Agriculture -- United States -- Statistics -- Periodicals; Farm produce -- Marketing -- Statistics -- Periodicals
_Lamb._--With continued heavy receipts of lambs at live-stock centers,
the dressed trade was in a chaotic condition. Although estimated
receipts of lamb at seven of the principal live-stock markets showed a
decrease of 12% as compared with the same month one year ago, liberal
offerings of Canadian lambs at eastern markets more than offset the
decrease and intensified the already existing unsettled condition. This,
together with the continued unequal demand, assisted in pushing prices
of the dressed product below the low point reached in February of the
present year. Total supplies at eastern markets exceeded those of the
same period a year ago by 2,500,000 lbs., and fluctuations on the
different grades amounted to $6.
While Chicago registered smaller fluctuations the trend was steadily
downward and closing prices were $2 to $3 below the opening. Although
closing prices at eastern markets were slightly above the low spot for
the month, trade conditions at the close were generally unsatisfactory
to the selling side. At the beginning of the month cold storage holdings
were 820,519 lbs. less than a month earlier, but were still considerably
above the season’s average during prewar years.
_Mutton._--Receipts of mutton at eastern markets decreased 32,000
carcasses as compared with the same period a year ago. This reduction,
together with a general improvement in quality over that of the previous
month, was the principal factor contributing to a generally steady
market in the East, particularly during the last half of the month. With
supplies at Chicago consisting largely of heavy bucks and ewes and
practically no handyweight wethers, that market declined sharply and
closed $1.50 to $2 below the opening.
_Pork._--Conditions in the fresh-pork trade were generally unsettled.
Sharp weekly fluctuations caused by erratic advances on Mondays, which
could not be maintained through the week, were an outstanding feature of
the month’s trade at some markets. Supplies of loins at eastern markets
were practically the same as a year ago and consisted mostly of frozen
or chilled stock, for which there was an uneven demand. The latter sold
at a wide range of prices and unevenly $4 to $10 below corresponding
averages of fresh loins. Closing prices at eastern markets were only
slightly changed from the opening, some averages being 50¢ to $1 lower.
Conditions at Chicago, which has been the high market during the past
two months, were materially changed and declines equaling the advances
of late July were registered during the last half of September. From the
high point of $32 on light average loins, prices had dropped to $26 at
the close. Heavier average loins registered similar declines. Shoulder
cuts were relatively more stable but were mostly $1 to $1.50 off at the
close.
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