Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-10-02
Market Today Was Steady to
Strong, With Shipping De-
mand Quite Active
HOG MARKET CLOSES STEADY
Opening Was Ten Lower, With Slow
Puroh asins by Packers and Tame
Shipping Demand = Supply Sue
coded Demands Of Trade = Sheep
Strong to Ten Higher, Lambs Sell
Readily.
y
Readily.

Chicago. Oct Cattle were steady
to strong and the average quallty OF
poor to, good natives were in good
demand. and sold at a slight advance.
Shipping demand was quite active
Trade conditions are more agreeable
all around, beef channels being less
crowded and consumptive demand
frecr Truly the outlook is rather faV"
orable but the trade could very easily
hit a down grade course in the event
of another rush to liquidate. Feeders
who wall continue to hold onto the
half-fat kinds and fatten them are the
ones who will win out. according TO the
views of most traders. Competition
from western range cattle is still rath-
or keen against the half-fat natives
but the smaller supplies of such kinds
in the past ten days has afforded d
freer movement which should contin-
tie in force.
Hogs closed steady, opening ABOUT
10 lower than yesterdays best prices.
Fresh receipts and holdovers made a
supply which exceeded the demands OF
trade. Packers We're slow purchasers
and shipping demand was tame.
The zine of the year has arrived
when packers are taking more interest
in the strong weight hogs. Ever since
last spring the light weights have en-
joyed good lead over the heavy
weights. partly because they were more
popular but chiefly because they We're
relatively scarce. High prices seemed
to encourage farmers to put on weight,
and they figured 1t was good invest.
ment even with corn at high figure.
1t proved to be so, for at no time dur
ing the summer did the prices OF the
best hogs fall below Sc. For several
weeks the demand for heavy and me-
dunn weights has greatly improved.
Packers have reached a point where
thew need more of the fat-backs, and
competition in the face OF moderate
receipts has made them bid up pretty
strong The s. mark was reached on
the last day of September and bulllsf
sentiment is Very strong just now,
Many traders are of the opinion that
the supply of hogs in the country Isl
light and that there will not be any
more hogs available for the remainder
of the year than the market will re-
quire. The fact that the market
jumped to the 81 spot so soon was
surprise to many, but now that 1T Is
there sellers hope to hold 1t. Prices
are the highest since last March. Dur
ing the first nine months of this year
5 $4,000 hogs were received, which Is
about 10000 less than came during the
period last year. 1t is doubtfuh
If the deficiency will be made up be-
fore the, year is out.
Sheep.
Sheep were strong to 10 higher.
Lambs We're in especial request and
sold more readily than sheep.
September effected some change in
Perhaps the outstanding,
feature was liberal run of Montana
and Idaho sheep that broke prices
half-a dollar and gave feeders chance
to put some thin stuff in their feed
lots at 25@4O cents less than top
prices. Lambs had some dips but heic
better than sheep the market at the
close of the month being about where
it started Native lambs were MOI
marketed in profusion and bulk OF
native arrivals lacked fat owing to j.
wet season Breeder trade maintained
the same strenuous gait all thru the
registering the highest prices
of the season.