Evening star., 1932-01-11
LIVE STOCK PRICES
REPORTED F|RMER
General Average Is Now ST
to So Above Lows of
December.
BY FRANK I. WELLER,
Associated Press Farm Editor.

The cattle market seems to be In .
much better position basically than for
some time and sheep and lambs have
| turned up the best prices since October.
! Not all classes of beef stock can claim
| improvement, but in general way VAL
ues are 81 to 50 above the low In De-
cember on comparable Chicago prices.
| Lightweights have been carrying most
OF the advance, the better grades gain
! ing IS to so cents at Chicago for the
week and ranging from steady to Is cents
| higher at Kansas City and East st.
Louis. Shippers wanted toppy offerings
regardless of weight, and because such
/ kinds were very scarce, had to substi-
tute to get enongh to I'LL Eastern orders.
Demand Increased.
Chicago shippers paid sll40 right OF
the reel for long yearlings, the wide de-
| mand making for pretty good market
on all grades scaling 1000 pounds down.
ward. On the average, the upper crust
of the light steer and long yearling sup
ply has been yielding better beef than
| the heavies, turning more readily into
| consumptive channels and bringing
sharp premium over weighty stock.
! The supply Of strictly good and choice
, cattle is far below trade requirements,
and some say that so long as this con-
dition continues there probably will be
enough substitution to maintain cur
rent price levels on cattle now selling
at $3.50 upward, Chicago basis.
Common and medium offerings with
weight, the kind of cattle that usually
predominant January and February mar
kets show about the only losses. The
| sponse to purely temporary influences,
| usually sagging because Of excessive
numbers. Although still 81 higher than
| the low time in December, these cattle
! lost 25 to so cents for the week at CHI
cago, while the decline was moderate to
| 25 cents at Kansas City and Omaha.
| The trade has warned finishers that too
many short-fed weighty cattle are being
unloaded and that the kinds with quail
| ity should be fed longer.
Traced partly to improved dressed
prices and to anticipated supply cur
| tailment because of snowstorms In the
West, the improvement in sheep and
| lambs carried values to the highest
point since mid October Lambs gained
| Is cents at Chicago for q top Of $500.
Fat wool lamb prices advanced so to IS
cents at Kansas City, choice offerings
selling around $6.35. Under moderate
| receipts, Omaha advanced so cents,
while East st. Louis chalked up Is to
! oo centS advance Tor top OF $o.oO.
Hog Prices on.
| According to reports, Colorado lambs
soon will be moving freely but the
| trade Is rather skepticaI as to whether
| or not these lambs will measure up to
the high standard of quality set by
corn belt fed Westerns recently arriv-
| ing. The volume of thin lambs sent to
| the country for fattening continues to
grow smaller.
Hog prices again are disappointing.
Declines varied to 25 cents around the
market circuit. Downturns we're forced
by packers. who took advantage Of an
uneven outlet. Heavy hogs suffered the
sharpest drop until the price spread in
| favor of the lighter kinds attracted ship
pers to heavyweights and partially
closed the gap.
The state of the hog market easily
may be seen in the refusal of the Chi
cago market to pay much more than
Az cents pound for the best stock
offered.