East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-11-02
CATTLE SUPPLY
EXCEEDS DEMAND
TOO MANY ARRIVALS
SLUMP THE MARKET
Yards are Full With None Buying
Shippers Advised 10 Hold Back Ten
Days-Sheep Very Scarce I'm Market
Good Stuff in Hogs Not Plenti-
full.

Union Stockyards, Stockdale. Nov
Too many cattle have been com
ing forward into Stockdale recently
for the good of the market and the
law Of supply and demand has giver
the shippers twist they will not for.
get for many day.
Cattle are extremely plentiful in the
Union stockyards at this time-somC
rs or 80 cars being held over for lack
Of buyers. This mass of stuff is be-
ing constantly added to and unless
shippers take heed and look after their
own interests better, it looks as II
extreme low levels will be the outcome
before they realize what has hap
| pened.
The very best steers that could pos
sibly be offered in the open market
at this time would scarcely bring
more than $4.25. and it doubtful in
many quarters If this value could be
reached for the bulk Of the stuff that
is ordinarily considered top"
Yards Are Full With None Buying
In truth the Stockdale yards are full
Of cattle and buyers are not disposed
10 enter in the trade because they be-
lieve they can buy for less. With such
a mass OF stuff carried over and more
coming forward on every train the
outlook for prices Is not Of the most
favorable hue. The weakness applies
alike to all lines of cattle. With best
steers quoted at 81 and $4.25. cows
are ranging between SO and 1926,
with little disposition to take hold at
either of these top prices.
"Hold Off" Says Dad Hunt.
A. F. (Dad) Hunt is emphatic in his
advice to shippers that they hold
their stuff off the market when it is
not wanted. "If shippers will hold
back for 10 days or two weeks and al
low the market TO adjust itself they
will receive much better returns. At
this time every small packer, every
large packer and in fact everyone is
suN Of cattle and therefore is not IN
a position to buy. With 25 or 30 cars
in the yards today with practically no
buying I insist that shippers are do
ing themselves as we'll as the general
market injury when they persist in
overlooking an already overloaded
market"
Today's run of cattle was S52 head
compared with 21s Saturday, 294
Friday, III Thursday. 49s Wednesday
and 447 Tuesday. A week ago today
744 head of cattle arrived in the
yards.
There is practically no change in
the calf situation, receipts continuing
small with demand equaling supply at
former values.
sheep Scarcity is Continued.
No sheep or lambs arrived in the
stockdale yards over Sunday and be-
cause of the exceedingly small supply
during the previous week,
there is almost a famine of sheep here
today. Despite the small run. how
ever, there has been no great demand |
and prices are practically unmoved
Best weathers are quoted around |
$425 and straight ewes at $3.50 and |
81. Lambs, S. and $3.50, and mixed |
lots. 81.
Supply of hogs during the As hours |
was quite fair and gilt edge stuff that |
200 pounds or over sold up |
to IS. Good stuff, however. is scarce
and the bulk of recent sales have been |
around 81 and $3.50
The following is the general range |
Of livestock values in the yards:
Cattle-Best steers, weighing 1900
S4OO@4.25; medium steers,
sS.756AO0; best cows, S3,00@325;
medium cows, s2.75@SOO best heif-
ars. $500; bulls, S2.OO@2.25; stays,
Hogs-Best east of mountains, IS;
valley best, s7.50@775;
,tockers, s4.OO@6.OO; pigs, $1,000
100
Sheep-Best wethers, s4.25; ordi-
lary, $500; spring lambs, 5000
,.25: straight ewes, $S.5O@4,OO; mix
d lots, $500.
Calves-Best, $5.OO@525; ordinary
iS,50@4.50.