Market news

sakd LIVESTOCK


'DIVISION WUeki


MARKET REVIEWS AND STATISTICS


Vol. 24, No. 19


May 8, 1956


Week ended May 5


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


Special to this issue


Livestock Prices and Composite Meat
Livestock Slaughter heat and Lard
March 1956 .


Values, spril
Production,


1956. 380


. & # *.


385


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


Agll-WAIN


Page
. 368
. 370
. 371
. 372
. 374
. 375

. 375
. 376
. 377
. 378
. 380
. 381
. 383
. 384


9 p


t
* *
* *
* p
4 4

* 4
* .
* *

* 4

* *




368


MIDWEST LIVESTOCK MARKET REVIEW

Cattle receiptt were somewhat below those of a week and a year ago. Smaller
receipts, higher prices in the wholesale beef trade and general rains over the
midwest and southwest were bullish influences in the cattle trade and slaughter
steers and heifers closed steady to 500 higher at most terminals. At Chicago
prices advanced 25-F50 on Monday when more than 40, of the week's run arrived.
Trend there was reversed on later days with closing steer sales steady to 500
lower. Hog receipts decreased, end under fairly good demand, prices advanced
largely 25-53j in spite of rather sharp downturns in wholesale fresh pork prices.
Receipts of sheep and lambs were only about half as large as those of a year ago
and prices turned sharply upward under aggressive competition for the reduced
supplies.
SLAUGHTER CATTLE AND CALVES
Liberal rainfall over most of the midwest had the effect of curtailing
supplies of cattle at Missouri River terminals, and the week's receipts of
237,000 cattle at 12 markets showed a decrease of about 15,000 compared with the
previous week, Fed steers and heifers were in comparatively good demand and trade
at most points was moderately active with closing prices steady to 500 higher at
the majority of trading centers. At Chicago Monday's fairly liberal run sold 25-
500 higher but price trend there was reversed on later days and fed steers closed
steady to 50 lower for the week, heifers steady to weak. Cows sold steady to
$1.CO higher, mostly 2!-50 up, bulls largely strong to 50 higher. Influences
in the generally stronger price trend on slaughter cattle included smaller re-
ceipts, higher wholesale beef prices and substantial rainfall over much of the
midwest and southwest. The general rains not only reduced marketing of cows and
stockers and feeders but also curtailed receipts of lower grade slaughter steers
and neifers, thus improving the killing quality compared with recent weeks. at
3maha the average weight of beef steers was 10# heavier than the previous week
while at Sioux City the average was 16# above a week earlier.
Bulk of the steers graded Good and Choice. Proportion of the latter increased
at a few markets, but Prime steers continued scarce, the percent of Prime at
Chicago 1Vednesday being smallest for that day in about 11 months. Most Good and
Choice steers sold there after monday from *16.75-21.00 with numerous sales of
Choice steers Monday upward to 422.CO, High-Choice and Prime cashed at Chicago
from t21.00-23.50, three loads average-Prime 1185-1300# 424.50-25.00, one load
average to high-Prime 1191A t27,00. At other midwest markets most Good and Choice
steers brought ,17.00-21.00 with occasional loads high-Choice and Prime t21.00-
24.00 including Prime 12951 at Sioux City at 924.':0 and Prime 1323# at the same
price at S. St, Paul, highest on that market during the past 8 months. A load of
Prime 1132# steers reached t24.75 at Omaha.
Vealers and iclves sold steady to ;1.00 higher, instances t2.00 up on vealers.
Ar S. St, Paul Choice ve.alers brought 422,00-24.00, with Good and Choice $20.00-
2?J.C at St. Louis Nati-nal Stock Yards, high-Choice and Prime there 224.00-25,00.

STICKER AND FEELER CATTLE AND CALVES
Substantial widespread rains the past 10 days did much to at least temporarily
relieve drought conditions whi-h had prevailed over a far-flung area. Although
considerably more moisture is needed in many localities to assur,? satisfactory
water supplies for the coming season, the quantities received were sufficient to
brighten spring pasture prospects and encourage a noticeably more aggressive demand
for stockers than existed just a few days ago. At the same time improved weather
)r.nditions tended to slow marketing of stock cattle from drought affected areas,
and receipts of stcker and feeder cattle and calves at terminal markets were
materially smaller than either theF previous week or a year ago. Shipments of





/ 369
steers to the country from the 10 markets during the week totaled 13,889 compared
to 17,349 the week previous and 21,433 a year age. Clearance was usually quite
complete at markets where some supplies were carried over a week earlier. Trading
generally was active for the reduced supply at steady to 1.00 higher prices.
Calves and yearling stockers usually showed the most pronounced upturns but fcedcr
steers 800# up also shared to the extent of a 50# advance. Although feed costs
have advanced materially during the past several weeks, fat cattle prices are con-
siderably higher than during last winter's low time, and this, together with a
fairly Iptimistic attitude regarding fed cattle prices this spring and early summer
in the face of a reported decrease in the number on feed, has stimulated interest
in feedlot replacements. Good and Choice feeder steers 800 up ranged from t16.00-
19.25, the majority t17.00-19.00, Good and Choice yearling stock steers brought
$16.50-20,00, including one load of 704- at $20,00. Choice 619# yearlings in one
instance reached t21,50 but this was hardly a criterion of the general trade. Good
and Choice yearling stock heifers brought 415.50-17.75 and a few partly fattened
600-750# heifers sold for further feeding from 417.00-18.15. Good and Choice steer
calves ranged from $17,00-21.50, Choice heifer calves were scarce. A few Medium
and Good stock cows cEshed from 10.00-12.00,
HOGS
Combined receipts at 12 terminal markets and in the Interior Iowa-Southern
Minnesota direct marketing area were about 86 smaller than the previous week but
still considerably larger than marketing for the same period last year. Prices
showed alternate advances and declines during most of the week with a general
upturn Friday when the 12-market receipts were smallest for that day since last
September. The net result of these daily price changes was a moderate advance on
hogs despite declines of t5.00-6.00 in prices of fresh pork loins at Chicago and
large Eastern wholesale meat centers. Late prices on butchers and sows were steady
to 750 higher, mostly 25-50# up. Outlet to order buyers decreased at some Eastern
Corn Belt markets, such purchases at Chicago being smallest in 7 months. By con-
trast, shipping demand was fairly good at S. St. Paul as well as at a few Missouri
River points. The supply of U. S. No. 1 and 2 butchers was moderate to small, and
while at times they lacked uniformity, such lots usually sold 25-750 above mixed
No. 1 to 3 offerings of comparable weight. There was little discrimination against
weight of butchers up to around 270# on account of shortage of offerings over 250#
in most sections, A large share of the butchers marketed during the week sold
within a price spread of 41.00 a cwt. Average weights continued several pounds
under a year ago at most markets. Sows made up from 6 to 19% of the week's market-
ings. Feeder pigs sold steady to 500 higher. At S. St. Paul Good and Choice
brought 413.50-14,50, a few t15,00; bulk at Sioux City t13.00-13,50, a few $14.00-
14.25. At Memphis Medium and Good 70-140t feeders brought 49,50-11.50, few Good
70-eO0 412.00.
SHEEP AND LAMBS
Receipts at the 12 markets decreased about 194 from the previous week, and
were only about half as large as marketing during the corresponding week last
year. Aggressive competition for the reduced supply, with trade particularly
active on spring lambs, influenced unevenly and sharply higher prices for slaughter
lambs, the upturn being supported by a sharp advance in wholesale dressed lamb
prices. A factor in the active trade on spring lambs was the approach of the
Greek Easter Season when such offerings are in especially good demand. Slaughter
lamb prices closed unevenly 750-$3.25 higher for the week, spring lambs frequently
showing upturns of from t2.00-3.25, At most midwest markets prices were highest
in one to two years. Slaughter ewes sold steady to 50# lower, while feeder lambs
closed 50-1,00 higher. New crop lambs were marketed in increased numbers with
old crop wooled lambs almost too scarce to quote. At midweek a few lots of Good
and Choice 56-69w spring lambs for the Greek Easter trade sold at Chicago from
t30.00-35.00, or highest prices in four years. Good to Prime spring lambs bulked
at midwest markets from 423.00-27.25, same grade of old crop wooled and shorn lambs
Continued on page 386,





370


Market


Chicago
Cincinnati
Denver
Fort h\orth
Indianapclis
Kansas City
Oklahoma City
Cmaha
St. Joseph
St. Louis NSY
Sioux City
S. St. Paul
Total


CEIPTS, SALABLE AND TOTAL OF LIVESTOCK AT PUBLIC STOCKYARDS
Month of April

Cattle Calves
:---------- ---------- ------------
Salable Total Salable : Total
. -195 _:_ 195 19.5... ..125 : 19L5_ 19.56_ _-1.55 -1256 L .1.55 -
202,219 164,204 212,754 166,371 6,912 7,337 8,686 10,471
18,641 16,465 23,697 21,994 5,551 5,56. 5,745 5,824
65,603 60,505 84,750 74,692 3,098 4,786 10,716 6,188
37,133 42,929 52,063 67,378 5,985 8,419 19,146 13,768


39,622
97,0^0
49,886
165,714
65,385
84,907
91,511
96,413
1,014,080


34,446
83,733
43,569
167,299
61,500
66,725
94,251
95,498


931,124


40,096
128,535
57,086
170,135
66,426
102,536
97,308
99,829


1,135,215


35,239
135,118
46,684
178,407
62,925
80,544
99,274
97,840


4,765
6,007
4,086
3,759
4,561
15,281
1,833
41,003
102,641


1,C66,466


5,419
7,016
4,544
3,917
3,430
15,412
1,487
38,401


105,728


4,842
11,981
4,693
4,527
5,128
19,263
2,617
42,858
131,202


5,419
16,440
6,011
4,037
5,946
21,486
2,595
40,378


138,563


r-
Hogs Sheep
---- --- --------i-------------------------1------- -------


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

Total


190,632
64,126
12,875
15,569
199,388
55,811
20,628
160,308
122,074
278, 75
116,923
212,906
1,449,785


177,889 249,52
62,019 66,42
11,750 49,22
9,646 57,78
197,505 199,38
35,516 62,59
12,2C7 71,64
162,006 231,41
103,976 145,32
203,119 300,48
122,331 137,73
201 171 227,80


1,799,350


225,7041
62,602


8 l1,91
5 55,66
8 197,5(
5 40,4
A4 41,5
.2 226,3
10 115,8
!8 220,3
;0 131,2
15 219,3


32,154
938


43 71,272
29 113,134
05 3,912
17 A3,020
45 10,050
26 39,534
36 22,226
83 10,357
67 15,462
77 22,893


38A,952


1,299,165 1,578,533 452,067 7A9,683


INTERIOR IOWA AND SOUTHERN MINNESOTA


April 1956


Hoas
1,410,500


April 1955 1,168,500 118,600


53,063
1,444
70,399
132,255
3,370
43,461
13,274
57,395
14,341
13,443
25,008
2',614


39,435
2,149
137,012
131,748
4,683
71,993
28,123
49,579
58,807
59,855
28,693
53,311
653,388


69,483
2,670
94,072
156,860
3,370
107,811
16,171
75,46C
59,355
73,063
40,403
50,965


Sheep
100,400


RE


[





WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS


Castle -- Co-ves Hogs Sheep
if a-f ; -g s- I -- -t ; -
----,-- ---------------------- --...... --------........... -
SMay May May May May May May Mlay
Market 7 5 5 7 5 ,
1956: 1955 1956 1955 1956 1955 1956 1955
.................. -.-.--...--. ---.. --- -- -- -- -- I- -- -- -- --5-- -


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


48,26?
4,815
15,461
9,681
11,452
21,440
10,357
37,375
14,850
19,768
21,136
22,833


41,848
4,394
17,678
19,243
7,975
23,927
16,427
46,381
13,226
17,439
24,653
22,156


1,461
1,503
730
1,034
1,167
1,273
720
602
1,030
4,289
231
8,992


1,941
1,384
1,07 4
4,286
1,560
1,773
2,015
1,436
844
4,368
642
8,816


41, 38
14,567
3,505
3,510
46,176
12,217
5,071
34,589
25,028
64,273
25,964
0, 890


45,761
13,212
2,884
2,879
41,153
9 ,57 4
3,652
37 57 8
25,507
49,479
27 ,117
42,832


4,523
297
8,263
23,198
945
13,771
4,47 0
6,203
4,697
1,447
3,142
3,986


9,637
25:
12,895
60,032
834
17,191
3,924
13,170
6,501
6,713
6,481
4,936


Total....-------- 237,455 254,047 23,032 29,839 327,788 301,828 75,342 142,603
Apr. 28, 1956 252,488 25,034 372,015 92,759
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
May 5, 1956 ..--...-------.. 341,501 22,600
Apr. 28,1956 .-----...----..-. 355,500 21,100
May 7, 1955 .------..----...- 251,500 27,200
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT, AND NUMBER
-.-- .-- ---------- ^ lP ^- ---------
Week ended M. month Four months
-----------------------:----------------------------------------- ---- -----
:May 3 jApr. 26 May 5 Apr. Apr. Jan.-Apr.
1956 1956 955 1956 1955 1956 1955
________________ ,__,,,,,L-,r---------------------,-------j _____ 19~_1 1'5_____95 ___1955_
Steers- 1001l Op 242 358 681 2,058 3,670 6,935 10,955
901-1000 820 1,315 1,758 5,131 8,283 23,042 34,570
801-900 2,127 2,335 2,604 8,812 11,346 46,133 51,987
701-800 3,043 3,439 3,696 13,629 13,611 55,399 55,890
501-700 7,657 9,602 12,694 39,430 42,816 146,017 159,351


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.
cows.


01;890 17,49
700# 693*


$17.00
17.61
17.80
16.74
15.70
17.42
17.19
15.72
16.24
16.04
16.68
4,043


$17.02
18.37
17.31
16.62
15.76
17.26
17.37
16.63
15.97
16.11
16.94
4,604


21 ,433 69,060' 79,726 27 ,"526" 312,"753'
694# 697# 716# 708# 718P
$19.68 t17.32 $20.52 $16.83 $20.13
20.79 18.41 20.96 17.34 20.30
20.69 17.81 21.25 17.36 20.90
19.50 17.13 20.67 16.65 20.17
17.64 16.36 19.04 15.46 18.24
20.66 17.67 20.77 17.09 20.48
20.54 17.49 20.96 17.34 21.78
18.47 16.87 19.23 16.46 19.11
17.94 16.30 19.36 16.27 19.21
18.49 16.77 20.03 16.54 19.84
19.46 16.92 19.69 16.35 18.99
8,182 19,195 29,732 91,570 125,293


heifers, bols- 3,281 3,922 5,104 14,560 17,326 49 ,528 63,793
* Not adjusted for differences in grade of cattle sold at each market.


371





372
BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
.. ..... ..... .. .. .... ........... ...... Ct f ...... .. .. .
percent Average weight Average price
.. .. Average weight ,
Number of head total (pound) in dollars
by grades per 100 Ib.
Grade Week ended.....
Mya Apr. May :May Apr. May May Apr. May May Apr. : May
3 26 5 3 26 5 3 26 5 3 26 5
1956 1956 1955 1956 1956 1955 1956 1956 1955 1956 1956 1955
-- -- ---------- ---- ------ ----- ----------------------


Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'l.
Utility
All grades


1477 1651 1191 4.3 5.1 4.4 1287 1297 1234 23.34 23.38 26.33
21007 17827 13617 60.8 54.6 50.9 1176 1194 1145 20.67 20.47 23.61
10712 11138 9169 31.0 34.1 34.2 1026 1041 1010 18.56 18.41 21.09
1142 1710 2395 3.3 5.2 9.0 941 938 956 15.69 15.97 18.16
208 309 405 ,6 1.0 1.5 1010 1009 916 14.34 14.34 15.38
34546_3 32635 26777 Z6 l32 19 75 22.41
. .. ... -... .........- ......-..........9,
OMAHA 1/
478 328 160 2.5 1.8 .8 1313 1325 1326 22,49 22.41 25.31
11957 10371 11939 63.5 55.9 63.0 1152 1159 1089 19.94 19.29 22.59
5451 6545 4666 29.0 35.3 24.6 1016 1013 992 17.97 17.45 19.84
678 972 1653 3.6 5.2 8.7 955 966 972 15.28 15.30 17.76
263 343 549 1.4 1.8 2.9 898 887 943 13.62 13,66 15,66
18827 18559 18967 1106 1096 1053 19.27 18.49 21.41
.------------- 7------------_,,,------ ---- -
SIOUX CITY 1
-.------------ ------------,.-- -- X. -. ..-.P
242 234 -- 2.5 2.1 -- 1297 1290 -- 22.44 22.36 --
6137 7372 4744 64.3 64.4 50.7 1161 1154 1130 19.74 19.38 22.38
2665 2974 3249 28.0 26.0 34.7 1046 1006 1049 17.*3 17.31 20.28
460 701 1149 4,8 6.1 12.3 988 1020 991 16.16 15.46 18.00
34 164 216 4 1,4 2.3 1023 961 1017 13.70 14.10 15.99
9538 11445 9358 1124 1108 1082 19.18 18.67 21.05
----.............................. ..---..--............................................-
^------- -. ^ KANSAS CITYY 1/- -
ill 18 -- 1.4 .3 -- 1138 1429 -- 22.37 21.00 --
3890 2146 1773 50.3 36.3 45.3 1112 1117 1088 19.99 19,72 22.96
3252 3313 1444 42.0 56.0 36.8 1050 1054 1004 18.34 17.94 20.74
391 399 608 5.1 6.8 15.5 984 1054 990 15.62 15.60 17.35
90 36 93 1.2 .6 2.4 983 1023 981 13.62 13.97 15.31
'774. 5912 3918 1078 1077 1039 19.06 18.45 21.17
ST LOUIS NSY 1/......
.---,,,,,--,,,---,,,,--- -------I,
-- 19 5 .2 .1 -- 1117 1233 -- 22.50 27.00
2592 2369 824 31.9 28.0 17.4 1092 1094 1042 19.73 19.43 23.15
3435 4209 3058 42.3 49.6 64.4 990 1004 991 18,09 17.84 20.87
1666 1566 685 20,5 18,5 14.4 883 928 932 16.50 16.28 18.58
437 316 176 5,3 3.7 3.7 806 909 887 15.01 14.57 16.63
8130 8479 4748 .991 012 988 18.24 17,96 20.84.
S. ST. JOSEPH 1/
116 49 41 1.6 .8 ,7 1229 1199 1171 21.44 21.28 24.24
3704 3358 1886 51.6 54.6 32.9 1136 1113 1102 19.84 19.14 22.55
2383 1952 2924 33.2 31.7 51.0 1038 1067 1038 18.00 17.20 20.12
959 688 844 13.3 11.2 14.7 956 1027 971 16.14 15.60 17.1V
22 102 43 .3 1.7 .7 831 904 828 13.64 13.02 14. o
7184 0149 5738 OF.O I1086 1019 '18. 8 18.10 20.56
i ... .----.-
Coa~and.





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER 373
S Percent of Aver-ge price
S Average weight
Number of head total Average in dollars
b ygrade.s per 100 lb.
--- -- -- -- -..-- ---- --- -g---......... .....- -........... ........
Grade Month
.... -- -----....... ------ ..................----..-... r -------------- ------ ------- --------------
Apr. : Mar, Apr. Apr. Mar. Apr. Apr. Mar. Apr. Apr.: Mar. Apr.
..--..--. 956 i 1956 1955 1956 196 955 191956 1955 9195 566 1955 1956: 1956 .1955
=`-'~.-------r ----~-------- ----------,


Prime
C:.o;,
Good
Com'l.
Utility
All grades

Prime
Choice
Good
Com'I.
Utility
All grades

Prime
Choice
Good
Con'l.
Utility
All grades

Prime
Choice
Good
Con'l.
Utility
All grades

Prime
Choice
Good
Coa'l.
Utility
All grades

Prime
Choice
Good
Co'l.
Utility
All grdes


CHICAGO
7466 9543 2895 5.5 8.8 3.0 1291 1307 1258 23.51 22.10 28.45
78483 60966 56656 58.2 56.0 58.3 1192 1189 1138 20.56 19.41 24.62
40789 31240 29083 30.2 28.7 30.0 1047 1068 1009 18.34 17.37 21.51
7339 5644 7355 5.4 5.2 7.6 980 975 980 15.83 15.23 18.16
866 1418 1110 .7 1.3 1.1 991 980 931 14.20 13.53 15.71
134943 10_8811_ 97099 114 14 )8_9 _9.87 18,.89 23.36.
13- 4 .- _. o .- .. ............ .....MAHA ..............4.. .. .o. 8 8..-..---.
OMAHA 1/
996 471 348 1,3 .8 .5 1303 1251 1253 22.63 22.36 26.38
44105 36455 34249 58.4 58.6 49.1 1169 1154 1114 19.42 18.78 23.37
25215 20951 26982 33.4 33.7 38.7 1030 1050 1013 17.65 16.82 21.14
3854 3444 6754 5.1 5.5 9.7 986 983 965 15.44 14,45 18.27
1383 851 1387 1.8 1.4 2.0 900 932 895 13.68 12.68 15.79
75553 62172 69720 1110 1056 1057 18 66 21.82 21.08
-------------------------------------------------------
-----------SIOUX CITY -- ---
930 1044 73 2.6 2.9 .2 1344 1379 1203 22.19 21.14 27.11
23456 18422 17505 64.6 51.6 47.3 1168 1190 1137 19.56 18.84 23.35
9846 14518 15162 27.1 40.7 41.0 1035 1095 1063 17.57 17.12 21.43
1668 1385 3529 4.6 3.9 9.5 1014 1001 994 15.56 14.70 18.26
386 304 728 1.1 .9 2.0 975 969 1016 14.03 13.01 15.62
36286 35673 36997 1128 1148 1091 18,93 18.07 22.01
..--..-..-- .- ...----- KANSAS CITY 1/........ ... ....
273 166 106 .9 .6 .6 1240 1244 1062 21.47 20.24 26.51
12356 11262 6212 41.9 39.8 35.7 1112 1110 1088 19,65 18.36 23.63
13897-13364 8974 47.2 47.2 51.6 1050 1054 1009 18,07 16.93 21.40
2467 3015 1850 8.4 10.6 10.6 1027 1024 97715.77 14.98 17.96
484 524 251 1.6 1.8 1.5 1017 980 962 14.15 13.04 15.75
29477 28331 17393 1075 1073 1033 18,55 17.28 21.86
-------------ST. LOUIS NSY 1/ ---- ----
39 6 62 .1 -- .3 1136 1102 1119 22.50 21.23 26.94
9388 7910 2237 29.4 29.6 11.9 1094 1128 1064 19.37 18.36 24.01
14263 12875 10816 4A.6 48.2 57.4 1008 1011 100017.80 16.84 21.96
6983 5311 5092 21.8 19.9 27.0 939 952 929 16.30 15.00 19.54
1314 628 648 4.1 2.3 3.4 872 858 807 14.49 13.03 16.56
31987 26730 18855 1013 1030 982 17.88 16 ,92 21,4?
---- -..--- -..................--.......... ..... o -.. O .......--- .---- -.-. -------
S. ST. JOSEPH 1/
262 151 126 .9 .6 .5 1219 1224 1231 21.20 20.21 25.75
14263 10204 10865 50.3 40.7 43.7 1133 1132 1108 19.46 18.65 23.71
10121 11554 11660 35.7 46.0 46.8 1048 1066 1008 17.71 17.07 20.87
3367 2802 1892 11.9 11.2 7.6 984 991 967 15.74 14.92 17.65
331 385 350 1.2 1.5 1.4 878 900 902 13,45 12.93 15.24
28344 25096 24803 r 083 1083 1048 18.41 17.49 21_.92
Contiooed.





BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
:. Percent of 0 Average price


SNumber of head : total Average weight
Shades (pounds)
-----------------_: _ygradjes
Grade :_ Week ended
: May : Apr.: May : May : Apr.: May : May : Apr.: May :
: 3 : 6 : 5 : 3 : 26 5 3 : 26 : 5 :
: 1956: 1956: 1955: 1956: 1956: 1955: 1956: 1956: 1955:
DENVER I/


in dollars
per 100 lb.

May : Apr.: May
3 : 26 : 5
1956: 1956: 1955


Prime
Choice
Good
Com' 1.
Utility
All grades

Grade


Prime
Choice
Good
Com'l.
Utility
All grades


85 91 26 1.2
5890 4936 4487 79.9
1236 1893 1112 16,7
90 97 108 1,2
76 46 -- 1.0
7377 7063 5733
: Apr.: Mar.: Apr.: Apr.:
: 1956; 1956: 1955: 1956:


176
19931
7652
454
247
28460


8 217


13224
5269
290
70
18861


15429
3084,
693
16
19439


.6
70.0
26.9
1.6
.9


1.3 .4
69.9 78.3
26.8 19.4
1.4 1.9
.6


1433
1149
1043
1043
1050
1132


1247
1157
1059
104 2
951
1129


Mar.: Apr.: Apr.: Mar.:
1956: 1955: 1956: 1956:
DENVER 1J
-- 1.1 1337 1039
70.1 79.4 1145 1151
28.0 15.9 1050 1075
1.5 3.5 1006 989


.4 .1 996
1117


964
1126


1171
1110
1025
1091

1094
Apr.:
1955:

1223
1102
1060
1019
993
1093


21.82
19,76
18,22
15.20
13.98
19.45
Apr.:
1956:

21.49
19.61
18.24
15.65
14.06
19.18


21.14 25.50
19.50 23.13
18.12 20.88
15.36 16.42
14.31 --
19.10 22.61
Mar.: Apr.
1956: 19F5


21.50
18.64
17.07
13.98
13.2 2
18.14


26.45
23.92
21.50
16.76
14.00
23.33


I/ These summaries developed from data collected on marketing of fed cattle
by the Agricultural Estimates Division.


ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND NEAT PRODUCTION
: n: Pork: Lamb : :
Beef Veal :Total: Total
Week : eef eal : (excl.lard) and Hutton meat otar
ended -- -- meat :lard
ended : Num-: : 'um-: : Num-: : Num-: :m :ar
: ber Prod. ber : Prod. ber Prod. : ber Prod. prod. :prod.
1 milb. 1 0 mil.b. 00 mil.b. 1000 mil.lb.mil.lb.mil.lb,
May 5, 1956 393 215.4 145 17.4 1,270 170.7 242 11.4 414.9 --
Apr. 28, 19F6 387 212.1 147 17.2 1,365 180.3 271 13.0 422.6 --
Apr. 21, 13561/ 374 -- 141 -- 1,237 -- 275 -- 43.5
May 7, 1955 378 202.2 140 16.5 1,040 143.8 292 13.5 376.0 38.0


Percentage change from:
Apr. 28, 1956 +2
May 7, 1955 +4


+2 -1 +1


+7


Cattle


:Dressed:


May 5, 1956 990 5
Apr. 28, 1956 990 5
Apr. 21, 1956 995 5
May 7, 1955 965 5
- Actual slaughter
2/ Excludes lard.


48
48
49
K35


-7


+4 +5 +22

Average weighg ht


-5 -11
+19 -17


ilb. -


Calves Hogs
Live :Dressed: Live iDressed
215 120 240 134
210 117 236 132


205
212


114
118


235
247


132
138


-12
-16


-2 --
+10 +17

:Lard


: Sheep :yield
Sand lambs :per
: Live :Dressed:100 lb.
97 47
98 48
99 48 --
z6 46 14.8


3?4


Week
ended


Live


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376
376 CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
-- - - -i- ------~---- ---------------C--------------
Chicago Kansas City Omaha
Classification May Apr. May May :Apr. May May Apr.: May
Classification : N
5 28 7 5 28 5 28 7
1956 1956 955 1956 1995 1955 956 1956 1955
------Slau-- --ghte--r catt---le-- ca-- -- --ves and vLea-lersJ
Slaughter cattle, calves and vealers
mmmem m-- --m-- *-- ------- ---- --------


Steers -
Prime 900-1100#
1100-1300
Choice 900-1100
1100-1300
Good 900-1100
Com'l. All wts.
Heifers -
Prime 600-800f
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 5001 down
Choice & Prime
Com'l. & Good


23.78
24.02
20,90
20,88
18.12
15,78


19.85
17.74
15.30

13.32
11.92
10,60

13.00
15.15

24.30
19.10

20.50
15.90


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


26.28
27.10
24.10
24.10
20.80
17.65


22.00
19.88
17.25

14.65
12.90
11.20

13.52
15.15

26.90
21.50

21.80
17.30


22.92
22.80
20.55
20.40
17.75
15.50


19.75
17.50
15.25

12.75
11.50
10.12


22.22
21.98
19.95
19.70
17.45
15.30


19.30
17.14
14.72

12.38
11.28
9.95


25.35
25.52
23.10
23.10
20.18
17.25


21.60
18.82
16.00

13.92
12.32
10.60


: 23.70
: 23.52
:20.62
: 20.62
: 17.45
: 15.12


:20.00
: 17.50
: 15.00

: 12.75
:11.62
: 10.25


-- -- : 13.12
13.80 13.50 13.79 :13.75


21.00
18.00

18.70
15.75


20.00
17.00

18.00
15.00


21.80
17.80

19.70
16.40


: 21.00
: 16.50

: 18.50
:15.00


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
13.74

21.00
16.50

18.50
15.00


25.72
26.10
22.70
22. 0
19.55
17.48


21.58
19.05
16.32

13.90
12.00
10.12

12.75
13.88

21.00
17.00

19.50
15.50


Feeder and stocker cattle and calves
Steers -


Choice 500-800#
Good 0 *
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd.
Cows All weights -
Medium & Good
Calves 300-500# -
Steers -
Good & Choice
Heifers -
Good & Choice


19.75
17.25
15,50

17.25
14.50


19.75
17.25
15.50


23.25
20.85
17.50


19.75
17.75
15. 50


19.25
17.00
14.75


22.70
19.85
16.80


17.25 19.75 : 17.75 17.25 19.30
14.50 16.25 : 15.00 14.50 16.30


: 19.22
: 16.75
: 14.25

: 17.00
: 14.38


-- -- -- : 11.50 11.50 11.75 :11.38


21.00 21.00 22.50 : 19.75 19.50 21.80 :19.25

17.50 17.50 19.50 : 17.25 16.75 18.65 : 16.38


18.70
16.30
14.02

16.68
13.90

11.25


19.08


23.50
21.00
18.00

19.50
16.50

12.00


22.75


16.18 19.50





HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
Interior Iowa and
Chicago southern Minnesota ndianapolis
Classification May Apr. May May Apr. May May Apr. May
Classification ""M "-i-----;"-------"--"--------- "--------------- .--------------- ------------
5 28 7 5 28 7 5 28 7
1956 1956 : 1955 :1956 : 1956 1955 : 1956 1956 195
Barrows and gilts -
U.S.No.l 160-180# 14.18 14.08 16.75 : 12.98 12.66 15.25 :-14.10 13.98 16.95
2 and 3 180-200 15.11 15.12 17.65 : 14,40 14.19 16.51 : 15.40 15.28 17.75
200-220 15.46 15.42 17.62 : 14.87 14.66 16.76 : 15.52 15.35 17.72
220-240 15.38 15.45 17.43 : 14.65 14.40 16.67 : 15.48 15.34 17.58
240-270 15.18 15.22 16.95 : 14.25 13.96 16.17 : 15.02 15.08 17.02
270-300 14.88 14.96 16.40 : 13.75 13.44 15.56 t 14.48 14.75 16.35
Sows -
300-330# 13.85 14.02 15.20 : 13.35 13.13 14.26 : 13.60 13.90 14.88
360-400 13.00 13.25 14.45 : 12.88 12.67 13.40 : 13.18 13.25 14.28
450-550 12.05 12.32 13.25 : 11.82 11.60 12.19 : 11.78 11.95 13.18
Pigs Stockerr and feeder)-
Gd. &Ch. 70-120# -- -- -- -- -- -- -- -- --
Omaha aSt. Louis Sioux City
SNational Stock Yards
Barrows and gilts -
U.S.No.1 160-180 -- -- -- : 14.75 14.85 17.24 : -- --
2 and 3 180-200 15.62 15.32 17.12 : 15.44 15.42 17.52 : 15.38 14.90 16.75
200-220 15.62 15.32 17.12 : 15.43 15.36 17.46 : 15.60 15.15 16.92
220-240 15.62 15.32 17.12 : 15.39 15.34 17.16 : 15.58 15.12 16.82
240-270 15.18 14.82 16.38 : 15,14 15.12 16.72 : 15,18 14.88 16.18
270-300 14.78 14.45 15.42 : 14.54 14.75 16.15 : 14.50 14.10 15.42
Sows -
300-330# 13.90 13.55 14.68 : 13.38 13.38 14.82 :14.20 13.75 14.65
360-400 13.55 13.18 13.60 : 13.00 12.98 14.45 : 13.50 12.88 13.70
450-550 12.60 12.22 12.60 : 12.20 12.12 13.32 : 12.32 11.90 12.38
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120# -- -- -- -
--------------------7--------------------------------------------------
S. St. Paul Baltimore N. Portland
--------------------------------------------------------------------------------------------
Barrows and gilts -
U.S.No.l 160-180# 15.12 14.55 17.15 : 15.97 15.81 18.06 : 16.62 16.59 19.48
2 and 3 180-200 15.80 15.45 17.28 :16.56 16.47 18.50 : 17.00 16.97 19.81
200-220 15.80 15.45 17.22 :16.56 16.47 18.68 : 17.00 16.97 19.81
220-240 15.75 15.28 16.85 :16.19 16.12 18.28 :16.75 16.72 19.69
240-270 15.48 15.12 16.28 :15.72 15.56 17.44 : 15.62 15.62 18.59
270-300 14.55 14.08 15.50 : 14.59 14.22 16.44 : 15.25 15.25 17.82
Sows -
300-330# 14.12 13.45 14.62 : 12.69 12.28 14.38 : 14.00 14.00 16.25
360-400 13.12 12.58 14.02 : 12.56 12.22 14.28 : 12.88 12.75 15.38
450-550 12.20 11.95 12.78 :11.50 10.69 12.06 :11.50 11.50 14.50
Pigs Stockerr & feeder)-
Gd.&Ch. 70-120# 14.05 13.50 17.50 -- -- -- -- -- --




378
HOGS: AVERAGE COST, WEIGHT. AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
--..- ------.- ------- ........... --. .----------......................................... ......... ..
'St.
Louis Kan- S. S. 8-
Chi- Natl. sas Omaha Sioux S. S. Indian- mkts.
Week ended cago Stock City City Joseph Paul apolis corn-
Yards bined
AVERAGE COST Dollars per 100 pounds
Barrows May 5,1956 15.16 15.19 15.23 15.22 15.14 15,27 15.14 15.30 15.20
and Apr. 28,1956 15.22 15.16 14.86 14.95 14.81 14.99 14.76 15.20 15.03
gilts May 7,1955 16.98 17.12 16.86 16.38 16.17 16.69 16.44 17.32 16.79
---------------------------------------------------------------------------------
May 5,1956 12.65 12.72 12.74 13.34 13.16 13.17 13.09 12.15 12.81
Sows Apr. 28,1956 12.82 12.77 12.59 12.93 12.69 13.08 12.72 12.25 12.72
Nay 7,1955 13.77 13.85 13.57 13.46 13.41 13.68 13.63 3..i3, 13,58
AVERAGE WEIGHT Pounds
Barrows May 5,1956 231 218 218 224 229 216 225 224 223
and Apr. 28,1956 231 218 219 226 228 216 224 223 223
gilts ay_..._ _71955... .241.... 221 ... 227 ____238 ..._241 _._22_9 __235 2...28 ....232
May 5,1956 419 406 413 389 379 382 383 439 405
Sows Apr. 28,1956 420 402 403 383 383 385 387 444 404
May 71... 955 423 416 416 428 389 382 -- 391 383 460 406
NUMBER OF HEAD -
Barrows May 5,1956 31581 56896 11053 27030 21022 22056 41191 38403 249232
and Apr. 28,1956 40343 60063 12623 34913 27785 26701 44205 45239 291872
gilts May 1955 36163 45384 8396 29363 21296 22564 33143 35364 231673
May 5,1956 7323 3684 660 4535 2743 1885 5865 5300 31995
Sows Apr. 28,1956 6713 4077 671 5283 2918 2021 5289 4749 31721
._Ma 71955.... 5229 2843 441 6185 3178 1758 5384 3754 28772
SOws Perce nta g.e of total
May 5,1956 19 6 6 14 12 8 12 12 11
Apr. 28,1956 14 6 5 13 10 7 11 10 10
..May 7 1955... 13.... 6 5 .17 _13 7 .. 14 10 .. 11
----ave-rage. -- ------- ------- ------ --------------,,,,-,,,,,,----,----------------
1/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
... ..." .. -I Gross spread
SHog products 1/ Hog prices 2/ : or margin 3/
May 5, 1956 $17.22 t15.46 $1.76 .
Apr. 28, 1956 17.65* 15.42 2.23*
.. .95.5.............J.,..*... .T...2.-. ......... .. -.........
1/ Value of all edible products, fresh basis (lard rendered) in 100 Ib. of live hog com-
puted from wholesale prices on carlot basis, Chicago, reported by National Provisioner
daily market report. *Revised.
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 gilts No. 3, yellow price ratio
Dollars per Cents per based on
100 pounds bushel ]/ barrows and gilts
May 5, 1956 15.16 153,2 9.9
Apr. 28, 1956 15.22 153.3 9.9
May 7, 1955 16.98 148,8 11.4
1J Simple average price.




379
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
a-- ----------- -,- ---- a a -------
St.
Louis Kan- S. S. 8-
Month Chi- Natl. : sas Omaha Sioux St. St. Indian- mkts.
cago Stock City City Joseph Paul apolis com-
Yards bined
A'VERAGE' COST '- -Dollars per 100 pounds--


Barrows Apr. 1956 15,13
and Mar. 1956 12.98
gilts Apr. 1955 16.90
Apr. 1956 12.84
Sows Mar. 1956 11.24
Apr.V 19.AG5 14.51
AVERAGE WEIGHT -


15.09 14.98 14.96 14.86 15.04 14.78 15.17 15.01
13.27 13.50 13.32 13.19 13.46 13.04 13.21 13.20
17.29 17.15 16.79 16.59 17.13 16.66 17.21 16.96
12.66 12.53 12.86 12.67 12.93 12.66 12.13 12.66
10.96 11.08 11.59 11.28 11.34 11.02 10.52 11.09
14. 4 14 .69 14.32 14.16 14 .67 14.18 13. 93 14.31
Pounds


Barrows Apr. 1956 233 219 218 226 230 216 223 223 223
and Har. 1956 235 219 218 227 233 217 221 222 224
gilts Apr.. 1955 ...244 ..220 229 242 ..245 230 233 227.. .23..
Apr. 1956 421 407 409 390 391 386 388 441 407
Sows liar. 1956 426 411 409 404 405 386 396 442 415
AEr.: 1955 425 411 425 399 396 394 ....387 -455 --411i-
NUMBER OF HEAD -
Barrows Apr. 1956 148223 249841 51271 133475 100627 1C4329 176475 164520 1133761
and 11ar. 1956 156726 268447 50796 139644 120336 114196 233708 211828 1301681
gilts Apr. 1955 .14r25772 186834. .2442 134097 102121 926846 ?4291 031869
Apr. 1956 24488 15683 2872 17413 8852 7543 18330 16661 111842
Sows 1ar. 1956 2173 14989 ,775 12035 5543 6601 12683 15571 91940
.A 19.55 _174"? 1Q0.4499 t. 8_67 r-9708 _7?2.e...182,?_...5?...a99 .
SOWS Percentage of total
Apr. 1956 14 6 5 12 8 6 9 9 9
Mar. 1956 12 5 5 8 4 6 5 7 7
----- .. 1955 11 6 4 12 9 7 10 8 9
---- --- ---- --- ---- --- -------... ..6 ..A ..-...---------..9 -- -- -- -------. -. ---- ........----
I/ Weighted average.
MONTHLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
---------------- ----- -- -- -- -- -- -- -- -- -
.. .. Gross spread
Hog products 1/ Hog prices 2/ or margin 3/
---------- .. ... F ------.. .. r - ----.". --. .i". _----- '.------ ....
Apr. 1956 917.19 $15.44 $1.75
lHar. 1956 15.80* 13.44 2.36*
.5.......... 19.00* 17.49 1.51*
1/ Value of all edible products, fresh basis (lard rendered) in 100 Ib. of live hog com-
puted from wholesale prices on carlot basis, Chicago, reported by National Provisioner
daily market report. Revised.
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. I/ Hog-corn
gilts 1/ No. 3, yelloW price ratio
Month Dollars per' Cents per based on
100 pounds bushel barrows and gilts
- - - I . . . . -- -. .
Apr. 1956 15.13 145.2 10.4
Mar. 19F6 12.98 132.1 9.8*
Apr. 1955 16.9C 146.0 11.6
1_ Weighted average. *Revised.





380
SEZEP A1JD LAMBS: WEEKLY AVERAGE CF DAILY QUOTATIONS
In dollars per 100 pounds
S: :Ogden A:South
:. Kansas : Fort : :North :San
Chicago Cmaha Denver
S: City : Worth : :Salt :Fran-
-- -- : :Lake i cisco
LAmBS (SPRING) -


and May 5, 1956
Apr. 28, 1956
May 7, 1955
'd May 5, 1956
Apr. 28, 1956
May 7, 1955


down (Shorn)
May 5, 1956
Apr. 28, 1956
ray Z,_1955
May 5, 1956
Apr. 28, 1956
M 7, 1955
Ma 71955

N.ay 5, 1956
Apr. 28, 1956
T-ay 7, 1955
May 5, 1956
Apr. 28, 1956
May 7, 1955


5,
28,
7,


LABS 105,
Choice and
Prime

Good and
Choice

EWES (SHORN)
Good and
Choice

Cull and
Utility

FE-DER LidBS


Good and
Choice

* cooled


May
Apr.
May
basis.


LIVESTOCK
MEAT





Live animal pric


Chicago
Wholesale
prices,


Composite
prices,


-- 25.


22.

24.


Choice
Prime

Good ar
Choice


90 26.28
60 24,15
-- 22.18
05 24.72
-- 22.85
-- 20.70


21.95 *
21.15*

21.30*
20.35*

22.45
21.08
19.52
21,75
20,45
18.78

5.60
5,85
6.,00
4.25
4,30
4.75


23.22
20.90
17.62
21,25
19.78
16.00


5,32
5.25
5.55
4,08
4.00
4.30


-- 25.35
- 21.50*
22.50


23.65
21.40
20.40


23.88
19.88*
20.75


23.00 23.12
20.75
20,75 20.50


21.75
18.55*
20.00


22.50
20.25


- 22.49 18.75


19.50
18.45
15.98


20.90 17.25

-- 16.50


6.62
6.88
-- 6.75
4.00
-- 4.25
-- 4.62


5.50
8.00*

3.25
5.25*


4.50

5.25
3.00

3.75


1956 15.40
196 -- -- 17.88
1955 -- -- -- -- --


PRICES AT CHICAGO COMPARED WITH WHOLESALE AND COMPOSITE RETAIL
PRICES AND WHOLESALE AND RETAIL MEAT VALUES AT NEW YORK
:_ tsers_ Lambs Hogs_
: Apr. : Mar. : Apr. : Apr. : Mar. : Apr. : Apr. : Mar. : Apr.
1956_: 1956 1955_t 1956 1 1956_: 1955 1956_:_156 1955
Dollars Iper I00Q pounds_


;es


7226R


meat
New York.. 37.72


22.00 27.18: 21,28


20,61 22.12: 15.43


13.45 17.35


3f.51 45.11: 40.42 38,42 43.40:


Cents per oound


retail meat
New York,.


55.36 53.33 67.83: 53.72 51.23 59.23:


Value of_carcass_meat from 100- live animal Idollars2


Wholesale New York
Retail Ilew York


22,63
26.02


21.31
25.07


27.07: 19,81
32.15: 25.36


22.45
20.90
18.20
21.30
19.52
17.50

6.00
5,00
5.12
4.38
3.75
3.88


18.83
24.18


21.27:
27.94:


19.36
24.23


18.20
23.07


21,86
27.40


~__


--


--


--


-- -





381
NEW YORK WHOLESALE MEAT TRADE REVIEW
Western Dressed Fresh Meats
:i- --- - -
Receipts of Western dressed steer beef were normal while volune of other
classes was moderate. The supply was ample throughout as demand was only fair
and trading held to a slow pace. The trade was highlighted by a strong to higher
price trend on most classes, with sizable upturns on veal and lamb. However, a
reverse situation prevailed for fresh pork items. Retail butchers, jobbers, and
snall chain outlets were most active, while participation by volume accounts was
mainly on a fill-in basis. Clearance of virtually all classes was cor.plete al-
though very slow on fresh pork. Compared with Friday the previous week: Steer
beef unevenly 500 lower to $1.50 higher; cow beef steady to $1.00 higher; veal
strong to $5.00 higher; calf strong to $2.00 higher; spring lamb $3.00 to $6.00
higher, old crop lanb steady to $4.00 higher; pork loins 1l.00 to $2.00 lower,
other fresh pork cuts $1.00 higher to $3.00 lower,
Choice 600-900C steer carcasses predominated with some increase in Prine steer
beef. Prices on the latter were about 500 off, but advances were registered on
Good and Choice offerings. Cow beef cleared readily in nost instances, and prices
were fully steady to 500 higher, the advance on high-Connercial.
Calf numbers were in the minority, but all grades and weights of veal were
represented. Prices worked higher throughout the list, with naximun upturns
registered on lower grade offerings. Old crop and spring lamb were represented,
latter comprising the bulk late. Prices surged upward and closed sharply higher.
Fresh pork prices were weaker as retail interest lagged. Most prinal cuts
eased off, with sizable declines on fresh loins. Snall early advances on fresh
skinned hams were well sustained, due mainly to the relatively few on offer.
Prices after midweek were under pressure.

Locally Dressed Fresh Meats

Donand for locally dressed fresh reats was good, with nost retail outlets
participating daily. A fair volume of fresh eats, particularly beef and pork cuts,
moved into large chain store channels through previous connitnents. Steer hind-
quarters and primal cuts sold steady, while kosher beef worked progressively lower.
Prices of veal and calf strengthened, but easiness developed on kosher offerings
toward the close. Lanb carcasses and hindsaddles worked progressively higher,
but kosher lanb foresaddles held barely steady. Most locally dressed fresh pork
cute declined.
A(ovenent of a nomal supply of steer hindquarters and wholesale prinal cuts
was fairly dependable. Denand for am chucks and rounds lacked urgency afterste
Wednesday. Prices on all steer cuts held steady for the week. A normal kosher
beef supply sold slowly and under constant pressure.
Daily clearances of veal and calf were usually complete, with prices strong
to higher on all grades and weights. This situation prevailed most of the wcck
despite less buyer action toward the close. Lamb kills consisted of both old crop
and spring carcasses, but numbers of the former appeared to be rapidly dwindling.
Prices turned upward and advances were well sustained. Demand for kosher lamb
foresaddles was only fair and fell short of wholesalers' estimates. Prices held
steady under pressure.
Prices on locally dressed fresh pork followed a weak pattern on all sessions.
Prices on loins and most other primal cuts were revised downward, the former in
instances selling in line with Western dressed offerings. Late stock positions
pointed to satisfactory clearances.
Local cattle slaughter was virtually the same as the previous week, but calf
slaughter was the largest of the year. The hog kill was below the previous week,
and was smallest since last July.





382
CHICAGO ETHOLESALE MEAT TRADE REVIEW

The week's moderate to normal supplies of steer and heifer beef and veal
were about the same as the previous week and proved sufficient for demand. Good
and Choice grades predominated. Lamb and fresh pork supplies were moderate, bulk
of the former consisting of old crop offerings. Trading as a whole was slow
although some cuts were in fairly good demand. Squarecut beef chucks and rounds
sold dependably at higher prices, while ribs and loins were slowest to move. Most
sellers were reluctant to cut beef hindquarters for rounds because of poor clear-
ance on loins. Higher prices on chucks and rounds were offset by declines on ribs
and loins and most wholesalers were unable to cut bcof profitably. Shipping out-
let for carlot beef was fair early in the week but action slowed toward the close.
In lamb cuts, legs were hardest to move despite price concessions. For the past
two weeks lamb replacement costs have advanced daily. However, salesmen on-
countered resistance to higher asking prices until late in the current week. Local
veal trade was slow to fair on the limited volume of lower grade carcasses under
80#. Pork loins declined as much as $6,00 compared to the previous weok's close.
Volume accounts proved best outlets for the current week's fresh meat supply, while
trade in distributive channels was slow. Most wholesale establishments expect a
carryover of lamb legs and beef loins. Otherwise, clearance at this level should
be fair, Conparcd to last Thursday's close: Prime beef about 500 lower, other
grades 500 to $1.00 higher; veal steady to $1.00 higher; lamb $2.50 to $4.50 higher;
pork loins 8-16f $5.00-6.00 lower; other pork cuts steady to $1.00 lower.

PACIFIC COAST WHOLESALE MEAT TRADE REVIEW

Supplies of most beef carcasses were fully adequate for a continued limited
demand on the Wost Coast. Moderate supplies of veal and calf carcasses were
sufficient for trade needs while spring lamb carcasses were barely adequate at all
points. Fresh and cured pork cuts were fully ample with curtailed production at
most markets. Denand was generally narrow with trading slow and selective on most
beef. Spring lanb trade was active with supply insufficient for the good demand.
Pork trade was fair to slow. Prices compared to a week earlier: Steer boef steady
to strong, instances Utility to Good $1.00 higher at Los Angeles; cow beef mostly
steady, with some sales $1,00 higher at Los Angeles; veal and calf steady in Cali-
fornia and weak to $2.00 lower in the Northwest; spring lamb $3.00-5.00 higher;
fresh pork loins weak to $3.00 lover at Los Angeles and in the Northwest and $3.00
higher at San Francisco; other fresh pork mostly steady, instances $1.00 lowor
at Los Angeles; smoked skinned hans steady to $2.00 lower at Los Angeles; other
smoked meats steady to $2.00 higher, the advance at San Francisco; lard steady to
$1.00 higher.
Choice steer carcasses under 700# cashed from $32.50-36.00, few to $37.00 at
San Francisco; 700-800# $32.00-33.00 in California; Good 500-700# $30.00-34.00;
Commercial $27.00-32.00. Good and Choice veal under 150' sold from $37.00-42.00
in California and $40.00-48.00 in the Northwest; sane grades of calf under 300-
$34.00-39.00; Conncrcial, all weights, $29.00-33.00 at Los Angeles. Choice and
Prime spring lamb under 550 sold from $45.00-50.00, with some orders unfilled.
Closely trinnmmed pork loins under 16# brought 943.00-50.00, few sales to $54.00 at
Los Angeles; shoulders under 16# ,24.00-32.00; Boston butts under 8# $30.00-38.00;
fresh skinned hams under 18# t44.00-50.00; spareribs under 3# $36.00-46.00; smoked
skinned hams under 18# $45.00-56.00; slab bacon under 10# $28.00-42.00; sliced 1-
bacon $36.00-46,00; lard in 1# cartons $13.50-19.00.





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

New York Chicago San Francisco
------------------------ --------------------
Classification | May Apr. May May Apr. May May Apr. May
5 28 7 5 28 7 5 28 7
1956 1956 1955 1956 1956 1955 1956 1956 1955

Beef -


Good 35(
CornmI.
Cow, all wts. -
Commercial
Utility
Veal -
Prime
Choice
Good


Spring lamb -
Prime

Choice

Good
Pork Fresh -


a


600-700,
700-800


0-600
a


3o-110#
U *
I a

10-50#

50-50

ill wts.


Loins 8-10 av.
10-12 "
12-16
Butts 4-8
Pork Cured ;:
Hams. smk., skd. -
12-161 av.
16-18 "
18-20 '
Bacon, smk.. slab -
6-8# av.
8-10 "
Sliced 1 # pkg.
Picnics, smoked -
4-8# av.
Backs, D. S. -
16-20# av.
Lard, 1# cartons -
Refined
Substitutes


Steer -
Prime


S Choice 500-600
600-700


46.10

41.30
38.00
33.00

30.00
26.90

44.50
38.30
34.30


38.90
38.90
:34.75
34.75
S32.15
29.00




:42.50
:38.00
:35.00


41.40
39.90
--
35.75
32.70
28.00

28.00
26.50

41.00
37.40
34.00

49.10

49.10
--
47.40

44.20
44.20
44.00
30.70


49.00
46.00



32.00
38.50


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


S41.10
:41.10
:40.0
:28.85


S51,95
:50.10
:50.10

:33.20
:31.55
:38.60


26,50 25.00 33.00 :30.75

14.00 14.00 15.00 :12.35


16.62
--


16.25
--


17.00 :16.50
-- : *


39.00
39.00
34.15
34.15
31.05
28.70




42.50
37.40
34.40

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


46.50
46.50
38.90
40.10
36.30
33.30


35.
34.
33.
30.


-- :28,
-- :25.


43.30
40.20
37.80


43.50*:
40.00*:
42.25*:
39.00*:
37.50*:

49.20 :
49.20
47.70
31.00


51.35 :
50.65 :
48.05 :

45.35 :
42.55 :
50.60 =


41.

45.
43.
44.
42.
42.

50.
51.
50.
36.'


54.1
52.(


40.
38.
42.(


30.75 34.55 :30.00

12.12 11.50 :


16.25 16.05
-- 28.00


:18.25
* -m


50 35.50
00 34.00
00 33.00
00 30.00

50 28.50
50 25.50



00 41.00

20 41.00
50
20 40.00
90 --
20 37.00

00 48.00
00 49.00
50 48.00
00 36.00


00 51.00
00 50.00


00 38.00
00 36.00
00 40.00


--

41.50
40.50
38.00
35.00

30.00
26.50

--
--
39.00

41.00

40.00

38.50

55.00
53.00
52.60
41.00


57.00
54.00


53.00
48.00
51.00


30.00 38,00



18.25 18.50
-- --


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


40.50*: 44.90*
38.90*: 43.20*
40.50*: 44.90*
38.90*: 43.20*
36.80*: 41.35*


50.70
50.70
48.60
35.00


51.90
47.40
--


40.50
49.50


.*
:*
*





384
BOSTON WOOL MARKET REVIEW
Movement of greasy domestic worsted wools in the Bostn. market continued
slow as approximately twenty cars were sold. Prices were about steady at last
week's level with most of the demand being for 3/8s and 1/4 blood wools. Movement
of scoured wools bnd noils was slow with prices about steady at last week's level.
Buyers for topmakers were active in the territory States and California. Sub-
stantial quantities of wool were sold and contracting continued in the Northern
States. Activity in the fleece wool States was good and a small quantity of 12
months wool moved in Texas. Several sales of Texas 8 months were reported, Aus-
tralian prices were up about two to five percent with Japan being one of the lead-
ing bidders. New Zealand quotations were firm at last week's level with Bradford
and Germany'buying. Cape markets reported no change but prices were firm with an
upward tendency. South American markets continued quiet.
Fleece Wools Delaine wools sold for 1.30 clean basis. One half blood good
French combing and staple was quoted at l$.13 clean basis. Graded Ohio 3/8s good
French combing and staple sold from 1,.02-1.04 clean basis, while graded quarter
blood sold for 980-99 clean basis. Two cars of mixed Ohio and Indiana 3/8s and
quarter blood sold for 540 grease basis. Country buyers continued to pay 420 in
the grease to growers.
Territory Wools Buyers for topmakers were active in the territory States
buying wool as shorn. Territory graded fine staple sold for l1.30. New Mexico
staple 64/70s sold for $1.30 clean basis. Original bag territory half blood sold
for $1.18 based on the core. Several thousand fleeces in the Sacramento Valley of
California sold for 44t-550 grease basis. One clip in Elko, Nevada area sold for
45 grease basis. In the Shoshone, Idaho area wool sold for 42 grease basis.
A substantial volume in Utah sold for 420 and 430. Around .90,000 pounds of wool
sold at a sale in Roswell, New Mexico, ranging in price from 35-3/44-44-5/80.
Substantial quantities of wool sol3 in Wyoming and Colorado at 360-440. Contract-
ing for choice original bag fine and half blood wools in hontana was reported at
450 and 500 a pound. Medium wools were reported moving in Oregon,
Texas Wool Texas 12 months original bag average and good French combing
wools sold around i1.25 clean basis,. delivered Boston. Several thousand pounds
of Texas 8 months wool sold in the Del Rio area for 510-530 grease basis. Turn-
over of Texas wools in the Boston market was very slow.
Mohair Prices of 872- for adult hair and 971u for kid hair were firm but no
sales were reported in the local market,' It was reported that only about 1- mil-
lion pounds of hair remained unsold.
Foreign wools Australian and Cape prices little higher, New Zealand market
firm. Cabled reports at week's end follows Australian type 56d at $1,32; 61B at
$1.39; 628 at -1.32; 63B at *1.23; 422 at t1.21; 423 at 1.07; 424 at $1.01; 425
at 940, New Zealand type 93 at 914;-834 at 894; 114 at e86; 128 at 850. Cape type
23 at $1.33; 27 at 1.26; 28 at 1.24; 32 at +1.21; 33 at 1l.19. Quotes based on
clean U. S. yield in bond.
Carret Wools Trade in carpet wools was stagnant but primary markets still
strong. Buenos .ires shippers asking 850 for November; New Zealand shippers ask-
ing 86C clean for shipment.
Wool Tops The wool tops market continued very slow with few sales of moder-
ate quantities. Quotes follow: Warp Australian dry-combed 70s at 1.92; 64s at
1,880; 62s at 41.70; 60s at 41.66. Oil-combed 58/60s at *1.60; warp domestic dry-
combed 64s at l.73; 62s at 1t.65; 60s at 41.60. Domestic oil-combed 58/60s at
$1.52; 56s at t1.36; 50/56s at 41.30 and 48/50s at 1.25.
Continued on page 385.




385


LIVESTOCK SLAUGHTERED, UNITED STATES, MARCH 19F6, WITH COMPARISONS 1/


Month
and
period


Mar. 1956
Feb. 1956
Jan.-Mar.195
Jan. -Mar.195


Mar. 1956
Feb. 1956
Jan.-Mar.195
Jan.-Mar.195
IJ Exclude


Month and
-__ period-

Mar. 1956
Feb. 1956
Jan. -Mar. 195
Jan.-Mar.195
1 Exclude
!/ Include


Ca--t--e--------------------------------
_: Cattle Calves
: : Other : : : a Other :
Av.
: Federally : whole- : Total live :Federally: whole-: Total
Total live Total
: Inspected : sale & : weightnspected: sale &:
.weight
: retail : : : retail:
- --- -. r l- $ .-~al.
Thousand head Pounds Thousand head
1,566.0 514.8 2,080.8 973 646,7 386,3 1,033,
1,483.5 515.1 1,998.6 981. 586.0 360.4 946
6 4,746.4 1,588.6 6,335.0 979 1,834.6 1,112.8 2,947
5 4,358.8 1,624.3 5,983.1 944 1,'40.1 1,251.1 2,991


6
5
s







6
5
s
s


6,326.6
5,922.3
18,954.2
15,647.9


Hog..
1,205.5
1,194.4
3,754.8
3,805.1


farm slaughter.


7, 52.1
7,116.7
22,709.0
19,453.0


: Sheep and lambs
228 1,215.8 1F1.1 1,366.9
230 1,163.2 155.0 1,318.2
231 3,708.0 469,2 4,177.2
237 3,547.1 426.4 3,973.5


Av.
Live
weight
Pounds
.0 197
.4 206
.4 206
.2 202


101
102
101
101


"Other wholesale and retail" slaughter is estimated.


MEAT AND LARD PRODUCTION, UNITED STATES, MARCH 1956 1/
S e : Lamb and : Total
Beef Veal Pork Lard
: : : : Mutton : meat 2 :
Mi 1 ion Pounds
1,131 113 955 66 2,265 254
1,087 108 41925 64 4/,184 232
3,447 336 2,941 202 6,926 759
3,082 333 2,636 193 6,244 650
farm slaughter. 2/ Excludes lard and rendered pork fat.
rendered pork fat. 4/ Revised. _Ariculural EsirtesDji v Diso ._
BOSTON WOOL MARKET REVIEW CONTINUED FROM PAGE 384


Sales of CCC Wools The Commodity Credit Corporation announced on May 3,
1956 that approximately 722,000 pounds of C.C.C.-owned wool, including wool tops,
were sold from bids received on a tot-a of about 2,161,000 pounds. The principal
grades, quantities and sales price ranges (before discounts, if any) follow:


Graded territory 1/2 blood ave. and good French
low 1/4
0. B. Texas, fall, best length
Graded fleece 3/8s blood staple and good French
3/8s ave. French
1/4 blood, staple and good French 50/54s
1/4 blood 48/50s
low 1/4 blood


Scoured shorn territory 1/2 blood staple & good French
woolen type 12 months 60s
8-12 months 60/64s
8-12 58/60s
Pulled grease worsted type FPs
Wool tops 64s French dry 2.25 inches
" 62/64s noble dry 2.9
62/64s French dry 2.9 "
58s noble dry 3 inches
58s French dry 2.4 "
X No more of this class now left in inventory.


Pounds
54,710
103,525
12,763
212,793
15,107X
104,457
25,896
12,515
14.,057
22,500
22,181X
17,129
19,000X
14,720
5,009
5,188
4,828
5,235


Price Range
$1.103
$.90 .931
1.0725
1,05 1.0725
.83 .98
.983
.961
.92 ,931
1.241
1.0025-1.015
.88 -1.001
.937
1.06
1.50
1.50
1,50
1,30
1.25




UNIVERSITY OF FLORIDA

3 1262 08734 5798
U. S. Department of Agriculture Penalty for privau. use to avoid
Vashington 25, L. C. payment of postage $300.

OFFICIAL BUSINESS

Form AMS-5/8/56
Permit 1001.


UNIVERSITY OF FLORIDA
LIBRARY
DEPT OF GENERAL INFOR A SER
3-15-56
LS-CLS GAINESVILLE FLA


-------------------------------------------------------------4

SHEEP AND LAMBS CONTINUED FROM PAGE 369
420.00-24.00, Cull to low-Good old crop offerings 12.00-20,50. Cull to Choice
shorn slaughter ewes sold from '2.50-6.75,
WESTERN LIVESTOCK REVIEW
Slaughter steers, heifers and cows closed mostly steady to 500 higher; vealers
and slaughter calves 500-41.00 lower at Denver, t1.00-2.00 lower at Portland,
steady to l$.00 higher at other markets; stocker and feeder cattle steady at most
points; barrows and gilts largely steady to 250 higher; slaughter lambs steady to
500 higher at Portland with advances of 1,30-2.75 at other terminals. Choice
slaughter steers brought 1l9.50-21.00 at Far best public markets; Good $18.00-
19.00; Good and Choice at Denver 17,00-21.00, a load of high-Choice and Prime
1427# steers at 21,25. At Ogden most Good and Choice offerings brought $16.50-
19.25. Choice vealers sold in the northwest from t26.00-29.00, Good and Choice
over the entire area t18.00-25.00; same grades of slaughter calves 16.00-22.00.
Most Good and Choice stocker and feeder steers cleared from 417.00-19.00, few 530-
560# at Stockton k19.25-19.50; same grades stock steer calves 18.00-20.00,
Direct trade on slaughter steers and heifers at California feedlots reflected
strong to 500 higher prices. Good End Choice steers brought l19.00-21.00, high-
Choice 12P0# .21.25, part load 900# 422.00. Stocker and feeder steers grading Good
and Choice sold for immediate delivery from t17.00-18.00, around 75 head yearlings
contracted in Northern California for Play 25 delivery at t19.00.
U. S. No, 1 to 3 1PO-240# barrows and gilts brought %17,00 at S. San Frank.
cisco; l17.50 at Stockton; 416.50-17,2F at Los Angeles; 416.25-17.75 at Portland;
t16.25-16.35 at Spokane; 116.75 at Ogden and t15.25-16.00 at Denver. Choice 93#
native spring slaughter lambs bulked at Denver late at t26.25, Choice and Prime
earlier $24.50-25.50. Good to Prime spring lambs brought t22.50-24.50 at Portland;
Good and Choice at other Western terminals 221,00-23,50, Direct trading on Cali-
fornia spring lambs was 500-t1.00 higher. A few loads of Good to mostly Choice
96# lambs sold in the San Joaquin Valley for immediate delivery at .22.50,
Scattered loads of Good and Choice lambs sold in the Sacramento Valley on the same
basis at $22.00-22.50, one band of around 2,000 head for near term delivery at
$22.75, these expected to be mostly Choice.

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