Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-01-08
LIVE STOCK PRICES
SLIGHTLY HIGHER
Market Is Held Back, How
ever, by Receipts of Heavy
Shipments.
BY FRANK /. WELLER,
Associated Press Farm Editor.

Hogs and slaughter lambs have had
some slight advance in the last week.
but beef cattle continue to drag, weight
making for a wide price range.
The market still is burdened with
heavy steers. Not only were there too
many 1900 to 1900 pound averages. but
the crop scaling 1,400 pounes upward
was exec sive. Weight rather than
grade was the pricemaking factor and
downturns from the high time last week
amounted to IS to so cents. A raft of
longfeds comparable to kinds bringing
around SIS a week ago had to sell at
$3.50 per hundredweight.
Top for Bullocks.
Choice heavy bullocks made a top OF
Sc 25, while long yearlings reached a
peak of S7.10, 90 cents under the aver
age top Of a mcnth ago. AL light steers
and yearlings are bringing a premium
of so cents to 81 over the rank and
file Of weighty bullock at Chicago.
These hsavy offerings continue to glut
the market despite the fact that whole
salers want carcasSes scaling 700 pounds
and up
Fer the lat three weeks the feature
Of the market has been the br- ad call
for kinds scaling under l 900 pounds,
but even they are 25 cent cheaper in
instance, due to the stable runs, which
seem TO have let the market in for a
certain amount of pressure. suggestive
that buyers might attempt to get light
cattle more in line with weighty bull
locks, which now are selling largely at
IS downward.
How much longer weighty steers will
run in excessive numbers Is a matter
CT doubt in the trade. 1t Is the con-
census that it will take at least so days
to clean up the surplus. Some expect
too weighty bullocks to run 80 days
or more, while others take the view that
with finishers in the mood to liquidate
because of big feeding loses the glut
will have passed within 80 days. allow
ing an upturn as the dressed trade Is
relieved Ct heavy beef
The weakest link in the yearling
market was light heifers and mixed
yearlings, which, due to scarcity last
week. were on the upgrade. MANY
weighty heifers sold as much as 81 lower
than late last week Most light heifers
had to be carried to mdweek and did
not get complete clearance until the
week end. Beef COWS were less reliably
wanted than at any time this season,
which explains new low prices on the
crop and the fact that the rank and
file OF well-fattened cows with weight
sold at 2.50a2.75. The bulk of cutter
COWS sold down to 1.50a2 .00-which
meant that after he had deducted
freight and yardage costs the farmer
would get about $l2 for the ordinary
COW.
This seeming out-of-lineness was ex-
planned by the fact that 100 to $50 day
fed steers scaling almost 1900 pounds
sold in numerous instances at 4.50a4.75,
practically all of them being we'll bred
and fat enough to yield 81 to "a per
cent OF beef.
Hog Prices.
Hog prices advanced slightly at
Chicago under improved shipping de-
mand and a slight contraction in
receipts which, in turn, had beneficial
effect on fresh pork prices. Closing
values were 10 to IS cents higher than
week ago. Shipments from Chicago
were the largest since February, East
ward bound. The top advanced to 3 IS.
Comparatively light receipts at prac-
tically all markets gave statesmen the
whip hand and after sharp price de-
clines week ago fat lambs gradually
advanced 25 to IS cents at Chicago.
Eastern orders were the life Of the
trade, but killers insisted that dressed
prices did not justify higher live prices.
The bulk of good and choice lambs of
desirable weight closed at 6.20a635.