Evening star., 1932-08-28
LIVE STOCK PRICES
RESUME UPSW|NG
Weighty BuIIocks Cross $40
for First Time During
Season.
BY FRANK I. WELLER.
Associated Press Farm Editor.

Strictly good and better weighty bull
! ockS crossed the $40 line at Chicago
this week for the first time during the
, season as cattle continued the seasonal
upturn which should continue into the
! middle of october.
The new top was paid for Montana
bred and Illinois-fed 1,323-pound offer
ings which went to the feed lots last
Fall at $685. per 100 pounds and rated
among the best Montana stockers to
leave the Chicago market in 1881.
The late rally which uncovered the
new top and at the same time boosted
near-choice offerings was largely a
shipper affair representing urgent
Kosher orders coming from Eastern
seaboard markets. 1t not only affected
weighty bullocks but also medium
weights and to some extent the pick of
the light steer and long yearling crop.
These latter offerings had been sharply
depressed early In the week but after
the week end flourish were back about
as high as any time this season except
for medium to good grade 850-1 ,000-
pound kinos which were still IS cents
lower.
|. See Scarcity of Supplies.
Since the previous high top OF SO 80
also was paid this week and numerous
loads sold for $965 to $685. under the
active bidding of all interests, observers
connected the continued demand with
the scarcity of supplies. However, 1t
still takes very well finished load Of
1,000-pound steers to beat $500 Simi-
lar kinds sold early in the week as low
as $3.50 in instances. this tending to
show the extent of the week end rally.
The fact that many light steers and
yearlingS closed the session only IS
cents lower than last week after selling
off as much as rs cents on Monday and
Tuesday was taken as a testimonial of
the active outlet for light as well as
weighty cattle.
Feeding margins remain sizable., q
case in point being a sale of 1855
pound bullocks at $3.50 which cost $3.50
as feeders last Fall.
Western grass steers were scarce and
comparatively few Southwestern grassers
showed up at Chicago. There were a
few loads of Kansas and Oklahoma
origin, which sold all the way from
$3.50 to Sc. Better quality Kansas
grassers sold up to 81. but the crop from
the Southwest as we'll as from the
Northwest was very meager, which ex-
plains why most of the supply was COM
prised Of fed steers of value to sell at
S7.25 upward.
Beef cows also were below trade re-
quirements. something unusual in this
class, which had dragged for weeks.
Only moderate activity was registered
by the stocker and feeder branch of the
trade and prices closed weak to Is cents
lower. In the main 1t wa5 400a5. so
market on Stockers, with most Western
bred feeders going at 5.50a625. Strictly
good to choice Wyoming stockers sold
up to $50 and several loads of Montana
feeders brought 600a6.35.
The stronger trend after Tuesday put
hog prices 10 cents higher at Chicago
and packing sows advanced IS to 25
cents. Curtailed receipts and a stronger
fresh pork trade were instrumental in
forcing the late upturn. Aggregate re-
ceipts at the II principal markets were
smaller than a week ago and a year
ago. Packing sows were in slightly
smaller supply but the offering was still
estimated ct 80 to 35 per cent Of the
total run at Chicago.
Pork Prices.
Fresh pork prices advanced slightly
at midweek but upturns were not sharp.
The pork provisions trade, however.
failed to rally and cash lard prices were
lower than a week ago.
The top price on hogs held between
$3.50 and s4.90.
Under the largest four-day supply
since last January, lamb and westerns
finished 25 cents and in instances so
cents lower than a week ago. The
scramble among all interests for toppy
native lambs did not cease until the
supply Of other classes became unwieldy
and packers could obtain something
with almost as much finish for much
less money. 1t was at all times some
what of false market on a compare
tive handful of highly finished natives.
illustrated by the fact that they again
reached $6.75 while westerns stopped
at $5.85.
1918 cents upturn On feeding lambs
was traced to broad country demand
and improvement in the selection.