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:
AA00012178:00021

Related Items

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


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Full Text










7Jwed LIVESTOCK DIVISION Wee4



AIN
JIuN lI 1956

MARKET REVIEWS AND STATI C

Vol. 24, No. 23 a 1956

Week ended June 2

Page
Livestock Market Reviews. . 452
Livestock Market Receipts (with monthly totals) 454
Feeder and Stocker Statistics . 455
Steer Sale Statistics (with monthly totals) .. 456
Estimated Slaughter and Meat Production .. 458
Slaughter at Major Centers . 459
Estimated Percentage of Feeder and Stocker Cattle and
Slaughter Cows in Salable Receipts. .. .. 459
Cattle Prices .. . 460
Hog Prices . . 461
Hog Purchase Statistics (with monthly totals) 462
Sheep and Lamb Prices ... 464
Wholesale Meat Trade Reviews. 465
Wholesale Meat Prices .. .. 467
Wool Market Review . 468

Special to this issue
Prices Received by Farmers, May 15, 1956. .. 469
Effective Parity Prices, May 15,.1956 469
LivestocR Slaughter Meat and Lard Production,
April 1956. .................... 470







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


aIIl-IAll


~ ~_ __ __ __





452
MIDWEST LIVESTOCK MARKET REVIEW

Movement of cattle to the 12 markets decreased moderately compared with a
week earlier due partly to the holiday on Wednesday and partly to substantial
rainfall which also curtailed marketing, especially of cows. Trading on fed
steers and heifers was fairly active and prices advanced 50#-$1.00 at most markets.
Reduced supplies of cattle and the first advance of any consequence for some time
in wholesale beef prices were influences in the week's active trade on fed cattle,
Prices of barrows and gilts closed steady to 50# higher at most midwest terminals,
with late sales at a few Eastern Corn Belt markets weak to 500 lower. Supplies of
slaughter lambs were short of demand and spring lambs closed unevenly 50#-$2.00 or
more higher for the week.
SLAUGHTER CATTLE AND CALVES
Substantial price advances of 50-tl,00 or more on fed steers and heifers
featured the week's cattle trade. Influences in the upturn were the smallest
cattle receipts of the year and higher wholesale beef prices. Reduction in market-
ings was due in large measure to the Wednesday holiday, with rather widespread'
rains also curtailing the movement particularly on cows, in some sections of the
midwest. The pressure that had prevailed on prices of fed steers around 1150# up
eased somewhat during the week and these heavier offerings were included in the
full advance at some markets. Cows recovered part of the sharp decline of the
previous week, closing steady to 50# higher at most points. Bulls sold steady to
50# higher, instances 75-4$1.00 up. Vealers closed mostly steady, instances $1.00
higher, except at Chicago where late sales were 41.00-2.00 lower than a week previ-
ous.
About a dozen loads of Prime 1175-1400# fed steers brought t23.15-24.50 at
Chicago early, numerous loads high-Choice and mixed Choice and Prime late A22.25-
23.50. Choice bulked there early from 20.25-21.25, late t21.00-22.00. A few
loads of Prime 1535-1615# steers brought $22.00-22.50 on that market, some Choice
and Prime 1600-1700# $20.75-21.00. At other midwest terminals occasional loads of
high-Choice and Prime steers cashed from 420.75-22.50, a few head t23.00, bulk
Good and Choice t17.00-21.00. A load of high-Choice and Prime 8407 heifers
brought $22.25 at Chicago, a part load 1182# t22.00 at Sioux City, highest since
October. Good and Choice vealers cleared from $19,00-24.00 at S. St. Paul and
mostly $18,00-23,00 late at St. Louis National Stock Yards, Prime at both points
upward to $25.00,
STOCKER AND FEEDER CATTLE AND CALVES
Changing weather conditions continued a dominant factor in the stocker and
feeder trade. Fairly heavy rains during the latter part of May materially im-
proved pasture and range conditions in many important grazing areas and had the
dual effect of curtailing marketing and at the same time stimulating the demand.
Receipts of stocker and feeder cattle at terminal markets were smaller than those
of the previous week, but larger than a year ago. Shipments of steers to the
country from the 10 markets totaled 12,864 compared with 16,669 the week before
and 9,655 a year ago. Trading was fairly active at most markets with prices
steady to 50# higher. A substantially higher price trend for fed cattle encouraged
a fairly aggressive demand for fleshy feeders suitable for a short turn in the
feedlot, and scattered loads of shortfeds were purchased for further feeding. How-
ever, slaughter outlet was broad and bulk of the fleshy "two-way" steers went to
packers. Quality of the stockers showed further seasonal deterioration, relative-
ly few grading better then average Good, Choice feeders also were in small supply.
Indicative of the drop in quality was the fact that the average cost of all steers
shipped to the country from Kansas City during the week at 417.27 was 20# lower
than the previous week even though the price trend was materially stronger. Good
and Choice feeder steers 800# up sold at midwest markets from $16.00-19.00, few
partly fattened $19.50. Good and low-Choice yearling stock steers brought $16.00-





453
19.50, Medium $14,00-16.00, inferior and Common stockers usually in small lots
$10.00-13.00. Good and Choice yearling heifers sold from t15.00-17,75. The same
grades of steer calves brought A17,00-21.50, few to t22.75; heifer calves mostly
downward from t18.50,
HOGS
Receipts showed a moderate decrease compared with the previous week but con-
tinued above those of a year ago. Prices for butchers declined previous to the
Wednesday holiday. Shippers were aggressive buyers, especially the latter part
of the week, however, and with wholesale fresh pork prices moving sharply upward,
early declines on butchers were regained at the majority of midwest trading
centers. Late sales at a few Eastern Corn Belt markets were weak to 50# lower
but with those exceptions, closing transactions were mainly steady to 50# higher
for the week, extremes as much as t1.00 up. Sows sold unevenly 500 higher to 50#
lower for the period. Occasional mixed grade lots were sorted for grade with
No. 1 and 2 lots selling from 25-75# above mixed No. 1 to 3 offerings of comparable
weight. General bulk of No. 1 to 3 180-270# butchers sold late at midwest markets
from $17.00-17.75, some No. 1 and 2 lots to t18.25. Most 190-270# butchers brought
$15.75-17.25 in the Interior Iowa Southern Minnesota trade,some No. 1 and 2 up
to $17.60. Midwest sow prices varied from 112.50-16,50,
Feeder pigs closed 500 lower at Sioux City, Good and Choice 414,00-14.75.
Prices were steady to 500 higher at S. St. Paul with most sales from 415,00-16.00,
Small lots of 140# feeders brought 413.50 at Kansas City. Price trend at Memphis
was steady to 1.,00 lower, Medium and Good 70-140# feeders cashing there from
$11.00-12.00, few Choice to 513.00,
SHEEP AND LAMBS
Marketings decreased compared with those of the previous week due in large
measure to the midweek holiday, and prices of spring lambs showed substantial
advances, recovering much of the recent declines. An additional price-strengthen-
ing influence was the generally good demand for dressed lamb and uneven and in
some instances sharp upturns in wholesale dressed lamb prices. The week's advance
on spring lambs at Chicago measured 25-50# with upturns of 50-41.50 at St. Louis
National Stock Yards. At other Missouri River terminals prices were boosted $1,50-
2.00 in an active trade. At Fort Worth advances of $2.50-3.00 virtually recovered
the severe decline of the previous week. Old crop lambs were scarce at midwest
markets and sold mostly steady to 50# higher. Slaughter ewes were steady to 500
lower, feeder lambs scarce, unchanged.
Good to Prime spring lambs bulked for the week from 425.00-28.00, a few late
at Chicago 428.50-29.00. Good and Choice old crop shorn lambs with No. 1 and 2
pelts brought mostly $21.00-23.00, Good to Prime 88-102# at Chicago t22.50-24.50,
20 head $25.00. Cull to Choice shorn slaughter ewes cleared from 42,50-5.50,
mostly $5.00 down. Good Southwestern feeder lambs cashed from 419.00-20,00, few
$20.50-21.00, Good and Choice shorn feeders 416,00-17.50, few t18.00,
WESTERN LIVESTOCK REVIEW
Trading on slaughter cattle at Far West terminal markets was interrupted by
the holiday and prices showed a rather uneven trend, Slaughter steers and heifers
were in good demand, closing 50-41.00 higher at Denver, steady to 25# higher at
Les Angeles and Portland and steady to 25# lower at other markets. Sales of cows
ranged mostly steady to 500 lower; calves and vealers weak to 41.50 lower; stocker
and feeder cattle mostly steady, Barrows and gilts closed from 75# lower to 75#
higher; spring slaughter lambs mostly steady to 50 lower except for a $1.00
advance at Ogden.
At Western terminal markets Good and Choice fed steers 1200# down brought
$18.50-20.00, several loads Choice 420,25-20.50, high-Choice to 421.25 at Portland
and $21.50 at Denver. Most Good and Choice heifers sold from $18.00-19.50, some
Choice 120.40 at Ogden and up to 421.40 at Denver, Utility and Commercial cows
Continued on page 464,





454


RECEIPTS, SALABLE AND TOTAL OF LIVESTOCK AT PUBLIC STOCKYARDS
Month of May
---------------------------------------


Cattle


Calves


Market :
I Salable t Total A Salable Total
1956 _-_ 1955 t 1956 __ 1955 a 1956 : 1955 : 1956 1 1955


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


Total


182,204
17,501
61,776
52,864
42,341
83,657
58,291
172,314
61,299
78,660
92,978
95,368
999,253


194,907 194,764
18,566 21,898
72,712 87,171
77,842 70,743
37,922 42,874
88,157 121,436
59,586 65,247
196,035 177,372
60,140 62,370
74,273 100,498
107,005 100,029
91 j335 98,_328
1,142,730


200,234
23,447
91,364
101,246
38,628
133,868
62,147
201,542
62,242
93,297
115,100
93, 223


7,401 8,514
6,326 6,225
3,228 3,731
8,681 16,815
5,462 6,511
6,863 7,732
5,632 6,346
3,843 5,335
5,420 4,113
18,355 18,386
1,248 2,452
3_6 SL 6 34 99_5
108,625


9,670 11,094
6,611 6,912
4,887 6,893
13,416 21,508
5,462 6,586.
14,654 17,265
6,362 8,988
4,272 5,938
6,435 5,244
24,216 26,111
2,014 3,625
_ 3,28 2 _36 _830
136,281


1,078,480 1,216,338 121,155 156,994


Hoes


Sheep


aI -- -- -


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

Total


ly


;y


181,397 198,161
57,687 50,657
14,404 11,725
17,291 11,495
179,584 160,620
55,526 34,401
25,265 14,366
148,416 147,495
112,989 98,374
279,139 185,558
102,813 114,037
1. 98 073_ 172,08. .
1,372,584 I,
1,203,969


229,592
59,151
54,029
53,507
179,584
61,773
66,381
226,299
126,807
302,394
129,199
21 4,166
704,882


236,734
54,258
44,194
48,377
160,620
39,903
36,856
209,643
105,488
211,300
125,098
_1.94.8293_

1,467,364


16,301 39,676
2,314 2,251
22,320 35,591
156,780 204569
4,238 2,804
47,797 63,303
18,580 16,983
32,590 55,120
23,704 24,856
14,839 21,305
16,875 23,715
13Q.09_20,.25S
369,397
510,932


INTERIOR IOWA AND SOUTHERN MINNESOTA


May* 1956......


Hogs
1,125,100


May 1955...,.. 1,108,500 109,900


25,483
4,115
61,531
183,596
5,947
104,415
32,899
43,442
42,575
65,191
29,252
-_2,291
626,391


53,980
6,064
46,037
229,849
4,751
124,140
36,056
70,452
53,314
75,549
34,352
372,149

772,197-


Sheep
91,500





WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS 455
--------------------- -- ----------S
i CarlIe I Calves i Hogs -i i :: p
Market June June June June June e June June June
.. 2 4 2 4. 2 4 2 4
1956 1955 1956 1955 : 1956 1955 1956 : 1955
------------ ------------------- ------------- L ----------------------------


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


37,081
3,888
12,127
12,351
8,485
15,913
8,764
35,083
10,385
15,398
19,152
17,076


38,768
3,646
13,166
17,718
.6,450
14,240
11,628
33,507
13,278
13,342
19,582
15,910


1,751
1,190
421
2,195
1,148
1,686
1,058
703
1,215
3,662
225
6,495


1,702
1,054
471
3,343
1,134
1,137
1,146
486
831
3,367
391
6,144


38,055
11,120
2,519
4,029
32,669
11,701
4,972
31,759
24,654
56,014
21,664
34,379


41,681
10,090
2,786
2,293
29,468
6,205
2,463
25,392
18,769
36,325
20,401
31,142


2,912
697
2,660
31,411
1,0. 0
6,254
2,602
7,476
7,722
3,503
2,814
2,006


5,597
1,440
4,450
31,388
631
12,022
2,774
13,045
3,773
4,256
4,266
1,679


Total.-......-- .... 195,703 201,235 21,750 21,206 273,535 227,015 73,137 85,321
May 26 1956 236,033 27,197 291,207
- -.- -I- -.. ..............- ----.- -.......-.. .. ........ .2.*2.......-- 81-.-.
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
June 2, 1956 ................ 214,000 17,300
May 26, 1956 .-..--..-.--..... 244,000 22,800
June 4, 1955 ................ 206,500 22,400
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT, AND NUMBER
Week ended Month ,7- ve mon f'hs

J---------------------------------------- ------------------------------------
May 31 May 24 : June 2 May ] Ma Jan.". May
156 1956 1955 : 1956 : 19K5 1956 1955
Steers 1001T up 90 414' 24 1,367 2 ,107 8,302 13,062
901-10 628 581 715 3,341 4,842 26,383 39,412
801-900 1,622 1,786 i,100 8,747 7,646 54,880 59,633
701-800 2,720 3,090 1,662 14,182 13,229 69,581 69,119
501-700 7,804 10,798 6,154 41,098 41,101 187,115 200,452


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


12,864 16,669 9,655 68,735 68,925" 346 ,261 381,678
671# 678# 677# 686# 692# 704# 7144
f16.62 $16.84 $18.29 $16.98 $18.95 $16.86 $19.93
18.15 18.64 19.61 17.93 20.33 17.49 20,31
17.27 17.47 19.35 17,68 20.01 17.41 20.74
16.52 17.20 18.40 16.95 18.51 16.72 19.86
16.26 16.17 16.13 16.05 17.23 15.58 18.09
17.90 17.80 17.93 17.78 19.63 17.20 20.35
17.81 18.01 19.21 17.78 20.17 17.40 21.59
14.82 15.85 17.71 15.68 17.58 16.25 16.74
14.70 15.29 17.28 15.72 17.45 16.14 18.82
15.81 16.32 19.79 16.48 16.44 16.53 19.61
17.22 16.63 18.38 16.95 18.49 16.46 18.88
5,284 6,698 3,802 26,322 20,552 117,892 153,-45


heifers, bulls- "" 3,911 4,777 3,152 20,116 19,681 69,644 83,474
SN d d o difference in ----t.---------------------------------------- t.
Woe adjusted far differences in grade of cattle sold at each market.





456
BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
Percent of Average weight Average price
Average weight *
Number of head total in dollars
(pounds)
by grades u per 100 Ib.
----------------.----b grods n pr l00 Ib.
Grade Week ended
May May June May May June May May une May : May : June
31 24: 2 31 24 2 31 : 24 2 :31 : 24 : 2
1956: 1956: 1955 1956: 1956 1955 1956 1956 19555 1956: 1956: 1955
----------------- ----------------------------- -------
CHICAGO


Prime
Choice
Sood
Com'l.
Utility
All grades

Prime
Choice
Good
Coa'l.
Utility
All grades

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


1569 1135 988 6.1 3.7 3.8 1311 1264 1286 22.92 22.57 24.67
15595 19320 17551 61.1 62.6 68.2 1172 1183 1147 21.22 20.66 22.74
7478 9829 6118 29.3 31.8 23.8 1018 1036 1003 19.36 18.89 20.24
643 535 941 2.5 1.7 3.6 939 945 946 16.88 16.06 17.08
246 67 146 1.0 .2 .6 900 803 824 14.72 14.45 14.52
25531 30886 25744 1127 1134 1109 20.70 20.15 22.08
.--. ..... .o ..------- -------... .... .... ...A.... --.-- ----- .
207 101 88 1.2 .6 .5 1248 1251 1198 21.64 21.43 24.00
11565 12034 11609 64.5 67.3 67.3 1154 1142 1114 19,71 19.56 21.84
5425 4951 4185 30.2 27.7 24.2 1016 1011 1014 17.95 17.86 19.61
597 646 1208 3.3 3.6 7.0 901 948 974 15.42 15.39 17.10
151 147 170 .8 .8 1.0 867 866 907 13.62 13.70 14.84
17945 17879 17260 1Q03 1097 1078 19,09 18.97 20,99
.................................. ... .. ..................

246 38 118 2.6. .4 1.2 1203 1264 1270 21.31 21.00 24.07
6031 6326 6588 64.0 71.6 63.8 1138 1132 1138 19,82 19.42 21.88
2923 2163 3028 31.1 24.5 29.3 999 1014 1044 18.45 17.92 19.66
171 292 463 1.8 3.3 4.5 986 1020 968 16.08 15.81 17.48
46 21 126 .5 .2 1.2 867 866 1067 14.50 13.94 14.97
9417 8840 10323 1092 1099 1104 19,39 18.97 21.04
KANSAS CITY 1/
17 23 60 ,3 .4 1.4 934 1087 1208 22.41 20.92 23.79
2687 2391 2394 51.5 46.0 56.2 1076 1096 1093 20.03 19.67 22.26
2266 2501 1469 43.4 48.0 34.5 1004 1064 1023 18.56 18.34 19.93
230 251 286 4.4 4.8 6.7 999 995 917 15.63 15.40 16.71
23 34 52 .4 .8 1.2 874 878 930 12.94 12.63 14.55
5223 5.. 0Q 4.261 1040 q1074 1057 19_21 18.81 21,10
ST. LOUIS NSY I/
S -- 6 -- -- .1 .. -- 1003 24.42
1323 1948 1813 27.2 38,5 43.3 1084 1083 1050 20.11 19.86 22.16
2674 2208 1811 54.9 43.6 43.2 1012 1001 950 18.89 18.70 20.02
554 659 452 11.4 13.0 10.8 898 915 879 17.22 17.22 17.37
315 246 108 6.5 4.9 2.6 964 887 840 15.49 15.31 14.67
4866 5061 4190 1015 1016 983 18.87 18.86 20.65
S. ST. JOSEPH I/
"'- S S'fm m J'7 ---- --- -- ---M ------ -------
78 1 27 1.9 .1 .4 1167 1030 1272 20.67 21.46 23.50
2349 3136 3044 56.7 57.8 47.3 1104 1114 1121 19.50 19.15 21.85
1394 1694 2762 33,6 31.2 42.9 1014 1028 1033 17.96 17.65 20.19
265 504 517 6.4 9.3 8.0 944 958 940 15.98 15.09 17.43
59 89 89 1.4 1.6 1.4 867 869 889 12.94 13.10 14.94
4.145. 5424 -64 9 .061 1069 .1066]. 18.28 20.78
Couatined.






BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER 457
-- -- D----- -- -- -- -
rcnt ..................... ..... : :... Average price
Average weight
... ..... ..(pounds i doo....
Number of__ head,,, : total (pounds) per 100 16.
Grade Month
.. .---- ----..... .......- ....- ..- .....- r .. -.. -. .. ..... .. .... ..---....----
... ...... r. ------- -------
May Apr. May May Apr. May May Apr. May May Apr. May
1956 19 1955 1956 1956 19 1956 1956: 1955 1956: 119566 1955
CHICAGO


Prim
Choice
Good
Com'l.
Utility
All grades

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

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Cor'l.
Utility
All grades

Prime
Choice
Good
COm'I.
Utility
All grades

Prime
Choice
Good
Co'l.
Utility
All grades


5243 7466 4656 4,2 5.5 3.8 1289 1291 1242 22,82 23.51 25.65
77470 78483 74065 61,6 58.2 59.9 1174 1192 1139 20.70 20.56 23.09
38666 40789 35789 30.8 30.2 29.0 1026 1047 1012 18,78 18.34 20.66
3690 7339 8021 2.9 5.4 6.5 940 980 960 15,99 15.83 17.65
671 866 1037 .5 .7 .8 937 991 915 14.3s 14.20 15.10
1257 40 134943i 23568 .... .........1 ...5 141 ..1.09.0.,312. 19, 8.7 2.2,1.8,
.... ...... OMAHA 1/ ----- -- --........------........
815 996 730 1.0 1.3 ,9 1296 1303 1304 21.78 22.63 24.67
53219 44105 54300 64.4 58.4 64.5 1149 1169 1107 19,69 19.42 21.87
24697 25215 22393 29.9 33,4 26.6 1018 1030 995 17.92 17.65 19.40
3104 3854 5285 3.7 5.1 6.3 941 986 969 15.32 15.44 17.06
796 1383 1447 1.0 1.8 1.7 878 900 923 13.60 13.68 15.04
82681 75553 84155 101 -110 106-7 19.04 18.66 20A91
------------:-------------------AlT ?L;
S-OU -- -- -
797 930 378 1.7 2.6 .8 1281 1344 .1266 21.90 22.19 24.46
31283 23456 28582 68.1 64.6 61.8 1140 1168 1125 19.64 19.56 21.85
11867 9846 12874 25.8 27.1 27.8 1027 1035 1040 18.08 17.57 19.74
1786 1668 3628 3,9 4.6 7.9 995 1014 985 16.01 15.56 17.53
224 386 776 .5 1.1 1.7 1000 975 1035 14.14 14.03 15.22
45957 36286 4623....8 .g8 1107 128 090 19. 6 8.9. J, 2 9Q
---------- -............................... A.. ...
....-.--K............... .. ANSAS a- CITY -..1/ ...-.......................................
147 273 222 .1 .9 1.0 1090 1240 1177 22.22 21.47 23.90
12765 12356 10711 51.3 41.9 49.9 1096 1112 1088 19.89 19.65 22.49
10523 13897 8212 43.3 47.2 38.3 1049 1050 1014 18,40 18.07 20,05
1293 2467 1972 5.2 8.4 9.2 1002 1027 963 15.69 15.77 16.93
168 484 336 .1 1.6 1.6 923 1017 943 13.37 14.15 14.75
24896 29477 21453 1070 1075 1047 19.04 18.55 21 ,02
.. - ST. LOU IS NSY 1/ '
8 39 49 -- .1 .2 1171 1136 1171 22.50 22.50 25.15
9397 9388 6300 32.9 29,4 28.2 1084 1094 1042 19,70 19.37 22.40
12715 14263 11410 44.8 44.6 51.1 986 1008 973 18,49 17.80 20.43
4762 6983 3455 16.8 21.8 15.5 893 939 889 16,91 16,30 18.07
1563 1314 1127 5.5 4.1 5.0 868 872 832 15,07 14.49 15.75
28445 31.987 22 31 996 1013 973 18.52 17,88 20,50
........... .. ................................ 1013.----------------------------
---- ------------- ------ --------S-S.-jSE--H'S S-- ----SEPH----- ------- ------
218 262 151 .8 .9 .6 1194 1219 1114 21,15 21,20 23.47
14588 14263 11936 55.6 50.3 43.8 1116 1133 1114 19.57 19.46 22.06
8913 10121 11526 34.0 35.7 42.2 1030 1048 1031 17.92 17.71 19.93
2160 3367 3161 8.2 11.9 11.6 952 984 1002 15,72 15.74 17.20
362 331 501 1.4 1.2 1.8 902 878 896 13.55 13.45 14.81
26241 28344 27275 1071 1083 1062 18.69 18.41 20.55
Contin ued.
Continuecd.





458
8 BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER

S: Percent of Average weight Average price
a Number of head i total (pounds) in dollars
: bygrades I _pe--r_ 100Jb_ _
Grade ._. Week_ended
: May : May June: May : May : June: May : May : June: May : May i June
S31 : 24 ; 2 : 31 24 : 2 : 31 : 24 i 2 : 31 :24 : 2
1956: 1956: 1955: 1956: 1956; 1955: 1956: 1956: 1955; 1956: 1956: 1955
DENVER 1/
Prime -- 174 44 -- 2.8 .7 -- 1317 1209 -- 21.42 23.50
Choice 6341 4932 5085 76.7 77.8 78.3 1152 1138 1105 20.32 19.50 22.71
Good 1489 1149 1274 21.4 18.1 19.6 1069 1014 1036 .8.98 18.61 20.51
Com'l. 124 81 94 1.8 1.3 1.4 1046 951 996 15.76 15.08 16.12


Llity -- -- .1 -- -- 901
Grades 6965 6336 6497 1132

Grade p May : Apr. May : May : Apr.: May : May :
S1956: 1956: 1955: 1956: 1956: 1955: 1956:
SDENVER 1J
Lme 581 176 141 1.9 .6 .5 1312
)ice 23365 19931 21477 77.5 70.0 77.0 1134
d 5636 7652 5763 18.7 26.9 20,6 1039
1'1. 358 454 466 1.2 1.6 1.7 1014
lity 214 247 57 ,7 ,9 .2 956
i grades 30154 28460 27904 1117


1J These summaries developed from dat
by the Agricultural Estimates Division.


a collected on


1118
Apr.,
1956:


-- 14,41
1090 19_96 19.37
May : May :,Apr.
1955: 1956: 1956:


1337 1196 21,65 21.49
1145 1111 19,74 19.61
1050 1025 18.45 18.24
1006 998 15.44 15.65
996 885 14,09 14.06
1117 1091 1948 19.18
marketing of fed cattle


--
22.22
May
1955

23.71
22.76
20.73
16.09
12.76
22.25


ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
:f eal i Pork : Lamb
Week :_ : : excl.ard: : and Mutton :oal
------------------------------- meat
Endid a Num- ; : Num-: Num-: Num-- ; at
Ended ifber Prod. Prod. a Num-: Prod.: Nue-: Prod. prod.
ber : aiber : ber d: ber a
-1 000 mil.1b. 1.000 mil.lb. 1.000 mil.lb. 1.o00 mil.lb.mil.lb.
June 2, 1956 337 184.0 132 17.0 896 122.3 218 10.0 333'.3-
May 26, 1956 360 196.6 137 17.3 1,013 138.3 230 10.8 363.0
May 19, 19561J 355 -- 129 -- 1,040 -- 234 -- --
June 4, 1955 323 171,5 120 15.1 775 112.4 250 11.5 310.5


Total
lard
prod.
mil. b.
-a
a--
37.1
29.3


Percentage change from:
May 26, 1956 -6 -6 -4 -2 -12 -12 -5 -7 -8 -
June 4l 1955 +4 -+ +10 +12 +16 + 9 -13 -13 +7. -
a-- A-- -v--erag- e- weght_(l_b)_ _: Lard


: Cattle Calves Hogs 9
. Live :Dressed: Live :Dressed: Live tDressed:
985 546 235 129 245 136
985 546 230 126 245 136
985 546 225 124 24A 137
958 531 226 126 258 145


Sheep


:yield


and Lambs _per
Live :Dressed.l00 lb.
95 46 -
96 47 --
96 47 -
94 46 14.7


3/ Actual slaughter. J1 Excludes lard.


Uti
All


Pri
Chc
Goc
Con
Uti
All


Week
ended


June 2,
May 26,
May 19,
June 4,


1956
1956
1956
1955






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460 CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
------------- ----------------------- ------------------------- -------------------------
Chicago Kansas City Omaha
I ------- --------------------- ---------------
Classification : May May June ay May June May May June
31.. 26 4 31 26 4 31 26 4
1956 1956 1955 1956 :1956 1955 1956 1956 1955
SSlaughter 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 "
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 300-500 -
Steers -
Good & Choice
Heifers -
Good & .Choice


23.54
23,62
21.58
21.58
19,17
16.54


20.79
18,77
16.21

13.29
12.08
10.96

13.58
15,21

22.67
17.83

18.83
15.00


23,05
23,35
21.08
21.08
18,52
16.00


20.22
18.18
15.88

13.52
12.35
11.22

13.15
14.86

24.50
19.50

20.20
16.00


24,75
25,00
23.00
23.00
19.91
17.00


21.72
19.50
16.69

14.06
12.31
10,75

13,25
15.24

22.75
18.38

19,50
16.00


; 22.67
:22,42
: 20.75
: 20,62
:18.29
:15.71


1 20.04
: 17.71
:15,00

:12.29
S11.04
: 9,79


22.00
21.50
20.00
19.62
17.42
14.95


19,40
17.06
14.48

12,60
11.35
9.85


:13.38 13.30


:19.50
:16.00

:17.00
:14.00


20.00
16.80

17.50
14.80


24.38
24.25
22.38
22.38
19.62
16.62


21.38
19.00
16.25

13.50
11,75
10.25


22,44
:22,31
20.18
: 20.12
:17.38
S15.00


:19.68
:17.25
:15,00

:12.25
:11.28
: 9,90


-- :12,75
13.38 :13.50


21.00
17.00

19.50
15.50


:21,00
:16.50

:18.50
:15.00


22.42
22.25
19.98
19.85
17.30
15,00


19.62
17.25
15.00

12.65
11.70
10.38

12.75
13.50

21.50
16.50

18.50
15.00


24.50
24.75
22.06
21.88
19.50
17.12


21.69
19.16
16.69

14.03
12.28
10,41

13.31
14.02

20.00
16.00

18.50
14.50


Feeder and stocker cattle and calves


20.12
17.75
15.62


20.12
17.75
15.62


22.25
20.25
17.25


:19,62
:17.62
:15.00


19.50
17.20
14.80


23.00
20.50
17.00


17.62 17,62 19.00 :17.88 17.50 18.75
15.00 15.00 16.00 :15.12 14.75 15.75


:19.38
:17.25
:14.62

:17.38
:14.88


-- -- -- :10,75 11.00 11.25 :I.0.88


20.75 20.75 21.50 :19.00 18.85 21.75 :19.25

17.50 17.50 18.50 :17.25 16.80 18.25 :16.50


19.38
17.25
14.62

17,38
14.88

1-1.38


19.25


18.75
15.00

11.25


21.25


16.75 17.50





HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 461
In dollars per 100 pounds
Interior Iowa and
Chicago southern Minnesota Indianapolis
Classification June June June May June June May June
2 26 4 2 26 4 2 26 4
: 1956 1956 1955 1956 1956 L955 1956 1956 1955
---- ---- ---- ---- --- ---,,,, ------------------------,,----,,-=------ ------- -------- -- -------
Barrows and gilts -
U.S.No.1 160-1800 16.75 16.85 17.84 :15.06 15.09 16.46 : 16.41 16.48 18.00
2 and 3 180-200 17.62 17.96 19.00 : 16.48 16.59 1".69 :17.81 18.05 19.25
200-220 17.74 17.98 18.92 :16.86 16.96 1".94 a 17.88 18.16 19.12
220-240 17.72 17.92 18.59 : 16.64 16.74 1'..56 :17.78 17.95 18.88
240-270 17.29 17.60 17.69 : 16.16 16.30 16. 94 :17.25 17.60 17.94
270-300 17.00 17.32 16.75 a 15.68 15.78 16.19 :16.59 16.82 16.94
Sows -
300-330# 15.62 15.82 15.62 : 15.32 15.41 1,e.74 :14.81 14.88 15.41
360-400 14.83 15.12 14.34 : 14.63 14.80 13.54 :14.06 14.42 14.12
450-550 13.83 14.05 13.00 : 13.32 13.58 12.34 :13.12 13.45 12.81
Pigs Stockerr and feeder)-
Gd. & Ch. 70-120# -- -- -- -- --
--------------- ---------------------------------------
Omaha a St. Louis
SNational k Yards Sioux City
------------------------------------------------- -------------------------------------------
Barrows and gilts -
U.S.Mo.1 160-180# -- -- : 16.73 17.06 18.A4 :
2 and 3 180-200 17.31 17.52 18.78 : 17.56 17.72 18.97 : 16.62 16.82 18.12
200-220 17.31 17.52 18.78 : 17.56 17.78 18.P4 : 17.18 17.36 18.44
220-240 17.31 17.52 18.78 a 17.56 17.78 18.E0 : 17.12 17.24 18.38
240-270 17.18 17.05 17.94 a 17.16 17.40 17,L1 : 16.83 16.88 17.69
270-300 16.68 16.65 16.69 : 16.77 17.01 16.31 : 16.25 16.25 16.47
Sows -
300-330# 15.78 16.08 15.59 : 15.00 15.55 14.89 : 15.75 16.02 15.44
360-400 15.06 15.32 14.28 ; 14.62 15.18 13.50 : 14.71 15.30 14.16
450-550 13.38 13.78 12.56 : 13.72 14.30 12.25 : 13.33 14.08 12.50
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120# -- -- : -- -- : -- -- --
: ^ ** -** *- ** ~- -- ------------.----- -.. ---.------- ^----------------------- _.
S. St. Paul Baltimore N. Portland
-- ---------------------- ------------------------ --------------------------------------------------
Barrows and gilts -
U.S.No.1 160-180of 17.38 17.22 18.28 :17.58 18.12 20.04 : 18.00 18.53 19.62
2 and 3 180-200 17.59 17.98 18.41 : 18.21 18.92 20.46 : 18.62 19.31 20.27
200-220 17.59 17.98 18.38 : 18.21 18.92 20.46 : 18.62 19.31 20.27
220-240 17.59 17.90 18.03 : 18.04 18.53 20.04 : 18.50 19.12 19.88
240-270 17.25 17.52 17.22 : 17.46 17.50 19.04 : 17.12 18.00 18.88
270-300 16.41 16.68 15.97 : 16.88 16.48 17.54 ? 16.25 17.62 18.12
Sows -
300-330# 15.81 16.18 15.38 : 13.92 14.79 14.75 : 15.50 16.00 15.75
360-400 14.75 15.35 14.09 a 13.92 14.75 14.54 : 13.75 14.25 14-.88
450-550 13.72 14.28 12.25 : 12.32 13.44 12.42 : 12.25 12.75 14.00
Pigs Stockerr & feeder)-
Gd. &Ch. 70-120# 15.38 15.50 17.68 : -- 15.50
-----------------------------------------------------------------------------------------------





462
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
--------------------------- --r------------- -----------------------r----------------
Louis Kan- S. s. 8-
Chi- Natl. sas Omaha Sioux St. St. Indian- mkts.
Week ended cago Stock City maa City Joseph Paul apolis corn-
Yards bined
VE-RAGE COS- .-.------------ ---- J .------
AVERAGE COST Dollars per 100 pounds
Barrows June 2,1956 17.36 17.35 16,95 17.01 16.98 16.94 16,87 17.62 17.20
and May 26,1956 17.67 17.53 17.12 17,23 16,98 17.14 17.35 17.88 17.44
gilts June 4,1955 17.92 18.56 17.92 17.72 17.79 17,91 17.64 18.71 18.10
June 2,1956 14.42 14,29 14,10 14.75 14.76 14.39 14.74 13.52 14,44
Sows May 26,1956 14.67 14.79 14.26 15.00 15.26 14.86 15.49 13.73 14.86
Jun.e.4. 1955 13.92 13.42 13, 7 14,26 14.,15 14 16 14 16 13..23. 13.96
AVERAGE WEIGHT Pounds
Barrows June 2,1956 230 217 217 224 224 218 225 225 222
and May 26,1956 231 217 218 222 228 216 222 224 222
gilts June 4 955 241 218 224 239 236 223 228 225 229
--------------------------------------------------------------
June 2,1956 407 397 403 374 363 377 365 442 389
Sows May 26,1956 421 400 404 376 374 375 364 443 393
SJune _4.1955 ...._40_6 41_5 _420 .... 371_- 366 8.3_%Z .... .352.... 458 .... 385..
NUMBER OF HEAD -
Barrows June 2,1956 25767 49608 10709 22265 15311 20185 23949 26897 194691
and May 26,1956 26351 49495 11021 23329 16047 20587 28936 31491 207257
gilts June- .4As -9.-5 ..?92l1..177....5--- .4..A543...U49.6 ..5. .. 18510 2W 47.2
June 2,1956 8333 4687 826 6725 4661 2140 7382 3973 38727 '
SoWS May 26,1956 7787 4425 1015 6598 4585 2570 8259 4579 39818
June 4 .1955 8731 2949 432 8610 5939 2195 9629 3646 42131
SOWS Percentage of total
June 2,1956 24 9 7 23 23 10 24 13 17
May 26,1956 23 8 8 22 22 11 22 13 16
June 4.1955 24 8 8 36 32 12 34 13 22
-------- --- ----- ---- ---ii -------- --- -- ll------ il-- l-i-l--- -----------------i-----------
1/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
'----------------- ~---------------------r---------------
.. -. ... Gross spread
SHog products 1/ Hog prices 2/ or mrg
.or margin 3/........
June 2, 1956 -19.57 $17.74 $1. 83
May 26, 1956 19.09 17.98 1.11
SJune 4. 195 19. .............. 1.92 ....1..06....
1/ Value of all edible products, fresh basis (lard rendered) in 100 lb. of live hog com-
puted from wholesale prices on carlot basis, Chicago, reported by National Provisioner
daily market report.
2/ Mean of daily quotations on U.S.No. 1,. 2 and 3 hogs 200-220# wt.Chicago.
3/ Difference between wholesale product value and hog prices. 4j/ Revised,

HOG AND CORN PRICES AT CHICAGO AND HOG-CORN PRICE RATIO
------------------a-*----------------------------.- _-.------ T -----_ -- ---- ---------__
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
June 2, 1956 17.36 151.6 11.5
May 26, 1956 17.67 154.1 11.5
June 4, 1955 17.92 146.2 12.3
LI Simple average price.





HOGS: AVERAGE COST, WEIGHT. AND NUMBER OF PACKER AND SHIPPER PURCHASEt?/
------------------------------------------------- -------------------------
St. '8-
Louis : Kan- S. S. 8-
Month Chi- Natl. sas Omaha Sioux St. St. Indian- mkts.
cago Stock City City Joseph Paul apolis corn-
Yards bined
- - J ~ ---------------------------- -------- :-------- ;------ --------------
AVERAGE COST Dollars per 100 pounds
Barrows May 1956 16.36 16.36 16.24 16.23 16.14 16.22 16.22 16.53 16.31
and Apr.1956 15.13 15.09 14.98 14.96 14.86 15.04 14.78 15.17 15.01
gilts May 1955 17.24 17.67 17.21 16.87 16.61 17.16 16.69 17.84 17.21
-- -- -- -- -- --- -- --- -- --
May 1956 13.73 13.80 13.64 14.37 14.50 14,15 14.40 12,78 13.92
Sos Apr.1956 12.84 12.66 12.53 12.86 12.67 12.93 12.66 12.13 12.66
F v_1955 13.80 13---- 3B7
SMa.1.9.55. .. ... 13..8._..l_ _13.51.__.13 ..3_.8 1_..l7, ._..A4.0_.. 6.8.._3,_5.1...7__...1,5
AVERAGE WEIGHT Pounds
Barrows May 1956 231 217 218 224 228 216 224 224 223
and Apr.1956 233 219 218 226 230 216 223 223 223
gilts May 19.55 241.. 218 .. 226 235_ 2 23 7 226 231 226 230
---------- -------------- e------ f-----------------------------------------------
May 1956 418 404 410 378 373 379 370 442 397
Sows Apr.1956 421 407 409 390 391 386 388 441 407
May 1955 419 414 433 380 3_2 389 368 454 396
NUMBER OF HEAD -
Barrows May 1956 129546 244774 50312 109468 77250 96889 150558 146739 1005536
and Apr.1956 148223 249841 51271 133475 100627 109329 176475 164520 1133761
gilts May 1955 150261 163385 30179 105615 82414 84943 124670 132539 874006
May 1956 35028 19122 3652 26331 17056 9471 32084 21392 164136
Sows Apr.1956 24488 15683 2872 17413 8852 7543 18330 16661 111842
y_ 55 28057 12862 2117 33446 20218 9570 33077 18075 157422
SSOWS Perc.?entage of tota
May 1956 21 7 7 19 18 9 18 13 14
Apr.1956 14 6 5 12 8 6 9 9 9*
. ... May.l?55 .......... 16 .......7....... 7. .... .24..... 0 ....19 0.....2- 1 ...... 1.. .... _
-y1955 16 7 7 24 20 -0 2 -- -
1/ Weighted average.
MONTHLYAVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
------ --- .. G"--' ross ; spread
Hog products 1/ Hog prices 2/ : or margin 3/
-.--------------------...--------------- ..-.. -- ..... _' .------------ ------ --- -----
May 1956 $18.35 $16. 81 1. 54
Apr. 1956 17.19 15.44 1.75
May 1955 / 19.67 18.08 1.59
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.fNo. 1, 2 and 3 hogs, 200-220* wt.Chicago.
T/ Difference between wholesale product value and hog prices. 4/ Revised.

HOG AND CORN PRICES AT CHICAGO AND HOG-CORN PRICE RATIO
Barrows and Corn, Hog-corn
Month- : gilts 1/ No. 3, yellow price ratio
Dollars per- Cents per based on
100 pounds bushel 1/ barrows and gilts
------------------------- I-------------------- -----------------------
May 1956 16.36 152.3 10.7
Apr. 1956 15,13 145.2 10.4
May 1955 17.24 148.2 11.6
I/ Weighted average.






SHEEP AND LAMBS: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
: : : : :Ogden


LAMBS (SPRING) -
Choice and June 2, 1956
Prime May 26, 1956
June 4, 1955
Good and June 2, 1956
Choice May 26, 1956
June 4, 1955
LAMBS 105r down (SHORN) -


Good and J
Choice M
Ji
EWES (SHORN) -
Good and J
Choice M
J
Cull and Ji
Utility Mi
Ji
FEEDER LAMBS -
Good and Ju
Choice M;
Ji


me 2,
ay 26,
ne_4,
me 2,
ay 26,
ne 4L

me 2,
ay 26,
me 4_
mne 2,
ay 26,
ne_ 4.


1956
1956
1955
1956
1956
1955

1956
1956
1955
1956
1956
1955


:Chicago: Omaha Kansas : Fort 'Denve:North
: City : Worth :Salt
: : : _: : Lake_


27,50
27.80
24.00
26,25
26.52
22.75

24.00
23.95
19.44
23.12
23.08
18,50

5.00
5.00
5.62
4.00
4.00
4.50


27.25
25.82
23.25
25.90
24.48
22..00


27.17
25.60
23.56
25.33
23.68
22.56


-- 20.90
r,n Ca


m--
21.62
21.30
17.75

4.75
5.25
4.50
3.75
4.00
3.50


19.20
16.19


me 2, 1956 -- 20.00
ty 26, 1956 -- 20.00
ne 4,_1955 -- -


--
21.95
20.30
21.60


27.75
27.85
23.28
25,88
25.98
21.38


-- 23.75
23.90


19.85
20.15
15.45


4.50 -- 5.25
4.75 -- 5.35
4.75 -- 5.84
3.58 -- 3.25
3.75 -- 3.30
3.75 -- 3.88


15.55
15.25


25,25
24.20
22.16
24.00
22.95
20.91


19.m
19.00


&:South
tSan
:Fran-
a cisco

23.75
24.25
19.50
22.75
23,25
19,00


a-


22.38 18.00
22.50 17.00
17.38 -- --


5.50
5.50
4.50 --
3.25 3.00
3.25 3.00
3.00 --


-- 20.25
-- 20.00


WESTERN LIVESTOCK REVIEW CONTINUED FROM PAGE 453

cashed from $11,50-14,00; Canners and Cutters $7.00-11.50. Good and Choice
vealers brought t19.50-23.00, some Choice to 425.00; most slaughter calves of
the same grades $18,00-21.50. Medium to Choice stocker and feeder steers cleared
from t16,00-18.25; comparable heifers t14.00-17.00,
Good and Choice fed steers sold direct from California feedlots at mostly
steady prices, largely $19.00-20.00, several loads t20.25-20.75; Commercial and
Good steers $17.00-18.50. Most Good and Choice fed heifers brought $18.00-19.50.
Medium and Good stocker and feeder steers earned $16,00-18.00, few high-Choice
518# yearlings $18.75.
U. S. No. 1 to 3 barrows and gilts 180-240# closed from $19.50-20.00 at
Los Angeles; $18.50 at San Francisco, Spokane and Ogden; $19.25 at Portland and
$18.25 at Denver.
Good and Choice spring lambs cleared at Denver from t25.00-27.50, few $27.75,
with Choice Idaho's $26.00 at Ogden. At other markets Good to Prime spring lambs
brought $22.00-24.00; Good-Choice old crop lambs 415.00-18.00.


464


Choice
Prime


and


Jl
M;
Ji


w


--m


--- -- --





465
NEW YORK WHOLESALE MEAT TRADE REVIEW
Western Dressed Fresh Meats

Receipts of steer beef were moderate to barely normal, veal and calf moderate.
Unloads of lamb and fresh pork were smaller, the reduction evident mainly after
Wednesday. The work week was shortened as wholesale establishments in the Metro-
politan Area were closed Memorial Day. Demand was moderately broad before the
holiday, and slow to fair thereafter. Clearances were fairly complete, although
action on veal and calf eased somewhat late. Prices on all classes except veal,
calf and cow beef turned higher. Compared with Friday, a week ago: Steer beef
steady to $1.00 higher; cow beef, veal and calf unchanged; spring lamb $4.00-7.00
higher, old crop t2.00-5.00 up; pork loins $5.00-7.00 higher, other fresh pork cuts
steady to $7.00 higher.
Major portion of the total steer beef supply consisted of Choice carcasses
scaling around 850# down. Prices advanced on these, while Good and Prime, which
were represented in fair volume, sold only steady. Ribs moved best of the various
wholesale cuts and closed fully $5.00 higher. Movement of cow carcasses and cuts
was only fair at steady prices.
The moderate supply of veal and calf included all grades and weights but a
fair portion showed grassy characteristics. Quality was an influencing factor with
bulk failing to attract enough buyer interest to support higher asking prices.
Small lamb receipts consisted mainly of spring carcasses, with weights under 50-
predominating. Prices spiralled upward with all grades and weights along with
wholesale cuts sharing in daily advances. Foresaddles and related wholesale cuts
were in good demand and registered greatest upturns,
A moderate to small supply of Western dressed fresh pork cleared readily at
sharply higher prices. Early clearances enabled local wholesalers to offer frozen
loins which sold from $42.00-48.00. The full advance was recorded on fresh loins
and spareribs.
Locally Dressed Fresh Meats
The available supply of locally dressed fresh meats was comparable to that of
the previous period. Volume of steer beef and veal was normal, other classes most-
ly moderate. Slaughtering operations were suspended Wednesday for Memorial Day
observance. Supply and demand were well balanced as the total volume on offer
proved ample. Steer prices held strong to higher, and upturns of $1.00 or more
wore recorded on kosher steer beef, Veal and calf sold about steady under pressure,
while spring lamb and fresh pork prices moved upward. Prices on kosher lamb foro-
saddles advanced to a level on par with carcass quotations.
Beef rib and loin cuts moved dependably on all sessions, with hotel supply
outlets most aggressive in pro-holiday trading. Hindquarter prices held fully
steady, while ribs and loin cuts sold higher. Buyer resistance to higher prices on
arm chucks and rounds held those items steady. Wholesale cuts of kosher beef netted
upturns of $1.00 or more, the advance mainly on selected lots.
Prices of veal and calf held mostly steady on early days, but weakness de-
veloped toward the close. Daily kills consisted of all grades.and weights, but a
fair portion of the total was made up of lower grades. Moderate lamb kills con-
sisted mainly of spring carcasses under 50#. Higher prices were posted daily, but
retailers operated conservatively, holding purchases to essential requirements.
Demand for foresaddlos and related cuts was extremely broad, but movement of lamb
legs was slow in spots. Net advances of $5.00 or more were shown on kosher spring
lamb forosaddlos in a brisk trade.
Sharply higher prices wore posted on most primal cuts of locally dressed fresh
pork. Trade was rather slow but outlet was dependable and full clearances wore ex-
pected.





466
CHICAGO WHOLESALE MEAT TRADE REVIEW

Suspension of slaughtering on Wednesday reduced fresh meat offerings but avail-
able supplies in most instances were sufficient for trade requirements. Bulk of
the steer and heifer beef graded Choice, with veal mostly 80-130# Commercial to
average-Choice. Lamb supply was small, bulk being old crop carcasses. Fresh pork
volume was moderate. Broader outlets on the local market, and increased demand
from the East influenced substantial price upturns on carcass beef. In beef cuts,
Choice ribs and loins were most active, these selling at higher prices, while rounds
were rather slow. Veal under 80# sold fairly dependably, other weights slow.
Trading on carcass lamb and fresh pork was moderately active, but prices worked
higher as replacement costs advanced. Boston butts and spareribs were most wanted
pork items, while forequarter meat enjoyed best clearance in lamb cuts. Advancing
costs, shorter supplies and improvement in trade at Eastern markets were all factors
in the week's higher fresh meat prices. Clearances will be good. Compared to last
Thursday's close: Beef mostly $2.00-2.50 higher; veal steady; old crop lamb $1.00
higher; spring lamb mostly $2.00-2.50 higher; pork loins 8-16# $3.00-4.50 higher,
other pork cuts $2.00-4.00 higher. Choice and Prime squarecut beef chucks brought
$28.00-29.00, comparable rounds $41.00-43.00; Prime loins $80.00-85.00, Choice
$65.00-69,00; prime ribs $55.00-57.00, Choice ribs $45.00-48.00; Choice and Prime
kosher style beef chucks earned $27.00-29.00. Lamb hindsaddles brought $60.00-
65.00, legs-$51.00-55.00; loins $75.00-80.00, hotel ribs $70.00-75.00.

PACIFIC COAST WHOLESALE MEAT TRADE REVIEW
A four-day kill on the part of most packers made for smaller supplies on the
West Coast. Choice and Good steer beef under 600# was most limited in the Los
Angeles area although adequate for a reduced demand. Veal and calf carcasses were
adequate at most points except for a limited volume of calf in the Pacific North-
west. Small supplies of lamb were adequate with Choice predominating in the North-
west, and an excessive supply of Good in California. Moderate offerings of fresh
and cured pork cuts were adequate with advancing prices/retarding factor. Trading
after the holiday was slow with most purchases for fill-in needs only. Prices
compared with last week's close: Steer beef mostly steady, instances Choice 700-
800# 500 higher and Good under 600# $1.00 higher at Los Angeles; cow be6f steady,
instances $1.00 lower at Portland; veal and calf steady in California and $1.00
lower in the Northwest; spring lamb steady to $1.00 lower; fresh and cured pork
strong to $4.00 higher, loins and smoked skinned hams showing the most advance;
lard steady.
Choice steer carcasses under 700# cashed mostly from $32.00-36.00, few special-
ty lots under 500# to A37.00 at Los Angeles, 700-800# $31.00-33.00; Good 500-700#
$29.00-34.00; Commercial $27.00-32.00; Utility down to $26.00 at Los Angeles. Com-
mercial cow carcasses sold from $24.00-28.00, few soft-boned to $30.00 at San Fran-
cisco; Utility $23.00-27.00: Canner and Cutter $17.00-24.00.
Good and Choice veal carcasses under 150# brought mostly $36.00-44.00: Com-
mercial $32.00-39.00; Good and Choice calf under 300# $31.00-40.00. Choice and
Prime spring lamb brought $47.00-51.00; Good $40.00-47.00. Closely trimmed pork
loins under 16# $53.00-60.00; shoulders under 16# S27.00-35.00; Boston butts under
8# $35.00-42.00; smoked skinned hams under 18# $52.00-60.00; sliced 1L packages of
bacon $41.00-49.00; lard in 1# cartons $14.50-20.00.






WHOLESALE DRESSED MEAT PRICES: WEEKLY AVERAGE OF DAILY QUOTATI\OS #tS
In dollars per 100 pounds
---------------------- -- ----------------------------- -- --- -----------------
New York Chicago San Francisco
I- -----------I-----------
Classification : May : May June May : May June May May : June
31 26 4 31 26 4 31 26 4
.------- --m ---- 1956 : 1956 1955 1956 1956 1955 1956 1956 1955
Beef -
Steer -


Prime 600,700#
700-8.Q
Choice 500-600
600-700


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


Spring lamb -
Prime

Choice


Good
Pork Fresh -


Loins 8-100 av.
10-12 *
12-16 "
Butts 4-8
Pork Cured -
Hams, smk., skd. -
12-16f av.
16-18 "
18-20 "
Bacon, smk.. slab -
6-8f av.
8-10 *
Sliced 1 # pkg.
Picnics, smoked -
4-8f av.
Backs, D. S. -
16-20# av.
Lard, 1# cartons -
Refined
Substitutes


39.25
38.25
--
36.00
32.25
28.00

28.00
26.50

40.50
36.33
33.50

56.17

56.17

48.17

56,00
56.00
54.67
40.17


50.50
46.50



34.50
40.50


-- : 37.08
43.50 : 37.08
-- : 35.58
40.50 : 35.58
35.00 : 33.00
31.00 z 30.00


39.25
38.25

35.50
32.25
28.00

28.00
26.50

40.50
36.30
33.80

52.40

52.40

43.00

50.60
50.60
49.00
35.00


52.50
47.30



34.50
42.00


: 42.50
: 37.00
: 35.00


36.00
36.00
33.55
33.55
31.20
28.75




42.50
37.00
35.00


42.75 :
43.62 :
37.75 : 35.50
38.00 :34.00
35.50 : 33,00
32.25 a 30,00

-- :28.50
-- C 25.50

41.50 :
37.00 t --
35.00 : 41.00


1 49.67* 49.00* 41.50*: 47.50
:48.67* 48.00* 37.25*: 46.50
: 49,67* 49.00* 40.00*: 47.50
a 48,67* 48.00* 36.25*: 46.00
t 43.83* 44.10* 33.50*: 44.00


: 53.33
: 53.33
: 52.25
: 37.42


: 54.75
: 54.33
: 53.33


-- : 35.58
44.00 :34.42
49.75 : 41.92


29.00 28.00 34,50 :33.33

15.50 16.00 15.00 :12.75


17.50 17.25
--e --


16.75 : 16.25
-- : 31.00


49.30
49.30
48.15
33.55


54.20
53.30
51.65

34.75
34.00
40.45


50.50 : 56.00
50.50 t 58.00
46.75 : 56.00
33.75 :38.66


52.88 : 56.00
51.00 :54.00
49.50 : -.

44.12 :40.00
41.88 :38.00
50.62 : 44.00


33.10 35.25 :32.00


35.50 40.00
34.00 38.50
33.00 38.00
30.00 35.00


28.50
25.50



41.00

48.10
46.70
47.70
46.00
44.00

53.00
55.00
53.00
36.00


56.00
51.00
--

40.00
38.00
44.00


30.00
26.50



39.00

40.00
38.00
39.00
37.00
37.00

55.00
53.00
51.00
39.50


55.00
53.00


51.00
48.00
51.00


30.00 36.00


12.75 11.25 :


16.25
32.50


14.75 :19.00
27.00 : --


19.00 18.50
-- --


I m. .- --m- -

Note: Quotations at New York exclude locally dressed meats.
*Old-crop lambs.


aH00
-60
a


80-110j
U U
U U

I0-50f
50-60
10-50

ll wts.
. ',*."i


4
4
t
I


a


28.50
25.00

42.00
36.00
33.50

46.75

46.75

40.00

51.50
51.50
48.25
34.00


53.50
49.00
--I





468
BOSTON WOOL MARKET REVIEW

Trade in the Boston wool market was definitely slower than a week ago as
approximately twenty-four cars of various greasy domestic worsted wools were sold
mostly to the vertical mills, Medium grade wools continued in good demand at
steady to firm prices. Turnover of woolen wools remained slow with some improve-
ment in the movement of noils as prices were about unchanged compared to last week.
Topmakers were again active in the territory States. There was a stronger price
tone evident in Texas while the fleece wool clip was being bought up rapidly.
Cabled reports from Australia showed very firm prices with a rising tendency
as Japan and the Continent dominated under keen general competition. Trade in
South Africa was featured by good competition at slightly weaker prices at the
closing sale of the year, May 30, There was some indication that prices for coarse
Argentine wools were slightly easier while Uruguay was quiet at unchanged prices.
Fleece Wools Graded fine staple Ohio Delaine wool sold at 1,30-1.31 clean
basis while strictly warp staple, choice 60/6As Ohio fleeces moved at t1.20, and
graded 56/58s good French combing and staple fleeces brought tl.04 and 1.05 clean.
Graded 50/54s good French and staple fleece wool around 57# in the grease sold in
a range from $1.00-1,02 while medium grade seedy and burry fleeces sold at a
grease price of 46#. Country buyers paid mostly 420-440 for fine wool and 410-430
for medium grades to the growers.
Territory Wools Graded 64s good French combing and staple territory wool
sold at t1.30 clean basis while original bag bulk fine and half blood good French
and staple moved at t1.20 clean, and mixed or grading clips in original bags
brought around *1,08. A good sized clip of bulk fine, good French combing and
staple territory wool sold in the west at an estimated clean cost around l1.28
delivered Boston while another lot of original bag wool brought 500 grease basis,
f.o.b.
Texas Wools Average style 12 months Texas wool in original bags sold around
l1,28 clean basis,
Mohair Adult mohair sold in Texas at 8610 to the warehouse. Adult hair
with 10 percent of kid was quoted at 960 while all kid in original bags was
priced at $1,00 f.o.b* About 1,000,000 pounds of mohair remained unsold in Texas.
Sales of CCC Wools The Commodity Credit Corporation announced on May 31,
1956 that approximately 369,000 pounds of C.C.C.-owned wools were sold from bids
received on a total of about 1,893,000 pounds. The principal grades, quantities
and sales price ranges of greasy shorn wools (before discounts, if any) follow:

Pounds Price

Original bag Texas 8 months best length 34,154 $1.153
Graded fleece 1/4 blood staple and good French 48/50s 17,461 1.002

Foreign Wools Greasy Buenos Aires March 36/40s second clips sold for ship-
ment at 800 clean fibers present in bond while greasy New Zealand 50s lambs wool
sold for shipment around t1.06 clean basis, duty paid. Cabled quotations at week's
end based on clean U. S. yields in bond, follow: Australian type 77, t1.47; 78
l1.45; 79 $1.36; 80 t1.32 and 432/3 t1.27. Cape markets closed: Type 27 -1.20;
28 1.17; 32 t1.16; 33 1.13. Quote super-Monte 60/64s, 70#, grease basis.
Carpet Wools Trade in carpet wools was practically at a standstill. Prices
remained nominally unchanged since no offerings were received to establish prices.
Commencing on June 5 there will be a three-day sale of 12,000 bales of Pakistan/
India carpet wools,





469


AVERAGE PRICES RECEIVED BY FARMERS FOR LIVESTOCK, FEED AND WOOL 1/


Commodity and unit


Farm prices -
Hogs per 100 lb.
Beef cattle "
Calves "
Sheep "
Lambs "
Wool per pound
Corn per bushel
Oats "
Barley "
Hay, all baled per ton
Cottonseed "

Hog-corn price ratio 3J
United States
N. Central States
Iowa


Dollar
it
Ig
II

It


II
"I
II



Bushel

it


Index numbers: (Av. Jan. 1910
All farm products
Feed grains and hay
Meat animals


May 15
S1956


s 15.50
15.40
17.30
6.00
21.50
Z/.411
1.39
.634
,963
20.90
47.30


11.2
11.2 ,,
11,1
- Dec. 1914


242 *
192
251


---


Apr. 15
1956


14.30
15.00
16. PO
6.28
18.20
2/.403
1.32
.623
.949
21.00
46.90


10.8
S11.0
10.8
= 100)
235*
185
237


228*
174
221


May 15
1955


Mar. 15
1956


12.30

16.70
6.28
18,10
2/.399
1.20
.618
,925
20.90
46.80


10.2
10.4
10.4


242*
200
260


16.40
16.30
17,10
5.93
18, a
/. 459
1,40
.715
1.07
22.20
53.10


11,7
11.9
11.4


Prices paid by farmers -
All commodities 264 261 261 263 240
I/ Estimates of Crop Reporting Board. 2 Average local market price for wool
sold; does-not include incentive payment to bring season average return to 620 per
pound. 3/ Number of bushels-of corn equal in value to 100 pounds of hog,live wt.
Revised. EFFECTIVE PARITY PRICES FOR LIVESTOCK, FEED AND WOOL i/
------------------ - - --~~s -fcivprt p~e-
: Base Effective arnity_prices 37 -
Commodity and unit : period : May 15 : Apr. 15 1 May 15
: _p-------------rice : 1956 : 1956 : 1955
~~~~~~~~~~~- - -- -.,~gie2rls ~ i~_96c __5
Hogs per 100 lb. Dollars 7.47 21.40 21.20 21.30
Beef cattle 7.55 21,60 21.40 21.30
Calves 8.26 23.60 23.50 23.30
Lambs 8,30 23,70 23.60 23.30
Wool per pound 4/ ,214 .612 .608 ,592
Corn per bushel 5/ ,642 6/ 1,77 6/174 1.82
Oats "" .301 .861 .855 ,860
Barley .472 1,35 1.31 1.34
Cottonseed per ton 24.70 70,60 70.10 71.10
i/ Parity prices are computed under the provisions of Title III, Subtitle A,
Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agri-
cultural Acts of 1948, 1949 and 1954. 2/ Adjusted base price 1910-14 derived from
120 month, January 1946-December 1955, average, (including an allowance where ap-
propriate for unredeemed loans and other supplemental payments resulting from price
support operations) by dividing by 265 percent (the 120-month average of the Index
of prices Received by Farmers adjusted to include an allowance for unredeemed loans
and other supplementary payments) unless otherwise noted. Base period prices shown
apply for 1956 only, 3/ Effective parity prices as computed currently in months
indicated using base period prices and indexes then in effect, 4/ Adjusted base
price 1910-14 derived from 10 season average prices 1946-55 (including an allowance
where appropriate, for unredeemed loans and other supplemental payments resulting
from price support operations). 5/ 60-month average August 1909-July 1914, 6/
Transitional parity, basic commodities 95 percent End nonbasic commodities 65 per-
cent (70 percent during 1955) of parity price computed under formula in use prior
to Zenuary 1, 1950,


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


: Average
:Jan. 1947-
:Dec. 1949

21.90
20.20
22.60
9.15
21.90
,460
1.64
,852
1.37
22.40
71.60
May av.
1935-54
12.6
13.3

1947-49
271
230
334





470


U. S. Department of Agriculture
Washington 25, D. C.


UNIVERSITY OF FLORIDA

3 1262 08734 5657
Penalty for private u u, avuia
payment of postage t300.


OFFICIAL BUSINESS

Form AMIS-6/5/56
Permit 1001.


UNIVERSITY OF FLORIDA
LIBRARY
DEPT OF GENERAL INFOR & SEW
3-15-56
LS-CLS GAINESVILLE FLA


LIVESTOCK SLAUGHTERED, UNITED STATES, APRIL 1956, WITH COMPARISONS 1/
SCattle 1 Calves ---
Month : : Other : : Av : : Other : I Av.
and : Federally : whole- : Total: live :Federall whole-: :Total live
aTotal live n d sae &
period Inspected : sale & : :weihtInspecte sale &: eight
----- ------ etail_:_ :_r etAil:_ _
Thousand head Pounds Thousand head Pounds
Apr. 1956 1,544.7 523.8 2,068.5 970 603,5 354.7 958.2 210
Mar. 1956 1,566.0 514.8 2,080.8 973 646.7 386.3 1,033.0 197
Jan.-Apr,1956 6,291.1 2,112. 8,403.5 977 2,438.1 1,467.5 3,905.6 207
Jan.-Apr.19552/ 5,810.5 2,138.6 7,949.1 942 2,335.9 1,619.6 3,955,5 202


Hogs : Sheep and lambs


Apr. 1956 5,252.0 1,014.8 6,266.8 231
Mar. 1956 6,326.6 1,205.5 7,532.1 228
Jan.-Apr.1956 24,206.2 4,769.6 28,975.8 231
Jan.-Apr.19552_/20,119.9 4,614.9 24,734.8 238
1/ Excludes farm slaughter. "Other wholesale and
2/ Revised.


1,129.3
.1,215.8
4,837.3
4,726.9
retail"


142.6
151.1
611.8
559.6
slaughter


1,271.9 99
1,366.9 101
5,449.1 100
5,286.5 .101
is estimated.


MEAT AND LARD PRODUCTION, UNITED STATES, APRIL 1956 1/
Month and : Beef t Veal : Pork 2 : Lamb and : Total
- period _.- --_ _:_ _:_ mutton neAt_2
Million Pounds
Apr. 1956 1,121 112 813 60 2,106
Mar. 1956 1,131 113 955 66 2,265
Jan.-Apr. 1956 4,568 448 3,754 262 9,032
Jan.-Apr. 1955S/ 4,094 442 3,359 256 8,151-


SLard SJ
- S


207
254
966
830


1/ Excludes farm slaughter. 2/ Excludes lard and rendered pork fat.
./ Includes rendered pork fat. 4/ Revised.
Agricultural Estimates Division


/I


-




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