Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-12-12
Too Many Cattle Have Been
Marketed This Week and
Price Average Lowered
HEAVY BEEves SUFFER MOST
Exporters Bought a Good Many Good
Steer. Around 4s5-R.nse of Hog
Prices Slightly Higher Than Last
Week-Larss Feeders Holding On
to Cattle for January Market.

Chicago, Dec. 12.-Cattle-Today'
limited supply was sold at the ruling
low prices, offerings being poor II
quality. The weeks supply was great
ly excessive and prices declined large
l., 25140 cents. heavy beeves catchins
i: worst. Exporters have bought $
good many cattle this week at the low
es, prices of the var, getting fairly
good steers as low as 4,a5.
Shippers of the big, heavy, over-rips
cattle are counting their losses il
chunks at present, the ide OF marke;
affairs having gone decidedly against
them. The result VIII be that fewer
cattle than usual will be put on feed
this winter. Corn holds up to a pretty
strong price and is too high to sui
feeders. Many habitat cattle are COM
ing to market now because their own
ers are out of corn and are not anxious
to buy feed with prospects OF a loss
ahead.
Some cattlemen are inclined to be-
lieye that the recent excessive runs OF
heavy cattle, which OF late have caused
big drop In prices for such, will soon
slack up, some traders saying that they
have In recent tours thru feeding sec
lions found that many cattle have been
shipped and hut comparatively few fat
kinds remain, and especially big heavy
summer fed steers, leading them to be-
lieve that in the near future supplies
of choice heavy stesrs Will dwindle
down to a small proportion of the re-
ceipts. ard thus help prices for that
class. One man who at present is
feeding close to 5000 steers in Ne
hraska, and buying corn there at %
cents and upward per bushel, says that
in his opinion holding of steers Is nos
bad policy at this time, as tho prices
may not advance. steers that are be-
ing fed In the right manner should
gain enough weight to pay for the
feed. and should values take an up-
ward turn the. feeder would be that
much better off.
Hogs.
Nothing very desirable sold early be-
low AS, but when late trains began
to dump in many loads OF hogs prices
dropped back cents from the morn
ing range, bringing the general aver
age OF the market down to only shade
above Fridays. The late trade was
weak and closing prices were 1512O
cents higher than the close of last
weak, but are still 1.4o@1.70 under
prices paid here the same time last
year.
The packers bought heavily yester-
day.
Considerable information has been
recently received by the Price Current
from the central regions. furnishing the
hulk of the supplies. which appears to
nolnt to a total winter supply probably
not varying essentially from last year,
the deficiency which may be shown for
the first two months of the season APP
pearlng likely to be mostly, II not en-
t,rely, balanced by relatively larger
receipts subsequently. Supplies OF OLD
or well-matured hogs are undoubtedly
Jess than a year ago, while young AMI
mails are more abundant. The average
weight for the winter may be expected
TO fall short of last year There are IN
dicat!ons that the disorders among
swine which are liable to develop more
or less with the use of rev crop grain
are moderately more prevalent than
year ago, but are not such as to APP
pear serious. The manifestly good sup
My Of young animals In the country
makes 1t probable that the spring
market may be in excess OF the CORE
sponding time last year.
The eastern hog crop will be mar
keted early this year" said Buffalo
man. at was a good year with us for
growing pigs. but the drought resulted
In light crop Of grain, and western
corn is too expensive to convert Into
rork at the present prices of hogs.
Sheep.
Today's small supply sold at un-
changed prices. Lambs have been
active and firm this week at 3.25@5.7o,
with western feeders selling at 4.40@
$50. A few fancy sold at 800, but this
rrice was not maintained. Western
sheep have been alternately higher and
lower. but late sales were at 1.75@
s.75, yearlings at 4.00@4.60 for best,
feeders. 3.25D3.35, native ewes brought
and yearlings s.eoQ4.5e
Receipts.
The weeks recelpts-Cattle 73,4Oo,
hogs 100000 and sheep 10000.
Last week-Cattle 1900, hogs 1884,
100 and sheep 100000.
Big native ewes have taken one If
the swiftest drops of the season the
last two days. a good share of the ma
i've ewes sening here today 30@40 cents
below prices that could have been made
for such the first half of this week.