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:
AA00012178:00008

Related Items

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


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7ued LIVESTOCK


MARKET REVIEWS AND STATISTICS


Vol. 24, No. 10 Ma
Week ended March 3


Livestock Market Reviews. . .
Livestock Market Receipts (with monthly totals)
Feeder and Stocker Statistics .
Steer Sale Statistics (with monthly totals) .
Estimated Slaughter and Meat Production .
Slaughter at Major Centers .
Estimated Fercentage of Feeder and Stocker Cattle
Slaughter Cows in Salable Receipts.. .
Cattle Prices . .
Hog Prices . . .
Hog Purchase Statistics (with monthly totals) .
Sheep and Lamb Prices . .
Wholesale Meat Trade Reviews. .
Wholesale Meat Prices . .. .
Wool Market Review .. . .


rch 6, 1956


* .

* .
. .
ft
* .
S.n
9 *
and


* .
0 9
* 9
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Page
186
188
189
190
192
193


. 193
. 194
S. 195
. 196
S. .. 198
. 199
. 201
S. 232


Special to this issue

Inspected Stocker and Feeder Shipments from Public
Stockyards, January 1956. . .
Livestock Slaughter Ieat and Lard Production, Jan. 1956
Meat and Meat Food Products Processed and CEnned under
Federal Inspection, Calendar Year 19F5 .
Mohair Production and Value of Sales, 1955. .
Prices Received by Farmers, Feb. 15, 1956 .
Effective Parity Prices, Feb. 15, 1956 .'
The Livestock and Meat Situation, February 1956 .








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


(DIVISION Wee0


203
198

204
205
206
206
207


AllI-inaI


,4




186 MIDWEST LIVESTOCK MARKET REVIEW

Cattle receipts increased and the supply of slaughter steers and heifers
was at times in excess cf trade needs. The proportion of Prime steers decreased
and these sold mostly steady, instances strong to 500 higher. Late prices of
other grades were weak to t1.00 lower with sharpest decline on the predomir.ai+.
supply of Good and Choice offerings. Hog receipts were largest since January out
demand expanded and prices advanced 25-75#. Marketings of slaughter lambs were
fairly large but outlet was broad and closing prices were steady to 75# higher
with many sales showing advances of 500 or more,
SLAUGHTER CATTLE AND CALVES
The week's receipts of salable cattle at 12 markets were largest for any
week since January and showed a moderate increase compared with a year ago.
Prices of steer beef were again lower at some large wholesale meat centers, and
with fed cattle consisting predominantly of Good and Choice grades, supplies of
such offerings were in excess of immediate trade requirements. As a result prices
were under further pressure, and late transactions on steers and heifers were
mainly steady to l1,00 lower than a week earlier. Prices of Prime steers showed
least change, these losing an early advance at Chicago, with high-Choice and
Prime closing firm to 500 higher at Omaha and fully steady at Sioux City. Cows
closed 25-50# higher at Chicago, strong to 50 higher at Indianapolis, but mostly
steady to 50# lower at other midwest markets. Bulls also showed an irregular
price trend. Vealers and calves sold steady to 1.00 lower, instances as much as
42.00 off,
Marketing of fed steers weighing 1300# and heavier decreased somewhat and
average weights of beef steers at the majority of markets where these statistics
are gathered, were a little below those of the previous week, and indications at
least in the Omaha area were that the movement of heavy steers from commercial
feedlots was nearing completion. Proportion of heavy steers was still quite
large at a number of terminals, the week's average weight of 1158# at Chicago
being 67# above a year ago, the average at Sioux City 62y above last year; at
Cmaha 41# heavier than a year ago and at St. Louis National Stock Yards, where
more than 100 loads of steers averaged over 1100#, the average weight was 30#
heavier than a year ago.
Good and Choice steers under 1150# showed most decline at Chicago, and with
proportion of heavy steers gradually decreasing and percentage of Prime of all
weights smallest since last July, Good and Choice offerings under 1150# commanded
smaller premiums over heavier steers of the same grade than at any time in months.
Prices of Prime steers at Chicago ranged from $18.50-25.00; Choice $17.00-20.50;
Good mainly l E.OC-17.00; Utility and Commercial 412.50-14,50. Sales of Prime
steers included 14C0-1650f weights from t18.50-21.00, high-Prime 1350# reaching
'23.50o STOCKER AND FEEDER CATTLE AND CALVES

Trading was slow to only moderately active and somewhat uneven for seasonal-
ly small to moderate supplies of stocker and feeder cattle and calves at terminal
markets. Buyers of feedlot replacements continued to operate very cautiously in
the face of the unfavorable price relationship between fats and feeders. At the
same time*, the relatively good demand which had prevailed for stockers in recent
weeks showed a tendency to slow down during the week under review. Fresh declines
on fat cattle together with the report of an all-time high in cattle numbers were
among the factors tending to reduce the demand for stockers even though the start
of a new grass season is now not too far from reality. As a result, prices for
most offerings were on a steady to easier basis, instances 50 lower. A sizable
proportion of the week's supply consisted of stockers 675# down, but fewer Choice
stockers were offered than the previous week. At the same time the supply of
Good and Choice 800-950# feeder steers, while not overly plentiful, was moderately




187
increased. As has been the case for many weeks, stockers 650# down commanded
considerably higher prices than the same grades cf feeders 800# up. At Kansas
City the average cost of all calves shipped to the country was only l1,46 lower
than the same week a year ago, while the average of all stocker and feeder steers
500# up was t3.38 under a year ago. Meanwhile, the average price of all fed
steers sold on that market during the week at 16.45 was t5.68 lower than a year
ago. In fact, the fed steer average cost there was 58# lower than the average
cost of stocker and feeder steers. A few Choice 775-900# feeder steers around
the market circuit brought 417.00, but majority Good and Choice steers 800# up
cashed from t15.00-16.50, Good and Choice yearling stock steers brought t16,50-
21.00, the same grades steer calves *17.00-22.00, a few upward to t23.00.
HOGS
Hog prices turned upward after four weeks of continuous declines. Receipts
were not a contributing factor as combined marketing at the 12 terminals and
in the Interior Iowa-Southern Minnesota area were largest since January and about
27% larger than a year ago. Prices in the wholesale fresh pork trade were
generally lower. Thus, the main bullish influence was a substantially expanded
demand for hogs, possibly stimulated to some extent by the increased volume and
attractiveness of new-crcp hogs at the majority of markets. Although prices de-
clined Tuesday and Yednesday, downturns on those days were more than offset by
substantial advances or, other days and butchers showed net upturns of 25-75# for
the week. Outlet to order buyers was below normal at some points but moderate to
normal at others. Mcst butchers consisted of 190-260#weights with increased num-
bers of new-crcp hogs under 230# and some increase in the proportion of No. 1 and
2 grades in those weights. Despite the increased proportion of No. 1 and 2 lots,
these sold 25-500 and occasionally 75# or more above butchers of the same weight
grading No. 2 to mostly No. 3. The diminishing supply of butchers over 240#
usually found reliable outlet and butchers up to 300 or heavier sold readily.
General price range remained narrow and weights from 190-3003 or heavier often
sold within a spread of 1.50 or less. Prices of weights under 190# were still
under some pressure but discounts from prices paid for 190-220# lots were not
nearly as severe as during the previous week. Movement of fall-farrowed offerings
was in full swing in the Interior Iowa-Southern Minnesota area where volume was
largest of record for this time of year. Market News coverage was recently ex-
tended to a number of points in Interior Indiana. Last week's receipts in the
area covered totaled about 69,800 hogs compared with 52,300 a week earlier,
Nearly 401 of the week's run arrived on Monday as farmers reduced holdings prev-
ious to March 1, personal property declaration day in Indiana. Demand was good
and prices were about 254 higher for the week.
Stocker and feeder pigs brought steady prices at South St. Paul, Good and
Choice $10.00-10.50. Prices at Sioux City were weak to 50# lower, Good and
Choice $9.75-10.25. At Kansas City a few 100-150# feeders of the same grades
brought $8.00-10.50.
SHEEP AND LAMBS
Receipts at midwest markets were about the same as last week.Trading was
quite active as wholesale dressed lamb prices continued to improve. Fat lambs
sold unevenly steady to 7L# higher, with prices at most points advancing 25-50#
or more. Prices at some markets were the highest since last fall. With the ex-
ception of ewes at S. St. Paul, which sold 500 higher, other classes were mainly
steady. Lambs over 110C were discounted up to $2.C0 per cwt. for 125-135# aver-
ages, but some around 120# sold only 1.00 under comparable lambs 110 and
lighter. Good to Prime wooled offerings 110# down bulked at 18,75-21.00, a few
t21.25-21.50. The same grades of 120-1354 weights brought $17.00-20.00. Cull
to low-Good lambs ranged from 10.00-19,00. Good to Prime shorn lambs carrying
No. 2 to summer shorn pelts cleared at 18.,00-20.50, mainly $20.00 down, with
Continued on page 208,




188


Market


Chicago
Cincinnati
Denver
Fort Worth
Indianapolis
Kansas City
Oklahoma City
Omaha
St. Joseph
St. Louis NSY
Sioux City
S. St. Paul

Total


RECEIPTS, SALABLE AND TCTAL OF LIVESTOCK AT PUBLIC STOCKYARDS
Month of February

I Cattle Calves


Salable
1956 : 1Q955 :


187,934
17,027
52,302
28,745
34,242
88,481
39,868
154,808
57,480
69,645
95,600
87,031
913,163


157,231
15,979
50,571
31,113
35,093
70,822
39,C53
150,595
56,127
57,894
86,143
83,585


Total
1956 _: 1955


196,156
22,409
65,704
40,519
34,489
110,582
46,188
158,048
57,961
78,791
100,474
89,958


1,001,279


158,558
19, ~84
63,252
43,679
35,287
91,860
42,855
155,058
56,654
67,016
88,219
86,184


Salable


1956 :
5,499
4,577
2,251
6,215
4,518
5,028
3,195
3,767
3,417
13,875
3,981
50,915


19
5,
4,
R,
3,
10,
4,
5,
5,
2,
3,
13,

41,


107,238


S Total
55 : 1956 : 1955
485 6,817 8,553
517 4,577 5,811
123 2,920 4,521
026 10,197 14,266
964 4,518 4,964
401 8,728 10,502
139 3,679 5,312
868 3,767 2,868
102 3,417 3,529
199 16,427 18,159
986 4,611 986
253 52,646 42,916
122,304


834,206 908,516 100,063 122,367


Hogs


Sheep


Chicago
Cincinnati
Denver
Fort Worth
Indianapolis
Kansas City
Oklahoma City
Omaha
St. Joseph
St. Louis I4SY
Sioux City
S. St. Paul

Total


226,687
79,915
14,685
10,346
242,470
53,243
15,129
215,481
128,148
266,7"-3
171,165
217,294
1,721,305


202,878
74,838
13,057
7,951
217,520
33,297
11,884
153,706
84,573
192,522
140,559
224,611


280,"46
84,864
48,980
67,924
242,-170
6A,095
8P,315
318,174
161,360
290,562
197,270
324,822r
2,165,688


251,672
76,468
50,244
57 540
217,520
A_4 437
17 ,931
226,091
121,322
222, 391
151,9.'
2^'., -73


47,962
2,158
96,566
47,120
9,262
20,606
8,305
5^,215
15,390
16,598
38,729
51,913
"0PQ,824


60,489
1,936
94,014
47,165
9,444
17,101
6,894
75,394
18,00A1
S17,79
52,737
53,661


1,357,396 1,712, 60 154,63

INTERIOR IOWA AND SOUTHERN IINNESOTA
Hogs Sheep
February 1956. 1,651,003 116,000
February 1955. .. 1,261,000 118,900


54,485
2,991
128,864
59,622
9,461
54,137
19,328
73,770
51,024
25,005
45,562
79,867
604,116


6


55,673
1,936
116,007
55,582
9,663
31,277
6,926
87,974
65,997
25,847
59,842
73,987

600,711




WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS 189
Cattle Calves Hogs Sheep
L --------- I .... .. ..---- I--- .. .. .
Mart Mar. Mar. Mar. : Mar. Mar. Ihar. :.r. Mr,
Mare3 5 3 5 3 : 5 3 5
1956 1955 : 1956 1955 : 1956 1955 1956 1955
------------------ ---------------------------------------L---L----------------------------


Chicago....-------
Cincinnati..........
Denver....-------
Fort Worth.----------
Indianapolis.--------
Kansas City--------
Oklahoma City......
Omaha .._...-------
St. Joseph ---......
St. Louis NSY..-----
Sioux City...-......
S. St. Paul....--...


47,815
4,259
14,917
8,080
8,007
21,306
11,782
39,328
14,705
18,297
23,618
21,931


38,768
3,979
15,412
7,315
7,620
18,000
10,154
40, 158
13,781
14,916
23,104
22,195


1,551
1,038
661
1,372
1,261
1,100
875
1,151
1,054
3,277
509
12,169


864
1,130
968
2,974
1,385
1,332
1,262
821
736
3,459
238
10,871


55,989
18,706
3,702
3,247
55,730
13,543
4,748
47,282
34,319
71,603
39,653
83,239


49,118
18,722
3,319
1,980
57,392
9,926
3,745
38,759
22,366
55,972
36,259
60,137


10,929
221
26,101
11,654
1,769
5,106
2,309
14,807
3,405
3,825
9,776
11,790


11,003
323
27,733
13,223
823
5,548
1,493
20,744
3,498
2,732
12,348
11,011


Total-...------ 234,045 215,702


26,018 26,040 431,761


357,695 101,692 110,473


Feb. 2.5 1956 210,692 23,694 400 618 101 785
F. .. .2.5,. .--.9 6 --21- 92.- ------9 -..-----.---- -- ---------- --........---....-i.. 8
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
Mar. 3, 1956 ................ 456,000 27,700
Feb. 25, 1956 .......--...--... 387,000 25,500
Mar. 5, 1955 ---------------- 334,500 27,600
FEEDER AND STOCKER CATTLE: AVERAGE COST. WEIGHTS AND NUMBER
.--.--- ...--- .- ..---. ---------. ------- -- ------------. ----. ---- ...........- m.. -.....
Week ended Month Two months
Mar'. e 23: Mar. 3 Feb., Feb. Jan. ;- Feb.
1956 1956 : 1955 1956 1955 1956 .1955
I-- ----------------------- J---------- --
Steers O100l up 135 304 470 1,500 1,917 3,391 4,142
901-1000 1,093 1,060 2,222 5,513 8,202 11,608 16,813
801-900 2,852 2,240 3,469 10,199 10,804 26,382 26,171
701-800 2,500 2,450 3,177 11,081 10,966 28,349 28,492
501-700 9,678 7,864 9,473 32,465 26,110 67,233 704928


Total steers 10 mkts.
Av. wts." "
Av.cost*" "
" Chicago
" Ks. City
" Omaha
" "S. St. Paul
S Sioux City
"Denver
Ft. Worth
Okla. City
S" S. St. Joseph
Natl. Stk. Yds.
Total calves-l0 mkts.
cows.
heifers, bulls- "


16,258
692#
$16.66
16.58
17.03
17.13
14.78
16.89
16.48
16.34
16.67
16.64
15.98
5,002

2,273


13,918 18,811 60,758 57,999 136,963 146,546
697w 72:3 710# 738f 717f 721#
$16.67 $19.77 $16.54 $19.71 $16.59 $19,76
17.48 19.63 16.86 20.24 16.81 20.02
17,10 20.41 17.04 20.46 17.09 20.43
16.44 19.97 16.38 19.60 16.36 19,59
15.01 17.59 15.03 18.10 15.05 17.59
17.27 20.01 16.82 20.10 16.66 20.15
16.00 20.68 16.11 20.12 17.53 22.09
16.60 19.66 16.31 19.02 16.29 18.69
16.13 19.89 16.40 19.12 16.33 18.46
16.33 18.75 16.41 19.24 16.38 19.41
16.25 18.57 16.20 18.81 16.14 18.61
4,689 4,913 18,931 15,937 53,071 65,126


2,093 3,433 9,265


9,836 23,025 30,657


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





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
--- -- -.- -. -- -.- -BEE--------~pOU O ------ ------
Percent of Avrg wi Average price
.. Average weight ..
Number of head total o u ) in dollars
,b, i (pounds) 100 b..
b y grades : per 100 Ih.
Grade Week ended
I----------------------------------------------------- ---------------J-----------------
ar. Feb. Mar. Mar. Feb. Mar. ar. Feb. Mar. Mar. Feb. Mar.
1 23 3 1 23 3 1 23 3 23 3
1956 91956 1955 1956 1956 195 956 956 1955 1956 ,1956 1955
CHI----CAG


Prime
Choice
Good
Com'I.
Utility


All grades


Prime
Choice
Good
Coa'l.
Utility
All grades

Prime
Choice
Good
Coall.
Utility
All grades

Prime
Choice
Good
Cou'l.
Utility
All grades

Prime
Choice
Good
Co'l.
Utility
All grades

Prime
Choice
Good
Ca'l.
Utility
All grades
*Revised.


Prime
Choice
Good
Co-'l.
Utility


3974 3891 490 13.4 14.1 2.3 1296 1302 1167 21.70 21.86 31.91
16657 16455 12547 56.4 59.7 57.8 1193 1187 1151 18.63 18.95 25.83
7451 5772 7052 25.2 20.9 32.5 1044 1054 1016 16.63 16.89 21.80
1093 1152 1221 3.7 4.2 5.6 971 1015 933 14.51 14.78 18.02
380 293 392 1.3 1.1 1.8 984 961 925 13.20 13.31 15.26-
2955 27563 21702 1158 1166 1091 18.45 18.82 24.22
OMAHA 1/
322 456 39 1,9 2.6 .2 1274 1299 1236 22.13 21.41 31.50
9085 9333 7352 53.4 52.8 48.1 1154 1148 1128 18.27 18.09 23.94
6453 6546 6654 38.0 37.1 43.5 1065 1082 1027 16.33 16.29 20.92
959 1111 1006 5.6 6.3 6.6 992 1008 969 13.79 14.03 17.12
179 218 241 1.1 1.2 1.6 868 899 883 11.67 11.65 14.44
16998 17664 15292 1111 1115 1070 17.37 17.25 22.17
-------- ------- ------- -------- -------------- ------ t ------------------------',', ,':
SIOUX CITY 1
130 760 41 1.6 9.8 .6 1324 1304 1230 21.11 20.41 30.01
3982 3394 2052 49.4 43.7 30.9 1187 1159 1108 18.43 18.34 24.09
3358 3147 3946 41.7 40.6 59.4 1093 1076 1069 16.65 16.61 21.10
419 318 374 5.2 4.1 5.6 998 1017 999 14.46 14.15 17,20
168 139 235 2.1 1.8 3.5 1034 926 975 12.73 12.36 14.26
8057 7758 6648 1137 1130 1075 17.48 17.66 21.69
KANSAS CITY 1/
32 42 2 .4 .1 -- 941 1026 1032 20.70 20.00 28.00
2472 2968 1781 31.0 35.8 52.6 1111 1108 1078 17.81 17.72 23.53
3487 3902 1499 43.9 47.1 44.2 1055 1056 1023 16.39 16.34 20.76
1619 1218 94 20.3 15.0 2.8 1010 1016 1045 14.96 14.96 16.92
350 161 13 4.4 2.0 .4 1048 1006 906 13.12 12.56 14.57
7960 8291 3389 1063 1067 1052 16.45 16.59*22.13
ST. LOUIS NSY 1/
-- 12 -- .2 .- -- 987 -- 21.33 --
1680 1472 568 24.8 24.1 15.4 1081 1097 1055 18.01 18.35 24.84
3438 3457 2263 50.8 56.6 61.4 1033 1042 994 16.47 16.50 21.76
1409 1079 736 20.8 17.7 20.0 954 969 967 14.47 14.68 18.82
239 85 119 3.6 1.4 3.2 926 817 895 12.68 12.58 15.80
6766 6105 3686 1025 1039 995 16.36 16.64 21.52
S. ST. JOSEPH 1/
6 3 -- .1 -- -- 1124 1163 -- 20.99 21.00 --
2739 2213 3076 42.5 36.3 50.2 1126 1136 1108 17.97 17.92 23.34
2618 2867 2556 40.6 47.0 41.7 1080 1118 1003 16.45 16.23 20.16
938 858 434 14.5 14.1 7.1 1045 1020 986 14.76 14.34 15.94
150 158 59 2.3 2.6 1.0 982 956 914 12.84 12.44 13.48
.4. 651 6099 6125 1092. 1107 1054 16.81 16.53 21.50
Continued.





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER 191
.---- ----. --.--.------- ----T^-^P y- f f ^ --- -- -- -- -
Percent of a Average price
S Average weight .
Number of head toul (pounds) in dollars
by grades per 100 lb.
Grade I.onth
.- .-.,- -------------- -------- -------------- I ------ ------ ------------ ------
Feb. Jan. Feb. Feb. Jan. Feb. Feb Jan. Feb. Feb. Jan. Feb.
I 1956 I 1e96 1 1955
1956 1.56 1955 1956 1956 155 195 1955 1956 1956 1955
I CHICAGO.
CHICAGO


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
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades


Pi e
Chic
Goo


20564 33842 3483 17.0 24.5 4.1 1278 1239 1145 21.90 22.05 32.25
68138 71439 43592 56.4 51.7 50.6 1187 1164 1148 18.88 20.02 26.17
25985 29404 32073 21.5 21.3 37.2 1059 1056 1045 16.82 17.81 22.34
4655 2955 5371 3.9 2.1 6.2 1003 958 934 1A.71 14.99 18.16
143. 601 1653 1.2 .4 1.9 977 930 916 13.27 12.85 15.07
120781 138241 86172 1166 1154 1092 18.85 20.01 24.46
OMAHA 1/
1597 2533 318 2.3 3.1 .6 1275 1230 1156 21.55 21.75 31.80
38011 49763 27451 54.1 60.9 48.2 1157 1137 1116 18.22 19.57 24.51
25007 23654 25099 35.6 28.9 44.0 1083 1101 1034 16,24 17.15 21.36
4682 4341 3153 6.7 5.3 5.5 1014 1048 972 13,87 14.67 17.27
885 1455 971 1.3 1.8 1.7 930 976 911 11.71 12.71 14.60
70182 81746 56992 1121 1122 1068 17.29 18.61 22.71
-------- --------------- --------------- ------- ------- --------------- ---------------
SIOUX CITY ..
1586 2699 221 4.9 6.8 .9 1235 1206 1224 20.52 21,57 30,82
15137 21444 9387 46.5 54.1 36.1 1177 1156 1126 18.47 19.84 24.84
13562 12691 14561 41.7 32.0 55.9 1083 1078 1066 16.68 17.74 21.59
17Z7 2518 1364 5.4 6.4 5.2 1014 1021 1033 14.30 14.88 17.23
499 295 505 1.5 .7 1.9 1001 981 988 12.16 12.17 15.10
32541 39647 26038 1132 1125 1085 17.58 18.99 22.56
KANSAS CITY 1/
.'i.' --.....---------- .....- -------- --- -.....---"-.... ... -- -- --- j. -------"........-
139 414 -- .4 .9 -- 1075 1172 --20.12 21.05 --
11400 19570 8366 35.4 43.7 44.0 1113 1132 110717.77 19.03 24.30
14620 21772 9869 45.4 48.6 51.9 1062 1078 1022 16.31 17.08 21.53
4900' 2555 697 15.2 5.7 3.7 1018 1041 983 14.84 14.67 17.38
1157 17 74 3.6 1.1 .4 1052 990 1030 12.62 12.93 15.11
32216 44828 19006 1083 1099 1058 16.52 17.82 22.64
ST. LOUIS NSY 1/
42 153 -- .2 .5 -- 1126 1092 -- 21.82 22.27 --
5371 7323 1506 21.6 24.3 11.7 1087 1081 107318.26 19.43 25.19
14496 17204 8300 58.3 57.1 64.7 1033 1039 1012 16.40 17.27 22.41
4416 4946 2676 17.8 16.4 20.9 968 983 95014.44 15.32 19.46
520 504 350 2.1 1.7 2.7 906 863 86112.54 12.93 15.83
24945 30130 12832 1031 1038 100216.43 17.48 22.03
- S. ST. JOSEPH 1/ ... .
47 101 1 .2 .3 -- 139' 1044 1050 20,16 21.61 27.05
8981 18110 10697 35.8 52.6 44.6 1136 1123 111117,90 18.99 24.10
11748 13754 11431 46.8 39.9 47.6 1099 1076 101616.35 16.57 20.73
3769 2175 1691 15.0 6.3 7.1 1030 1040 101014.44 14.32 17.00
555 291 177 2.2 .9 .7 954 890 836 12.37 12.21 14.07
25103 34431 239.97 10 99 1097 105616.58 17.72 22.02
Conti--ued.
Continued.










Grade


Prime
Choice
Good
Com'1.
Utility
All grades

Grade


BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
: ~ Percent of veag weht Average price
i Number of head : total Average in dollars
- -. .-- -b grades o per 100 lb.la
: Week ended
: Mar.I Feb,: Mar,: Mar.t Feb.: Mar.: Mar.: Feb.: Mar. iMar.: Feb.: Mar.
1 : 23 3 : 1 t 23 : 3: 1 : 23 : 3 : 1 : 23 : 3
: 1956: 1956: 1955: 1956: 1956: 1955: 1956: 1956: 1955: 1956: 1956: 1955
DENVER I/


-- .6


4002 3136
1339 1059
76 50


2330
1138
76


73.4
24.6
1.4


- -- 1112


73.7
24.9
1,2


-- 10 4 .- .2
5451 42F5 3548
:Feb.: Jan.: Feb.: Feb, Jan.:
:1956: 1956: 1955: 1956: 1956:


Prime 34 558 70 .2
Choice 12793 13374 9504 71.0
Good 4856 6087 3581 26.9
Com'l. 330 170 72 ,. 8
Utility 22 3 20 .1
All grades 18035 20192 13247
I/ These summaries developed from
by the Agricultural Estimates Divisi


DE
2
66
30


NVE
.8
.2
1.2
.8


65.7 1153
32.1 1137
2.1 1003
.1147
1147


Feb.: Feb.:
1955: 1956:
R I/
,5 1112
71.8 1155
27.0 1125
.5 1018


-- .2 938
1144


-- -- 21.00


1172
1089
1050
991
1149
Jan.:
1956:


1149
1158
1119
1164
1082
1146


1072
1044
1002
998
1061
Feb.:
1955:

1108
1081
1057
1100
866
1075


18.09
16,40
12.85

17.63
Feb.:
1956:

21.00
18.40
16.63
13.34
11.12
17.85


data collected on marketing of fed


18.10 24.31
16.61 22.40
13.08 16,45
10.75 13.00
17.68 23.54
Jan.: Feb.
1956: 1955

22.72 27.00
19.54 2.,05
18.06 23.33
14.17 15.80
12.50 13,77
19.14 24.54
cattle


ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
^.: ", Pork : Lamb : .4-


V __- -e---- lexcl.lardj
: Num- : Prod : Num- : Num-:
Prod Prod, Prod.
i ber : : ber : : ber :
l 000 mil.1b, 1000 mil.lb. 1.000 mil.lb
379 214.5 145 16.0 1,634 216.E
339 192.9 133 15.0 .1,391 184.7
J 362 206.0 141 15.9 1,453 192.f
340 186,3 142 15.0 1,265 169.


Percentage change from:
Feb. 25, 1956 +12 +11
Mar. 5, 1955 +11 +15


Week : Cattle
ended
Live :Dressed:


Mar, 3, 1956 1,020
Feb. 25, 1956 1,025
Feb. 18, 1956 1,025
Mar. 5, 1955 966
l/ Actual slaughter


566
569
569
548
and


+7 +17
+7 +29


+17
+28


: and Mutton : 2
: Num-: meat
Prod. prod,
: ber :


100oo
293
266
277
278

+10
+5


Total
lard
prod.
: _


mil.Ib.mil.Ib.mil.lb.
14.4 461.7 53.9
13.0 405.6 47.3
13.6 428.0 47.9
13.6 384.1 43.3


+11 +14
+ 6 +20


Average weight (lb.)3
n: i


Live


200
205
205
189
revised


uCalves : nuo /:
-2/:
:Dresseds Live :Dressed:
110 230 133
113 231 133
113 232 132
106 236 134
estimate of production.


Sheep


+14
+24


:Lard
:yield


and lambs :per
Live_ Dressed:100 lb _
104 49 14,3
103 49 14.7
103 49 15.1
104 49 14.5
27 Excludes lard.


Week
ended


Mar. 3, 1956
Feb. 25, 1956
Feb. 18, 1956!
Mar. 5, 1955


.

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CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
---------------------- -- --------------------------------------------------------------------


Classification


Prime 900-1100#
1100-1300
Choice 900-1100
1100-1300
Good 900-1100
Com'l. All wts.
Heifers -
Prime 600-800#
Choice 0 '
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


23,12
22,92
19.75
19,10
16,85
14,55


18,18
15,98
13.85

12,08
10,8
9.75

12.55
14, 52

26.10
20.20

19,50
15,00


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


31.25
32.50
27.42
27.50
21.62
17.85


23.75
19.62
16. 50

13.12
11.48
10.00


: 21.12
: 20,40
:18.90
:18.30
:16.30
:14.55

S -
18.12
:16.18
:14.00

:11.98
:10.72
9.82


12.85 : --
15. 02 : 13,58


24.60
19.20

19.20
15.10


:21.00
:17.00

:17.00
: 14.00


21.06
20.38
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


28.60
28.85
24.68
24.68
20.18
16.65


21.98
18.20
15.15

13.05
11.80
10.30


: 22.75
: 22.25
: 19.55
: 13.18
:16.05
:13.52

I -
: 8.02
:15.75
S13.48

11.78
2 10.60
9.35


-- :12.35
13.75 :13.14


21.70
16.30

18.00
14.50


:22.50
:17.00

18.75
:14.25


Feeder and stocker cattle and calves
Steers -


Choice 500-800#
Good '
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd. "
Cows All weights -
Medium & Good
Calves 300-500# -
Steers -
Good & Choice
Heifers -
Good & Choice


19.50
16.50
14.50


19.38
16.50
14.50


22.25 :18.88
19.75':17.50
17.25 :15.00


18.88
17.50
15.00


22.75
20.00
17.00


16.50 16.50 18.25 :16.50 16.50 19.00
13.50 13.50 15.25 :14.00 14.00 15.50


:19.00
:17.12
:14.62

:16.50
:13.50


-- -- :11.25 11.00 11,75 :10.88


21.00 20.75 22.00 :19.50 19.50 21.50 :2C.50

17.50 17.25 18.50 :17.00 17.00 18.75 :17.00


19.00
17.12
14.62

16.50
13.50


22.50
20.00
17.25

18.00
14.25


Steers -


22.88
21.81
19.62
19.22
16.25
13.50


18,31
15.84
13.50

12.12
10.88
9.50

12.75
13.38

22.50
17.00

18.75
14.25


23.15
30.15
25.48
25.48
20.45
16.88


22.38
18.12
14.50

12.82
11.32
9.58

11.75
13.37


20.50
16.00


10.88 11.12


20.50 21.75

17.00 18.25


Chicago Kansas City Omaha
7 ~ -------------------- I----------- ------
Mar. Feb, Mar. Mar. Feb. Mar. Mar. Feb. Mar.
3 : 25 5 3 25 : 5 3 : 25 5
,1956 : 1956 1955 1956 1956 1955 1956 1956 i 1955
Slaughter cattle, calves and dealers
- -





HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 195
In dollars per 100 pounds
--------------------------------------------------------------------------------
Interior Iowa and
Chicago southern Minnesota Indianapolis
Classification MMar "Feb." Mar-. "Mar. Feb'. Mar. Mar. ;Feb. Mar.
3 25 5 3 25 5 3 25 5
1956 1956 1955 1956 1956 1955 1956 1956 1955
--------------------------- -- -- --I-- -- -- -- -- --- -- -- --- -- -- -
Barrows and gilts -
U.S.No,. 160-180# 10.80 11.03 15.42 : 9.79 9.88 14.10 :10.92 11.16 15.85
2 & 3 180-200 12.08 11.72 16.20 : 11.40 11.40 15.48 :12.32 12.00 15.98
200-220 12.22 12.00 16.14 : 11.90 11.84 15.72 :12.40 12.00 15.95
220-240 12.25 11.97 15.94 11.52 11.46 15.35 12,14 11.84 15.72
240-270 11.97 11.75 15.43 : 11.06 10.94 14.74 11.82 11.38 15.10
270-300 11.68 11.59 15.06 :10.50 10.36 13,98 :11.42 10.81 14.65
Sows -
300-330# 11.28 11.38 14.38 10.32 10.22 13.48 11,00 10.75 13.68
360-400 10.82 10.94 14.00 : 9,85 9,72 12.82 :10.75 10.25 13.48
450-550 10.25 10.38 13.22 : 9.22 9.10 11.61 : 9.85 9.31 13.05
Pigs Stockerr and feeder)-
Gd. & Ch. 70-120# -- -- -- -- -- -.- -- -
Omaha St Louis Sioux City
National Stock Yards S

Barrows and gilts -
U.S.No.1 160-1801 -- -- -- 12.11 11.80 15.91 : -- --
2 & 3 180-200 12.65 12.38 16.42 : 12.72 12.44 16.38 :12.10 12.02 --
200-220 12.65 12.38 16.42 :12.70 12.44 16.28 :12.52 12.36 16.25
220-240 12.65 12.38 16.12 : 12.58 12.21 15.98 12,47 12.27 16,08
240-270 12.28 12.03 15.62 :12,22 11.85 15.50 :12,02 11.84 15.55
270-300 11.62 11.31 15.00 11,66 11.46 15.08 11.40 11.25 14.78
Sows -
300-330# 11.10 10.88 -- 10.75 10.90 14.58 : 10.78 10.88 14.00
360-400 11.10 10.88 14.20 : 10.38 10.40 14.22 : 10.38 10.38 13.82
450-550 10.12 9.88 13.65 : 9.62 9.68 13.42 : 9.50 9.38 13.08
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120# -- -- : -- -- -- -- --
S. St. Paul Baltimore : N. Portland
--- ------------------------------------- ----------------
Barrows and gilts -
U.S.No.1 160-180# 12.25 11.88 16.18 : 12.75 12.75 16.88 :13.84 14,09 18.75
2 & 3 180-200 12.90 12.56 16.28 : 13.12 13.12 16.97 : 14.34 14.34 18.91
200-220 12.90 12.56 16.15 : 13.12 13.12 16.97 14.34 14.34 18.92
220-240 12.90 12.44 15.80 : 13.00 12.88 16.62 13.94 14.09 18.75
240-270 12.52 12.09 15.10 :12.25 12,25 16.06 :13.09 13.25 17.88
270-300 11.58 11.28 14.40 ; 11 .50 11.88 15.41 :12.81 12.88 17.38
Sows -
300-3301 10.62 10.38 13.88 : 10.17 9.88 14.72 :11.75 12.00 16.22
360-400 10.12 9.88 13.25 : 10.17 9.88 14.72 :10.75 10.88 15.69
450-550 9.62 9.44 12.62 : 9.00 8.50 12.75 : 9,75 10.00 15.12
Pigs Stockerr & feeder)-
Gd.&Ch. 70-120# 10.50 10.50 15.72 : -- -- -- : --




196
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
St.
Louis Kan- S. S. 8-
Chi- Natl. sas Omaha Sioux St. St. Indian- mkts.
Week ended cago Stock City City Joseph Paul apolis corn-
Yards bined
AVERAGE COST Dollars per 100 pounds
Barrows Mar. 3, 1956 11.91 12.34 12.22 12,20 12.10 12.39 12.16 12.08 12.17
and Feb.25, 1956 11.74 12.11 11.99 12.03 11.87 12.28 11.92 11.79 11.95
gifts Mar. 5 1955 15.47 16.01 16.01 15.64 15.38 16.10 15.48 15.50 15.63
Mar. 3, 1956 10,54 10.08 10.41 10.52 9.92 10.61 10.10 9.94 10.29
Sows Feb.25, 1956 10.62 10.16 10.39 10.40 9.88 10.56 10.01 9.65 10.24
Mar. 5, 1955 13.68 13.91 13.97 13.89 13.48 14.24 13.30 13.13 13.62
AVERAGE WEIGHT -Pounds
Barrows Mar. 3, 1956 234 219 217- 230 234 221 222 221 225
and Feb.25, 1956 241 219 223 230 235 219 221 221 225
gilts Mar. 5, 1955 247 218 225 249 252 226 229 223 233
Kar. 3, 1956 422 413 454 407 411 390 407 451 418
Sows Feb.25, 1956 432 415 403 404 417 400 404 451 419
Mar. 5_ 1955 436 414 416 429 429 397 411 452 427
NUMBER OF HEAD -
Barrows Mar. 3, 1956 44946 65796 12529 42011 35478 31014 74404 51267 357445
and Feb.25, 1956 37714 56700 12233 42011 32798 30535 57470 59550 329011
gilts Mar. 5, 1955 42601 50507 9022 33873 31925 20533 51133 52958 292552
Mar. 3, 1956 5813 3427 652 3033 1370 2051 3138 3094 22578
Sows Feb.25, 1956 4920 3720 820 3125 1183 1894 2842 2929 21433
Mar.- .5 ,. 1955 ... 268.5 ..2286..... 449 .2_151.. 1---334 ..1022 ..1879 2.484 ..4290
SOWS Percentage of total
Mar. 3, 1956 11 5 5 7 4 6 4 6 6
Feb.25, 1956 12 6 6 7 4 6 5 5 6
Mar 5 1955 6 4 5 6 4 5 4 4 5
-----------l-..?, _._ .. 6........ _4 _____. 5_ ...... 6....... .4.._- ..... 5 ...... .4 ------- 4 ------
1/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
"" ." "".. i Gross spread
Hog products 1/ Hog prices 2/ : or margin 3/
------ ------------------------------------ ..-.
Mar. 3, 1956 15.26 $12.08 +$3.18
Feb. 25, 1956 15.59 11.72 + 3.87
Mar. 5, 1955 17.98 16.20 + 1.78
-- ar*.- -- -L ---------- ---17i .--- -- ------.16* ^ --, -- ------+ -l-* --- -----
1/ Value of all edible products, fresh basis (lard rendered) in 100 Ib. 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, I/ Hog-corn
Week ended gilts No. 3, yellow price ratio
Dollars per Cents per based on
100 pounds bushel barrows and gilts
------------------- -------------------- I-------------------- I------------------------
Mar. 3, 1956 11.91 124.5 9.6
Feb. 25, 1956 11.74 126.6 9.3
Mar. 5, 1955 15.47 143.7 10.8
Sl Simple average price.





HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
------------------------------------------
..... ................... ."............... ......... ...........8.. ... ....--
Mnth Louis Kan- S. S. -
Month Chi- Natl. sas maha Sioux St. St. Indian- mkts.
cago Stock City Oa City Joseph Paul apois corn-
Yards bined
S-----------------------------------------
AVERAGE COST Dollars per 100 po.inds
AV R G O T - -- -----------------o
Barrows Feb. 1956 12,28 12.58 12.45 12.52 12,20 12.59 12.24 12,48 12.41
and Jan. 1956 11.47 12.06 12.04 11.57 11.56 11.96 11.43 12.10 11.70
gilts Feb. 1955 ir.0 1 .6 16.64 16.16 15.89 16,66 15.99 16.42 16,.2
Feb. 1956 10.62 10.31 10.43 10.56 10.16 10.60 10.13 9.83 10.33
Sows Jan, 1955 9.22 9,2' 9.28 9.38 9.29 9.54 9.29 8.65 9.21
Feb..1955 14.30 14.29 14 30 .4.0.Q 1 77 14 ,4.6. 7. 4,0 .Q..L A 9
AVERAGE WEIGHT Pounds
Barrows Feb. 1956 239 220 222 231 237 221 223 222 227
and Jan. 1956 241 226 229 234 235 224 225 228 271
gilts Feb._ 1955... 250.... 228. 250 2.53... 230 ..232 226 236
Feb. 1956 435 412 424 411 420 400 410 450 422
Sows Jan. 1956 "5 432 437 419 417 408 421 470 34
Feb. 19E5 1 3 -1,5 428 4_ 438 412 115 44' l.s3
NUMBER OF HEAD -
Barrows Feb. 1956 185831 235881 4E561 213554 151718 116328 266372 222601 1441866
and Jan. 1956 250360 244692 45599 251077 21761 131553 330129 228360 1713551
gilts Feb. 15F5 170206 173773 30737 17e855 126704 77784 1?6117 202818 11167C4
Feb. 1956 18718 14153 3:88 13743 5706 7594 12C92 13438 08532
os Jan. 1956 27882 16194 3348 18475 8918 8933 18322 15890 117962
Feb. .1955 _. 11_34 2 7228 _. 1166 68.50. 40 ..01 715. 9.0 5097
SOWS Percentage of total
Feb. 1956 9 6 6 6 4 6 4 6 6
Jan. 1956 10 6 7 7 4 6 5 7 6
Feb. 1955 6 4 4 5 3 5 4 4 4
I/ Weighted average.
MONTHLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG. COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
-------------- -------------------- Gross spread
Hog products 1/ Hog prices 2/ or margin 3/
----------------- -------------------- -------- ft---------------------- r-------/
Feb. 1956 15. tl $12.77 +42.81
Jan. 1956 15.00 12.30 + 2.70
b 1955 16.80 17.15 + 1.65
1/ Value of all edible products, fresh basis (lard rendered) in 100 Ib. 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- 200N wt. Chicago.
3/ Difference between wholesale product value and hog prices.

HOG AND CORN PRICES AT CHICAGO AND HOG-CORN PRICE RATIO
Barrows an Corn, Hog-corn
gilts /No. 3, yellow price ratio
Month Dollars per Cents per based on
100 pounds bushel barrows and gilts
Feb. 1956 12.28 125.9 9.8
Jan. 1956 11.47 124.5 9.2
Feb. 1955 16.10 149.5 10.8
l/ lightedted average.





SHEEP A..D LAEJ3: IVEEKLY AVERAGE OF DAILY QUCTATIC11S
In dollars per 100 pounds
S: I :Ogden &:South
-- :Kansas : Fort North :San
Chicago Omaha o Denver :
: : City : Worth : :Salt :Fran-


LAMBS 110*
Choice and
Prime

Good and
Choice

EWES (WCCLED
Good and
Choice

Cull and
Utility

FEIl2ER LiMuS
Good and
Choice

*Spring lan


down
Mar.
Feb.
IHar.
iaMr.
Feb.
Mar.


: : i : : :Lake :cisco
( .CCLD) -
3, 1956 20.65 20.60 20.25 -- 20.06 -- 18,50**
25, 1956 20.25 20.12 19.68 -- 19.88
5, 1955 22.75 ,2.38 21. 05 -- 22.02 -- 21.00
3, 1956 19.90 19,65 19.35 18,45 19.00 17.60 18,00**
25, 1956 19.50 19.38 18.81 17.88 18.75 17.10 18.50
5. 1955 22.00 21.35 20.95 22.75* 20.50 20.00 20.00


Mar. 3, 1956
Feb. 25, 1956
Miar. 5, 1955
Mar. 3, 1956
Feb. 25, 1956
Iar. 5, 1955


7.
7.
8.
5,
5.
6.


Mar. 3, 1956
Feb. 25, 1956
Mar. 5. 1955
nbs. **Shorn basis.


75
50


6,00
5.50


5,
5.


00
00


15 8.50 _7.50
75 4,45 4,25
62 4.25 4.25
75 6.75 6.12

-- 19,00
19,00
-- 20.75 --


17. 23
16.95
19,00_


9.25
8.62
9,50
6.75
6.50
6.38

18.45
18.38
20.75


6.50
6.00

4.00 --
3.75 --


LIVESTOCK SLAUGHTERED, UriITED STATES, JANUARY 1956, 7AITH COMPARISONS l/
:: Cattle Calves
h : Other : Av. : Other : : Av.
: Federally : whole- : Total live :Federally: whole-: Total : live
: Inspected : sale & : :weight:Inspected: sale &: :weight


: retail :
Thousand head


: : : retail:
Pounds Thousand head


Pounds


Jan. 1956
Jan. 1955


Jan. 1956
Jan. 1955


1,696.9


558.7 2,255.6 984


F01. 9


366.1


968.0 215


1,521.1 562.4 2,083.5 947 563.5 407.8 971.3 213
Hogs : Sheep and lambs


6,705.3 1,354.9


5,518.9


1,331.1


8,060.2 235 1,329.0 163.1 1,492.1


6,850.0


242 1,223.3


100


153.2 1,376.5


/ Excludes farm slaughter. "Other wholesale and retail" slaughter is estimated.


Month


Jan. 1956


HIEAT AND LARD PRODUCTION, UNITED STATES,JAiNUARY 1956 I/

: Beef Veal P Pork 2/ t Lamb and : Total
-: : _L Mutton : meat/ _:
Mill ion Pounds
1,229 115 1,061 72 2,477


Jan. 1955 1,072 114 944 66 2,196 236
1 Excludes farm slaughter. 2/ Excludes lard and rendered pork fat.
I Includes rendered pork fat. Agricult l Es
Agricultural Estimates Division.


1-ont


Lard 3/


273


----~


I


__ -- --


--
--.


-------,





NEW YORK WHOLESALE MEAT TRADE REVIEW
westernn Dressed Fresh Meats

Receipts of Vestern dressed fresh meats were normal the forepart of the week,
but most late unloads were only moderate. Reduced shipments of beef and lamb re-
sulted in a better balance between supply and demand. Movement of fresh meats was
mostly fair, but outlet for lamb was less favorable than anticipated. Very few
Prime steers were on offer, and volume of lamb under 45# was relatively small.
Price trends were uneven and the undertone reflected softness after small advances
at the outset. Compared with the previous week: Steer beef steady to $1.00
higher; cow beef unevenly $1.00 lower to $1.00 higher; veal weak to $3.00 lover;
calf $1.00-2.CO lower; lamb steady to $2.00 higher; pork loins weak to $1.00 lower;
other fresh pork cuts unevenly $3.00 lower to $2.00 higher.
Formal steer beef stocks consisted mainly of Good and Choice 650-850# car-
casses, with Prime very scarce. Demand it the week's opening centered on hind-
quarters, which sold at higher prices and reflected a large part of the upturns
shown on carcass returns. Inquiry for ribs expanded somewhat and demand for other
cuts was fairly dependable. Cow beef closed lower.
Veal and calf prices weakened progressively, with declines on all grades and
weights. Daily clearances were incomplete, with indications that some offerings
would be carried over. Lamb prices followed an uneven pattern,'but closed mostly
higher, with the full advance of 2.00 on preferred weights of around 38-45,-.
The fresh pork trade lacked stability despite a firm undertone at ,wholesale
levels on the initial session. Purchases were held to a minimum, with bulk of
sales weak. Prices of fresh loins and Boston butts eased off after showing some
strength early.

Locally Dressed Fresh Meats

Trading on Monday was fairly active with most retail outlets participating,
while subsequent sessions brought less urgent action on the part of buyers. Beof
prices for the most part were unchanged except Prime which sold higher. Veal and
calf prices worked lower in the face of a narrow outlet, while strength on lamb
waned toward the close. Fresh pork prices weakened after small early upturns.
Kosher beef and lamb moved dependably at steady prices while kosher veal sold weak
to lower in a slow trade.
Prime steer offerings made up a small portion of the total. Demand for hind-
quarters was fairly good, and the bulk moved out freely into practically all re-
tail channels. A moderate number, however, were assigned for delivery during the
current week at commitments based on billings of the previous-week. Practically
all primal wholosalc steer bcof cuts found reliable outlet. Prices of Prime offer
ings worked higher, due to scarcity. Demand for kosher beef was slow to mostly
fair, with prices unchanged.
Lower prices wcre recorded for all grades and weights of veal and calf. Daily
sales averaged mainly from the middle to low end of quotations, with cloarances
incomplete at the close of business on each session. Kills were curtailed in on
effort to stabilize the market. Lamb carcass values averaged about $1.00 higher,
with most strength for selections scaling 50# down. Gains of around $2.00 were
registered on kosher lamb foresaddles.
A fully normal supply of fresh pork cleared satisfactorily as volume accounts
were most aggressive late after a slow early trade. Fresh loins and Boston butts
sold progressively lower, while other cuts closed at steady prices but under
pressure.
Local slaughter of hogs and lambs was largest since January, while the cattle
kill was largest since early last December.




200
CHICAGO WHOLESALE MEAT TRADE REVIEW

Supplies of fresh meats were larger than the previous week when slaughtering
was interrupted by the February 22 holiday. Prime beef was in relatively short
supply, but other grades of beef and most other meats were ample for demand and
in some instances the supply of veal was excessive for trade requirements. Good
and Choice offerings predominated in beef coolers, while Commercial to Choice veal
was most abundant. Local trading was rather slow, due in part to the Lenten sea-
son, and an incomplete clearance in wholesale markets was in prospect. Compared
with last Thursday's close: Beef 500 to 1.50, mainly 50# to $1.00 lower: veal
l1.00 to $3.00 lower; lamb mainly steady; pork loins 8-12# $3.50-4.00 lower,
12-16,': $1.50-2.00 lower; 4-8# Boston butts and 1-3# spareribs steady to $1.00
lower,
Choice and Prime saqurecut beef chucks brought $27.00-28.00; comparable
rounds ;38.00-41.00; Prime loins 080.00-83.00, Choice mainly $52.00-60,00; Prime
ribs $55.00-57.00, Choice $36.00-41.00. Ribs over 55# sold somewhat below these
prices. Choice and Prime kosher style chucks bulked at $28.00-29.00. Lamb hind-
saddles sold mainly from $46.00-52.00; legs $43.00-47.00; loins $53.00-58.00;
hotel ribs 648.00-53.00, Lamb shoulders brought $20,00-27.00 and shanks bulked
at $20.00-25.00. Pork loins 8-12# sold at ?29.50-33.00, 12-16# $30.00-33.00.
Sales of Boston butts weighing 4-8# were completed at $24.00-29.00, and spareribs
3# and lighter cleared at $28.00-31.00.

PACIFIC COAST WHOLESALE MEAT TRADE REVIEW

Hogotiations between employers and union employees in the Los A.ngelcs area
influenced unsettled conditions in Southern California with a last minute pro-
posal averting a strike. March 1st is property assessment day in California, and
this along with normal month-end slackening of consumer outlet were depressing
influoncos and deliveries were held to a minimum in most instances. Supplies of
all classes were more than adequate for the narrow demand. Bulk of the lazb
averaged over 554. There was some accumulation of fresh pork carcasses and cuts.
Trading continued slow although cooler stocks were reduced due to limited killing
and cutting programs. Compared to last Friday: Beef largely steady, instances on
Choice 'l.00 lower at San Francisco; veal steady to 42.00 higher at Portland and
$1.00 lower at San Francisco; calf steady in California and nominal in the North-
west; lamb steady to 1,.00 lower, the decline in California; fresh pork loins
50-$2.00 lower; shoulders t1.00 lower in the Northwest; Boston butts and slab
bacon $1.00-2.00 lower at Los Angeles; other pork products and lard about steady.
Choice steer carcasses under 700# bulked from t28.50-32.00, few $33.00 at
San Francisco and $34.00 at Seattle; 700-800# $28.00-30.00; Good 500-700'1 $25.00-
30.00, some to $31.00 at Seattle and 432.00 at qan Francisco; Commercial $24.00-
28.00 at Los Angeles only; bulk Commercial cow beef '23.00-26.00, softboned
occasionally to $27.00 at Seattle and San Francisco; Utility 322.00-25.00; Canner
and Cutter f18.00-22.00, few Cutter carcasses to *23.00; Utility and Commercial
bull beef $27.00-31.00.
Good and Choice veal carcasses brought $40.00-50.00 in Northern California
and the Northwest, with prices untested at Los Angeles; Good and Choice calf
under 300 $34.00-39.00 in California and nominal in the Northwest; Commercial
"29.00 up. A few Choice and Prime lamb carcasses under 55# brought $34.00-39.00;
over 55#, $33.00-38.00; Good, all weights, $30.00 up. Closely trimmed pork loins
under 16: cashed mostly from $33.00-39.00, few reaching $42.00 at San Francisco;
shoulders under 16# $23.00-32.00; Boston butts under 8# $27.00-36.00; smoked
skinned hams under 18# $42.00-52.00; 6-10# slab bacon $29.00-42.00; lard in l y
cartons $13.50-18.00.





WHOLESALE DRESSED MEAT PRICES: WEEKLY AVERAGE OF DAILY QUOTATIONS 201
In dollars per 100 pounds

New York Chicago San Francisco
Classification Mar. Feb.. ar. Mar. Feb.: YMar. Mar. Feb. Mar.
3 25 5 3 25 5 3 25 5
1956 195 56 135 5 1 956 1956 1955 1956 19563 1955
.---- --- .---- ---------------------..M-------------5---156 --1----- M- ---L9 -5 -- 1---- -- -------5----------
Beef -
Steer -


Prime 600-700F
700-800
Choice 500-600
600-700
Good 350-600
w a "


%Jom i.
Cow, all wts. -
Commercial
Utility
Veal -
Prime 80-110#
Choice 1 "
Good *
Lamb -
Prime 40-50#
50-60
Choice 40-50
50-60
Good all wts.
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


--
51.C0

44.00
38.50
33.50

29.00
25.50


38.00
36.00

34.80'
321OC
28,00

25.30
24.00

44.20
38, 50
33. 00

38.20
36.30
38.20C
36.00
35.00


35.10
35. 0O
34. 00
31. 00


45.50
42.00C



34,50
37.00

24.50C
13.50


16.50


37.25
S37.25
: 3 OC,
33. 00
28,.2)
26. 60


37.50
37.50
33,162
33.62
28.12
26.81


50,80
50.80
40.95
42.55
35.30
32.00


-- 26,00
-- : 23.00


38.00
36.00

33.62
30.00
28.00

26.00
23.00

47.25
41.00
34.12

37.00
34.00
37.00
34.00
34.38

34.88
34.88
34.12
32.25


44.00
42.00



33.00
37.00

24.50
13.00


16.25


44.50
40.88
36.62

36.88
33.12
36.88
33.38
33.775

34.31
34.31
32.69
27.00


49.12
46.75
46.12

33.00
32.00
37.00


45.00
36.10
32.20

44.10
44.10
41.F0
41.60
40.50

41.80
41.80
41.50
36.00


46.10
41.40



44.00
47.00

33.00
14.00


16.50


41.50
38.20
35.10

42.80
41.00
41.80
38.80
38,00

38.90
38.90
37.90
32.50


47.60
45.00
44.85

49.55.
45.35
52.60

34.15
11.50


15.55
28.00


Note: Quotations at New York exclude locally dressed meats.


:32.70
:31.00
:30.50
28.33


33.00
31.00
30.50
28.00

26,00
23.00



45.00

38.00
37.00
38.00
36.00
35,50

39.00
40.00
39.00
35,00


50.00
47.50


40.00
38.00
42.50

30.00



17.25


41.00
39.50
39,50
35.50

30.00
27.00



45.00

43.00
41.00
43. 00
11.00
38.50

48.50
47.00
45.00
40.10


51.00
48.00


54.40
50.00
55.40

34.00


:38.00
:37.00
: 38.00
:35,00
: 35.50

: 38.40
: 39.40'
: 39.00
: 34.03


: 50.00
: 47.50


: 40.00
:38,00
4 2.50

: 30.00



: 17.25


: 28.85 28.62
: 11.55 11.75


: 14."5 14.75
: 25.CO 25.00


-'2, 90
38,73)
35 40

37.75
34.25
37.75
34.25
34.'00

31.85
31.85
31.65
26.75


43.65
17. *
4". 55

32.60
31.35
36.80




202
BOSTON WOOL MARKET REVIEW

Movement of greasy domestic worsted wools in the Boston market amounted tc
app,:'cxi:nately fourteen cars of various categories. Trading was generally slow as
prices remained about unchanged from a week ger- based ca actual sales. Buyers
for the integrated mills were the principal operators w ile topmakers showed
little interest, The turnover of scoured wools was limited to small lots of
mostly medium and coarse defective wools. Prices of scoured pulled wools were
about steady while scoured shorn wools were definitely. lover, Noils remained
about steady and unchanged. Some early shorn territory wools sold in Southern
sections while medium grade fleece wools continued to be Eold for future delivery.
Private cables early in the week from Australia sho-'ed fine wools firm and
crossbreds easier under general competition. Quotations in New Zealand were in
the buyers favor with general competition and Poland the principal buyer. Cape
prices were firm under general competition with Russia active. South American
trade remained dull and listless.
Fleece Wlolc. Graded 56/58s good French combing and staple fleeces sold at
59# in the grease and cost clean around t1.13 while graded 50/54s staple fleeces
brought t1.07. Bulk 56/58s fleece lambs wool at 500 in the grease cost around
960 clean basis. A graded staple 50/54s fleece wool sold for future delivery at
41.03 clean basis. Country buyers were paying 44# and 454 grease basis to the
growers.
Territory Wools Graded fine good French combing and staple territory wool
sold from 1,.30-1.35 clean basis while graded 60/62s good French combing and
staple brought $1.22-1.25. Graded fine clothing territory wool sold around $1,12-
1,15 while graded 60/62s clothing moved from $1.00-1.10 clean basis. Arizona
wools were purchased at grease prices ranging from 43-3/4-48-L f.o.b. Estimates
of clean costs ranged from $1.20-1,35 delivered Boston for bulk fine with some
half blood wools.
Texas Wools Bulk average to good French combing 12 months Texas wool in
original bags sold around ,1.35 clean basis.
Mohair Small lots of mohair were purchased in Texas at 81,1 for adult and
1.01- for kid to the warehouse. Trade in the local market continued quiet. Most
sales of adult mohair were made for shipment abroad.
Foreign Wools A greasy Australian merino gocd tcpmaking 64s of good to
average length with light burr or seed sold for shipment around 1tl.40 clean basis,
duty paid, American yield while a 50/56s good crossbred combing fleece sold for
shipment around t1.18, Cabled reports at week's end from Australia quoted prices
as follows: Type 61 at t1.33; 62 at 41.29 77 at 1.27; 7t: at $1.23, 422 at $1.13;
423 at $1.06; 424 at 995 and 425 at 937. New Zealand type 93 at 89#; 834 at 87#;
100 at 850; 107 at 830; 114 at 81 and 128 at 820. South African quotations for
short wools were unchanged as follows: Type 22 at. 41.23; 27 at $1.195; 28 at
$1.17; 32 at 1l.17 and 33 at 1.,15. Above quotes based on clean U. S. yields, in
bond. Montevideo and Buenos lires quotations remained unchanged.
Carpet Wools Trade in carpet wools continued rather slow as large mills
remained out of the market. Spot white Pakistan vicareer wools were offered at
90# clean fibers present, All foreign market prices held about unchanged. Ap-
proximately 6,720 bales of Pakistan/India carpet wools will be auctioned at
Liverpcol on March 6 and 7,
Wool Tops Trade in wool tops was generally quiet with a lilgit call for
small lots of 60s to 64s quality. Quotes follow: Warp Australian oil-combed 70s
at $1.88; 64s at A1.78 and 62s at $1,71. Warp d.,irn-tic oL'l-~'omoed 64s at 1t.74;
62s at '1.71; 60s at tl.66; 58/60s at t1.61i 563 at t2.4.-; 50/56s at l1.40 and
48/50s at l$,32.




INSPECTED STOCKER AND FEEDER SHIPMENTS FROM PUBLIC STOCKYARDS


203


January


1956 with comparisons
Cattle and Calves


2
Market Jan.
origin 1956
N-um'ber -
Baltimore............. 1,118
Chicago ............. 5,004
Cincinnati............. 549
Clovis................ 11,933
Denver........ ........ 30,943
Detroit............... 1,376
Fort Worth........... 10,073
Indianapolis.......... 3,239
Kansas City........... 37,391
Lancaster............ 4,988
Los Angeles........... 5,128
Louisville............ 2,356
Nashville............. 1,368
Ogden ............... 16,416
Oklahoma City......... 21,592
Omaha ........... .... .. 18,496
St. Louis area I/..... 2,507
San Antonio........... 25,175
Sioux City............ 31,854
Sioux Falls........... 10,397
S. St. Joseph......... 6,832
S. St. Paul........... 8,996
Wichita............... 8,140
All other inspected 2_ 53,651
Total 2............ 319,522 3


4 4


Jan. State Jan.
19F5 destination 1956
Number -- ---- -um-ber-'
2,658 Pennsylvania.......... 6,638
5,334 Ohio .............. .. 9,032
704 Indiana............... 7,312
11,720 Illinois.............. 23,350
50,168 Michigan........... 3,434
1,5^9 Wisconsin....,........ 812
14,335 Minnesota............. 8,954
3,250 Iowa......,...... .... 52,350
33,563 Missouri.............. 21,113
6,454 South Dakota..,......,, 6,732
7,091 Nebraska..........,.., 21,355
2,308 Kansas............... 19,136
1,250
8,665 Maryland.............. 419
21,985 Virginia.............. 617
30,990 Kentucky.............. 1,974
7,034 Tennessee............. 2,374
29,577
38,369 Oklahoma.............. 12,507
11,344 Texas................. 29,169
9,166 Colorado.............. 17,926
8,442 Utah................ 2,627
10,160 California.........,.. 34,027
73,367 All other 2I ......... 37,654
89,A83- Total. ./ .......... 319,522
Sheep and Lambs


Chicago............... 680 2,114 Chio.................. 967 6,806
Denver................ 10,322 25,914 Indiana ........762 1,093
Fort Worth............ 8,408 10,842 Illinois.............. 5,381 9,991
Kansas City........... 4,937 12,972 Michigan............ 501 884
Louisville............ 22 38 Wisconsin............. -- 120
Ogden................. 3,491 2,533 Minnesota............. 12,364 22,222
Omaha ................. 1,544 10,127 Iowa................. 22,015 30,262
St. Louis area /...... 1,783 2,591 Missouri......... .... 16,450 10,015
Salt Lake City........ 1,765 2,011 South Dakota......... 4,405 11,596
Sioux City............ 4,748 10,912 Nebraska............. 5,515 42,278
Sioux Falls........... 3,517 9,488 Kansas............... 611 3,827
S. St. Joseph......... 13,165 7,692 Kentucky............. 23 298
S. St. Paul........... 15,354 20,728 Texas.............. 4,238 4,242
Colorado.............. 8,878 1,575
Utah..,............ ... 84 734
All other California............ 5,303 1,738
inspected 2J........ 23,015 41,488 All other 2.......... 5,255 11,769
Total ............ 92,752 159,450 Total P2............ 92,752 159,450
1 Includes St. Louis National Stockyards, Ill., and St-. Louis, Mo.
2 Excludes Hawaii.
Compiled by the Agricultural Estimates Division, Agricultural Marketing Service
from Inspection Records of Animal Quarantine Branch, Agricultural Research Service,


Jan.
1955
T-suneF -
6,337
9,071
6,084
24,057
3,685
644
9,259
68,195
17,858
9,01"
41,321
24,033

1,921
938
1,795
2,727

13,955
32,139
26,741
1,506
31,318
54,882
389,483




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205


MOHAIR PRODUCTION AND VALUE OF SALES 1955

Mohair production in the 7 leading States in 1955 is estimated at 16,923,000
pounds, according to the Crop Reporting Poard. The 1955 clip is 16 percent larger
than the 14,5"8,000 pounds produced in 1964 and 10 percent larger than the average
of 15,413,000 pounds.
Texas showed an increase in production of 17 percent from 1954. The increase
in Texas resulted from clipping a much larger number of goats and also a slightly
larger average weight per goat clipped. In Arizona, the only other State showing
an increase, both the number clipped and the average weight per goat clipped rwere
above 1954. in Utah and California, the number of goats clipped was smaller than
a year ago but the average weight per clip was larger. In Oregon and ~ issouri,
both the number clipped and the average weight per clip were below a year earlier.
Production was about the same in New Mexico.
Goats clipped in 1955 totaled 2,983,000 head, up 14 percent or 365,000 head
more than 1954. The average weight of hair per goat and kid clipped was 5.7
pounds, one-tenth of a pound more than the previous year. The 10-year average
was 5.2 pounds.

Value of sales from mohair clipped in 1955 amounted to $13,912,000, an in-
crease of 32 percent from both 1954 and the 10-year average. The average price
per pound was 82.2 cents per pound. This compares with 72.4 cents in 1954 and the
10-year average of 71.2 cents,

MOHAIR PRODUCTION AND VALUE OF SALES, 1954 ArD 1955


1954
a -t e -- -G aI -A '" -- "

State : Goats clip Pro- :Price:
clipped: p duction::per :
:goat :pound:
1,000 1,000
head Pound pound Cents
Mo..... 41 3.2 131 51
Texas.. 2,458 5.7 13,997 73
N. Mex. 40 4,2 170 59
Ariz... 40 3.0 120 55
Utah... 5 3.2 16 53
Oreg... 26 4.4 114 64
Calif.. 8 3.7 30 58


1956
Value : Av. ::l
fau : Goats :ci : Pro- Price Value
Cf ip t of
saies ;:cliFedper :duction: per of
sa e :oat: found. sales

1,000 1,000 1,000 1,000
dollars head Pound pound Cents dollars


67
10,218
100
66
8
73
17


39
2,831
40
42
2
22
7


2.6
5.8
4.2
3.1
3.5
4.0
3.8


101
16,401
169
130
7
88
27


58
13,613
98
68
4
55
16


Total.. 2,618 5.6 14,578 72.4 10,549 2,983 5.7 16,923 82.2 13,912

1945-54
average 2,987 5.2 15,413 71.2 10,574
--I'--I- ~~----~-----------------------------------
1/ In States where goats are clipped twice a year the number clipped is the sum
of goats and kids clipped in the spring and kids clipped in the fall.




206 AVl'RAE PRICES RECEIVED BYFARMERSFOR LIVESTOCK, FEED AND WOOL 1/

Feb. 15 Jan. 15 Dec. 1.5 Feb. 15 : Average
Commodity and unit : 91 : 55 195 Jan. 1947-
1956 1956 1955 19594
-: : .Dec_ 1949


Farm prices -
Hogs per 100 lb. Dollars
Beef cattle "
Calves "


II It1 I
I1 It II
per pound "
per bushel "
II 11 1!


Hay, all baled per ton "
Cottonseed "
Hog-corn price ratio 3j
United States Bushel
N. Central States
Iowa "


12,00
14.00
17.00


2/ ...02
1.18
.619
.915
21.20
46.20


10.2
10.2
9.8


10.90
13.90
16.80
5,78
:17,10
2.3 91*
1.16
.622
.924
21.30
45. 50


9.4
9.3
8.8


10.60
13.50
15.90
5.51
16.50
2/.387*
1.15
.626
.920
21.30
45.00


9.2
9.0
8,4


16.40
16.5C
18.0C
le.oc
6.6'
19.3C
.49
1,4C
.7E

23.3C
55.2(

11.7
12.0
11.9


21.90
20.20
S 22,60
9.15
21.90
)7* .460
1.64
57 .852
1.37
22.40
) 71.60
Feb,av.1935-54
13.8
14.7


Index numbers: (Av, Jan. 1910-Dec, 1914 = 100) 1947-49
All farm products 226 226 223 244 271
Feed grains and hay 173 171 170 203 230
Meat animals 215 207 201 264 334
Prices paid by farmers -
All commodities 259 259 259 264 240
i/ Estimates of Crop Reporting Board. 2/ average local market price for wool
sold; does not include incentive payment to bring season average return to 620 per y.
3/ Number of bushels of corn equal in value to 100 pounds of hog, live weight.
*Revised. rp1pprTTr'- DAPT'PV DPTEtr PnD TTnrc'cr'Mn1 n Pn iPT ,TT I I
S~**~ EJ PARITY.L PICE FOR .'J~ LVESTOCK FED AND WOO~JLj1


: Base : Effective arity_prices 3_ -
Commodity and unit : period : Feb. 15 : Jan. 15 : Feb. 15


Hogs per 100 lb.
Beef cattle "
Calves "


Lambs
Wool
Corn
Oats


II II
per pound
per bushel
II It


Dollars
11
It
it
It
it


: price 2/ i
7.47
7.55
8.30
8.30
!/.214
/.6 01
.301


1956


20.90
21.10
23.20
23.20
.599
6/1.73
.843


- 1956 : 1955


21.00
21.20
23.30
23,30
.601
6/1.73
.846


Barley .72 1.32 1.33 1.34
Cottonseed per ton 24.70 69.20 69.40 71,30
/ Parity prices are computed under the provisions cf Title III, Subtitle A,
Section 301 (a) of the Agricultural Adjustnment Act of 1938 as amended by the Agri-
cultural Acts of 1948, 1949 and 1954. 2/ Adjusted base price 1910-14 derived from
120 month, January 1946-December 1955, average, (including an allowance where ap-
propriate for unredeemed loans and other supplemental payments resulting from price
support operations) by dividing by 265 percent (the 120-month average of the Index
of prices Received by Farmers adjusted to include an allowance for unredeemed loans
and other supplementary payments) unless otherwise noted. Base period prices shown
apply for 1956 only. 3/ Effective parity prices as computed currently in months
indicated using base period prices and indexes then in effect. 4/ Adjusted base
price 1910-14 derived from 10 season average prices 19'6-55 (including an allowance,
where appropriate, for unredeemed loans and other supplemental payments resulting
from price support operations). 5/ 60-month average August 1909-July 1914. 6J
Transitional parity, basic commodities 95 percent and nonbasic commodities 65 per-
cent (70 percent during 1955) of parity price computed under fomrula in use prior
to January 1, 1950.


Sheep
Lambs
Wool
Corn
Oats
Barley


21.40
21.40
23,40
23.40
.594
1.82
.863






THE LIVESTOCK AID MEAT SITUATION
Approved by the Outlook and Situation Board, February 27, 1956
SUMMARY
The inventory of meat animals on farms January 1, 1956 reached a new post-
war high, 2 percent above last year. The number of cattle and calves rose almost
1 million during 1955 to a record 971 million. The increase was the seventh in
a row since a low in the cattle cycle was passed in 1949. Hog numbers were up
this January chiefly because of the greater number of 1955 fall pigs on hand.
Stock sheep numbers were almost unchanged, but fewer lambs were on feed. Based on
these inventories, total livestock slaughter and meat production in 1956 are ex-
pected to advance to another new high.
A further increase in production of beef is expected because most of the
addition to cattle inventory was in beef calves and beef steers, the bulk of
which will be slaughtered in 1956. Cattle slaughter under inspection was up 7
percent from 1955 in the first 7 weeks of 1956. Marketings of heavy long-fed
steers were very large. Since placements on feed have been reduced, the inventory
of fed cattle, which on January 1 was only 1 percent above 1955, is doubtless now
below last year. Nevertheless, feeding will continue large in 1956 because many
of the calves and steers not yet on feed will be placed in feedlots during the
year. Cattle are not likely to be fed to as heavy weight and high finish this
year as they were last year, when an exceptionally large number of steers were
carried to very heavy weights.
More cattle will go to slaughter off grass this year than last. Hence, much
of the increase in cattle slaughter and beef output this year will probably be in
the intermediate grades. Prices of the higher grades of fed cattle seem likely
to recover somewhat this spring from their February low, which was more than $7.00
per 100 pounds below prices at the same time last year, and they are expected to
rise seasonally this summer. Prices of middle and lower grades of cattle, in-
cluding stocker steers and heifers, will probably be at least steady and may ad-
vance a little during the spring season when grazing begins. They are likely to
decline seasonally thereafter and to remain below last year's prices in most months.
Price spreads between grades will probably be wider in late 1956 than at the same
time last year.
The cyclical increase in cattle production still seems to be slowly grinding
to a halt. The number of cows and mature heifers on farms January 1 was unchanged,
as a decrease in milk cows offset an increase in beef cows. The inventory of milk
heifers and heifer calves decreased 3 percent, and beef heifers were down by the
same percentage.
Prices of hogs have recovered moderately from their December low. Further
gains in the near future will be retarded by the large number of hogs to be slaugh-
tered from the 1955 fall pig crop, which was up 12 percent. By late spring, how-
ever, a substantial seasonal recovery should be underway.
The number of stock sheep and lambs January 1 was down only 1/2 of 1 percent
from 1955. The number on feed was off 8 percent. Prices of lambs have increased
seasonally and may continue to do so for the near future, though big supplies of
other meat animals are a restraining factor.




UNIVERSITY OF FLORIDA
I Illh Ill 1IIth I l11111 111 IN iilt I 11111111 11111l t
3 1262 08734 5616

















SHEEP AND LAMBS CONTINUED FROM PAGE 187 "
No. 3 and fresh shorn dcwn to 416.00, Cull to Choice slaughter ewes realized
$3.00-8,50. Medium to Choice feeder lambs sold at 415.00-20.25, and bred ewes
sold from $15.00-25.00 a head, blackfaces at latter price.
WESTERN LIVESTOCK REVIEW
Closing prices on slaughter steers, heifers and cows were firm to 50#
higher at some points and week to 504 or more lower at others. Vealers and
slaughter calves held mostly steady. Stockers and feeders were in good demand
at steady prices, Barrows and gilts closed weak to 500 lower at Portland, Los
Angeles and Spokane and steady to 500 higher at other terminals. Slaughter
lambs sold steady to 250 higher at most markets, largely 500 up at Ogden.
Several loads of average-Choice to Prime 950-1190# slaughter steers brought
$18.75-21.00 at terminal markets, Good and Choice .14.00-18.50. Most Good and
Choice heifers cleared from #14.50-17.25, average- to high-Choice 417.35-18.00
at Denver, Choice vealers including a few Prime brought t26.00-32.00 at Port-
land and Spokane, Good and Choice 20.00-25.00. Most Good and Choice stocker
and feeder steers under 750# brought t15.00-17.75. Medium to Choice stock steer
calves sold from ,15.00-19,50, with Good and Choice at Denver $19.00-22.50.
Direct sales of slaughter steers out of California and Arizona feedlots
were made largely on a steady to weak basis. Choice fed steers under 1200#
brought t18.00-18.50, Choice over 1200# mostly t17.00-17.50, Good to low-Choice
under 1100# t16.50-17.50, High-Good to mostly Choice heifers brought $16,00-
16,50, few loads Choice high-yielding heifers t17.00. Scattered loads of Good
and Choice fleshy 850# feeder stsers sold at t16.50 f.o.b. Montana, 4% shrink. p
About 200.head of Choice 400-5003 Nevada steer calves cashed at 419.50, a short
load Good and Choice 4904 in Northern Colorado t19.25, 2 loads Choice 450# hei.J
calves in the same area 417.00-17.25,
Mixed U. S. -o. 1 to 3 1P0-240# barrows and gilts bulked late at S. San
Francisco at t14.00; Stockton and Los Angeles ,l1.25; Portland f13.50-14.50;
Spokane t13.0-13.75; Ogden 1t3.00-13.75; Denver t12.75-13.25. Eleven loads cf
U. S. No. 1 to 3 200-240# butchers sold direct in Northern California from
$14.25-14.50 weighed at the plant, two loads 414.75 delivered and weighed at the
plant. About 20 loads Choice and Prime 97-111# wcoled slaughter lambs brought
$20.50 in Denver, comparable offerings late .19.75-20.25, small lots Good and
Choice natives there *18,25-19.50. The same grades brought *16.50-13.00 at othe:
terminals; few loads Choice 102-1099 lambs with No. 1 pelts in S. San Francisco
$18.60-19.00.




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