The Detroit times., 1916-06-02
Local
Dry-Fed Cattle Selling at Top-Notch
Prices: Other Stock Finds DulLer Market

$3.50. and goab yearling stock bulls
s9.l0 TO $9.25>
The supply OF stock cattle 10 fss
below the demand and fully half OF
those that do find their way into
the market are taken by killers,
Veal calves are coming to market In
limited numbers and the quality OF
arrivals is far below the average
for this season OF the year. 1--we
calves OF the right weight and qual'
ity readily brought SIC per cwt
during the last half OF May and
many killers found II impossible to
secure the calves that they needed
TO supply their trade. The demand
for good sized mich cows was
hardly ever known TO be so active
and prices average SO higher than
on this date last year.
One OF the chief causes for pres.
ent high prices for cattle IL the
fact that practically no Texas cattle
are coming and not many northern
grass cattle are ready to kill yet.
Western grazing conditions are re-
ported TO be ideal, but II will be 80
to 40 days before grass cattle good
enough to kill will make their APP
pearance.
The season for changing quota
tons in the sheep department 10 at
hand. Already all grades OF mature
stock have been marked down and
yearling lambs will he next to ex.
perience a scaling down OF values.
Wool lambs are about all In, the
tiptop OF the season for this kind
being 1890. Shorn lambs of the
right weight have sold as high ~
$l1.30. but stock which carried
overweight had to be sold at $40
to $1,000 The wool situation con.
tinues strong In all OF the leading
markets. buyers being obliged Ia
pay growers asking prices or 70
without the wool.
The month OF June has always
been noted for a readjustment OF
live hog prices, but owing to the
abnormal conditions which have re.
suited from the European war, deal.
ers have been OF the opinion that
June. this year. world be an excep-
ton. They have argued that the
fact that packers had large con.
tracts TO I'LL would keep values on
high levels. regardless Of any in.
crease In current receipts which
might take place. The month opens
with much easier feeling than
that which has ruled the trade dur.
ing the past fortnight. and the bull
crowd is beginning to lose It's grip
upon the situation. Hogs are yield.
ing well. making II possible for the
packer to make a big profit, In spite
OF present high prices for live
stock.
Packers are sending large guam
titles OF cured meats to Belgium and
other points In Europe. America 10
exporting twice as much lard - on
this date last year.
In recent issue the Chicago
Breeders Gazette published the fol-
lowing concerning the export trade
In meats:
Exports OF beef and hog product
continue heavy. with the exception
OF canned stun. During the nine
months ending with March 1s2.1<s-
$50 pounds OF fresh and 31,187,7A0
pounds OF picked beef were expert
ed against 7S.393,s21 and 1850, 7s0
pounds. respectively, last year.
Canned beef exports were only g..
704,s52 pounds against 50,ss0,3l7
last year. OF bacon 41l.6S0.3S6
pounds were exported during the
eight-month period, against 377e
1904 last year. and Of hams 20S.-
s37,632 pounds. against 120.6sf.56e.
Lard exports for the eight months
were only 292.197,s06 pounds,
against 3s1,335,63I last year. but
since these figures were compiled
that commodity has been going
across the Atlantic In steadily in