Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-07-02
GRASSY BUTCHER STUFF AGAIN
WEAK HOWEVER, AND CHOICE
LOTS WERE FEW.
HOGS NOT ACTIVE, BUT
MARKET AVERAGED STEADY
Packers Took Medium Grades Rather
Than Permit Tops to Advance
Light Mixed Stuff, Of Which There
Was Liberal Percentage, Sells Fairly
WeI-sheep Market Stronger.

NiilcdSo, July l.-Sdltle were Sieduy
on steers, but grassy butcher stuff was
again weak. Only a few choice lots of
steers were on the market and nothing
strictly prime. Grassy steers are easing
off toward the close of the week. tho
better grades of handy weight animals
are yearlings, and are stronger.
Supply has proven fully large enough
for the demands of trade. as evidenced
by the weaker trend of prices Wednes-
day, after the firm opening on Mon
day. Earring the good to choice handy
weight and pearling steers. dmand for
which is quite broad, the consumnt;~a
outlet is not broadening as much as the
trade would like to see it. Only on Mon
day was there a very reliable outlet for
heavy steers this week. and While M
prices held steady that day. some sales
in fact being little firmer, the price
break of 10M15 cents Wednesday
brought values to a basis largely 10
cents lower than week ago. This de-
cline was yesterday duotable for bulk
of the plain and medium grassy light
weight steers. and also medium to good
heavy kinds. even the choice heavy. in
fact showing a range weak to 10 cents
under last weeks closing. The handy
weight fat grades. on the other hand,
hold a steady price level with Monday
and Week ago. while there have been
instances of higher prices for a good
many of the better grade yearling
steers
Buyers still complain of the poor out
let for heavy cuts of beef. due to the
hot weather Light cuts are always in
10
hot spells. and for this rea son the kill
ers have been showing tidy light and
handy weight steers keenest favor for
several weeks
The trade is looking forward to next
Monday, july 5, with considerable I'M
certainty regarding receipts and price
trend. -Altho the day is officially a
holiday, the yards will be open for the
regular course of business, but it is
likely that the packing plants will close
their killing departments. For this rea-
son it will be advisable for country
shippers to market steers lightly With
the slaughtering operations closed
down there can not be very urgent de-
mand for cattle and any above moder-
ate receipts will likely meet the price
cuts which so often rule on holidays.
The trade is hoping for less than 5000
cattle or aext Monday. feeling that
should the supply run above that figure
some greedy buying spirit will be
shown and consequent big price drop
materalize
Hogs.
Hogs averaged steady. Trade was
not very active, and it was noticeable
ef ftnaih than permit tops to advance. A
liberal percentage of light mixed stuff
was on the market. and this sold fairly
well, between a range of 760G77O.
The situation in hog products is a
strong one. While the cash demand is
not so active as has been the case for
several weeks, stocks of manufactured
products showed bulish totals at the
end of the month. Besides this, there
are likely TO be small deliveries on July
contracts. Packers are friendly to the
provision market because they are the
principal holders, If for no other rea-
SON
Packers got possession of very few
hogs at Chicago during June. Receipts
We're 10000 less than last June, while
shippers decreased their purchases but
1900 head Approximately local kill
ers bought 100000 fewer hogs during
the month than in June, 1908. 1t was
on account of an urgent eastern de-
mand that an cent trade was posi-
BILE and the minute it waned packers
took advantage of the fact. The coun-
try has made a strenuous effort to
prop the market this week by curtail-
ing supply. but hot weather and high
prices have choked off eastern demand
and the market shows a decided dis
position to slump AS a matter of fact
Inc spread between grassers and corn
fed hogs ought 70 be wider.
Sheep.