Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-09-29
WHEAT PRICES
HOLDING STEADY
FEED MARKETS TURN WEAKER AS
PASTURES IMPROVE AND DE-
AKAND sLACKENs
From Bureaa Of Economies,
u. s. Deuarfwexaf Of Agriculture

u. s. Department OF Agriculture
Present prospects for the average
level og wheat prices for the season
ara not mueh different from 6h0Se
Of last naenth. The reaction which
has taken place ln prices, both IN the
United States and i'm world markets,
since Aug. 10 appears 30 have placed
them on q more nearly normal basis
IN the light Of prospective supplies.
Prices IN the United States may be
expected to continue sensitive e nm
eertainkEes.
No marked advance or decline in
world market prices seems In prospect,
pending more definite indications as TO
the outtgrn 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
we're most affected by the slack demand
and prices declined 81 to $50 per ton
at Denver wheat feeds held steady,
with surrounding areas taking the en-
tire output of local mills. The Ogden
market was also reported unchanged,
but dairymen were delaying purchases
awaiting the outcome OF the livestock
market buying campaign.
Lower quotations on hnseed meal and
cottonseed meal we're reported st some
points. The cottonseed meal situation
was slightly easier with some slacken-
ing in demand Soybean meal was
quoted unchanged in central western
markets but none was offered for earl
Ter than October shipment Alfalfa
meal was slightly weaker with some
slackening in demand Production
during August was in excess OF that
for the corresponding month last year.
Other feeds were about steady, with
supplies generally light. Prices OF
tankage remained UNCHANGED at $50
per ton with manufacturers unable 10
fill all orders.
Receipts of all cattle, hogs and sheep
at IL 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 vearlings we're included IN re-
cent receipts, and the top was s10.25,
although heavy choice steers were
guotable up to $1,000. Buyers had an
Indifferent attitude toward grass steers.
Fed heifers we're strong, the best selling
upwards to $8.25. Most sales OF stock
srs and feeders were made at s3.75 to
IS. Vealers sold up to $3.50. The hog
market has been somewhat irregular.
Sales OF 2I0-300 weight hogs ranged
rom s7.20-735 and reached top Of 81
o.
The fat lamb market In general was
Iteady to strong particularly ON fat
natives. Small killers paid top Of
'6.o5 for native lambs. The bulk Of
hacker purchases were made IS $3.50
I75. with westerns at $6.25 to $3.50
some Wyoming lambs sold straight nc
$50.
The dizziness which has prevailed in
he domestic wool market for many
weeks remains unbroken. Until there Is
p improvement in the domestic man.
Featuring situation or change Ia the
oreign price level quotations fer do
nestle wool win probably show no ma
erial change Wooden goods share the
REVEALING quiet steadineSs Of the raw
1ool market.
The price of sugar is expected TO adj
ance into line with export prices fix
d IN Cuba adding freight and the re-
emily reduced tariff charge, but present
omestic prices are slightly lower be-
atge Of stocks held IN this country.
juban price fixing and export restrfc-
Ions are likely to support the general
rice level Of cane and beet sugar ia
Inited States markets.
a