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0 'ITED ASTATIS DfPARThtfE 0? OF AGRICULTURE
,l ^y ^ t." "--BUREAU OF AGRICULTURAL ECONOMICS
WEDNESDAY DECEMBER 12, 1928.
CATTLE FEEDING.SITUATION DECEMBER 1,1928.
The most significant development in the cattle feeding situation during
November was the marked falling off in the demand for stocker and feeder
cattle as compared to what it had been during the proceeding four months.
As a result of this development prices declined to the lrrest level of the
year and for the first month since July this year the movement of unfinished
-cattle into the feeding States wasa below th-'t of the corresponding month
of 1927. By the end of November the prices of stocker and feeder cattle
had declined to the level prevailing at the end of November, 1927, while
for the other months of 1928 prices had been materially above corresponding
monthly prices of 1927.
The movement of stocker and feeder cattle through markets into the
Corn Belt States in November was about 12 percent less than in November,1927,
and was the second smallest November movement in ten years. The totgl move-
ment for the five months, Juli to November, this year was about 20 percent
larger than for the same period last year and bout equal to the movement in
1927 and 1926. Practically all of the increase this year over last was
into the area west of the Mississippi River. The movement into the area east
of the river, while a little larger than last year, was much below that of
any other year since 1921.
Records from four leading livestock markets show that there was little
difference in the kind of cattle taken out as stockers and feeders for the
five months, July to November, this year, from last. The proportion of
feeding steers, 800 pounds and up, was about the same as last year, but with
some increase in those over 1,000 pounds, and a decrease in those from 800 to
J.900 pounds. T.br was an increase in the proportion of cows and heifers and
also of calves. Since the total movement of cattle this year was larger
the actual numbers of all of these kinds were larger, the number of steers
800 pounds and up being about 10 percent larger.
While there possibly has been some increase in the marketing of short
fed cattle this year compared to last this increased movement of feeder
cattle indicates an increase in feeding in the Corn Belt this winter. Reports
from feeders in these States also indicates an increase, Reports from most
of the western States indicate a material decrease in cattle feeding this
winter compared to last.
Early in January an estimate will be issued of the number of cattle
actually on feed for market in different areas and different States compared
to last year.
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