Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-06-15
Better Steers Steady to Strong;
Lower Grades Is to 25
Lower
HOG MARKET ABOUT STEADY
The Supply Today Was About Equal
to Needs of Trade, and Local Buyers
We're All Fairly Active = Sheep and
Lambs Close Lower Than Week Ago
Other Markets.

Chicago, June 15.-cattle were NOM
inally steady, there being no fresh re-
ceipts except a few ordered loads. The
market closes weak, steady to strong,
on the better class Of steers, and 1925
lower on lower grades. Receipts Tor
the week were much more liberal than
the previous week.
Receipts were exceptionally heavy
this week and the behavior OF the
market was peculiar. The tota! sup
ply foots up close to $1,000 head against
Ga, 600 last week, and $4,000 a year ago.
This excess was largely in common ana
medium cattle, and consequently there
was a bad break in that department.
Since packers have been ostracized
from the COW market, they have been
good buyers of the light cattle and up
to this week steers OF that class have
sold relatively high. The advance,
however. was more than the country
could stand, and so deluge of short
fed cattle came this week and compe-
ton was not strong enough to hold the
prices up.
When the cattle showed enough
quality to meet with approval from ex-
porters, prices were steady and even
strong for the best kinds. Shippers
were good; active buyers all week. al
tho they did not buy as many as last
week All of the good to choice steers
sold readily all week. and prices for
the high-class cattle Of suitable finish
are 1Om15 cents higher than week
ago Above the Sc mark, the market
was very active and strong and all the
good steers found quick outlet.
Hogs.
Light receipts held the hog market
steady. the supply being about equal TO
the needs of the trade. While there
was not much demand from shippers,
local buyers We're all fairly active.
Liberal receipts Of hogs have been
responsible for decided break in the
market during the past week, and wall
ues have dropped TO the lowest point
since January, 1906. Such heavy Of
ferings were a surprise to the trade,
and it has given packers a chance to
put away considerable pork at lower
rates than they expected to get. 1t is
evident that there are more hogs avail
able than generally supposed, showing
that the country has been holding back
and feeding the market conservatively.
Now that good hogs are down to $6
basis. and many packers are selling
considerably under that figure, it is
highly probable that the demand will
be pretty strong, and for that reason
most traders are of the opinion that
prices will not go much lower unless
receipts continue to increase. Since
the first Of May hogs have been pour
ing into all the markets very freely.
and the western packing since March 1
shows up an increase of about 725,O00
hogs, compared with a year ago. AS
the average weight was about 10 lbs
greater this means some pork.
Sheep.
Sheep were steady. and there but
little fresh stuff on the market Sheep
closed dollar lower and lambs 1.5O@2
lower than week ago.
Under moderate supplies the outlook
for sheep next week is rather bright,
tho traders do not hold out much hope
for betterment in the price range. The
warmer weather, however. will cause
buyers to center their efforts in making
wider spread between the handy
weight and big weight offerings, the
lighter cuts of mutton meeting best
call now.