Market news

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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:
AA00012178:00007

Related Items

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


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7ud LIVESTO K DIVISION Wd4


J)


MARKET REVIEWS AND STATISTICS


Vol. 24, No. 9


February 28, 1956


Week ended February 25


Page
Livestock Market Reviews. .. . 166
Livestock Market Receipts . 168
Feeder and Stocker Statistics . 168
Steer Sale Statistics . . 169
Estimated Slaughter and Meat Production 170
Slaughter at Major Centers. .. . 171
Cattle Prices . . .. 172
Hog Prices . . 173
Hog Purchase Statistics ........ 174
Sheep and Lamb Prices . 175
Estimated Percentage of Feeder and Stocker Cattle and
Slaughter Cows in Salable Receipts. .. 175
Wholesale Meat Trade Reviews. . 176
Wholesale Meat Prices . .. 178
Wool Market Review . .. 179


Special to this issue


Federally Inspected Slaughter and Revised Estimates of Meat
Production, by weeks, January 1956. . 171
Stocker and Feeder Cattle and Sheep Received in Several
Corn Belt States, January 1956 (Revised). 180
United States Federally Inspected Slaughter and Meat
Production, January 1956. .. .. 181
Classification of Livestock Slaughtered in the
United States, January 1956 . .182
Percentage Distribution, by Classes, of Cattle Slaughtered
under Federal Inspection, January 1956. .. 182
Wool Production and Value of Sales, 1954-55 183




U. S. DEPARTMENT OF AGRICULTURE
AGRICULTURAL MARKETING SERVICE 3
LIVESTOCK DIVISION
WaIhington 25, D. C.


AI111-All


f(q42./




166


MIDWEST LIVESTOCK MARKET REVIEW
Cattle receipts were fairly large on Monday and prices showed a moderate
decline. The trend was stronger on subsequent days and most late sales of fed
steers were steady to 500 higher, although prices at a few markets showed some
net decline for the week. Hog receipts were a little smaller than last week but
more than sufficient for the immediate needs of the trade and prices declined
25-750 with greater downturns on weights under 190#. Marketings of slaughter
lambs were largest of the month but demand was good and prices closed steady to
500 or more higher.
SLAUGHTER CATTLE AND CALVES
Most terminal livestock markets remained open for business as usual on
Wednesday, February 22, but the day was a holiday in most packing establishments,
and slaughter requirements were reduced accordingly. The country anticipated this
and sent in fewer cattle, and the week's run was nearly 10% below the previous
week. Receipts were fairly liberal Monday, however, and trade was slow with a
lower price trend. Runs on Tuesday and Wednesday were somewhat below normal, and
despite suspension of slaughter Wednesday, demand was fairly good and early de-
clines on fed steers were largely regained. Thus, in spite of a larger than
normal Thursday run, closing prices on steers were steady to 500 higher than a
week earlier at most midwest markets, influenced in part by some improvement in
the dressed beef trade, The main exceptions were at South St. Paul and St. Louis
National Stock Yards where late transactions were weak to 500 lower. Heifers
failed to regain early downturns and finished largely steady to 500 lower, with
a similar trend on cows. The price trend on-bulls and vealers was somewhat mixed.
At Chicago Prime steers ranged from $17.50-25.50; Choice t16.50-22.50; Good
1S5.00-18.00, the overlapping being accounted for mainly by price variations due
to weight. Top of t25.50 was paid for high-Prime 1072# steers, while at the other
extreme excessively heavy Prime steers sold down to 17.50, a shipment of Choice
and Prime 1866# steers t16.50, Average weights of beef steers were again quite
heavy, the average of 1166# at Chicago being 88# above a year ago; average at
Omaha 44 above last year; at Sioux City 374 and at St. Louis National Stock Yard:
47# above the corresponding week a year ago. For the country as a whole, more
steers were slaughtered under Federal inspection in January than in any previous
month of record, and the average weight of about 1057# for all steers slaughtered
under Federal inspection last month was heaviest for any month of record. The
average weight of nearly 1021# for all cattle slaughtered under Federal inspector
in January was with one exception heaviest of record.
STOCKER AND FEEDER CATTLE AND CALVES
Marketings of stocker and feeder cattle end calves continued of small to
moderate proportions. Shipments of steers to the country from the 10 markets
totaled 13,918, compared with 12,565 the previous week and 11,843 a year ago.
The outgo of calves was 4,689, a week ago 3,782, a year ago 2,655. Good and low-
Choice yearling and two-year-old steers again made up a fairly large percent of
the supplies. Trading was somewhat uneven but prices for the most part varied
buti}at from a steady basis. Well bred stockers 650y down continued to attract
by jale.nost aggressive demand and in some instances prices of these were
moderately-stronger. At Oklahoma City and Wichita stock cattle were steady to
-0 higher, the start of a new grass season being closer to reality in those
Areas and naturally a factor in stimulating the demand. Meanwhile, prices of
feeder steers, particularly 800# up, were generally slow and steady to weak. The
relatively narrow outlet for feeders reflected the continued unfavorable price
relationship between fats and feeders. The average cost of all feeder steers





167
830# up tipped to the country from Kansas City during th4 week at $15.94 was
S4.38 lower than a year ago but at the same time the average price of all fed
steers jn that market during the week at '16.70 was .5.23 under a year ago. Ae
a result, the relatively wide price gap between lightweight stockers and heavier
feeder steers showed a tendency to widen still further. Good and Choice yearlirn
s-ock steers sold from t16.50-21,50, few 525~ t21,75. The same grades of steer
calves brought ?l7.00-22.00, a few Choice to Fancy offerings reaching $23.00. At
the sam, time, most feedlot operators were reluctant to go above t16.50 on st. .rs
over 800#, although a few Choice 797# sold as high as t17,50.
HOGS
Combined salable receipts of hogs at the 12 terminal markets and Interior
Iowa and Southern Minnesota were slightly smaller than a week earlier but nearly
20% larger than a year ago. Supplies were bolstered by increased offerings of
new crop hogs. Kansas City had the largest week's run of hogs since early
January, and Indianapolis receipts were largest since mid-September, 1955, a sub-
stantial portion consisting of new-crop offerings. There was also an increased
showing of such hogs at Omana, St. Joseph, South St. Paul and other points. On
Thursday, following the Washington's Birtihday Holiday, a movement of 110,000 heLd
in the Interior Area wEs the largest of record for a February day. Prices of
butchers and most sows declined for the fourth successive week in spite of a fairly
active wholesale fresh pork trade and mostly firm to higher fresh pork prices.
butchers 240# down closed largely 250-75 lower, heavier weights mainly steady to
500 off. Outlet was extremely narrow for butchers under 190# and prices declined
50#-42.00, instances t1.50 off. Sows closed steady to 50# lower. Shippers were
moderately good buyers at some points, but outlet into these channels was below
normal at others. Price spreads between U. S. No. 1 and 2 grade lots and fatter
butchers were slightly reduced as the proportion of No. I and 2 offerings in-
creased. Nevertheless, No, 1 and 2 lots still sold as much as 50-75# above lots
grading No. 2 to mostly No. 3, The average weight of all hogs slaughtered under
Federal inspection in January was lightest for a January since 1941.
Stocker and feeder pigs at Sioux City closed steady to weak, some 25# lower,
with a steady price trend at S, St. Paul. Good and Choice feeders sold mostly
from 410.00-10.50 at both markets. At Memphis feeder pig prices declined 500. A
few good 100# pigs brought t9,50 Monday and a few 9.00 later, but most Medium and
Good 70-120# offerings sold from 08.50-8.75, some down to t8.00.

SHEEP AND LAMBS
Receipts at midwest terminals were moderately larger than the previous week
and a year ago, but with wholesale dressed lamb prices showing some improvement,
trading on live lambs was quite active at most points. Price trend was unevenly
steady to $1.00 higher, mainly 25-500 up, Slaughter ewes reached a new recent
high at Chicago, but otherwise this class sold mainly steady. Feeder lambs closed
steady to 500 higher. Lambs over 110# were still discounted up to $2.00 per cwt.
for around 125-130# averages, but sorting was usually more lenient than recently.
r-od to Prime wooled lambs under 110# bulked at 118,00-20.50, a few reaching
220.75. The same grades of 110-140# lambs sold largely from $16.00-20.00, while
Cull to low-Good lots turned at $10.00-18,50. Good to Prime shorn lambs carrying
lo. 2 to summer shorn pelts and weighing up to 118# cleared at $18.25-19.50, a few
fall and summer shorn to t20.50, the latter price at Kansas City for 8?# averages.
Fresh shorn laribs sold down to t1.50, Cull to Choice slaughter ewes brought
t3.GO-8,50, Sales of Medium to Choice feeder lambs ranged from $17.00-20.25.


Continued on page 180,








Mor


Chicago..
Cincinnati.
Denver....
Fort Worth.
Indianopoli
Kansas Cit
Oklahoma 4
Omaha ....
St. Joseph
St. Louis N
Sioux City.
S. St. Paul


tEIELY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS
Cattle Calves "HISSh
Feb. Feb. Feb, Feb. Feb. Feb. "Feb. Fb.
25 26 5 26 26 26 25 2: 6
A 1956 1951 F 19F6 19FF 1956 1955 1956 1955
------------------ ------ ----------- ------------------j----
......... 42,131 38,666 1,295 1,62P 48,120 47,190 11,448 14,016
...... 4,040 4,061 1,034 1,206 20,279 19,824 423 567
......... 11,607 11,046 319 664 2,775 2,802 24,754 21,310
........ 6,838 6,680 1,316 2,616 2,079 1,797 11,058 9,232
........ 8,363 8,582 1,004 1,401 63,510 52 818 1,045 2,497
y........ 20,738 17,365 1,218 1,626 13,357 8,514 6,453 4,867
City...... 9,380 8,708 741 1,181 3,068 3,222 2,103 1,709
........ 36,432 34,560 841 686 47,902 33,839 14,557 13,432
......--. 14,412 14,381 784 763 31,739 22,221 5,053 4,553
ISY...... 16,851 13,856 3,107 3,244 65,397 50,442 3,975 3,256
......... 21,182 19,867 673 63 37,612 28,340 7,621 11,251
.--....... 18718 19,4A3 11,362 9,780 64,780 56,066 13,295 9,813


Total-..-.-------. 210,692 197,215 23,694 24,858 400,618 327,075 101,785 96,503
Feb. 18, 1956 230,124 25,727 404,921 97,145
----..--------------------------------------------------------------------------
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
Feb. 25, 1956 .-..-----------.. 387,000 25,500
Feb. 18, 1956 .-.............. 391,000 27,700
Feb. 26, 1955 -------------- 329,500 31,400
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT AND NUMBER
..-.---...-------------------------------------------------------------
Week ended : Month
:Feb. 23 ;Feb. 16 Feb. 24' Jan. 1 Jan.
S1956 1956 ; 1955 1956 : 1955
ImI~iI~iIIII I~iIIIIIIIII I ------------------------------------J--------------------------------i----i-----i-i iI I i i i I
Steers 1001t up 304 262 363 1,891 2,225
901.1000 1,060 976 1,308 6,095 8,611
801.900 2,240 2,277 2,135 16,183 15,367
701-800 2,450 2,373 2,022 17,268 17,526
501-700 7,864 6,677 6,015 34,768 44,818


Total steers 10 mkts.
Av. ws. "
Av.cost* "
" Chicago
" Ks. City
" Omaha
S" "S. St. Peul
" "Sioux City
" "Denver
" "Ft. Worth
" Okla. City
" *" S. St. Joseph
" Natl. Stk. Yds.
Total calves-10 aits.


13,918
697#
i16,67
17.48
17.10
16.44
15,01
17.27
16.00
16.60
16.13
16.33
16.25
4,689


12,565
712#
$16.36
16.00
16,80
15.82
15.13
16.69
16.42
16,14
16.38
16.54
16,38
3t782


11,843
727r
$19.79
20.04
20.37
20.30
16,81
20.48
20.76
19.05
19.42
20.15
18.46
2,655


76,205
721#
$16.64
16.76
17.13
16.34
15.06
16.54
17.90
16.27
16.25
16.35
16.09
34,140


88,547
711#
$19.79
19.78
20.40
19.58
17.20
20.18
22.36
18.52
18,05
19.54
18.38
49,189


COWS.
heifers, bulls- 2,093 2,005 1,800 14,560 20,821
* Not adjusted or differences i grade of cattle sold at each market.-
* Not adjusted for differences ia grade of cattle sold at each market.





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
-----.. -..----....- ----------....-. -.T.S ..- --J-......-- --------
f Percent of Average price
Number of head : total : \arg in dollars
by grades per 100 lb.
S -------- ..... ..... ...i ----------- --....... v-.-- ....... .. .
S'Feb Feb. Feb. Feb
23 16 24 23 16 24 23 : 16 24 23 16 24
1956 1956 1955" 1956 1956: 1955 1956 1956: 1955 1956 1956 19r5
CHICA.GO
CHICAGO


Prime
Choice
Stood
Com'l.
Utility


All grades


Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
utility
All grades

Prime
choice
pood
Comil.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
boice
Good
Com'l.
Utility
ll grades
*Revised.


C~Ic
Goo
Col


3891 5253 656 14.1 17,4 3.1 1302 1278 1160 21.86 22.09 31.54
16455 16943 9500 59.7 56.3 45.1 11L87 1185 1155 18,95 19.14 26.01
5772 6306 8900 20.9 20.9 42.2 1054 1066 1024 16.89 17.07 22.19
1152 1151 1613 4.2 3.9 7.7 1015 1036 928 14,78 14,79 18,20
293 460 413 1.1 1.6 1,9 961 1011 936 13.31 13.46 15.18
27563 30113 21082 1166 1168 1078 18.82 19.08 23.%6
OMAHA 1/
---~-~-------------- ------ -----------,,,-,-,. --,---------------- ---------------
456 370 -- 2.6 2.1 l- 1299 1299 .- 21.41 2136 --
9333 10508 6424 52.8 59.4 47.6 1148 1169 1111 18.09 18.14 24.16
6546 5379 6050 37.1 30.4 44,8 1082 1074 1048 16.29 16.18 21.34
1111 1284 773 6,3 7.3 5.7 1008 1027 975 14,03 13.78 17.20
218 151 251 1.2 .8 1.9 899 979 908 11,65 11.69 14.66
17664 17692 13498 1115 1131 1071 17,25 17.32 22.41
SIOUX CITY .y.
760 469 19 9.8 5.8 .3 1304 1295 1275 20.41 20.28 30.75
3394 3837 1889 43.7 47.6 30.3 1159 1186 1131 18.34 18.32 24.39
3147 3392 3808 40.6 42.0 61.1 1076 1072 1079 16.61 16.64 21.37
318 285 417 4.1 3,6 6.7 1017 969 1051 14.15 14.24 17,13
139 101 100 1.8 1.2 1.6 926 1060 1047 12.36.11.03 15.50
75 80B4* 33 1130 1136* 1093 17.66 17,58 21 99
KANSAS CITY 1/
42"""'i-~"'~~""' 'I---^ -"-----------------------------^-^^
42 27 -- .1 .4 -. 1026 1188 ...2d 19.89 --
2968 2849 1627 35.8 33.8 46.2 1108 1097 1080 17.72 17.79 23.50
3902 3891 1662 47.1 46.1 47.2 1056 1054 1043 16.34 16.27 21.04
1218 1299 231 15.0 15.2 6.6 1016 980 1052 14,96 14.92 16.96
161 377 4 2.0 4.5 -- 1006 1080 974 12.56 12.26 12.73
8291 8443 3524 1067 1059 1061 16.70 16.44 21.93
---- ----- ----------- ---------------------------------ST. LOUS NSY 1/
12 23 -- .2 .4 -- 387 1194 -- 21.33 22.12 --
1472 1398 133 24.1 25.3 4.8 1097 1085 1099 18.35 18.39 25.19
3457 3149 2096 56.6 57.0 76.0 1042 1039 1006 16.50 16.54 22.07
1079 836 439 17.7 15.1 16.0 969 963 916 14.68 14.74 18.98
85 120 89 1,4 2.2 3.2 817 319 860 12.58 12.71 15.69
6105 5526 2757 1039 1037 992 16.64 16.73 21.61
S. ST. JOSEPH 1/
------------------------------------------------------------------------------
------------------------------------------------------- w ........... w ----------------------, ,,,
3 38 -- .5 -- 1163 1456 -- 21,00 20.00 -
2213 2423 2378 36.3 32.5 39.6 1136 1138 110017.92 17.97 23.57
2867 3651 3141 47.0 49.0 52.3 1118 1093 100616.23 16.49 20.24
858 1189 444 14,1 16.0 7.4 1020 1028 103014.34 14,62 16.63
158 149 48 2.6 2.0 .7 956 935 82312.44 12.07 13.85
6099 .7.59 60. 1107 109 1043 1, 16.66 21.
......... ..... .. .......................... ........ ............. ........
Coortinav.





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
-------------... -................-..---. P ; o.. -..- Averege price--- .......
4 Pc h, : Average weight Avg b.r
SNumber of head total in dollars
(pounds)
'by grades per 100 lb.
.. ..- -.-... ....-... .. .. ....--?- -.-. -- .. .. .. .. .. .
Grade Week ended
---------------------------------------- -----------------------"---------- ....
Feb. Feb,: : :Feb. Feb.
23 16 24 23 16 24 23 16 24 23 16 16 24
: F9b, a ,5 I )19 ,955 -
Prime -- -.- -... ...- -.- -- -- -- -- -- -- -
Choice 3136 3522 2087 73.? 69.4 72.4 1172 1150 1067 18.10 18.67 24.38
Good 1059 1428 769 24.9 28,1 26.7 1089 1181 1033 16.61 16.93 22.90
Com'l. 50 128 27 1.2 2.5 .9 -050 1067 1089 13.08 13.85 15.50
Utility 10 .2 991 -- 10.5 -
Allgrde...... 4255 5078 2883 1149 1156 1058 17.68 18.06 23.91
/ These summaries developed from data collected on marketing of fed cattle by the Agricultural Estimates
Division.

ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
S1 O -por, Lamb and -, -
Beef Veal Par Lamb and I Total Total
Week : 1 (excl. lard) mutton I moo
"" --- _cd--- ----.----.--------H- .-----.------- ................. meat lard
ended :: Num- : Num- :
nded um ro. Pro. Nu Prod. Nurod. prod. prod.
,ber ber ber i. berpr
-----------------------------------------------------------------------------------------
.1,000 mio. b. O 000 mi. 000 mil. lb. 000 mil. lb. mil. lb. mil. lb.
Feb. 25, 1956 339 192.9 133 15.0 1,391 184.7 266 13.0 405.6 47.3
Feb. 18, 1956 361 205.4 139 15.7 1,460 193.4 266 13.0 427.5 51.1
Feb. 11, 19561/ 352 200.3 139 15.7 1,368 181.1 272 13.3 410,4 48.7
Feb. 26, 1955 314 167.8 135 14.8 1,128 149.9 245 12.0 344.5 37.0
Percentage change from:
Feb. 18, 1956 -6 -6 -4 -4 -5 -4 0 0 -5 -7
Fb.2.. +8 +15 -1 +1 +23 +23 +9 +8 +18 +28
------ ------- Ill il l l l llI ---------------- ------------- ------------- ------------- -------------
...ab... ? --5---------------m........8.......15.._...-........""__ ._____23_
v. Aerae we aht (lb.) Lord
a------------- ----- ......----- -- -------- -----------
Week : Sheep and yield
e Cattle Calves Hogs l pe
ended .-.-----j?-?'*--,- '
ended lambs per
-..... ..Live D 1sse Live Dressed 2. Live Dresse 100 lb.
Feb. 25, 1956 1,025 569 205 113 231 133 103 49 14.7
Feb. 18, 1956 1,025 569 205 113 232 132 103 49 15.1
Feb. 11, 1956 1,025 569 205 113 234 132 103 49 15.4
Feb. 26, 1955 981 534 199 110 235 133 103 49 14.0

SActual slaughter and rvied es-------------------------timat of production -----------------/ E---------------cludes --------rd.
3/Actual slaughter and revised estimate of production. 2/ Excludes lord.


TOTAL MEATS, MEAT PRODUCTS, AND BYPRODUCTS GRADED, OR CERTIFIED AS
CCOPLYING WITH SPECIFICATIONS BY THE U. S. DEPARTMENT OF AGRICULTURE
:: Veal : Lamb, : :All other: Grand
Month : Beef : and : yearling: Total : meats a total
-L calf -and muttom and lard:
-- O .I n-o-
1000f 0 71 09000
January 1956 601,587 18,368 23,683 643,638 14,618 658,256
December 1955 535,101 21,037 20,017 576,155 12,715 588,870
January 1955 468,836 22,573 22,301 513,710 18,860 532,570


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CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
_-- .-- --- --- --.- ------r -------i ----------- -------------- -- -------- ------ ------
Chicago Kansas City Omaha
--- --.. .. ...--------- ----- -- -- ...-.. -.. --. --. ... -----
Classification Feb. : Feb. Feb.
25 18 26 i 25 18 26 25 i 18 26
: 1956 1956_ 1955. 195656 1956 1955 1956 1956 : 1956
Slaughter cattle, calves and vealers
Steers -


Prime 900-1100#
1100.1300
Choice 900-1100
1100-1300
Good 900-1100
Com'l. All wts.


Heifers -
Prime
Choice
Good
Com'l.
Cows A


600-800#
U U
500-900
All wts.
11 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

Steers -
Choice 500-00#
Good *
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd. *'
Cows All weights -
Medium & Good
Calve. 300-5001 -
Steers -
Good & Choice
Heifers -
Good & Choice


23.44
23.12
20,19
19.44
17.28
14.75


18.69
16.25
13.97

11.94
10,72
9.62

13.06
14.80

27.00
21.00

19,50
15.00


23.38
32.98
20.38
19.58
17.32
14.90


18.78
16.33
13.98

12.55
11.42
10.20

13.55
15.20

27.80
21.80

19.50
15.00


31.56
32.81
27.59
27.53
21.72
17.69


23.84
19.89
16.59

13.56
11.94
10.38

12.93
15.05

26.38
20.50

20.50
15.75


:21.06
:20.88
:18.78
:18.25
:16.22
:14.50

: --
:18,00
:15,94
:13.88

:11.75
:10.68
: 9.62

: --.
:13.62

:21.00
:17.00

:16.75
:13.75


21.38
20.62
19.00
18.50
16.25
14.50

--
18.25
16.20
14.00

11.98
10.98
9.88


28.75
29.00
24.53
24.53
20.03
16.25


21.94
18.06
14.75

13.28
12.09
10.38


:22.88
:21.81
:19.62
:19.22
:16.25
:13.50


:18.31
:15.84
113.50

:12.12
:10.88
: 9.50


-- -- :12.75
13.50 13.75 :13.38


22.10
17.20

16.75
13.75


23.00
17.50

18.00
14.50


:22.50
:17.00

:18.75
:14.25


22.12
21.55
19.42
19.18
16.25
13.55


18.35
15.72
13.38

12.12
10.88
9.50

12.90
13.55

22.50
17.00

18.00
14.00


Feeder and stocker cattle and calves
r-----------------------r-----------


19.38 19.28
16.50 16.50
14.50 14.50

16.50 16.50
13.50 13.50


22.31
19.81
17.00


:18.88
:17.50
:15.00


18.25 :16.50
15.25 :14.00

-- :11.00


18.65
17.38
15.00

16.50
14.00


22.75
20.00
17.00

19.00
15.50


:19.00
:17.12
:14.62

:16.50
:13.50


11.00 12.00 :10.88


20.75 20.50 22.00 :19.50 19.50 21.50 :20.50


19.00
17.12
14.62

16.50
13.50


29.44
30.44
25.66
25.53
20.72
17.25

--
22.84
18.34
14.69

13.50
12.16
10.41

12.00
13.75

23.00
17.50

20.50
16.00


22.50
20.00
17.25

18.00
14.25


10.88 11.38


20.50 21.75


17.00 18.75 :17.00 17.00 18.25


17,25 17.00 18.50 :17.00




HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
Interior Iowa and
Chicago southern Minnesota Indianapolis
S--..-----.-------------------------------------- -------------------
Classification Feb. Feb. Feb.
25 18 26 25 18 26 25 18 26
1956 1956 1955 1956 1956: 1955 1956 1956 1955
Barrows and gilts -
U.SNo.1 160-1801 11.03 11.90 15.84 : 9.88 10.26 14.70 :11.16 11.90 15.97
2 and 3 180-200 11.72 12.45 16.59 :11,40 11.69 16.03 :12.00 12.54 16.38
200-220 12,00 12.40 16.56 :11.84 12.18 16.28 s12.00 12.55 16.28
220-240 11.97 12.30 16.43 :11.46 11.77 15.91 11.84 12.34 16.03
240-270 11.75 11.92 15.70 :10.94 11.25 15.27 11.38 11.85 15.41
270-300 11.59 11.64 15.28 :10.36 10.65 14.52 :10,81 11.30 15.03
Sows -
300-330# 11.38 11.25 14.75 :10.22 10.35 14.04 310.75 10.92 14,12
360-400 10.94 10.92 14.38 t 9.72 9.85 13.38 :10,25 10.50 13.91
450-550 10.38 10.30 13.56 9.10 9.22 12.20 : 9,31 9.52 13.41
Pigs Stockerr and feeder)-
Gd. &Ch. 70-120f -- ~" ~ i.. ...
Gd.&Ch. 7-120 -- -- -- -- -- -- -- -- --
Omaha St. Louis Sioux City
I National Stock Yards
Barrows and gilts -
U.S.No.1 160-180# -- :11.80 12.18 16.44 -- -- -
2 and 3 180-200 12.38 12.56 16.84 :12.4A 12.86 16.75 :12.02 12.30 --
200-220 12.38 12.56 16.84 .12.44 12.88 16.66 :12.36 12.52 16.59
220-240 12.38 12.56 16.72 :12.21 12.64 16.31 :12,27 12.42 16.47
240-270, 12.03 12.05 16.03 :11.85 12.06 15.75 :11,84 12.00 15.94
270-300 11.31 11.40 15.25 :11.46 11.58 15.22 t11.25 11.28 15.16
Sows -
300-3301 10.88 10.90 -- :10.90 11.05 14.95 :10.88 10.88 14.22
360-400 10.88 10.90 14.38 :10.40 10.55 14.58 :10.38 10.48 14.03
450-550 9.88 10.00 13.81 : 9.68 9.90 13.70 S 9,38 9.48 13.19
Pigs Stockerr & feeder)-
Gd. &Ch. 70-120# -- -- -- --.- -- .-
---------------------7-------------------------------ft------------------
S. St. Paul Baltimore N. Portland
-- -- -- -- -- -- -- a- -- -- -- --f ----------------------------,, -,,,
I I
Barrows and gilts -
U.S.No.1 160-180# 11,88 12.00 16.66 s12,75 13.12 17.46 114.09 13.88 19.00
2 and 3 180-200 12.56 12.98 16,62 :13.12 13.38 17.50 :14,34 14.22 19.25
200-220 12.56 12.98 16.53 :13.12 13.48 17.50 :14,34 14.22 19.25
220-240 12.44 12.78 16,03 :12.88 13.18 17.21 1s4,09 14.03 19.00
240-270 12.09 12,28 15.28 :12.25 12.45 16.58 Q13.25 13.06 18.12
270-300 11.28 11.38 14.59 :11.88 11.32 15.83 s12.88 12.75 17.75
Sows -
300-330# 10.38 10.48 14.00 1 9.88 9.72 14.96 :12.00 12.00 16,25
360-400 9,88 9,98 13.38 s 9.88 9.72 14.92 i10,88 11.12 16.00
450-550 9.44 9.50 12.75 t 8.50 8.20 12.92 :10.00 9.75 15,25
Pigs Stockerr & feeder)-
Gd. &Ch. 70-120# 10.50 10.45 16.44 -- -- : -




174
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
-- ----------------------------------- ---------------
. ................................... ... ...t.....:............................ .
Louis Kan- S. S. 8-
Chi. Nat. sas Omaha Sioux St S. Indian- mkta.
Week ended cago Stock City City Joseph Paul apolis corn-
Yards bined
--------------- ---------- I- -------------------
AVERAGE COST Dollars per 100 pounds
Barrows Feb. 25,1956 11.74 12.11 11,99 12.03 11.87 12.28 11.92 11.79 11.95
and Feb. 18,1956 12.02 12.49 12.38 12.19 11.98 12.32 12.09 12.36 12.22
gifts Feb. 26,1955 15.77 16.36 16.58 16.03 15.79 16.50 15.68 15.98 16.00
Feb. 25,1956 10.62 10.16 10.39 10.40 9.88 10.56 10.01 9,65 10.24
Sows Feb. 18,1956 10.59 10.34 10.36 10.42 9.97 10,58 9.98 9.77 10.25
Feb.26,1955 14,13. 4..24. ..5..... .. 9
AVERAGE WEIGHT Pounds
Barrows Feb. 25,1956 241 219 223 230 235 219 221 221 225
and Feb. 18,1956 239 218 221 230 237 219 224 222 226
ilts Fe.b.....6.....9.... 224 ........9......2.... 2.8... .....
Feb. 25,1956 432 415 403 404 417 400 404 451 419
Sows Feb. 18,1956 443 415 410 407 424 378 416 450 423
Fe b 26 ,1955 ....5 40. 44 42.....4 .....9 4.0 4....4 4~9...4
NUMBER OF HEAD -
Barrows Feb. 25,1956 37714 56700 12233 42011 32798 30535 57470 59550 329011
and Feb. 18,1956 41921 56620 11324 49771 35289 24101 63750 49351 33212"
gilts Feb. 26,1955 .9854 47829 7984 30578 25387. 20583 48464 48817. 2694A96
Feb. 25,1956 4920 3720 820 3125 1183 1894 2842 2929 2L433
Sows Feb. 18,1956 4322 3177 850 3014 1220 1639 2992 3843 20457
Feb. 26.1955 2638 .1863 292 ..149... _. 882 166 2205 255 09
SOWS Percentage of total..
Feb. 25,1956 12 6 6 7 4 6 5 5 6
Feb. 18,1956 9 5 7 6 3 6 4 6 6
Feb. 26 1955 6 4 4 5 3 5 4 5 5
--~-------- ~- ---- L--- %-------I-- -- -- -- -- -- -
Y Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
....................-- "- .-......--, ----" -- -- -- -- -- -- -- "--.. .---..-'-----;' ; a .. .. .
a Gross spread
Hog products I/ Hog prices / ormargin
--------------------------------------------------------...............
Feb. 25, 1956 t15.59 $1172 +$3.87
Feb. 18, 1956 15.39 12.45 + 2.94'
Feb ?...95. 18.82 16.59 + 2.23
-2.6.-?9-. .........--.-..-...................--.-- --- .. -...-.... .........
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 on U.S.No. 1, 2 and 3 hogs 180.200# wt.Chicago
3/ Difference between wholesale product value and hog prices.
HOG AND CORN PRICES AT CHICAGO AND HOG-CORN PRICE RATIO
----------------------------------------------------------------------------
Barrows and Corn, 1/ Hog-corn
Week ended gifts No. 3, yellow' price ratio
Dollars per Cents per based on
100 pounds bushel barrows and gilts
Feb. 25, 1956 11.74 126.6 9.3
Feb. 18, 1956 12.02 127.1 9.5
Feb. 26, 1955 15,77 147.0 10.7
/- Simple average price.
ifSimple average price.




17E
SHEEP AND LAMBS: WEEKLY AVERAGy OF DAILY QUOTATIONS
In dollars per 100 pounds
S-- :Ogden &:South
C :Karsas : Fort : tNorth :San
Chicago Omaha City Worth Denver :Salt :Fran.


110 down (WO
and Feb. 25,
Feb. 18,
Feb. 26,
id Feb. 25,
Feb. 16,
Feb. 26.


EWES (WOOLED)
Good and
Choice

Cull and
Utility

FE3EDR LAMBS
Good and
Choice


OLED) .


1956
1956
1955
19FG
1956
1955


Feb. 25, 1956
Feb. 18, 1956
Feb. 26, 1955
Feb. 25, 1956
Feb. 18, 1956
Feb.26, 1955


Feb. 25,
Feb. 18,
Feb. 26,


* Shorn basis.


1956
1956
1955


LAMBS -
Choice
Prime

Good ar
Choice


20.12
19.20
22.42
19.38
18,40
21.41

5.50
5,50
8.00
4.25
4.25
'6.50


19.00
18.50
-- 20.75


19,68
18.65
22.19
16,81
17.55
21.31

5.00
4.92
7.50
4.25
4.02
6.12


---
17.88
17.62
19.75*


S_ sLake :_ cisco


19.88
19,32
21 94
18.75
18.52
20.41


20.25
20.33
22.34
19.50.
19.60
21,47

7.50
7.25
8.12
5.62
5.50
6.75


-- 16.95
-- 16.95
-- 19.00


17.10
17.50
20.00

6,00
6.25

3.75
4.25


20,00
21.00
18.50

20.00


6.75
6,75


4.00


18.38
18.32
20,62


**Revised.


We-k ende


Feb.
Feb.
Feb.

Feb.
Feb.
Feb.




Feb.
Feb.
Feb.


Z4,
17,
25,

24,
17,
25,




24,
17,
25,


1956
1956
1955

1956
1956
1955




1956
1956
1955


Feb. 24, 1956
Feb. 17, 1956
Feb. 25, 1955


ESTIiATED PERCENT FEEDER AND STOCKER CATTLE
AND SLAUGHTER COVS IN SALABLE RECEIPTS
d icago : Kansas : Omaa : S. St. StLouis: S:
d Chicago Onaha
: City : : Joseh_ i NSY 2 C-
Feeders and stockers


27 16 Y
2 29 5 9 5
3 27 7 9 6
Slaughter cows
8 10 11 15 17
7 11 11 9 19
15 13 _0 13 18
Indian- : Denver Fort I Okla. Wichi
apolis : Worth City_
Feeders and stockers
3 5 15 50 32


ioux
ity_


9-


S. St.
Paul


16
13
14


11 35
11 30
7 30

a San
i Antonio

35


2 5 20 45 30 40
4 10 30 55 32 35
Slaughter cows
13 15 15 11 17 15
14 10 12 12 27 20
26 20 10 15 17 27


-- 8.62
-- 8.62**
S-- 8.53
-- 6.50
-- 6.50
-- 5.97


_C_


--,


--o



i




176
NEW YORK WHOLESALE MEAT TRADE REVIEW
Western Dressed Fresh Meats

Trading was interrupted at midweek, as packers and wholesalers in the *Letro-
politan Area were closed in observance of Washington's birthday. Most retail
interests participated in the trade, both before and after the holiday, with
trade most active early. Volume of most classes was normal, but available stocks
of lamb and fresh pork assumed moderate proportions after the holiday. Carcass
returns on steer beef improved slightly while cow beef sold steady. Veal an.
calf prices were definitely lower, while strong to higher opening prices on lamb
were well sustained. Some unevenness featured the fresh pork trade, but favorable
weather and reduced stocks lent stability to the late trade. Compared with the
previous rook: Steer beef steady to 500 higher; cow beef unchanged; veal week to
$3.00 lower; calf weak to $2.00 lower; lamb fully steady to t1.00 higher; pork
loins steady to $2.00 higher; other fresh pork cuts steady to t1.00 higher.
Carcasses grading Good and Choice comprised bulk of a normal steer supply,
with Prime sparingly represented. Movement of hindquarters improved with volume
outlets most aggressive, and prices turned upward. Arm chucks and rounds uoved
out freely, but sellers were unable to advance prices, Prices of cow beef wore
unchanged due in part to the relatively small price differential on steer counter-
parts.
Uneven downturns were registered in veal and calf. Buyer urgency was lacking
on all sessions and late sales were mainly toward the low end of quotations, with
some carryover indicated. Receipts of lamb decreased after the holiday. Weight
was the dominant factor in establishing prices. Preference was given to carcasses
under 50# which were priced $1.00 higher, while heavier offerings sold steady.
Outlet for lamb foresaddle cuts was fairly broad.
Advances of $1.00 to $2.00 were shown on all fresh pork cuts at the outset.
Loin prices dipped slightly preceding the holiday, but undertone was firm toward
the close. Early clearances were the general rule.
Locally Dressed Fresh Meats
Trade was fairly active throughout as demand was quite broad. Movement of
steer beef was fairly dependable. Weight was the dominant factor in the lamb
division. Outlet for veal and calf was rather narrow with prices under sovore
pressure. Demand for fresh pork lacked urgency, but prices reflected strength
toward the close. Movement of kosher classes was dependable with beef steady to
strong, veal mostly lower, while prices of kosher lamb foresaddles worked upward.
Choice steer beef was liberally represented, with Prime rather scarce. Hind-
quarter prices were weak at the outset, but reacted later as volume accounts pur-
chased freely. Most primal wholesale cuts sold at steady prices, but movement of
rib and loin cuts was rather slow. Prices on kosher steer cuts held about in line
with the previous week in a fair trade.
All grades and weights of veal and calf hindsaddles were priced lower for
the week. Buyer interest lagged and purchases were held to a minimum. Trading
on lamb was nostly fair on all sessions with buyers showing preference for car-
casses under 50#. Good to Prime selections scaling around 38-45# showed an ad-
vance of $1.00 or more. Outlet was fairly broad for kosher lamb foresiddles.
Prices strengthened gradually and closed $3.00 higher.
A normal production of locally dressed fresh pork sold early under pressure
with some weakness on 8-12# fresh loins. A fairly broad inquiry prevailed after
the holiday, and prices showed a firm tendency toward the close.
Local slaughter of all species decreased compared with a week earlier, due
largely to the suspension of killing operations on the holiday, Wednesday Fob. 22.




177
CHICAGO WHOLESALE MEAT TRADE REVIEW

The week's aggregate fresh meat supply was somewhat below normal, due to
suspension of slaughtering on Wednesday, Washington's birthday. Offerings in all
classes proved adequate, although Prime beef, lamb, and veal were in relatively
small supply. Bulk of the beef and lamb graded Good and Choice. Most lamb con-
sisted of weights over 55#. local trading in distributive channels was rather
slow. howeverr large volume buying interests from out of town were fairly active,
particularly on beef and pork. Moderate interest was shown for middle cuts of
lamb, Good to Prime veal hindsaddles, and squarecut beef chucks. In poik cuts,
loins 8-129- and spareribs 3- down were in best demand. Large chain and hotel and
restaurant supply operators absorbed bulk of the week's fresh meat offerings. The
week's higher prices for beef, lamb, and pork cuts were influenced principally
by moderate supplies and higher replacement costs rather than expanded demand.
Fairly good wholesale clearances of fresh meat are in prospect in spite of the
slow local trade, as receipts after Tuesday in most wholesale establishments were
belcw normal. Compared to last Thurse.y's close: Beef 500 to $1.50 higher; veal
$1.00-2.00 lower; lamb $1.00-2.50 higher; pork loins 8-16A up $2.00-3.50; Boston
butts 4-8:,' and sp-reribs 3# down steady.
Choice and Frime squarecut beef chucks brought $27.00-29.00; comparable
rounds 38.50-42.00; Prime loins $79.00-83.00, Choice $52.00-59.00; Prime ribs
$54.00-56.00, Choice t37,00-41.00; Choice and Prime kosher style chucks $27.00-
29.00. Lamb hindsaddles "urned at M46.00-52.00; legs $43.00-47.00; loins $54.00-
58.00; hotel ribs $48.00-54.00. Pork loins 8-12# sold at $33.50-36.50, 12-16'
$31.50-35.00; Boston butts '25.00-29,00; spareribs t28.00-32.00.

PACIFIC COAST WHOLESALE M3AT TRADE REVIEW
little improvement
Supplies were reduced because of the holiday but demand showed/as deliveries
were on a four-day basis. Outlet continued narrow at most points, influenced in
part by unfavorable weather at Los Angeles and in the Northwest. Most steer car-
casses were in liberal supply with cow beef moderate but adequate, and volume of
veal and calf moderate to small. Lamb carcasses under 55# were in moderate sup-
ply, with a liberal volume over 55#. Supply of fresh and cured pork cuts was
more than adequate for the demand. Trading continued slow on-most steer car-
casses, fair on cow beef and calf. Lamb trade was fair while trading on fresh
and cured por: cuts was mostly slow. Prices compared with last Friday: Steer
beef weak to "1.00 lower; cow beef mostly steady, instances $1.00 higher on Cutter
at San Francisco; veal and calf steady; lamb steady to $1.00 lower; fresh and
cured pork cuts mostly steady; some sale loins 1l.00 higher at Los Angeles and
Seattle and 1l.00 lower at Portland.
Choice steer beef under 700 brought $30.00-33.00, few t34.00 at San Fran-
cisco and Seattle; 700-800# t28.00-30.00 in California; Good under 700 $25.00-
30.00, some reaching t31.00 at Seattle and 32.00 at qan Francisco; Commercial
t24.00-29.00. Commercial cow beef bulked from *23.00-27.00, few soft-boned car-
casses to 28.00 at San 'rancisco; mature Utility t22.00"-2.00; Canner and Cutter
$18.00-22.00, lean heavy Cutter carcasses to -23.00 sparingly.
Good and Choice veal carcasses under 1504 brought $36.00-48.00, few $51.00
at Seattle; Good and Choice calf to 300# $34.00-39.00; Commercial $29.00-33.00 in
California. Choice and Prime lamb under 55# cashed from t35.00-39.00, few $40.00
in the Northwest; Good, all weights, $31.00-38.00; Utility to Choice mutton $18.00-
20.00 at Los Angeles. Closely trimmed pork loins sold from $35.00-40,00, some
reaching $42.00 in the Northwest; fresh skinned hams under 18# $40.00-47.00;
shoulders under 161" $23.00-32.00; Boston butts $29.00-34.00; smoked skinned hams
under 184, $42.00-50.00; slab bacon to 10# $30.00-42.00; lard in 1# cartons $13.50-
18.00.




178


WH2LE.SALf DRZ':SEO MEAT PRICES- WEEKLY AVERAGr OF )DA'LY O'!!TATIONS


,ii dollars pei 100 pojndj
------------- ----- ----- ---- ---- -- --- ---- I.... ... ...
New York Chicago San Francisco
-. --------------- ----------
Clasf.sication F eb. Feb. F- -.
z5 1 ,5 18 : 2 1 .:5 18 26
: 1956 196 16 195 1956 -1956 : 155 : 16 1956 1955
Beef -
Beefr -


Steer -
Prime


f6CC.-7U0F


700u.8UO
Choice 500-500
600-700
Good 350-600
Com'i. "
Cow, all wts. -
Commercial
Utility
Veal -
Prine 80-1101
Choice
Guod '
Lamb m
Prime 40-501
50-60
Choice 40-50
50-60
Good all wts
Pork Fresh -
Loin, 8-10i av.
10-12 "
12-16 *
Outts 4-8
Pork Cared Choice
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


3Z.62

28.C 3

26.00
23.00

'47.25
i, .0




34.12




3. .88
37.o00
3"1. 00
3+.38

34.&6
34.88
34.12
32.25


44.00
42. 00




5, .


38.00
2 .00

33.50
30.00
28. c

26.00
.3. 00

48.53
43.00
35.00

37.00
34.00
37,00
34.00
34.00

35.50
35.50
35.17
31.50


44.00
42.00




37.50


53.00

44. 00
39.10
33.50

28.60
25.10

48.10
39.50
35.80

44,50
44.50
41.70
41.70
40.50

44.70
44.70
42.70
36.00


46.50
42.00



45.00
48.50


7' C
S-7 -
2 37. L5

S33.62
:33.62
S28.12
: 26. El


37.5(0
3/'.50
32.90
32.90
28.75
27.40


[l. O
51.00
41. 25
43.00
35.50
32.00


: L3. 00

: 30.50
: 8. 00


-- -- --


: 44.5 C
: 4.88
: 26.62

:36. .8
:33.12
: 35.88
:33.38
:33.75

34.31

:32.69
S27.00


:49.12
:46.75
:46.12

:33.CC
:32. 00
:37. 00


24.5C' 23.50 33.00 :2E.62

-i.uj 12.00 13.50 : 11.75


45.50
42.40
37.60

35.50
32.50
35.50
32.50
33.00

31 .45
3- .45
33.65
27.30


4G.20
45.75
i-. 75

32.65
31.80
37.75


43.50
4 I. ,0'
40.00
37.25

42.50
41.00
41.50
38.50
38.00

42.62
42.62
41.00
34.38


4 7.50"
44.50
44.25

50.62
I 6.38
53.00


: 35.5




:30.00
: 3. 0U
c.6. I,


: 55.00


: 4735.50


: 40. 00
:33.'00
:35.00




: f :


:38. J
: 42.5C


28.50 34.12 :3C. C


34.00
32.00
31.25
28.00

26.00
22. 50



4F. 00

39.00
37.00
38.00

35.50

40.23
41. 00
40.20
35.00


5E.CO
4-7.50


I,0.00
38.00
42.50


.. JO
.. 30
39.56
39.50
35.50

28.25
"I.. 25


42.00
40.50
42.00
40.00
38. 00

;8.50
I .00
45.50
40.00


55.00
50.00
56.00


30.00 34.00


11.50 12.00 :


16.25 16.00
-- --


: 1 4 .7
I 25.03


14.55
25.00


15. 5C
28.00


~5* **5C
:-' .L'-


17.25 17.50
--; --v


iote: .uot.tions at New York exclude -ocally dreseed meats.


--


-I--------------I ---------------- ----- -------------------I ~-- ---------------~-------------




17?
BOSTON WOCL MARKET REVIEW
Trade in greasy domestic worsted wools continued slow in the Bostnn market
as approximately five cars of various graded wools were moved. Vertical mills
were the main buyers while topmakers showed little interest. There was no quota-
ble change in the price of greasy wools. The movement of scoured wools and noils
was limited at the previous week's price level. Interest among dealers was
directed toward the western States where contracting and purchases of greasy comb-
ing wools increased.
Cabled reports from Dominion sales early in the week showed Cape prices very
strong. Australian prices were a little higher while the trend in New Zealand
was slightly easier. There was good general competition in all markets. South
American prices held firm and unchanged.
Fleece Wools Graded 56/583 good French combing and staple fleece wool sold
at 58 in the grease and was estimated to cost clean around $1.09. Graded 56/58s
fleeces were snld for May-June delivery at 1l.10 clean basis, delivered mill.
Territory Wools A graded line of good French combing and staple territory
60/62s sold at $1.22 clean basis. Early shorn Arizona bulk fine, good French
combing and staple wool was sold at 45 grease basis to the grower and was esti-
mated to cost clean from $1.23-1,29 delivered East, depending on shrinkage. In
North Central California, 12 months wool, 8 months wool and lambs wool was con-
tracted around 500 grease basis to the grower.
Texas Wools Original bag 12 months Texas wool, bulk fine, bulk average to
good French combing sold in the local market at 1,.35 clean basis, while 12 months
wool was contracted in Texas around FO grease basis to the warehouse and was
estimated to cost clean around A1.30 delivered Boston.
Mchair Adult mohair was purchased in Texas at 83- to the warehouse. A few
cars of mchair were contracted at 83 for adult and t1.03 for kid mohair to the
warehouse.
Foreign Wools Turnover of spot foreign wools was slow, Cabled reports from
Australia late in the week showed quotations from 10 tO 20 lower. Quotes follow:
Type 56B at 41.23; 61B at t1.28; 62B at t1.22; 63B at l.17 and 78B at $1.22. New
Zealand quotes were about 1 to 20 lower as follows: Type 93 at $.905; 834 at
890; 100 at 87?; 107 at 850; 14 at 83 and 128 at 830. Prices in South Africa
were in the buyers favor, as follows: Type ? at 41.22; 8 at $1t.195; 47 at $1.20;
48 at $1.18; 52 at 41.18, Short wools were priced as follows: Type 27 at 1.195;
28 at l1.17; 32 at l.17 and 33 at $1.15. Above quotes based on clean U. S,
yields in bond.
Carpet Wools Movement of carpet wools in the local market was practically
at a standstill, Buenos Aires November second clip wools were priced at 850-860
while New Zealand carpet fleeces were 850-86 clean fibers present, for shipment,
India wools were unchanged while some dealers said spot wools were cheaper than
for import,
Wool Tops Most mills were fairly well covered for wool tops and the market
was quiet. Quotes follow: Warp Australian oil-combed 70s at $1.90; 64s at $1.80;
62s at $1.73. Short French dry-combed 70s at 1l.88 and 64s at $1,80. Warp
domestic oil-combed 62s at t1,73; 60s at $1.68; 58/60s at $1.63; 56s at $1.45;
50/56s at $1.40 and 48/50s at $1.32.




180 CORRECTED COPY
CORRECTED COPY


Stocker and feeder cattle and sheep received in several Corn Belt States 1/
January 1956, with comparisons


TPublic Stock t
Yards I
-January -
175 T7 -i55 7


Cattle and Calves

Direct Total
F -0 -_ -Jaur -
S-Ja nuary : Januar'y -
I17 15 ~1 7T 1~5 T "19~5


: Cumulative Total
: JanT.-ei.i. c.- -
1 -955-r: ~1 ~


Ohio
Indiana
Illinois
Michigan
I7isconsin
Iinnesota
Iowa
South Dakota
Nebraska
Total
9 States


7,575
5,558
23,244
3,406
2,012
8,891
53,014
5,754
19,587


9,o08
6,079
24,414
3,507
593
9,766
69,906
9,377
39,0L43


2,494
1,231
41,606
2,132
512
14,148
33,320
783
23,895


779
3,170
43,095
559
243
15,813
31,318
2,090
25,137


10,069
6,789
64,850
5,538
2,524
23,039
86,334
6,537
43,682


9,863
9,2149
67,509
4,066
836
25,579
101,22 2
11,467
64,180


176,207
226,181
1,086,879
98,499
33,972
367,047
1,649,431
134,668
632,024


129,041 171,769 120,121 122,204 249,162 293,973 4,404,908


139,799
208,929
973,502
87,358
35,353
297,874
1,649,131
134,893
748,760

4,275,599


Sheep and Lambs


Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
South Dakota
Mebraska
Total
9 States


1,223
1,663
8,478
501

14,018
16,892
4,181
5,184


6,302
1,422
7,151
884
1,214
18,269
30,859
11,461
26,347


1,0)46
581
7,357
790

5,636
80,322
4,312
7,982


645
2,031
12,614
834

13,696
69,140
5,5714
17,715


2,269
2,244
15,835
1,291

19,6554
97,214
8,493
13,166


6,947
3,453
19,765
1,718
1,214
31,965
99,999
17,035
44,062


77,893
121,347
322,823
33,668
21,948
277,571
1,026,469
176,698
690,290


52,14O 103,909 108,026 122,249 160,166 226,158 2,748,707


68,616
117,155
315,686
27,602
34,650
267,502
996,996
187,533
1,032,490

3,048,230


1 Data in this report are obtained from offices of State Veterinarians. Under
"Public Stockyards" are included stockers and feeders which were bought at stock-
yards markets. Under "Direct" are included stockers and feeders coming from other
States from points other than public stockyards, some of which are inspected at
public stockyards while stopping for feed, water, and rest en route.
2/ Corrected.
2/ Correct. UNITED STATES DEPART1.INT OF AGRICULTURE
AGRICULTURAL MARKETING SERVICE
Agricultural Estimates Division
Washington, D. C.


State





UNITED STATES FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
January 1956 with comparisons
January : Percentage
: __-_--_--_ January 1956 of-
S 1956 1955 Jan. : F-yr.


Number slaughtered under Federal Inspection: (thousands
Cattle 1,697 1,521
Calves 602 563
Hogs 6,705 5,519
Sheep and lambs. 1,329 1,223
Average live weight: (pounds) -
Cattle 1020,4 984.8
Steers 1/ 1056,9 988.1
Heifers 1/ 837.7 866.6
Cows I1 1023.4 1019,5
Calves 213.8 212.9
Hogs 237.8 246.7
Sheep & lambs 100.5 100.3
Average cost to packers: (dollars per 100 pounds) -
Cattle 15.63 17.60
Steers 18.31 22,79
Heifers 1/ 17.51 20.62
Cows l/ 10,30 10.24
Calves 16.88 17.49
Hogs 11.24 16,79
Sheep 4 lambs 18.08 19.55
Dressing yields: (per 100 pounds live weight) -
Cattle 55.9 54.8
Calves 55.4 55.4
Hogs 2/ 76.2 77.3
Sheep & lambs 48.1 48.1
Lard per 100# 15,1 15.0
Lard per animal 36.0 37.0
Average dressed weight: (pounds) -
Cattle 570.4 539.7
Calves 118.4 117.9
Hogs 181.2 190.7
Sheep & lambs 48.3 4.,2
Condemnations:* (number of head) -
Cattle 6,604 6,487
Calves 4,948 4,172
Hogs 12,090 9,730
Sheep & lambs 3,325 3,217
Total dressed weight Excluding condemned: (thousands
Beef 964,141 817,430
Veal 70,684 65,941
Pork (carcass wt.) 1,212,803 1,050,606
Lamb & Mutton 64,032 58,810
Total 3/ 2,311,660 1,992,786
Pork, excl. lard 883,358 771,981
Lard production 4/ 240,907 203,886
Rendered pork fat. 11,236 9,312
ij Also included with cattle. 2/ Subtract 7.0 to obt-
style average, 3/ Totals based on unrounded numbers.
pork fat. *Partly estimated.


195F : Jan. av.
of head) -
112 12,
107 127
121 112
109 113


104
107
104
100
100
96
100

89
80
85
101
97
67
92


102
104
104
100
102
97
10C


of pounds) -
118 133
107 129
115 108
109 114
116 118
114 108
118 110
121 112
ain reported packer
I/ Includes rendered






CLASSIFICATION OF LIVESTOCK SLAUGHTERED UNDER FEDERAL INSPECTION l~
-- -Number -( 000 omitted) : Percent
0- -- er (000 omite)- I----- Percent


9
a


Cattle:
Steers
Heifers
Cows
Bulls & stags
Total 2/
Canners & Cutters
Hogs:
Sows
Barrows & gilts
Stags & boars
Total 2j


Jan.
1956


896
260
512
29
1,697
258

375.
6,2 96
34
6,705


Dec.
1955

778
2C5
584
31
1,618
330

527
6,760
37
7,324


Sheep and lambs:
Lambs & yearlings 1,300 1,061
Sheep 29 94
Total 2] 1,329 1,155

1/ Based on reports from packers, 2j
3 Included in cattle classification.


Jan.
1955


718
236
540
27
1,521
259

254
5,237
28
5,519

1,182
42
1, 224


Jan.
1956

52.8
15.3
30.2
1.7
100.0
15.2

5.6
93.9
.5
100.0

97.8
2.2
100.0


Dec.
1955 s

48.1
13.9
36.1
1.9
100.0
20.4

7.2
92.3
.5
100.0

91.9
8.1
100.0


Totals based on rounded numbers.


PERCENTAGE DISTRIBUTION, BY CLASSES, OF CATTLE SLAUGHTERED
UNDER FEDERAL INSPECTION
: : : : : Canners &
: Steers t Heifers : Cows : Bulls and Cutters
Region : : Stags :all classes
Jan. : Jan. : Jan. Jan. : Jan.
: 1956: 195F: 1956: 1955: 1956: 1955: 1956: 1955: 1956: 1955
Pet. Pet. Pct. Pet. Pct. Pct. Pet. Pet. Pct. Pct.


N. Atlantic
S. Atlantic
N.C. States
N.C. States
N.C. States


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


S. Central States.....,
Mountain States........
Pacific States.........


62.6
53.3
56.0
50.1
63.0
39.3
40.0
58.9


Jan.
1955


47.2
15.5
35.5
1.8
100.0
17.0

4.6
94.9
.5
100.0

96.6
3.4
100.0


60.1
46.4
48.7
46.0
60.4
32.4
33.2
49.4


1.7
3.4
7.2
18.3
15.4
9.4
40.1
17.4


2.4
5.4
7.0
17.5
12,9
13.5
43.6
20.7


34.2
39.9
34,8
30.0
20.9
48.7
18.7
22.0


35.8
42.2
42.3
35.2
25.5
51.2
21.4
27.9


1.5
3.4
2.0
1.6
.7
2.6
1.2
1.7


1.7
6.0
2.0
1.3
1.2
3.0
1.8
1.9


18.5
28.2
16.0
13.0
10.1
33.5
8.7
7.9


26.0
27.7
20.1
13.0
13.0
32.0
8.0
8.7





"T00L PRODUCTION AMD VALUE OF ALES, 1956


Wool production, shorn and pulled, in the United States in 1955 totaled 275
million rounds, according to the Crop Reporting Poard. This was 2 percent below
the 1954 production. Of the total wool production in 1955, 233 million pounds
were shorn wool and 42 million pounds pulled wool. In 1954, total production was
279 million pounds, of which 236 million rounds were shorn and 43 million pulled.
The 1944-53 average production of all wool was 301 million pounds, of which 253
million pounds were shorn wool and 48 million pounds pulled wool.
The average price received by growers for shorn wool during the period April
1955 through January 1956 was 44.0 cents per pound. Over 90 percent of the wool
was estimated sold by the end of January. The price for the April-January period
compares with 53.2 cents per pound received for 1954 wool and the 10year ..verage
of 52.3 cents. Value of sales for shorn wool produced in 1955 were estimated at
103 million dollars, 18 percent below the 126 million dollars received for the
1954 clip and 23 percent below the 10-year average.
The number of sheep and lambs shorn in 1955 totaled 27.3 million head, a
decrease -of 1 percent from the number shorn in 1954. This compares with the
10-year average of 31.2 million head shorn. The weight per fleece was 8.54 poundCs,
the highest of record. The previous record was 8.52 pounds per fleece in 1954.
The 10-year average is 8.12 pounds.
Pulled wool production in 1955 is estimated at 42 million pounds, a decrease
of 4 percent from 1954. Commercial slaughter of sheep and lambs during 1955 va.s
2 percent greater than in 1954. The average weight of wool pulled per :-ini was
3.53 pounds compared with 3.48 in 1954, Wool was pulled from a smaller proportion
of the total available skins than in 1954.

TOCL PRODUCTION A1TD 'ALTTE OF zALES, TUTITED STATES, 1944-55

Shiep :Weight: Production Price : Value : Pulled : Total shorn
Year shorn /: per : shorn wool: per : of wool : and pulled
fleece: :pound 2/: sales : pro- : wool
Seduction, production
-, 0 -- j^ o --- -* -oo -* -i o c --
1,000 1,000 1,000 1,000 1,000
head Lb. lb. Cents .dol. lb-. lb.
1944.... 43,165 7.84 338,318 42.3 143,224 73,500 411,818
1945.... 38,763 7.95 307,976 41.9 128,970 70,600 378,476
1946.... 34,647 8.11 280,908 42.3 118,805 61,300 342,208
1947.... 30,953 8.12 251,425 42.0 105,654 56;600 308,025
1948.... 28,649 8.09 231,770 49.2 114,055 46,600 278,370
1949.... 26,382 8.07 212,899 49.4 105,223 35,600 248,499
1950.... 26,380 8.22 216,944 62.1 134,623 32,400 249,344
1951.... 27,347 8.34 228,091 97.1 221,456 25,900 253,991
1952.... 28,051 8.32 233,309 54.1 126,327 33,600 266,909
1953.... 27,845 8.34 232,258 54.9 127,514 42,200 274,458
1954.... 27,692 8.52 235,807 53.2 125,538 43,500 279,307
1955 3/. 27,327 8.54 233,370 44.0_/ 102,591./ 41,600 274,970
1944-
53 av... 31,218 8.12 253,390 52.3 132,585 47,820 301,210

1/ Includes shearing at commercial feeding yards.
2/ The avcr.age price is for the marketing season April through March o::ccpt for
1955. 1953 and 1954 include an allowance for unredeemed loan wool.
3/ Preliminary. 4/ Weighted average price for wool sold April 1955-January 1956.
5/ 1955 production multiplied by April-January average price.




UNIVERSITY OF FLORIDA
IIIIIlllllIIUllllII188
3 1262 08734 5764














- -

WESTERN LIVESTOCK REVIEW CONTINUED FROM PAGE 167
Supply and demand conditions varied considerably at Western terminal markets
and price trends were somewhat uneven. Slaughter steers and heifers closed mostly
steady, instances both 50# higher and 500 lower. Price trend on cows was also
rather uneven. Vealers and slaughter calves sold fully steady to in instances 500
higher; stockers and feeders steady to 500 higher; barrows End gilts 500 higher
at Portland, mostly steady to 500 lower elsewhere; slaughter lambs somewhat
stronger at Denver and Portland; steady to ~l.00 lower at other points.
One load of high-Choice to Prime 1046# fed steers brought 420.85 at Denver, a
few $19.25-19.50 at Portland; most Choice steers of all weights at other terminals
t16.25-19.00; Good $15.00-18.00. Good and Choice fed heifers brought l14.50-17.25,
several loads average to high-Choice at Denver from ?17.50-18.00. Utility and
Commercial cows cleared from $9.50-13.50; Canners and Cutters $7.50-10.50. Choice
and Prime vealers brought t24.50-30.00, other Good and Choice .20.00-24.00; same
grades slaughter calves 350#R16.00-20.00, Choice 400# t22.00, Good and Choice
under 350# ,23.00-28,00 at Spokane. Stock steer calves grading Good and Choice
cashed from t18.00-20,00, few Choice $21.50 at Denver; Good and Choice stock
heifer calves $15,00-18,00; same grades stocker and feeder steers 1l5.00-18.25.
Direct sales of slaughter steers and heifers were steady to strong in North-
ern California but weak to 500 lower in Southern California and Arizona. Choice
fed steers under 1200# sold for immediate delivery from 18.00-18,50, few loads
1000-1050# $18.75-19,00 in Northern California; Good to low-Choice-900-1100O
$16,50-17.50, mostly Choice 1300# t17.00, Good and Choice fed heifers brought
$15.00-16,50, few leads high yielding heifers t17.00. A few loads of Good to low-
Choice yearling stock steers brought 418.25 in Northern California, Good 642#
$16.75 in Central California; load 640# Montana yearlings .15.60.
Mixed No. 1 to 3 180-240F barrows and gilts bulked in S. San Francisco late
at $13.75; at Stocktan t14.00-14.25; Los Angeles t14.00; Portland $13.50-15.0C,
few $15,50; Spokane ,13.75; Ogden t12.75-13.25; Denver t12.00-13.25. Choice and
Prime wooled slaughter lambs bulked at Denver from t19.75-20.50; Good and Choice
fall shorn to full wooled at other terminals 16.50-19.00 including Choice 118#
lambs with No. 1 pelts at 417.70 at S. San Francisco. Among the sales of old-crop
lambs in the Imperial Valley were Good and Choice offerings with No. 1 pelts at
'18,00, few loads 104-105# $18.50, and 115# averages t17.50. Direct sales f.e.D.
&vlley at 41 shrink.




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