Evening star., 1932-05-08
LIVE STOCK PRICES
DROP DURING WEEK
Lambs Prove Only Exception
to Decline in Chief
Markets.
" FRANK /. WELLER.

With the exception of lambs, the live
stock market has experienced another
week of reverses.
1t was the first time in many years
that the top on steers failed to reach
So, The previous low for the season
was $815 paid during the week ending
April 9 Lat years low point was So,
recorded the last week in Nav. Two
prime loads brought s7.90 on Monday,
but by the week end that price was
beaten down to SIPS.
The average cost Of steers for the
week prom ised to be S6.25, which would
be new all-season low.
Receipts Large.
All those figures are Chicago basis
but fairly we'll represent the trend of
prices at the IL principal n arketS. Fed
steers and long yearlings we're subjected
to the pressure of too generous receipts
and a sluggish and depressed dressed
beef market. Not only was the supply
excessive, but it was made up largely
OF one class of beefmakers-well COW
cred, good quality; medium to good
grade offerings with Cnlv a sprinkling
Of really choice or common kind
The market on fed steers and long
yearlings figured around 25 cents unCcr
a week ago Some of the better grades
showed losses of more than 25 cents.
placing the market on the lowest level
in more than 81 years, considering
quality and other factors
Little cattle chartered an up-and
down course at Chicago the better
grades showing a 25-cent advance the
first two days of the week when receipts
were small and demand broad on small
packer account. However, one of the
heaviest runs of light mixed and heifer
yearlings of the season arrived on Wed
neSday and the market closed about Is
cents under week earlier.
Chicago hog receipts were light early
In the week and mild strength followed.
but an expanded supply more than
erased the gains. and the market closed
5 to 10 cents lower than a week ago
for a new low of the season. The de-
mand was narrow and reflected a very
slow fresh pork trade at Midwestern
and Eastern centers. The pork pro-
visions trade was slow but declines
were small although cash lard hit
new low for the season.
The weeks top on hogs at Chicago
was $500, but that was forced down
to $3.50 on Thursday. the lowest top
of the present century except for last
saturday when no choice lightWeightS
were yarded.
Lamb Prices.
Wooled lamb recrossed the 81 mark
at Chicago for the first turn since
April 20 and springers also sold well
considering that somewhat of a spe-
ciality demand usually exists Just be-
fore Greek Easter period. After ad-
vancing 25 to so cents the position of
old crop lambs was jeopardiZed to
certain extent by big receipts of Colo
rado fed lambs at outside points. The
situation as a whole. however, remained
more encouraging than during several
preceding weeks.
Killers faced a dwindling run. the
decrease at the IL leading markets
amounting to approximately $4,000
head. At the same time a satisfactory
rate of consumption was maintained
in the East which partly accounted for
the fact that shippers set the buying
pace on several occasions.
The bulge carried strictly choice
Colorado woolskins upwards to S725,
the bulk in desirable condition making
R6.25 to 81 at the close.