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:
AA00012178:00014

Related Items

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


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Full Text
A vfy.:A^r


7awd LIVESTOG EiKTDIVISION Week0




MARKET REVIEWS AND STATISTICS
Vol. 24, No. 16 April 17, 1956
Week ended April 14

Page
Livestock Market Reviews. . 310
Livestock Market Receipts ......... 312
Feeder and Stocker Statistics .. 312
Steer Sale Statistics . 313
Estimated Slaughter and Meat Production 314
Slaughter at Major Centers. . 315
Estimated Percentage of Feeder and Stocker Cattle
and Slaughter Cows in Salable Receipts. 315
Cattle Prices . 316
Hng Prices . . 317
Hog Purchase Statistics . 318
Sheep and Lamb Prices .. . 319
Wholesale Meat Trade Reviews . 320
Wholesale Meat Prices ....... .. 322
Wool Market Review ..... 323
Special to this issue

Federally Inspected Slaughter by Regions, March 1956. 319
Meat and Meat Food Products Processed and Canned under
Federal Inspection, March 4-31, 1956. 324
Storage Holdings of Meats and Lard, March 31, 1956. .326
Cattle on Feed, April 1, 1956 ... 327
Stocker and Feeder Cattle and Sheep Received in
Several Corn Belt States, March 1956. 329







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


A1il-WAlg





310
MIDWEST LIVESTOCK MARKET REVIEW
Cattle receipts at the 12 markets were of about the same volume as those of
the previous week. Demand for fed steers was less urgent than in the two previous
weeks, however, and prices showed a declining trend. At Chicago and Omaha where
receipts increased, late prices on steers were steady to 1t.00 lower. Trend at
other midwest markets was mainly steady to 500 off. Heifers were lower at a few
markets, steady to 50# higher at others, while cows sold mostly steady to 50#
lower, instances 75#-41.00 off. Stocker and feeder trade was fairly active with
prices little changed. Hog prices turned lower for the first time in seven weeks,
reflecting to some extent sluggishness in the wholesale fresh pork trade.
Slaughter lamb supply was reduced but demand was not as broad as during the previ-
ous week and late prices were mostly steady to 50# lower at midwest terminals.
SLAUGHTER CATTLE AND CALVES
Price trend on fed steers at midwest markets was steady to t1.00 lower for
the week, Trade was quite uneven at the different markets, however, due in part
to irregular distribution of receipts, both at the various terminals and in the
aggregate throughout the week. Monday's 12-market run of nearly 105,000 was
largest since late February and prices dropped sharply following two week's of
stronger trends. The next day's run was smallest for a Tuesday in about two
months and prices held steady to strong. While the week's aggregate tun at 12
markets showed little change from that of the previous week, receipts at Chicago
and Omaha were larger than a week earlier, and fed steers closed at those centers
steady to 1,00 lower. Sharpest decline at Chicago was on high-Choice and Prime
offerings, while at Cmaha, where an additionally depressing factor was the absence
of a major packer from the trade for the second straight week due to labor trouble,
most pressure was on high-Good and Choice. At other midwest markets where receipts
were generally smaller than the previous week, supply and demand were more evenly
matched and late steer prices were steady to 500 lower, high-Choice and Prime firm
at Sioux City with most early sharp declines fully recovered at St. Louis National
Stock Yards. Supply of heifers at Omaha increased and late prices there and at
St. Joseph showed weakness, with trend at other points mainly steady to 500 higher.
Cows closed 50-t1.00 lower at Chicago, bulk at other midwest centers steady to
500 off, Bulls sold unevenly 50# lower to tl.00 higher; vealers and calves largely
steady to ,l.00 off,
Prime steers and offerings grading below Good made up only a relatively small
percent of the beef steers at most markets for which such data are available.
Good and Choice made up 88.51 at Chicago and more than 90' at Omaha and Sioux
City. Average weights of beef steers at Chicago and Omaha were 9 to 10 pounds
lighter than a week earlier, Slaughter of 1,565,971 cattle under Federal in,
section in March established a new record for the month.
Good to high-Prime steers sold at Chicago from t17.00-26.50, a spread of
,9.50 a cwt. Good and Choice bulked there from t17.00-21.25, with majority of
the same grades at other midwest terminals from ?17.00-20.50. At Omaha high-
Choice and Prime 1511-4 steers brought *22.00, a load of Prime 1119f t24.25, and a
load of high-Prime exceptionally high-yielding 1310# steers reached t26.00, high-
est there since last April, A load of Prime 1318# steers brought t24.00 at Sioux
City, & shattering high-Choice EnJ Prime at other centers from 420.50-22.50.
1 STOCKER AND FEEDER CATTLE AND CALVES
Moderate .receipts of stocker and feeder cattle and calves arrived at terminal
markets. Volume showed little change from that of the previous week but fell
short of a year ago, especially on calves. Shipments of steers to the country
from the 10 markets totaled 17,351, compared with 15,342 a week earlier and 19,526
a year ago. Outgo of calves totaled 4,621 compared with 4,437 a week ago and
8,270 a year ago, A fairly large percent of the week's receipts consisted of





311
500-700# yearling stock steers. Good to Choice grades predominated but rela-
tively few graded better than average-Choice. Stock calves were in limited
supply and only a moderate number of feeder steers was offered. Feeder buyers
purchased a moderate proportion of the fleshy two-way steers, but even so, ship-
ments of steers 800+ up to the country were materially below a year ago. At
Kansas City, Illinois buyers purchased 50 percent of the feeder steers averaging
over 800#. The price relationship between stockers and feeders and fat cattle
has gradually worked toward a more normal basis than earlier this year. The ad-
vances in fat cattle prices from last winter's lows have encouraged renewed inter-
est in feedlot replacements, At the same time, recent rains and snows over many
of the areas which had been suffering from insufficient moisture brightened
prospects for spring and summer pasture, Consequently, trading generally was
fairly active on most all classes at steady prices, instances mildly stronger.
One of the very few instances of a weaker trend was at Sioux City where prices
were ruled steady to 500 lower. This was probably more of an effort at realign-
ment with other markets rather than due to other factors, since that market was
one of the few to show a materially stronger trend the previous week. Good and
Choice yearling stock steers sold largely from t16.00-20.50, few t21.00. Choice
steer calves sold upward to t21.50, but high-Choice calves were virtually lacking.
Good and Choice feeder steers 800j up brought $16.50-19.25, those above 1l8.50
usually being fairly fleshy. Choice, partly fattened 875w steers sold to a
finisher at t20,00, Good and Choice stock heifers, both yearlings and calves,
sold mainly from l15.50-18.00, few calves upward to t19.00,
HOGS
Combined receipts of salable hogs at the 12 terminal'markets and in the
Interior Iowa-Southern Minnesota area were a little smaller than those of the
previous week but moderately larger than a year ago. Numbers at terminal markets
were relatively more liberal than those in the Interior, Shippers purchased a
moderately large volume at terminal centers but in the Interior, shipping demand
was poorest in Some time. Hog prices reflected the slow, mostly steady to lower
trend in the wholesale fresh pork trade, and butchers and sows registered the
first weekly downturn since late February. Compared with the previous Friday,
butchers closed weak to 750 lower, mostly 25-50# off, sows mainly steady to 250
lower. U. S. No. 1 and 2 butchers, particularly weights 220- down, were in good
demand and frequently drew 25-750 higher prices than mixed No. 2 and 3 lots of
comparable weight, Otherwise, majority of sales covered a relatively narrow
spread. Receipts in the Interior were smallest since last September and butchers
there closed largely 10-15# lower. Slaughter of 6,326,637 hogs under Federal
inspection in March was more than 20L larger than the past five-year March average
and with the exception of 194a, was largest of record for the month.
Stocker and feeder pigs were steady to 50# higher at S. St. Paul, Good and
Choice cashing from 12,50-14,00. At Sioux City prices were fully 50 lower, most
Good and Choice 120-150# feeders selling from 2l2.50-13.00, few t13.25. Medium
and Good 70-140# feeders sold about s-eady at M1emphis, largely from $9.50-12.00.
SHEEP AND LAMBS
Slaughter lamb prices tended lower at most midwest terminals even though 12-
market receipts were the smallest in five weeks and 22% smaller than a year ago.
Trading on lambs was uneven, with the general trend steady to 50' lower. At S.
St. Paul, however, where last week's late trade was under considerable pressure,
closing prices were steady to 503 higher, the advance on shorn lambs. On the
other hand, spring lambs closed mostly 1.50 lower at Ft. 'orth. Slaughter ewes
were steady to 2_5 lower while prices of other classes sold mostly steady. In the
Southwest, spring lambs were in fairly liberal supply, but at most midwest markets
old crop offerings predominated. Good to Prim-? wooled lambs sold largely at
18.00-20.75, a few loads t21.00-22.00. A few Good lambs along with some extreme-
ly heavy Choice offerir.ps sold down to t17.00. Cull to low-Good lambs brought
$10.00-19.00. Good to Prime spring lambs sold at t18.00-23.25. Shorn lambs of
Continued on page 330,






WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS


r-------- -- ---------,-------- -- - ?? --
T Cattle Colves Hogs Sheep
Market Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr.
14 16 14 16 14 16 14 16
1956 1955 1956 1955 1956 : 1955 i 1956 1955
------ ------------------------- A---------------------------- L--------L------------- J----------.
Chicogo .....--.. 43,653 39,696 1,540 1,966 44,570 46,283 5,254 10,142
Cincinnoti.......... 3,958 4,151 1,319 1,302 16,618 13,457 168 321
Denver ............ 12,810 14,372 699 1,318 2,900 2,365 17,806 20,195
Fort Worth.---..-... 8,932 8,900 1,436 1,715 3,235 2,054 20,840 28,572
Indianapolis--...... 8,646 9,274 1,185 1,408 46,574 49,087 1,199 66
KansasCity-.------ 19,545 23,126 1,126 1,702 12,488 9,057 10,415 8,115
Oklahoma City...... 11,716 9,696 987 1,135 4,339 2,713 1,760 2,759
Omaha............. 37,495 38,783 916 743 36,205 40,910 10,107 15,701
St. Joseph......... 13,920 14,584 820 729 27,310 25,537 5,399 3,765
St. Louis NSY....... 18,655 16,510 3,621 3,598 66,838 50,166 2,381 3,562
Sioux City.......... 16,582 21,179 286 487 28,064 30,203 2,653 7,873
S. St. Paul. .----. 22,251 21,377 10,028 9,679 50,303 46,727 6,4.189 6,510

Total. -----------218,163 221,648 23,963 25,782 339,444 318,559 84,471 108,381
Apr. 7, 1956 219,833 24,331 321,606 90,996
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
Apr. 14, 1956 .-------------. 304,500 24,700
Apr. 7, 1956 ......--------..-...... 336,000 28,400
Apr. 16, 1955 --------------- 289,000 28,900
FE EDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT, AND NUMBER
Week ended Month Throo months
. . ^ y y w e e j~ d- -- - t h ..- --- -- --T-^- - -
Apr.12 Apr. 5 Apr.14 Mar. Mar. Jan.-Mar.
1956 1956 :1955 :1956 : 1955 1956 I 1955
.. ..... ...... .. ....-. .-.5.6.....---- 5.-.-- ....-5 .. ..19.5.6. ._ ....5. .. ........ .....
Stees 1001 up 665 322 820 1,486 3,143 4,877 7,285
901.1000 1,469 925 2,995 6,303 9,474 17,911 26,287
801-900 2,364 1,684 3,652 10,939 14,470 37,321 40,641
701-800 3,242 3,035 2,913 13,421 13,787 41,770 42,279
501-700 9,611 9,376 9,146 39,354 45,607 106,587 116,535


Total steers 10 akts.
Av. wts." "
Av.cost*" "I
Chicago
Ks. City
Omaha
"S. St. Paul
Sioux City
Denver
Ft. Worth
Okla. City
S. St. Joseph
Natl. Stk. Yds.
Total calves-10 mkts.
t COWS.
19
cows.


17,351
701#
$17.54
18.56
17.99
17.58
17.11
18.02
17.64
17.07
16.43
17.35
16.65
4,621


15,342
687#
S17.35
18.22
17.83
16.96
16.48
17.98
17.98
16.97
16.21
16.77
16.99
4,437


19,526
739#
$20.70
21.16
21.15
21.05
19.04
20.59
20.61
19.28
20.53
19.33
20.20
8,270


71,503
702#
$16.82
17.22
17.44
16.66
15.59
17.49
16.02
16.33
16.18
16.65
16.16
19,304


86,481 208,466


716#
$20.41
20.18
21.28
20.54
18.65
20.89
21.26
19.83
19.97
20.28
18.98
30,435


711#
$16.67
16.97
17.20
16. -7
15.20
16.93
17.30
16.31
16.27
16.4-6
16.15
72,375


233,027
719#
$20.00
20.07
20.75
19.97
17.98
20.40
21.92
19.06
19.18
19.78
18.76
95,561


heifers, bulls-"" 3,633 2,632 4,313 11,143 15,810 34,968 46,467
* N.ot aodused for differences in g .jrade of c ,,a sold at each market.


12






BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
-- -- -- --- -0- -- -- -- -- -- ------------------------^ TE K .P D OU ~ ~ RS .H N S^ ^
Percent of .Average price
Avo-rage weight ..
Number of bead Iot al (p diullis
S...by grade ( ) per 100 lb.
I-------------- ------ -
Grade Week ended
----------"'" -- --'-- ----- --------------- ------- ------ -- -- --
Apr. Apr. Apr. Apr.:
12 5 14 12 5 14 12 5 14 12 5 14
1956 1956: 1955 1956 1956 1955 1956 1956: 1955 1956 1956: 1955
CHI------------------CA----------------G---------
CHICAGQ


Prime
Choice
Good
Co,'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
Ca-'l.
Utility
All grades


1735 1686 600 5.8 6.0 2.6 1284 1282 1242 23.32 23.85 28.40
17224 15827 13440 58.3 56.0 57.6 1193 1202 1128 20.56 20.84 24.90
8927 8700 7199 30.2 30.8 30.9 1049 1073 994 18.19 18.52 21.55
1497 1920 1764 5.1 6.7 7.6 982 997 976 15.63 15.98 18.30
167 150 315 .6 .5 1.3 1011 990 975 14.07 14.05 15.75'
29550 28283 23318 1143 1152 1076 19,85 20.06 23.48
---------- ------ ---------- OMAHA I/ --- -----------------------------
OMAHA 1/
98 160 60 .6 1.0 .3 1276 1234 1198 23.62 23.17 26.94
10077 9619 8239 60.8 59.6 47.8 1165 1179 1116 19.36 19.58 23.78
5329 5224 6959 32.1 32.3 40.4 1035 1037 1016 17.65 17.89 21.45
799 823 1654 4.8 5.1 9.6 994 1012 954 15.40 15.71 18.40
283 322 333 1.7 2.0 1.9 890 966 870 13.63 13.98 16.03
16586 16148 17245 1111 1121 1055 18.63 18.84 22.30
---------SIOUX --CITY 1 -- -- ---------------
202 249 -. 4.2 2.7 -- 1361 1335 -- 22.33 21.95 --
2991 5827 3289 62.6 63.0 40.8 1184 1186 1149 19.61 19.87 24.11
1397 2758 3888 29.3 29.8 48.3 1045 1063 1074 17.52 17.86 21.90
146 305 703 3.1 3.4 8.7 994 999 1016 15.22 15.65 18.48
39 106 174 .8 1.1 2.2 1105 950 1040 13.98 13.92 15.78
4775 9245 8054 1144 1145 1099 19.03 19.20 22.44
KANSAS CITY 1/
60 47 20 .9 .1 .4 1310 1290 1200 21.03 21.80 26.75
2952 2659 1557 44.2 40.1 34.2 1118 1109 110719.50 19,92 23.85
2883 3079 2410 43.2 47.0 52.9 1050 1050 1026 18.00 18.28 21.69
634 714 533 9.5 10.8 11.7 1058 1016 943 15.72 16.12 18.46
144 124 39 2.2 2.0 .8 10j5 931 959 14.35 14.24 15.59
6673 6623 4559 1083 1069 1044 18.43 18.70 22.10
ST. LOUIS NSY 1/
20 -- 8 .3 -- .2 1154 -- 113922.50 -- 27.88
1939 1890 487 27.4 28.4 10.2 1090 1105 107019.12 19.42 24,40
2986 3181 2892 42.2 47.8 60.6 1010 1010 99517.62 17,86 22.08
1885 1400 1234 26.7 21.1 25.8 950 959 94116.48 15.99 19.44
237 178 155 3.4 2.7 3.2 892 907 78514.04 14.10 16.69
7067 6649 4776 1012 1023 98217.69 17.88 21.55
.----- .. .. .........4 ............................_0 ...O ...9 .. _.. _.._-.. -- -_-- -.-
S. ST. JOSEPH 1/
79 35 42 1.2 .5 .7 1227 1214 1268 21.08 21.02 26.61
3163 3406 3088 49.0 50.0 48.2 1128 1148 111119.55 19,68 24.06
2386 2497 2743 37.1 36.7 42.8 10A6 1026 101517.84 17.86 21,29
758 792 381 11.7 11.6 5.9 990 975 94615.86 15.75 17.85
67 84 150 1.0 1.2 2.4 857 895 93013.64 13.88 15.56
6453 6814 6404 l... o 1080 1057 -1,51 18.58 22;43
Continued.




314
BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
---------------------- ----- pi;;;i j --- ---------------- r--------- rleV'
rP.ercenro Average weight : Averagp price
Number of head I total (pounds) in dollars
bygrades .... per 100 b.
-- -------.------- --------------------... ---, r --.-- -----..--- -------------- -------
Apr. Apr. : Apr. j Apr,
12 5 14 12 5 14 12: 5 14 12 : 5 14
1956 1956 1955 1956 1956 : 1955 1956 1956 : 1955 1956 1956 1955
-. --------------------. --- --. ---. ---. ----. -----... i ... ... ...............---... -.. --..... -.... ........ .

Prime -- 24 -- -- .5 -- -- 1054 -- 26.00
Choice 2984 4601 3778 66.1 71.8 85.7 1150 1137 1089 19.57 19.90 24.15
Good 1358 1556 468 30.1 24.3 10.6 1045 1068 1070 18,17 18.47 20,61
Com'l. 75 141 141 1.7 2.2 3.2 1039 950 1031 15.99 15.77 16.99
Utility 94 107 -- 2.1 1.7 -- 961 1046 -- 13.88 14.11 --
All grades ...... 4511. 6405 4411 .................... _15 1.085 9,2~ 19.40 423.57
I/ These summaries developed from data collected on marketing of fed cattle by the Agricultural Estimates
Division.

ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
---------------------- ----------------- I------------------------- --------------------------
Beef Veal rk Lamb and Total Total
Week : (excl. lard) : mutton meat rd
S-------.--. ---. ------------- ------ -----.---------.,------.. moet l ord
ended Num.- P Nun- Prd. Num- Num- Pd.
Prod. i *r : Lro. m' Prod. ord., prod.
ber ber ber ber
---- --- --- --- ---- --- --- --- --- ---- --- --- --- --- ----------- -- -- .
1,000 mil. lb. 1L 000 mui. lb. 1Ib 000 i. it. lb. mil. lb. mil. Ib.
Apr. 14, 1956 352 195.4 146 16.4 1,168 154.2 282 13.5 379.5 42.0
Apr. 7, 1956 351 196.6 149 15.6 1,211 159.6 254 12.4 384.2 42.4
Mar. 31, 19561/ 340 188.7 144 15.1 1,245 163.6 278 13,6 381.0 44.9
Apr. 16, 1955 327 175.3 143 15.4 1,060 146.6 265 12.7 350.0 37.6
Percentage change from:
Apr. 7, 1?56 0 -1 -2 +5 -4 -3 +11 +9 -1 -1
A r. 16 1955 +8 +11 +2 +6 +10 +5 + 6 +6 +8 +12
..---------l ---------- ------- -- --------------- -------------------------------------------
Avere weihts .) L........... ard
--------------- ------------- ....... ------ --- & ----
Week Ca Hs Sheep and yield
ended :. Cav lambs per
.. -J Live D.s. DLive Dr LvDressed Lsive Dressed 100 lb.
.---- ---------- --- ----------------- .-ive-.~ Msd -k e-p ? *A L -- ?----- -----
Apr. 14, 1956 1,005 555 200 112 234 132 100 48 15.4
Apr. 7, 1956 1,010 560 190 105 232 132 103 49 15.1
Mar. 31, 1956 1,005 555 190 105 231 131 105 49 14,7
Apr. 16, 1955 969 536 194 108 2A3 138 99 48 14.6

/ Actual slaughter and revised estimate of production. 2/ Excludes lard.





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316
CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
---------------------------------- --------------------------------------------------
Chicago Kansas City Omaha
O 4 .---------- a -- ---- i --- ........--------- r "--'I ----'"
Classification Apr. Apr : Apr.
14 7 16 14 7 16 14 7 16
1956 1956 1955 i 1956 1956 1955 1956 1956 1955
.- --- ---- ---- L------- ---------------- ---- *-------- -
Slaughter cattle. calves and vealers
Steers -
Steers


Prime 900-11001
1100-1300
Choice 900-1100
1100-1300
Good 900-1100
Com'l. All wts.
Heifers -
Prime 600-800#
Choice "
Good 500-900
Com'l. All wts.
Cows All weights
Commercial
Utility
Canner & Cutter
Bulls All weights -
Good
Utility & Commercial
Vealers All weights -
Choice & Prime
Com'l. & Good
Calves 500# down
Choice & Prime
Com'l. & Good

Steers -
Choice 500-800#
Good *
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd. *
Cows All weights -
Medium & Good
Calves 300-5001 -
Steers -
Good & Choice
.Heifers -
Good & Choice


24.30
24.50
21.10
20,95
18.08
15.50


19.38
17.30
14.85

13.20
11. 5
10,65

13.10
15.45

24.50
19,00

20.50
15.75


24.35
24.85
21.58
21.45
18.42
-15.80


19.20
17.26
15,00

13.50
12.30
11.22

13.00
15.32

23.50
18.50

20.50
15.75


29.55
30.30
25.58
25.58
21.50
18.10


23.50
20.62
17.88

14.65
12,88
11.00


22.75
22.50
20.15
20.05
17.52
15.62


19.25
17.18
15.00

12.75
12.00
11.00


14.00 : --
15.66 s 13.62


25.40
19.70

21.00
16.50


20.60
17,30

18.00
15.00


23.00
22.80
20.52
20.52
17.95
15.92


19.52
17.36
15.25

13.00
12.25
11.25


27.50
27.80
24.50
24.50
20.98
17.80


22.50
19.70
16.90

13.72
12.20
10.32


: 23.80
: 23.68
: 20.45
: 20.22
:17.22
:15.12


19.25
:16.88
S14.75

:12.68
:11.60
: 10.35


-- -- :13.10
13.62 14.00 :14.19


22.00
18.00

18.00
15.50


21.30
17.00

19.00
15.70


:21.00
:16.50

: 19.00
:15.00


24.00
24.00
20.75
20.68
17.50
15.50

--
19.32
17.25
15.00

13.20
12.08
10.75

12.88
13.79

21.00
16.50

19.00
15.00


27.62
28.20
24.62
24.70
21.32
18.50


22.82
20.05
16.75

14.25
12.25
10.00

13.00
14.10

22.50
17.50

20.50
16.00


Feeder and stocker cattle and calves


19.75
17.25
15.50

17,25
14.50


-19.70
17.15
15.45

17.20
14.50


23.65
20.88
17.62


3 19.50
1 17.25
S15.25


19.75 : 17.00
16.25 :14.50


19.50
17.25
15.25

17.00
14.50


23.38
20.75
17.50

19.50
16.25


: 19.50
S17.25
:14.50

:17.38
:14.25


-- -- -- 12.00 12.00 11.85 11.75


21.00 21.00 22.65 :19.75 19.75 22.50 :20.50

17.50 17.50 19.50 116.88 16.88 19.00 :17.00


19.50
17.25
14.50

17.38
14.25

11.75


23.25
20.50
17.75

19.25
16.00

12.12


20.50 22.50

17.25 19.62






HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 317
......................________._In dollars per 100 pounds. ......
ICnterior Iowa and
Chicago southern Minnesota Indianapolis
Classification --------- ----- ------------------- .------------"-
C;lassfi o Apr. ; Apr,
14 7 16 14 : 7 16 14 : 7 : 16
1956 1956 1955 1956 : 1956 1955 : 1956 1956 1955
---------------------------------------------- ---------------------------- 1


Barrows and gilts -
U.S.No.1 160-180#
2 and 3 180-200
200-220
220-240
240-270
270-300
Sows -
300-330#
360-400
450-550


Pigs Stockerr and feeder)-
Gd. &Ch. 70-120# -- : -- -- -- --
--....-----...------.........--..........Oma. .Nato
Omaha St. Louis Sioux City
National Stock Yards
-------------------------------------------------------------------------------------------


Barrows and gilts -
U.S.No.l 160-180#
2 and 3 180-200
200-220
220-240
240-270
270-300
Sows -


15.10
15.10
15.10
14.75
14.20


-- : 14.52
15.62 17.82 i 14.98
15.62 17.82 z 15.10
15.62 17.68 : 15.06
15.25 17.12 : 14.78
14.78 16.25 : 14.A2


300-330# 13.35 13.78 15.62 : 13.30 13.35 15.48 1..48W 13.82 15.62
360-400 12.80 13.30 15.00 : 12.90 12.98 15.22 : 12.82 13.40 14,90
450-550 11.92 12.35 14.25 : 12.10 12.10 14.48 : 11,82 12.42 13,85
Pigs Stockerr & feeder)-
Gd. &Ch. 70-120# -- -- -- --
------------------------- ----------------------- -- -------- W --------- -- -------- -------------
S. St. Paul Baltimore N. Portland
.- ---------- ...- .....--- ---............-.. ...- ...................---------------


Barrows and gilts -
U.S.No,1 160-180#
2 and 3 180-200
200-220
220-240
240-270
270-300
Sows -
300-330#
360-400
450-550
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120#


14.18 14.45
15.32 15.62
15.32 15.60
15.25 15.60
14.92 15.25
13.95 14.25

13.08 13.20
12.70 12.82
11.88 11.98


17.52
17.58
17.58
17.35
16.75
16.12

15.32
14.78
14.10


: 15.34
: 15.91
: 15.91
: 15.69
: 15.19
: 14.06


15.81
16.31
16.31
16.12
15.62
13.81


: 11.94 12.00
: 11.94 11.97
: 10.69 10.72


18.22
18.56
18.56
18.16
17.59
16.81

15.81
15.72
13.69


16,50
16.75
16.75
16.50
15.50
14.88


16.81
17,38
17.38
16.91
15.94
15.62


19.50
20.12
20,12
19.75
19.00
18.38


13.50 14.00 16.75
12,25 12.00 16.00
11.00 11.00 15.00


13.00 12.40 18.25 :


13.95
15.18
15.40
15.39
15.06
14.75

13.90
13.20
12.28


14.55
15.36
15.60
15.58
15.35
15.02

13.82
13.25
12.45


16.75
17.72
17.72
17.61
17,24
16.84

16.02
15.50
14.45


12.98
14.53
14.92
14.63
14.22
13.74

13.37
12.87
11.78


13.17
14.71
15.11
14,81
14.40
13.95

13.55
13.06
12.05


15.70
16.98
17.23
17.13
16.64
16.05

15.37
14.88
13.75


: 13,80
: 15.09
: 15.22
: 15.05
3 14.88
: 14,28

: 13.52
:13,00
:11.60


13.88
15.42
15.52
15.52
15,02
14.60

13.50
13.00
11.55


16,85
17.73
17.60
17.40
16.75
16.22

15.15
14.88
14,15


14.88
15.48
15.52
15.50
15.26
14.76


17.48
17.68
17.67
17.52
17.08
16.65


S14,94
: 15,08
: 15,08
: 14.80
: 13.98


15.46
15.65
15.56
15.25
14.58


--
17.48
17,52
17,45
17.00
16.25


. -


-- :





318
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
---- ..------........-------------.---...--- ......----------------- ---------------- I ---------
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 Apr. 14,1956 15.02 14.82 14.92 14.75 14.75 14.99 14.66 14.98 14.85
and Apr. 7,1956 15.24 15.35 15.35 15.20 15.27 15.33 14.93 15.45 15.25
gilts Apr. 16,1955 17.18 17.55 17.47 17.04 16.85 17.41 17.06 17.26 17.21
Apr. 14,1956 12.77 12.59 12.45 12.56 12.44 12.75 12.62 11.96 12.52
Sows Apr. 7,1956 12.89 12.57 12.45 13.04 12.92 12.92 12.41 12.19 12.64
Apr. 16,1955 15.14 15.08 15.06 14.68 14.66 15.11 14.67 14.32 14.78
AVERAGE WEIGHT Pounds
Barrows Apr. 14,1956 233 218 219 226 232 216 222 223 223
and Apr. 7,1956 235 220 220 226 231 216 222 222 223
gilts Apr6,. ], _.955._ .244 .22,.... X_3 ....2A ... 2428 ..... .2.8.... .230....23 ....
Apr. 14,1956 422 408 40E 392 398 383 392 442 409
Sows Apr. 7,1956 421 412 417 393 400 393 392 433 410
Apr_. 16, 1955 423 _. 96 422 404 395 393 84 451 409
NUMBER OF HEAD -
Barrows Apr. 14,1956 34768 6053? 11447 30546 24697 24729 40766 40668 268128
and Apr. 7,1956 30583 60594 11169 27938 18942 23688 44319 40380 257613
gilts Apr.. .6 11955 36975 46157. .8476. 34454 25687 23109 39359 43813 258030
Apr. 14,1956 5433 3534 709 3628 1842 15.96 4120 3903 24765
Sows Apr. 7,1956 4689 3615 609 2954 1433 1481 3712 4060 22553
Apr. _16j.1955 .. 414.8 2. 5 93.. 382. 4139 2101. 1622.. 4123 3762 22870
SOWS Percentage. of total
Apr. 14,1956 14 6 6 11 7 6 9 9 8
Apr. 7,1956 13 6 5 10 7 6 8 9 8
Ar ----. 916 1955 10 ......5 .....4 ...11 8..._ 7........ 9. 8 ...... .8
I/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB, LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
------- -------------- --......... .---.... -- -- -' -...... -.-... --.'-" ---o --' ---- ---....... ...
SHo j : Gross spread
Hog products 1/ : Hog prices 2/ or margin 3/
Apr. 14, 1956 16.70 15.18 +$1.52
Apr. 7, 1956 17.20 15.36 + 1.84
SApr.95 16. .1955 19... ,35 .......17..72 + .1,63.....
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 180-200f wt.Chicago.
T/ 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
Apr. 14, 1956 15.02 144.0 10.4
Apr. 7, 1956 15.24 141.3 10.8
Apr. 16, 1955 17.18 147.2 11.7
I/ Simple average price.





319


SHEEP AIJD LAMBS WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
: : : _:Ogden
Chicago' Omaha zKanas : Fort Denver Noith
: City : Worth : :Salt
: ake
LAMBS 110# down (WOOLED) -


Choice and
Prime

Good and
Choice

EWES (WOOLEd)
Good and
Choice

Cull and
Utility

FEEDER LAMBS
Good and
Choice


Apr. 14, 1956
Apr. 7, 1956
Apr. 16, 1955
Apr. 14, 1956
Apr. 7, 1956
Apr. 16, 1955
)-
Apr. 14, 1956
Apr. 7, 1956
Apr. 16, 1955
Apr. 14, 1956
Apr. 7, 1956
Apr. 16, 1955


14, 1956
7, 1956
16, 1955


21.10
20.95
22.28
20,22
20,25
21.38

7,75
7.75
7.78
6.00
6,00
6.62


20,05
20.60
21.85
18,95
19.70
21.02

6.00
6.50
7.50
4.25
4.50
5.50


-- 020.00


22.38* --
22.22* --
22.35*
20.88* 19.70'
20.80* 20.20'
20.75* 21.60'

5.25** --
5.25** --
7.20 --
4.00** -
4.00** --
5.95 --


19.90
20.45
21.12
* 18.92
* 19.28
* 20.02

8.48
8.62
8,28
5.92
6.00
6.00

18.00
17.90


17.2P
17.25
19. 5(

7.25
6.75


A,: South
:San
:Fran-
:cisco




S21.25*
S19.25*
5 ~---
17.50


S 6.50


4.75 --
4.50 4.50
-- 3.75




-- 15.00


*Spring lambs. **Shorn basis.


UNITED STATES FEDERALLY INSPECTED SLAUGHTER BY REGIONS
lARCH 1956 with comparisons
(thousand head)
D:4 Cattle Calves Hogs : Sheep & lambs


S:1956 t 1955 _:_1_56: 1955: 1956 :


N. ktlantic States..... 127
S. Atlantic States..... 44
L.C. States Eastern.. 325
N.C. States N. Western 450
N.C. States S. Western 155
S. Central States...... 149
Mountain States........ 106
Pacific States......... 210

Total ................ 1,566


126
42
312
434
149
158
106
198

1,52a


140
28
225
101
27
79
7
39

647


138
25
233
110
28
79
8
38

660


589
297
1,529
2,357
634
526
101
233

6,327


1955 :
543
227
1,400
2,059
502
406
97
258

5,491


1956 --1 55
207 226


108
349
109
1C 9
135
199

1,216


us
354
111
95'
114
189

1,244


Other animals slaughtered under Federal inspection, (number of hed): Mrs. 1956,
horses 16,258; goats 6,041; Mar. 1955, horses 19,673; goats 6,113,


Data furnished by ArrcLilt.bnral Pesearch Service.


Apr.
Apr,
Apr.


c,
,I


..


-,-


e1rg u11


-- --i-


1 ~
-- -- --.-- -- -- -- -- -- -- -- -- -- -- *e





320
ITEW YORK WHOLESALE MEAT TRA~E REVIEW
Western Dressed Fresh Meats

Receipts of Western dressed fresh meats were reduced compared with the previous
week. Unloads of steer beef, lamb and veal ranged from moderate to .ostly normal,
while available supplies of cow beef, calf and fresh pork were mostly moderate.
Stocks of fresh meats usually exceeded current demand and daily clearances were
incomplete. Trading was slow early, but developed to a fair degree after Wednesday.
Volume buyers became active late, after buying somewhat cautiously early. Compared
with Friday of the previous week: Steer, cow beef, and lanb mostly steady, in-
stances $1.00 higher on selected lots; veal weak to $2.00 lower; calf unchanged;
pork loins $2,00-3.00 lower, other fresh pork cuts steady to $1.00 higher.
Prine steer carcass offerings were scarce, much of the supply consisting of
average-Choice, with an increased volume of Good steer beef. Most carcasses weighed
upward from 700#. Small advances were posted early on Choice 700-800# steer beef,
largely as the result of strength on hindquarters. Late realizations, however,
crowded the inside quotation:, with the upturn partially lost as arm chucks and
rounds sold lower.
Supply of calf was relatively small, but veal receipts were mostly normal and
consisted mainly of Utility to average-Good carcasses. Stocks of calf carcasses
cleared rather readily, but demand lagged for veal offerings. A fair-sized carry-
over was expected. Old crop and spring lamb moved at steady to in instances high-
er prices, although spring lamb 50# and heavier reflected occasional weakness.
Buyers indicated little urgency toward purchase of primal pork cuts, and as
a result moderately reduced receipts moved slowly and cleared under pressure. De-
rand for loins was not broad enough to sustain the early $1.00 advance and prices
declined.
Locally Dressed Fresh Meats

Local slaughtering operations indicated fully normal production of beef, calf
and lanb. Hog slaughter was reduced as a result of poor movement of fresh pork at
wholesale levels. High-Choice and Prime rail stock was represented sparingly.
Lamb kills consisted equally of old crop and spring lambs. Trading ranged from
slow to moderately active. Prices on non-kosher wholesale beef cuts turned upward,
and advances were fairly well sustained, while weakness featured trade for non-
kosher veal and lanb. Demand for fresh pork lacked urgency, and sales were mainly
on a weak basis. Trading in kosher channels was generally slow, with kosher beef
and veal selling at weak to lower prices. Kosher lamb sold at unevenly steady to
lower prices.
Supply of steer beef was fully normal on all sessions and local selling inter-
ests assumed firm price stands on all weights and grades. However, some weakness
was evident on hindquarters at the close, with rounds moving out at declines of
$1.00 or rorc. A similar trend prevailed on arm chucks while other cuts sold at
stealy prices. Kosher t toer beef sold at weak to lower prices.
Daily clearances of veal were incomplete as buyer interest lagged. Sales were
made mostly under pressure, the practical top on hindsaddles being about $3.00
below the previous week. Price trend on old crop and spring lamb reflected weak-
ness until midweek when the general price structure firmed somewhat. Larb chucks,
however, continued slow and weak, with some sales on a peddling basis. Kosher
larb forcsaddles encountered dependable outlets at minor price adjustments.
In a disappointingly slow trade, local hog slaughterers were forced to reduce
killing operations. Loin prices were usually in line with those paid for Westcrn
offerings. Although bids were lower on loins, the reduction in slaughtering opera-
tions aided sellers and only ninor price weakness was recorded.





321
CHICAGO WHOLESALE MEAT TRADE REVIEW

Steer and heifer beef consisted mostly of low-Good to average-Choice grades,
with other grades in relatively small volume. Veal and lamb graded mostly Choice
and below, with the supply of spring lamb showing a seasonal increase. Volume of
pork was only moderate but along with other meats appeared fully adequate for trade
needs. Pork trade was slow at the week's opening with loin prices working lower.
By Wednesday, however, all interests were back in the market, and early declines
on 8-12# pork loins were largely regained. Small volume Prime carcass beef and
equivalent cuts moved dependably, otherwise carcass beef trade was only moderately
active. Choice and Prime rib and loin prices advanced while squarecut chucks and
rounds held mostly steady. Slight advance top end of lamb quotation credited to
higher wholesale costs early in the week rather than to expanded demand. In most
quarters, lanb hindsaddles outsold fore-end cuts, with lamb stews and shoulders
finding broader outlets than recently. Veal trading was slow. Volume accounts
proved best outlets for fresh meat. However, trade in distributive channels was
noro active, particularly in pork than recently. Fairly good clearances are indi-
cated. Compared with last Thursday's close: Prime beef steady, Good and Choice
mostly 500 to $1.00 lower, Commercial 500 higher; Prime veal $1.00 higher, other
grades steady to weak; lamb unevenly $1.00 lower to k1.00 higher; pork loins 8-12#
and spareribs steady to 500 higher, other pork cuts 500 to $1.50 lower. Choice ant
Prime scuarecut beef chucks made $25.50-27.50; Prime rounds $40.00-41,00, Choice
$38.00-39.50; Prime loins $85.00-89.00, Choice $65.00-68.00; Prime ribs $56.00-
59.00, Choice $40.00-44.00; Choice and Prime kosher style chucks $28.00-29.00.
Lamb hindsaddlos and lamb legs brought $51.00-56.00, and $49.00-52.00, respoctivol3
loins $58.00-65.00; hotel ribs $48.00-52.00.

PACIFIC COAST WHOLESALE MEAT TRADE REVIEW

Supply of steer carcasses was liberal at most points on the West Coast. Cow
carcasses were less plentiful but fully adequate while supply of veal c:.rcasses
was moderate to small and calf rather limited. Spring lamb carcasses were in
liberal supply. Fresh and cured pork was fully adequate, with smoked skinned hams
and bacon excessive in spots. Trading in California was fair early but slowed
down later due to rain and inclement weather coupled with reduced consumer J emand.
Trading in the Northwest was slow most of the weak. Prices compared with last
Friday: Steer beef mostly strong to $1.00 higher; cow steady to $1.00 higher at
nost points; veal and calf mostly steady, except veal $2.00 lower at San Francisco;
spring lamb steady to $1.00 lower; fresh pork loins largely vreak to $2.00 lover,
instances $1.00 higher at Los Angeles; fresh skinned hams and smoked skinned hams
steady to $1.00 lower; shoulders $1.00-2.00 higher at Los Angeles and $2.00 lower
at San Francisco; other pork cuts and lard mostly steady.
Choice steer carcasses under 700# cashed from $34.00-36.00, few under 600#
$37.00 at San Francisco; 700-800# $31.00-34.00; Good 500-700# $30,00-34.00; bulk
Corimercial cow beef $24.00-30.00; Utility $23.00-28.00; Canner and Cutter $21.00-
25.00.
Good and Choice veal carcasses under 150# brought mostly $37.00-42.00 in Cali-
fornia nid $40.00-48.00 in the Yorthwest; Good and Choice calf under 300# $34.00-
38.00 in California only, some Commercial down to $29.00 at Los Angeles. Choice
and Prime spring lamb carcasses under 55# sold from $37.00-41.00 in California,
$38.00-45.00 in the Northwest. Pork loins under 16# brought $41.00-45.00, few to
$48.00 at Seattle; fresh skinned hams under 18# $44.00-50.00; smoked skinned hams
under 18- $47.00-54.00; slab bacon under 10# $30.00-44.00; sliced 1;? packages of
bacon $36.00-45.00; smoked picnics under 8# $27.00-34.00; lard in 1 cartons
$13.50-18.00.






322
WHOLESALE DRESSED MEAT PRICES: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds

New York Chicago San Francisco
---------- --------------------------------------------------- ........
Classification Apr. A, pr. : Apr.
14 7 16 14 7 : 16 14 7 16
....,...... 1956 1956 1955 _1956 19.?56 1955_ 1,956 956 1... ..955
Beef-
Steer -


Prime 600-7007
700.800
Choice 500-600
600-700
Good 350-600
/*^^i


V II i.
Cow, all wts. -
Commercial
Utility


Veal -
Prime
Choice
Good
lamb -
Prime

Choice


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. 11 cartons -
Refined
Substitutes


41.50
40,00

35,50
32,00
28.00

27.75
25.50

41.00
35.60
28.90

40.00
38.50
40.00
38.50
36.00

39.90
39.90
38.70
33.00


50,50
48.50



33.50
39.50


41.50
40.00

35.50
31.75
28.00

27.25
25.00

41.00
36.50
29.50

39.30
37.70
39.30
37.70
36.20

41.30
41.30
40.70
33.20


49.50
46.10



32.50
38.00


27,00 25.50 32.50 :30.05

13.50 15.00 14.00 ; 11,75


38.90
38.90
34.05
34.05
30.70
27.90


-- :39.00
49.10 : 39.00
-- :33*75
41.50 :33.75
37.00 :31.10
32.50 :28,30

29.50 --
26.50 :

39.00 :42.10
35.20 : 37.00
32.20 :34.00

42.70 :40.30
41.00 39.00
42.70 :40.30
41.00 :39.00
39.40 :38.00

45,40 38.15
45.40 :38.15
43.30 :37.60
35.00 :28,50


50.00 :52.65
43.30 :51.50
:51.15

-- : 33.45
39.00 :32,00
50.00 :38.05


49.40 :
49.40 :
39.60 : 36.00
41.30 :34.00
36.10 :33.00
32.50 :30.00


35.00
33.00
32.00
29.00


-- :27.50 26.50
-- : 25.00 24.00

43.00 :
39.10 :
36.80 :41.00 43.00

44.50 : 40.00* 40.40*
42.00 :
43.00 : 39.00* 38.80*
39.50 :
38.20 :36.00*


43.80 :45.00-
43.80 :45.70
42.35 :45.00
32.60 : 36.00


51.40 :51.00
49.65 : 50.00
49.00 :

45.65 :38.30
42.95 :36,00
50.90 :40.00


29.50 35.10 :30.00


45.00
46.00
45.00
36.00


51.00
50.00


38.00
36.00
40.00


--
40.50
39.50
37.00
34.00

29.50
25.50


43.00
41.00

43.40*
H-
43.40*



51.00
49.00
48.00
41.00


53.00
50.00


53.00
46.00
51.00


30.00 35.20


11.75 11.35 :


16.25 16.00


16.50 :14.95
-- : --


14.75 15.75 : 17.25
-- 28.00 :


17.25
--


# .


Note: Quotations at New York exclude locally dressed meats.
*Spring lamb.


80-110#
* *
v ip

40-50#
50-60
40-50
50-60


41.50
36.80
33.80

39.40
37.40
39.40
37.40
36.90

40.00
40.00
39.50
29.35


52.45
51.55
50.70

31.35
30.30
36.35


.





323


BOSTON WOOL MARKET REVIEW

Turnover of greasy domestic worsted wool in the Boston market amounted to
about 11 cars of various combing wools. Prices remained unchanged with vertical
mills the principal buyers. Scoured wools moved slowly with prices unchanged for
good to choice wools, while undertone was weak on poor style scoured wools. Noils
remained quiet at about the same prices as the previous week. Trading in the West
was slow. However, a little wool was purchased in Texas and scattered sections of
New Mexico and California. There was little activity in the fleece wool States.
Cabled reports at midweek showed Australian quotations advanced 2- to 5 per-
cent, with all sections active. Continental interests and Japan bought freely and
Bradford moderately. Long South African wools showed an upward tendency while
short wools were very firm under good general competition. South american markets
continued quiet. New Zealand auctions will resume on April 21.
Fleece Wools: Ohio high half-blood graded 62/64s good French combing and
staple wool sold at t1.18, clean basis, while graded 56/58s good French combing and
staple, around 534 in the grease, brought 1,00-1,02 and 50/54s moved at 95# and
96#, clean. Country buyers were offering from 42-44#, grease basis, to the grower.
Territory Wools: Spot territory wools were limited and slow to move. A
sizable volume of original bag fine Roswell wools sold in New Mexico at grease
prices ranging from 39-44-1/8#, with clean prices around $1.25, delivered Boston.
Twelve-months wools in the San Joaquin Valley of California sold at 320 for heavy
shrinking wool and 484 for yearling, About 4,000 fleeces around Tracy brought
461-47-1, Clean, delivered prices for fine wool was estimated around t1.20-1.25,
Boston.
Texas Wools: Spot greasy eight-months Texas wool sold around I1.18, clean
basis. Occasional lots of twelve-months wools were purchased in Texas around
$1.25, clean basis, delivered.
Mohairi- A fair weight of mohair sold for export at 86-1 for adult to the
warehouse. Other lots brought 861 for adult and E610 for kid hair, but demand
for kid was at a minimum.
Sales of CCC Wools: The Commodity Credit Corporation announced on April 12,
1956 that approximately 163,000 pounds of C.C.C. owned wools were sold from bids
received on a total of about 3,352,000 pounds. The principal grades, quantities
and sales price ranges (before discounts, if any) follow:
Pounds Price
Graded territory fine staple and Good French 24,715 $1.30
Graded territory 1/4 blood staple X good French 48/50s 57,431 1,06
Graded territory 1// blood staple R good French 50/54s 30,000 1.001
Graded fine 1/4 blood staple & good French 48/50s 4,606 .98
Scoured shorn woolen type 12 months 58s 11,000 .93125

Foreign Wools: The movement of spot foreign wools was practically at a stand-
still. A greasy South African 8/10 months 64/70s sold for shipment around $1.35-
1.36, clean basis, duty paid, while greasy Australian 60/58s twelve months fleeces
brought around $1.29, clean basis, duty paid for shipment. Cabled quotations at
week's end follow:
Australian South African New Zealand
Type 55 41.36 22 ,$1.26 auctions closed
56 1.30 23 1.23 Montevideo grease basis
57 1.23 27 1.20 (In bond)
422 1.13 28 1.18 64/60s $ .64
423 1.06 32 1.17 60s ,66
S33 1.15 58/60 .66
Above quotes based on clean U. S. yields, in bond,





324


Produ


plnr'pd in nl -


MEATS AND NEAT FOOD PRODUCTS PREPARED AND PROCESSED
UNDER FEDERAL INSPECTION
: -Week ended
Sct Mar. : Mar. : Mar, : Mar.
ct
: 10 : 17 : 24 31
1956 1956 1956_ _:_ _1956
l.OOO Lp 1o000# l.OOr_ ,00 0 0


Beef. .
Pork. .
Other .


* 9 *
* 9 9


Smoked and/or dried -
Beef. .. .
Pork. . .


Cooked meat -
Eeef. .
Pork. ... .
Other .


* 9

* S


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 .


4,358
79,435
28


1,166
52,847


1,409
7,175
156

5,130
2, 687
11, 434
11,492

4,298


*
*
*
.


. 14,336
. 31
. 19,199


9.



* *


. 9


. 9
* 9


Compound containing animal fat,


Oleomargarine "


It I


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

Total I .


2,978
2,851
1,633
54,817
38,291
1,959

3,808


2,718
1,179
14,773
1,547


3,157
77,346
33


883
58,567



1,379
8,542
65


4,905
2,483
10,557
10,936

4,211
13,435
10
17,802
3,227
2,715
1,840
49,361
38,735

1,824
4,213


2,553
1,333
13,413
1,356


2,984
68,591
23


1,040
62,351



1,327
8,639
65

4,906
2,214
10,875
10,933

3,476
13,01l
1
18,874
3,005
2,866
1,284
42,181
3A, 536
1,7t7

3,833


2,224
1,272
11,354
1,025


2,908
64,379
28


987
49,778



1,325
6,463
72

4,844
2,502
1.1,242
10,539

3,369
12,661
9
18,919
3,038
2,730
1,279
42,257
33,317
1,855
3,899


2,59
1,068
11,607
996


59,407 54,783 54,028 54,041
- -- -- -- -- -- -------


401,142


389,662


368,793


348,709


I/ 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.


# 0


Data furnished by Agricultural Research Service.








1(4 610
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326
JOLD STORAGE HOLDINGS OF MEATS AND LARD, MARCH 31, 1956
Warehouse stocks of red meats at 873 million pounds were down 7 percent from aver-
age March 31 holdings but up 5 percent from the stocks of a year earlier. Com-
modity-wise, stocks of beef decreased during the month by 10 million pounds-- the
average is 16 million--to 186 million pounds by March 31. These holdings were
about average but were 31 percent greater than those of a year earlier. Holdings
of pork were down 6 million pounds to 512 million on March 31. Pork holdings were
increased 12 million pounds during March last year and by 3 million during the 5-
year average period. Present stocks of 512 million pounds compare with the average
of 600 million pounds and 544 million on NMrch 31, 1955.


UNITED STATES STORAGE HOLDINGS
(Includes hol
cold st
s Mar, s
Commodity 31 1
: 1956 :
BEEF: 1,000r
Frozen,............. 176,004
In cure,cured & smkd. 9,950
Total.............. 185,954
PORK:
Frozen.............. 397,912
Dry salt, in cure and
cured.. ........... 29,263
Other, in cure,cured
and smoked......... 84,952
Total........ ..... 512,127
OTHER MEATS AND MEAT PRODUCTS:
Sausage & sausage
room products...... 15,206
Frozen lamb & mutton 10,042
Frozen veal........, 16,738
Canned meats & meat
products,.......... 70,859
All edible offal..,. 62,143
Total other meats &
meat products...... 174,988
Total all meats..... 873,069
Lard, rendered &
refined V1......... 2/
GOVERliIEjiT HOLDINGS 3/
Pork........ ...... 4,724
Beef....... ........ 5,293
I/ In dry and cold storage as
/ Hot available.
3/ Government holdings are inc


OF MEATS AiJ LARD, MAR. 31, 1956,WITH COMPARISONS
.dings in public, private and semi-private
.orage houses and meat packing plants)
Feb. : Mar. : Mar.31 :Mar._31,_1956 a2s_Jof_
29 : 31 : 1951-55 : Feb. : Mar. : Mar.31
1956 : 1955 -1 av. : 1956 : 1955_:5-yr.av.
1,000 1i 000o 1,000l
186,109 133,364 176,767 95 132 100
10,209 8,479 10,589 97 117 94
196,318 141,843 187,356 95 131 99


384,262 400,013 437,671 104 99


29,593 38,643


104,136
517, 91l


15,593
10,060
16,476

63,347
64,244

169,720
884,029


105,047
5a3,703


13,888
9,089
12,713

58,890
54,44a

149, 02A
834,570


46,083

146,562
600,316


16,439
12,220
13,479

52,381
58,254

152,773
940,4A5


99 76


82
99


98
100
102


81
94


109
110
132


112 120
97 114


103
99


117
105


6A

58
85


92
82
124

135
107

115
93


203,88E 137,357 151,30^


8,412
6,307
reported by


9,973
S ,655
Bureau of


a2
2/C
Census.


56
84


47
94


:luded in the totals and consist of reported stocks


held by U.S.D.A., the Armed Services and other Government agencies.


--




327
CATTLE AND CALVES ON FEED APRIL 1, 1956

The number of cattle and calves on feed for market in the 14 major feeding
States on April 1 was estimated at 4,231,000 head, according to the Crop Report-
ing Board. This was a decrease of 8 percent from the previous year and corprares
with a decrease of less than 1 percent in these 14 States on January 1. The
April 1 number is 16 percent below the number on January 1, 1956. The number
placed on feed in these States during the January-March period was 3 percent
less than for the corresponding period last year, while marketing of fed cattle
were 13 percent larger.
The number of cattle on feed in the 9 Corn Belt States on April 1 was esti-
mated at 3,360,000 head -- 9 percent less than a year earlier, but 12 percent
below the 3,825,000 on feed January 1. In the 11 Corn Belt States, including an
allowance for Michigan and Wisconsin, the number on feed was 8 percent less than
on April 1, 1955. Ohio, Indiana, Missouri, Michigan, and Wisconsin were the only
Corn Belt States showing an increase in cattle on feed from a year ago. Shipments
of stocker and feeder cattle and calves, during the period January-March, into
the 9 Corn Belt States for which State inspection records are available were 7
percent smaller than for the same period a year ago.
In California, the number of cattle on feed April 1 totaled 297,000 head,
compared with 489,000 on feed January 1 and 318,000 on feei April 1, 1955. The
number on feed in Idaho was 118,000 compared with 150,000 on feed January 1 and
102,000 on feed April 1 a year ago. Colorado had 193,000 on feed April 1, com-
pared with 235,000 on January 1 and 220,000 on April 1 last year. Arizona feed
lots had 170,000 on feed, compared with 204,000 on January 1 and 155,000 on April
1 last year. Texas cattle feeders had 93,000 on feed April 1, 147,000 on Jan. 1,
and 84,000 on April 1 a year earlier.
Data for the 14 States reveal that the number on feed over 3 months is 11
percent below last year, while those on feed less than 3 months show a decrease
of 2 percent. As a percent of total on feed, the number on feed less than 3
months was 38 percent, compared with 36 percent a year earlier. Cattle on feed
3-6 months represented 57 percent of the total, compared with 60 percent last
year. About 5 percent of the total had been on feed more than 6 months compared
with 4 percent last year.
Estimates by weight grpops and kind of cattle on feed this year indicate less
interest in feeding calves and light weight cattle than last y3ar. The number of
cattle weighing under 600# was down 14 percent compared with last year; those
weighing from 600-900 pounds were down 10 percent, while cattle weighing over 900
pounds were up slightly. Cattle weighing under 600 pounds comprised 22 percent
of the total number on feed, compared with 23 percent a year earlier; those weigh-
ing 600-900 pounds were 46 percent of the total compared with 48 percent last year;
while those weighing over 900 pounds were 32 percent against 29 percent last year.
Steers represented 62 percent of the total -- the same as last year; heifers,
20 percent this year, and 19 percent last year; calves, 17 percent and 18 percent;
cows and other cattle, 1 percent both years. Cattle feeders intend to market fed
cattle at a faster rate than intended a year ago, with 51 percent of the April 1
number to be marketed by July 1. A year earlier feeders intended to market 49
percent by July 1. About 19 percent are expected to be marketed in April this
year, compared with 16 percent last year; 18 percent in May compared with 17 per-
cent last year; and 14 percent in June and 16 percent last year.
Revisions of cattle on feed estimates as of April 1 are published in this
release for the 1950-55 period. These revisions are based on a review of current
data obtained from cattle feeders along with data relating to movements of feeder
cattle and marketing of fed cattle which were not available at the time current
estimates were made. Prior to 1955, quantitative estimates of cattle on feed
April 1 were made for only 5 States.





328


CATTLE AUTD CAL-VS ON FEED APRIL 1, 1950-55 1/


State : 1950 1951 : 1952 : 1953 1954 1955
- -_^ -_ -_-- -- -- -- -- -:- -I- -
1,000 1,000 1,000 1,000 1,000 1,000
head head head head head head


Illinois .
Iowa .
Nebraska .
Total 3 State


. 418
S. 914
... 395


S. 1,727


405 458 540 545 605
941 969 1,163 1,198 1,306
400 408 551 534 588
1,746 1,635 2,254 2,277 2,499
--- -- --- -- -- -- ---


Idaho. . 55 62 57 75 85 102
California 2/ 2/ 211 206 318
Total 5 States -- 2,540 2,568 2,919

1/ estimatess include only cattle being fattened for market as a more or less
distinct agricultural enterprise, and excludes small operations incidental to
dairy and general farming. Cattle thus fed are presumed to produce carcasses
that will grade good or better. 2/ Not available.

CATTLE AND CALVES 0I FEED, BY CLASSES, APRIL 1, 1955 AND 1956


State


Ohio. .
Indiana .
Illinois. .
Minnesota
Iowa .


Missouri.....
South Dakota.
Nebraska. .


: Steers
: 1955 : 1956
1,000 1,000
head hoad


* .
* 9

* .


Kansas .
9 N. C. States.


Texas .
Idaho .
Colorado.
Arizona .
California.
14 States


1
ir
rr

ri



111
139
405
191
849
94
106
341
89
2,325
44
72
103
89
236
2,869


110
142
362
171
815
127
80
237
48
2,092
53
76
99
88
220
2,628


Heifers


S1955
1,000
head
20
55
73
44
196
46
30
129
46
639
23
23
95
26
54
860


: 1956
1,000
head
23
68
104
64
188
37
22
86
30
622
18
26
81
43
62
852


Calves : Cows and other
1955 : 1956 : 1955 : 1956
1,000 1,000 1,000 1,000
head head head head
16 21 1 1
35 41 2 3
127 109 -- -
52 52 3 3
261 248 -- 3
56 50 4 2


50
112
12
721
15
6
22
37
25
826


46
49
11
627
20
14
13
38
12
724


4
6
1

21
2
1

3
3
30


2
4
1
19
2
2


Pot.
9 N. 0. States, 63
14 States 62


Percentage distribution of total
Pot. Pct. Pct. Pet. Pct. Pet. Pct.


1 1


. .


.
.
*
*






Stocker and


feeder cattle and sheep received in several Corn eolt states 1/
March 1956, with comparisons


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


Public stock :
ards- -
1956 5ch
1956 : 1955 :


ja2tle._arnd_calve.

Direct $ Total t Cumulative Total
-I,,I ,- -~~,-~--------
Sach rch arch :_ January-Mar ch inc1-.
1956 1 1955 : 1956 : 1955 : 195C_ _: 1955


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


8,373
8,460
18,607
2,100
832
6,940
48,017
4,434
18,585


5,558
9,071
20,339
2,200
520
10,834
50,169
7,993
31,441


1,509
1,930
22,640
1,635
1,039
9,837
26,442
1,330
13,723


1,207
3,353
18,065
673
303
8,251
26,927
1,781
13,530


9,882
10,390
41,247
3,735
1,871
16,777
74,459
5,764
32,308


6,765
12,424
38,404
2,873
823
19,085
77,096
9,774
44,971


116,348 138,125 80,085 74,090 196,433 212,215


Sahaep and lambs


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


327
953
3,134
788
276
7,440
19,632
2,322
10,159


621
442
3,500
"326
837
9,138
8,052
3,142
8,564


4,432

7,542
470

3,301
38,679
2,767
36,834


1,031
1,237
4,635
180

4,049
43,001
11,146
20,099


4,759
953
10,676
1,258
276
10,741
58,311
5,089
46,993


1,652
1,679
8,135
506
837
13,187
51,053
14,288
28,663


45,031 34,622 94,025 85,378 139,056 120,000


1/ Data in this report are obtained from offices of State Veterinarians. Under
"Public Stockyards" are included stockers and feeders which were bought at stock-
yards markets. Under "Direct" are included stockers and feeders coming from other
States from points other than public stockyards, some of which are inspected at
public stockyards while stopping for feed, water, and rest en route.

UNITED STATES DEPARTMENT OF AGRICULTURE
AGRICULTURAL MaRIKTING SERVICE
Agricultural Estimates Division
Washington, D. C.


State


29,181
22,925
153,652
11,523
5,776
53,328
233,092
19,653
99,043

628,173


22,236
28,299
146,289
10,053
2,155
56,160
235,698
29,742
146,699

677,331


7,976
4,535
36,489
3,328
1,511
49,658
203,674
25,442
87,620

420,233


10,230
7,906
37,296
4,112
3,366
64,084
194,377
41,939
117,748

481 058





330 UNIVERSITY OF FLORIDA
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i


LIVESTOCK MARKET REVIEW CONTINUED FROM PAGE 311
the same grades cleared from 417.00-19.50. Mostly Choice 114# fall shorn lambs
reached t20.25 at Chicago, while some freshly shorn lambs sold at t16.50-16,00.
ull to Choice shorn ewes brought t3.00-7.00, a few Choice wooled ewes reaching
$8.50, Good and Choice feeder lambs sold from t13.00-17.50, a few new crop
feeders selling up to $19.50.
WESTERN LIVESTOCK REVIEW
Increased receipts of slaughter cattle encountered only fair demand and
prices declined at most markets. Except for a firm tone at Spokane, fed steers
and heifers closed steady to 500 lower, with a similar trend on cows. Vealers and
slaughter calves sold steady to *1.00 lower at most points; barrows and gilts
steady to 500 lower. Old crop slaughter lambs were 25-500 lower at Denver and
50#-41.00 off at Portland. Stocker and feeder cattle closed firm to 50# higher.
Scattered loads of high-Choice steers brought t20.75-21.00 at Far West termi-
nals, high-Good to average-Choice *19.00-20.50, bulk Good steers $17,00-18.50,
Good and Choice heifers cleared from t16,00-19.50, a few loads average to high-
Choice 19.65-20.00 at Denver. Utility and Comnercial cows bulked from $11.50-
14.50. Good and Choice veslers earned $19.00-25.00, some Choice in the Northwest
$26.00-28.50. Stocker and feeder steers grading Good and Choice brought t16.50-
18.90, a load of Choice fleshy feeders at Los Angeles S1i.25. Prices for Good and
Choice stocker and feeder heifers ranged mostly from $14.50-17.80. Stock steer
calves of the same grades brought %17.50-20.00, some Choice to $21.00 at Denver, a
load of Choice 210# steer calves reaching Q21.50 at Los Angeles.
Good and Choice slaughter steers at California feedlots sold for immediate
delivery from k19,50-21.00; about 500 head Commercial and Good steers t17.50-
-18.256 Good and Choice fed heifers *18.00-19.00, 170 head of 811# grass heifers
for delivery to packers this week *17.00; mostly Commercial grass heifers t14.00-
15.00. Good and Choice stocker and feeder steers sold or were contracted from
$17.00-18.001 heifers t15.00-16.00, 200 head 650t heifers for near-term delivery
at t16.10.
Mixed U. S.No. 1 to 3 180-240# barrows and gilts closed at *16.50 at S. San
Francisco: *16.00-17.00 at Los Ageles; t16.50-17.50 at Portland- t16.25 at
Spokane; t15,00-15.75 at O.den; 15.50-16.25 at Denver. Choice 89-111y wooled
slaughter lambs brought $19,75-20.06 at Denver, one load $20.25; Good and Choice
spring lambs 419.00-20.50, one load Choice and Prime t22.00 at Denver. Spring
lambs sold or were contracted in California from *19,00-20.00, 3200 in the San
Joaquin Valley at *20,00 for immediate delivery, about 6000 in the Sacramento
Valley at the same price for around mid-May delivery.




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