Evening star., 1933-03-19
LIVE STOCK PRICES
+ AT HIGHER LEVELS
Steers Prove Feature of Mar
ket-Lard and Hog Quo
tations Firm.
BY FRANK 1. WELLER,
Associated Press Farm Editor.

A narrow dressed trade manifestly
discounts bullishness in the live stock
markets. but much of the lag in ship
per demand during the week under re-
view was attributed to the banking
situations not being Strengthened out
satisfactorily in many places.
Credit conditions are believed to have
restricted seriously beef outlet, and with
larger runs OF cattle in prospect some
t. the trade say considerable downward
readjustment msy strike the lower
grade steers ana yearlings which now
are regarded as out of line if not &C
tually top-heavy. The fresh pork mar
ket sagged greatly at Eastern centers,
and shipping demand for hogs was the
smallest on recent record Dressed
markets cI.lad for considerable buying
caution, and no flneTey trade deyel-
oped on sheep and lambs.
Supplies Smaller.
Supply abridgement born Of the bull
iShness which has taken hold Of the
country was believed largely responsible
for currently higher live stock prices.
Although weighty steers continued to
run rather freely, light cattle grading
strictly good and better are becoming
ecarcer Only few loads of toppy light
And long yearlings showed up. 1t was
said that most finishers with cattle evi-
IDENTIFY expect higher prices in sympathy
with a prospective upturn in all COM
modify values.
Sheep and lamb receipts for the first
four days of the week at the II princi-
pal markets showed a decrease of So
900 head, compared with week ago,
and hog receipts declined 10000 head
for the week and $4,000 compared with
the same period year ago.
While the supply of cheap light
steers, yearling heifers and butcher
heifers is believed by the trade to rep
resent a temporary scarcity, few were
bold enough to predict any sharp in
Eease in the supply of choice light and
fong yearlings ii the immediate future
Most trade interests believe that the
supply of Weighty steers still back in
the country is liberal even if several
large feed lots have exhausted them
selves within the last few weeks. Scout
reports indicate that weighty steers are
awaiting outlet over feeding area ex-
tending to the Rocky Mountains on the
west and from South Dakota to Texas
On the south.
, Hog market observers say decreased
receipts suggest that supplies in the
country have dwindled to the extent
that there will be light runs from now
until the middle of May. that the hogs
left are in strong hands and that the
market is due for continuance of a
strong undertone. The lamb supply is
confined almost entirely to Colorado
fed lambs, including a sprinkling from
Montana, Nebraska and corn belt States
Only an insignificant supply of natives
has been arriving.
Light Steers Lead Advance.
All grades and classes of killing cat
tie continued to sell actively and un-
evenly higher during the week, but the
advance was led by so-called cheap
light steers and heifers, some of which
gained as much as IS cents, with the
general upturn fully SO cents The top
on long yearlings advanced to $3.50 at
Chicago. Weighty steers brought an
extreme top of Sc and medium weights
sold up to $6.75. Weighty buIlocks ar
rived chiefly from Nebraska, lows
South Dakota and Illinois, with Indiana
contributing several loads that were
long fed, well bred and sold for SIS tc
S5.15. 1t still takes a long fed, qualified
load of heavy steers to bring S. pei
hundredweight.
Hog prices took only one slight set.
BACK IN series of advances starting a
week ago. and closing values were most
ly IS to 40 cents higher. The closing
top was s4.15. Lambs of all weights
carrying finish showed 10 to Is cent
gains in instances. Quotations are
nearing the Sc mark.