Evening star., 1934-09-08

CHICAGO, September s.-Hogs and
cattle reacted this week. while lambs,
relatively low last week. climbed
slightly.
Increased receipts, narrow shipper
demand caused partly by o sharp
break in fresh pork, paved the way
for . 25a5oc lower trend Of hog
prices, the first serious break In more
than a month. The cattle market
also was burdened with excessive re-
ceipts early In the week, following
the Labor day holiday, Jewish holi-
days early next week tending TO cut
down the needs Of shippers. However,
as the week closed practically ell
grades Of steers were again In fairly
active demand, the early glut Of beef
being absorbed better than the trade
expected. The aggregate supply Of
lambs was smaller than last week.
Make Best Showing.
During the break, strictly finished
steers and yearlings gave a much
better account of themselves than
half fat and grassy kinds, a feature
which tended to widen the price
spread. Grass steers, also cows and
heifers slipped back 25a5oc, occasion
ally nearly 81, losing much Of the
recent sharp upturn.
Approximately 100000 hogs arrived
at seven principle Midwestern mar
kets during the first four days this
week (some closed Monday because
of the Labor day holiday as against
10000 during the corresponding Pc
riod q week ago. Dressed prices,
meanwhile, were jumpy, even at
sharply lower levels under this food
of live hogs. The country was in
clined to crowd both old and new
crop hogs to market at existing sat
isfactory prices and thus escape high
feed costs. At some points daily de-
clines were severe and netted more
than soc for the week. However, it
is well TO remember that during 30
days previous hog prices went up
roughly So per hundredweight.
High qualities and highly finished
steers scaling 1921 pounds, prime cat
tie by the way, sold upward TO $1,000
at Chicago, within 10c Of the seasons
peak. Yearlings averaging 989 pounds
scored $l0.25 at Kansas City, a new
high since December, 1891. The fact
that numerous loads of long-fed, me-
dunn weight and heavy steers brought
$l0.26a10.50 at Chicago each day this
week shows that killers needed finish.
Light yearlings. mixed yearlings and
fed heifers, as q matter of fact, got
dependable action when in-between
and lower grade steers were prac-
tically unstable. Cutter and low
grade beef cows held UP better than
fat kinds.
Advance About IS Cents.
The advance on fat lambs and
yearlings measured around 25c. On
Thursday choice range lambs reached
81 at Chicago in line with the ma
tive top. 1t was difficult to get above
$3.50 for choice Colorado lambs at
Denver on the same day, however.
According to reports, many range
lambs in the intermountain area are
being contracted at considerably lower
prices than growers expected to re-
ceive early in the season. Some ad-
vance payments on contracts drawn
when feeding lambs were bringing
$5a$6 on the range have been for
feited, due to the recent adverse trend
OF fat lamb prices. In Central Utah
medium weight fat lambs recently
sold at $5.25 weighed of cars at Salt
Lake City, buyer paying freight.
Others made $5,75, grower paying
freight to the same point. In Utah,
Idaho and Oregon, also wyoming,
most feeding lambs are moving ut
$4as4.5o, with IS and better paid for
straight eve strings. 1t Is estimated
that about $4,000 feeding lambs have
already been shipped to the corn belt
m Shara faadiuo oapEraaf,