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:
AA00012178:00020

Related Items

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


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Full Text










vUad LIVESTO .i DIVISION




MARKET REVIEWS kND STATISTICS 5
.*I Vol. 24, No. 22 ia 1956
Week ended May 26


Livestock Market Reviews . .
Livestock Market Receipts . 434
Feeder and Stocker Statistics . 434
Steer Sale Statistics . 435
Estimated Slaughter and Meat Production 436
Slaughter at Major Centers. .. . 437
Cattle Prices . .. .. ... .. 438
Hog Prices . 439
Hog Purchase Statistics .. .. 440
Sheep and Lamb Prices ... 441
Estimated Percentage of Feeder and Stocker Cattle
and Slaughter Cows in Salable Leceipts. 4A1
Wholesale Meat Trade Reviews. 442
Wholesale Meat Prices 444
Wool Market Review ...... 445
Special to this issue
Federally Inspected Slaughter and Revised Estimates
of Meat Production, by weeks, April 1956. 437
Classification of Livestock Slaughtered in the
United States, April 1956 . 446
Percentage Distribution, by Classes, of Cattle
Slaughtered under Federal Inspection, April 1956. 446
United States Federally Inspected Slaughter and
Meat Production, April 1956 . 447
United States Exports and Imports of Meats,
March 1956. . .. 448
United States Exports and Imports of Livestock,
March 1956. . 449
Total Meats, Meat Products, c.nd Syproducts Graded
or Certified, hpril 1956. . 449

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


Wedctd


'E11-WAgl





432
MIDWEST LIVESTOCK MARKET REVIEW

Cattle receipts increased moderately compared with a week earlier, but were
of about the same volume as a year ago. Fed steers closed steady to 50# lower at
most midwest markets, instances 1,00 off, with some strength late on a few sales
at Chicago. Price trend was also uneven on heifers while cows declined mostly
50#-1.00. Some expansion in marketing of cattle and further weakness in whole-
sale dressed beef were bearish factors in the week's cattle trade. Feature of the
hog trade was the development of an extremely uneven price trend. Closing sales at
Eastern porn Belt markets were steady to 750 higher, while prices in the Western
Corn Belt showed an opposite trend. Slaughter lambs sold unevenly $1.00 higher to
$1.00 lower at midwest markets.
SLAUGHTER CATTLE AND CALVES
Slaughter steers weighing around 1100# and below were in best demand and bulk
of these sold at steady to weak.prices with heavier weights weak to 500 or more
lower. At Chicago, however, steers grading average-Choice and Prime closed steady,
with other grades steady to 250 higher after being as much as 50# lower early in
the week. At St. Louis National Stock Yards Good and Choice offerings were mainly
25-50# off, while at St. Joseph where one major packer was out of the trade due to
labor trouble, closing sales were 50-1,00 lower. Receipts of salable cattle at
12 markets showed a moderate increase compared with the previous week. An ad-
ditional bearish factor in the fed steer trade was a weaker trend in wholesale
beef, particularly Choice and Prime, thus narrowing the spread even further between
the grades of dressed beef. Less than 4 percent of the beef steers at Chicago con-
sisted of straight lots of Prime offerings, while at other points most of the
limited number of Prime steers were confined to those mixed with consignments of
high-Choice, About 954 of the fed steers at Chicago, Omaha and Sioux City graded
Good and Choice, with the latter predominating. The average weight of beef steers
at Chicago at 1134# was 9 pounds heavier thbn the previous week, but the average at
Sioux City was 10 pounds under a week earlier. Supplies of heifers were usually
moderate to small and these along with the lighterweight steers found rather
dependable outlet, Heifers closed steady to 25# higher at Chicago, 50-$1.00 lower
at Kansas City and St. Joseph, instances 50 lower at St. Louis National Stock
Yards, largely steady elsewhere in the midwest, Marketings of cows increased
particularly from areas lacking sufficient moisture, and closing prices were mainly
500-1.00 lower. Bulls sold largely steady to 500 off.
A few loads of Prime 1045-14554 steers brought t23.00-24.00 at Chicago, some
high-Choice and Prime 421,25-22.50, bulk Good and Choice $17.25-21.00. At other
midwest terminals occasional loads of high-Choice to Prime steers brought $20.50-
22,00, bulk Good and Choice t16.75-20,00. One load of high-Choice to mostly Prime
10454 heifers reached $21.85 at Chicago, highest price for straight heifers in
4 weeks. Good and Choice offerings bulked at midwest terminals from $16.50-20.50.
Vealers and slaughter calves closed steady to A3.00 lower for the week. Most Good
and Choice vealers brought t19.00-24.00 at S. St. Paul and St. Louis National Stock
Yards, high-Choice and Prime reaching t25.00.
STOCKER AND FEEDER CATTLE AND CALVES
Receipts of stocker and feeder cattle at terminal markets increased moderately
compared with the previous week and a year ago. Shipments of steers to the country
from the 10 markets during the week totaled 16,669, compared with 13,297 the previ-
ous week and 12,029 a year ago. General quality showed seasonal deterioration as
a relatively large proportion consisted cf Medium and Good grades with an increased
percent of these made up of small lots of trucked-in offerings. Scattered ship-
ments of Choice yearling and two-year-old steers were marketed but calves grading
better than low-Choice were extremely scarce. Trading was slow with prices uneven-
ly steady to tl.00 lower. Common to average-Good stockers both calves and





433
yearlings, showed most decline. Insufficient moisture and lack of good pasturage
in some areas as well as the recent bearishness in the fat cattle trade were among
factors tending to discourage demand for stockers except at considerably lower
price levels. However, even though the current price relationship between fats
and feeders is not overly favorable, demand was fairly dependable for the limited
number of well-bred feeder steers on offer and prices on this class seldom showed
more than a 25-500 downturn, with sales often at steady or near steady prices.
A limited number of three to six-year-old cows sold to stocker buyers but a poor
demand existed for older cows. In some instances, salesmen had to separate cows
and calves in order to find outlet. Usually such offerings either lacked some-
what in quality or included cows seven years or more in age.
Good and Choice feeder steers 800# up sold largely from $16,50-19,00. Good
1116# offerings were included at $16.50, Choice 1020# at $18.00. Choice 714#
yearling feeders reached l19,75, and in one instance a finisher paid $20.25 for
Choice partly-fattened 8674 steers. Good and Choice yearling stock steers sold
from $16.00-20.50, but not many exceeded t19.50. Common and Medium stockers
cashed from 11.00-15.50. Good and Choice yearling heifers ranged from $15.00-
18.00, A few Choice steer calves brought $21.00 and heifer calves occasionally
reached $19.00.
HOGS
Mixed price trends developed in the midwest hog trade following three weeks
of sustained upturns that carried general price levels at most markets to the
highest basis since last July, At the close of the previous week prices at
Eastern Corn Belt terminals were relatively low compared with those paid in the
Western portion of the area. In somewhat of a readjustment during the week under
review prices at Eastern Corn Belt markets closed steady to 75# higher, while at
Missouri River markets and S. St. Paul, as well as in Interior Iowa and Southern
Minnesota, late prices were barely steady to 75# or more lower. Expansion in
marketing in the Western Corn Belt and moderation in receipts farther east played
a part in the readjustment. The week's price changes affected all weights of
butchers about equally but in the sow class heavy offerings declined more than
lighterweights. Wholesale fresh pork prices showed further advances which were
reflected in a good shipping demand for hogs. Combined receipts expanded compared
with the previous week when the volume was smallest since last August. The in-
crease was mainly in Western parts of the Corn Belt. Bulk of the butcher supply
consisted of 190-250# weights with scattered lots weighing 260-330# also included.
Most butchers were mixed lots of No. 2 and 3 grades. Competition was keen for the
comparatively small number of U.S. No. 1 and 2 10-220# lots which sold 25-75#
above bulk prices for comparable weights. Uniform lots No. 1 and 2 190-220# sold
from $18.00-18.65, a few up to t19,00 at Chicago. Bulk of the less uniform No. 1
to 3 180-250# closed at $16.50-17.50 in the Western Corn Belt and mostly 17.50-
18.25 in the Eastern part of the crea,
Stocker and feeder pigs sold steady to week at midwest markets. Good and
Choice brought mostly $14.50-15.25 at Sioux City, few early $15.75, late sales at
S. St. Paul t15.00-1 .50, some early to $16.00. Scattered lots 100-140# feeders
brought $13.00-13.50 at Kansas City. Prices at Memphis were 50#-$1.00 higher,
Medium and Good 70-140# feeders selling from $ll.00-13.00, few Good and Choice up
to $14.00,
SHEEP IND LAMBS
Erratic price trends characterized the week's trading in spring lambs. At
Chicago, for instance, prices moved sharply upward on Tuesday, placing sales of
Choice and Prime offerings at 427.50-29.25. Part of the advance was lost toward
the close, with late sales of Choice and Prime around $1.00 higher for the week
at $26 50-28.00. At Missouri River markets and S. St. Paul spring lambs closed
unevenly steady to $1.00 lower Choice and Prime mainly R25.00-26.50 mostly
$26.00 and below late with a lew lots of Prime lambs early at N27.00-27.50. At
Indianapolis prices advanced $1.50-2.00 during the week, Good to Prime lots cash-
ing from $24.00-28.00. Spring lamb trade at Ft. Worth, where marketing are
seasonally liberal, was featured by a price break of k3.00 during the week, Old-
Continuied on page 450,






WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS


-------------------------------------------I
S Cattle
I a i ,
Marker. ay. May
26 j 28
.....---.... 1956 _1955 .


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


42,785
3,833
13,726
14,041
9,604
20,650
18,783
39,322
14,617
16,672
19,979
22,021


46,100
4,363
15,074
13,707
8,953
17,007
13,664
42,841
13,288
15,541
22,334
21,007


Calves Hogs nt Sheop
.---.--.. ---------- -"-.--; -----. ---- .--.---.----.-. --------
May May May May May May
26 28 26 28 26 28
-1956 :...1955 ..1956 1955 1956 1955
- -- ------------ --- -


2,200
1,415
895
2,044
1,230
2,199
2,141
1,199
1,754
3,831
289
8,000


2,080
1,469
523
2,766
1,767
1,453
1,194
855
825
3,906
242
8,584


38,632
12,760
2,959
3,277
38,492
12,461
5,857
32,237
24,088
57,230
22,841
40,373


46,602
10,583
2,346
2,361
34,204
6,922
3,015
35,827
22,997
35,084
28,422
45,533


3,292
625
4,462
35,257
744
9,354
3,619
7,884
5,465
3,555
4,927
2,306


8,964
606
4,155
42,868
743
7,533
3,580
11,965
4,018
5,098
6,261
4,690


Total----.....--..-- 236,033 233,879 27,197 25,664 291,207 273,896


81,490 100,481


May 19, 1956 209,241 21,929 289,689 79,257
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
May 26, 1956 ................ 244,000 22,800
May 19, 1956 .--.....-----.... 207,100 18,400
May 28, 1955 .--..---........ 266,000 29,700
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT, AND NUMBER
S.Week ended .. Month : Four months
:May 24 May 17 May 26 Apr. Apr. : Jan.- Apr.
S1956 1956_ 1955 : _1956 1955 1956 1955
-- -- -- -- -- -I-- -- -------------------------------- A--------------------------------------------------------
Steear 1ol001. u"p 414 240 345 2, 058 3,670 66,935 10,955
901-1000 581 634 941 5,131 8,283 23,042 34,570
801-900 1,786 1,500 1,316 8,812 11,346 46,133 51,987
701-800 3,090 2,744 2,268 13,629 13,611 55,399 55,890
501-700 10,798 8,179 7,159 39,430 42,816 146,017 159,351


Total steers 10 mkts.
Av. wts." "t
Av.cost*" ""
"Chicago
Ks. City
Omaho
"S. St. Poul
"Sioux City
"Denver
Ft. Worth
Oklo.City
S. St. Joseph
Natl. Stk. Yds.
Total calves-10 mkts.


16,669 13,297 1
678# 682#
$16.84 $17.40 $
18,64 17.85
17.47 17.82
17.20 17.53
16.17 16.11
17.80 18.29


18.01
15.85
15,29
16.32
16.63
6,898


17.37
16.62
16.65
16,52
17.31
6,936


2,029
692#
18,54
19,81
19.40
18.76
17.09
18.94


19.25
17.18
17.44
17.58
17.93
4,979


69,060 79,726
697# 716#
$17.32 $20.52
18.41 20.96
17.81 21.25
17.13 20.67
16.36 19.04
17.67 20.77
17.49 20.96
16.87 19.23
16.30 19.36
16.77 20.03
16.92 19.69
19,195 29,732


277,526 312,753
708* 718P
$16.83 $20.13
17.34 20.30
17.36 20.90
16.65 20.17
15.46 18.24
17.09 20.48
17.34 21.78
16.46 19.11
16.27 19.21
16.54 19.84
16.35 18.99
91,570 125,293


t cows.
heifers,bulls-"" 4,777 4,406 3,083 14,560 17,326 49,528 63,793
* Ht odjiustd (or differences in grader of cottnl old at each market.






BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
-------- ------------- -t
Percent of Average price
,* : /. c Average weight d
Number of head total (pounds) in dollars
pounds;) .
by qrudrs per 100 lb.
G a e --------------------- ----- WQ' n e -----*-------- -0 b
Grade Week ended
"--"'-------- ------- -------- -------------r"-- -"--- ---"
.. May I .a ay ayay
24 : 17 : 26 24 17 a 26 24 17 : 26 24 : 17 26
1956 : 1956 : 1955 .1956 1956 1955 1956 1956: 1955 1956 1956 1955
------CHICAG-----------O------- -----------------------
CHICAGO-


C


Primem
Choice
Good
Coa'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


1135 793 852 3.7 3.4 2.9 1264 1295 1251 22.57 22.58 25.01
19320 14971 17258 62.6 64.5 59.1 1183 1170 1138 20.66 20.52 22.77
9829 6659 9349 31.8 28.7 32.0 1036 1026 1019 18.89 18.65 20.57
535 656 1584 1.7 2.8 5,4 945 929 980 16.06 15,77 17.28
67 126 184 .2 .6 .6 803 902 916 14.45 13.81 14.87
30886 23205 2_9227 1141_ ~~ __ 134 _1125 _1093 20 ,.5" 19.97 21,88
OMAHA 1/
101 95 213 .6 .5 1.1 1251 1297 1337 21.43 21.39 24,14
12034 10964 11818 67.3 65.3 59.8 1142 1142 1109 19.56 19.53 21.52
4951 4966 6337 27.7 29.6 32.1 1011 1018 1004 17,86 17.87 19,33
646 637 1111 3.6 3.8 5.6 948 943 974 15,39 15,26 16.73
147 129 284 .8 .8 1.4 866 857 916 13.70 13.61 14.61
17879 16791 19763 1097 1096 1068 18.97 18.91 20 56
SIOUX CITY --
38 -- 34 .4 -- .3 1264 -- 1280 21.00 -- 24.62
6326 6462 5780 71.6 75.6 61.9 1132 1136 1113 19.42 19,53 21.33
2163 1635 2810 24.5 19.1 30.1 1014 1026 1007 17,92 17.81 19.23
292 341 639 3.3 4.0 6,8 1020 1007 995 15,81 15.87 16.90
21 108 82 ,2 1.3 .9 866 10"5 1006 13.94 14.22 14.35
8840 8546 9345 1099 1109 1073 18.97 19.02 20.41
----- .-.-- -- MM ---- -- ----- ---- ---- -- -------. -^ ^--- -- -- -- -
KANSAS CITY 1/
23 56 99 .4 .9 1.9 1087 1041 1124 20,92 22.04 23.79
2391 2883 2830 46.0 49.8 54.8 1096 1083 1107 19.67 19,88 22.20
2501 2373 1877 48.0 41.0 36.3 1064 1084 1013 18.34 18.33 19.58
251 428 318 4.8 7.4 6,2 995 1005 897 15,40 15,80 16.47
34 53 40 .8 .9 .8 878 937 907 12.63 13.93 13.89
5200 5793 5164 1074 1076 1059 18.81 18.93 20.97
ST. LOUIS NSY 1/
-- -- 23 -- -- .5 --- 145 -- -- 2486
1948 1967 1632 38.5 31.2 34.6 1083 1084 1024 19.86 19.86 21.97
2208 2905 2114 43.6 46.0 44.9 1001 962 946 18.70 18.59 20.05
659 1202 751 13.0 19.0 15.9 915 888 863 17.22 17,13 17.42
246 239 193 4.9 3.8 4.1 887 797 840 15.31 14.93 14.97
5061 6313 4713 1016 980 956 18 86 18.66 20 23
S. ST. JOSEPH 1/
1 2 40 .1 -- .7 1030 1102 1026 21,46 22,00 22.80
3136 3313 2670 57.8 51.3 44.0 1114 1120 1111 19,15 19.75 21.68
1694 2505 2544 31.2 38.8 41.9 1028 1048 1036 17.65 17.96 19.67
504 520 687 9.3 8.0 11.3 958 958 1008 15,09 15.55 17.16
89 122 124 1.6 1.9 2,1 869 892 872 13.10 13.92 14.96
5424 6462 6065 1069 1074 1063 18.28 18.68 20.27
Continued.





436
BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
..-..------------- -------.--.------------ --- ......................-- -
SNumber of head total : In.dollars
(pounds)
,.-......-...........-..y-.gra.----.-.u... a
by grades : per 100 lb.
--------------------------------------------------------------------------r-------------
Grade Week ended
a MaU Ma, Ma
24 NM 26 24 :1M 26 24 M1 26 M4 26
1956 1956 1955 1956 1956 1955 1956 1956 1955 1956 1956 1955
.........................---------.. ... .............. .. ...i
DENVERI/
Prime 174 168 71 2.8 2.8 1.1 1317 1296 1196 21,42 22.00 23.19
Choice 4932 4652 4945 77.8 78.5 77.2 1138 1126 1111 19.50 19.53 22.16
Good 1149 936 1297 18,1 15.8 20.2 1014 1051 983 18.6118.07 20.83
Com'I. 81 59 97 1.3 1.0 1.5 951 1054 828 15.08 14.99 15.36
Utility -- 111 1.9 -. 911 -- 14.18
All des 6336 5926 6410 1118 1114 1082 19,37 19.27 21.93
All gode........ ...I ........ ........................................ .. ..................... ...
V These summaries developed from data collected on marketing of fed cattle by the Agricultural Estimates
Division.

ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
---------------- ----------------------
Bef Vaal Lob and Total Total
Week e e (oxcl. lard) mutton t o
k )---.----------.---- ---- .-----------.................-----------------....... meat lard
ended u m-. P Nu um- Pr. Num. P. p
her r od.wbet I .Nuts-I
t: Prod. u r r roN r.: Prd., prod.. rod.
her er b"r ". oar k f
~~0 0 il lb 110 ----------------------- ....................a..... ---------a---------
1,000 il. lb. 1000 mil. b. 1000 mi l b. l 000 il. lb. lb. mil. lb.
May 26, 1956 360 196.6 137 17.3 1,013 138.3 230 10.8 363.0 --
May 19, 1956 349 190.6 129 16.0 1,021 139.8 230 10.8 357.2 --
May 12, 195614 375 133 -- 1,155 -- 251 41.7
May 28, 1955 368 194.6 141 17,6 942 134.1 275 12.8 359.1 36.1
Percentage change from:
May 19, 1956 +3 +3 +6 +8 -1 -1 0 0 +2
Mag 28 1955 -2 ...+1 ....- ...... -T ....... t3 ...... 463.. -." +1 --
.----------------- ........................... I I".'" .............................. :........
Average weihts fL.) Lard
Week tl Ca Sheep and yield
., Cattle Calves Hogs ,
ended : lambs per
.............. ..V';.. "LV'-^... I~os Id --- 100vj.j r. l b-.-
i Dressed Live Dressed Live rr6ive 1Dress 00 lIb.
May 26, 1956 985 546 230 126 245 136 96 47 --
May 19, 1956 985 546 225 124 244 137 96 47 --
May 12, 1956 990 548 220 121 240 134 y6 47 --
May 28, 1955 955 529 227 125 258 142 96 47 14.8
-------------------------------------------------------------------------------------------I
1/ Actual slaughter, .- '
2/ Excludes lard.








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437





438 CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
.---------------. .- ------ ----------------I-------- i------ ----------- ii II--------- -- i ---- 01--. i- ii-
!


Classification


Chicago Kansas City Omaha
-----.-.-"-"---------- ------------" -"-......... ..--.--...... -------
May 'y ay : May
26 19 28 26 19 28 26 19 28

Slaughter cattle, calves and vealers
-- I q l ll-- -- .-- .- I- -.- i i---- -


Steers -


Prime 900-1100#
1100-1300
Choice 900-1100
1100-1300
Good 900-1100
Com'l. All wts.
Heifers -
Prime 600-8000
Choice I
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 500-8001
Good a "
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd. '
Cows All weights -
Medium & Good
Calves 300-500j -
Steers -
Good & Choice
Heifers -
Good & Choice


23.05
23.35
21,08
21,08
18.52
16.00


20.22
18.18
15.88

13.52
S12.35
S11.22

13.15
14.86

24.50
19,50

20.20
. 16.00


23.25
23.58
20.98
20.90
18.48
15.90


13.98
17.98
15.68

13. 78
12.45
11.28

13.00
14.88

25.10
20.00

21.00
16.50


25.25
25,58
23.38
23.35
20.28
17.02


21.92
19.66
16.68

13.88
12.32
10.72

13.25
15.20

23.60
19.10

20.30
16.30


22.00
21.50
20.00
19.62
17.42
14.95

-
19.40
17.06
14.48

12.60
11.35
9.85


22.32
21.82
20.30
19.90
17.78
15.75


20.00
17.68
15.25

13.38
12.12
10.70


t 13.30 13.88

20.00 21.00
s 16.80 18.00

3 17.50 18.75
: 14.80 16.25


24.52
24.58
22.28
22.28
19.40
16.45


21.28
18.72
16.00

13.42
11.90
10.15


22.42
22.25
19.98
19.85
17.30
15.00


19.62
17.25
15.00

12.65
11.70
10.38


22.75
22.62
20.08
20.05
17.32
15.00


19.70
17.28
15.00

12.88
11.88
10.52


-- t 12.75 12.75
13.25 i 13.50 13.50


21.10
17.00

19.50
15.50


: 21,50 21.30
: 16.50 16.50

i 18.50 18.50
: 15.00 15.00


24.50
24. 5
21.82
21.82
19.08
16.75


21.45
18.82
16.50

13.40
11.70
9.90

13.12
13.62

20.00
16.00

18.50
14.50


Feeder and stocker cattle and calves
-------------------------e---------


20.12
17.75
15.62


19.98
17.48
15.50


22.70 2
20.50
17.25 a


19,50
17.20
14.80


19.95
18.05
15.55


22.75
20.00
16,75


17.62 17.45 19.30 a 17.50 18.50 18.75
15.00 14.70 16.25 : 14.75 15.25 15.75


19.38
17.25
14.62


19.75
17.50
14.75


i 17.38 17.75
r 14.88 15.00


-- -- -- s11.00 11.25 11.25 : 11.38 11.38


20.75 20.80 22,00 : 18,85 20.00 21.62 : 19.25 19.50


17.50 17.50 19,00 s 16.80 17.50 18.25 1


16.75 16.75


21.75
19.50
16.75

18.50
14.75

10.75


21.25

17.50


I.
r





HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 4s
In dollars per 100 pounds
------------------------------------------ ---------------------------------------
S Interior Iowa and
Chicago southern Minnesota Indianapols
Classification Ma-------- May ---- --------- Ma----y -
26 19 28 26 19 28 26 19 28
------------.- 1956. 1956. 1955 1956 1956 1955 1956 1956. .. ..
Barrows and gilts -
U.SiNo.1 160-180f 16.85 15.88 17.40 : 15.09 14.78 15.90 : 16.48 15.28 17.92
2 and 3 180-200 17.96 16.90 18.52 : 16.59 16.27 17.15 : 18.05 16.95 19.05
200-220 17.98 17.14 18.41 : 16.96 16.66 17.40 : 18.16 16.90 18.82
220-240 17.92 17.06 18.20 : 16.74 16.44 17.02 :17.95 16.88 18.55
240-270 17.60 16.71 17.35 : 16.30 16.00 16.41 :17.60 16.50 17.50
270-300 17,32 16.36 16.49 : 15.78 15.47 15.65 : 16.82 15.98 16.35
Sows -
300-330# 15.82 15.08 15.42 : 15.41 15.10 14.32 :14.88 13.95 14.90
360-400 15.12 14.38 14.25 : 14.80 14.60 13.30 :14.42 13.48 13.95
450-550 14.05 13.30 13.00 : 13.58 13.48 11.95 :13.45 12.75 12.62
Pigs Stockerr and feeder)-
Gd. &Ch. 70-120# -- -- -- -- -- --
Omaha SSioux City
^ Omaha :National Stock Yards Soux City
Barrows and gilts -
U.S.No.1 160-180i -- : 17.06 16.22 18.61 : .
2 and 3 180-200 17.52 17.12 18.00 :17.72 16.91 18.84 :16.82 16.72 17.42
200-220 17.52 17.12 18.00 :17.78 16.91 18.78 :17.36 17.18 17.75
220-240 17.52 17.12 18.00 :17.78 16.91 18.54 :17.24 17.12 17.65
240-270 17.05 16.82 17.08 :17.40 16.58 17.80 :16.88 16.80 16.75
270-300 16.65 16.38 15.88 : 17.01 16.11 16.72 :16.25 16.22 15.65
Sows -
300-3300 16.08 15.62 14.82 :15.55 14.80 14.90 :16.02 15.72 14.82
360-400 15.32 15.02 13.55 :15.18 14.42 13.82 :15.30 15.20 13.35
450-550 13.78 13.72 12.12 :14.30 13.68 12.45 :14.08 14.05 11.72
Pigs Stockerr & feeder)-
Gd. & Ch. 70-120# -- -- -
-------------------------------------------------------------------------
S. St. Paul Baltimore N. Portland
.----.---.--... .. --.......--.-------- ------ -------
Barrows and gilts -
U.S.No.1 160-180# 17.22 17.12 17.68 :18.12 17.06 19.38 :18.53 18.25 19.69
2 and 3 180-200 17.98 17.32 17.80 :18.92 17.59 19.75 :19.31 18.88 20.29
200-220 17.98 17.32 17.78 :18.92 17.59 19.75 :19.31 18.88 20.29
220-240 17.90 17.30 17.32 :18.53 17.59 19.47 :19.12 18.50 19.94
240-270 17.52 16.98 16.40 :17.50 16.97 18.59 :18.00 17.50 18.88
270-300 16.68 16.08 15.25 :16.48 15.97 16.59 :17.62 16.88 18.12
Sows -
300-3303 16.18 15.58 14.70 :14.79 13.59 14.19 16.00 15.50 15.75
360-400 15.35 14.65 13.32 :14.75 13.56 14.19 :14.25 14.25 14.88
450-550 14.28 13.80 11.60 :13.44 12.38 12.00 :12.75 12.75 14.00
Pigs Stockerr & feeder)-
Gd. &Ch. 70-1201 15.50 15.15 17.55 : -- :15.50 15.25




440
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
.. .. .. .. ...... ... ....... ............... ...................
----------------------- r----------------- r---------------------------I---
Louis Kan- S. S. 8-
Chi- Natl. sas Omaha Sioux St. St. Indian- mkts.
Week ended cago Stock City City Joseph Paul apolis comn
Yards bined
------ ------------.--.-....
AVERAGE COST Dollars per 10O0 pounds
Barrows May 26, 1956 17.67 17.53 17.12 17.23 16.98 17.14 17.35 17.88 17..44
and May 19, 1956 '16.77 16.70 16.58 16.82 16.81 16.65 16.72 16.74 16.73
gilts May.2._ 1955 17,50 18,4. 5. 2...].8..1.9?...52....1... ...1
May 26, 1956 14.67 14.79 14.26 15.00 15.26 14.86 15.49 13.73 14.86
Sws May 19, 1956 13.88 14.01 13.66 14.74 14.99 14.55 14.62 12.75 14.11
rMy... ,. 1.9_ 5. ..13, 9. 1 3 .. X1, 3. lL.4413. 3,A3..1L&82.-.13.25..l13.03 13.46
AVERAGE WEIGHT Pounds
Barrows May 26, 1956 231 217 218 222 228 216 222 224 222
and May 19, 1956 230 217 215 224 228 216 224 224 222
gilts May 28, 1955 236 216 227 231 234 226 227 223 228
May 26, 1956 421 400 404 376 374 375 364 443 393
Sows May 19, 1956 422 404 420 376 378 379 368 446 398
May 28A, !955 419 41 45 431 374 61 .90 361 ....45 389
NUMBER OF HEAD -
Barrows May 26, 1956 26351 49495 11021 23329 16047 20587 28936 31491 207257
and May 19, 1956 25497 52745 10400 19049 14468 20136 33321 32287 207903
gilts Mag 28 .1_95.5 3..-2?...9 ? 6A. .5.9.34.. ?97.. .1. 9.6 3.5. 97, .F ?6 .7 .869a6
May 26, 1956 7787 4425 1015 6598 4585 2570 8259 4579 39818
Sows May 19, 1956 7122 4390 771 5226 3351 1731 7165 4822 34578
.May.28. _.28 9.55 827. 2.90.9.....556 ....96.6.3....2 A7...294... 2 i-9... .45 .4.83
sows .Percentaeof !total
May 26, 1956 23 8 8 22 22 11 22 13 16
May 19, 1956 22 8 7 22 19 8 18 13 14
.May.2.8, 1955 1-.9....... 9... 9 .....29 ..... .... ......----....-- ......20
1/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG, COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
------------------- --- i -----------
....................,.... G. ross sprea.
SHog products 1/ Hog prices 2/ or margin 3/
--- ------------------------------- ----------
May 26, 1956 $19.09 $17.98 i~i.1
May 19, 1956 18.51 17.14 1.37
.. ay 2 .. ..1.. .......... a .s 4 .......... -.4-Z ...........
1/ Value of all edible products, fresh basis (lard rendered) in 100 Ib. of live hog com-
puted from wholesale prices on carlot basis, Chicago, reported by National Provisioner
daily market report.
2/ Mean of daily quotations on U.S.No.l, 2 and 3 hogs 200-2201 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 26, 1956 17.67 154.1 11.5
May 19, 1956 16.77 150,3 11.2
May 28, 1955 17.50 149,1 11.7
I/ Simple average price.






441
SHEEP AID LAMBS: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
: : tt :Ogden &:South
I :Kansas i Fort : North tSan
*Chicago Omaha Kansas Denver
: a a City a Worth :: Salt :Fran-
L-ake :cisco
LAMBS (SPRING) -


Choice and
Prime


Good and
Choice

LAMBS 1
Choice a
Prime

Good and
Choice


EWES (SHORN)
Good and
Choice


Cull and
Utility


26, 1956
19, 1956
28, 1955
26, 1956
19, 1956
28, 1955


05F down (SHORN)


27.80 25.82
26.60 26.38
-- 22.90
26.52 24.48
25.45 25.40
-- 21.45

23.95
24.00
19.38 --
23.08 21.30
23.05 21.48
18.38 17.42

5.00 5.25
5.10 5.70
5.75 4.50
4.00 4.00
4.05 4.20
4.62 3.50


25.60
25.80
23.70
23,68
24.15
22.52

20.90
22.50
17.62
19.20
20.50
16,38

4.75
5.12
4.98
3,75
4,12
3.80


-- 27,85
-- 28.18
-- 22.88
20,30 25.98
21.95 26.30
21.90 20,60


-- 23.90
24.50


--
20.15
20.85
15,95


22.50
23,00
17.05


5.35
7.12
-- 6.42
-- 3,30
-- 4.25
-- 4.25,


24.20
24.75
22.00
22,95
23.50
20.70

19,00
20,00

17.00
18.00


5.50
5.50
4.25
3,25
3.25
2.75


24.25
24.75
19.50
23,25
23.75
19.00


--
--
3.00

3.00


FEEDER LAMBS -
Good and M
Choice
M


ay
ay
ay


* 26, 1956
S19, 1956
S28, 1955


-- 20.00


-- 15,25
-- 15.70
,r- --


---- 20,00

-- -- 15.75


ESTIMATED PERCENT FEEDER AND STOCKER CATTLE
AND SLAUGHTER COWS IN SALABLE RECEIPTS


Week ended


May 25,
May 18,
May 27,

May 25,
May 18,
May 27,




May 25,
May 18,
May 27,

May 25,
May 18,
SMay 27,
Wi -


1956
1956
1955

1956
1956
1955




1956
1956
1955

1956
1956
1955


Chicago : Kansas :Omaha : S. St..
Chicago Omaha
SCi ty n Joseph
Feeders and stockers


5
4
3


8
Indian- a
a- polis

15
9
8

12
9
18


29 14 11
32 12 7
23 10 8
Slaughter cows
16 12 23
.1 11 11.
12 9 13

Denver : Fort r
S_ Worth _
Feeders and stockers


8 30
Slaughter cows
12 20


:St. Louiss
a NSY

5
4
7


16
16
23
Okla,
City_

35
30
55


Sioux
City-


20
13
15

8
9
7


Wichita

45
34
24


S. St.
Paul

5
5
5

25
28
35

SSan
SAntonio

45
35
35


May
May
May
May
May
May


nd


May
May
May
May
May
May

May
May
May
May
May
May


26,
19,


19,
28

26,
19,
28,
26,
19,
28,


1956
1956
1955
1956
195 6
1955

1956
1956
1955
1956
1956
1955


I


-- a
--





442
NEW YORK WHOLESALE MEAT TRADE REVIEW
Western Dressed Fresh Meats

Western dressed fresh meats moved at a slow to fair pace throughout the week.
Buyer interest improved somewhat after Wednesday. The supply situation was compar-
able to that of the previous week as steer unloads were normal, while other classes
averaged moc.erate to small. A sizable carryover of lower grade spring lamb
hampered trading to some degree, and aside from sales of selected lots, the bulk
sold at slight to sharp price discounts. Steer prices worked lower, and declines
were also recorded on lower grade veal and calf. Sharp upturns were posted on
most primal cuts of Western dressed fresh pork with loins setting the pace. Com-
pared with the previous week: Steer beef and veal steady to $1.00 lower; cow beef
unchanged; calf steady to $2.00 lower; most spring lamb weak to unevenly lower;
old crop lamb $1.00-3.00 off; pork loins $3.00-5.00 higher, other fresh pork cuts
steady to $3.00 higher.
Prime carcass realizations were off $1.00 for the week, Choice averaging
around 500 lower. Hindquarters and rounds moved best on the initial session, but
thereafter, demand for front-end cuts expanded materially. A favorable movement
of loin cuts was influenced largely by an inviting price structure. A moderate
supply of cow beef moved at steady prices.
Trade for both veal and calf lacked stability, and relatively narrow demand
resulted in lower prices. Declines, however, were posted mostly on offerings
grading low-Good and below, Calf numbers were slightly increased. Weakness
permeated the lamb trade, with moderate unloads consisting mainly of spring lamb.
Price trend was uneven and in instances sharply lower. Prices of carried over
stocks were revised downward sharply to effect clearance.
Prices on Western dressed fresh pork moved upward, with most advance on fresh
loins. Firm price stands at wholesale levels were motivated largely by higher
replacement costs. Supplies cleared readily as most retailers participated, al-
though limiting purchases.
Locally Dressed Fresh Meats

Demand for locally dressed fresh meats was fairly dependable, although
anticipated price advances failed to materialize on beef and veal. Lamb prices
were mostly under pressure, but pork met with favorable buyer response at higher
prices. Trading in kosher fresh meats was only fair early but was moderately
active lato.
Most primal steer cuts sold at steady prices despite minor price variations.
Virtually all cuts shared equally in a fairly broad demand from retail outlets.
Prices on kosher steer forequarters and cuts closed steady to strong, with early
downturns fully recovered.
Prices on veal and calf hindsaddles were steady at the close, despite some
early weakness. The increased volume of lower grade veal and all calf offerings
proved troublesome in spots as many of these showed indications of grassy origin,
Moderate lamb kills consisted mainly of spring lamb. Sales were made mostly under
pressure on all sessions. Hindsaddles and legs moved disappointingly slow with
some sales of lower grades recorded at drastic discounts. Inquiry for front end
cuts was extremely broad, but upturns were largely offset by declines on hind .3
saddles and legs. Prices on kosher lamb foresaddles worked progressively higher,
with net upturns of $4.00-5.00 at the close.
Most primal cuts of locally dressed fresh pork carried higher price tags.
Sellers were influenced to some extent by advances at replacement levels, but main-
tained firm price stands for the most part. A fully normal supply comparable to
that of the previous week was expected to clear without difficulty.
Slaughter of cattle, calves and lambs returned to normal proportions follow-
ing the non-slaughtering kosher holidays of the previous week.

J






443
CHICAGO WHOLESALE MEAT TRADE REVIEW

The week's moderate to normal supplies of steer and heifer beef and veal were
about the same as those of the previous week. Veal carcasses under 80# continued
scarce, while beef consisted mostly of Good and Choice grades. Volume of lamb was
small, mainly old crop offerings. Pork supplies were moderate and somewhat.below
those of a week earlier. Although pork trading locally was rather slow, prices
worked higher, influenced by steadily advancing wholesale replacement costs.
Limited quantities of lightweight veal carcasses of the lower grades sold dependably,
but otherwise trading on veal was slow. Trading on carcass beef was selectively
fair to slow, with best action on Monday. All interests were in the market for
beef ribs and loins at higher prices, particularly ribs which were often short of
demand. Squarecut chucks encountered considerable resistance early. However,
clearances of carried-over stocks were complete by Wednesday, and this along with
cooler weather in the Chicago area influenced a firm price undertone. Carcass lamb
trade was mostly slow. Demand was exceptionally good for fore end cuts but hind-
quarter cuts were overlooked, particularly loins. Fairly good clearances of fresh
meat are in prospect, the only exception being lamb hindsaddles, and possibly a few
beef chucks. Compared to last Thursday's close: Beef mostly steady to 500 lower;
veal steady to $2.00 higher, full advance on weights under 80#; lamb steady to
mostly $1.00 lower; pork loins 8-16# and Boston butts 4-8# $4.50-5.50 higher; spare-
ribs 3# and down $2.50-3,00 higher. Choice and Prime squarecut beef chucks cashed
at $24.00-26.00, comparable rounds $40.00-42.00; Prime loins $78.00-84.00, Choice
$63.00-68.00; Prime ribs $55.00-57.00, Choice $44.00-47.00; Choice and Prime Kosher
style beef chucks $27.00-29.00. Lamb hindsaddles bulked from $60.00-65.00; legs :
$52.00-56.00; loins $75.00-82.00, hotel ribs $70,00-75.00.

PACIFIC COAST WHOLESALEE MEAT TRADE REVIEW

Modorato supplies of most fresh meats were more than adequate for a continued
narrow domanc at all points on the West Coast. Choice steer beef under 600# and
Canner and Cutter cow carcasses continued in best demand at Los Angeles. Supplies
in the San Francisco area were augmented'by incoming shipments of Choice steer car-
casses over 700#. The volume of veal and calf offerings was more limited than most
other classes. Moderate supplies of fresh pork met narrow outlets and wore under
pressure due to higher prices. Trading was slow and selective throughout. Compared
with last Friday: Steer beef steady to $1.00 lower, most decline in California;
cow beef largely steady to weak; veal, calf and spring lamb steady to $2.00 lower;
fresh pork steady to $2.00 higher, instances $4.00 up on loins at Los Angeles; cured
pork steady to $4.00 higher, advance mostly at Los Angeles; lard steady to 750
higher.
Choice steer carcasses 700# down sold mostly from $32.00-35.00, few under 600#
$37.00 at San Francisco, 700-800# $31.00-35.00 in California; Good 500-700', $29,00-
34.00, some reaching $36.00 at Portland. Commercial cow beef bulked from $25.00-
28.00, soft-boned reaching $30.00 in Northern California and the Northwest; Utility
$24.00-27.00; Canner and Cutter $20.00-25.00. Good and Choice veal carcasses under
150# brought $36.00-45.00; same grades of calf under 300# $34.00-37.00 in California
and nominal in the Northwest. Choice and Prime spring lamb under 55# cashed from
$45.00-50.00, few $52.00 at Portland; Good $43.00-50.00. Closely trimmed pork loins
brought $49.00-56.00; shoulders $26.00-32.00; spareribs $36.00-47.00; smoked skinned
hams under 181 $50.00-58.00; slab bacon under 10# $32.00-42.00; sliced l# packages
in heat sealed packs $39.00-47.00; smoked picnics $29.00-36.00; lard in li' cartons
$14.50-20.00.





444
WHOLESALE DRESSED MEAT PRICES: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
-- -- -- ----------------------------l Il li i ll i l l --i i i i---- --- l----------------------I-ii --i --------i-l ---l ---
New York Chicago San Francisco
i- - -----....................
Classification -- --May------ --- May May ---
26 19 28 26 19 28 26 19
.... .......... 196.6 .1956 1955 :1956 1956. 1955 .. 1956 .1956: 1955
---------------- _Z e emm mem emm --------------------mee-------------------------------------


Beef -
Steer -


Prime 600-700P
700.800
Choice 500-600
600-700
Good 350-600
@I IV*


VUlI I.
Cow, all wts. -
Commercial
Utility
Veal -
Prime 80-110
Choice N
Good
Spring lamb -
Prime 40-50f
50-60
Choice 40-50
50-60
Good all wts.
Pork Fresh -
Loins 8-10f av.
10-12
12-16 "
Butts 4-8
Pork Cured -
Hams, smk., skd. -
12-16f av.
16-18 "
18-20
Bacon, smk.. slab -
6-81 av.
8-10 "
Sliced 1 f pkg.
Picnics, smoked -
4-8# av.
Backs, D. S. -
16-20# av.
Lard, 1# cartons -
Refined
Substitutes


39.25
38.25

35.50
32.25
28.00

28.00
26.50

40.50
36.30
33.80

52.40

52.40

43.00

50.60
50.60
49.00
35.00


52.50
47.30



34.50
42.00


28.00 27.00

16.00 15.00

17.25 17.25


40.25
39.25

35.75
32.25
28.00

28.00
26.50

40.60
36.80
34.10

53.70

53.70

49.30

46.10
46.10
45.60
32.30


48.00
46.00



30.00
39.00


: 36.00
: 36.00
: 33.55
t 33.55
& 31.20
: 28.75


36.60
36.60
33.45
33.45
31.60
29.00


42.85
43.95
37.80
38.10
35.50
32.25


:35.50
: 34,00
:33.00
:30.00


-- : 28.50
-- :25.50


: 42.50
2 37.00
: 35.00


43.10
38.20
35.20


43.50

39.25
34.00
31.00

28.70
25.40

42.70
35.70
32.90

44.60

43.60

39.00

49.30
49.30
47.30
34.00


53.00
49.00



40.50
51.00


S 49,30
: 49.30
: 48.15
a 33.55


: 54.20
: 53.30
: 51.65

: 34.75
: 34.00
: 40.45


33.00 I 33.10

14.50 : 12.75

16.00 : 16.25
: 32.50


46.45
46.45
45.50
30.00


52.35
51.35
50.35

33.80
32.80
39.15


43.50
39.00
37.00


t 41.00


41.50*: 48.10
36.80*: 46.70
40.30*: 47.70
35.80*1 46.00
34.10*: 44.00


50.60
50.60
47.40
33.00


52.35
50.25
48.45

43.50
41.20
50.70


2 53.00
: 55.00
:53.00
= 36.00


l 56.00
s 54.00


: 40.00
a 38.00
: 44.00


35.50
34.00
33.00
30.00

28.50
25.50



41.00

49.00
47.00
48.00
46.50
46.00

50.20
52.20
50.60
36.00


56.00
54.00


40.00
38.00
42.00


31.80 35,05 :30.00 30.00

12.75 11.25 --

16.25 14.75 t 19.00 19.00
-- 27.00 : -


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


40.00
38.50
38.00
35.00

30.00
26.50



39.00

41.00
39.00
39.00
37.00
38.50

54.40
52.40
51.40
39.50


51.00
47.50
51.00

36.00

--l


3 49.00* 50.00*
9 48.00* 48.00*
: 49.00* 50.00*
: 48.00* 48.00*
: 44.10* 45.50*


,,
,,
,, ,I





445
BOSTON WOOL MARKET REVIEW

The turnover of greasy domestic worsted wools in the Boston market showed
some improvement compared to the previous week as approximately thirty-one cars
were moved. Demand continued good for medium fleece wools while actual sales of
fine wool for consumption showed a sharp increase in volume. Integrated mill
buyers showed more interest and activity as prices continued very firm in the
local market. Movement of scoured wools and noils was about the same as a week
ago at steady prices. Trading in the territory States was somewhat slower than
a week earlier, but a little more wool was sold in Texas at firm prices. Turn-
over was moderate in the fleece wool States at a slightly higher basis.
Cabled reports indicated easier prices on South African markets, while prices
at all other Dominion wool centers continued strong under general competition.
There wa$ light activity in Buenos Aires while the Montevideo market remained
quiet.
Fleece Wools Graded fine staple delaine wool sold at clean prices ranging
from *t1.30-1.32. Graded 60/62s good French combiig and staple fleeces brought
.l,14, and 56/58s good French and staple at 550 in the grease moved at t1.04 and
$1.05 clean. Graded 50/54s good French combing and staple wool sold at 530 and
550, grease basis, and was estimated to cost from $1.00-1.03 while graded average
to good French combing 56/58s fleeces at 554 in the grease brought t1.00 clean.
Country buyers were paying from 40-424 for fine wool and 430-440 for medium wool
to the growers.
Territory Wools Trading on territory wools in the local market was practi-
cally at a standstill. A fair weight of mostly bulk fine Montana good French
combing and staple wools sold ahead at grease prices ranging from 450-500 f.o,b.
while smaller clips with half-blood and medium grades brought 410-45 f.o.b.
Texas Wools Original bag 12 months Texas wool sold from $1.35-1.40 while
average to good French combing in original bags brought from 1,27-1.33.
Mohair Original bag adult mohair sold in Texas at 8610-8770 while original
bag kid hair brought tl.00 f.o.b.
Sales of CCC Wools The Commodity Credit Corporation announced on May 24,
1956 that approximately 1,778,000 pounds of C.CkC.-owned wools were sold from bids
received on a total of :about 5,498,000 pounds. The principal grades, quantities
and sales price ranges (before discounts, if any) follow:

Pounds Price Range

Graded territory fine, short French and clothing 36,756 $1.08
1/4 blood staple and good French 48/50s 37,173 $1.061- 1.091
Original bag territory fine short French and clothing 21,190 1.03 1,05
Texas 8 months, best length 12,999 1.153
Graded fleece fine, average and good French 30,480 1,10
1/2 blood average and good French 42,632 1.02
3/8s staple and good French 490,001 1,057
1/4 50/54s 427,648 1.007- 1.017
1/4 48/50s 89,619 .96 .992
low 1/4" 24,894X .60 ,838
Burry and seedy fine and 1/2 blood 57,441 .94 ,945
3/8s and 1/4 blood 25,151 .60 .837

(X No more of this class now left in inventory.)

Carpet Wools Trade in carpet wools was very dull but prices held firm in
all primary markets. Buenos Aires shippers were asking 84# clean fibers present
for November second clips.





446


CLASSIFICATION OF LIVESTOCK SLAUGHTERED UNDER FEDERAL INSPECTION VI


SNumber 000 omitted __ __ Percent
I Apr.' Mar. : Jan.- : Apr. : Apr. : Mar. Jan.-: Apr.
S1951956 : 1956 Apr. : 1955 1956 1956 Apr. 1955
: : 1956: : : 1956:


Cattle
Steers
Heifers
Cows
Bulls & Stags
Total 2V
Canners & Cutters 3/
Hogs:
Sows
Barrows & Gilts
Stags & Boars
Total 2_


Sheep and Laml
Lambs & Yea]
Sheep
Total 2/
1- Based on
3J Included


899
227
391
28
1,545
S193

425
4,800
26
5,251


893
255
393
25
1,566
196

392
5,909
25
6,326


bss


*lings 1,089 1,189
41 27
1,130 1,216
reports from packers. 2
in cattle classification.


3,490
972
1,722
107
6,291
849


1,513
22,573
121
24,207

4,714
123
4,837
/ Totals


I


58.2
14,7
25.3
1.8
100.0
12.5


737
238
444
32
1,451
218

376
4,065
31
4,472

1,140
40
1,180
based


57.0
16,3
25.1
1.6
100.0
12.5

6.2
93.4
.4
100.0

97.8
2.2
100.0


55.5
15.4
27.4
1.7
100.0
13.5

6.3
93,2
.5
100.0

97.5
2.5
100.0


50.8
16,4
30.6
2.2
100.0
15.0

8.4
90.9
.7
100.0

96.6
3.4
100.0


on rounded numbers.


PERCENTAGE DISTRIBUTION, BY CLASSES, OF CATTLE SLAUGHTERED
UNDER FEDERAL INSPECTION
: : : B ls ad : Canners &
:Steers a Heifers : Cows : a: Cutters
: t a : tgs :all classes


N. Atlantic States..
S. Atlantic States..
N.C. States -Eastern
N.C.States-N.Western
N.C.States-S.Western
S. Central States...
Mountain States.....
Pacific States......


I Apr. : Apr. : Apr. :
1956: 1955: 1956: 1955: 1956: 1955:
Pct. Pct. Pct. Pct. Pct. Pet.


2.2
4.0
6.8
15.7
14.3
9.2
58.4
15.5


2.1
2.6
5.4
18.2
17.4
12.6
59.9
17.2


28.2
30.9
27.2
22.1
15.7
50.0
12.9
21.0


40.6
43.1
34.7
25.0
24.8
58.4
13.3
22.3


Apr.


1956:
Pet.
1.2
4.3
2.1
1.7
.5
3.3
1.1
1.8


1955
Pet.
2.4
7.2
2.6
1.5
.9
4.2
1.4
1.8


* Apr.
': 1956:
Pct.
16.9
20.6
11.5
10.5
9 6.6
30.7
5.5
7.1


1955
Pct.
26.6
28.2
14.5
7.9
11.8
34.0
7.0
8.7


Region


68.4
60.8
63.9
60.5
69.5
37.5
27.6
61.7


54.9
47.2
57.3
55.3
56.9
24.8
25.4
58.7


8.1
91.4
.5
100.0

96.4
3.6
100.0


r


II-"





447
UNITED STATES FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
April 1956 with comparisons
SApril January April : Percentage
S- _-- ----tApr. _1956 of
S 1956 1955 1956 1955 : Apr. : 5-yr.
S: ------ 195.5 :Apr.av.
Number slaughtered under Federal inspection (thousand of head) -
Cattle 1,545 1,452 6,291 5,810 106 127
Calves 604 596 2,438 2,336 101 119
Hogs 5,252 4,472 24,206 20,120 117 115
Sheep & lambs 1,129 1,180 4,837 4,727 96 114


Average live weight: (pounds)
Cattle 1004.6 967.6 1013,1
Steers 1/ 1034.8 998.7 --
Heifers ij 879.5 842.2 --
Cows _/ 991.0 975.5
Calves 209.2 197.1 206,6
Hogs 233.5 244.0 233.8
Sheep & lambs 99.2 99.8 101.0
Average cost to packers: (dollars per 100 pounds)


Cattle
Steers l/
Heifers l]
Cows l/
Calves
Hogs
Sheep & lambs
Dressing yields: (per 10
Cattle
Calves
Hogs 2/
Sheep & lambs
Lard per 100#
Lard per animal
Average dressed weight:
Cattle
Calves
Hogs
Sheep & lambs


Condemnations 5/


16.57
18.47
18.04
11.32
17.33
14,65
18.93
0 pounds
56,6.
56.0
76.1
48.2,
14.9
34.9
(pounds)
568.6
117,2
177.7.
47,8


(number of head)


18.21
21.63
20.09
12.07
18.11
16.81
19.86
live weight)
55.7
55.7
76,7
48,4
14.5.
35.4

539.0
109.8
187,1
48.3


15.81



17.16
12.69
18.70

56.2
55,7
76.2
48,0
15.1
35.2

569,8
115,1
178.2
48.5


977.7


,--
198.5
242.3.
101.6

17.91



17.83
16.45
20,28

55,2
55.6
77.0
48.0
14.7
35.6

539.8
110.4
186.6
48.8


104
104
104
102
106
96
99

91
85
90
94
96
87
95


102
103
104
100
111
97
99

75
71
74
68
76
72
79


Cattle 6,412 6,290 25,227 25,425 .
Calves 3,183 2,678 17,018 14,732 -- -
Hogs 11,155 9,387 46,743 38,538
Sheep & lambs 4,727 3,786 14,735 13,374 --
Total dressed weight Excluding condemned: (thousands of pounds)
Beef 874,661 779,079 3,570,008 3,122,708 112 131
Veal 70,358 65,126 278,582 256,208 108 130
Pork(carcass wt.) 931,304 834,963 4,305,126 3,746,830 112 111
Lamb & mutton 53,754 56,802 234,024 230,215 95 112
Total 3J 1,930,077 1,735,970 8,387,740 7,355,960 111 120
Pork,excl.lard 681,626 618,489 3,141,736 2,768,470 110 110
Lard production 4/ 182,846 158,080 851,043 715,593 116 114
Rendered pork fat 8,790 7,726 41,163 34,848 114 115
Also included with cattle. 27 Subtract 7.0 to obtain reported packer style
average. 3/ Totals based on unrounded numbers. 4/ Includes rendered pork fat.
5/ Partly estimated.







UNITED STATES EXPORTS AND IMPORTS OF MEATS

S; Mar. a Mar.


uommoalty
oay 956
P1... -_


EXPORTS (Domestic) -
Beef and veal -
Fresh or frozen. . ,
Pickled or cured .. .
Pork -
Hams : shoulders, cured or cooked and bacon.
Other pork, fresh, frozen, pickled, salted or
otherwise cured. . .
Other meats, except canned (Incl. edible animal
organs) . . .
Canned meats -
Beef and veal. . .
Sausage, prepared sausage meats, bologna and
frankfurters .
Pork . . .
Lard, includes rend. pork fat and shortening
(chief wt. animal fat) . .
Tallow, edible . .
Tallow, inedible . .
Inedible animal oils, greases and fats, n.e.c. .


IMPORTS -
Beef, fresh or frozen. .
Veal, fresh or frozen .
Beef and veal, pickled or cured. .. .
Canned beef (includes corned beef) .
Pork, fresh or chilled or frozen .
Hams, shoulders, bacon & other pork 1/
Canned cooked hams & shoulders ...
Other pork, prepared or preserved .
Meats, fresh, chilled, frozen, n.e.s..
Meats, canned, prep. or pres. n.e.s..
Lamb, mutton and goat meat .
Tallow, inedible .


. a a


S 4,955,512
. 1,814,340

S 1,296,193

4,436,138

S 9,653,364

S 492,165

S 291,466
S 465,098


62,227,746
3,314,344
109,601,368
12,440,746

2,145,974


* 0 -
S. 456,443
.. 5,925,198
2,529,613
.. 442,798
7,240,846
.. 955,156
. .. 35,262
. .. 230,696
. 59,795
. 211,311


Animal fats, and greases, n.e,s. . 141,628

]j Not cooked, boned or canned or made into sausage.
2J Includes fresh pork sausage.

Compiled from official records, Bureau of the Census.


- 1955
Pounds

1,387,060
1,712,913

1,392,545

4,384,669

5,322,192

269,074

294,604
466,430

46,056,771
353,272
90,273,263
10,994,912


3,411,762
7,589
33,440
5,628,815
3,964,257
604,056
9,094,791
1,441,883
28,498
618,057
524,187
214,226
122,100


448


__







UNITED STATES EXPORTS AND IMPORTS OF LIVESTOCK
: Mar. : Mar,
S--1956 _:_ 1955
EXPORTS (domestic)- Number Number
Cattle for breeding, . 2,758 2,957
Other cattle . .. 1,103 288


IMPORTS -
Cattle for breeding,
Canada I/ -
Bulls .
Cows .
Other Countries -
Cows .
Cattle, other edible
Canada -


449


free -


(* )* *



(dut.) -


Over 700 pounds ..


200-700 pounds .
Under 200 pounds
Mexico -
Over 700 pounds.

200-700 pounds ,
Under 200 pounds
Hogs -
Edible, except for
Horses -
For breeding, free
rOt-r (d "r+ )


9 9 9* 9
* 6 0

* 9 .


. .(Dairy
(Other


* 9 9 9
* 9 0 9 9

* 0 9 0 9

* 9 4 0 9
I 9 5 9


* 9
* 9


* 0 *
* 9


. .(Dairy
(Others.


9 .
9 0


* 9 0 0r


breeding (dut.) 2/. .

0 9 4 9 9 9 9 .


77
1,501


2,268
452
15
6


1,487
10,925
48

12


16
326


41
1,285


1,996
1,704
43


445
5,712
21,323
448

300


2
1 37


Sheep, lambs and goats, edible (dut.). 56 4,385
1/ Includes Newfoundland and Labrador, Z/ Number of hogs based on
estimate of 200 pounds per animal,
Compiled from official records, Bureau of the Census.


TOTAL MEATS, MEAT PRODUCTS, AND BYPRODUCTS GRADED, OR CERTIFIED AS
O- -- IMPLYING WITH SPECIFICATIONS _YTHEj U S._DEPARTMENT OF AGRICULTURE
: : Veal : Lamb, : t All other Gr
Month Beef I and : yearling : Total : meats torand
-.-. -- calf _.and mutton and _lard L
1,OO 1,000# 1,o000 1,000o l,000# 1,000#

April 1956 599,917 16,364 20,068 636,349 11,923 648,272
March 1956 619,350 18,120 22,047 659,517 12,303 671,820
April 1955 482,619 21,936 19,205 523,760 13,668 537,428
----------------------------- ------------------------------ -- --




UNIVERSITY OF FLORIDA
450 IIIRWiiiiIIiIIiI III
3 1262 08734 5806
U. S. Department of Agriculture Penalty for private use to avoid
Washington 25, D. C, payment of postage $3CO.

OFFICIsL BUSINESS

Form AMS-5/29/56
Permit 1001.

UNIVERSITY OF FLORIDA
NtBRARY
DEPT OF GENERAL INFOR & SEWg

W.-CbS GAINESVILLE FLA

1
---------------------------------I
LIVESTOCK MARKET REVIEW CONTINUED FROM PAGE 433
crop lambs closed at midwest terminals unevenly 250 higher to $1.00 lower. Good
to Prime offerings with mostly No. 1 and 2 pelts cleared at Chicago from $22.50-
24.25, one load Choice and Prime 101# $24.50. At other points sales ranged from
t19.00-22.25, few down to $18.00, Cull to Good shorn slaughter ewes cleared mostly
from $3.00-5.00 or mostly steady to weak, few Choice to $5.50. Feeder lambs sold
steady to $1.00 lower, Good and Choice 19.00-21.00, Medium and Good new-crop Texas
feeders 416,50-17.00, Few lots of Good solid-mouth breeding ewes cashed from
$5.75-7,00,
WESTERN LIVESTOCK REVIEW
at
Trade on slaughter cattle/Far West terminals was only moderately active with
action on heifers more dependable than on steers. Compared with a week agoi Fed
steers firm to 500 higher in the Northwest, steady to weak elsewhere; heifers
steady to 50 higher; cows strong to 500 higher at Los Angeles and Spokane, steady
to 50 lower at other points; vealers and slaughter calves mostly steady to $1,00
lower; stocker and feeder cattle steady; barrows and gilts steady to 75# higher;
slaughter lambs weak to $1.50 lower.
Choice slaughter steers brought t19.00-21.00; Good $16.00-19,00; high-Good to
Choice heifers $18.50-20,00, 2 loads high-Choice carrying a few Prime W20.15 at
Denver, Good heifers mostly t17.50-18.50, Good and Choice vealers cleared from
t22.00-27,00 at Ogden and Spokane, elsewhere t18.00-23.00; same grades slaughter
calves $16.00-21.50, Medium and Good stocker and feeder steers cashed from $16.00-
17.50, some Good feeders 418.00-18.60, few high-Choice yearling stock steers
$18,50-19.00 up at Ogden, Good and Choice stock steer calves brought $19,00-21.25f
at Denver, same grades at other terminals $17.00-19.25. 3^
In the direct trade out of California feedlots most Choice steers sold for .
immediate delivery from $19.50-20.50, three loads $21.00 in Northern California,,i
Good all weights 417,00-19,50. Stockers and feeders sold steady to 500 lower,
1100 head Good and Choice stockers cashing at f18.50 for the steers and $16.25 for
the heifers. Other Good and Choice 57E-600M stock steers brought $18,00-18,75,
same grades 1000# feeders for immediate to near term delivery $16.50-17.75,
U. S. No. 1 to 3 180-240# barrows and gilts sold late at $18.75 at South San
Francisco; t19.25 Stockton; *18.00-18,50 Los Angeles; $18.50-20,00 North Portland;
$19,00-19.25 Spokane; $17,00-18.25 Ogden and $17.25-17,75 Denver. Choice and Prime
spring slaughter lambs brought 927.00-28.00 at Denver early, with late sales mainly
$27,00-27.50, The same grades sold elsewhere in the Far West from $24.00-25,00,
Good and Choice 422.00-23.50,




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