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:
AA00012178:00010

Related Items

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


This item is only available as the following downloads:


Full Text
A ?jr104t,2


ued LIVESTOCK DIVISION WeeW




MARKET REVIEWS AND STATISTICS


Vol. 24, No. 12 March 20, 1956

Week ended March 17
Page
Livestock Market Reviews... . 230
Livestock Market Receipts .... .. 232
Feeder and Stocker Statistics .. ....... .232
Steer Sale Statistics . .. 233
Estimated' Slaughter and Meat Production .. .234
Slaughter at Major Centers . 235
Estimated Percentage of Feeder and Stocker
Cattle and Slaughter Cows in Salable Receipts .. 235
Cattle Prices . . 236
Hog Prices. . . .. 237
Hog Purchase Statistics . .. 238
Sheep and Lamb Prices .. . 239
Wholesale Meat Trade Reviews ..... 2-0
Wholesale Meat Prices . . 242
Wool Market Review .. ........ .243
Special tothis issue
Federally Inspected Slaughter by Regions,
Calendar Year 1955 and Month of February 1956 244
Livestock Prices and Composite Meat Values, Feb. 1956 239
Meat and Meat Food Products Processed and Canned under
Federal Inspection, Jan. 29-Mar. 3, 1956 245
Inspected Stocker and Feeder Shipments from Public
Stockyards, February 1956 .. ...... 247
Stocker and Feeder Cattle and Sheep Received in
Several Cornbelt States, February 1956.. ..OF
Storage Holdings of Meats and Lard, February 29, 1956 .

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


A11i-WAil





230
MIDWEST LIVESTOCK MAfRET REVIEW

Cattle marketingsincreased compared with the previous week but demand was
good and fairly complete clearances were made each day. Fed steers brought steady
to 50" higher prices at several markets, with a weaker trend at a few points.
Prices of heifers also charted an uneven course but cows sold steady to 50# higher
both at midwest and southwest terminals. Hog receipts were second smallest for
any week since late last September and prices advanced for the third straight week.
Late sales of butchers were unevenly 250 to $1.00 or more higher than a week
earlier, many showing upturns of 50 to C1.00. The increased supply of slaughter
lambs was in good demand at steady to q1.00 higher prices.

SLAUGHTER CATTLE AND CALVES

Receipts were a little larger than the previous week but were below the
liberal run of two weeks ago. Trade for slaughter cattle was featured by fairly
broad outlet despite a slow dressed beef trade and daily supplies were well
cleared. Fed steers closed fully steady at dhicago, steady to 50# higher at a
number of other midwest markets as well as Fort Worth and Oklahoma City. High-
Choice and Prime steers were fully steady to firm at Omaha and Sioux City with
some weakness on other grades while at S. St. Paul, closing prices on steers were
steady to 50 off. Price trend on heifers was also slightly uneven, but cows
showed a strong to 500 higher tendency, prices of Canners and Cutters at Chicago
being on the highest levels since last summer. Bulls sold steady to.50F higher.
Vealer prices advanced $1.00-3.00 at S. St. Paul, closing steady to $1.00 higher
at other major centers.
Character of the steer marketing showed little change compared with recent
weeks. Average weights continued much heavier than normal although at Chicago the
weight dropped below the previous week when the average of 1168; equalled a 30-year
record. Proportion of Good beef steers increased over the week before at Omaha,
with a smaller percent of Choice. At Kansas City the reverse was true. At St.
Louis National Stock Yards nearly 28% of the beef steers graded Choice compared
with only 7.54- a year ago. The week's average weight of 1032# there was 39-,
heavier than a year ago. About 104 of the beef steers at Chicago graded Prime
compared with 149 the previous week and less than 3Z a year.ago.
Prices of excessively heavy steers are still being discounted although the
pressure is not as severe as some weeks ago when such kinds were running more free-
ly than at present. Sales at Chicago included a few loads of Prime 1600-1700#
steers at $20.00-21,50; Choice of about the same weights $18.00-19.25, high-Choice
1441'- $20.50. Most popular weights of Choice and Prime steers are 1050 to around
1200# averages, a load of Prime 1147# steers reaching $25.50 at Chicago, equalling
highest price paid there since December. Good and Choice steers bulked at Chicago,
from $16.50-21.00. High-Choice and Prime steers brought $21.00-23.00 at Omaha, a
load Prime 1225# $23.25, with a few loads of Prime offerings at Sioux City from
$21.00-22.50. Most Good and Choice steers at midwest markets other than Chicago
cashed from $16.00-20.00. Slaughter of 1,483,530 cattle and 586,005 calves under
Federal inspection in February were both new records for the month.

STOCFER AND FEEDER CATTLE AFD CALVES
Small to moderate supplies of stocker and feeder cattle and calves at termin
markets fell somewhat short of matching the numbers marketed either the previous
week or a year ago. Outgo of steers from 10 markets was 15,707 head compared with
16,970 the week previous and 20,116 a year ago. Shipments of calves totaled 4,24
compared with 8,316 a year ago. A fairly large percent of the week's supply con-
sistod of 500-700# yearling stockers, many of which were Good to Choice. Rocoipts
included only moderate numbers of well-bred two-way cattle, and with foodor buyer:
continuing to proceed with considerable caution in the face of the current fat-





231
feeder price relationship, majority of the fleshy two-way kinds went for slaughter.
Sub-normal water and pasture conditions in some western and southwestern areas
were a matter of considerable concern and possibly a factor influencing the market-
ing of some cattle. However, in other areas the approach of a now grass season
tended to stimulate demand. Thus, even though trading often was not overly active,
prices were mostly steady to strong, instances 500 higher. Limited numbers usu-
ally represented the principal factor prompting a stronger trend. Good and Choice
yearling stock steers ranged from $16.00 to $21.00, Medium $14.00-16.00. Buyers
continued more than normally "dollar conscious" as reflected by rather sharp down-
ward price revisions as weight of the stockers increased. At Kansas City, Choice
523# short yearlings brought $21.00 while 738# from the same shipment went at
$18.50. Choice 378# steer calves reached $22.00, while high-Choice 463# turned at
$21.60. At Omaha, Choice, fleshy 800# feeder steers reached $19.50, but feeder
buyers generally were reluctant to pay above $17.00 for steers over 800P. At
Chicago Choice 882# Colorados sold at $17.00.

HOGS
Movement of hogs slowed down substantially after reaching the largest volume
of record for this time of year during the two preceding weeks, Current week's
combined total was second smallest since the last week of September. Stimulated
by good demand and smaller supplies, prices at most points advanced four out of
the five market days to net the largest upturn for a week since late January. The
advance placed prices on the highest levels since early February, prices stronght-
ening despite slowness in the fresh pork trade at some large wholesale ccntcrs,
Demand for hogs was good as supplies were barely sufficient to meet minimum current
slaughtering quotas, and prices advanced 25# to $1.00 or more, bulk of sales 50 to
750 higher. Weight of butchers was often a minor price determining factor, pare
ticularly for weights between 190 and 2604. which often sold within a spread of
500 or less at several terminal markets. Degree of finish continued of greater
importance in determining price than weight. In spite of increased numbers, U. S.
No. 1 and 2 grade lots brought 25-75#, and in instances as much as $1.00 more than
fatter or more highly mixed lots. Sharp advances of 85# to $1.00 or more featured
the tr:.de in Interior Iowa-Southern Minnesota. In Interior Indiana where movement
was hampered by two snowfalls, prices closed 25# to 50? higher. Slaughter of
5,922,330 hogs under Federal inspection in the United States last month was with
the exception of 1944, the largest February slaughter of record.
Stocker and feeder pigs were 500 higher than late last week. Good and Choice
feeders sold at S. St. Paul from $10.00-11.00, few to $11.25, with 130-160,i
weights at Sioux City from $10.50. to mostly $11.00.

SHEEP AND LAMBS
Receipts at the 12 markets were about 35% larger than the previous week but
moderately below a year ago. Trading on slaughter lambs at midwest mar:ots proved
quite erratic. Prices ranged from steady to $1.00 higher except at Sioux City
where late sales were 25? or more lower. Prices of slaughter ewes were steady to
strong, whilo fcoder lambs sold steady to 500 lower. Lambs over 110~, and in in-
stances over 105f, wore discounted from 50? to $2.00, the latter on lambs weighing
around 130,0. Good to Prime wooled lambs 110# down bulked from $18.50-21.00, with
several loads up to $21.50 at Chicago, a few to $22.00 or highest since last
October. Choice and Prime 115-132# offerings brought $18.75-20.00, while C1ull to
low-Good lambs ranged from $10.00-19.00. Good to Prime lambs with No. 2 to summer
shorn pelts cleared from $17.00-20.25. A moderate showing of spring lambs ,as in-
cluded at %ansas City and Fort Worth. Good to Prime native spring lambs cashed at
Kansas City from 820.00-21.50, buyers there preferring weights under 100'1, with
heavierweights usually discounted. At Fort Worth, where prices showed a sharp up-
turn, Good to Prime 75-95# new crop offerings brought $19.00-21.50. Cull to
Continued on page 250.





32 WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS
----------------------------------- ------------------- F ---------------------------
.............. .. ... .. ... .. ....... .j .....-..- H .o..
C title Calves Hogs
MarMar. Mar. Mar. Mar. Mar,. Mar. I M
Market 17 19 17 19 17 19
1956 1955 1956 1955 1956 1955 1
- -. --. -- --. ---. --. -. -- --. .- -- --. .- ---- -- -- -- -- --..- -- -- --- -


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

Total.-.............


46,015
4,140
12,896
7,013
9,247
21,339
12,968
36,123
13,441
17,520
24,163
21,976


40,121
3,560
12,242
9,641
7,980
18,628
10,869
38,749
13,436
15.724
22,853
21.124


1,614
1,131
472
1.242
932
1,737
8641
945
969
3,281
8C 7
10,472


1,217
1,227
778
2,600
1,400
1,997
1,492
1,309
981
3,396
611
10,030


45,268
18,471
3,002
3,541
57,036
11,983
5,578
38,112
26,379
65,499
28,915
59,056


45,435
13,005
3,041
2,010
53,840
8.875
4,980
39,668
22,420
46,168
32,781
53,913


2'



1





1


--. -Shep......
ar. Mar.
17 :
956 1955
---_ ----.---
3,976 15,466
488 156
7,104 27,399
5,732 21,909
1,236 869
6,485 3,038
2,112 3,731
9, 8-5 17,996
3,007 2,506
3,987 4,710
5,806 10,521
2, 917 9,523


226,s41 214,927 24,466 27,036 362,840 328,136 100,725 117,824
1 t' I/"%/0 <"%, "1 i r.^ mT Jir n r, ., l i -_.,, r-jsr


Mar. 10 1956 <'* o1U 4-,iu 'I i, I I DI, Z
218-,-------- 0 ----- -- - -- --
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
Mar. 17, 1956 ......---..---.. 369,000 27,500
Mar. 10, 1956 .-...--------....... 424,000 22,200
Mar. 39, 1955 ---....--------- 336,000 25,100
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT, AND NUMBER
Week ended Month Two months
~--.---- - --------.----.--------.----------^^ j------------M nh"Tw 'nnh '
ar 15 Mar." 8" Mar 17" "Feb. ""Feb. Jan.' Feb.
1956 :1956 1955 1956 1955 : 1956 i 1955
------------------------J-----------------------------------------------------------------------------
Steers 101 O up 318 321 573 1,500 1,917 3,391 4,142
901-1000 1,295 1,411 1,925 5,513 9,202 11, 608 16,813
801-900 2,541 2,476 3,389 10,199 10,804 26,382 26,171
701-800 2,905 3,505 3,199 11,081 10,966 28,349 28,492
501-700 8,648 9,257 11,030 32,465 26,110 67,233 70,928


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


15,707
701#
*16.88
17.68
17.36
16.85
15.31
17.71
15.00
16.99
16.16
16.60
16.25
4,245


16,970
698P
$16.58
16.29
17,26
16.53
14.65
17.18
15,73
16.18
16.07
16.49
16.06
4,766


20,116
706f
$20.36
20,54
21.22
20.65
18.73
20.79
20.97
19.22
19. 21
20.09
19.09
8,316


60,758
710#
$16.54
16.86
17.04
16.38
15.03
16.82
16.11
16.31
16.40
16.41
16.20
18,931


57,993
73 8v
$19.71
20.24
20.46
19.60
18.10
20.10
20.12
19.02
19.12
19.24
18.81
15,937


136,963
717#
$16.59
16.81
17.09
16.36
15.05
16.66
17.53
16.29
16.33
16.38
16.14
53,071


COws.
heifers, bulls-"" 2,799 2,283 3,611 9,265 9,836 23,825 30,657
* Not oadusted for differences in grade of cattle sold at each market.


146,546
72
$19.76
20.02
20.43
19.59
17.59
20.15
22.09
18.69
18.46
19.41
18.61
65,126






BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER 233
S Prcent of Average price
I Average weight
Number of head total o In in dollars
S (pounds)
by grades .._....__... .. per 100 lb.
Grade Week ended
--- ----------------------- ----------- ------
16 8 17 : 15 8 17 15 8 17 15 8 17
91956 196 1955 1956 1956 1955 19561956 1955 1956 :1956 1955
.-.-----.-.----.----------------- C 155 HI.95 A
CHICAGO


Prime
Choice
Good
CO'l.
Utility
All grades


Prime
Choice
Good
Com'(.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

, Prime
Choice
Good
Com'I.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades


2917 3915 562 9.9 14.2 2.6 1324 1315 1199 22.02 21.73 30.76
16336 13926 11317 55.7 50.6 52.0 1193 1193 1137 19.36 19.04 25.48
8177 8195 7686 27.9 29.8 35.3 1062 1082 1024 17.34 17,05 22,10
1379 1226 2044 4.7 4.4 9.4 978 1012 991 15.11 14,87 18.39
535 283 153 1.8 1.0 .7 996 1039 871 13.54 13.27 15.46
?934 2754.5 21762 ........................ 15... .6... 88. .2
.. OM A / ............................... ...
OMAHA 1/
--------- ------ 4 ----------- 1-2--7-0 -------,,-,,- ,,,-,------------~---,-- *- ------
184 153 53 1.1 .9 .4 1260 1270 1175 22.12 22.28 29.19
8407 9325 7019 51.3 57.4 49.6 1157 1174 1122 19.04 18.47 24.33
6602 5790 5866 40.2 35.7 41.4 1074 1048 1013 17.11 16.47 21.21
932 853 894 5.7 5.3 6.3 981 979 959 14.56 14.15 17.32
281 109 321 1.7 .7 2.3 920 922 926 12.68 11.74 14.80
164 06_ 16230Q_ 1415_3 1111 11 8. .1062 ..1.01..1_?.61.2.
.---------. --. -- --..---. ------.. -_--IY-x. I-T.- -............................... ..-...
369 333 20 3.9 3.7 .3 1366 1293 1259 20.84 21.40 28.00
4716 4351 3319 49.9 47.7 51.1 1197 1205 1129 18.82 18.51 23.79
4109 3789 2662 43.4 41.6 41.0 1100 1103 1070 17.17 16.90 21.01
177 566 452 1.9 6.2 7.0 1054 987 1029 14.21 14.83 16.98
85 76 40 .9 .8 .6 889 952 923 12.64 12.80 14.28
9456 9115 6493 5-7- 1150 1097 1z ?
._. -.5-9_1_. 5 .. ................ ........ 15 .. 5.1_o._ ._9 .9 1.. 0_.. .. 7 _2_2.. ..2
KANSAS CITY 1/
80 -. 1.0 -- 1294 -- 20.00
3197 2921 2189 44.0 38.6 48.3 1112 1090 1091 18.18 17.93 24.24
3001 3553 1856 42.0 46.9 41.0 1050 1056 1008 16.93 16.60 21.19
827 1006 461 12.0 13.3 10.2 1030 1000 958 15.18 14.72 17.83
97 90 24 1.0 1.2 .5 980 1008 958 13.16 12.74 14.06
7202 7570 4530 ___10.7.7...11 1 ..1 ..7.Q. 16.85 2.?,
.--------.-.-. ..... ST. LOUIS NSY 1/ ..................
3 .1 .1 -- 1068 1135 -- 22.00 20.50
1906 1339 318 27.7 22.3 7.5 1130 1131 1102 18.42 18.30 24.92
3339 2991 2525 48.5 49.9 59,2 1018 1036 1014 16.88 16.57 22.10
1488 1504 1242 21.6 25.1 29.1 962 945 938 15.02 14.82 19.07
146 157 178 2.1 2.6 4.2 793 897 875 13.15 12.83 15.77
6882 5994 4263 102 1031 993 16 .92 16.51 21,27
............ .. -... .......... ........-.... 1 .._....1... ........ .9 .......... ...
S. ST. JOSE PH 1/
75 22 2 1,2 .4 1195 1196 1168 20.12 20.08 26.51
2478 2212 2141 41.6 35.6 42.0 1145 1123 1096 18.66 18.25 24.08
2377 3200 2415 39.9 51.4 47.4 1073 1070 1018 17.07 16.74 20.64
896 713 466 15.0 11.5 9.2 1017 989 1058 15.02 14.75 16.63
137 73 70 2.3 1.1 1.4 918 887 848 12.94 12.64 14.21
5_9_63 6_..220 594. ...... 1.092 &.. 10.52 17.44 .17...6.21,71
Cootianed.




234
BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
...-.-------- ----.. ..----------- --------. ..... ; .--.... "r ---- ------------
Percent of Average weight Average price
Number of head total (pod) in dollars
by grades per 100 lb.
Grade Week ended
S---- ------------- --------- -----------------r--- ------------
:ar. : : :Mar., I : Mar. : : Mar.:



Prime -- -- -- -- -- -- -- -- -- -- --
Choice 2916 3854 3106 67.5 68.4 78.8 1156 1146 1107 18.68 18.11 24.14
Good 1344 1620 750 30.8 28.7 19.0 1084 1065 1044 17.06 16.58 21.84
Conml. 75 151 85 1.7 2.7 2.2 1076 951 938 14.1913.45 16.35
Utility 12 -- -- .2 970 12.11 --
Allgradrr. --=. -------- 7----,;--- -- ----- ,- q-1117- ----------------3-3- ------.-1




.Beef Vel .Park Lamb and Total Total
/These summaries developed from data collected on marketing. of fed cattle by the Agricultural Estimate


Wee ................ .. ... -------------------- ------------------. meat la.rd
W I (excI. lord) I mutton I meat lard 3
ended r; p Num Prod. Nu Prod. Nu Prod. prod. rod.
ber ro. ber ber her
--- -- --- -- -- --- -- --her-- --- -- -her--- -------- II -------------------------- ---------
1,000 mil _b. 1. ~ 0 mil. lb. 100. mit. lb. 1 ,000 il. lb. mil. lb. mil. lb.
Mar. 17, 1956 361 202.9 143 15.0 1,449 191,6 265 13.0 422.5 47.8
Mar. 10, 1956 361 206.1 140 15.1 1,595 208.8 264 12.9 442.9 51.8
Mar. 3, 19561/ 379 214.5 151 16.6 1,627 215.9 298 14.6 461.6 55,5
Mar. 19, 1955 324 174.9 144 14.7 1,231 170.1 265 13.2 372.9 43.6
Percentage change from:
Mar. 10, 1956 0 2 +2 1 -9 8 0 +1 -5 8
Ma,. 9,.9....+. ......+16... -....... +.2 ...... ....+......0 -......2 +13 +10
Average weights (li.) Lard
L--------- ------------------- -- ---Live Dressed Live dressed Dressed 100
--------------------------- ------------ -------------------------------- -----
---.---------------------A------..------------------ --------- --
At g era t e o octi El d e rd
endedi Dressed 2 Hos ,
Mar. 17, 1956 1,015 562 190 105 232 132 104 49 14.2
Mar. 10, 1956 1,025 571 195 108 230 131 104 49 14.1
Mar. 3, 1956 1,020 566 200 110 230 133 104 49 14.3
Mar. 19, 1955 981 540 183 102 240 138 105 50 14.7

1/ Actual slaughter and revised estimate of production. I/ Excludes lard.






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I I




236
236 CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds

Chicago Kansas City Omaha
- I -
Classification Mar Mar. Mar.
17 10 19 17 10 : 19 17 10 19
...1956....1956 1955 1956. 1956 1955 : 1956 1956 .1955
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 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

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


23.52
23.45
20.30
20.12
17.38
15.02


18.62
16.58
14.42

13.00
11.75
11.00

12.75
14.84

24.50
19.00

19.50
15.00


23.32
23.22
20.12
19.82
17.05
14.75


18.38
16.35
14.20

12.68
11.48
10.62

12.75
14.84

24.40
19.00

19.50
15.00


30.45
31.30
26.75
26.75
21.65
17.80


23.48
19.98
16.75

13.88
12.35
10.65

13.00
15.08

25.80
20.80

20.80
16.30


S21.78
21.52
: 19.30
: 18.80
S16.80
15,02

4 --
S18.50
1 16.52
:14,50

: 12.78
S11.92
:10.95


S13.62

S21.40
:17.70

17.45
:15.05


21.72
21.25
19.32
18.65
16,68
14.70


18.32
16.34
14.08

12.32
11.30
10.28


28.28
28.42
24.80
24.80
21.10
17.48


22,15
18.98
16.15

13.25
12.02
10.42


i 23.25
23.00
:20.18
20.18
:16.72
14.38


18.38
16.25
13.88

:12.95
11.62
1 0.25


S- -- : 12.50
13.40 12.75 : 13.44


21.00
17.00

16.75
14.00


21.50
16.00

18.00
14.50


: 21.00
: 16.50

: 18.75
, 14.50


23.18
22.92
20.02
19.72
16.50
14.00


18.28
16.18
13.70

12.00
11.08
9.75

12.25
13.18

21.50
16.50

18.75
14.50


29,12
29.75
25.52
25.52
20.95
17.42
--
22.35
18.45
14.95

13.68
12.10
10.05

11.75
13.44

22.30
17.50

20.50
16.12


Feeder and stocker cattle and calves


19.50
16.50
14.80


19,50
16.50
14.50


23.18
20.18
17.45


: 19.25
: 17.50
i 15.12


18.75
17.25
14.62


23.75
20.75
17.75


16.65 16.50 18.90 : 17.00 16.50 19.50
13.80 13.50 15.45 :14.50 14.00 16.00


S19.38
: 17.25
S14.75

:16,75
:13.62


--- : 12.00 11.75 12.00 : 11.38


21.00 21.00 22.40 : 19.50 19.50 22.50 : 20.50


19.25
17.12
14.75

16.62
13.62

10.88


20.50


17.50 17.50 18.90 : 17.00 17.00 19.00 : 17.00 17.00


23.02
20.48
17.65 0

18.65
15.30

12.00


22.50

19.38





HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 237
In dollars per 100 pounds
Interior Iowa and
Chicago southern Minnesota Indianapolis
Classification -------- ---------------- -------- ^---- ---- ----------^------------------
Classification Mar : Mar. Mar.
S17 10 19 1 10 19 17 10 19
---.---.--.-. .........--- 1956: 1956 _1955 __196 19.56 195.. 5 _1956_ 19516 195
Barrows and gilts -
U.S.No.1 160-180# 11.65 11.05 15.46 :10.76 10.02 13.98 :11.38 11.08 15.65
2 and 3 180-200 12.65 12.18 16.32 :12.0 11.64 15.34 :12.65 12.35 16.30
200-220 12.75 12.22 16.35 :12.79 12.13 15.59 :12.73 12.48 16.30
220-240 12.78 12.28 16.30 :12.47 11.79 15.23 :12.62 12.30 16,02
240-270 12.58 12.02 15.98 :12.05 11.39 14.62 :12.25 12.00 15.55
270-300 12.35 11.76 15.66 :11.55 10.90 13.88 :11.90 11.55 15.05
Sows -
300-330# 11.65 11.40 14.82 :11,25 10.60 13.35 :10.92 10.95 13.72
360-400 11.15 10.95 14,52 :10.78 10.13 12.73 t10.62 10.75 13.50
450-550 10.58 10.35 13.85 s10.13 9,51 11.62 : 9.82 9.75 13.20
Pigs Stockerr and feeder)-
Gd. & Ch. 70-120 -- -- -- -- : -
St. Louis
.maha National Stock Yards .

Barrows and gilts -
U.S.No.1 160-180# -- -- -- :12.30 12.10 16.20 t -- --
2 and 3 180-200 13.30 12.88 16.36 :13.00 12.72 16.40 :13.12 12.22 16.08
200-220 13.30 12.88 16.36 113.05 12.78 16.28 t13,30 12.70 16.18
220-240 13,30 12.88 16.15 :12.88 12.61 16.02 :13.28 12.68 16.10
240-270 12.92 12.40 15.68 :12.41 12.28 15.58 :12.98 12.28 15,55
270-300 12.48 11.80 15.08 :12.09 11.75 15.20 :12.42 11.70 14.92
Sows -
300-330# 11.72 11.12 -- :11.38 10.72 14.50 :11.62 10.95 14.18
360-400 11.28 10.82 14.42 :11.00 10.35 14.25 :11,25 10.62 13,72
450-550 10.75 10.20 13.90 :10.25 9.60 13,50 :10.42 9.77 12.88
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120# -- -- --
------------------------------------------------------- t----------------------
S. St. Paul Baltimore N. Portland
|---..-- .. .......---------------..............---------.------------
Barrows and gilts -
U.S.No.1 160-180# 12.50 12.30 16.02 313.38 12.90 17.06 t14.25 14.00 18.25
2 and 3 180-200 13.40 13.10 16.15 t13.78 13.35 17.09 :14.75 14.50 18.50
200-220 13.40 13.10 16.05 :13.78 13.35 17.09 :14.75 14.50 18.50
220-240 13.40 13.10 15.90 :13.50 13.10 16.69 :14.50 14,00 18.25
240-270 12.95 12.60 15.45 :12.88 12.45 16.09 :13.25 13.00 17.50
270-300 12.22 11.68 14,68 :12.00 11,69 15.44 :13.00 12.75 16.88
Sows -
300-330# 11.28 10.72 14.28 :10.29 10.12 14.78 :12.25 12,00 16,12
360-400 11.02 10.42 13,65 :10.29 10.12 14.75 :11.00 10.75 15.50
450-550 10.40 9.90 13.10 : 9.17 9.00 12.75 :10.00 9.50 14.88
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120# 10.40 10.25 16.00 : -- -- :12,75 -




238
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
----...--...--..-.-.--. ------------- .---------------........................................................--
Louis Kan- S. S. 8
Chi- Natl. : sas ah Sioux St. St. Indian- mkts.
Week ended cago Stock City a City Joseph Paul apolis corn
Yards bined

AVERAGE COST Dollars per 100 pounds
Barrows Mar. 17,1956 12.53 12.70 12.94 12.94 12.87 13.00 12.64 12.58 12.72
and Mar. 10,1956 11.99 12.39 12.41 12.35 12.24 12.45 12.33 12.13 12.27
gilts Mar. 19,1955 15.95 16.03 15.98 15.63 15.28 15.87 15.60 15.91 15.77
------ ----- ------ W ------ ----- M --- -----M ---
Mar. 17,1956 10.95 10.67 10.79 11.13 10.71 10.93 10.63 10,06 10.71
Sows Mar. 10,1956 10.64 10.05 10.45 10.62 10.21 10.54 10.18 9.97 10.32
Mar 19.1955 14.24 13.91 14.38 13.87 13.24 14.11 13.34 13.32 13.76
AVERAGE WEIGHT Pounds
Barrows Mar. 17,1956 236 219 217 227 234 216 220 224 224
and Mar. 10,1956 238 218 218 229 234 218 224 222 225
gits Mar. 19.155 245 220 224 249 252 228 233 226 235
Mar. 17,1956 422 408 400 403 411 394 394 449 415
Sows Mar. 10,1956 432 420 417 411 410 391 406 435 420
Mar. 19 1955 437 412 407 436 422 398 392 449 423
NUBRO ED "---43 ---- 42 -M- ------- M ------- M---------- 44
NUMBER OF HEAD -
Barrows Mar. 17,1956 34900 58094 10857 33032 26469 23866 52739 51715 291672
and Mar. 10,1956 42903 66212 10986 37856 33011 29086 68832 59019 347905
gilts Mar. 1_9_59.55 7395._43344 8135 349_ 28279 20673 47028 49007 268797
Mar. 17,1956 5258 3469 729 2806 1153 1522 2876 3505 21318
Sows Mar. 10,1956 5085 3445 596 2830 1134 1439 3059 3775 21363
Mar. 19,1955 34600 1954 404 2834 1323 1173 2745 2481 16374
SOWS---------M--------------- M----------------------
SOWS Percentage of total
Mar. 17,1956 13 6 6 8 4 6 5 6 7
Mar. 10,1956 11 5 5 7 3 5 4 6 6
M-r. 19.1955 8 4 5 8 4 5 6 5 6
ghted average.--, -- -- -- --- -- -- -- -- --W-- -- -- -- -- -- -- -
1/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
--- - M - - -
Gross spread
Hog products 1/ Hog prices 2/ or margin 3/
..................._,...............--.. or margin 3/
I ar. 17, 1956 $15.24 $12.65 +$2.59
Mar. 10, 1956 15.25 12.18 + 3.07
Mar. 19, 1955 17.93 16.32 + 1.61
--------- -- M-M-M-M ------ --- M ------ --------- M ------ M-M ----------- ----- -
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 180-20OO 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 gilts No. 3, yellow price ratio
Dollars per Cents per based on
100 pounds bushel barrows and gilts
Mar. 17, 1956 12.53 130.5 9.6
Mar. 10, 1956 11.99 127.6 9.4
Mar. 19, 1955 15.95 148.5 10.7
I/ Simple average price.





239
SEEEP AiD LAMES: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
:: : : :Ogden &:South
: :Kansas : Fort t :North (San
Chicago: Omaha Denver
Chcago Omaha : City Worth : rSalt :Fran-
S: ____ :Lake cisco


LAMBS 110
Choice and
Prime

Good and
Choice


down (WOOLED)'.
Mar. 17, 1956
Mar. 10, 1956
Mar. 19, 1955
Mar. 17, 1956
Mar. 10, 1956
Mar. 19, 1955


EWES (WOOLED) -
Good and Mar. 17, 1956
Choice Mar. 10, 1956
Mar. 19, 1955
Cull and Ilar. 17, 1956
Utility Mar. 10, 1956
Mar. 19, 1955


FEEDER LAMBS -
Good and Mar.
Choice Mar.
*_Sprg Mar.
*Spring.lambs.


17,
10,
19,


19F6
1956
1955


21.15
20.60
22.45
20.42
19.75
21.58

7.75
7.75
8.25
6.00
5.95
6.75


20.35
20.10
22.15
19.50
19.30
21.15

7.00
6.50
8.50
5.00
S4.50
6.75


-- 18.50

21.00


20.42
19.40
22.12 --
19.30 20.10l
18.45 18.30
21.12 22.75*

5.25
5.15
7.85 --
4.00
4.10
6.35 --

16.45
-- 16.75
-- 18.95


LIVESTOCK
MEAT


PRICES AT CHICAGO COMPARED WITH WHOLESALE AND COMPOSITE RETAIL
PRICES AND WHOLESALE AND RETAIL NEAT VALUES AT NEW YORK
S Steers Lambs __ Hos_
: Feb. a Jan. : Feb. : Feb. : Jan. : Feb. : Feb. : Jan. : Feb.
: 1956 t 1956 : 1955 : 19F6 : 19F6 : 1955 : 1956 : 1956 : 1955
Dollars oer 100 pounds


Live animal prices
Chicago lJ........ 21.77 22.25 29.92 20.39 19.12 22.06 12,75 11.99 16.90
Wholesale meat
prices,New York 2/ 35.62 37.12 47.17 37.04 38.18 42.21
Cents per pound
Composite retail meat
prices,New York 3/ 55.84 58,51* 70.13 51.22 E1.05 57.92
Value of carcass meat from 100F live animal (dollars)
Wholesale-New lork 4/21.37 22.27 28.30 18.15 18.71 20.68 18.10 17.48* 21.60
Retail New York 5/ 26.24 27.50* 33.24 24.18 24.10 27.34 22.95 22.76* 28.01
lj Av. Choice and Prime steers, 900-1100 lb., Choice and Prime lambs, and U. S.
No. 1, 2 and 3, 220-240?: hogs.
2/ Av. Choice and Prime steer beef, 600-800 lb., and Choice and Prime lamb.
3i Composite av. of semi-monthly retail quotations on various cuts (incl,lard)
combined in proportion to their respective yields from live weight.
4J 60 lb. of beef carcass, 49 lb. of lamb carcass and 60.43 lb.** of principal
hog products consisting of smoked, skinned hams, bacon, picnics, fresh loins,
Boston butts, spareribs, and carton lard combined in proportion to their respective.
yields from live weight. **Changed effective January 1956.
5/ 47.0 lb.** of beef cuts, 47.2 lb. of lamb cuts and 58.56 lb.** of principal
hog products, incl. lard. **Changed effective January 1956.
*Revised.


--
21.50
18.00
18.75
20.25

7,00
--m
--
--


19.70
19.60
22.16
* 18.80
18.78
20.88

9.50
9.50
9.50
6.92
7.12
6.38

18.00
18.00
20.75


17.40
17.25
21.00

7.00
7.00

4.50
4.50


e-


--~-------.


--W


D--





240
NEW YORK WHOLESALE MEAT TRADE REVIEW
Western Dressed Fresh Meats
Movement of fresh meats was slow and largely a repetition of the previous
week's inactivity. Supplies of most classes were in excess of immediate trade re-
quirements, particularly steer beef and veal, and to a lesser extent lamb. Moderate
fresh pork loin receipts were well in balance with the current demand. Steer beef
receipts were fully normal, including some carryover from the preceding week, cow
beef small to moderate, veal normal to liberal, including carried over stocks, lamb
about normal but somewhat reduced from a week earlier. Steer beef closed weak to
>1.50 lower; veal and calf steady to $2.00 lower; cow beef and lamb steady; pork
loins steady to $1.00 higher other fresh pork cuts steady to weak, with some sales
of Boston butts $1.00 lower.
Prime steer carcasses were represented rather sparingly as majority of offer-
ings graded Good and Choice, Comparatively few were under 700 Ibs., with some, par-
ticularly in the Prime grade, weighing up to 950 lbs. and above. Prices of Prime
steers were unchanged although carrying a weak undertone due to the excessive finish
of most offerings. High-Commercial cow carcasses which were in limited volume were
steady to strong. Otherwise there was little price change despite higher replace-
ment costs.
Stocks of veal, including all grades and weights, were usually excessive, al-
though fresh unloads in the upper grades found a fairly dependable outlet. Those
carried over from the preceding week and lower grades of fresh unloads sold at dis-
counts. Buying interest in lamb centered largely on weights under 50* which were
offered sparingly, and on hindsaddles, while chucks were hard to move and accumulat-
ed in many coolers.
The advance in pork loin prices was due more to higher replacement costs than
to any particular activity in trading. At the same time, receipts were only
moderate and dealers were able to maintain a firm price stand. Other fresh pork
cuts were mostly steady, except for some weakness in Boston butts.
Locally Dressed Fresh Meats
Changes in volume of slaughter were too small to affect the supply situation.
Prime steer beef was scarce with bulk grading Good and Choice. Lamb weights were
seasonally heavy, mostly 50-65p. Very few calf carcasses were offered, veal making
up bulk of the offerings in these classes. Trading at wholesale levels was only
fair at best for both kosher and non-kosher offerings except for a market improve-
ment in the movement of lamb foresaddles after mid-week. Steer ribs and loins sold*
dependably but other wholesale non-kosher cuts were slow. Trade on veal was very W
draggy, lamb fair. Fresh pork loin prices advanced late in the week. In kosher
meats, steer arm chucks, plates and briskets moved slowly at weak to lower prices,
with a similar trend on veal. Kosher lamb foresaddles brought strong to higher
prices.
Prices of steer hindquarter beef showed little change although prices of whole-
sale cuts reflected unevenness, with best demand for short loins and ribs. Arm
chucks and rounds were under pressure. However, prices of rounds tended to
strengthen late as trading improved. Best demand was for Prime offerings, together
with lighterweight cuts from carcasses under 750-. Kosher forequarters and related
wholesale cuts, except ribs, found a narrow outlet at uneven prices, depending on
weight and selection.
Buyers showed little interest in veal and calf carcasses or hindsaddles,
necessitating price reductions, particularly on grades below Choice/weights under
90*. Daily clearances were incomplete as supplies exceeded demand. Lamb carcasses
from 50-70* made up a major portion of daily kills. Weight was an important price
determining factor. Trading was somewhat improved over that of the previous week,
Continued on page 244.





241
CHICAGO WHOLESALE MEAT TRADE REVIEW
The week's moderate to normal aggregate supply of fresh meats was fully suf-
ficient for the demand. Good and Choice grades were again featured in the steer
beef supply. Steer carcasses over 700: appeared in above normal volume. Veal
offerings graded mainly Commercial to average-Choice. Supply of lamb and fresh
pork cuts was reduced. Lamb 55-65# predominated, these grading mostly Choice and
below. Lamb and pork trade-was rather slow, although volume buyers were fairly
active, particularly on pork. Prices of live lambs and hogs advanced, and this
along with the smaller supply influenced higher replacement costs. Steer and
heifer beef sold mostly steady in a slow trade. Squarecut chucks and rounds were
in best demand. Trade was draggy on ribs and loins, especially ribs over 35#.
Sellers found it difficult to break beef on a profitable basis, particularly
Choice lighterweight carcasses. Taking advantage of all available outlets for
beef cuts helped sellers keep daily carryovers close to normal. Veal trading was
dull all week. Iamb and pork clearances at wholesale will be good, veal and beef
only fair. Compared to last Thursday's close: Bcef.mostly steady to 50-, lower;
Commercial to Choice veal steady, Prime about t1.00 higher; lamb $1.00-1.50 higher;
pork loins 8-16# $1,50-2.00 higher; spareribs 3# down steady to $1.00 higher;
Boston butts 4-8# 500 lower.
S Choice and Prime squarecut beef chucks brought mostly $26.50-28.00; Prime
teer rounds $40.00-41.00, Choice t37.00-38.50; Prime loins $80.00-84.00, Choice
$55.00-60.00; Prime ribs $55.00-57.00, Choice 437.00-40.00; Choice and Prime kosher
style chucks 27.00-29.00. Lamb hindsaddles realized $45.00-52.00; logs $40.00-
47.00; loins $54.00-60.00, hotel ribs t47.00-52.00.

PACIFIC COAST WITOLESALE MEAT TRADE REVIEW

Supplies of most steer carcasses were fully adequate for the donand at all
points on the West Coast. Choice carcasses under 600# were scarce at Los Angeles,
while 700-800- wore in smallest supply at San Francisco. Cow beef was in limited
volume at all points, with veal limited at Los Angeles and calf at other points.
Bulk of lamb carcasses cighcd over 55#, A few spring lamb carcasses appeared at
San Francisco and Los Angeles. Supply of fresh and cured pork cuts was liberal in
California and moderate in the Northwest, with slab bacon somewhat cxoossivo in
the Los Angclcs area. Trading was slow in Los Angeles, fairly active in San Fran-
cisco and the Northwest. Compared to the previous week's close: Steer boof strong
Io t2.00 higher; cow beef steady to $1.00 higher; veal $2.00-4.00 lower in the
Northwest and steady at San Francisco; calf steady in California and nominal in the
!Torthwest; lamb mostly steady, altho instances weak at San Trancisco and $1.00
lower in the Northwest; fresh pork ma.nm1 steady; smoked meats and lard steady
except smoked skinned hams $2.00-3,00/ f California and bacon 42.00-3.00 lowcr in
that State.
Choice steer carcasses under 700# cashed mostly from $30.00-34.00, 700-800#
$29.00-32.00; Good 500-700# $28.00-32.00; Commercial p26.00-30.00; Utility $25.00-
28.00. Commercial cow boof sold from $24.00-27.00, few softboned carcasses to
$28.00; mature Utility $22.00-26.00; Canner and Cutter $18,00-23.00. Good and
Choice veal under 150# brought $40.00-48.00 in the Forthwest; Good $42,00-44.00 at
San Francisco; Good and Choice calf under 200'1 $37.00-39.00 at Los Angeles, Com-
mercial and Good t32.00-36.00 at San Francisco. A few spring lamb carcasses sold
in 3alifornia from $42.00-44.00; Choice and Prime old crop lamb under 58r $33.00-
40.00, Good down to t30.00 at Los Angeles. Fresh pork loins under 161" brought
$34.00-41.00; shoulders under 16# $23.00-27.00; smoked skinned hams under 18#
$45.00-53.00; slab bacon under 10# $30.00-40.00; few forced sales down to $25.00
in Los Angeles; sliced 1, packages t34.00-42.00; lard in 1# cartons $13.50-18.00.




242
WHOLESALE DRESSED MEAT PRICES: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds

New York Chicago San Francisco
"---------------~----------- -----;--_-------- -------;--Ma ----
Classification Mar. Mar. : Mar'
17 10 19 17 10 19 17 1 0 19
1956 : 1956 : 1955 1956 56 19565 1 1956 1956 1955
-- - -- -- -- --- --- -- -- --- -- -- -- -- -- -- -- --- -- -


Beef -
Steer -
Prime


600-700i


7C0-800
Choice 500-600
600-700


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

Choice

Good a
Pork Fresh -


)-00
v


0o-1 10
0 W
U 0

*0-50f
50-60
10-50
50-6 w
dl wts.


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, If cartons -
Refined
Substitutes


38.00
36.00

33.65
30.00
28.00

26.00
24.00

40.50
34.70
30.50

37.00
35.00
37.00
35.00
35.00

33.70
33.70
32.90
28.40


47.50
46.00



32.50
36.50


38.00
36.00

34.40
31.00
28.00

26.00
24.00

41.00
35.50
31.00

37.10
35.20
37.10
35.20
35.00

33.60
33.60
32.70
29.10


47.00
44.90



32.50
36.50


-.
50.70

43.10
37.50
33.50

28.50
25.00

43.00
36.50
31.50

44.50
44.50
42.00
42.00
40.50

39.50
39.50
37.80
32.40


48.00
43.00



38.00
47.50


S36.80
136.80
j32.50
:32.50
:28.05
:26.25


37.00
37.00
32.95
32.95
27.95
26.75


49.80
49.80
39.75
41.65
34.20
31.40


: --
:33.00
:31.80
:30.50
:28.00


-- --- :26.00
-- -- %23.00


:40.90
:36.00
:33.00

:37.05
:34.30
:37.05
:34.30
:33.60

:33.20
:33.20
:32,30
:24.30


:50.20
:49.50
:48.80

:31.45
:29.20
:36.00


24.00 24.00 32.00 :28.80

13.50 13.50 14.00 :11.75

16.00 16.00 15.50 :14.38
-- -- :25.00


41.30
36.80
33.80

36.85
33.90
36.85
33.90
33.40

31.75
31.75
31.35
25.10


50.15
49.20
48.65

31.25
30.00
36.30


42.30
39.30
35.00

43.00
41.20
42.00
39.20
38.40

38.50
38.50
37.50
29.60


46.85
45.75
45.90

44.75
41.30
50.00


:43.00

:38.00
137.00
:38.00
:35.00
:35.50

:38.50
:39.50
:39.00
:34.00


:50.00
:48.90


:38.00
:36.00
:40.00


29.00 33.15 :28.00


m--

32.50
31.00
30.50
28.00

26.00
23.00



43.00

38.00
37.00
38.00
35.00
35.50

38.00
39.00
39.00
34.00


50.00
47.50
-e

40.00
38.00
42.50


--

40.50
39.00
38.75
36.00

30.00
27.00



41.00


44.00
41.50
43.00
41.00
39.50

45.00
43.00
41.00
39.00


51.00
48.00
--

53.00
46.00
51.00


Note: Quotations at New York exclude locally dressed meats.


11.75 11.50 :


30.00 34.00


14.75
25.00


14.95
28.00


:17.25
* --


17.25 17.50


-i







BOSTON TWOCL MARKET RFVIF"


Trade continued very dull in the Boston Wool market as approximately eight
oars of odd lots consisting of various graded and original bag greasy worsted
wools vere sold. Prices held about unchanged for Territory half blood and I
blood wools while medium Fleeces appeared definitely easier. All other class-
ifications held nominally unchanged with vertical mill buyers the principal
factors in the local market.
Private Australian cables early in the week showed Merinos firm with the
trade animated. Japan was the dominating influence with the Continent and local
mills supporting. South African prices were about steady and unchanged under
general competition while New Zealand quotes appeared to have firmed with Con-
tinental interests the principal buyers. Trade at the South American markets
continued quiet with quotations unchanged.
Fleece "rcols A mixed car of early shorn Ohio 56/58s and 50/54s good
French combing and staple wool at 54/ in the grease cost around $1.04 and 961
clean basis. At midweek, country buyers were offering 40# grease basis to the
growers.
Territory Wools -raded 60/62s good French combing and staple Territory
wool sold at P1.22 and 1,.25 clean basis while a lot of 60/62s clothing wool
brought about 1.10 and 50/54s Tood French combing and staple moved at $1.08
clean. A very small lot of graded low blood sold around 90# clean basis.
An original bag lot of bulk fine and bulk good French combing and staple Territor
wool from the n'w clip brought about A1.30 clean basis. In and around Roswell,
New Mexico, criginal bag wools sold recently from 32# to 52*X in the grease.
Short finch wools were estimated to cost from $1.10 to $1.16 clean, delivered
Boston while bulk good Fronch combing L'nd staple fine wool was estimated from
$1.22 to $1.30 landed, while crossbred wools ranged from $1.10 to $1.23. Early
shorn Idaho wcol of bulk medium grades sold at 46-/ grease basis to the growers.
Other clipd brought 41/ and 41" to the growers,
Texas '"ools Turnover of greasy Texas wools in the local market was
practically at a standstill while th.- movement in Texas was dormant.
Mohair A little Mohair vras sold in Texas early in the week at 81A for
Adult and 91 for Kid Mohair to the warehouse. The smrll quantity of Kid hair
at 91 L was not considered indicative of the general price level, according
to some dealers.
Sales of CCC "Jools The Com-nodity Credit Corporation announced on March
15, 1956 that approximately 154,000 pounds of C.C.Co- owned wool were sold,
from bids r,-c-ivr-d nn a total of about 5,000,000 pounds. The grades, quantities,
and ialcs price ranges (before discounts, if nny) follow:


Pounds
98,947


O.P. fall Texas, average to short clngth


Price Renge
$1.0C5-~l.055


Sccurcd shorn 3/8s fleece staple and good French 36,500 1.08 1.122
48/50s I t 11,500 1.052
58s woolen type 12 months 7,185 1.015 -1.02
Foreign 'ools Montevideo shippers were asking 66/ grease basis for super
skirted 60s -nd 5/60s for shipment. Puenos Aires shippers were asking P3~
clean basis for November second clips with a bid of 82X received while B.A. 58
fleeces were quoted at 841 clean fibers present. Cabled reports at week's end
showed Australian fine wools firm and unch-inged while crossbred wools were
considcr-d holding unchanged from last week. New Zcaland quotes follow: TV'p
93/94 at .845; 834/835 at 84#; 100/101 at .835; 107/108 at 82/; 114/115 at 81/
and 128/129 at 80%. South Africa type 27 at $1.15; 28 at $1.12; 32 at $1.12
and 33 at 91.10. Above quoto's based on clean U.S. yields in bond.


36
?5
!5







UNITED STATES FEDERALLY INSPECTED SLAUGHTER BY REGIONS
Calendar Year 19F5 with comparisons
(thousand head)

SRegio Cattle Calves Hogs_ : Sheep
R- 5 : 11955 1954 :gion-1955 :
: 1955 t 1954 : 1955 : 1954 t 1955 : 1954 : 1955 :


N. Atlantic States.....
S. Atlantic States.....
N, C. States Eastern.
N. C. States-N.Western.
N. C. States-S.Western.
S. Central States......
Mountain States........
Pacific States.........


1,

3,
5,
1,
2,
1,
2,


Total ................ 19,


508 1,529
560 511
778 3,784
371 5,094
927 1,943
330 2,297
169 1,078
413 2,840

055 18,476


1,333
424
2,366
1,167
420
1,228
86
476

7,499


1,270
428
2,394
1,142
531
1,289
83
436


5,903
2,467
14,557
24,423
5,903
4,245
1,087
2,"86


7,573 61,370


5,163 2,635
2,207 1
13,134 1,439
20,964 4,286
4,858 1,187
3,422 1,261
942 1,294
2,204 2,281


52,8-34 14,383 14,148


Other animals slaughtered under Federal inspection, (number of head): Year 1955;
Horses 196,106; Goats 88,519; Year 1954, Horses 247,258; Goats 84,575.



UNITED STATES FEDERALLY INSPECTED SLAUGHTER BY REGIONS
February 1956 with comparisons
(thousand head)


Cattle Calves : Hogs
Region- -- -- -
: 1956 : 1955 : 1956 : 1955 : 1956 : 1955 :


N. Atlantic States.....
S. Atlantic States.....
N. C. States Eastern.
N. C. States-N.Western.
N. C. States-S.Western.
S. Central States......
Mountain States.......
Pacific States.........
Total................ .


124
40
307
433
142
141
99
198
1,484


108
35
268
375
132
142
86
168
1,313


113
24
204
103
23
78
7
34
586


93
21
184
87
25
68
6
32
517


542
251
1,363
2,363
553
493
95
2F55
5,922


447
188
1,132
1,794
390
333
83
210
4,638


Sheep & lambs

1956 : 1955


194

111
393
90
83
127
165
1,163


199

110
362
94
F4

161 W
1,080


Other animals slaughtered under Federal inspection, (number of head): Feb. 1956;
Horses 13,697; Goats 3,723: Feb. 1955, Horses 13,712; Goats 5,612.

Data furnished by Agricultural Research Service.

NEW YORK LOCALLY DRESSED FRESH MEATS CONTINUED FROM PAGE 240.
particularly for hindsaddles. Kosher lamb foresaddles recovered the previous week-a
decline and sold readily at advances of $2.00-3.00 or more.
Expanded buying interest for fresh pork cuts apparent at the close of previous
week carried over into the current week's trading and prices turned upward in line
with advancing replacement costs. A good clearance was effected.


244


& lambs
1954


2,578
3
1,448
4 ,420
1,252
1,181
1,126
2,140




245


MEATS AND MEAT FOOD PRODUCTS PREPARED AND PROCESSED
UNDER FEDERAL IIISPECTION
: -- Week ended
Prod: Feb, : Feb. : Feb. : Feb. : Mar.
Product
: 4 1 : 18 : 25 : 3
: 1956 : 1956 : 1956 : 1956 : 196_
1, 000.. 1 000 1,00? 1000 t 1, lOO
100l__ ~1~~~


a -ucJ U .L.1 LUU. -
Beef . .
Pork .
Other. .
Smoked and/or dried -
Beef . .
Pork ... .
Cooked meat -
Eeef . .
Pork . .
Other .
Sausage -
Fresh finished .
To be dried or semi-dried.
Franks, wieners. .
Other, smoked or cooked .
Loaf, head cheese, chili,
jellied products .
Steaks, chops, roasts. ., .
Meat extract .
Sliced bacon .
Sliced, other. .
Hamburger. .
Miscellaneous meat product .
Lard, rendered .. .
Lard, refined. .
Oleo stock .


Edible tallow.


. .


Rendered pork fat -
Rendered .
Refined. .


Compound containing animal fat
Oleomargarine "
Canned product (for civilian
use and Dept. of Defense)


3,477
68,528
38

1,045
48,023

1,390
5,369
99


5,239
2,735
10,776
10,953

3,413
13,190
7
18,647
3,018
3,894
1,842
45,669
35,890
2,206
3,374


2,323
1,223
10,384
1,249

53,912


3,105
69,923
48

968
47,652

1,346
5,282
72

5,031
2,638
10,955
10,934

3,566
12,773
10
18,372
3,017
3,659
2,021
46,417
32,185
2,089
3,361

2,244
1,651
11,702
1,283

53,955


2,624
67,956
15

911
46,444

1,343
4,982
57

4,934
2,629
10,291
10,355

3,327
12,631
32
17,689
2,834
3,234
1,777
45,672
33,154
2,028
3,667

2,294
1,151
11,132
1,430


3,297
67,795
22

1,133
44,384

1,421
5,158
78

4,756
2,044
9,891
10,011

4,205'
13,244


17,518
2,703
3,025
2,019
44,189
32,952
1,988
3,637

2,260
1,332
10,211
1,519


58,017 47,096


3,569
78,160
29

1,428
50,455

1,458
6,276
60

5,175
2,592
11,124
10,845

3,445
14,244
11
19,141
2,843
2,886
1,688
52,699
34,235
2,097
3,757

2,763
1,434
12,660
1,345


5--, 770
-----------------------------------------


Total 1/ .. 357,916 356,258 352,610 337,894 381,191

1/ This figure represents "inspection pounds" as some of the products may have
been inspected and recorded more than once due to having been subjected to more
than one distinct processing treatment, such as curing first, then canning,




246


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247


INSPECTED STOCKER AND FEEDER SHIPMENTS FROM PUBLIC STOCKYARDS
FEBRUARY 1956 WITH COMPARISONS


Cattle and Calves

Market Feb. Feb. :: State
origin 1956 1955 destination
Number Number


Baltimore. .
Chicago. .
Cincinnati .
Clovis.. .
Denver ..
Detroit. ..
Fort Worth .
Indianapolis .
Kansas City. .
Lancaster. ..
Los Angeles..
Louisville .
Nashville .

Sgden .
klahoma City.
Omaha. .
St. Louis area
San Antonio.
Sioux City .
Sioux Falls.
S. St. Joseph.
S. St. Paul .
Wichita .


All other inspected 2/


764
4,24'
70'
7,15l
9,59:
53(
6,81E
2,78E
29,4 7
3,284
3,784
2,254
1,06
8,89'
18,224
14,27;
6,81l
13,62
18,87.
7,8c'
6,86
F,61;
7,33,
41,56{


1,902
9 4,894
S 504
S 9,410
L 13,397
0 1,117
5 11,360
3 2,816
3 25,074
4,714
5,120
1,760
L 1,523
7 5,245
14,985
L 17,052
5 7,074
L 12,397
5 19,309
7 7,843
3 7,467
3 7,169
S 7,571
3 45,522


Pennsylvania.
Ohio. .
Indiana .
Illinois. .
Michigan. .
Wisconsin .
Minnesota .
Iowa. .
Missouri. .
South Dakota.
Nebraska.. ,
Kansas. .


Maryland,
Virginia.
Kentucky.
Tennessee


* .
* 9
* 9
. .


9
Feb. Feb.
1956 1955
Number Number
. 3,955 5,590
. 5,942 4,592
. 5,830 5,237
. 19,186 17,583
. 1,515 2,352
. 499 310
. 7,139 6,082
. 35,151 34,183
. 19,983 14,005
. 5,542 6,750
. 12,027 22,827
S. 14,337 17,993


. .
* .
. .
* *


Oklahoma ....
Texas ..
Colorado. .
Utah .
California. .
All other 2/. .
w- -


624
770
2,057
2,016

10,836
19,308
9,592
1,997
19,359
24,757


1,359
927
2,323
2,603

9,873
20,199
9,566
1,695
17,117
32,059


Total ... .222,392 235,225


Total 2/ .


9


Sheep and Lambs
Chicago ....... 574 323 Ohio .
Denver. 17,403 18,447 Indiana .
ort Worth 3,920 6,207 Illinois. .
nsas City. 3,804 3,250 Michigan. .
Louisville -- Wisconsin .
Ogden. . 1,508 1,822 Minnesota ..
Omaha. . 2,811 2,891 Iowa. .
St. Louis area J. .. 375 808 Missouri. .
Salt Lake City 2,680 4,982 South Dakota. .
Sioux City 4,782 5,665 Nebraska, .
Sioux Falls. 2,634 2,578 Kansas. .
S. St. Joseph. 11,782 14,739 Kentucky. .
S. St. Paul. 8,827 10,288 Texas .
Colorado. .
Utah .
All other California. .
inspected 2/ .... 21,527 13,639 All other 2/. .
Total 2/ 82,627 85,639 Total 2/. .


. .222,392 235,225


. 515 925
S. 612 1,288
. 3,476 2,822
. 780 1,351
. 1,235 599
S. 9,590 14,142
S. 14,617 13,044
. 13,718 18,091
. 4,023 5,150
. 13,098 10,198
. 687 4,430
. -- 1,922
S. 2,455 1,712
S. 9,509 4,493
. 187 147
. 2,469 463
, 5,656 4,862
. 82,627 _85,639


VJ Includes St. Louis National Stockyards, Ill., and St. Louis, Mo.
2V Excludes Hawaii.
Compiled by the Agricultural Estimates Division, Agricultural Marketing Service,
from Inspection Records of Animal Quarantine Branch,Agricultural Research Service.


. .




248
Stocker and feeder cattle and sheep received in several Corn Belt States j/
February 1956... with comparisons_ __ ___

Cattle and Calvejs

: Public Stock : : :
S Yards : Direct Total Cumulative Total
: Yards :
State
SFebruary Februy : bruary _:Jan._-F .eb nl. _._ _
S1956 : 1955 : 1956 : 1955 : 1956 : 1955 : 1956 : 1955

Ohio 5,603 5,016 3,627 592 9,230 5,608 19,299 15,471
Indiana 4,463 5,278 1,283 1,348 5,746 6,626 12,535 15,875
Illinois 16,792 20,689 30,763 19,687 47,555 40,376 112,405 107,885
Michigan 1,474 2,437 776 677 2,250 3,114 7,788 7,180
Wisconsin 996 409 385 87 1,381 496 3,905 1,332
Minnesota 7,494 5,961 6,018 5,535 13,512 11,496 36,551 37,075
Iowa 46,466 38,294 25,833 19,084 72,299 57,378 158,633 158,602
South Dakota 6,715 6,444 637 2,057 7,352 8,501 13,889 19,968
Nebraska 12,710 22,040 10,543 15,508 23,253 37,548 66,735 101,728
Total
9 States 102,713 106,568 79,865 64,575 182,578 171,143 431,740 465,116


Sheeeg and Lambs


Ohio 515 925 433 706 948 1,631 3,217 8,578
Indiana 297 2,154 1,041 620 1,338 2,774 3,582 6,227
Illinois 3,088 3,251 6,890 6,145 9,978 9,396 25,813 29,161
i-lichigan 779 1,351 --- 537 779 1,858 2,070 3,606
Wisconsin 1,235 599 -- 716 1,235 1,315 1,235 2,529
i-iinnesota 10,776 12,428 8,487 6,504 19,263 18,932 38,917 50,897
Iowa 13,113 12,785 35,036 30,540 48,149 43,325 145,363 143,324
South Dakota 4,168 4,139 7,692 6,477 11,860 10,616 20,353 27,651
Nebraska 16,771 10,723 10,690 34,300 27,461 45,023 40,627 89,085
Total
9 States 50,742 48,355 70,269 86,545 121,011 134,900 281,177 361,058
- ------ ---- ------------ ----- ---- ---- ------------- --- --- ---- ---- ----0*

i/ 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.

UNITED STATES DEPIARTIMlNT OF AGRICULTURE
Agricultural Harketing Service
Agricultural Estimates Division
Washington, D. C.






.j





240
COLD STORAGE HOLDINGS OF MEATS AND LARD, FEBRUARY 29, 1956
With the exception of pork and canned meats, holdings of all meat items were
reduced during February. Stocks of beef, down to 196 million pounds by February 29,
were 41 million pounds above the holdings of a year ago but 8 million pounds under
average for this date. Pork holdings were up 32 million pounds from the month
before to total 513 million pounds by the end of February. This seasonal gain was
28 percent greater than average but not much larger than the February gain of the
year before. Total pork stocks were still under average by 14 percent and below
last year's holdings by 4 percent. Holdings of other meats, including canned meats,
were up 9 million pounds to 173 million. A year earlier stocks amounted to 153
million pounds while the average for this date is 152 million pounds.


UNITED STATES STORAGE HOLDINGS OF MEATS AND LARD, FEB. 29, 1956 WITH COMPARISONS
(Includes holdings in public, private and semi-private
cold storage houses and meat packing plants)
: Feb. : Jan. t Feb. : Feb. 28 :Feb 29,.1956 asFof
Commodity 29 : 31 t 28 : 1951-55 : Jan, : Feb, :Feb. 28
I--. ----- : 1956 S 1956 :_ 1955 _: _av. : 1956 : 1955 :5-yr.av.
BEEF: 1,000 lb. 1,000 lb. 1.000 lb. 1,000 lb.
Frozen. 185,273 201,851 146,208 192,420 92 127 96
In cure,cured 8- smkd. 10,565 10,420 8,190 10,926 101 129 97
Total. 195,838 212,271 154,398 203,346 92 127 96


PORK:
Frozen. 380,509
Dry salt,in cure and
cured. 28,917
Other,in cure,cured
and smoked 103,728
Total. 513,154
OTHER MEATS A11D MEAT PRODUCTS:
Sausage & sausage
room products. 15,693
Frozen lamb & mutton 9,664
SFrozen veal 16,287
Canned meats & meat
products. 66,946
All edible offal.. 64,644
Total other meats &
meat products. 173,234
Total all meats .882,226
Lard, rendered &
refined l/ 2
GOVERNMENT HOLDINGS 3/


358,427 383,344 401,093


29,568

93,607
481,602


16,095
10,566
18,045

50,899
68,187

163,792
85 ,665


35,761 42,660


112,987
532,092


13,486
8,743
13,847

61,663
55,552

153,291
839,781


153,709
597,462


16,279
12,953
13,641

49,683
59,817

152,373
953,181


106


98 81


ll
107


98
91
90

132
95

106
103


92
96


116
111
118

109
116

113
105


95

68

67
86


96
75
119

135
108

114
93


183,615 137,882 149,892


Pork. 6,131 7,514 10,161 2 82 60
Beef ...... 5,920 8,336 7,546 2 71 78
-/ In dry and cold storage as reported by Bureau of Census,
2/ Not available.
P/ Government holdings are included in the totals and consist of reported stocks
held by U.S.D.A., the Armed Services and other Government agencies,


p


--




UNIVERSITY OF FLORIDA
111 1II IIIIIIIIIII IIIIII IIIII 1IIII1 iIMi ll!
3 1262 08734 5343


















SHEEP AND LAMBS CONTINUED FROM PAGE 231
Choice slaughter ewes sold at midwest markets from $3.50-8.50. Good and Choice
feeder lambs brought t18.00-20.00, some ewe lambs $20.25.
WESTERN LIVESTOCK REVIEW

Price advances were recorded on mature slaughter livestock at most Far West
terminals for the second successive week. Slaughter steers and heifers sold steady
to $1,50 higher; cows steady to 500 higher; vealers and slaughter calves $1.00-4.00
lower in the Northwest, 25-50# higher at Denver, mostly steady at other terminals;
sticker and feeder steers and heifers firm to 50# higher; barrows and gilts steady
to 25# or more higher; slaughter lambs steady to strong at most points, 25-50#
lower at Denver, and 50# lower in So. San Francisco. Good to average-Choice fed
steers brought'$17.00-19.25 at most western terminals, some average to high-Choice
$19.50-20.65, one load Prime 1204# $21.5C at Los Angeles. Good and Choice
slaughter heifers cleared from $15.00-19.25; Utility and Commercial cows $10.00-
15.00; Canners and Cutters $8.00-11.50. Good and Choice vealers and slaughter
calves under 350# bulked from t220.00-25.00, few Choice vealers $26.00-28.00. Medium
and Good stocker and feeder steers brought $15.00-17.00, mixed Good and Choice
$17.50-18.00, Choice yearlings at Stockton $19.00-19.25. Good and Choice steer
calves cashed from $17.50-20.50.
Good and Choice slaughter steers scid out of California feedlots from $18.50-
20.25, scattered loads high-Choice $20.50-21.00, four loads high-Choice 950-975# .
contracted during the week at $21.50, 2 loads for immediate delivery, balance by
April 15. Good and Choice fed heifers cleared from $16.00-18.50, few loads high-
Choice $19,00-19.50. One sizable string of grass slaughter steers was contracted
in northern California for early June delivery at $18.00, with 500 head at $17.00.
Around 80 head of Good 900:. feeder steers sold for immediate delivery at $1-7.00,
two loads 575# stockers $17.50; 250 head Good and Choice Nevada steer calves $19.00,
300 head heifer calves same grades $17.00; slaughter steer and heifer sales gener-
ally FOB ranch at 44 shrink, other quoted sales from 2-3% shrink.
1iixed U. S. No. 1 to 3 180-240- barrows and gilts sold late at $14.50 at S.
San Francisco; $15.00 at Stockton; $14.00-14.75 at Los Angeles; $14.25-15.50 Fort-
lo r ; $14.00-14.50 Spokane; $13.75-14.50 Ogden; t13.50-14.25 Denver. Choice
93-1114 wooled slaughter lambs brought $19.25-19.50 late at Derver; Good and Choice
at Wectorn terminals .17.00-19.25. Several thousand. spring slaughter lambs in the
San J laquin Valley sold to slaughterers for delivery prior to Easter mainly at
$20.00.




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