Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-08-09
CATTLE WERE uneven
SLIGHTLY BETTER PRICES FOR
GOOD QUALITY, BUT OTHERS
WEAK TO LOWER.
HEAVY SLUMP IN
HOG MARKET PRICES
Heavy Receipts Cause Bad Break,
Values Declining Fifteen to Twenty
Packers Indifferent, and Shippers
Very Bearish-Better Lambs Bring
Steady to Strong Prices; Bulk Weak

Very Searish-Better Lambs Bring
Steady to Strong Prices; Bulk Weak.
Chicago, Aug. 9-Cattle of good
quality We're in fair demand. and sold
at slightly better prices. Those of in
different quality were weak to 10 cents
lower. This condition applied to both
steers and butcher stuff. The per-
centage Of good sorts was small.
Good to choice steers are gradually
getting scarcer and during the week
just past buyers were not able to get
any more of the good steers than they
needed. They are not discriminating
against weight as much as usual and
are glad to get any kind of cattle tha-
has the quality. AS the season advances
grassers are naturally more in evidence
and so the spread in values is getting
wider. The good steers are about 10
! OILS cents higher than a week ago
with the demand very satisfactory.
There is no doubt but that buyers had
confidently expected to get more range
steers last week. being disappointed on
that score took more kindly to the COM
mon natives. The advance in that end
of the market has been about 25 cents
which is gratifying as long as it lasts.
but the majority of traders are of the
opinion that buyers will take it all off
as soon as the western cattle show up
in considerable numbers. A good
many are expected during the present
week. tho not enough to cause any SER
ious break in natives.
Good quality feeding cattle are as
scarce among marketings at all points
at this time as they were a few months
ago. Those who have well-bred young
steers evidently feel that they are
worth more at home with a record
corn crop in course of growth, than at
market. Feeder cattle buyers are con-
rronted with situation which possibly
many had not anticipated. Those who
did not stock their pastures with the
| relatively cheap steers available few
months ago. and who now come to
market looking for good quality kinds.
find that such grades can only be
bought by competing with killers and
| paying killers prices. A short time
ago both corn and feeding cattle were
considered too high in price. A Few
weeks hence the feeders may not stop
I to consider corn values but may face
a much higher cost of feeding steers.
Hogs
Hogs broke badly, on heavy receipts
prices going off Is to 20 cents. Packers
were Indifferent. and did not purchase
until late. Shippers were very bear.
ish and the top for lights reached $40,
but was outside the figure, So being the
real top.
Not many hogs are needed to go
around at present prices. Packers are
continually reminding the selling side
that cost is excessive and sometimes
they do it very effectively, as was the
case when they took of ilaif-a- dollar
in few hours. Both product and
hogs will have to be scarce to main
tain present high levels, as sentiment
lis anita gonistic both in manufacturing
and speculative circles. There has
been a marked change Of sentiment
toward all kinds of meat products re-
Gently and selling orders in the ,it
have been more in evidence. There is
a good prospect of a bumper corn crop
and that naturally means cheaper hogs
and more product. The recent near
panic demonstrated what packers will
do when they geet few more hogs &c
accomplish their purpose. They are
not disposed to put the product OF OK
pensve sows into their cellars and the
protest over prices has assumed stem
torian proportions. The hog market
is palpably hand-to-mouth affair ano
it would seem good policy to cash
stock in with all possible speed, pro-
vided they are decently fit. Finished
hogs. especially those in the 100 at 220.
pound classes, will probably be able II
, give good account of themselves un-
, til the new crop is ready, but trade II
packing mixed stuff is scheduled II
encounter a series of bumps and it i:
on the dips that most of the stuff i!
sold. The tendency of the spread t.
: widen is pronounced and but for tht
small proportion of good hogs 1t would
+ be materially wider
. Sheep.
= Buyers surprised sellers by taking
hold of lambs early, and paying stead,
TO strong prices for the better grades
; but the bulk of natives showed boo,
> quality, and generally ruled weak
Sheep were steady to a shade lower.
, Prospects are for an increase il
p western lamb supply from now on
a but the cream Of the southern crop Il
q about in and very few good lambs hav.
reached Ohio river points during tn
? last few days. There is a prospect o
e increase in the supply of feeding lamb
n which has been very scarce, but tina
:. there will be more than enough to g
: around is(very improbable, as deman
v is very urgent
o A year ago disastrous break oc
e CURED, declines being 4Oc@s1, OF whicl
native lambs got the most. Yearling
: were off half-a-d dollar, sheep 40 cents
: At the close 1925 bought the bes
d lambs and many of them had to SCI
s at s475@5.25. Feeder trade suffere
least. Wethers were quotable to $3.50
n yearlings, So; ewes, $780, and lamb.
: $40. 1t was a $4.S5@4.50 market 70
h feeding yearlings, $4.75@5.5o for lamb
s. and $4,000 for sheep.
9, Chicago Livestock.
e Chicago, Aug. .-Cattle-Estimate,
,e receipts for today. $4,000; steady.
ir Beeves .. observation-disclosures. 4.4o@75
g Texans ............... 480@5.6
ot Western ............... 4.00@s.0
Stockers and feeders ...... 3.00@5.1
n Cows and heifers ........ 2.30@e.3
II CaIx,ac a