Madison County Democrat. (London, Ohio) 19??-1958, 1951-05-15

On the basis OF prices Of these three grades at Chic
last week the maximum prices will resuItin reduction of
$3.50 10 $3.50 ew with the Good grades subjected TO the
largest cut
With price reductions Of those proportions in prospect II
probable that cattle feeders aside from farm youth
gsnzaons and exhibition cattle which specifically exempt
will ondeavor TO move many OF their finished market
possible prior TO the date announced the effective date
of controls
Under Ordinary conditions this might be expected result
in the markets being flooded with cattle Sine increase
kctings did the twelve major markets early
this week Men in the livestock trade expect market
n9s next week be indicative of the livestock producers
reaction TO the price regulations Another factor tend
ing to limit arketine at this time is the fact that young
cattle purchased BY cattle feeders last fall than be
cattle feed time would marketed by July compa
ed with about SO percent normally
Subsequent reductions prices live cattle
tonpatod July ~ and September 30 may tend to advance mar
kcng OF cattle Aside from adjusting marketing dates
to gain the most favorable return feeding operations cattle
feeders particularly those who normally purchase replacement
e3e at this period OF fhe year have adopted
eetiou policy than heretofore relative purchase commit
mems Within The past few DAYS buyers of cattle for grass feed
ing have remained the sdenes with the hope that asking
prices will seek lower levels.
The ultimate effect Of these adjustments beef production
difficult 10 Ppraisc speed the markefns of cattle
likely TO result in decne the total
ons result Of the limitation imposed by prices
live cattle would tend to reduce the quantity Of finished
marketed early NEXT wear
The quentiy Of feed crops including pasture produced this
other meats An abundant production OF feed grains
forage this would tend 70 maintain relationship
carrie
expansion OF the eaf population Adequate supplies would
aso permit continued expansion OF hogs sheep poultry
On the other hand If feed production This barely more
fhsn adeauata 1t probable that from
other livestock enterprises bring about unfavorabe
stonhp between the price OF feed and the allowed price
i've cattle The result OF course would be fewer grain finished
cattle marketed with consequent reduction in the output of
beet al tfmo when demand may actual be Increasing
Fer esPlfa consumption Of beef this past year was estimated
at o5 bounds No increase the available per person
. anssated h year tbs normal increase population will
about offset the increase in beef produced
expected 10 in
comes continue 70 expand generally anticipated due to the
rising tempo Of the defense program.
An increase in demand for beef time when correspond
ing increase in supply available seems likely TO impose
some adjustments on the part of consumers,
several alternatives Consumers NAV ,te nork
Tor beet more often than they have been accustomed TO dno
~ me recent past since major part he increase in OUTPUT
o. meat this yesr expected to be derived from that Or
ney may include poultry eggs and other more plentiful sources
OF animal pofen in their diet regularly than heretofore
IN any case IT appears that consumers will have no more
ce per sPfa than last Furthermore supplies
me nex few years be subject eurfamen+ nadeouata
eo supplies force relationship between feed and cattle prices
"non proves onfayoabe TO the further expanson Of a+s
population. F - ea''e
me present favorable relationship between the price OF milk
enc garry nerds VIII tend to encourage some expansion a
d'e his expansion dairy herds will reduce market
n9s arising from the heavy eune OF herds which prevailed b
Pasf year he result will be reduction in The aon+ n
mdrkefea which provide The lower Grades OF beef
All OF which leads TO the conclusion that price
prove 70 De an unmxed blessing for the consumer