Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-05-14
Totals

Totals ................. 2 STA $50
CATTLE-This has been a great week
for cattle, the receipts being the largest
of any week since the third week in March.
To put 1t another way, the receipts of cat
tie this week have been surpassed only
from the tables at head OF this report,
the receipts are very nearly 80 per cent
heavier than for the corresponding week
of last year. In spite of the large runs the
supply of cattle has been none too large 10
meet the requirements of the consuming
demand, so that the market as rule has
been in very fair condition all the week.
The great big bulk of all the cattle re-
| ceived at this point this week has been
made up OF cornfed steers of fair to choice
quality. In fact, there has been no week
this year when so many right good cattle
have put in an appearance. As matter
of course, this is due largely to the fact
that the season is now we'll advanced and
that the cattle are becoming better all the
time. Most any other year than this such
large receipts of good cattle would result
| in a heavy slump in prices, but conditions
governing the market at the present time
appear to be rather peculiar. Owing to
| some cause or other, presumably to the
general good times prevailing all over the
country, there is an unprecedented demand
| for meat products OF all kinds. Hence 1t
| is that packers have a place TO put all the
| beef that they have been able to secure,
and so long as the cattle have not come
| faster than they could kill them out, there
| has been no tendency toward an accumula-
| ton of supplies, and hence no weakness In
market prices. The week started out with
/
| pretty nearly wiped out on Tuesday since
| which time values have been steadily
! crawling upward the market being quoted
| steady or strong most every day. While
! at the close of the week II is impossible
/ to quote any great advance as compared
with the close OF last week, still the sales
are on an average l0G15c higher but a
| considerable part of this is due unques-
tionably to the improved quality of the
| cattle.
| Cows and helfers have been in very good
| demand all the week and what has been
| said regarding the market on beef steers
would apply TO trading in this line as well
! Prices have been well maintained and any
| change that may have taken place has
been on the side OF increased strength
During the first half of the week quite
| a sprinkling OF stockers and feeders was
included In the receipts and specuiators
| and yard traders were free buyers. The
| country demand, however proved to be
rather disappointing, and those who had
loaded up with cattle found il slow work
! eased of somewhat. the week closing 100
l5c lower than at the opening.
HOGS-The market opened In very fail
| shape this morning with sales largely al
S6S6a632h, which was shade higher thar
yesterday. About two-thirds OF the hogs
sold on this basis but some OF the packers
| who have been acting on the bear side
| were holding OF, not trying to MI orders
and when the more urgent orders were
flled these buyers lowered their bids and
declared that they Would buy the rest OF
the hogs at 1925 or let them go until Mon
! DAY. AS sellers naturally ulu nov ike Il
| be squeezed to that extent, the market wa;
very slow and dull until the close.
[ IL will be noted from the sales following
| that good many of the hogs sold at S. 30
| which was the popular price yesterday bu
there was a larger proportion Of the early
I sales above that price than yesterday, while
the late sales were largely below that hg
I ure.
The tendency of the hog market this
week has been upward, the market beinI
either steady or a little stronger on al
average each day. This upward movement
however, has not taken place without Sc
we're opposition on the part OF some of tn,
big packers. who are still entertaining
bearish ideas and who have not lost ar
/ opportunity 10 hold values down. AT tn,
close of the week the market is 15c higher
than one week ago and only 20c lower thar
the high point Of the year.