Evening star., 1932-06-19
LIVE STOCK PRICES
CONTINUE UPSW|NG
Cattle and Hogs Quoted
Higher, With Sheep Values
Holding Steady.
BY FRANK I. WELLER,


Initiated at Chicago last week, sub
stantial upturn in hog prices has swept
values IS to so cents higher and
brought the top back in lire with late
April
Moderate supplies and increased
shipper outlet made Tor an active
trade. Chicago paid 40 to so cents
more for hogs than a week ago and 30
to 40 cents more for packing sOws. The
ton advanced to 81. The advance was
only Is to 25 cents on both classes at
Kansas City, where the top rested ct
s3.25 but a constant advance all week
carried values up IS to 35 cents at
East ST. Louis.
The top there was around $3.70 and
the bulk went at $685. to $3.65. Omaha
advanced Is to 35 cents under light re-
ceipts for a top of $3.50 on 100 pounds
After long weeks of recessions some
saw in the about face indication that
the seasonal upturn in hog as well as
cattle prices may be under way. The
former have been under the pressure
of 5000, 900 head more on farms as Of
January | than a year ago. The aver
age hog on that cate brought only
s6.l4 compared with Sll.36 last year.
Advance Sustained.
Cattle continued their stampede to-
ward higher ground, fed steers and
vearlircs gaining 25 to SO cents at Chi
cago where the top had moved up to
s765. In-between grades showed the
most advance in a trade made active
bv liberal Eastern buying OF good to
choice steers which. setting the price
pace. pulled the lower grades up with
them. The bulk turned at $5.75 to
S7.4O.
Most classes of beef steers and yearl-
ings met a dependable outlet at Kansas
City, where closing levels were strong
to 25 cents higher and inbetween grades
shared the full advance. Lightweight
yearlings and fed heifers sold readily
Is to 40 cents higher. Vealers were
steady to so over week ago.
Light receipts promoted uneven prices
at East St Louis. While best steers
were steady to strong common and
medium varieties we're Is to Is cents
lower. Best mixed yearlings and
heifers were strong to Is cents up and
vealers advanced rs cents.
There was slightly improved action
to the market at Omaha. the demand
for fed steers and yearlings showing
health as prices ruled strong to 25 cents
higher.
Sheep. which added 1000 900 head
last year to an increase in numbers an
nually for the last 10 years are not
favored by any seasonal advantage.
Prices were mostly steady at Chicago
with spots higher The bulk of good
to choice native ews and wetherS went
for Sc to $3.50 in a market that topped
at 81.
Lamb Prices.
Fat lambs were steaoy at Kansas City.
Choice natives got up to $685. early but
S575 to Sc 10 took the bulk later. Early
advances at East St. Louis slumped and
prices finished 25 cents below last week.
Omahas 25-cent upturn was partly
erased
Chicago wholesale values improved
under the lightest volume of beef, veal,
upper grade lamb and pork loins in
weeks Steer meat rose so cents to 81
veal. 81; medium to choice lamb. so
cents to 81, and pork loins, so cents
to sl50.
Steady to higher prices were quoted
on most classes at New York. Steer
and better grade lamb was up so cents
to 81; COW meat, so cents; veal was
steady to 81 higher and mutton firm
to so cents better than last week.