Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-08
live STOCK PRICES
ON BETTER BASIS
Outlook Declared Good for
Fall Months, Due to
Scarcity of Supply.

BY the Associated Press
1t looks like a walk-away from now
on through the late Summer and Fall
months for heavy, well fed steers.
The trade based this prediction on
continued scarcity of highly finished
stock, a condition which mas been in
crsasingly apparent for the last three
weeks
Steers scaling 1900 pounds upward
sold at the top of the market at Chi
cago as the week closed, having sup
planted yearlings as market toppers.
Good and choice medium weight and
weighty steers showed an advance of
rs cents, while grade yearlings and light
steers worked 25 to so cents lower.
Advance at Omaha.
Omaha saw the same advance on
weighty stuff. Despite a l5,000-head
shorter supply at Kansas City the beef
steer and yearling trade took prices 25
to so cents lower than a week ago on
most classes. The Missouri market gave
strictly choice 9l2-pound yearling steers
q circuit top Of $1025, but most fed
natives cashed SITS to s925, with
graSs-fat kinds numerous at 81 to Sc.
In anticipating strong to higher pric-
es on weighty steers the bearish angles
Of the trade must be considered. The
beef market is very dull and this week
generally lower. Prices declined so
cents to 81 at New York and 81 to 81
at Chicago.
The Labor day holiday helped step
up the live cattle market late this week
Beginning soon and to continue through
September and October there will be
several Jewish holidays. which always
have more or less unsettling effect on
the market for heavy cattle.
Against the weakening factors can
be placed the expected scarcity reflect
ed by recent marketings. In all proba-
btlity not only well finished weighty
steers, but strictly granted offerings Of
all weights will remain at a decided
premium over in-between grades
Heavy fed steers have come back I'M
til they are almost as high as any time
this season, but there Is very wide
spread now between common and me-
dunn grade grassy and short-fed heav-
les and strictly granted offerings.
The general hog market has car
ried on without any drastic outward
change. although heavy hogs continue
to gain on the lighter weights. Chi
cago gave heavies a price steady to 10
cents higher this week, while lights
ing sows advanced Is to IS cents.
Extent Of Gain.
At Omaha, medium weights and
heavy butchers gained Is cents and un-
finished lights travelled down 10 to IS
cents. Hogs were unevenly steady to
IS cents higher at East st. Louis. me-
dunn weight butchers and packing sows
showing the advance. A l0-to-2O-cent
aiv, mas l.,
City.
Material reduction in the supply OF
heavy hogs was the main strengthenirg
factor. Light. unfinished hogs are run
ming very freely The supply Of pork
loins in New York increased IS per cent
last week. sending prices for the cur
rent marketing period down 50 TO 81
the bulk of the break registering in
light loins, which not so long ago were
selling better than heavies. Heavy loins
were so cents to 81 up at Chicago, but
lights eased off 81 to So.
Sheep and lamb receipts increased
10000 head around the circuit this
week and fat lambs broke so to rs
cents at Chicago. the Shower kinds rs
cents to 81 at Omaha, IS cents at East
st. Louis and 80 to so cents at Kansas
City. Compared to the drop in the
Chicago live price. dressed lamb in New
York declined 50 and was 81 to 90
lower at Chicago.
Sorting Is Heavy.
The quality of the live supply reflect
ed the lack of finishing feed. and pack
ers, to obtain fair prcportion Of up
per-grade lamb, had to go afield. directs
at Chicago for the first four DAYS of
the week numbering more than $4,000.
compared with $500 the previous week
Sorting on the open market was
heavy, in some instances almost so per
cent. Coolers are loaded with lower
grade carcasses, giving buyers Of live
offerings the upper hand.