The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1934-10-05
WHEAT PRICES
HOLDING STEADY
FEED MARKETS TURN WEAKER AS
PASTURES IMPROVE AND DE-
MAND SLACKENS
From Bureau of Economics,

CTO" bureau OF ECONOMICS,
U. S. Department of Agriculture
Present prospects for the average
level Of wheat prices ior the season
are not much different from those
of last month. The reaction which
has taken place in prices, both in the
United States and in world markets,
since Aug. 10 appears to have placed
them on a more nearly normal basis
in the light of prospective supplies.
Prices in the United States may be
expected to continue sensitive to un-
certainties.
No marked advance or decline in
world market prices seems in prospect,
pending more definite indications as to
the outturn of Russian exports and
southern hemisphere crops.
Feed markets turned weaker the third
week of September as demand slack
ened with further improvement in late
pasturage and forage. Wheat feeds
were most affected by the slack demand
and prices declined ST to 81. so per ton.
At Denver wheat feeds held steady,
with surrounding areas taking the
tire output of local mills. The Ogden
market was also reported unchanged,
but dairymen we're delaying purchases
awaiting the outcome of the livestock
market buying campaign.
Lower quotations on linseed meal and
cottonseed meal were reported at some
points. The cottonseed meal situation
was slightly easier with some slacken-
ing in demand. Soybean meal wa
quoted unchanged in central western
markets but none wa offered for earl
Ter than October shipment. Alfalfa
meal was slightly weaker with some
s~lackening in demand. Production
during August was in excess of that
Tor the corresponding month last e a
Other feeds were about steady, with
supplies generally light. Prices OF
tankage remained unchanged at $50
per ton with manufacturers unable to
fill an orders.
Receipts Of all cattle, hogs and sheep
at II markets were smaller the first
half OF the third week of September
than for the corresponding period the
week before. Commercial cattle de-
creased about $500 head, calves, $500
head; hogs, $4,000 head, and sheep and
lambs, 5000 head. Very few grain fed
steers or yearlings were included in re-
cent receipts, and the top was $1O.25,
although heavy choice steers were
quosable up to $1,000. Buyers had an
indifferent attitude toward grass steers,
Fed heifers were strong, the best selling
upwards to $8.25. Most sales of stock
ers and feeders were made at $3.75 to
IS. Vealers sold up to $3.50. The hoe
market has been somewhat irregular.
Sales Of 210-300 weight hogs ranged
from $720-7.35 and reached top OF ST.
40.
The lat lamb market in general was
steady to strong particularly on fat
natives. Small killers paid a top OF
$6.85 for native lambs. The bulk Of
packer purchases were made at $780,
CTS, with westerns at $6.25 to $3.50:
$3.50.
The dullness which has prevailed IN
Inc domestic wool market for many
weeks remains unbroken. Until there n
an improvement in the domestic man.
ufacturing situation or a change in the
foreign price level, quotations for do
nestle wool will probably show no ma.
| terlal change. Wooden goods share the
prevailing quiet steadiness of the raw
o market.
Inc pr1ce OF sugar Is expected tn al.
n INTO line with export prices fin,
eo IN Cuba adding freight and the "a
cently reduced tariff charge. but nresens
domestic prices are slightly lower h.
cause OF stocks held in This co,,ntT
Haoan price fixing and export restric-
LIONS are likely to support the general
pt1ce OF cane and beet SUGAR IN
United States markets.