Market news

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Material Information

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:
AA00012178:00026

Related Items

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


This item is only available as the following downloads:


Full Text
r% .,.' I.1


?uwd LIVESTOCK, DIVISION We/4


Vol. 24, No. 28


Week ended July 7


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


Special to this issue
--------------------


The Livestock and Meat Situation, July 1956 ..


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


illm-all


- (


Bagge
548
550
551
552
554
555
556
557
558
560


560
561
563
564


* .
* .
* .

* .
* e
. .
. .
and
* 9
* .
* 0
* .


565





548


MIDWEST LIVESTOCK MARKET REVIEW

Smaller marketing due to the midweek holiday and improvement in the wholesale
meat trade influenced continuation of the generally stronger price trend of the
previous week. Demand for the reduced supply of fed cattle expanded and late
prices were 50-75# higher than a week earlier at the majority of markets. Unusual-
ly large Thursday runs following the holiday resulted in part of the early sub-
stantial upturns being lost, with late transactions at Chicago and Kansas City
steady to 25# lower. Several bullish influences combined to bring about a steady
to 50# higher price trend for stocker and feeder cattle. Hog prices closed steady
to 50# higher at markets in the western Corn Belt, with an opposite trend in the
eastern part of th,6 area. Receipts of sheep and lambs were smallest in four
years and advanceS.of 250-$2.00 or more featured the week's lamb trade.
S SLAUGHTER CATTLE AND CALVES
Cattle receipts were reduced moderately due to the holiday but were well
above those of the Fourth-of-July week a year ago. Smaller marketing of cattle
and substantial pride upturns on dressed beef influenced active trading on fed
steers and heifers during early days of the week and prices advanced. Thursday's
receipts after the holiday were largest for a Thursday in about three years and
part of the early upturns were lost. At most points net advances for the week
measured 50-75,# At Chicago and Kansas City, however, all the early upturn was
erased late, with closing sales steady to 25# lower. Late prices on cows were
steady to 50# off at the majority of markets, declining 50#-$1.00 at Chicago and
advancing 25-50# for the week at St. Joseph. There was relatively little dis-
crimination against Choice and Prime steers under 1400# because of weight.
Majority of the beef steers graded Good to Prime with fully 70 to 75, Choice at
the three markets -- Chicago, Omaha and Sioux City. Vealers and slaughter
calves reacted to improvement in wholesale carcass prices and closed steady to
$2.00 or more higher.
High-Choice and Prime steers cleared in Chicago from $21.75-23.75, bulk
Choice $20.75-21.75, Good to low-Choice *18.00-20.50. Prime 1524# steers
earned $22.50 and 1637# weights $21.50 at Chicago. At other terminals most
Choice steers cashed from $20.00-21.75, high-Choice to $22.00, and Prime up-
wards to $23.25. Most Good to low-Choice brought $18.00-20.00, some down to
$17.50. Good and Choice heifers cleared at midwest markets from $17.50-21.50,
high-Choice and Prime to $22.00, few Prime at Chicago $22.50. Most Good and
Choice vealers brought $17.00-21.00, Prime reaching $22.00.
STOCKER AND FEEDER CATTLE AND CALVES
Stockers and feeders finished the short work week at steady to 50# higher
prices. Improved action over recent weeks stemmed from a combination of three
factors: First, aggregate supplies at terminal markets were smaller because of
the Fourth of July holiday; secondly, good rains fell in many parts of the Corn
Belt area; and the third factor in the trade improvement was the evidence of a
very good demand for Choice and Prime grainfed cattle. While many areas in the
mid-west were being helped by rainfall, much of the Southwest, particularly the
grazing land extending southward from western Kansas and eastern Colorado,
suffered from dryness. Some pasture operators, mainly in Texas, stepped up the
feeding of supplement to livestock on grass. Others cut the size of herds with
the two-fold purpose of relieving the load on pastures that still remain in
fairly good condition and at the same time of taking advantage of a fair re-
turn for the stock on the present market rather than chance the possibility of
weaker prices later in the event drought conditions should force considerable
expansion in marketing.




549


General quality of cattle offered at most markets was unimproved over that of
recent weeks and relatively few graded Choice. Yearlings and two-year-old steers
weighing 600-1000# sold rather close together, grade for grade. Most of the supply
consisted of Medium and Good offerings that sold from $15.00-17.50. Several re-
ports showed fairly active inquiry for the relatively low-costing 900-1050# steers
of mixed breeds carrying moderate flesh, that were available largely at $15.00-
16.00. Several loads of Good thin around 500# yearlings as well as 775-900* long
yearlings and two-year-olds in ordinary condition off grass sold at t17.75-18.00,
and few loads of high-Good and Choice fleshy 850-1000# weights cleared at $18.25-
18.75. Heifers were in rather small supply and most Good and Choice sold from
$14.50-17.00, while few loads of fleshy 650.700# feeders scored $17.25-17.50.
There was a limited trade on stock calves with Good and Choice steer calves sell-
ing largely from $16.00-20.00, heifers off the $20.00 shipment going at t17.50.
Buyers of stock cows were very selective and usually only Medium and Good cows
below six years of age were purchased for return to the country, few loads 875-
1070# selling at $10.00-10.75.
HOGS
Combined receipts at the 12 terminal markets and the Interior Iowa-Southern
Minnesota area during the holiday week were the smallest in a year, but were
still well above the total for the same week last year. With most buying and
slaughtering operations suspended on Wednesday, July 4, wholesale fresh pork
supplies were only moderate to small and prices advanced. Prices for butchers
and sows netted some strength early in the week. However, seasonally large
receipts Thursday influenced steady to mostly lower prices followed by mixed
trends on Friday. Compared with the previous week's close: Butchers steady to
50# lower at eastern Corn Belt terminal markets, and steady to 50# higher at
other midwest market centers. Sow prices varied from $1.00 lower to 50# higher.
Packing plant demand was moderately good, and shippers were aggressive buyers ex-
cept in the Interior area. All interests showed a decided preference for U. S.
No. 1 and 2 butchers, and the relatively small volume of straight No. 1 and 2
grade lots sold 50#-$1.00 over mixed No. 2 and 3 grades of comparable weights.
Bulk of the butchers fell within 180-250# weight range. The proportion of sows
varied from 6 to 47 percent of receipts with largest numbers in northern areas.
The percent of sows was well below the same week a year ago when some centers
reported up to 58 percent of receipts in that class.
Stocker and feeder pigs closed 25-.50 higher at Sioux City with Good and
Choice at $13.75-14.50, mostly $14.00 up. Prices were weak to 50# lower at S.
St. Paul where most Good and Choice brought $15.00. At Memphis Medium and Good
70-140# feeders cleared at mostly steady prices or from $10.50-11.50, few Good
and Choice $12.00-12.50.
SHEEP AND LAMBS
Spring lambs sold higher as receipts at the 12 markets dropped to the small-
est volume in four years. At most midwest terminals spring lambs advanced 25#-
$1.50, although some showed a $2.00 upturn at Chicago with sales as much as $2.50
higher at Fort Worth. Old crop offerings, mainly yearlings with a sprinkling of
lambs, brought steady to $1.00 higher prices. Sheep sold steady in the main, with
instances 25# lower and 50# higher. Feeders closed largely steady following some
early sales at 50#-$1.00 lower prices. In addition to the reduced supply, a sharp
advance in wholesale dressed lamb prices likewise proved a bullish factor in the
live trade. Good to Prime spring lambs sold at $19.00-26.00, mainly at $25.00 and
below, Culls down to $13.00 and under. Good and Choice yearlings carrying No. 1
pelts for the most part brought $15.00-18.50, with nothing in load lots at Chicago
Continued on page 566.





550


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


Market


Cattle


Calve s


Salable : Total Salable :


Total


1 1956 : 1955 : 1956 : 1955 : 1956 : 1955 ..1956. _1 .955_


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


Total.... .


181,237
18,041
56,110
80,220
37,291
81,204
64,274
162,908
61,641
75,700
95,976
84,894


999,496


180,824
18,755
57,442
72,191
33,281
71,726
67,173
172,876
61,971
69,738
99,049
86,493


193,681
23,087
74,759
99,210
38,203
109,872
71,235
165,895
62,228
98,186
99,695
89,900


1,125,951
991,519


189,504
23,438
71,853
90,354
34,148
100,381
70,159
178,603
62,524
87,086
101,660
89,641


1,099,351


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


Total.....


Hogs


166,112
55,381
12,847
15,080
167,179
48,387
19,209
147,132
112,647
237,459
106,628
178,145


190,764
46,986
12,169
10,105
137,379
29,797
12,804
149,041
90,098
161,688
115,619
177,848


212,720
58,224
47,065
40,736
168,512
53,250
51,421
217,965
122,220
257,245
119,865
199,781


225,278
50,036
38,894
33,775
137,379
34,707
32,171
209,203
97,266
182,305
127,675
201,127


Sheep and lambs
~-~----------------r


1,266,206 1,549,004 337,308 557,496


1,134,298


1,369,816


INTERIOR IOWA AND SOUTHRRR MINNESOTA


Hogs


June 1956...... 1,072,000
Jure 1955...... 913,500


9,322
5,364
2,434
15,453
5,697
6,681
7,214
4,815
5,605
17,437
2,854
27,186

110,062


8,824
6,092
2,440
16,029
6,467
7,243
8,392
3,140
4,622
19,086
2,508
30,503


115,346


11,682
5,857
3,761
19,899
5,721
14,492
8,830
4,898
6,003
25,438
3,496
29,168

139,245


11,282
6,376
4,888
20,636
6,467
12,868
10,810
3,553
5,205
28,078
2,508
32,290


144,961


16,568
10,124
14,486
119,023
9,787
35,080
13,869
34,914
29,622
31,039
12,955
9,841


23,634
8,936
17,723
126,898
8,354
40,461
15,700
49,921
29,673
27,570
15,997
10,196


27,184
14,634
54,108
139,574
11,088
87,158
25,954
40,121
36,471
72,071
21,599
27,534


37,185
16,123
29,614
155,146
9,088
74,107
32,290
63,535
40,117
53,197
27,643
28,302


566,347


375,063


Sheep


94,600
122,600




551
WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS
... .................c. :--- c ,,. ....-.... --- ......... Shep _--------
Castle Calves Hogs "Sheep
Ju "July ily""J uXr ~Ju~y "j:uly---July July
rket 7 : 9 9 7 : 9 7 9
1956 1955 1956 : 1955 1956 1955 1956 1955
------- ----- -------------------- ---------
Chicago.------. 41,749 35,360 1,327 1,533 36,054 38,792 4,184 3,947
Cincinnati.......... 3,561 3,892 831 1,285 13,937 9,396 2,999 3,672
Denver......... --_ 11,704 11,490 594 229 1,859 2,219 5,156 4,313
Fort Worth ....... 12,635 13,144 2,186 3,395 2,598 2,066 9,047 14,679
Indianapolis .------- 7,632 7,383 1,283 1,157 41,149 31,278 3,192 2,887
Kansas City ------- 18,997 11,255 1,610 1,001 10,803 5,581 6,321 6,201
Oklahoma City--...... 12,203 13,392 1,310 1,672 3,427 2,806 2,072 2,743
Omaha............. 34,127 31,611 444 539 25,179 27,411 7,353 6,975
St. Joseph -........ 12,653 11,612 557 811 18,972 13,947 4,371 4,643
St. Louis NSY....... 14,448 12,017 3,664 2,868 49,071 30,619 6,516 5,194
Sioux City-......... 23,198 21,383 468 704 18,755 22,603 4,853 4,244
S. St. Paul.......... 16,753 18,010 4,741 5,263 33,803 36,251 3,882 2,936

Total.--.-----..... 209,660 190,549 19,015 20,457 255,607 222,969 59,946 62,434
June 30 1956 233,358 24,073 283,072 66,329
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
July 7, 1956 ............... 208,000 24,400
June 30, 1956 ................ 251,500 22,200
July 9, 1955 .......-------. 203,500 29,000
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHTS AND NUMBER
-c----3----------- ----,---- %----------------------------- --------sy iw fi --
Week ended .Month Six 'onth
'JuJune 28 July ": June : June Jan. Jane
..19 56 .9 56. 1955 ..956 : 955 9 6- 1
Steers 1001w up 66 43 1-2 7 869 8,978 139 31
901-1000 338 258 392 1,894 2,726 28,277 42,138
801-900 1,403 1,701 663 6,911 6,885 61,791 66,518
701-8C'O 2,187 2,924 1,507 11,523 11,017 81,104 80,136
501-700 5,880 9,350 4,031 36,356 35,885 223,471 236,337


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


99,874 14,276 6,745 57,360 57,382 403,621 439,060
681# 664# 680# 671# 674# 699# 709#
$15.59 $15.64 $18.39 $16.41 $18.64 $16.80 $19.77
17.49 17.00 20.07 17.83 20.19 17.54 20.29
16.27 16.38 18.20 17.02 19.03 17.37 20.56
15.90 15.74 18.81 16.37 18.93 16.67 19.76
15.55 15.30 16.62 16.90 18.15 15.70 18.09
15.66 15.62 18.17 17.02 19.63 17.18 20.29
16.19 17.06 20.15 17.42 20.66 17.41 21.53
15.02 14.76 18.76 15.21 17.72 15.91 18.38
14.26 14.89 17.15 15.47 17.20 16.04 18.55
15.27 15.17 17.32 15.88 18.11 16.46 19.46
15.80 16.48 18.23 16.60 18.11 16.48 18.77
6,575 9,000 4,072 33,400 29,258 151,292 183,103


cows.
# COWS.
heifers, bolls- 4,360 5,575 2,216 20,476 16,084 90,120 99,558
Not aus ------------------------ f cateso --------- ------------------------
* Not adjusted for differences in grade of cattle sold ot each market.





552


BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
: Percent of a weight Average price
Average weight
: Number of head : total poundss) in dollars
: -- --- by grades : :_ _er 100 lb.
Grade -: Week ended
------------------------------
:July June July :July June July :July June July :July June July
: 5 : 28 : 7 : 5 : 28 : 7 : 5 : 28 : 7 : 5 : 28 : 7
:1956 :1956 1955 9565 15 9 56_ :19_ 55 11956 .1956 .95. :19_56_ .915. 9555


Prime
Choice
Good
Standard
Con'1 .
Utility
All grades_

Prime
Choice
Good
Standard


3823
21547
4710
480
12


4369
18570
4264
1167


69 278
30641 28648

276 522
12589 12242
4142 3886
456 640


Com' 1. -
Utility 83 118
All grades_ 17546 17408

Prime 409 162
Choice 7886 7651
Good 1872 1818
Standard 258 240
Com'1. -- -
Utility 10 94
All grades 10435 9965

Prime 323 194
Choice 3651 3180
Good 1483 1647
Standard 530 280
Comn'. -- 11
Utility 150 16
All grades 6137 5328


Prime
Choice 2429
Good 2038
Standard 735
Comn'. --
Utility 228
All grades 5430

Prime 137
Choice 3685
Good 1804
Standard 420
Com' 1.
Utility 107
All grade_ 6153


26

1


55


2641
13702
5138

825
75
22381

-555
10061
3787

754
78
15235

2184
7227
1483

214
42
11150

97
1910
851
-
125
31
3014


-- 24
538 1473
10 1397
149
-- 448
L31 119
528 3461


262 21
3572 2617
2003 2109
277 --
-- 359


CHICAGO
12.5 15.2 11,8
70.3 64.8 61.2
15.4 14.9 23.0
1.6 4.1 --
-- 3.7
.2 1.0 .3


1278
1157
1010
888
1350
850
1145


OMAH1A
1.6 3.0 3.6 1236
71.7 70.3 66.0 1107
23.6 22.3 24.9 969
2.6 3.7 912
-. -- 5.0 --
.5 .7 .5 826
1070
Z ^slovyiftCi V -
3.9 1.6 19,6 1282
75.6 76.8 64.8 1135
17.9 18.2 13.3 992
2.5 2.4 920
-- -- 1.9 --
.1 1.0 .4 953


1109
CITY i


1263
1139
966
874

820
1118


1258
1141
1004
-
970
874
1116


22.65 22.20
21.42 20.90
19.71 19.18
17.11 17.15
16.25 --
14.71 14,65
21.29 20 74


1265 1227 22.62 21.65
1120 1088 21.10 20.30
970 1014 18.89 18.22
914 -- 16.10 15.76
-- 955 -- -


899
1082

1270
1151
964
937

839
1111


846 13.61 13.16
1067 20.52 19.75

1203 21.94 21,52
1102 20.61 20.29
1029 18.73 18.33
-- 16,62 15.71
983 -- -
970 14.33 14.03
1109 20.28 19.86


24.38
23.19
21.43

17.92
15.83
22.80

23.88
22.19
20.25
--
17.79
15.15
21 58L

23.24
21.99
19.85

17,71
15.85
21.99


KANSAS


5.3 3.6 3.2 1161
59.5 59.6 63.4 1116
24.2 31.0 28.2 1017
8.6 5.3 -- 1005
-- .2 4.1 --
2.4 .3 1.1 925
1080
ST. LOUISNSY )&
ma 7 -.


44.7
37,5


1


26 18 1,8
6140 5124


47.7
34.6


42.6
40.4


.3.6 15.3 --
- -- 12.9
4.2 2.4 3.4


11
1I
10
9
12
9
10


1034 10
970 9
904 8


792
982


S. ST. JOSEPH 1
2.2 4,3 .4 1141
59.9 58.2 51.1 1085
29.3 32.6 41.2 1022
6.8 4.5 926
-- 7.0 --


.4 .3 824
1052


.08 1133
.10 1214
>30 1006
172 --
.52 1029
149 835
)78 1141

-- 923
)69 1014
'88 956
180 --
-- 856


820 7'
1006 9E


1162
1091
1016
952

755
1062


46
60


1235
1115
1035

975
854
1072


22.37
20.94
18.94
16,76

13.97
20.09


22.38
20.84
18,96
16.68
15.75
14.00
20.12


-- -


21,03 20.60
19.63 19.09
17.10 16.97

14.14 13.99
19.79 19.47


23.88
22.71
20.53

18.06
14.15
21.97

23.97
22.53
20.85

18,20
15.72
21,18


22.15 21.57 24.00
20.90 20.44 22.59
19.13 18.79 20.85
16.88 16.82 --
18.18
13.38 13.22 15.04
20.08 19.81 21.60
Continued




553
BEEF STEERS SOUL OUT OF FIRST HANDS FOR SLAUGHTER
SPercent of Avege weight : Average price
: Number of head : total (pounds) in dollars
S,,: grades _: _per 100 lb._
Grade .-.-._.--- _.I--------. month_ _.i____. ____ _.


June May June June May June June
'1956 1956 '1955 :1956 "1956 '1955 :1956
:* =


Prime
Choice
Good
Standard


11733
84611
25060
2932


5243
77470
38666


Com'1. 40 3690
Utility 603 671
All grades124979 125740

Prime 1o 815
Choice 53450 53219
Good 17613 24697
Standard 2316 -
Com'1. 3104
Utility 624 796
All grades 75078 82631

Prime -991 797
Choice 27275 31283
Good 11431 11867
Standard 1289 --
Com'l. 1786
Utility 291 224
All grades.41277 45957

Prime 623 147
Choice 11862 12765
Good 9633 10523
Standard 1388
Com'l. 11 1293
Utility 218 168
All grades 23735 24896

Prime 50 8
Choice 10094 9397
Good 8913 12715
Standard 3306
Com'1. 150 4762
Utility 615 1563
All grades 23128 28445


Prime
Choice
Good
Standard
Com'l.
Utility
All grades


12633 14588
8830 8913
1538 .
2160
369 362
23914 26241


9214
83451
28752

3314
409
125140


9.4
67.7
20.1
2.3


CHICAGO


61
3(


.5
.5


t.2 7.4 1281
L.6 66.7 1163
).8 23.0 1004
-- -- 887
2.9 2.6 1242
.5 .3 848


OMAHA
1106os 1.4 .0 1.3
53365 71.2 64.4 63.0
24107 23.5 29.9 28.5
3.1 -- -
5387 -- 3.7 6.4
674 .8 1.0 .8


84639


SMay
*1956


1289
1174
1026

940
937


1134 1125


12
11




1


SIOUX CITY V
726 2.4 1.7 1.6 1
29308 66.1 68.1 63.6 1
13666 27.7 25.8 29.7


-
1965
373
46038


3.1

.7


KANS
519 2.6
8925 49.9 51
6475 40.6 43


5.9
.1
.9


5


3.9
.5


4.3
.8


1


June
1955


1253
1138
1006


'June May June
:1956 :1956 '1955
5 _


22.29
21.05
19.41
I,., <"<


22.82
20.70
18.78


-- .Lr(e --
969 16.50 15.99
875 14.81 14.39
1111 20.79 20.12


78 296 1264321.30 2a1'7
L32 1149 1101 20,00 19.69
)96 1018 1004 18.14 17.92
123 -- -- 15.66 --
- 941 958 -- 15.32
)63 878 882 13.59 13.60
)99 1101 1064 19.47 19.04


227
147
991
935
0-
863
097


AS CITY j
.1 2.9 1162
..3 50.3 1122
.3 36.5 010
-.- 896
.2 8.5 1252
.1 1.8 885


17736 1062
ST. LOUIS NSY I
151 .2 -- .8 1077
7902 43.7 32.9 41.3 1074
8309 38.5 44.8 43.4 990
-- 14.3 -. 909
2072 .6 16.8 10.8 1120
709 2.7 5.5 3.7 873
19143 1013
S. ST. JOSEPH 1
38 2.3 .8 .2 1202
11104 52.8 55.6 44,6 1108
11280 36.9 34.0 45.3 1038
-- 6.4 -. 942
2246 -- 8.2 9.0 --
228 1.6 1,4 .9 837


24896


1069


1281
1140
1027

995
1000
1107


1C
ic
1C
1C

1C

IC

IO
9
11



1C
9






11
10


1225 21.40
1118 20.16
1015 18.62
-- 16.47
981
966 14.44
1082 19.68


)90 1129 22.11
)96 1119 20.68
)49 1017 19.10
- -- 16,49
)02 981 15,75
23 907 13.23
)70 1066 19.84

L71 1107 22.06
)84 1033 20.52
i86 950 19.20
-- -- 17.33
!93 874 17.48
(68 845 14.91
196 973 19.47

.94 1260 21.31
16 .1114 20.32
)30 1034 18.69
.. .. 16.31


952
902
1071


21.90
19.64
18.08

16.01
14.14
19.16

22722
19.89
18.40

15.69
13.37
19.04

22.50
19.70
18.49

16.91
15.07
18.52

21.15
19.57
17.92


996 -- 15.72
871 13.71 13.55
1065 19.45 18.69
Continued


24.15
22.63
20.44

17.22
14.64
22.15


M5 3^(r
21.55
19.59

17.18
14.92
20.75

23.19
21.57
19.74

17.31
15.39
20.88

23729-
22.28
20.22

17.28
15.32
21.10

23.87-
22.13
20.32
--
17.75
15.38
20.74

22.51? 7
21.94
20.08

17.45
14.71
20.69


-~----------~---,,


-
1507
310


218


-S44-




554
BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
2 : Percent of : Average price
SNumber of head : total Average weight : in dollars
: ygfadesl (pounds)
:---------------------,a -------- -- -- pjr_100_lb._
Grade : W-eek ended
lJuly ,June :June :July June ul: y July June July July :June July
5 :28 7 5 28 :7 5 :28 :7 5 :28 7
--- :-1956- :19_56_: 1955 19_56_ 1956_:1955_ 956_ 1956_:1955_ 1956_1956 1955

Prime 46 26 .8 .7 1077 1052 22.25 23.75
Choice 4502 4602 3018 74.4 66.9 75.4 1147 1159 1084 21.34 20.88 22.78
Good 1359 2106 921 22.5 30.6 23.0 1072 1055 995 19.87 19.64 20.61
Standard 120 129 2.0 1.9 1014 967 16.24 16.57 -
Co'l. -- 37 .9 935 17.15
Utility 22 44 .3 .6 822 882 -- 13.00 13.77 --
All grades 6049 6881 4002 1126 1122 1062 20.92 20.42 22.27

Grade sJune tMay :June :June :May :June :June :May :June :June :May :June
-- 1956_:1956_ 1955 _:956 *1956 :1955_ 1956_:1956- :1955_ :956_ 1956 1955

Prime 89 581 230 .3 1.9 .8 1200 1312 1122 21.73 21.65 23.34
Choice 20777 23365 24639 74.5 77.5 82.7 1144 1134 1112 20.76 19.74 22.56
Good 6423 5636 4467 23.0 18.7 15.0 1051 1039 1032 19.48 18.45 20.64
Standard 510 1.8 -. 1006 -. 16.40


Com'1. 358 446 -
Utility 116 214 -- .4
_ll grades 27915 30154 29782
I/ These summaries developed from


the Agricultural Estimates Division,


1.2 1.5 -
.7 .. 880
1119
data collected on


1014 988 --
956 13.41
1117 1098 20.39
marketing of fed


15.44 16.64
14.09 -
19.48 22.21
cattle by


ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
Beef Veal Pork Lamb : Total Total
Week t- (- X- A& la lard. Landmuton meat lard
ended Num- : Prod. Num-s Prod. : Num-: Prod.: Nu Pod prod.: prod.
----- -.1. Je _br_ __:_ber__ i .
1,000 mil. lb.1,000 mil.1b. 1,000 mil.lb. 1,000 mil.lb.mil.lb. rail.lb.
July 7, 1956 349 195.1 105 13.9 859 117.3 227 10.0 336.3
June 30, 1956 389 215.5 129 17.0 989 139.5 243 10.7 382.7 --
June 23, 19561/ 379 -- 141 988 254 -- 36.6
July 9, 1955 321 170.2 115 15.0 710 106.3 245 10.9 302.4 27.0
Percentage change from:
June 30, 1956 -10 -9 -19 -18 -13 -16 -7 -7 -12
July 9,_1955 + 9 +15 9 7 +21 +10 -7 -8 +11 -
---------------- =-------------------------
----------- Avra eigjhtb_(-b,)_ l Lard
Week Cattle Calves Hogs Sheep yield
ended -- A.--.-..-- 2- -r -A-a-b- i per
--_ --.6 r se .e res e:lse_-:rse i aei : _LQO_.
July 7, 1956 990 559 240 132 246 136 90 44 -
June 30, 1956 990 554 240 132 252 141 90 44 -
June 23, 1956 990 554 240 132 252 141 90 44 -
July 9, 1955 959 530 232 130 265 150 93 44 14.3
I Actual slaughter, -- Excludes lard.
,1/ Actual slaughter. Z/ Excludes lard.





I (A-1 r--%o 0 W% ( ^---.'- O tWfl% I1

PI L l 9z f l UCN MC0 00I
I S Z 1 r- u r-- CI w
I I
a I


ow %

s0 r-
w %.0
cu WI
\%


-I I
" I tM,-.e o Qrom o ,-- 0 "
w, o o lc KO a N. a fa a ok a
cm1iv O At O. 0U w 01% cu % v. R O
K% o *4 Av
I I
-! I
Incnu -t UN A f-4 >\O w omoD Wu Im
cI.4i IfeN LA I% cu ON -Cu r-%D 0a% w D 0 f,- P-.-
eW a a M -a a cu .- cu ca o ^.1 ar


I I r
#r4| K .IOCU ,0i. 0 CUf-- Cu D- ON 1 Ct




ON ,1%,- u 1- t.01 ,. f r-C w I C u0
,di 4 r;o;t;c;4V'%o- Wl'i0' r-Tr 4;o iru cu
"I l,,i Co t^-CM It
ca% :t Ci I,--1 U" UiN cu co ON -4 Wrl Cyi r-4 N w

I CI
cu

I 0 CU CMo rO 4% oN Om4K Ul% K, cm w l f
i a0 a a a a a a an a C a
I *** ** *

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I 4 4 1P- UN mr N cu ao m At .M.- I,% -o cF%

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I I
cu


8 O -l a a t t .t to,% t- w w-4
,.I or-C C O U..0 W 7 r- W .-. .CWo .I o-





I :O I d .I ,P-5
%r D i.n o L.u(I r% 0 o ou or o I 0 e\ .) 3 rM-CU r:- M r -.4 ; .

1r4li< r1 1 ON


-IlP- Wct OenMu r4 W W E0 % qIe. oogU I% r-
I i


I I
w me(o UN r 00 BO ON o rcrur *% Mn P.- ON
aL (\:u% 4 4 r r;oO 0; ir r^ 10 t:
O O UO~t c P.



I m t I-- w -_
0t1 U


I
u 0
-


SQ i ** ** *W 4 d e *

rt 4' *
0 *4 *
4.*: a-4I05 *

Q *0 044 4' A* 0 *Q
.'I 4D M6 *



3 0 ",a0 0 8 :I a 0
IIE d 0 0 a r 40 0
4 *SO m* AS 4 .
40 4* M *0 0 5 a 4 0 4



0 11 4 : O a 9 H


0 pq @pq1 vow2T ae 0


555


W f-CU
a a*r










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00
40

It-'
0. a

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E-4




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* 0 0



& .4a Q




i" e





556


CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
-----------------------------------------------------------------------------
Chicago Kansas City Omaha
...---------------- I-------.-.-------I-j------------ .------.--------- --------
Classification Juuly : une July July y June July July June July
7 30 9 7 30 9 7 30 9
.. .1956 1956 ..1955 1956 1956 1955 9.56 195.6.19.55
Slaughter cattlecalves and dealers
Steers -


Prime 900-11001
1100-1300
Choice 900-1100
1100-1300
Good 900-1100
Standard-All wts.
Heifers -
Prime 600-800f
Choice "
Good 500-900
Standard-All wts.
Cows All weights
Commercial
Utility
Canner & Cutter

Bulls All weights *
Utility & Commercial
Calves 500# down -
Choice.,/
Com'l. & Good
Vealers All weights
Choice & Prime
Com'l. & Good

Steers -
Choice 500-8001
Good *
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd. '
Cows All weights -
Medium & Good
Calves 300-500# .
Steers -
Good & Choice
Heifers -
-Good & Choice


22,97
23.06
21.59
21.56
19.41
16.81


20.62
18.72
16.03

12.69
11.31
9.94


22.68
22.82
21.10
21.10
19.02
16.62


20.35
18.34
15.82

13.00
11.80
10.42


25.03:
25.06:
23.56:
23,50:
20.84:
---

-go
22.34:
20.12:
-3

13.56:
12.19:
10.62:


22.75
22.62
21.25
21.09
19.12
16.62


20.62
17.90
15.25

12.28
11.00
9.62


22.60
22.45
21.10
20.90
19.00
16.65


20.55
17.79
15.12

12.52
11.35
9.82


24.25:
24.25:
22.88:
22.75:
20.62:


--2
22.31:
19.94:
-:

14.09:
12.03:
10.09:


22.81
22.94
21.16
21.19
18.41
15.84


20.50
18.12
15,69

12.62
11.44
10.00


22.45
22.30
20.48
20.48
17.88
15.58


19.82
17.55
15.28

12.70
11.50
10,05


15.52 15.42 16.25: 13.80 13.50 13.56: 13.62 13.42 14.56


16.75
13.75

20.62
17.75


16.00
13.00

19.50
16.55


20.50s
16.50s

23.00s
19.00:


17.38
14.69

18.19
14.90


16.95
14.18

17.20
14.35


19.50:
15.88:

20.00:
16.38:


15.00
12.62

16.88
13.62


15.00
12.78

16.88
13.42


Feeder and stocker cattle and calves


19.59
17.44
15.31


19,88
17.62
15.50


22.25s
20.28:
17.25:


19.25
16.88
14.25


19.25
16.88
14.25


22.38:
19.88:
16.38:


17.50 17.50 19.00s 17.38 17,38 18.50:
15.12 15.12 16.00s 14.38 14.38 14.75:

10.12 10.00 11.25:


19.12 19.50 21.50: 17.75 17.75 21.25:

17.12 17.50 18.50s 16.00 16.25 17.75:


18.75
16.88
14.75

16.88
14.25


18.50
16.62
14.50

16.88
14.25


24.09
24.09
23.34
22.31
20.12



22.06
19.91


13.56
12.06
10.50


19.00
15.00

20.50
16.25


22.38
20.25
17.50

19.12
15.75

11.75


21.50

18.25


10.88 10.50


18.50 18.50

16.25 16.25


........ w w -------------------------------------------------------------------- J





HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 557
In dollars per 100 pounds
---------------------------------------------------------------------- ------------------------
Interior Iowa and
Chicago southern Minnesota Indianapolis
--- -- -- -- --- W-- --
Classification -"July'JiIy : Junei:" July JulyI June :July
7? 30 : 9 7 30 9 7 30 9
.....1956 1956 :1955 :1956 1956 1955 : 956 X .96 ...
-------------------- ---- --- -- --- ----., ?5 -1 .5 ---?-- .--- -- -- -
Barrows gqd gifts -
U.S.No,1, 160-1P)P 15.75 15.55 17.53s 14.42 14.22 16.80: 15.38 15.28 18.00
2 and 3 180-200 16.74 16.46 18.911 15.98 15.77 18.11: 16.88 16.58 19.25
20-22K 16.92 16.77 19.04: 16.52 16.36 18.36: 16.88 16.71 19.38
220-240 16.84 16.75 18.92: 16.42 16.26 17.98: 16.78 16.49 19.09
240-270 16.46 16.41 18.32: 15.90 15.76 17.35: 16.53 16.32 18.75
270-300 16.05 16.02 17.56: 15.30 15.10 16.58 15.88 15.78 18.16
Sows -
Choice 300-330# 14.97 15.15 16.28: 14.65 14.42 15.18: 14.53 14.60 16.34
360-400 13.88 14.00 14.56: 13.56 13.35 13.82: 13.44 13.60 14.75
450-550 12.31 12.52 12.69: 11.170 11.47 11.79: 12.25 12.60 13.00
Pigs (Feeder) -
Gd. & Ch. All wta, -: -: -
---------- rt8... --T '-----------~ s --r---:- ------ --------.--------------
Om St Louis
Omaha Sioux City
I aaNational Stock Yards
-- -- -- -- -- --- - ----------,-------,,,,, ,,,,,,,
Barrows and gilts -
U.S,.N.1, 160-180# -s 16.12 15.91 18.84: -
2 and 3 180-200 17.12 16.72 19.12: 17.01 16.70 19.44: 16.54 16.07 18.19
200-220 17.12 16.72 19.12: 17.02 16.70 19.44: 17.06 16.66 18.94
220-240 17.12 16.72 19.12: 17.02 16.70 19.03: 17.06 16.58 18.88
240-270 16.91 16.52 18.28: 16.64 16.28 18.38: 16.81 16.25 18.09
270-300 16.38 15.92 17.18s 16.00 15.40 17.50: 16.22 15.68 17,06
Sows -
Choice 300-3301 15.59 15.12 16.03: 14.66 14.45 15.97: 15.34 14.98 15.50
360-400 14.34 13.92 13.96: 14.00 13.78 14.97: 14.03 13.40 13.69
450-550 12.75 12.38 12.46: 12.53 12.28 13.09: 12.41 11.75 12.09
Pigs (Feeder) .
Gd. & Ch. A]1l wts. .. -s -- -- -
-. d & ? J -------- ----------.~-------- ----- --T-----.~--.-- .---- -!------- -- -- -
S. St. Paul Baltimore N. Portland
----------- ------------------------.
Barrows and gilts -
U.S.No.l, 160-180# 16.18 16.35 17.93t 17.12 16.69 20.42: 18.25 18.25 21.25
2 and 3 180-200 16.75 16.82 18,59: 18.08 17.44 21.04: 18.88 19.03 21.83
200-220 16.75 16.82 18.56: 18.08 17.44 21.04: 18.88 19.03 21.83
220-240 16.75 16.82 18.25: 17.75 17.25 20.50s 18.50 18.62 21.25
240-270 16.62 16.70 17.66t 17.06 16.56 19.96: 17.38 17.50 19.75
270-300 16.88: 15.81 15.66 18.08: 16.88 16.88 19.00
Sows -
Choice 300-330# 14.62 14.48 16.03: 13.75 13.00 16.29: 15.50 15.50 15.25
360-400 13.62 13.48 13.62: 13.31 12.91 16.21: 13.75 13.75 14.25
450-550 12.50 12.35 11.62 11.62 11.50 14.21 12.00 12.25 13.00
Pigs (Feeder) .
Gd. & Ch. All wts. 14.81 14.85 17.25: -- 16.00 16.00 -




558


HOGS: AVERAGE COST. WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
---------------------------------------------------------
--------- ---- -------- ---------
. ...... ...... ....... .. ..".. ..,.. ..St. :
Louis Kan- S. S. 8-
Chi- : Nati. sas Omaha Sioux St. St. Indian- mkts.
Week ended cago Stock City City Joseph Paul apolis corn-
Yards bined
------------ I -
AVERAGE COST Dollars per 10) pounds
Barrows July 7,1956 16.49 16.69 16.58 16.84 16.78 16.77 16.16 16.61 16.61
and June 30,1956 16.42 16.36 16.48 16.35 16.14 16.38 16.10 16.46 16.35
gilts July 9,1955 18.64 19.14 18.87 18.59 18.34 18.77 18.10 19.11 18.76
July 7 ,1956 13.64 13.68 13.97 14.70 14.48 14.11 13.94 12.87 13.97
Sows June 30,1956 13.74 13.28 13.51 14.11 13.91 14.15 13.75 13.09 13.76
July 9,1955 14.66 14.42 14.11 14.78 14.40 14.88 14.26 14.17 14.51
AVEAG wiEI'Af ------------- ------------ ----------------------------
AVERAGE WEIGHT Pounds
Barrows July 7,1956 231 214 219 ---224 227 217 222 217 220
and June 30,1956 228 215 217 221 223 216 222 217 219
gilts July 9,1955 225 209 220 224 231 217 216 214 218
July 1--",i956 387 389- 386.. 351" 336"- 363 "349 -Si415 365 "
Sows June 30,1956 392 392 394 353 344 361 349 418 367
July 9,1955 381 393 418 353 351 368 342 420 363
NUMBER OF HEAD -
Barrows July 7,1956 21561 41896 9894 14552 9082 15657 17260 35503 165405
and June 30,1956 21071 41893 9225 18051 12941 18918 19433 35635 177167
gilts July 9,1955 20714 22207 4861 10875 8754 10441 14849 25868 118569
July 7,1956 10053 3302 667 8533 8206 2548 11035 4300 48644
Sows June 30,1956 12228 3805 708 11242 10364 3224 13424 5035 60030
July-ir... _9.._147. ..._ ....17 .373.. 15034 .12151. _2957 17889 49434.. .70696~
SOWS Percenta of total
July 7,1956 32 7 6 37 47 14 39 11 23
June 30,1956 37 8 7 38 44 15 41 12 25
July 91-955. 42 12 7 58 58 22 55 15 37
1/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG. COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
--- -- -- -- -- ---- --------L----------1-------------------
t .. .. Gross spread
Hog products 1/ Hog prices 2/ : r spread
Jy------, 1956 18 w1 ------ $1""13*
June 30, 1956 18.39 16.77 1.62'
July 9, 1955 20.58 19.04 1.54
1/ Value of all edible products, fresh basis (lard rendered) in 100 Ib. of live hog com-
pued 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.

HOG AND CORN PRICES AT CHICAGO AND HOG-CORN PRICE RATIO
Barrows and Corn,. / Hog-corn
Week ended gits No. 3, yellow price ratio
Dollars per Cents per based on
100 pounds bushel barrows and gilts
July 7, 1956 16.49 153.0 10.8
June 30, 1956 16.42 152.3 10.8
July 9, 1955 18.64 147.6 12.6
1/- Simple average price.
1/ Simple average price.




559


HOGS: AVERAGE COST. WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
------.---.---.-.-....-.-.. ---.--- ---------.-.---- ....-..-. ------- ----- .--------
Louis Kan- S. S. 8-
Chi- Natl. sas Omaha Sioux St. St. Indian- mkts.
Month cago Stock City a City Joseph Paul apolis corn-
Yards :bined
---- ------- -------- I -------------------- ------j-----------
AVERAGE COST qa Dollars per 100 pounds
Barrows June 1956 16.73 16.77 16.64 16.71 16.55 16.66 16.36 16.81 16.68
and May 1956 16.36 16.36 16.24 16.23 16.14 16.22 16.22 16.53 16.31
gilts June 1955 19.51 20.01 19.58 19.32 19.33 19.46 19.09 20,09 19.60
June 1956 13.81 13.63 13.72 14.23 14.00 14.13 13.86 13.10 13.85
Sows May 1956 13.73 13.80 13.64 14.37 14.50 14.15 14.40 12.78 13.92
June 1955 15.20 14.88 14.56 15.32 15.37 14.98 15.40 14.65 15.22
AVERAGE---------------"---~-------------^---------------"-----------------------~~
AVERAGE WEIGHT Pourids
Barrows June 1956 230 216 21 "'-225 224 217 225 221 221
and May 1956 231 217 218 224 228 216 224 224 223
gilts June 1955 235 214 224 233 231 220 225 221 225
June 1956 398 393 403 359 355 369 357 430 376
Sows May 1956 418 404 410 378 373 379 370 442 397
Jane 1955 395 405 423 364 354 376 350 443 373
NUMBER OF HEAD -
Barrows June 1956 99226 199227 42618 90560 60523 94614 103943 137899 828610
and May 1956 129546 244774 50312 109468 77250 96889 150558 146739 1005536
gilts June 1955 113568 133315 26286 76725 53199 78309 90729 109872 682003
June'i956 47775 1i9848 ""3735 45131 35483 13815 51895" 20487 238i169
Sows May 1956 35028 19122 3652 26331 17056 9471 32084 21392 164136
,jlT 955.. ... .568.00Q. 553 ..2765 63495 50900 .5245.. 7867 _1.9837 294460.
SOWS Percentage of total
--------------------------------
June 1956 32 9 """"-- ..""3 ,' 37 13 33 13 22
NMa 1956 21 7 7 19 18 9 18 13 14
June 1955 33 9 10 45 49 16- 44 15 30
1/ Weighted average.
MONTHLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
----------------------------------- ross spread
Hog products 1/ Hog prices 2/ or margin 3/
------------------------- i. --- ---- -----... "i. Y'' ......
June 1956"""""' 18.61 i17o0 6
May 1956 18.85 16.81 1.54
June 1955 21.20 20.24 .96
1/ Value of all edible products, fresh basi3 (lard rendered) in 100 Ib. of live hog com-
pued 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.
HOG AND CORN PRICES AT CHICAGO AND HOG-CORN PRICE RATIO
Barrows and Corn. .1 Hog-corn
.t, gilts / : No. 3, yellow price ratio
Dollars per Cents per : based on
100 pounds bushel barrows and gilts
June 1956 16.73 153.1 10.9
May 1956 16.36 152.3 10.7
June 1955 19.51 147.3 13,2 -
.,/ Weighted average.
,1 Weighted average,





560
SHEEP AND LAMBS: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
: s a : : :Ogden &: South
: a Kansas: Fort : : North : San
:Chicagos Oaha : City Worth D er Salt Fran

LAMBS (SPRI .N. ..- _G)
LAMBS (SPRING) .


Choice and
Prime


Good and J1
Choice J

EWES (SHORN) -
Good and J
Choice J
J
Cull and J
Utility Ji

FEEDER LAMBS -
Good and J
Choice J
Jt


aly 7, 1956
0SO, 1956
aly 9, 1955
Aly 7, 1956
mne 30, 1956
aly 9, 1955

ily 7, 1956
ne 30, 1956
aLy 9, 1955
ly 7, 1956
in 30, 1956
ay 9._1955


25.03
22.62
23.12
23.38
21.25
21.62

4.19
4.00
4.50
3.28
3.00
3 50


23.78
22.52
23.00
22.50
21.15
22.00

4.38
4.58
5.00
3.62
3.48
3.75


23.
22
22
21.
20.
214

4.
4.
44
--4a
3.
3.


-- 18.00
- 18.00
M- m


53
.15
.88
,56
,35
38


-- 24.00
-- 22.92
23.25
19.75 22,00
17.95 21.18
19.94 21.19


00 5.69
,00 5.60
.75 5.44
00 4.28
,00 4.15
75 3.66

- 14.00 17.50
13.80 17.25
14.50 17.75


22.65
21.40
21.68
21740
20.15
20.25

4.75
4.00
4.75
3.00
2.75
,..oo


21.75
20.25
21.00
20.25
19.25
20,00

3.50
3.50
3.25
3.00
3.00
S250


17.75 17.00


17.45
17.00


17.00
16.75


ESTIMATED PERCENT FEEDER
AND SLAUGHTER COWS IN


AND STOCKER CATTLE
SALABLE RECEIPTS


Week ended


-m -m -u -e -n -m -m -m -m -m -s -m -m -e -om -n -m -
Chicago Kansas : S S. St.:St.Louis:
_ciCt l J- aJ o seph NS_
Feeders and stockers


Sioux
-Citz


: S. St.
,rIaIul,,


1956
1956
1955

1956
1956
1955
w


2
3
3

6
7
9
Indian


35
29
23

17
17
26
--. .-


I-


: .


- Apgl1s3 -


7 7
Slaughter cows
13 12
12 13
9 13
- -----Fort
a Fort s


ie never
- -~ -- sorth L
Feeders and stockers


1956
1956
1955


4 18
5 17
6 8

20 12
16 16
25- 6
.--2-----?---
Okla. : Wichitae
ity_ -

40 36
40 38
60 25
---~--------


Slaughter cows


July 6, 1956
June 29, 1956
July 8, 1955


7 15 33 25 35 45
11 17 30 20 33 33
15 15 33 20 31 35
------------------------------


aly 7,
une 30,
L14 9,


1956
1956
1955


July
June
July

July
June
July


6,
29,
8,

6,
29,
8,


July
June
July


6,
29,
8,


5
5
5

35
35
30
San
Anbon _

35
40
40





561


NEW YORK WHOLESALE MEAT TRADB REVIEW
Western Dressed Fresh Meats

Available stocks of steer beef ranged from moderate to barely normal, with
other classes moderate. Daily unloads of most Western dressed meats were relatively
small during the holiday-shortened period. The moderately active trade featured
strong to higher prices on practically all classes, with sharpest upturns on fresh
pork loins and lamb carcasses. Factors of supply and demand were well balanced in
most instances and fairly complete clearances seemed assured. Compared with the pre-
vioud week: Steer beef 500 to $2.50 higher; cow beef fully steady to 50# higher;
veal steady to $2.00 lower; calf fully steady to $1.00 higher; spring lamb $4.00-8.00
up; pork loins $7.00-10.00 higher; other fresh pork cuts steady to $1.00 higher.
Demand for steer beef cuts on early sessions was fairly broad and centered on
hindquarters, ribs and loins. In the post-holiday trade, however, demand swung to
arm chucks and lightweight hindquarters, with chain store outlets most aggressive.
Prices were higher on carcasses and all primal cuts, with some early weakness on
chucks offset by strength on late sessions. A moderate supply of cow beef moved out
at strong to higher prices.
Teal and calf prices appeared firm for the most part, but the practical top on
Prime veal was off about $2.00. Prices on lamb worked progressively higher with
closing prices substantially up for the week. Weight and the degree of finish were
factors influencing most sales. Bulk on offer weighed 50# down, and carcasses of
cutting weights were relatively inadequate. Despite the favorable supply situation
and price set-up, some thinly fleshed carcasses were discounted sharply to effect
clearances.
Substantial advances were registered on fresh pork. Virtually all primal cuts
sold higher, and closing prices on fresh loins were sharply higher than a week
previous. A moderate supply sold dependably in retail channels with daily clearances
mostly complete.
Locally Dressed Fresh Meats

Total production of locally dressed fresh meats was below the output of the
previous week. Trade was generally fair, although operations by local slaughterers
were suspended in observance of the holiday. Prices held mostly steady to strong,
instances higher, with prices stabilized to some extent by a shortened supply.
Prices of most wholesale primal steer cuts turned upward, with hindquarters,
rounds and arm chucks leading the advance. Prices of loin cuts and ribs held fully
steady early but late sales were on a steady to weak basis. Demand for arm chucks
and lightweight hindquarters broadened in post-holiday trading when chain store
accounts became aggressive. Prices of kosher forequarters and arm chucks closed
about $1.00 higher with kosher plates and briskets up about 50#. Ribs were off
about $2.00 from the high time of the week.
Teal and calf prices were weak at the outset, but after Tuesday, prices showed
firmness. Advances of around $1.00-2.00 were posted on both veal and calf. Lamb
carcasses around 50-60# were in smallest supply, and such kinds were sought after in
hotel and restaurant outlets. Upturns on carcasses averaged around $2.00-3.00, but
as in recent past weeks, thinly fleshed carcasses were discounted slightly to sharply
in order to clear available stocks. Prices on kosher spring lamb foresaddles were
fully $2.00 higher as the result of a moderately broad demand on all sessions.
Most locally dressed primal fresh pork cuts moved slowly but dependably and the
price trend reflected some unevenness. Early sales were steady, but thereafter,
fresh loins and spareribs sold higher. Boston butts sold steady to weak and fresh
skinned hams were off $1.00 at the inside figure.





562
CHICAGO WHOLESALE MEAT TADE REVIEW

Fresh meat supplies were smaller than during the previous week dna mostly to
suspension of slaughtering on July 4th. However, in most instances offerings proved
adequate. Fresh pork cuts ran mainly to the heavier weight averages, while Good and
Choice grades were mainly featured in beef, lamb, and veal. Shipping outlets were
fairly broad for carcass beef, while locally trading was only moderately active.
Beef ribs and loins cleared well at higher prices, but squarecut beef chucks met
with resistance early, although demand improved later. Carcass lamb and lighter-
weight pork cuts were in moderate demand. In lamb cuts, most buyers concentrated
on ribs and loins. Veal trading early was dull but outlet broadened later. Higher
costs, reduced supplies and improved demand influenced considerably higher prices
on most meats. Clearances at wholesale levels are expected to be fairly good. Com-
pared to last Thursday's close: Standard beef $1.00 lower, other grades mostly
$1.00-1.50 higher; veal steady; Choice and Prime spring lamb $5.50-7.50 higher,
Good $3.00-4.00 up; pork loins 8-16# $3.00-4.00 higher, other pork cuts steady.
Choice and Prime squarecut beef chucks cleared at $25.00-27.00, comparable rounds
$41.00-43.00; Prime loins $80.00-85.00, Choice $72.00-74.00; Prime ribs $57.00-
59.00, Choice $49.00-51.00. Lamb hindsaddles brought $65.00-68.00, legs $45.00-
52.00, loins $88.00-95.00, hotel ribs $80.00-86.00.

PACIFIC COAST WHOLESALE MEAT TRAIE REVIEW

A short work week reduced available supplies of steer beef at all points on the
West Coast while cow beef supply was more liberal due to incoming shipments from
other centers. Veal supply was limited in California but liberal in the Pacific
Northwest. Volume of Choice and Prime spring lamb was moderate but adequate at
most points while Good was excessive. Pork supplies were also rather mall with
reduced incoming shipments from the midwest. Trading was slow early but later
trade was fairly active particularly on steer beef. Prices compared to last Friday:
Steer beef steady to $1.00 higher, instances Choice $2.00 up at Los Angeles; cow
steady to $1.00 lower; veal and calf steady; spring lamb steady to $3.00 higher,
except $1.00-2.00 lower at San Francisco; fresh pork loins $2.00-5.00 higher;
shoulders steady to $2.00 higher; other pork largely steady except Boston butts
$1.00 higher at Los Angeles and bacon $1.00 higher at Portland; lard steady to 50#
lower.
Choice steer beef under 700# cashed mainly from $35.00-38.00, few under 600#
reaching $39.00 in the Northwest; 700-800# $34.00-37.50; Good 500-700# $32.00-37.00;
Standard $29.00-35.00. A few Standard cow carcasses were available at $28.00-30.00
at San Francisco; Commercial mostly $24.00-29.00; Utility $22.00-26.00; Canner and
Cutter $18.00-23.50.
Good and Choice calf carcasses wander 300# sold from $31.00-39.00 in California,
and out of stock in the Northwest; Commercial down to $28.00 at San Francisco; Good
and Choice veal under 150# $32.00-42.00 at all points; Commercial down to $31.00 at
Los Angeles. Choice and Prime spring lamb carcasses cashed from $43.00-48.00. Fresh
pork loins under 16# brought $47.00-55.00; shoulders under 16# $28.00-38.00; spare-
ribs under 3# $42.00-50.00; fresh skinned hams under 16# $48.00-55.00; Boston butts
under 8# $35.00-44.00; smoked skinned hams under 18# $51.00-59.00; slab bacon under
8# $32,00-44.00; sliced 1# packages of bacon $41.00-51.00; lard in 1# cartons
$14.50-19.00.





563


WHOLESALE DRESSED MEAT PRICESt WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds


Classification


Beef -
Steer -


C


Ve
I
C

Sp
P

C


Prime 600-700#
700-00
Choice 500-600
600-700
Good 400-60p
Standard 350-600
ow, all wts. -
Commercial
Utility
ial -
rime 90-120#
choice 90-120
;ood 90-120
ring lamb .
Prime 30-45#,
45-55
choice 45-55
55-65


Good, all wts.
Pork Fresh -
Loins 8


Butts
Pork Cured -


-12#


-216
t-8+


Hams, sik. skd. -
12.16
16-18
18-20
Bacon, smk. slab -
6-.4
8-10
Sliced, 1# pkg.
Picnics, sak. -


4-08
Backs,D.S. 16-20+
Lard, 1* cartons -
Refined
Substitutes

Note: Quotations


New York Chicago

s July : June : July : July : June : July :
: 7 : 30 : 9 7 :30 : 9 :
S19.5. :_156 1 169 55__1956 1 196_:_15


39.00
37.50

37.75
33.75
5-

28.25
26.50

38.00
33.00
29.50

49.25
52.25
52.25
50.50
43.25

49.75
48.50
37.50


50.50
46.50



33.50
43.00

30.00
16.00


37.50
37.00

35.25
32.25


28.00
26.50

39.50
33.00
29.50

43.40
46.30
46.30
46.20
36.10

42.10
40.10
37.00


52.00
46.50



34.50
42.50

30.50
15.50


37.40
37.40
35.60
35,60
33.05
30.95


39.94:
39.94:
37.44:
38.12:
35.81:
--s0


San Francisco
July : June : July
7 : 30 : 9
19_56_,_s9_56 1 19_5


37.50
36.00
35.00
31.00


-.s 26.50
-: 23.50


.-$
40.50:
-s
39.50:
35.50:
--s:

30.00S
27.00:

39.50:
37.00:
32.50t

49.75:
48.75:
48.75:
--s
43.50:

50.88:
44.62:
41.00:


54.00:
50.50:
-.s


45.501
52.50t

36.00:
16.00:


37.88
37.88
37.12
37.12
34.38
29.50

--


38.50
34.50
32.50

50.81
50.81
50,81
50.56
43.50

48.06
45.38
33.00


54.12
55.38
55.25

36.38
34.50
42.75

35.00
11.50


39.00
37.00



44.00
42.00
38.00

52.75
52.75
40.00


57.50
55.50


42.00
40.00
46.00

32.00


37.50
36.00
34.00
31.00

26.50
23.50

-0.
39.00
37.00

--
46.00
45.00
43.00
40.60

49.20
49.20
40.00


57.50
55.50
-- M

42.00
40.00
46.00

32.00
--0


C-
41.00
39.00
37.75
-000

29.00
25.50

mm
41.00
39.00

200
42.00
42.00
40.00
38.00

54.00
51.00
45.00


57.00
55.00
mm

54.00
50.00
55.00

36.00
-ma


16.75 16.50 16.00s 14.75 15.12 15.50: 18.50 18.50 19.50
-- -s 30.25 30.50 27.00: -- .-
at New York exclude locally dressed meats.
at New York exclude locally dressed meats.


38.50
34.50
32.50

45.60
45.60
45.60
44.50
41.10

42.85
39.50
33.00


54.20
54.70
54.75

35.85
34.15
42.55

33.55
12.50


40.50:
37.25:
35.25:

48.75:
47.50:
47.50:
--,.
45.00:

50.25:
42.75:
39.12:


55.12:
55.75:
54.50:

49.88:
48.00:
54.00:

40.75:
12.50:





564
BOSTCO WOOL MARKET REVIEW
Although most vertical mills were closed for annual vacations this holiday
week, a continued good volume of greasy domestic worsted wools amounting to ap-
proximately thirty.two cars was turned. Prices held firm and unchanged with a
fair to good demand for most grades. Reports from the territory States indi-
cated most wool had moved out of growers hands, either into consumption or on
consignment, while topmakers and dealers were buying up wool rapidly in Texas.
Most of the fleece wool clip had been sold.
Cabled reports from Australia at midweek showed quotations about unchanged
compared to a week ago with general competition. Asking prices in Buenos Aires
were sharply higher than a week ago while Montevideo trade remained quiet.
On June 21 the Departmert of Agriculture announced the payment rates for
1955 wool incentive program. Shorn wool payments will amount to 44.9 percent of
the dollar return each producer received from the sale of shorn wool during the
1955 marketing year. The wool incentive payment rate of 44.9 percent is the
amount needed to bring the average return per pound of shorn wool up to the
incentive level of 62# per pound. The average price producers received for
shorn wool marketed during the 1955 marketing year was 42.8 cents per pound.
Fleece Wools Graded fine staple Delaine wool sold at $1,35 clean basis
and graded fine, good French combing and staple fleeces brought about $1.25
while graded 60/62s and 60s good French combing and staple moved in a range
from $1.15-1.18 clean. A graded 60/62s fleece clothing wool sold at a clean
cost of $1.08. Graded 56/58s good French combing and staple fleeces brought
$1.05 while average French and average to good French combing 56/58s moved at
$1.00 and 1.02 and medium grade baby combing fleeces at 52-530 in the grease
sold around 96-98#. Graded 48/54s average French combing fleeces brought 98#
clean basis while 48/50s fleece staple wool moved around 96f.
Territory Wools Graded 64s good French combing and staple territory wool
sold at $1.32 clean basis while 56/58s good French combing and staple brought
l1.12 while ranch type 56/58s wool moved at t1.09.
Texas Wools Graded 64s good French combing and staple choice Texas wool
sold at $1.40 clean basis.
Mohair Adult spring mohair sold in Texas at 861-87# to the warehouse.
Contracting of fall mohair continued on a small scale at 81 for adult and
$1.01d for kid hair.
Sales of CCC Wools The Commodity Credit Corporation announced on July 6
that approximately 3,184,000 pounds of C.C.C.-owned wools were sold from bids
received on a total of about 10,228,000 pounds. This was the most wool bid on
since February and the most wool sold at one sale since January. The principal
grades, quantities and sales price ranges (before discounts, if any) follows

Pounds Price Rane
Graded territory fine staple and good French 25,571 $1.321
average and good French 338,007 $1.255- 1.331
S" short French and clothing 142,891 1.07 1.091
*" 1/2 blood average and good French 823,555X 1.05 1.10
1/4 staple & good French 48/50s 41,766 1.05375
Original bag territory good French and staple 84,936 1.285- 1.292
Graded fleece fine staple and good French 46,931 1.255- 1.271
average and good French 46,152 1.10 1.11
S" 1/2 blood average and good French 24,964 1.02 1.03
3 1/2 blood short French and clothing 41,1471 .872- 1.03
U 3/8s staple and good French 681,112 1.071
S1/4 staple and good French 48/50s 651,578 .96 1.00
I No more of this class now left in inventory.





565


THE LIVESTOCK AND MEAT SITUATION
Approved by the Outlook and Situation Board, June 29, 1956

Summary

Hog production is declining while cattle production continues at record
levels. Slaughter of hogs and of sheep and lambs this summer and fall will
probably be below the same period last year while cattle slaughter may at
least equal last year. Total meat output will drop under year-earlier levels
toward the end of the year, but production for the year will set a new high.
The 1956 spring pig crop was 8 percent smaller than the 1955 spring crop.
Also, producers planned on June 1 for 7 percent fewer sows to farrow this fall
than last. If these plans are realized, the 1956 pig crop would total 88 million
head, compared with 95-1/2 million last year and the recent low of 78 million in
1953.
Early spring farrowings were increased over last year, but late spring
farrowings were reduced sharply, especially in the Western Corn Belt. That
region plans relatively large outs for fall pigs also,
Hog slaughter was still above last year's rate in late June. Around mid-
summer it will probably be below that of a year earlier, and during the final
months of the year should be significantly smaller than late in 1955.
Further seasonal price advances for hogs this summer will likely be
limited by volume marketing of early spring pigs. The seasonal decline this
fall will be less than the sharp reduction of last fall. Hog prices will likely
be above 1955 prices during most of this period with the widest margin over a
year earlier expected at the year's end.
Cattle slaughter in the first half of 1956 averaged about 4 percent above
the corresponding period of 1955. It included more steers, slightly more
heifers and fewer cows. Total slaughter in the second half is expected to
equal or exceed the last half of 1955, but the quantity of beef is less likely
to increase since carcass weights will be considerably lighter. Second half
slaughter will include more cattle off grass and fewer from feedlots. This
points to probable seasonal increases in prices for fed cattle, which may climb
above their prices of a year earlier. Prices for grass cattle will decline
seasonally. They are currently below last year and may stay below for a time.
Reluctance of feeders to fill feedlots because of unsatisfactory profits last
winter has been a price depressing factor. Feeder cattle prices this fall will
depend not only on feeders' confidence, but also on range and crop conditions.
Relatively small sh6pp and lamb slaughter in May brought a sharp rise in
prices. Spring lambs made up a sizable part of total marketing at that time.
Seasonal price declines are in prospect for the summer and fall as marketing
off grass expand. Barring unusual drought conditions, marketing the rest of
the year will likely average close to or slightly below a year earlier.
Total production of meat this year will probably be large enough to
provide about 162 pounds for consumption per person, a pound more than last
year. Consumption of beef is likely to rise about 2 pounds to around 83
pounds, the fourth new high in a row. Consumption of pork may decrease about
1 pound to 65 pounds.





566 3 1282 08734 4767
SHEEP AND LAMBS CONTINUED FROM PAGE 549
under $17.50. Cull to Choice shorn slaughter ewes cleared at $2.00-5.50, mostly
$3.00-5.00. Medium to Choice feeder lambs brought $15.00-19.00. A few shorn ewe
lambs sold up to $19.50 on country account, while two and three-year-old breeding
ewes brought $9.00-12.00 and full-mouthed ewes 05.00-8.50.
WESTERN LIVETOCK REVIEW
Slaughter steers, heifers and cows sold strong to 50# higher at most western
terminal markets. The advance on steers was influenced in part by a strong to $1.00
higher trend in wholesale steer beef. Calves and vealers sold largely steady on
slaughter account. Barrows and gilts closed weak to 25# lower at North Portland
and steady to 50# higher at other markets. Late sales of slaughter spring lambs
were steady to $2.00 higher than a week earlier.
Several loads of high-Choice and Prime fed steers cleared from $22.25-23.25,
bulk Choice steers up to 1200# $20.50-22.25, most Good offerings $18.00-21.00,
Standard $16.00-19.00. Choice fed heifers brought $20.00-22.00, Good $17.25.
19.25. A few Standard grade cows cashed at $14.50-15.50, Commercial $12.00.14.50,
Utility $9.75-12.50, Canners and Cutters $7,00-12.00. Choice vealers sold at
Ogden from .20.00-22.00, bulk at other terminals *18.00-20.00, a few $21.00. Good
and Choice slaughter calves cashed from $16.00-19.50; Commercial $14.00-17.00.
Most Good and Choice stocker and feeder steers up to 1000# sold from $16.00-18.00,
some 550-600# $18.50 at Stockton, Medium and Good $14.00-16.50.
In the direct trade out of California feedlots most Choice steers up to 1200#
brought $20.50-22.25, Good $18.50-20.50, some of these carrying a few of Standard
grade. Several loads of Good and Choice slaughter calves cadhed at $17.00-18.00,
vealers sparingly to $20.00. Good and Choice stocker and feeder steers earned
$16.00-17,50, heifers of the same grades $15.00-16.25.
U. S. No. 1 to 3 180-240# barrows and gilts brought $18.75-19.75 at North
Portland; $17,00-18.75 at Los Angeles; $18,50 at Stockton; $18.25 at S. San Fran-
cisco; $17.50-18.25 at Spokane; $16.75-17.85 at Denver, and $17.00-18.00 at Ogden.
Choice and Prime 83-113# slaughter spring lambs sold from $23.50-24.50 at
Denver, Good and Choice *20.50-23.50; Choice and Prime at Ogden $22.00-23.50; at
San Francisco $22.50, with Good and Choice elsewhere from $19.00-21.00. Choice
and Prime shorn spring lambs sold up to $21.50 at S. San Francisco, Good and
Choice yearling wethers $17.00-18.00,
----------------------------------------------------






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