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:
AA00012178:00016

Related Items

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


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LumId LIVESTO K, DIVISION Week.





MARKET REVIEWS AND STATISTICS
t, Vnl. 24, No. 18 May 1, 1956
Week ended April 28
Page
Livestock Market Reviews ...........* 348
Livestock Market Receipts 350
Feeder and Stocker Statistics . 350
Steer Sale Statistics . a a 351
Estimated Slaughter and Meat Production 352
Slaughter at Major Centers. 353
Cattle Prices . 354
Hog Prices . 355
Hog Purchase Statistics . 356
Sheep and Lamb Prices 357
Estimated Percentage of Feeder ana Stocker Cattle and
Slaughter Cows in Salable Receipts. ..... 357
Wholesale Meat Trade Reviews . 358
Wholesale Meat Prices . 360
Wool Market Review 361
Special to this issue
Federally Inspected Slaughter and Revised Estimates of
Meat Production, by weeks, March 1956 353
Farm Production and Income from Meat Animals, 1955. 362
Prices Received by Farmers, April 15, 1956. 363
Effective Parity Prices, April 15, 1956 363
United States Federally Inspected Slaughter and Meat
SProduction, March 1956. . 364
Classification of Livestock Slaughtered in the
United States, March 1956 . 365
Percentage Distribution, by Classes, of Cattle
Slaughtered under Federal Inspection, March 1956. 365
Total Meats, Meat Products, and Pyproducts Graded or
Certified, March 1956 . 352
^ROF^\.
U. S. DEPARTMENT OF AGRICULTURE
AGRICULTURAL MARKETING SERVICE 4
LIVESTOCK DIVISION
Washington 25; D. C. .. I


ail-VAgI




348
MIDWEST LIVESTOCK MARKET REVIEW

Cattle receipts were largest since the second week of January. Wholesale
beef prices showed some strength and demand for fed cattle broadened despite the
increased run. Bulk of the slaughter steers and heifers sold steady to 50# high.
although at a few markets where receipts were especially large, some late steer
sales were steady to 50# lower. Hog marketing increased for the second straight
week. Outlet was fairly broad, however, and prices of butchers held steady to 25(
lower after approaching the season's highest levels at some markets at midweek.
Old crop slaughter lambs advanced 50-41,50 with spring lambs $1,00-2,00 higher a
midwest markets.
SLAUGHTER CATTLE AND CALVES
Combined receipts of cattle at 12 markets reached the highest count since
mid-January with numbers approximately 10 larger than the previous week. Con-
tributing factors were continued dry weather over much of the midwest, late
developing pastures, higher corn costs, and, in some areas, tax assessment on
ilMay 1 was an added inducement. Slaughter steer prices were very irregular. Some
terminal markets were hampered by the increased numbers even though wholesale
dressed beef generally showed strength. Evidence of the unevenness, Prime steers
at Chicago were steady to 50# lower, average to high-Choice steady and lower grades
steady to 50# higher. At Omaha and South St. Joseph, average Good and better were
steady to 500 higher, others week to 50# low1cr At Sioux City high-Choice and
Prime were steady, other grades weak to 50# lower. Prices at most other centers
were steady to strong after regaining declines registered on Monday when supplies
were largest of the week. Heifers sold mainly steady to 50# higher. Liberal cow
receipts found prices ranging from steady to 1l.00 lower, largely 25-50# off.
Bulls were steady to 754 lower. Except for a dollar decline on vealers at Chicago,
calves and vealers were steady to 1l.00 higher, instances t2.00 up at St. Louis
National Stockyards.
An increased showing of Good and low-Choice short-fed steers and decreased
numbers of high-Choice and Prime steers with extreme weight resulted in lighter
average weights of slaughter steers than in the previous week and lightest in
several months at some centers. For example, the average weight at Sioux City was
1108, the lightest since mid-January.
Most Prime steers at Chicago brought 423.00-25.00, with 1600-1700# offerings
at $22.00-23,00, and a load of average to high-Prime 1191# reached t27.00. Prime
1211# steers brought t24.75 at Omaha, Prime 1292# t24.00 at Sioux City, and at
South St. Paul, Prime 1179# steers brought 423.50. Choice steers at midwest mar-
kets bulked from 1t8.50-21.00, Good and low-Choice 516.50-19.00. Good and Choice
heifers at Corn Belt terminals bulked at 1l6.00-20,00, Prime 1075# reaching $22.00
at Chicago. Good and Choice vealers sold at South St. Paul and St. Louis National
Stockyards from t18.00-22.00, high-Choice and Prime at the latter market from
t22.00-26.00.
STOCKER AND FEEDER CATTLE AND CALVES
Marketings of stocker and feeder cattle and calves continued fairly large for
this time of year. Shipments of steers to the country from the 10 markets during
the week totaled 17,049, compared with 15,074 the previous week and 20,271 a year
ago. In addition, dealers at several markets went into the weekend with a larger
than normal number still on hand. Yearling stock steers again predominated.
Quality asia whole was below that of the previous week. Numerous shipments of
Good to low-Choice stockers were offered but not many showed sufficient quality to
grade average-Choice or better. Only a very limited number of Choice calves was
marketed and Choice fleshy 800-1000- feeders also were rather scarce. In some
instances, dry weather forced cattle into market. While the number of such offer-
ings has not yet reached sizable proportions, sub-normal moisture conditions over




Y .349
a large part of the country influenced a relatively poor springtime demand for
stockers. At the same time, recent upturns in the price of corn along with water
shortages tended to slow the demand for feeders. Consequently, trading at most
markets was slow at unevenly steady to 500 lower prices, stockers occasionally
$1.00-1.50 lower. Feeder steers seldom showed more than a 500 decline and often
were near steady. The average cost of t17.31 for all stocker and feeder steers
500# up shipped to the country from Kansas City was $4.07 under a year ago, while
the average price of $18.45 for all fed steers sold there was $3.33 lower than a
year ago. Thus, the price relationship between fats and feeders appeared more
favorable than earlier this season. However, due to increased feeding costs in
recent weeks, the price relationship is still not considered overly favorable. A
few loads of Choice yearling stock steers sold from t19.50-20.00, majority Good
and Choice yearlings $15.50-19.00. Bulk Good and Choice feeder steers 750# up sold
from $15.50-18.50, few t19.00. The same grades of steer calves ranged from $16.00-
21.50. A few Choice yearling feeder heifers sold from .17.00-177.0, heifer calves
$18.00 down.
HOGS .
Combined 12 terminal market End Interior Iowa-Southern Minnesota salable
hog receipts were the largest since the forepert of March and about 24 percent
larger than for the comparable week last year. Strength predominated in an active
wholesale fresh pork trade and clearances were good. Shipping demand for hogs
varied from moderate to good, but packers competed aggressively throughout the week
for the increased run, and price changes were small, Compared with the previous
Friday, butchers closed mainly steady to 250 lower, although at midweek prices at
some centers approached the season's highest levels. Sows were mostly steady to
strong. All interests competed for U. S. No. 1 and 2 butchers and these sold 25-
750, instances $1.00 or more, above lots of comparable weights grading No. 2 and 3.
Prolonged dry weather and higher corn prices influenced larger marketing of light-
weight butchers at some points, and weights under 180# sold $1.00-2.00 below most
190-240#. Sows made up from 5 to 144o of total receipts, but weights under 350*
were in very small supply.
Stocker and feeder'pigs were fully steady at Sioux City where Good and Choice
120-150T sold from $12.50-13.00. Bulk of the same grades and weights brought
$13.00-14.00 at South St. Paul. The few Good 130-140e pigs at Kansas City cashed
from $12.25-12.50. Medium and Good 70-140; feeders sold steady at Memphis from
$9,50-11.50.
SHEEP AND LAMBS
Receipts at the 12 markets showed little change from the previous week, but
were 30 percent smaller than the corresponding week of 19E5, Slaughter lambs sold
sharply higher, with prices in instances highest in a year or more. Advances of
50#-$1.50 were common on old crop offerings with spring lambs at most points $1,00-
2.00 higher, new-crop lambs advancing t2,00-4,00 at Fort Worth, Feeder lambs were
scarce and little changed, but slaughter sheep sold steady to 504 lower. Continued
reduced receipts compared with a year ago proved-the main bullish factor in the
slaughter lamb trade. Shorn lambs and new-crop offerings made up an increased
proportion of the receipts. Good to Prime spring lambs sold at t20.50-25.00.
Wooled lambs of the same grades realized $19.00-22.50, mainly $22.00 down, includ-
ing high-Choice and Prime 118# lamb at %21.50,' Good to Prime shorn lambs carrying
No. 2 to summer shorn pelts brought 18.00-22.50.. Scme with No. 1 pelts reached
$22.00 late and 120# weights cashed at 421.00, The price spread between wooled
and shorn lambs all but disappeared as the higher dressing percentages of the
latter tended to offset the difference in pelt credits. Cull lambs sold down to
around $12.00. Shorn slaughter ewes bulked at $2.50-6,50, some freshly shorn Culls
$2.25. Good and Choice feeder lambs cashed from $15.00-17.50.


Continued on page 366.




750


Market


Chicago---.---..
Cincinnati........
Denver...-........
Fort Worth .......
Indianapolis.......
Kansas City-.----
O '-l .oh r: C -y.. .
Jmaha ...........-
St. Joseph .......
St. Louis NSY....
Sioux City--------
S. St. Paul..--...


WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS
-r--------- ---------
r------ i l ii ; ------------- Cl i "i ii ------- --- -------- i ---- ----
S Cattle i Calves Hogs Sp
------- ---- ---- ----- -- -- --* -- -*- -I_* .. --- I -- i I --- -.I
Apr. Apr. Apr. Apr.. Apr. Apr. Apr. Apr.
28 30 28 30 28 30 28 30
1956 1955 : 1956 : 1955 : 1956 : 1955 1956 .1955
-- - ------ t---------------------- L -- --I -
50,773 52,145 2,027 1,999 52,046 41,762 9,059 17,2&9
-. 3,879 4,621 1,335 1,449 14,218 13,175 281 328
16,236 17,058 814 1,120 3,153 2,708 14,941 15,661
-. 8,247 13,339 1,468 2,541 3,512 2,489 34,796 49,33
.. 9,554 10,392 1,214 1,360 53,288 43,695 620 646
-. 22,645 21,482 1,489 1,803 13,528 7,858 11,831 13,515
-. 11,240 12,68C 958 1,333 4,777 2,886 234 4,824
- 42,18 46,949 913 885 43,472 39,997 9,926 15,596
.. 16,301 16,099 1,285 819 30,322 24,234 3,731 4,004
-- 21,211 17,461 3,790 3,918 67,307 45,307 1,642 3,327
- 25,744 27,226 470 316 32,769 28,836 2,282 3,883
S24,470 26,971 9,271 9,769 53,603 52,082 3,456 5,410


Total.--....--......--252,488 266,423 25,034 27,322 372,015 305,029 92,799 133,532
Apr. 21, 1956 230,349 23,340 346,357 90,737
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
Apr. 28, 1956 .....-- ..- ...-- 355,500 21,100
Apr. 21, 1956 -----------.. 329,500 23,100
Apr. 30, 1955 -......----..-- 280,000 26,300
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT, AND NUMBER
Week ended Month Three months
S- ".- -- .--- -. .- "-.- -.---- -- ..--- -- "'-- --
Apr. 26 :Apr. 19 :Apr. 28 Mar. Mar. Jan. Mar.
1956 : 1956 1955_ 1956 1955 1956 !1955
Steers 001 up 358 567 692 1,486 3,143 4,877 7,285
901-1000 1,315 1,085 2,119 6,303 9,474 17,911 26,287
801-900 2,335 1,718 3,192 10,939 14,470 37,321 40,641
701-800 3,439 2,851 3,381 13,421 13,787 41,770 42,279
501-700 9,602 8,853 10,887 39,354 45,607 106,587 116,535


Total steers 10 mkts.
Av. wts. "
Av.oet*f ," "
" "Chicago
" Ks. City
" Omoba
" S. St. Paul
Sioux City
"Denver
"Ft. Worth
l" Okla. City
P S. St. Joseph
'" Natl. Stk. Yds.
Total calves-10 mkts.


17,049' 15,074 20,271 71,503 ''86,48"'1 208,466" 233,0"27
693# 696# 7160 7024 716# 711# 719*
$17.02 $17.38 $20.33 $16.82 $20.41 $16.67 $20.00
18.37 18.52 20.84 17.22 20.18 16.97 20.07
17.31 18.15 21.38 17.44 21.28 17.20 20.75
16.62 17.14 20.18 16.66 20.54 16.47 19.97
15.76 16.30 19.32 15.59 18.65 15.20 17.98
17.26 17.43 20.39 17.49 20.89 16.93 20.40
17.37 17.30 21.09 16.02 21.26 17.30 21.92
16.63 16.87 18.59 16.33 19.83 16.31 19.06
15.97 16.61 18.80 16.18 19.97 16.27 19.18
16.11 16.53 19.70 16.65 20.28 16.46 19.78
16.94 17.09 19.76 16.16 18.98 16.15 18.76
4,604 4,306 7,912 19,304 30,435 72,375 95,561


cows.
heifers, blls-" 3,922 3,465 4,680 11,143 15,810 34,968 46,467
* Hot adjusted for differences in grade of cattle sold at each market.





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
Percent of A .*. Average price
Average weight A
Number of heod total u in dollars
roa I (pounds) per 100 b.
Grade Week ended
S ....... .---- ......... .............................
Apr. Apr. Apr. Ar .
26 19 28 2 28 228 2C 19 28 26 19 28
I I S I I
1956 1956 1355 1956 1956 1955 1956 1956 1955 1956: 1956: 1955
-------CHICAGO--------------------- --- I ------- -- --------------
CHICAGO.


I


Prime
choicee


Good
CoI'l.
Utility
All grades

Prime
Choice
Good
Coi'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
CoI'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All gmdes


1651 1426 1183 5.1 4.9 3,5 1297 1298 1276 23.38 23.52 27.67
17827 18351 21365 54.6 52.9 62.7 1194 1183 1140 20.47 20.17 24.25
11138 7386 9186 34.1 25.3 27.0 1041 1033 1013 18.41 17.93 21.36
1710 1825 1963 5.2 6.3 5.7 938 1013 985 15.97 15.77 17.87
309 173 373 1.0 .6 1.1 1009 953 884 14.34 14.14 15.57
32635. 29161 34070 ..2. 1139 1098 1J ?A..1. 2,2.3..26.
-- --- --- ------ --- --- --------- 1) 2 --11 -q Q2 12575 23. 26
OMAHA 1/ ... .... .... .. .
328 156 168 1.8 .9 .8 1325 1376 1284 22.41 21.91 26.42
1C 71 9293 11869 55.9 53.6 54.8 1159 1183 1120 19.29 19.22 23.10
6545 64 5 7469 35.3 37.5 34.5 1013 1040 1007 17.45 17.60 20.83
972 1031 1645 5.2 6.0 7,6 966 978 974 15.30 15.42 18.04
343 355 509 1.8 2.0 2.3 887 861 ?32 13.66 13.43 15.80
18559 17330 21660 1096 1112 1067 1849 18.39 21.89
....-..------ -------------- --------.----- ---------- 9 .............. .
SIOUX CITY 1-
234 97 54 2.1 1.3 .4 1290 1420 1197 22.36 21.52 26.43
"3"2 4985 6014 64.4 67.0 54.6 1154 1160 1132 19.38 19.33 22.95
2974 1874 4066 26.0 25.2 33.6 1006 1025 1045 17.31 17.44 20,86
701 410 1126 6.1 5.5 9.3 1020 1037 95915.46 15.71 18.18
164 77 252 1.4 1.0 2.1 961 973 1020 14.10 14.08 15.78
4 .. 7443 12112 1108 1120 _1085 1.67 18.70 21. 7
.................... ANSAS CITY 1/
16 68 74 ,3 1.1 1.6 1429 1267 103321.00 21.39 26.20
2146 2823 '1632 36.3 43,6 34.3 1117 1093 1074 19.72 19.40 23.57
2313 2905 2421 55.0 44.9 50.9 1054 1046 101917.94 17.99 21.33
399 531 604 6.8 8.2 12.7 1054 1005 943 15.60 15.52 17.84
36 140 23 .6 2.2 .5 1023 1060 94913.97 13.99 15.68
5912 64C7 4754 1077 1066 1028 3.845 18.39 21.78
........ ............ ........................ ......1..O ..... ..... ...... ..... 7..
ST. LOUIS NSY 1/
19 -- -- .2 -- -- 1117 -- --22.50 -- -
2369 2241 828 28.0 32.6 15.8 1094 1076 108319.43 19.22 24.27
4209 2702 3101 49.6 39.3 59.0 1304 1011 99617.84 17.72 21.80
1566 1519 1212 18.5 22.1 23.0 928 955 91716.28 16.23 19.38
316 408 115 3.7 6,0 2.2 909 858 81914.57 14.59 16.50
-4' .. 682.0. 5.2,59 1012 12 98712.96 17.77 21,61
---------- 101 -- --- -- 9L .
S. ST. JOSE PH 1/
49 25 62 .8 .4 .8 1399 1165 1187 21.28 21.00 25.21
3358 2858 3480 54.6 47.6 47.5 1113 1130 111119..14 19.19 23.68
1952 2343 3334 31.7 39,0 45,5 1067 1048 992.17.20 17.68 20.72
688 722 .768 11.2 12.0 5.0 1027 969 945 15.60 15.70 17.43
102 59 88 1.7 1.0 1.2 904 860 857 13.02 13.30 15.21
6149 6007 7332 1086 1076 1046 18.10 18.20 22.05
Continued.





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
-.............. .........-.............-..... .. .. .... -- ----------- ------------
Percent o1 f Average price
Average weight
Number of hood total (u in dollars
'(pounds) *
by grades per 100 lb.
Grade -- --------------------- ------- eek ended--------- ------------
.....----.. --. .. -----..... -.. ------- ----. ----.----------.-.- -------.--------
apr.: : Apr., : Apr. "'Apr.
6 19 28 26 19 28 26 19 28 26 19 28
1956, 1956: 1955: 1956: 1956 956 1956195 I 156 1955 1956: 1956: 1955
-.- .-.--- - L- - ---- ----.- .-- -----.- .. ^^ ----------------------... ... ...
DENVER j/
Prime 91 -- 193 1.3 -- 3.1 1247 -- 1244 21.14 -- 26.50
Choice 4936 4239 4722 69.9 65.6 74.7 1157 1127 1109 19.50 19.22 23.94
Good 1893 2154 1200 26.8 33.3 19.0 1059 1034 1072 18.12 18.19 21.76
Com'l. 97 72 203 1.4 1.1 3.2 1042 991 1006 15.36 15.87 16.71
Utility 46 -- -- 6 -- -- 951 14.31 -- --
All grades .... 63 6465 6318 1129 109.5 1103 19.10 18, 86 23.42
I/ These summaries developed from data collected on marketing of fed cattle by the Agricultural Estimates
Division.

ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
Beef Veal Prk Lamb and i Total Total
eekl (excl. lard) muttonTol Total
ee ------------- ----------- --------------- ... meat : lard
ended um- Prod. Num- Prod. ,Num. Prod. P rod prod. prod.
ber ber ber ber
1,00 m000 lb. O000 milt. lb. ,000 i. l. lb. 1000 _ml. jIb mil. Ib.
Apr. 28, 1956 387 212.1 147 17.2 1,369 160.3 271 13.0 422.6 47.2
Apr. 21, 1956 373 204.8 148 16.9 1,247 165.2 281 13.5 400.4 45.5
Apr. 14, 195613- 3F5 197.0 145 16.2 1,191 157.2 276 13.2 383.6 40.9
Apr. 30, 1955 376 202,3 141 15.9 1,069 146.8 313 15.0 380.0 36.6
Percentage change from:
Apr. 21, 1956 +4 +4 -1 +2 +10 +9 -4 -4 +6 +4
A.r, 30 1955 +3 +5 +4 +8 +28 +23 -13 -13 +11 +29
........ ......------ ------......8_. ._--------------------------------------------
*-----------------------------------------------
9 ^Average weights (Ib.) Lord
Week Cattl i C Sheep and : yield
a Cattle Calves Hogs l per
ended : : lambs per
- -- -- -- --I 1-. "I I -- --1- ; 8 1 0 .
...--.----------- L ve Dressed Live DreDssed2 Live -..: Dressed.. 100 b...
Apr. 28, 1956 990 548 210 117 236 132 98 48 14.6
Apr. 21, 1956 995 549 205 114 235 132 99 48 15.5
Apr. 14, 1956 1,005 555 200 112 234 132 100 48 15.4
Apr. 30, 1955 964 538 204 113 245 137 99 48 14.0
1/ Actual slaughter and revised estimate of production. 2/ Excludes lard.
TOTAL EATS, MEAT PRODUCTS, AND BYPRODUCTS GRADED, OR CERTIFIED AS
COMPLYING WITH SPECIFICATIONS BY THE U. S. DEPARTMENT OF AGRICULTURE
: : Veal : Lamb :All other :Gr
Month : Beef : and : yearling : Total : meats : total
S: calf :and mutton: :and lard :
11 l 00- 11 00. o1 000 1OOiY L .OOof l000
March 1956 619,350 18,120 22,047 659,517 12,303 671,820
February 1956 562,778 16,542 22,557 601,877 12,761 614,638
March 1955 498,020 19,832 23,063 540,915 14,104 555,019






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

Chicago Kansas City Omaha
7 --"t"''----l---------- r---~---- i--- ---------
Classification : Apr. Apr. Apr.
28 21 30 28 21 30 28 21 30
1956 1956 1955 1956 1956 1955 1956 .1956 1955
Slaughter cattle, calves and vealers


Steers -
Prime 900-1100#
1100-1300
Choice 900-11 CO
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 & V
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd. "
Cows All weights -
Medium & Good
Calves 300-500# -
Steers -
Good & Choice
Heifers -
Good & Choice


24.08
24.22
20.95
20.95
18.22
15.82


19.42
17.38
15.02

13.40
12.10
10.75

13.10
15.24

24.20
18.70

20.50
15.75


24.25
24.25
20.80
20.68
17.98
15.58


19.18
17.25
14.88

13.38
12.12
10.58

13.25
15.30

24.50
19.00

20.50
15.75


27.25
28.08
24.45
24.45
20.88
17.75


22.15
20.08
17.40

14.70
12.92
11.10

14.00
15.68

25.90
20.40

21.00
16.50


:22.22
: 21.98
:19.95
:19.70
:17.45
:15.30


:19.30
:17.14
: 14.72

:12.38
:11.28
: 9.95


:13.50

:20.00
:17.00

:18.00
:15.00


22.55
22.28
19.92
19.80
17.40
15.42


19.15
17.05
15.00

12.70
11.90
10.80


26.15
26.40
23.82
23.82
20.68
17.52


22.05
19.14
16.10

13.98
12.48
10.90


:23.30
:23.30
:19.98
:19.98
17.05
:14.98


:19.38
:17.00
:14.60

: 12.25
:11.25
:10.00


-- -- :13.18
13.50 13.45 :13.74


20.00
17.00

18.00
15.00


22.50
18.00

20.50
16.50


:21.00
:16.50

:18.50
:15.00


23.08
23.08
19.82
19.80
17.15
15.12


19.30
16.92
14.75

12.50
11.50
10.25

13.25
13.90

21.00
16.50

19.00
15.00


26.60
27.10
23.62
23.62
20.28
17.95


22.02
19.45
16.40

14.25
12.48
10.45

12.88
13.75

21.00
17.00

19.50
15.50


Feeder and stocker cattle and calves


19.75
17.25
15,50

17.25
14.50


19,75
17.25
15.50

17.25
14.50


23.25
20.70
17.52


:19.25
:17.00
:14.75


19.75 :17.25
16.25 :14.50


19.75
17.25
15.25

17.25
14.75


23.25
20.75
17.75

19.75
16.75


:18.70
:16.30
:14.02

:16.68
:13.90


-- -- -- :11.50 12.00 11.62 :11.25


21.00 21.00 22.50 :19.50 20.00 22.25 :19.08


19.28
16.82
14.40

17.22
14.15


23.62
21.00
18.00

19.75
16.50


11.75 12.00


19.90 23.00


17.25 18.75 :16.18 16.80 19.75


17.50 17,50 19.50 :16.75





HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 355
In dollars per 100 pounds
--------------------------------------- In doli s--per-100 pounds ---------------------------------------
SInterior Iowa and
Chicago southern Minnesota Indianapolis
Classi--cati- ----------- ----------------------------------------------
Classification Apr. I Apr, .pr
29 21 30 28 21 30 28 21 30
1956 1956 1955 1956 1956 1955 1.56 1956 1955
** -_*_. ***_ _** -- .- W --*-*_--------------------------*----'-- --------------.*----------
Barrows and gilts -
U.S.No.1 160-180# 14.08 13.92 16.18 : 12.66 12.72 15.28 : 1,98 13,82 16,80
2 and 3 180-200 15.12 14.98 17.23 : 14.19 14.30 16.52 : 15.28 15.05 17.48
200-220 15.42 15.32 17.22 :14.66 14.72 1677 : 15,35 15.25 17.35
220-240 15,45 15.30 17.06 : 14,40 14.42 16.67 1 15.34 15.12 17,12
240-270 15.22 15.02 16.55 : 13,96 14.04 16,17 i 15,0 14.95 16.60
270-300 14.96 14.72 16.06 : 13.44 13.55 15.58 : 14.75 14.55 15.78
Sows -
300-330# 14,02 14.00 15.22 : 13.13 13.18 14,50 13.90 13.60 14.65
360-400 13.25 13.35 14.42 : 12.67 12.72 13.82 :13.25 12.92 14.18
450-550 12.32 12.35 13.18 :11,60 11.65 12,76 j1195 11.90 12,92
Pigs Stockerr and feeder)-
Gd. & Ch. 70-120# -- -- : -- --
.-...... ... .. -.-.......... _. ....................... .............. .. ...---.
Omaha St. LouisSioux City
I National Stock Yards Sioux City

Barrows and gilts -
U.S.No.1 160-180# -- -- -- 14,85 14.56 17,09 : --
2 and 3 180-200 15.32 15.25 17.25 : 15.42 15.16 17.34 :14.90 14.75 1r.85
200-220 15.32 15,25 17.25 : 15.36 15.16 17.24 : 15.15 15.03 16.98
220-240 15.32 15.25 17.22 : 15.34 15.16 17,00 :15.12 15,03 16.88
240-270 14.82 14.78 16.70 : 15.12 14.82 16.58 : 14.88 14.68 16.40
270-300 14.45 14.38 15.78 : 14.75 -- 16.08 : 14.10 13,95 15.55
Sows -
300-330# '13.55 13.50 15.12 : 13.38 13.32 14.85 : 13.75 13.70 14.68
360-400 13.18 12.98 14.40 : 12.98 12.95 14.52 : 12.88 12.80 13.98
450-550 12.22 12.00 13.62 : 12.12 12.15 13.45 : 11,90 11.i 12.80
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120# -- -- -- -- -- -- --
---------------------------------------------------------------------
S S. St. Paul Baltimore N. Portland
.*--------- -- ------------------- -------------- -------- --1--------------
Barrows and gilts -
U.S.No.1 160-180# 14.55 14.10 17.22 : 15.81 15.34 17.69 16,59 17.00 19.50
2 and 3 180-200 15.45 15.22 17.22 : 16,47 15.97 18.12 :16.97 17.12 19.91
200-220 15.45 15.45 17.12 : 16,47 16.00 18.12 : 16,97 17.12 19, 91
220-240 15.28 15.15 16.88 : 16.12 15.59 17.78 :16.72 17.00 19.75
240-270 15.12 14.98 16.30 : 15.56 15.00 17.16 : 15.62 16,00 18.75
270-300 14.08 13.78 15.62 : 14.22 14.03 16.25 : 15,25 15.38 18.00
Sows -
300-330# 13,45 13.12 14.78 : 12.28 11.88 14.47 : 14.00 14.00 16.75
360-400 12.58 12.65 14.02 : 12.22 11.88 14.47 12,75 12.25 15.88
450-550 11.95 11.75 12.78 : 10.69 10.62 11.53 : 11.50 11.00 15.00
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120# 13.50 13.25 17.55 : -- -- -- --




356
HOGS: AVERAGE COST. WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES I/
----------.-------------------------.-----------. -----------------------------
Louis Kan- S. S. 8-
Chi- Natl. sas O h Sioux St. St Indian- mkts.
Week ended Omaha Sioux t. Indian- mkts.
Week ended cago Stock City City Joseph Paul apolis corn-
Yards bined
-----------------------------
AVERAGE COST Dollars per 100 pounds
Barrows Apr. 28,1956 15.22 15.16 14.86 14.95 14.81 14.99 14.76 15.20 15.02
and Apr. 21,1956 14.98 14.95 14.72 14.85 14.62 14.84 14.67 15,06 14.86
gifts Apr. 30,1955 16.59 16.95 16.77 66.54 16.38 16.77 16.39 16.96 __1666
------------------------------------------------------------------------------
Apr. 28,1956 12.82 12.77. 12.59 12.93 12.69 13.08 12.72 12.25 12.72
Sows Apr. 21,1956 12.91 12.67 12.54 12.73 12.48 12.83 12.72 12.12 12.65
Ar. 30,1955 13.79 14.34 13.75 14. 01 13_60 14.18 _.~ 77 13... 1..0
AVERAGE WEIGHT Pounds
Barrows Apr. 28,1956 231 218 219 226 228 216 224 223 223
and Apr. 21,1956 232 219 218 226 230 216 224 224 224
gifts Apr. .301955 242-_ _219. _2..Q0 2? 9 2 9. 229. 3 233.. e .... 32..
Apr. 28,1956 420 402 403 383 383 385 387 444 404
Sows Apr. 21,1956 419 404 409 395 391 385 383 444 406
Apr. 30,1955 423 412 437 394 393 .98 379 452 407
NUMBER OF HEAD -
Barrows Apr. 28,1956 40343 60063 12623 34913 27785 26721 44205 45239 291872
and Apr. 21,1956 35860 57969 13164 34175 24936 29506 37956 38233 271799
gits Apr. .30955. 32016 40717 ___7122 .323.72 .699 2.2.. ,n.5. ...213.
Apr. 28,1956 6713 4077 671 5283 2918 2021 5289 4749 31721
Sows Apr. 21,1956 6162 3625 765 4418 2061 1976 4053 3949 27009
Apr. 3.01955 4353 2751 26 .. .558F. 2608. _1941 58.03 .4210 _..21.
SOWS Percentage of total
Apr. 28,1956 14 6 5 13 10 7 11 10 10
Apr. 21,1956 15 6 5 11 8 6 10 9 9
A--.-. A ir. 930, 55 ... ..12 4..... ..... .. 5 ...... .10 8..... ..-.....-.. ... I....1... .10Q
1/ Weighted average.
WEEKLY AVERAGE 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/
Apr. 28, 1956 .17.55 $15.12 +42.43
Apr. 21, 1956 16.99 14.98 + 2.01
_- Ap.T ,. m 30 g. 1 .. ...... 73 IA 73.............. 17 ,4 .3: ...........+. 5.0..........
Anr. 3 0 1955 ..73------ --- 23 --+ 1 50 -
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 boga 180.2004 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, I./ Hog-corn
Week ended gilts No. 3, yellow price ratio
Dollars per Cents per based on
100 pounds bushel barrows and gifts
Apr. 28, 1956 15.22 153.3 9.9
Apr. 21, 1956 14.98 149.3 1C.0
Apr. 30, 1955 16.59 146.6 11.3
./ Simple average price.





357
SHEEP AND LAMBS: WEEKLY AVERAGE OF DAILY QUOTATIOIIS
In dollars per 100 pounds
: : : : Ogden &:South
: Chia Om :Kansas : Fort D :North :San
Chicago Omaha Denver
: : City : Worth : :Salt :Fran-
S:Lake :cisco


down (WOOLED)
Apr. 28, 1956
Apr. 21, 1956
Apr. 30, 195F
Apr. 28, 19F6
Apr. 21, 19F6
Apr. 30, 1955
down (SHORN) -


Choice and Apr. 28, 1956
Prime Apr. 21, 19F6
Ar. _30, 19F5
Good and Apr. 28, 19F6
Choice ,pr. 21, 1956
Apr. 30, 19F5
EF,:S (WOOLED) -


Good and
Choice

Cull and
Utility

FEEDER LiiBS
Good and
Choice


Apr. 28, 1956
Apr. 21, 1956
Apr. 30, _1955
Apr. 28, 1956
.pr. 21, 1956
,pr. 30,_1955


Kpr.
apr,


Apr.
*Spring lambs.


LAIBS 110w
Choice and
Prime

Good and
Choice

LAMBS 105=


21.95
21.12
21.82
21.30
20.42
20.78

21.08
20.02
20.25
20.45
19.40
19.30

6,85
7.45
6.88
5,30
5.75
6.00


20.98
20.42
20.98
19.65
19,FF
20.12

20.90
20.6,
19.32
19,52
19.12
18.88

5.00**
5.70
5,12 *
3,75**
3.95
3.88*


-- 21.50
20.22
-- 20,38
21.40* 19.88
19.90* 19.15
20.60* 19.22


24.15*
22.80*
2.?.28 _
22.85*
21.38*
20.82*

20.90
20.10
18.72
19.78
19.22
17.22

5,25**
5.25**
6.00**
4.00**
4,00**
44 50**


20.75*
-- 19.75*
-- 20.50*
18.55 20.25*
17.75 19,25"
18.75 --


16.50


S 6.88** 8.00
-- 7.12 7.25
-- J6.28** -
4,25** 5.25
4.78 4.75
_-_ 4,38* _


--
--


m-.-
5.25'


3.75:


28, 1956 17.88
21 1956 17.25 -- 17.80
30, 1955 -- -
**Shorn basis.


Week ended


Apr. 27, 1956


Apr.
Apr.

Apr.
Apr.
Apr.




Apr.
Apr.
Apr.


20,
29,

27,
20,
29,




27,
20,
29,


1956
1955

195E
1956
195F




195E
195E
1955


ESTIIA.TED PERCENT FEEDER AiTD STOCKER CATTLE
A1iD SLAUGHTER CO.'S IN SALABLE RECEIPTS
Cicago : Kansas : Omaha I S. St. : St.Louis : Sioux
Chicago Omaha ,,
: City. : : Joseph y: -SY City
Feeders and stockers
2 38 10 8 4 14


6
6
8


32
41

10
9
10


11
11
Slaughter (
12
11
9


10
12
cows
19
17
11


4
7

16
12
13


17
17

9
7
4


S. St.
Paul


7

28
28
30


Indian- : : Fort : Okla. s : San
_ aolis _: Denver : Worth : CityWichita :Antonio
Feeders and stockers
S 6 5 30 35 29 55


7


5 20
12 30
Slaughter


50 33 30
cows
cows


Apr. 27, 1956 11 7 15 12 20 25
Apr. 20, 1956 11 8 15 15 19 35
Apr. 29, 1955 15 10 18 17 17 40
-- -- -- -------------------------- -------------------- ---- --- -- -- -- ---


18.45 --
17.92 --
16.90 --


--


--


--- --


5
5
B
i


5
)


" '"




358
NEW YORK WHOLESALE MEAT TRADE REVIEW
'Yestern Dressed Fresh Meats

Receipts of steer beef were normal in both packer branch and independent
wholesale establishments. Cow beef and calf offerings were relatively small, with
bulk unloaded Ionday. Veal, calf and fresh pork receipts were moderate and some-
what smaller than the previous week. Trading was only fair early, but was fairly
active after Wednesday, with chain stores most aggressive. Higher prices were
paid at the outset for most classes except steer and cow beef. Commitments on a
fair volume of primal steer cuts were made at the price levels of the previous
week, which partially prevented upturns on this class. Early sales of veal, lamb
and fresh pork were made under pressure, but the situation eased progressively.
Early clearances of all classes seemed assured in view of increased buyer activity
on the closing sessions. Compared with the previous week: Steer and cow beef
steady; voal steady to $4.00 higher; calf $1.00 to $3.00 higher; spring lamb $1.00
to $2.00 up; old crop lamb $2,00-3.00 higher; pork loins steady to mostly $1.00
higher, other fresh pork cuts unevenly $2.00 lower to $3.00 higher.
Steer beef supplies consisted mainly of Choice carcasses scaling 700# up, but
supplies of Prime and Good were slightly larger than the previous week. Movement
into retail channels was satisfactory, but demand centered primarily on arm chucks
and rounds. Fully steady prices were posted for cow beef.
Prices turned upward on veal grading Choice and below and all calf offerings.
Jobbers and processors competed actively despite advanced prices. Higher prices
were posted on both old crop and spring lamb, with small selected lots selling at
substantial advances. Stocks cleared readily on all sessions.
Buyer response was more or less spontaneous on fresh pork. Supplies wore
reduced, particularly in packer branch houses. Loin prices eased around midweek,
but subsequent inquiry was broad enough to offset the weakness, with late sales
at the high time of the week. Other fresh pork cuts sold steady to $3.00 higher
except fresh skinned hams which were $2.00 lower.

Locally Dressed Frcsh Meats

Demand for locally dressed fresh meats was generally satisfactory as beef
sold about steady, with other classes finding ready outlet at higher prices. Move-
ment of kosher classes was loss dependable than the week previous, and daily clear
ances were slow. Kosher beef sold about steady, but veal, and old crop and spring
lamb closed weak.
Daily steer kills included carcasses of most grades and weights. Lightweight
hindquarters found ready outlet in distributive channels, with Prime quoted $1.00
higher, while prices on Choice were off $l.00. Selections out of heavyweight car-
casses wore diverted to fabricating accounts. A broad demand prevailed for rounds
and arm chucks, while prices on loin cuts tended to ease progressively. Movement
of kosher forequarters and relative cuts was mostly slow at unchanged prices.
Movement of veal was rather slow and prices lacked stability on opening
sessions. Prices firmed, however, from Wednesday on, with higher prices posted or
all grades and weights, the larger upturns registered on calf offerings. A re-
duction in local lamb kills and smaller receipts of Western dressed lamb lent
stability to the trade on locally dressed carcasses and hindsaddles. Stocks of
both old crop and liberal supplies of spring lamb cleared dependably. Kosher lamb
foresaddles were under pressure, and sold lower for the most part.
Denand was only fair for an above normal supply of fresh pork up to midweek.
Thereafter, demand was broad enough to fully absorb large quantities of various
primal fresh cuts. Eight to 12# fresh loins predominated and sold in line with
Western dressed offerings.
Local cattle slaughter was largest of the year, but slaughter of calves was
a little below that of the previous week. The hog kill was among the largest of
record for this time of year.




359
CHICAGO WHOLESALE MEAT TRADE REVIEW

Steer ani heifer beef supplies consisted primarily of Choice offerings. With
the exception of Prime, beef supplies were adequate in most instances. Veal ran.
mainly to 80-130# weights, grading Commercial to Choice. Boning type calves were
short for the demand. Old crop lamb appeared ample early in the week but moderated
later. Supply of spring lamb showed a sizable increase compared to recent weeks.
Fresh pork offerings were only moderate. Local pork trading was fairly active and
good clearances were effected daily. All interests were active in the pork trade
and this week's top of $46.50 for loins was the highest since September 19, 1955.
Demand was fair for lighterweight veal carcasses grading low-Good and below, with
trade otherwise rather slow. Carcass lamb prices registered daily advances under
pressure of higher costs and moderate supplies rather than a broad demand. Most
lamb cuts sold quite readily. Squarecut beef chucks and rounds were in exception-
ally good demand locally and on shipping account. Sellers experienced sone diffi-
culty clearing beef ribs and loins. Price upturns on chucks and rounds were offset
by lower rib and loin prices. Some beef loins and lamb legs are expected to be
carried into next week, otherwise fresh meat clearances good. Compared to last
Thursday's close: Beef steady to 50 higher; veal $1,00 higher; lamb $2.00-3.00
higher; pork loins $2.00-4.00 higher, other pork cuts $1.00 higher. Prime beef
rounds cashed at $41.00-42.00, Choice $40.00-41.00; Prime loins $84.00-88.00,
Choice $62.00-67.00; Prime ribs $55.00-57.00; Choice $39.00-42.00. Lamb hind-
saddles sold from $52.00-58.00, lamb legs $45.00-50.00, loins $61.00-68.00, ribs.
$52.00-57.00.

PACIFIC COAST WHOLESALE MAT TRADE REVIEW

Volume of steer beef was more than adequate for a reduced demand at all points
on the :st Coast. Trade on beef chucks was fairly active in California due to
recent rains and to some retail accounts featuring roasting meats. Cow beef, veal
and calf continued in moderate to small supply; spring lamb barely adequate in
California; fresh and cured pork more than sufficient, some accumulation of smoked
meats. Trading for most steer beef was fair; cow beef fairly active; veal and calf
fair to good; spring lamb active; fresh pork fair to slow; cured pork slow and
draggy. Prices compared to last week's close: Steer beef steady to strong, in-
stances Choice under 700# 500 higher at Los Angeles; cow beef steady to $1.00 high-
er, except for Canner and Cutter 500-$1.00 lower at San Francisco; veal and calf
mostly steady; spring lamb strong to $3,00 higher; mutton weak to $2.00 lower on an
increased supply; fresh pork loins $1,00-4.00 higher; other fresh cuts about steady
although instances on shoulders $1.00 lower and Boston butts $2.00 highcr at Los
Angeles and spareribs $2.00 higher at San Francisco; smoked neat steady to $2.00
lower; lard steady to 500 higher.
Choice steer carcasses under 700# bulked from $32.50-35.00, some reaching
$36.00 at San Francisco and Seattle; 700-800# $31.50-34.00; Good 500-700 ,-' $29.00-
34.00. Commercial cow beef sold from 825.00-28.00, few soft-boned to ) 0.00; Util-
ity $24.00-28.00; Canner and Cutter $23.00-25.00.
Good and Choice veal carcasses under 150# brought $37.00-42.00 in California,
and $40.00-50.00 in the Northwest; same grades of calf under 300# $34.00-39.00;
Commercial down to $29.00 at Los Angeles. Choice and Princ spring lanb unc'cr 55#
sold from (3'.00-45.00; Good "34.00-39.00. Fresh pork loins under 165 brought
$45,00-50.00; shoulders S25.00-32.00; fresh skinned hams $44.00-50.00; smoked
skinned hans under 18# $45.00-54.00; slab bacon under 10# $29.00-40.00; sliced 1#
packages of bacon $36.00-44.00; smoked picnics $27.00-34.00; lard in 1# cartons
$13.50-19.00.




360
WHOLESALE DRESSED MEAT PRICES: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
I
New York Chicago San Francisco
Classification ------------------------- ------------
Classification Apr. Apr ......... Ap---- : ....
28 21 30 28 21 30 28 21 30
1956 195 956 : 1955 1956 1956 : 1955 1956 1956 1955
Beef -
Steer -


Prime 600-700#
700-800
Choice 500-600
600-700
Good 350-600
Cr a l


I, IIEI I .
Cow, all wts. -
Commercial
Utility


80-110 l
* N


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


Good all wts.
Pork- Fresh ..:
Loins 8-10# av.
10-12 "
12-16 0
Butts 4-8 1
Pork Cured -
Hams, smk., skd. -
12-16# av.
16-18 '
18-20 '
Bacon, smk.. slab -
6-8f av.
8-10 '
Sliced 1 # pkg.
Picnics, smoked -
4-8# av.
Backs. D. S. -
16-20f av.
Lard, 1f cartons -
Refined
Substitutes


41,50
40.00

35.25
32.00
28.00

27.75
25.50

41.00
36.20-
30.90

46.00*

46.00*

43.00*

45.45
45.45
44.50
32.50


48.00
46.50



33.00
39.00


41.50
40.00

35.25
32.00
28.00

27.75
25.50

41.00
35,00
28.50

45.00*

45.00*

41.50*

43.20
43.20
42.40
31.30


49.50
48.50



32.50
39.00


:39.00
:39.00
:34.15
:31.15
:31.05
:28.70


39.00
39.00
33.50
33.50
30.30
28.25


48.00
48.00
39.10
40.70
36.30
32.50


:35.50
:34.00
:33.00
:30.00


36.00
34.00
33.00
30.00


--

41.50
40.50
38,00
35.00


-- :28.50 28.50
-- --- :25.50 25.50


48.50

42.50
38. .0
32.90

29.80
26.50

42.50
36.00
33.50

44.20
42.50
44.20
42.50
39.70

46.30
46.30
43.60
34*.00


50.00
45.10



39.50
50.50


25.00 25.00 33.00 :30.75

14.00 13.50 15.50 :12.12


16.25 16.25 17.00


:16.25
* --


42.50
37.00
34.00

40.15
39.00
40.15
39.00
37.50

40.95
40.95
40.35
28.25


51.52
50.55
50.25

34.25
32.55
38,75

30.15


42.50
39.00
36.70

43.30
40.40
42.30
39.40
37.50

43.90
43.90
42.50
30.60


52.05
50.95
48.65

46.85
43.55
51.30


:41.00
:1.,00


41.00


43.00
39.00


:41.00* 40.00* 41.40'


:40.00*

:37.00*

48.00
:49.00
:48.00
:36.00


51.00
:50.00


:38.00
:36.00
:40.00


35.20 :30.00


12.00 11.50 :


15.45


16.15
28.00


:18.25


--
39.00*

36.00*

45.00
46.40
45.60
36.00


51.00
50.00


38.00
36.00
40.00


52.00
50.00
49.00
41.00


55.50
52.00


53.00
48.00
51.00


30,00 38.00



17.85 18.50
-E --


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


Veal -
Prime
Choice
Good
lamb -
Prime

Choice


:42.50
:37. 40
:34.- 0

:42.30
:40.90
:42.30
40.90
:39.25

:44.10
:44.10
:42.50
:28.80


: 51.75
: 50.15
:50.15

:32.85
:31.85
:38.20




361
BOSTON WOOL MARKET REVIEW
Trading of greasy domestic worsted wools in the Boston market was a little
slower than a week earlier with demand mostly for 3/8s and 1/4 blood fleeces,
Approximately sixteen cars were moved. Prices were slightly stronger for fleeces.
Turnover of scoured wools was very slow in a wide range of prices. Topmakers were
active in the territory States, Wools were purchased as shorn with a little con-
tracting in the northern States. Eight months wool sold in Texas in fair volume
while a little average style 12 months wool was also sold. Buying activity in the
fleece wool States was moderate.
Prices showed a sharp advance in Australian auctions as keen competition pre-
vailed. New Zealand quotations were posted on a higher level. Midweek reports
from South Africa were 2-,0 above the previous sale with good competition. South
American trade was generally dormant, except for small lots of coarse Argentine
second clips for shipment to the United States.
Fleece Wools Graded fine, good French combing and staple fleece wool sold at
$1.25 clean basis while graded 56/58s good French combing and staple wool at 531#
and 54# in the grease cost clean from l$,01-1,03. A small quantity of graded
56/54s staple fleeces sold at 1,.00 clean while 50/54s staple and good French at
53#0 and 54# grease basis sold at clean prices ranging from 960-990, Graded 56/58s
baby combing and average French combing fleece wool at 50# in the grease cost 98P
clean basis while medium burry and seedy fleeces brought 430 grease basis, Country
buyers were paying 400-420 to the grower in the fleece wool States.
Territory Wools Bulk fine and 1/2 blood with an edge of 3/8s territory lambs
wool 2" and up sold in the grease at an estimated clean price around tl,08 while
bulk fine and fine medium lambs wool brought 1l.18. Buyers for topmakers were
active in most of the territory States. Several pools of mixed, or grading wools,
sold in Idaho at 410-430 f,o,b,, while grease prices in Utah ranged from 384-43
and in Oregon/Washington 38c-42# was paid. Bulk high half blood original bag clips
in Nevada brought 420-450 while bulk fine and fine medium Montana wools sold around
450-47#. Mixed yearling and ewe wool in the Sacramento Valley brought from 450-
52# with lambs wool at 35# in the grease.
Texas Wools Bulk good to average French combing 12 months Texas wool in
original bags sold at .1.30 clean basis, Eight months wool continued to sell at
500-53$ f.o.b. while bulk average French combing 12 months wool was estimated to
cost 41.25 clean basis delivered Boston.
Mohair Several cars of adult mohair sold in Texas at 8710 to the warehouse
while scattered lots of kid hair were purchased in a range from 96&--l,0l1, Trade
in the local market was practically at a standstill.
Sales of CCC Wools The Commodity Credit Corporation announced on April 26
that approximately 1,040,000 pounds of C.C.C-cwned wools were sold from bids re-
ceived on a total of about 3,168,000 pounds. The principal grades, quantities and
sales price ranges (before discounts, if any) follow:
Pounds Price range

Graded territory 1/2 blood average & Good French 82,505 $1.15 -1,20
1/2 Sh. French & clothing 19,842 1.10 -1.11
1/4 Staple 8- Gd. French 48/50s 50,000 1.06
Low 1/4 blood 14,839 .93
Common & braid 12,719 .85
0. B. Texas, 8 months, average to short 252,674 1,072. 1.102
0. B. Texas, fall, best length 542,215 1.062- 1.092
graded fleece 1/4 blood, staple & Good French 50/54s 47,978 1,001





362


MEAT ANIMALS FARM PRODUCTION, DISPOSITION ANL INCOME,
BY STATES, 1954 AND 1955

Farm production of meet animals in 1955 totaled 50.0 billion pounds, 5
percent more than the 47.4 billion pounds produced in 1954, according to the
Crop Reporting 3oard. This is the highest production of record. Production of
cattle and calves in 1955 was an all time high. Sheep and lamb and hog production.
was also higher than in 1954, Cattle and calf production amounted to 57 percent
of the total farm production of meat animals in 1955, with hogs furnishing 40 per-
cent and the remaining 3 percent coming from sheep and lambs. In 1954, cattle
and calves represented 58 percent of the total; hogs 39 percent; and sheep and
lambs, 3 percent.
Gross income (cash receipts plus value of home consumption) from meat
animals amounted to 8.5 billion dollars in 1955, 8 percent less than the 9.3
billion dollar income in 1954, The gross income in 1955 for cattle was above
that of a year earlier but lower for hogs and sheep and lambs. The increase in
gross income for cattle was due to larger marketing and a higher price for
calves. While for hogs and sheep and lambs the decrease was due to lower prices,
since marketing were larger, Cash receipts for farm marketing totaled 8.2
billion dollars, 8 percent below the 8.9 billion received in 1954.
Cattle and calves: Production of cattle and calves in 1955 was 28.4 billion
pounds, compared with 27.6 billion pounds produced in the preceding year. The
increase in production was the result of a record high calf crop. Gross income
from cattle and calves amounted to 5.3 billion dollars, 2 percent more than the
5,2 billion dollars in 1954. Cash receipts totaled 5.2 billion dollars, about 75
million dollars more than in 1954. The average price per 100 pounds live weight
received by producers in 1955 was '15.50 for cattle and tl6.70 for calves. This
was 40 cents per hundred pounds less than in 1954 for cattle, but 20 cents per
hundred pounds more for calves.
Hogs: The production of hogs in 1955 totaled 20.0 billion pounds, 10 percent
above the 18.2 billion pounds produced in 1954, but 21 percent below the record
production of 25.4 billion pounds produced in 1943. Gross income from hogs at
2.9 billion dollars was 23 percent smaller than the 3.8 billion dollars income ir
1954. Cash receipts of 2.7 billion dollars were 22 percent less than the preced-
ing year. In 1955, the average price pr hundred pounds was t15.00 compared
with t21.60 in 1954 and the record of 24.10 in 1947.
Sheep and lambs: The estimated production of sheep and lambs in 1955
amounted to 1.6 billion pounds, only 5 million pounds more than was produced in
1954, The record production was 2.3 billion pounds produced in 1942. Gross
income from sheep and lambs was 319 million dollars compared with 328 million
in 1354, Cash receipts of 316 million dollars were 3 percent smaller than the
preceding year. In 1955, sheep sold for an average of 5.87 per hundred pounds
live weight and lambs at t18.40. In 1954, the selling price of sheep was M6.10
and lambs $19.10.





AVERAGE PRICES RECEIVE

Commodity and unit

Farm prices -


Hogs per 100 lb.
Beef cattle "
Calves "


Sheep
Lambs
Wool


Ii II
it It


per pound


!


Corn per bushel
Oats "
Barley "
Hay, all baled per ton
Cottonseed "

Hog-corn price ratio 3/
United States
N. Central States


Iowa


363
D BY FARMERS FOR LIVESTOCK, FEED AND vOOL 1/

Apr. 15 Mar, 15 : Feb. 15 Apr. 15 Average
:Jan. 1947-
136 6 1956 196 195
Si?:Dec. 1949


Dollars 14.30
15.00
16.80
6.28
18.20
2/, 403
1.32
.623
.994
21.00
46.90


3ushel
I


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


10.8
11.0
10.8
Dec. 1914
233
185.
237


12.30
14.40
16.70
6.28
18,10
.2/.399
1.20
.618
.925
20. 0*
46.80


10.2
10.4
10.4
= 100)
230
174
221


12.00
14.00
17.00
6.00
17,70
2/.402
1.18
.619
.915
21.ZC
46,20


10.2
10.2
9.8


226
173
215


1S.60
16.70*
17.50*
6,72*
19.50*
2/.476
1,26
.727
1.07
22.40
53,40


12.2
12.5*
12.3


247
197
269


21.90
20.20
22. 0
9.15
21.90
.460
1.64
.852
1.37
22.40
71,60
Apr. av,
l9c'5-4
13.0
13.8

1947-49
271
230
334


Prices paid by farmers -
All commodities 261 261 25? 265 240
I Estimates of Crop Reporting Board. 2j Average local market price for wool
sold; does not include incentive payment to bring season average return to 62 per
pound. 3J Number of bushels of corn equal in value to 100 pounds of hog,live wt.
*Revised. EFFECTIVE PPAITY PRICES FCR LIVESTOCK, FEED AlD 'WOOL 1]
---- --- -- --- ---- ------ --- ---- -- ------- --
: Base : Effective_parity prices 3/- -_
Commodity and unit : period : Apr. 15 : Mar, 15 : Apr. 15
:_price 1956 : 1956 1955
Hogs per 100 lb. Dollars 7.47 21.20 21.10 21.40
Beef cattle 7.55 21.40 21.30 21.40
Calves 8.26* 23.50 23.40 23.50
Lambs 8.30 23.60 23.40 23,50


vcol per pound 4/.214 .608 .603 ." F6
Corn per bushel 5/.642 6/1,74 6/1.74 1.82
Oats .301 .855 .849 .E66
Barley .472 1.34 1.33 1.35
Cottonseed per ton 24,70 70,10 69.70 71. 0
SI/. Parity prices are cornuted under the provisions of Title III, Subtitle A
section 301 a of the Aricultural Adjustment Act of 138 as amended by the Agri-
cultural Acts of 1948, 1949 ann 1954. 2/ Adjusted base price lj10-14 deriveJ from
120 month, January 1946-December 1955, average, (including an allowance where ap-
propriate for unredeemeJ 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 usinp base period prices and indexes then in effect. 4/ Adjusted b,-e
price 1310-14 derived from 10 season average prices 1946-55 (including an allokencei .
where appropriate, for unredeemed loans and other supplemental payments resulting
.from price support operations). 5/ 6n-irt-,ith average August 1909-July 1914. 6
Trar.sitioi.al. parity, basic comvrndities 95 percent and nonbasic nommnriodjities 60 per-
cent (70 percent dirlTnrE 1955) of parity price computed under formula in use prior
Sto J;,.ulary 1, 19C0. *I'lsed,





364
UNITED STATES FEDERALLY INSPECTED SLAUGHTER AND HEAT PPrOLCTION
March 1956 with comparisons
--- -- -- -- -- -- ---------------------------


March


1956 1955
- -_ -_ -_ -
Number slaughtered under Federal inspection:
Cattle 1,566 1,524
Calves 647 660
Hogs 6,327 5,491
Sheep & lambs 1,216 1,244
Average live weight (pounds)
Cattle 1,007.8 976.7
Steers / 1,047.2 1,002.8
Heifers 1/ 895.3 866.2
Cows V/ 1,009.9 996.2
Calves 197.2 185.8
Hogs 230.6 239.2
Sheep 8 lambs 102.1 103.2
Average cost to packers: (dollars per 100 poun(
Cattle 15.76 18.23
Steers i/ 17.50 21.73
Heifers J/ 16.87 20.27
Cows I/ 11.20 11.78
Calves 16.99 17.83
Hogs 12.83 15.89
Sheep 8 lambs 18.99 21.18
Dressing yields: (per 100 pounds live weight)


Cattle F6.5
Calves 55,9
Hogs 27 76.2
Sheep & lambs 47.9
Lard per 100r 15.4
Lard per animal 35.5
Average dressed weight: (pounds)
Cattle 569,4
Calves 110.2
Hogs 175.7
Sheep & lambs 48.9
Condemnations 5/ (number of head)
Cattle 6,209
Calves 4,531
Hogs 12,204
Sheep & lambs 3,333
Total dressed weight Excluding
Beef 888,128
Veal 70,768


Pork(carcass wt.)1,109,446


Lamb & mutton 59,290
Total 3/ 2,127,632
Pork, excl. lard 803,772
Lard production 4/ 224,101
Rendered pork fat 11,349
1/ Also included with cattle.
average. 3/ Totals based on unro
5/ Partly estirrated.


55,5
56.0
77.0
4 f8. 0
14.5
34.6

542.1
101.0
184.2
49.5


January iMar


1956

(thousand
4,746
1,835
18,954
3,708

1,015.8


205.7
233.9
101.6
ds)
15.56



17.10
12.15
18.64

56.1
55,6
76.2
47.9
15.1
35.3

570.1
114.4
178.3
48.7


ch rercer.tage
: ar. 1956 of
: Mar. : 5-yr.
1955 1955 :Mar.
: 1955 :Mar.da.


of head) -
4,359
1,740
15,648
3,547

981.1



199.0
241,8
102.2

1.82



17.74
16.34
20.42

55.1
55.6
77.1
47.9
14.8
35.7

540. 1
110.6
186.4
49.0


6,833 18,815 19,135
4,313 13,835 12,054
10,345 35,588 29,151
3,196 10,008 9,588
condemned: (thousands of pounds)
822,722 2,695,347 2,343,629
68,145 208,225 191,081
1,009,567 3,373,822 2,911,866
61,429 180,270 173,413
1,961,863 6,457,664' 5,619,990
749,899 2,460,111 2,149,982
189,884 668,197 557,513
9,787 32,373 F7,122
27 Subtract 7.0 to obtain reported


unded numbers.


103
98
115
98

103
104
103
101
106
96
99

86
81
83
95
95
81
90


126
120
122
115

102
104
104
100
109
97
99

72
68
69
67
76
65
78


i
-- --*
--m -
-- --
-- --
-- --


-- -m
-- -
-- --


108 130
104 129
110 118
97 114
108 123
107 116
118 126
116 132
packer style


4j Includes rendered pork fat.


.... i




365


I
ii
ii;J


Cattle:
Steers
Heifers
Cows
Bulls & stags
Total 2/
Canners & cutters 3/


Hogs:
Sows
Barrows & gilts
Stags 8: boars
Total 2/
Sheep and lambs:
Lambs & yearlings
Sheep
Total 2/
1/ Based on report
3J Included in cal


Region


N. Atlantic St
S. Atlantic St
N.C. States -E
N.C.States-N.V
N.C.States-S.W
S. Central Sta
Mountain State
Pacific States


893
255
393
25
1,566
196

392
5,909
25
6,326


803
230
426
25
1,484
202

320
5,567
36
5,923


1,189 1,136
27 27
1,216 1,163
from packers.


2,591
745
1,331
79
4,746
655

1,088
17,772
94
18,954


773
261
463
27
1,524
210

291
5,162
38
5,491


57.0
16.3
25.1
1,6
100.0
12.5

6.2
93.4
.4
100.0


54.1
15.5
28.7
1.7
100.0
13.6

5.4
94.0
.6
100.0


54.6
15.7
28.0
1.7
100,0
13.8

5.7
93.8
.5
100.0


3,625 1,214 97.8. 97.7 97.8
83 30 2.2 2.3 2.2
3,708 1,244 100.0 100.0 100.0
2/ Totals based on rounded numbers.


50.7
17.1
30.4
1.8
100.0
13.8

5.3
94.0
.7
100,0

97.6
2,4
100,0


ttle classification.


PERCENTAGE DISTRIBUTION, BY CLASSES, OF CATTLE SLAUGHTERED
UNDER FEDERAL INSPECTION
s : : t Bulls and : Canners 8-
SSteers : Heifers : Cows Stags Cutters
S- all classes
S Mar Mar. Mar. M: Mar. : Mar.
S1956: 1955: 1956: 1955: 19561 1955: 1956: 1955: 1956: 1955
Pet. Pet. Pct. Pct. Pet. P Pct Pct. Pet. Pct. Pct.
ates.. 67.0 61.2 1.6 2.4 30.3 34.9 1.1 1.5 16.6 23.9
.ates.. 62.0 53.9 4.0 3,4 30,5 38.7 3.5 4.0 19.6 26.0
astern 63.0 56,4 5.9 7.0 29.3 34.7 1.8 1.9 14.8 14.0
western 57.2 51.9 18.6 19.0 22.9 27.6 1.3 1.5 10.4 9.0
western 64.7 60.3 16.2 17.7 18.6 21.3 .5 .7 7.7 9.5
ites... 44.2 28.0 10.5 14.3 42.4 54.5 2.9 3.2 27.5 30.1
3s..... 26.2 24.8 60.2 55.6 12.6 17.9 1.0 1,7 5,2 7.6
...... 60.6 52.2 17.5 20.9 20,0 25.1 1.9 1,8 6.1 8.4


CLASSIFICATION OF LIVESTOCK SLAUGHTERED UNDER FEDERAL IirSPTCTION I/
: Number (000 omitted) : Percent
Mar. : Feb. : Jan.-: Mar. : Mar. Feb. : Jan.': Mar.
: Mar. Mar.
: 1956 : 1956 : Mar : 19 55 1956 1956 ar : 1955
: : 1956 : : 1956 :


ts




366 UNIVERSITY OF FLORIDA
SIII1111111111111I11111111111 IIII II BBill 1111 111
3 1262 08734 5624

















LIVESTOCK MARKET REVIEa CONTINUED FROM PAGE 349
WESTERN LIVESTOCK REVIEW
Slaughter steers, heifers and cows sold steady to 50# higher in the Northwest;
heifers steady to 25# higher at Denver and cows 50-75# up at Los Angeles. With
those exceptions, trend was steady to 50 lower on slaughter cattle, Late prices
for calves and vealers were largely steady; barrows and gilts steady to 500 lower;
slaughter lambs l.00-1.75 higher; stocker and feeder cattle steady to weak.
Several loads of high-Choice and Prime 960-1230v fed steers brought $21.00-21.50
at terminal markets, high-Good to average-Choice 18.50-20.50, a few loads 1400-
1535# at Denver 118.25-18.75. Most Good steers cashed from $17,00-19.25. Average
to high-Choice 870-1090# fed heifers brought 519.25-19.75 at Denver, other Choice
throughout the area 18.50-19.25, Choice vealers sold up to $28.00 at North Port-
land, to $24.00 at Ogden, bulk Good and Choice $19.00-23.00. Good and Choice
stocker and feeder steers bulked from 1l7.00-19,00.
Direct trade on slaughter steers and heifers at California feedlots opened
slow but closed fairly active, prices mainly steady, heifers in instances 500
higher, Good and Choice slaughter steers cashed from 419.00-21.00; same grades
heifers $17.00-19.00, few loads 19.50-20.00. A few thousand. Good and Choice
yearling and 2-year-old feeder steers earned $17.00-18.00; comparable heifers
$15.50-16.50; 150 stock calves f.o.b. Arizona, steers at $18.75, heifers $17.25.
Mixed lots U. S. No. 1 to 3 180-240# barrows and gilts sold late at South San
Francisco at 416.75; Stockton 16.50-17.00; Los Angeles $16.00-17.00; North Port-
land $16,75-17.75; Spokane $16.00-16.25; Ogden $16.00-16.50; Denver $15.25-16.00.
Choice and Prime 89-108# spring lambs brought 422.50-24.00 at North Portland and
Denver, 420.50-21.00 at other terminals; Choice 98-106# fed wooled old crop lambs
422,00 at Denver, Good and Choice up to 115# 419.50-21.00; same grades 95-107y with
No. 1 and 2 pelts t19.75-21,00, In the direct trade, a string of 3,000 spring
lambs on the west side of the San Joaquin Valley was contracted at $22,00 with
delivery at grower's option up to June 15, these expected to be Choice and Prime
near 100# when delivered. Other Choice and Prime were contracted at $21.00-21.75
including 3,000 in Kern County for June delivery at 421.75 for those averaging 95#
or under, with 10# cwt. discount for each pound over 95#. Several thousand Choice
spring lambs sold in the Sacramento Valley at $21.00 for immediate up to May 15
delivery, One band of 3,100 spring lambs shorn April 1 sold at $21.50 for May 15
to June 1 delivery, these expected to be Choice and Prime 95-105# when delivered.




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