The copper era and Morenci leader., 1922-09-15
LIVE STOCK MARKET
Los Angeles, Calf.

August 26, 1922.
 CAL1H HORNIA:-Th new union stockyards is building in the Vernon Los Angeles district, financed and backed by the same interests that own the Chicago stockyards, but will not be ready for business until November. Union stockyards are being opposed by many large Califor- mia cattle interests, but it is support ed by the Los Angeles Chamber of Commerce and other livestock inter- ests. There will be new rates an nounced to and through the Los An geles yards on feeders.
 Los Angeles Beef steers are bring ing from Sc to sc delivered. The 5c price applies to light small lot cat tie. The island cattle, heavy gras- sers, HOO ID. or better, were con tracted on a $7.45 per cwt. price F. o. B. Los Angeles. A heavy bunch of Kern County steers are rumored sold at 7c F. O. B. Range. Open or dinary steers are 6c F. O. B. range fat, and some sold for $6.50. Fat cows $1.OO to $1.50 under steer prices.
 California lambs have been selling on $9.50 basis F. o. B. range per cwt. Some sold at $500 and others
 
 hundred thousand cattle but the small lot beef price has delayed purchase. Hogs are running about $1O5O F. O. B. Los Angeles. There is a strong demand for good T. B. tested grade milk COWS, in prodCc- tion, on a $75 to $10O head price F. O. B. country. Feeder cattle are inactive, with a beef price in some instances deliv- red Los Angeles, less than feeders would cost with freight to range. Many people want cattle. but cannot afford S25 yearlings until beef is sure at Sc.
 One bunch of heavy fed steers is now held in Los Angeles feed yards at Sc. for Sept. delivery. Sc is ex- | pected for fed cattle in California this Fall as a minimum.
 NEW MEXICO:-Is hot and dry. | Cattle and sheep on many ranges are suffering. Feeder lambs have been contracted in New Mexico up to s11.5O per cwt. F. O. B. ranges for ! Fall delivery These lambs will probably average 50 ID. tho some will go 60 ID. Good ewes up to s1o per head Some eight millions oi war finance has been placed 1n New Mexico, the banks taking 2nd mortgages to help stockmen. New Mexico lamb crop is estimated by competent man at 25c of normal with 2O% eve loss. California crop is stated to be 1OT which means later cattle and sheep shortage
 ARIZONA:-N. Arizona Range is | in fine shape The rains are plentl full and general, and stock in fine shape. The No mt. district will have about 25@o of normal, large steers. No. mt. ranges have already drawn upon valley districts for 5OOo yearling steers bought from S20 to | S23 or on a 5 basis by weight. They l need more cattle but general hoid' 1 ing prices seem to be S25 Tor year ling steers, $35 for twos, S45 for 3s Vt. offers have been made for some lots Fall delivery at 5c F. O. 5. Arlz l Arizona calf crop is below normal some south steers offered on Szl basis. s32, for Beef steers, light SUI lb.. ordinary flesh are held So- Arlz 1 on basis that equivalents 6c there | shrunk. No. Ariz will not have many beef steers and bulk will go into owners abboitoirs and not be placed | on market.
 Arizona feeder lambs have been generally contracted for Fall deilV' erv at S1O.5O cws. F. O. B. No. Arlz: wool on Boston basis is now worth soc Arizona. Some fat lambs have been contracted F. O. B. Arizona for ST to S7.50 by the head. The s1O.5O per cwt. feeder lambs start Oct. 15 and are expected to aver 1 uo 60 lhS or more,