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:
AA00012178:00022

Related Items

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


This item is only available as the following downloads:


Full Text






hu hUN 29 /


J ed LIVESTOCK DIVI






MARKET REVIEWS AND STATISTICS

Vol, 24, No, 24 June 12, 1956
Week ended June 9

Page
Livestock Market Reviews. ., .. 472
Livestock Market Receipts .. 474
Feeder and Stocker Statistics .. . 474
Steer Sale Statistics .. 475
Estimated Slaughter and Meat Production 476
Slaughter at Major Centers. 477
Estimated Percentage of Feeder and Stocker Cattle
and Slaughter Cows in Salable Receipts.. 477
Cattle Prices . 478
Hog Prices .. 479
Hog Purchase Statistics 480
Sheep and Lamb Prices .. 481
Wholesale Meat Trade Reviews. .. 482
Wholesale Meat Prices 484
Wool Market Review . 485

Special to this issue

Livestock Prices and Composite Meat Values,
May 1956 . . 486








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

,i'1-V A1





472
MIDWEST LIVESTOCK MARKET REVIEW
Cattle receipts at the 12 markets were with one exception largest since
January and prices declined at a few points. High-Choice and Prime steers 1150#
up closed 50-750 lower at Chicago, other weights and grades steady to 50# off,
Steersrover1100# declined at a few other markets but with those exceptions, the
trend was steady to 500 or more higher, influenced in part by improvement in the
dressed beef trade. Hog marketing expanded to the largest volume since early
May. Shipping demand was fairly broad but wholesale pork loin prices broke
sharply, and butcher hogs closed 250-$1.25 lower. Price trend on slaughter spring
lambs was very uneven with late sales at midwest markets from 500-$2.50 lower.
SLAUGHTER CATTLE AND CALVES
The week's trade in slaughter cattle was featured by the arrival of the second
largest weekly run since January; an uneven price trend on fed steers; steady to
stronger prices for heifers which sold at relatively high prices compared with
steers, and a finn to 750 higher price trend on cows, An additional feature was
general improvement in fed cattle as the season progressed into longer term fed
offerings. Demand in most instances centered on Choice steers under 1150# and
these showed price strength in many instances while heavier offerings were again
under pressure. At Chicago where receipts were unusually liberal including 25,000
on Monday or the largest run for a June day in 22 years, high-Choice and Prime
steers over 1150# closed 50-75# or more lower, other weights and grades steady to
50Q off. At Sioux City steers over 1150# were 25-50# off, lighter weights mostly
25# higher, with weights over 1100# at S. St. Paul 500 lower, others steady to
strong, indicating the unevenness of trading and buyers' preferences. At other
midwest terminals fed steer prices closed steady to 500 higher, instances 750 up
at St. Joseph where one major packer resumed buying following a shutdown due to
labor trouble. Heifers were in fairly large supply but sold readily at steady to
500 higher prices. Cows sold firm to 750 higher at most points. Bulls closed
steady to 500 higher, vealers steady to $2.00 lower.
The overall price range on slaughter steers is rather wide. Nevertheless, the
price spread on each grade is relatively narrow, with the result that numerous lots
consist of a mixture of two grades. At Chicago, for instance, many loads of high-
Choice and mixed Choice and Prime steers brought t21.50-22.50, numerous lots mixed
Good and Choice t19.75-20,75, a substantial volume of average-Choice steers $21.00-
21,25. Good and Choice steers bulked at Corn Belt markets from $18.00-21.25. Good
to Prime vealers closed at S. St. Paul from $18.00-23,00; Good and Choice slaughter
calves '14.00-17.00, At St. Louis National Stock Yards high-Choice and Prime
vealers ranged from $22.00-24.00; Commercial and Good slaughter calves $14,50-
18.00, a few Choice .19,00-20.00.
STOCKER AND FEEDER CATTLE AND CALVES
Small to moderate early June marketing of stocker and feeder cattle and
calves were little different in volume than either the previous week or a year
ago. Although many western and southwestern areas still need substantial ad-
ditional rains to bring conditions back to normal, both stock water and pasture
conditions have improved materially the past couple of weeks. As a result the
general situation is considerably different than early in May when widespread
moisture deficiencies were prompting predictions of heavier than normal June mar-
ketings as a result of drouth conditions. Shipments of steers to the country from
the 10 markets during the week totaled 12,513, compared with 12,864 the week previ-
ous and 14,243 a year ago. As usual at this season, Choice offerings were very
scarce, Scattered shipments of both Choice feeders and stockers were offered.
However, average-Medium to average..Good grades predominated. More favorable graz-
ing conditions as well as a somewhat more favorable price relationship between fats
and feeders influenced a fairly good demand for both stockers and feeders, and the






473
previous week's upturns were followed by additional advances, prices generally
being steady to 500 higher, instances t1.00 up. The average cost of all steers
500# up shipped to the country from Kansas City during the week at $17.63 was 360
higher than the previous week and 41,96 under a year ago. The average price of
all fed steers on that markkeltitng the week was only 1.68 under a year ago,
indicating a more favorable/margii than a few weeks ago, Good and Choice feeder
steers 750# up sold from 416,50-19.50. A few loads of Choice yearling stock
steers cashed from t19,50-20.50 while majority of the Medium to average-Good
stockers went from $14,50-19,00. Good and Choice yearling heifers ranged from
$15.50-19.00. A few Choice steer calves sold from $20.00-21.25 but well-bred
calves were scarce at all markets. Heifer calves usually sold from $19,00 down.
HOGS
Hog prices showed little net change during the first half of the week but a
downward trend developed late in the week when expanded receipts and mainly lower
prices in the wholesale fresh pork trade exerted pressure on the live trade. Clos-
ing prices for barrows and gilts were 250-$1.25 lower than a week earlier, while
sows were 250 to as much as $1.50 off. The downturn carried general price levels
to the lowest point since mid-May. Butchers over 240# were off the most at
several markets, while sows over 360# led the decline for their class. Trading
on most days was quite uneven with local packer demand as a general rule just
fair, Order buyers and shippers, however, carried good orders at several markets
and on some days those buying interests purchased a liberal share of the run.
Marketings swelled to the largest weekly total in a month and were considerably
larger than during the preceding week which included a holiday. Receipts were
also well above a year ago. Bulk of the butcher supply consisted of 190-250#
weights. Most lots were mixed U. S. No. 1 to 3 grades with No. 2 to 3 lots pre-
dominating. The supply of weights under 190# was small but even so, demand for
these lighter weights continued poor. A moderate increase in the proportion of
heavy butchers over 250# was noted although such kinds continued to make up a
rather small percentage of total receipts. The proportion of sows at the eight
markets ranged from 8 to 28 percent.
Feeder pigs sold as much as 500 higher at a few points but the main trend
was steady to 500 lower. Good and Choice feeders atCS, St. Paul sold late from
$15.00.15.50, comparable 120-150# offerings $14.50 to mostly $15.00 at Sioux City.
Small lots of Medium to Choice pigs at Kansas City turned from $12,00-13.50, a few
115# $14.50 at midweek. Prices at Memphis were steady, Medium and Good $11.00-
12.00, few Good and Choice $12.50-13.00,
SHEEP AND LAMBS
Receipts were the largest since March and showed an increase of about 35 per-
cent from the previous holiday-shortened week's supply. Closing prices of
slaughter lambs at midwest markets showed declines of 504t.2,50 after initial up-
turns had been erased, At Fort Worth, however, where more than 40 percent of the
12-market supply was received, prices were 500 to as much as $1.00 higher. Price
trend on wholesale dressed lamb was also erratic as closing prices varied from
$1,00-2.00 lower in New York to t3.00-4.00 higher in Philadelphia. Slaughter ewe
prices strengthened in the Southwest, but were steady to lower in the midwest.
Good to Prime spring lambs bulked at t23.00-28.00, with some early in the week up
to $31.00 at Chicago. Except for the sale of some Greek Easter lambs early in
the season, this was the highest price in nearly four years. Cull to low-Good
lambs sold from t12,00-23.00. Good and Choice shorn old-crop lambs, mainly with
No. 1 and 2 pelts, bulked at $19,00-23.00, Prime early at Chicago to $25,50. Cull
to Choice shorn slaughter ewes brought $2.00-6.00, mostly $3.00-5.00. Good and
Choice feeder lambs sold up to t21.00, and a few young breeding ewes brought
$14.50-15.00 a head.
Continued on page 481.






WEEKLY RECEIPTS OF SALABLE LIVESTOCK AT 12 PUBLIC MARKETS


S Cattle Calves Hogs -Sheep
SJune Ju Ju ne June June June June June
Marke 9 11 9 11 9 11 9 11
196 1955 1956 195 1956 1955 1956 1955
-------------------------------- ----------L--------------------------- ---
Chicago -----.... 48,282 45,429 2,481 2,141 45,053 45,029 4,537 7,809
Cincinnati.......... 4,707 4,621 1,496 1,558 12,420 10,733 2,703 1,610
Denver....--------. 14,520 14,803 470 874 3,834 2,947 2,285 2,993
Fart Worth.......... 14,129 15,339 2,635 4,184 4,316 2,290 43,427 37,740
Indianapolis.------..- 10,056 8,702 1,435 1,590 39,691 36,028 1,650 1,343
Kansas City-.------ 22,852 19,567 1,304 1,527 12,470 6,383 10,847 10,119
Oklahoma City...... 11,597 14,653 1,256 1,877 5,166 3,212 3,192 3,668
Omaha.............. 41,437 44,105 988 719 41,132 32,238 10,037 10,324
St. Joseph----........ 14,828 16,151 1,306 992 31,142 21,242 7 454 6,801
St. Louis NSY.---. 19,319 17,876 5,008 4,545 62,425 44,122 7,032 5,276
Sioau City.----........ 23,585 24,125 621 397 27,713 24,893 2,768 4,192
S. St. Pal ......... 21,788 20,420 7,142 7,227 48,654 38,297 2,722 2,190

Total-..--..--..... 247,100 245,791 26,142 27,631 334,016 267,414 .98,654 94,065
June 2, 1956 195,703 21,750 273,535 73,137
INTERIOR IOWA AND SOUTHERN MINNESOTA
Week ended: Hogs Sheep
June 9, 1956 --------- -.... 253,000 21,700
June 2, 1956 ......--- ....-- 214,000 17,300
June 11, 1955 ---------------- 195 000 29,200
FEEDER AND STOCKER CATTLE: AVERAGE COST, WEIGHT AND NUMBER
---------------------------------------------------------------------------------
J .......Weendd d Month : Five Months
June 7 May 31 June 9 : May 1 May Jan.:- May
1956 : 1956 J 1955 1956 : 1955 1956 1955
;;Stee;; -"f10W;p ---------- .....' --------- 9 19- --'6'r.-. ----10' 8;..- --- "'
901-1000 641 628 958 3,341 4,842 26,383 39,412
801-900 1,649 ,11622 2,059 8,747 7,646 54,880 59,633
701-800 2,766 2,720 2,850 14,182 13,229 69,581 69,119
501-700 7,255 7,804 8,186 41,098 41,101 187,115 200,452


Total steers 10 mkts.
Av. wts. "
Av.cosI*" "
" "Chicago
Ks. City
Omaha
"S. St. Poal
"Sioux City
"Denver
"Ft. Worth
Okla. City
S. St. Joseph
Notl. Stk. Yds.
Total calves-10 mkts.
COIS.


12,513 12,864 14,243 68,735 68,925 346; ,261 381 678
686# 671# 690P 686f 692# 704# 714#
$17.23 $16.62 $18.89 $16.98 $18.95 $16.86 $19.93
18.23 18.15 20.33 17.93 20.33 17.49 20.31
17.63 17.27 19.59 17.68 20.01 17.41 20.74
16.78 16,52 19.55 16.95 18.51 16,72 19.86
17.55 16.26 17.94 16.05 17.23 15.58 18.09
18.43 17.90 20.03 17.78 19.63 17.20 20.35
18.33 17.81 20.65 17.78 20.17 17.40 21.59
15.87 14.82 17.45 15.68 17.58 16.25 18.74
16,32 14.70 17.37 15.72 17.45 16.14 18.82
16.84 15.81 17.74 16.48 18.44 16.53 19.67
16,77 17.22 18.46 16.95 18.49 16.46 18.88
6,396 5,284 6,206 26,322 28,552 117,892 153,845


bhilers, bulls- 4,588 3,911 2,748 20,116 19,681 69,644 83,474
* Not adjusted for diflereaces- i gade of cattle sold at each market.
of at djusted for differences in red* of cattle sold at each market.


474





475


BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER


Grade


Prime
Choice 2
Good
Standard
Com'1.
Utility
All grades 3

Prime
Choice 1
Good
Standard
Com'l.
Utility
All grades 2

Prime
Choice
Good
Standard
Com'l.
Utility
All grades 1

Prime
Choice
Good
Standard
Cor' 1.
Utility
All grades_

Prime
Choice
Good
Standard
Com' 1.
Utility
All grades_

Prime
Choice
Good
Standard
Com'1.
Utility
All grades-


a r Percent of age weight: Average price
a Number of head i total : Aerae weight in dollars
I-_ ---- y grades : J per 100 lb.
: .Week ended
: June: May : June: June: May : June: June: May : Junes June: May : June
S 7: 31 9 : 7 : 31 : 9 : 7 I 31 : 9 : 7 : 31 : 9
:1956: 19F56 1955: 1956: 1956: 1955: 1956: 1956: 1955: 1956: 1956: 1956


1908
4518
7258
628
25
147
4484


1
L45
46
6

2
;01


15
155
74

6
2
255


.89 2
24 15i
43 54
ill
-- 5
:04 1
.71 179


721
7179
3438
423

66
1827


1
26
33
1


63


2
60
29


1

94


69 1138 5.5
95 20444 71.1
78 8519 21,0
-- -- 1,8
43 885 .1
46 94 .5


31


CHICAGO
6.1 3
61.1. 65
29.3 27

2.5 2
1.0


31080


1.7 1309
.8 1172
.4 1011
-- 918
.,8 1338
.3 921
1140


OMAHA 17


!07 355 1.0 1.2 1.6 1242
65 13401 72,0 64.5 61,6 1147
25 6342 23.0 30.2 29.2 1015
-- 3.0 -- -- 955
'97 1487 -- 3.3 6.8 --
.51 163 1.0 .8 .8 856
45 21748 1109
S- SIOUX CITY _I/
46 34 6.1 2.6 .3 1216
31 7773 60.7 64.0 66,2 1150'
'23 3094 29,1 31.1 26.3 1015
-- -- 3.6 -- -- 964
71 701 1.8 6.0 --
46 138 ,5 .5 1.2 933
17 11740 1107


.14 17
>68 2687
153 2266
.69 --
230
36 23
;40 5223


8
2276
2818
663
119
213
6097

160-
2997
2224
586

64
6031


1323
2674
--
554
315
4866


115
2729
1462

303
30
4639

38
1839
3061

588
107
5633


78 9
2349 2341
1394 3309

265 452
59 54
4145 6165


KANSAS CITY
1,8 .3 2,5 1136
42.1 51.5 58.8 1157
52.9 43.4 31.5 1029
2.6 -- -- 948
-- 4.4 6.5 --
.6 .4 .7 880
1082
ST. LOUIS NSYj J
,1 -- .7 829
37,3 27.2 32.7 1097
46.2 54.9 54.3 1000
10.9 -- -- 922
2.0 11.4 10.4 1120
3.5 6.5 1.9 887


S.
2.6
49,7
36.9
9.7
I.I


1311
1172
1018
--
939
900
1127

1248
1154
1016

901
867
1103

1203
1138
999

986
867
1092


1262
1150
1014

1013
844
1112

1267
1109
1010

981
879
1072


22,70
21.32
19.69
17.01
16.98
15.13
21.02

21.43
19,90
18,07
15.67
-.0
13,67
19.37


1269 21.40
1135 20.36
1037 18.85
-- 16.80
1002 --
974 15.29
1100 19.89


22,92
21.22
19.36
--
16.88
14.72
20.70

21.64
19,71
17.95

15.42
13.62
19.09

21.31
19.82
18.45


25.01
22,99
20.57
-a
17.04
14.80
22.30

23.59
21.86
19.79
--
17.22
14.89
20.99

23.88
21.80
19.73


16.08 17.36
14.50 15.48
19. 9 20.99


934 1120 22.45 22.41 23.73
1076 1101 20,64 20.03 22.52
1004 985 19.18 18.56 20.17
-- -- 16.37 -- -


999
874
1040


1C
1C


1026 1015
ST. JOSEPH 17 -
1.9 .1 1199 1167
56.7 38.0 1110 1104
33.6 53.7 1051 1014
-- -- 974 --
6.4 7.3 -w 944
1.4 .9 899 867
1075 1061


960
903
1054


13.69
19.81


-- 1143 22,00
)84 1022 20.44
)12 971 19.25
-- -- 17,75
r98 891 17.38
864 870 15.58


979 19.43

1198 21,16
1119 19.93
1038 18.33
-- 16.17
966
904 13.70
1062 19.00


15.63
12.94
19.21


20.11
18.89
a
17.22
15.49
18.8Z

20.67
19.50
17.96

15.98
12.94
18.76


17.06
14.69
21.49

24.95
22.54
20.60

18.01
15.37
20_96

23.24
22.28
20.03
a
17.46
15.13
20.73


Continued


_____


--


--


5
t

,>


- ------------





476 BEEF STEERS SOLD OUT OF FIRST HANDS FOR SLAUGHTER
.-------------------.--. I ;;;-;- ......-......................... rg; -i- m
Numr orcf ntot Average weight Average price
Number of head total nds) n dollars
by grades per 100 Ib.
Grade -------- Week ended
:June" May :Ju.ne June May June June May June June May June
7 : 31 9 7 31 31 9 7 31 9 31 9
S1956 1956 : 1955 1956 1956 1955 : 1956 '1956 1955 1956 1956 1955
---.------ --- ............- ----- .. ---- t .-...--....--- -----..- -.-.. -, .-.-.----
DENVER.I
Prime 73 -- 97 1.0 -- 1.4 1172 -- 1136 21.91 -- 23.50
Choice 5756 5341 5698 76.7 76.7 80.1 1123 1152 1117 20,80 20.32 22.72
Good 1467 1489 1168 19.6 21.4 16.4 1003 1069 1043 19.25 18.95 20.86
Standard 198 -- 2.6 915 -- -- 16.11 -
CoalI. -- 124 153 -- 1.8 2.1 -- 1046 983 -- 15.76 16.60
Utility 9 11 -- .1 .1 -- 769 901 -- 14.00 14.41 --
All grades 7503 6965 7116 1094 1132 1103. 20,4319.96 22.32


I] These summaries developed from
the Agricultural Estimates Division,


data collected on marketing of fed cattle by


ESTIMATED FEDERALLY INSPECTED SLAUGHTER AND MEAT PRODUCTION
...----.----" ................ ----------------- ------- -----
Park L Lamb and
Beefo Veal Pr Total Total
Week (excl. lard) : u,,ttoa meat lard
ended Hum- um-: ,um: Num- : :
,br l b. r 0 b r lb mil. b. m m .
........... --.."-' ...-.-...-o- .----- .-- o-------
June 9, 1956 403 221.6 151 19.5 1,065 148.6 274 12.6 402.3 --
June 2, 1956 337 184.0 132 17.0 896 122.3 218 10.0 333.3 -
May 26, 19561/ 356 -- 134 -- 1,015 -- 226 -- 35.9
June 11,1955 382 204.0 144 18.6 867 126.6 283 12.7 361.9 33.2
Percentage change from:
June 2, 1956 +20 +20 +14 +15 +19 +22 +26 +26 +21
Jae. a55..-.-+.. ...... + D.+.S ....... +... .5._... .:2.3.... .+1..... -. ....:.. ...... t ...--...
-- -- -- -- -- r -- -------~ ---- -- -- +- A +23-- -- +17O ~ -- 3-- - -Lord,*
--vera- -e (l-) -- -- ---- -------Lard
Week Cattle : Shep and yield
ended l : Clves : g lambs per
--------- B 11 4ol --W ---- I ---'--- !-- j"b P
.---- ------. Liv Drssed Liv Dresed Live -ressed2 Live Dres.sd 100 bh..
June 9,1956 990 550 235 129 250 140 94 46 -
June 2,1956 985 546 235 129 245 136 95 46
May 26,1956 985 546 230 126 245 136 96 47
June 11,1955 963 534 231 129 261 146 92 45 47..
Jw ---------------?-3-- .------------- 2--- ---- - - -
/ Actual slaughter,
/ Excludes lard,






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477






478
CATTLE: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
--------- -------------------------------------------.I--------- ----------------
Chicago Kansas City Omaha
*----------------------------------------------------------------- --------
9 31 11 : 9 31 11 9 31. 11
1956 1956 1955 : 1956 : 1956 1955 : 1956 1956 1955
----~----------------------------- -------------------------- ---------------A-----------------
lSteeauhtercattle, calves and vealers
Steers -


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

Utility & Commercial
Calves 5 600# down -
Choice i/
Com'l. & Good
Vealers All weights
Choice & Prime
Com'l. & Good


23,32
23.25
21,58
21,50
19,20
16,70


21,09
19,10
16.42

13.40
12.42
11,20


23.54
23.62
21,58
21.58
19.17



20.79
18.77


13.29
12.08
10.96


24.95
25.28
23.28
23.16
19.98



21.85
19.69


14.32
12.80
11.05


:23.02
1 22.78
S21.25
21,25
(18.62
:16.12

S --
: 20.38
: 18,09
t 15.38

t 12.65
: 11.78
:10.55


15.26 15.21 15.46 13.38


18.80
15,60

21,95
18,35


18.83
15.00

22.67
17.83


20.30
16.40

23.80
19.30


117.25
:14,62

a 20.00
S16.75


22.67
22.42
20.75
20.62
18.29



20.04
17.71


12.29
11.04
9.79


24.38
24.25
22.50
22.36
19.75



21.75
19.30


14.00
12.50
11.00


S22.58
S22.38
20.40
S20.28
:17,60
S15,30

2 --
:19.92
: 17,60
: 15,25

:12.72
:11.75
:10.30


13.38 13.32 :13.62


17.00
14.00

19.50
16.00


19.50
15.50

21.00
17.00


:18,00
:15.00

S20,88
S16.25


22.44
22.31
20.18
20.12
17.38



19.68
17.25


12.25
11.28
9.90


24.45
24.25
21.95
21.80
19.55



21.60
19.25


14.30
12.48
10.60


Feeder and stocker cattle and calves
Steers -


Choice 500-800O
Good *
Medium 500-1000
Heifers -
Choice 500-750
Med. & Gd. *
Cows All weights -
Medium & Good
Calves 300-5001 -
Steers -
Good & Choice
Heifers -
Good & Choice


20,20
17,90
15.82

17.75
15.25


20.12
17.75
15.62

17,62
15.00


22.50
20.50
17.25


: 20.12
: 18.25
:15.75


19.00 118.00
16.00 115.25


19.62
17.62
15.00


23.00
20.75
17.25


17.88 19.25
15.12 -16.25


-- a 10.75 10.75


: 19.62
:17.62
s14.88

117,88
115.38


11.25 t11.12


20,60 20.75 21.50 :19.50 19.00 22.00 :19.25

17.90 17.50 18.50 117.50 17.25 18.50 :16.75


19.38
17.25
14.62

17.38
14.88


22.12
19,88
17.00

19.12
15.50


10.88 11.75


19.25


21.50


16.50 18.00


1/ Grade classification was Choice and Prime prior to June 1, 1956,


13.50 14.25


18.50
15.00

21.00
16.50


18.50
14.50'

20,20
16.10






HOGS: WEEKLY AVERAGE OF DAILY QUOTATIONS 479
In dollars per 100 pounds
SInterior Iowa and
Chicago southern Minnesota Indianapolis
~~-Classification :- -j ---------- ---- --me---------- --Y ---------
Classification I "6 1u.. Txime .
9 2 11 9 2 11 9 2 11
1956 1956 1955 : 1956 1956 1955 1956 1956 1955
- -----i- llii--i---ill-.i _iiiiii l_----i --_iii_. .iii_ I --- -----. ------------------------ ----


Barrows and gilts -
U.S.No.1 160-180f
2 and 3 180-200
200-220
220-240
240-270
270-300
Sows -
300-330#
360400
450-550


16.55
17.51
17.68
17.54
17.22
16.90

15.52
14.50
13.15


16.75
17.62
17.74
17.72
17.29
17.00

15.62
14.83
13.83


18.25 : 15.03
19.66 : 16.49
19.66 : 16.83
19.30 : 16.58
18.40 : 16.14
17.52 : 15.60

16.42 : 15.01
14.95 : 14.14
13.50 : 12.73


15.06
16.48
16.86
16.64
16.16
15.68

15.32
14.63
13.32


17.62
18.83
19.08
18.67
18.04
17.29

15.84
14.72
13.27


: 16.45
:17.72
17.75
:17.60
:17.18
:16.65

i 15,00
:14.15
:13.12


16.41
17.81
17.88
17.78
17.25
16.59

14.81
14.06
13.12


18.32
19.74
19.68
19.38
18.62
17.72

15.90
14.85
13.30


Pigs Stockerr and feeder)-
Gd. & Ch. 70-120# -- : -- -
----e----e--- -------------emi--e .....-m--.....--- !-m.e.w ....... .m -------- ---.-.--- ------------
*Omaha St. Louis
National Stock Yards Sioux City
"l-------------"-l--------------------o-..-----------------------------------


Barrows and gilts -
U.S.No.1 160-180f
2 and 3 180-200
200-220
220-240
240-270
270-300
Sows -


17.32
17.32
17.32
17.08
16.58


17.31
17.31
17.31
17.18
1. 68


-- : 16.88
19.70 : 17.62
19.70 : 17.65
19.70 : 17,60
19.05 : 17,19
17.90 : 16.68


16.73
17.56
17.56
17.56
17.16
16.77


19.38
19.60
19.58
19.18
18.58
17.50


16.55
17.20
17.15
16.80
16.18


16.62
17.18
17.12
16.83
16.25


--
19.48
19.80
19.65
18.80
17.75


300-3301 15.52 15.78 16.72 : 14.75 15.00 15.40 : 15.52 15.75 16.68
360-400 14.45 15.06 15.30 : 14.38 14.62 14.08 : 14.28 14.71 15.25
450-550 13.18 13.38 13.58 : 13.20 13.72 11.58 : 12.98 13.33 13.60
Pigs Stockerr & feeder)-
Gd. &Ch. 70-120f -- -- --
------ --------------------- 7-- --------------------------------------------------
II|
S. St. Paul Baltimore N. Portland
------------- ------- --------------------------------------------------------------------


Barrows and gilts -
U.S.No.1 160-180#
2 and 3 180-200
200-220
220-240
240-270
270-300
Sows -
300-3301
360-400
450-550
Pigs Stockerr & feeder)-
Gd. &Ch. 70-120#


17.05
17.38
17.38
17,38
16.98
16,02

15,38
14,00
13.25


17.38
17.59
17.59
17.59
17.25
16.41

15.81
14.75
13.72


19.48 : 18.08
19.72 : 18.62
19.70 : 18.62
19.38 : 18.45
18.52 : 17.95
17.12 z 17.32

16.55 : 14.12
15.18 a 14.12
13.55 : 12.62


17.58
18.21
18.21
18.04
17.46
16.88

13.92
13.92
12.32


15.50 15.38 16.20 :


20.34 : 18.12
20.72 : 18.75
20.72 :18,75
20.34 : 18,62
19.34 :17.19
17.84 : 16.25

14.97 :15.50
14.78 : 13.75
12.69 12.25

-- : 15.25


18.00
18.62
18,62
18.50
17.12
16.25

15.50
13.75
12.25


20.38
21.25
21.25
20.50
19.50
18.75

16.25
15.38
14.50


-- ..m





480
HOGS: AVERAGE COST, WEIGHT, AND NUMBER OF PACKER AND SHIPPER PURCHASES 1/
.------- -- ---------------- -- -...................................
Lo is Kan- S. S. 8-
Chi- Natl. sas Omaha Sioux St. St. Indian- mkts.
Week ended cago Stock City a City Joseph Paul apolis com-
Yards bined
-------------------------------------------------------------------------------------------------------
AVERAGE COST' Dollars per 100 pounds
Barrows June 9,1956 17.27 17.30 17.00 17.10 16.86 16.93 16.71 17.44 17.12
and June 2,1956 17.36 17.35 16.95 17.01 16.98 16.94 16.87 17.62 17.20
gilts June 11,1955 18.80 19.14 19.30 18.96 19.15 19.21 19.00 19.22 194~0
June 9,1956 14.16 13.98 14.22 14.65 14.44 14.39 14.36 13,46 14.24
Sows June 2,1956 14.42 14.29 14.10 14.75 14.76 14.39 14.74 13.52 14.44
June.11,195.. 14, _55__....8._..._...1.. .0..l44. 3.. Q..1.90
AVERAGE WEIGHT Pounds
Barrows June 9,1956 232 218 218 228 228 220 228 225 224
and June 2,1956 230 217 217 224 224 218 225 225 222
gilts June .11l.1955. 236. 215 ..2283 .2 ..228 .221.. .22.5 .... .22.
June 9,1956 408 397 398 368 365 378 369 443 387
Sows June 2,1956 407 397 403 374 363 377 365 442 389
June 11.1955 400 428 439 365 358 95 353 455 38.
NUMBER OF HEAD -
Barrows June 9,1956 28860 51877 10875 27969 18078 26899 32256 31930 228744
and June 2,1956 25767 49608 10709 22265 15311 20185 23949 26897 194691
gilts June. 1.195_ 8.912 35_ 442 .._ _588_ .1.738 ..12603... 17519 .. 20688... 2.9436 16?7570
June 9,1956 11389 5154 921 9620 6530 3262 11486 4993 53355
Sws June 2,1956 8333 4687 826 6725 4661 2140 7382 3973 38727
.J-l. o.r955..._ i 390....- a5 4..... 4..OQ7R.. 9M 0...28 a..138f..i.506_.59%28
SOWS Percentage of total.
June 9,1956 28 9 8 26 27 11 26 14 19
June 2,1956 24 9 7 23 23 10 24 13 17
June 11,1955 29 8 9 43 43 14 40 15 26
1/ Weighted average.
WEEKLY AVERAGE WHOLESALE VALUE OF HOG PRODUCTS DERIVED
FROM 100 LB. LIVE HOG. COMPARED WITH PRICES OF LIVE HOGS, CHICAGO
------ -------------- --- -------- --- ------------- r -6 -r Mse -- i e -a -- -
Hog products 1/ Hog prices 2/ or margin 3/
--------------------------------------w
June 9, 1956 $19.09 $17.68 $1.41
June 2, 1956 19.57 17.74 1.83
June 11 1955 21.21 19 66 1 55
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. 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
June 9, 1956 17,27 155,4 11.1
June 2, 1956 17.36 151,6 11,5
June 11, 1955 18.80 146.2 12.9
/ Simple average price.






SHEEP AND LAMBSt WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
S: i : : s0gden
:Chicag* ma :Kansas : Fort :r North
Chicago Omaha Denver
: City : Worth : :Salt
-- -t: Lake
LAMBS (SPRING) -


Choice and
Prime

Good and
Choice


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


Good and
Choice


ime 9, 1956 28,70
mne 2, 1956 27.50
anee11, 1955 24.72
mne 9, 1956 26.45
ane 2, 1956 26.25
me 11, 1955 23.72
wn (SHORN)-
ane 9, 1956 23.85
me 2, 1956 24.00
une 11, 1955 20.48
me 9, 1956 22.55
me 2, 1956 23.12
ne 11, 1955 19.62

me 9, 1956 5.00
me 2, 1956 5.00
me 11. 1955 _5.50
me 9, 1956 4,00
me 2, 1956 4.00
ne 11, 1955 4.25


26,48
27.25
24.35
24.88
25.90
23.20


20,50
21.62
19.52

4.50
4.75
4.58
3,62
3.75
3.50


26,30
27.17
24.10
24,18
25.33
22.85



17.62


16.38


-- 28.45
-- 27.75
-- 24.15


26,60
25.88
22.02


22,70
21.95
21.80


-- 23.75

20.75 --
19.85 22.38
15.90


4.38 -- 5.38
4.50 -- F.25
4.75 -- 5.50
3,50 -- 3.25
3.58 -- 3.25
3.75 -- 3.75


26.22
25.25
22.88
24.95
24. OC
21.42


481


&;South
:San
:Fran-
:cisco

S24.25
23.75
20.00
S23.25
122.75
2 19.00


-- 24.75


19.00 -
18.00


5.50 3,50
5.50
4.50 --
3.25 3.00
3.25 3.00
3.00 --


June 9, 1956 -- 20.00 15.75 18.75
June 2, 1956 -- 20.00 15,55
June 11, 19F5 12.50
LIVESTOCK MARKET REVIEW CONTINUED FROM PAGE 473
WESTERN LIVESTOCK REVIEW


20,25
20.25
16.75


Some improvement in the trade on steer and heifer beef influenced a steady to
500 higher price trend on fed cattle at Western terminals. Cows sold steady to
500 higher at Denver and North Portland, steady to weak at other markets. Vealers
and calves were largely steady to 500 lower; stocker and feeder cattle and calves
mainly steady, instances 500 higher, Barrows and gilts closed steady to 250 lower
at Denver and Ogden, steady to 50 higher in the Far West, Price trend on
slaughter spring lambs was strong-to $1.00 higher,
Choice fed steers and heifers brought $19,00-22,00 throughout the West.
Choice 500.550# stocker steers brought $20,00-20,50 at Denver, Good and Choice
stockers and feeders at other Western terminals $16.00-19,00, stock steer calves
$17.00-20.50, In the direct trade, slaughter steers and heifers sold steady to
50 higher; most Choice steers up to 1200# out of California feedlots $19,50-21,00,
few loads high-Choice and Prime under 1050# 421.25-21.75, Good and Choice stocker
and feeder steers brought $16.00-18,00,
Barrows and gilts grading U. S. No, 1 to 3 and weighing 180-240# brought
$18.25-19,50 at North Portland; $18.00-19.50 at Los Angeles; t19.25 at Stocktoni
$19.00 at S. San Franciscp; t17.50-18.65 at Spokane; $17,50-18.50 at Ogden and
$17.00-18.25 at Denver. Choice and Prime slaughter spring lambs sold at Denver
from $28.00-29,00, Good and Choice $26.50-27,50, At Ogden Choice and Prime cleared
from $26.00-26,50 with Good and Choice $25,00-25.50. Elsewhere in the West Good to
Prime offerings ranged from t22.00.25.00. Good and Choice shorn slaughter spring
lambs with No. 1 and 2 pelts sold from $21.00-23.00; same grades spring feeder
lambs $18,50-20,00,


LAMBS -
Choice
Prime


105p
and


, i






482
NEW YORK WHOLESALE MEAT TRADE REVIEW
Western Dressed Fresh Meats

Demand for Western dressed fresh meats was fair throughout the week despite
slow action on Monday. Receipts of steer beef held barely normal, unloads of cow
beef, veal and calf moderate. Lamb receipts consisted mainly of spring carcasses,
bulk scaling 50# down. Volume of daily sales was limited as current buyer oper-
ations were held to minimum needs. The early advance on steer beef was well sus-
tained, while prices of other classes worked lower, with lamb and fresh pork loins
leading the decline. Compared with Friday a week ago: Prime steer beef fully
steady, Good and Choice $1.50-2.00 higher; cow beef steady; veal steady to $1.00
lower; calf mostly $1.00 lower; spring lamb $1.00-2.00 off; pork loins $5.00 or
more lower, spareribs $1.00 higher, other fresh pork cuts steady to $2.00 lower.
Sellers obtained higher prices on steer beef carcasses and wholesale cuts at
the week's opening. Beef moved best of the various classes of fresh meats. Buyer
preference was given to front-end cuts, while some easiness developed on short
loins. Cow beef cleared dependably at steady prices.
Prices of veal and calf were under pressure early in the week, with purchases
held to a minimum The supply increased after Wednesday, prices were revised
downward. A handful of old crop lamb cleared early at a $2.00 advance, but prices
on spring lamb worked progressively lower. Some lower grade thinly fleshed offer-
ings sold at drastic discounts. Demand for foreeaddles and related cuts was ex-
tremely broad and hotel supply outlets sought after the limited supply of carcasses
of cutting weights.
Receipts of Western dressed fresh pork were small but current inquiry was com-
mensurate with the supply. Prices on loins declined steadily and clearances were
slow with prices under pressure.
Locally Dressed Fresh Meats

Slaughter operations in the cattle, calf and lamb divisions were about normal,
with fresh pork production slightly" increased. One major slaughterer in the Metro-
politan Area suspended operations due to labor difficulties. Upturns were recorded
on both kosher and non-kosher steer offerings, while prices of other classes closed
about steady despite some early weakness. However, declines were recorded on fresh
pork.
Steer hindquarters cleared readily at about $2.00 higher prices, with most of
the upturn on heavyweight offerings. Ribs moved best of the various primal cuts,
and lato demand for arm chucks was extremely broad. Early transactions on kosher
forequartors and related wholesale cuts were on a fully steady to strong basis,
while late sales were mainly on a $1.00 higher scale. Kosher ribs enjoyed a broad
outlet and daily clearance of both forequarters and cuts was usually complete.
Veal and calf sales averaged about steady, although instances wero $2.00
lower. The supply included all grades and weights, with calf offerings moro
abundant than recently. The general price structure weakened further through sales
of non-kosher foresaddles at lower prices, with boning type offerings particularly
hard to move late. Moderate lamb kills consisted of a majority of spring offerings,
with old crop lots very scarce. Prices held steady at the outset, but discounts
of $1.00 wore necessary around midweek to effect better movement of well-finished
carcasses and hindsaddles, while drastic discounts were necessary on lower grades.
Kosher lamb foreeaddles closed steady after some softness.
Prices on most primal cuts of locally dressed fresh pork were weak throughout.
Spareribs were excepted, however, and sold about $3.00 higher. Late salos of fresh
loins wore off $6.00-or more, with other fresh pork cuts weak.






483
CHICAGO WHOLESALE MEAT TRADE REVIEW

Featuring the week's trade was the continuous downward pressure on prices of
fresh pork loins that resulted in one of the *everest declines in recent years.
Additional developments included an uneven trend on beef and generally stronCer
prices for both spring and old crop lamb. Most veal consisted of carcasses over
80# with lighter weights in limited volume. Bulk of the steer beef graded Choice;
however, all grades proved sufficient for the demand. Boston butts and spareribs
sold dependably throughout the week despite the price break on pork loins. Limited
lamb supplies cleared fairly readily at higher prices. Trading in carcass beef
was only modoratoly active although after Tuesday's small decline on Choice beef,
trade was fairly stable. Compared with a week earlier: Choice and Primo beef
steady to 500 lower; Good and Standard mostly 50# higher; veal steady to $1.00
lower; old crop lamb $1,00-2.00 higher, spring lamb 500 to *1.00 higher; pork loins
$8.00-10.50 lower, Boston butts $1.00 lower, spareribs 500 to $1.00 higher.
Choice and Prime squarecut bbof chucks turned at $29.00-30.50; comparable
rounds $41,50-43.50; Prime loins $80.00-85.00, Choice $65.00-68.00; Prime ribs
$55.00-57.00, Choice $45.00-48.00; Choice and Prime kosher style chucks $28.00-
30.00. Choice and Prime lamb loins turned at $80.00-85.00; hotel ribs $72.00-75.00;
shoulders $40.00-44.00. Pork loins 8-12# cashed from $44.00-48.00, 12-16# $43.00-
47.00, Boston butts $35.50-40.00, spareribs $37.00-42.00.

PACIFIC COAST WHOLESALE MEAT TRAIE REVIEW

Steer beef supplies were generally small on the West Coast with Good and
Choice carcasses under 650# the most limited. Volume of veal and calf expanded in
most instances. Spring lamb graded largely Good in California, with several ship-
ments of Choice and Prime to the Eastern Seaboard particularly out of the San
Francisco area. Supply of pork cuts was moderate but more than ample for a narrow
demand at most points. Trading on most beef was fairly active, veal and calf trade
just fair and spring lamb fair to slow. Fresh pork loins moved slowly with a fair
trade on other pork cuts. Prices compared with last week's close: Stoor bcof
strong to $1.00 higher, instances $2.00 higher in the Los Angeles area; cow beef
mostly steady, some Commercial 50 lower at Los Angeles and Canner and Cutter $1.00
lower at San Francisco; calf and veal steady to $4.00 lower, most decline in the
Pacific Northwest; spring lamb $2.00-3.00 higher in California and weak to $1.00
lower in the Northwest; fresh pork loins weak to $4.00 lower, most decline in Cali-
fernia; other fresh pork steady to $4.00 higher; smoked skinned hams steady to
$1.00 lower at Los Angeles and Portland, steady to $1.00 higher at San Francisco;
other smoked meat mostly steady except slab bacon $2.00 lower in the Northrest;
lard steady to $1.00 lower,
Choice stocr carcasses under 700# brought $33.00-37.00, few under 500' $38.00
at Los Angeles, 700-800# $31.00-35.00; Good 500-700# $31.00-35.00; Standard $28.00-
32.00. A few Standard cow carcasses were available at San Francisco at $28.00-
30.00; bulk hard-boned Commercial $23.00-28.00; Utility $23.00-27.00; Canner and
Cutter $19.00-24.50. Good and Choice under 300# calf carcasses sold from $31.00-
40.00; Commercial, all weights, $29.00 up; Good and Choice veal under 150' $33.00-
42.00; Commercial $30.00-35.00. Choice and Prime 45-55# spring lamb sold from
$47.00-52.00, Good, all weights, $42.00-49.00. Closely trimmed pork loins under
16# brought $50.00-57.00; shoulders under 16# $29.00-38.00; Boston butts under 8&
$36.00-44.00; slab bacon under 10# $32.00-43.00; smoked skinned hams under 18#
$52.00-59.00.






484


WHOLESALE DRESSED MEAT PRICES: WEEKLY AVERAGE OF DAILY QUOTATIONS
In dollars per 100 pounds
New York Chicago t San Francisco


Classification


Beef -
Steer -
Prime 600-700=
700-600
Choice 500-600
600-700
Good 4100-600
Standard 350-600
Cow, all wts. -
Commercial
Utility
Veal -
Prime 90-120
Choice "
Good "
Spring lamb -
Prime 30-45=
-5-55
Choice 45-55
55-65
Good All wts.


Pork Fresh -
Loins S-1I


12-16
Butts 4-8
Pork Cured -
Hams, smk., skd. -
12-16=
16-18
16-20
Bacon, smk.,slab -
6-8
5-10
Sliced lP pkg.
Picnics, smoked .
1-8*
Backs, D.S. -
16.20#
Lard, I1 cartons -
Refined
Substitutes


-
SJune May June June May June June : May
S9 : 31 : 11 9 : 31 : 11 : 9 : 31
:19F6 195 6 : 1955 : 19.6 : 19F6 : 19F5 : 1956 : 1956


39,25
38.25

37.75
34.00


28.00
26.50

40.50
35.70
33.20

58,20
59,80
59,30
57,60
49.00

53.60
52.70
40.30


49.50
46.50



36.50
41.00


39,25
36.25

36.00
32.25


28.00
26.50

410.50
36.33
33.50

54.67
56.17
56.17

48.17

56.00
54.67
40.17


50.50
46.50



34.50
40. 50


-a
43.50
--
40.85
36.00
--

30.00
26.40

42.00
36.00
33.50

52.40
49,90
49,90

44.50

59.00
55.80
35,80


52.00
486.00



42.00
50.50


37,05
37,05
35.80
35. 80
33.70
31.25


37.06
3".06
35.58
35.58
33.00
--,,


42.45
43.10
37.75
38.00
3F.50
-,- ,,


-

35.50
34.30
33.60
30.00


-- -- 26.70
-- -- 25.00


42.50
36.50
34.50

56.60
56.60
56.60
54.60
52.60

48.85
48.25
38.35


54.95
55.50
54.40

35.75
34.65
42.55


31.00 29.00 33.50 1 33.90

15.50 15.50 15.00 t 12.75


17,50
..


17.50


16.50
-,,


15.75
30.75


42.50
37.00
35.00

49.67*
49.67 4
49.67*
48.67*
43.83*

53.33
52.25
37.42


54.75
5,'. 33
53.33


35.58
34.42
41.92

33.33

12. 75

16.25
31.00


41. FO
37.00
35.00

49,80
47.70
47,70

42.20

57.20
53.60
35.90


53.10
51,80
50.10

45.05
42.65
50.95


: 38,00


a 49.00
: 49,00
: 47.00
: 44.50

S56.00
t 56.40
: 42.00


s 57.50
S55.50


: 40.00
:38.00
S44.00


35.50 t32.00

11. 5 : -


14. 75
27.00


a 19.00
2 --


--
35.50
34. 00
33.00


28.50
25.50



41.00

W
47.50
47.50
46.00
44,00

57.00
56.00
38.66


56.00
54.00


40.00
38.00
44. 00


June
11
19F5


--
40.30
38.80
38.00


30.00
26.50



39.00

-v
40.00
39.00
37.00
37.00

59,00
56.20
'11.60


57.20
53.60


51.00
48.00
51.00


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


32.00 36.00


19.00


18.50
--


2 I





485
BOSTON WOOL MARKET REVIEW

Turnover of greasy domestic worsted wools in the Boston market was slower
than a week ago as approximately twenty-two cars of various combing wools were
moved. Bulk of sales were in medium grades as a few dealers were shading prices
somewhat in medium fleece wools. Most topmakers had withdrawn from the local mar-
ket as well as the primary areas. Activity in the domestic wool producing areas
slowed down considerably and little was done in Texas and the territory States.
Trading in the fleece wool States was very dull.
The Australian auction at Melbourne opened during the week on a very strong
note and continued strong at midweek with Japan the main buyer. All other
Dominion sales were closed for the season. South American markets continued quiet
at about unchanged prices.
Fleece Wools Graded fine staple Ohio delaine wool sold in a range from
$1,31-1.35 clean basis while less than a car of graded 60/62s good French combing
and staple fleeces at 520 in the grease cost around $1,18 clean and 56/58s good
French and staple fleece wool brought from $1.00-1.06. Graded 50/54s good French
combing and staple sold from $,98-1.01 clean, A small quantity of graded 56/58s
average French combing fleeces moved at 900,
A pool of medium ungraded wool in Pennsylvania sold at an estimated cost of
$1.02 clean for the 3/8s; 980 for the 1/4 blood and 940 for the baby combing wool.
Bids on three other pools were rejected as too low.
Country buyers were paying 42-430 for fine wool and from 40-454 for medium
wool to the growers in the fleece wool States..
Territory Wools High half blood staple and good French combing territory
wool, grading 62s, sold at $1,18 clean basis while 56/58s good French combing and
staple brought l1,10 and 50/54s moved at $1.06 clean. A very small lot of graded
70s good French combing and staple New Mexico wool at 41) grease basis cost 41.30
clean.
Texas Wools A choice lot of graded 12 months Texas 64/70s strictly staple
wool sold at $1.37 clean basis while bulk average French combing 12 months wool in
original bags brought 41.30. -
Mohair A fair weight of mohair sold in Texas at 86- for adult and 961-97.1
for kid hair to the warehouse. A total of about 500,000 pounds remained unsold in
Texas.
Sales of CCC Wools The Commodity Credit Corporation announced on June 7 that
approximately 769,000 pounds of C.C.S.-owned wool were sold from bids received on
about 2,273,000 pounds. The principal grades, quantities and sales price ranges
(before discounts, if any) follow:
Pounds Price Range
Graded territory 1/2 blood, average and good French 16,090 $1.102
Original bag Texas 8 months, best length 42,973 1,153
Graded fleece, fine, average and good French 30,412 $1.10- 1.103
t 1/4 blood staple and good French 48/50s 211,855 .966
Greasy pulled worsted type 60/64s 43,593 1,20
80s, 3" 38,978 1,12
58/60s 110,296 1.081-1,101
56/58s 54,204 1.02 -1.071

Foreign Wools There were recent spot sales of substantial quantities of
hontevideo super skirted 60/64s and 60/62s estimated to cost around $1.305 and
$1.32 clean basis, duty paid. Greasy shorn New Zealand 50s lambs wool sold for
shipment around $1,04 clean basis duty paid, Cabled quotations from Australia at
week's end showed type 61 at $1.47; 62 at t1.45; 63 at t1.38; 422 at $1.33; 423 at
$1i18; 424 at A1.04 and 425 at 9012, Quotes based on clean U. S. yields in bond.




UNIVERSITY OF FLORIDA
i11111lll 1111111lllll111lllllll11111111
486 LIVESTOCK PRICES AT CHICAGO COMPARED WITH WHOLESALE AND CI 3 1262 08734III
MEAT PRICES AND WHOLESALE AND RETAIL MEAT VALUES AT N,
-----------------------------------------------------------
t Steers I Lambs I ---- Hogs
t May 2 Apr. May : Maf_: Apr. u May : May : Apr. : May
--.-----. -- i 1956_: 1956 L 1955_: 1956 : 1956 1955 : 1956 1956. 1955.
Dollars per 100 pounds
Live animal prices
Chicago I4........ 22.28 22.68 24.74: 27.30 21.2e 20.281 16.76 15.43 12.83
Wholesale meat
prices,New York 2 37.43 37.72 41.84a 52,79 40.42 40.13:
Cents per pound
Composite retail meat
prices,New York 3~ 55.43 55.36 65.12: 63.77 53.72 57.63:
Value of carcass meat from 100* live animal (dollars)
Wholesale-New York Ij 22,46 22.63 25.16: 25.87 19.81 19.661 20.44 19.36 22.81
Retail New York 5/ 26.05 26.02 30.871 30.10 25,36 27.20t 25.23 24.23 28.33
Av. Choice and Prime steers, 900-1100 lb., Choice and Prime lambs, and U. S.
No. 1, 2 and 3, 220-240f hogs.
2/ Av. Choice and Prime steer beef, 600-800 lb.., and Choice and Prime lamb.
3/ Composite av. of semi-monthly retail quotations on various cuts (incl,lard)
combined in proportion to their respective yields from live weight,
4/ 60 lb. of beef carcass, 49 lb. of lamb carcass and 60.43 lb.** of principal
hog products consisting of smoked, skinned hams, bacon, picnics, fresh loins,
Boston`butts, spareribs, and carton lard combined in proportion to their respective
yields from live weight. **Changed effective January 1956.
5 4?7.0 lb.** of beef cuts, 47.2 lb. of lamb cuts and 58.56 lb,** of principal
hog products, incl. lard. **Changed effective January 1956.
6/ Nay 1956 data based on spring lambs and new-crop lamb,








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