Evening star., 1934-07-14

The foliOiDiuo reUtetU Of the
weeks activities in the livestock
markets has been especially pre-
pared for the Associated Press bv
the United States Department Of
Agriculture.
CHICAGO. July l4.--HogS showed
more resistance to buying pressure
this week than other livestock. but
in a general way the price trend was
lower, generally. excessive runs show
ed up which the dressed trade at frst
was, not in a position TO absorb. The
cattle market was at least temporarily
upset by too many well finished steers
and yesrlings scaling l,050-l 400
pounds. these apparently having been
put on full feed around 90 days ago
when prices started to climb rapidly.
Already In good condition at the
time. these cattle represent the ad-
vance guard of new crop that is
in the making. GraSsers we're less
numerous than a week ago. hence
gave a better account of themselves
than fed steers. Plains steers with
weight sold of most but we're quick
EcA " AEIQNGE4 III l1aNAAAIG8
net declines did not exceed Is.
U. s. Purchases Climb.
Dry weather no longer seriously af-
fected the movement of market cattle.
but Government purchases In drought
stricken areas continued to mount at
a rapid pace. Up to July IL ap-
proximately $4,000 cattle we're pur-
chased on Government account prin-
cipally in the Northwest, for relief
distribution. That these purchases
have taxed killing plants to full ca
pacity is shown by the fact that ship
ments are running far behind. only
around 36l 900 having moved. lesv-
ing roughly 100000 yet to be disposed
Of, on the same dtae. Arrangements
have been completed with various
States emergency relief administra-
tions to pasture some Government
cattle, about $4,000 being already
asked for by the following States:
Alabama. Arkansas, Florida Georgia,
Mississippi. North Carolina, Oklahoma,
South Carolina, Tennessee and Vir-
ginia.
AAlC VI aNC ID HlIct IOilltlHCQ Will
the prospective supply of fed steers
and yearlings. At the same time
yearling steers scaling under 1000
pounds mixed yearlings and strictly
grain-fed heifers are gradually work.
ing up At least the slight early de-
cline on such cattle was fully regained.
Around 900-pound heifers brought
7.50 at Chicago, load averaging 100
pounds even making TOO. The top
for heavy steers Chicago was 1885
early and l0l5 late this week.
Lambs Go Down.
Lambs set the downward pace for
other live stock, declining in instances
to the lowest levels of the season.
According to reports several bands of
ewes and lambs changed hands at
6.00a7.00 per pair in Nevada due TO
lack of feed. The majority OF growers
in the intermountain district are
holding feeding lambs for $50 per
hundredweight or better. Some offers
of 600 per hundredweight we're re-
ceived.
The practical top for slaughter
lambs dropped to 500 at Chicago,
natives selling upward TO $50 early
in the week. Range lambs brought
7.85a8.35 at the same market this
week. the best available late stopping
at the inside price. Yearlings shared
the decline on lambs but aged sheep
worked higher, contributing to the
unevenneSs in general. Choice IdahU
lambs made $40 at Kansas City early
in the week, but this market soon
disappeared.
Broad shipping demand supported
hogs throughout the week, enabling
sellers to get clearance without hav-
ing to make serious price concession.
The peak at Chicago was 500 with
the closing top a nickel under that
price. The movement TO concentra-
ton points in Iowa was moderate.