Evening star., 1932-10-30
LIVE STOCK PRICES
IN BETTER TREND
Cattle Quotations Show Ten.
dency Toward Higher Levels
During Week.
Net changes in the cattle market ap.

Net changes in the cattle market ap-
pear for the moment to be on the
strong side. Confusing unevenness Is
a feature Of the steer trade, but in a
general way values are so cents above
last weeks low time and steady to rs
cents better than the close.
This first indication OF bouyancy for
almost a month carried live prices out
of line with the dressed trade. 1t re-
fleets the $685. shippers paid for prime
weighty steers rather than the S5.75 to
1926 commanded by the bulk of fed
steers. So few loads sold above SO at
Chicago that the upper crust offerings
hardly can be regarded as criterion
of the market.
Conditions Near Standstill.
Shippers wanted the scarce prime
stuff, and values on the minor supply
were misleading 80 far as the general
trade was concerned. Acute scarcity
made for active demand for desirable
baby beef and values rose 25 to SO cents.
Beef COWS, which have been slower than
the other categories to change were
under pressure this week. Common
offerings and cutters sold of 10 to IS
cents. the first time in several weeks
that cutter cows uncovered a measur-
able downturn.
Beef conditions all over the country
were officially reported to be more or
less at standstill. Hang rails in most
killing plants had become congested
last week, and consumptive demand,
while improving some in the last few
days. was at no time husky enough to
relieve the glut. Relatively low prices
for other meats also tended to slow down
the dressed beef trade.
Country demand for replacement cat
tie continued fairly broad, but the sup
ply again was liberal, and prices con-
S5, the rank and file of medium to good
kinds was rs cents to ST lower than a
month ago.
During the period July to Septem-
Der l approximately $4,000 head of re-
placement cattle left the IL principal
markets for the 7 big feeding States.
That was a slight increase over the
same period last year. but during the
first two weeks in October there was a
1et-down. Some market specialists
have advised caution in the livelier in
terest low corn prices have given cattle
feeding lest beef supplies increase fast
er than consumptive demand They
predict these cattle when marketed may
not sell any higher than similar cattle
sold last Winter and last Spring.
Hog Prices.
Prices paid for hogs on Chicagos
closing market we're down nearly to the
Summer low. which in turn dates back
36 years for an equal. Including the
late downturn, prices are Is to 35 cents
lower than a week ago. With little or
no bearishness in receipts the slow
fresh pork trade assumed the blame for
the depressed hog market. The late
practical top was s3,40, equal to the
lowest peak of the year. The week IS
top was s37o paid on Monday, COM
pared with $500 last week.
Fat lambs managed to maintain a
fairly satisfactory price position at
Chicago in spite of considerable buy
ing pressure. The dressed trade gave
no encouragement and shortening-up
on the supply side probably had more
influence than any other single factor,
Government observers said. in keeping
the live market from slipping back to
the earlier seasonal low spot.
Compared with last Thursday better
grade lambs finished unevenly steady
to 25 cents higher There was said to
be an oyersupplX Of thin range lambs,
principally from Montana. although
total receipts showed a 5OOO0-h head re-
duction around the market circle and
tonnage was reduced by the influx of
light stock