356
4,277
27,079
4,464
3,641
823
22,615
21,471
868
276

45,114
26,272
18,842
8,420
10,422

396,776
115,840
255,130
25,806


96,592
35,361
23,462
5,786
6,113
61,231
25,659
6,514
18,785
8,444
1,829
31,582
4,445
27,137
4,722
3,982
740
22,415
21,321
860
234

50,474
29,906
20,568
9,024
11,544

390,708
111,376
257,219
22,113


97,465
34,877
23,318
5,492
6,067
62,588
25,758
6,293
19,106
9,644
1,787
31,109
4,100
27,009
4,516
3,842
674
22,493
21,439
842
212

55,088
33,520
21,568
8,924
12,644

382,218
121,527
238,169
22,522


,,,,,,,,,,~(, ~~t, ,.,,,,(,


---~-~--~-----------~"----"---~~-




UNIVERSITY OF FLORIDA
IIIIIW R IIIIIIII 111111111111111111111111111111111111
3 1262 08734 5467

















WESTERN LIVEsl:TCK REVIEW CONTINUED FROM PAGE 127
Salable rc:ipts of cattle at most t.iilials were 10 to 15% smaller than a
week previous and moderately below a year ago. However, continued slowness in the
trade for steer and heifer beef tended to offset efforts on the part of sellers to
advance live prices. In fact, declines of 50#-.1.00 or more featured trade at
Denver and Los Angeles early in the week with part of the decline recovered later.
At other Western terminals, price trend on steers and heifers was mostly steady to
strong, instances 500 higher at Portland and Spokane. Outlet for cows, vealers and
calves was fairly broad at steady to 500 higher prices. Stockers and feeders were
weak to 50# lower at Los Angeles, fleshy steers over 750# 504-91.00 lower at Denver,
with prices mostly steady at other terminals. Barrows and gilts declined 500-$1.50.
Slaughter lambs advanced 500-$1,00 at Denver, selling 504 or more lower in the
Imperial Valley, with prices mostly steady at other terminal markets.
Choice slaughter steers under 1275# brought l17.00-19.50 at public markets, a
load of 900# steers reaching t20.00 at Los Angeles, high-Choice 1070 at Denver
t20.50. Good steers bulked from 214.50-17.50, Choice heifers brought 416.00-
17.50, few $17.50-18.50 at Los Angeles and Denver, Good heifers 14.00-16.00. A
few Choice and Prime vealers sold from 428.00-30.00, bulk Choice t22.00-27.00;
slaughter calves of the same grade 417,00-23,00; Good calves and vealers $16.00-
20.00, Good and Choice stock steer calves brought 418.00-22.00 at Denver but
stopped at $19.50 at Far West markets. Good and Choice stocker and feeder steers
bulked from $15,00-17.00; same grades heifers 414.00-15.50,
Choice fed steers sold direct out of feedlots from 417.50-19.00, 15 loads high
yielding 900-1000# $19.50-19.75, a load or more t20.00; Good steers $16.00-17.50.
Numerous loads and lots of stock steer calves sold in Nevada from $19,00-19.50,
load around 400# in Oregon A18.53, the heifer end at 415.50. One lot of 150 head
of 400# yearling steers out of kexico brought 417.00; 400-500# heifer calves out
of Arizona 414.00; two loads Medium and Good 650i yearlings in Montana $15.60. One
string 500 Oregon stock cows moved to Nevada at 4125.00 per head and 701 head of
New Mexico cows moved 8.j.f4ornlia at %90.00 per head.
U. S. No. 1 to 3/barrows and gilts brought t1.25-15.50 at Portland; $14.00-
14.80 at Spokane; 414 75-15.00 at Stockton; tl3.50-15,00 at Los angeles; $14.25 at
South San Francisco; 413.50-14.25 at Ogden and 412.75-14.25 at Denver. Choice and
Prime 96-112# wooled slaughter lambs sold at Denver from $19.25-20.00, few Prime
84# Southdowns f21.00; Good-Choice t18.50-19,00, In the Far West, Good and Choice
wooled slaughter lambs brought 417.50-13.25, some up to $20.50 at South San Fran-
cisco; fall shorn 418,00-19,25,




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