Agriculture -- United States -- Statistics -- Periodicals; Farm produce -- Marketing -- Statistics -- Periodicals
Following the descent of hog prices during the preceding week to the
lowest levels of the year, the marketward movement of hogs expanded
materially, the ten-market total at approximately 436,000 being 40,000
in excess of the week previous, and nearly 60,000 greater than the same
week last year. The hog run, while continuing to carry an abnormally
large proportion of heavy packing sows for this period of the year,
showed a considerably enlarged quota Of spring-farrowed, light and
underweight stock and average weights decreased at most points. The
disposition shown by producers in many sections to unload pigs and
immature light hogs was anything but a bullish influence on prices but a
revival of eastern shipping demand assisted in checking the decline.
SHEEP AND LAMB RECEIPTS LARGE.
Receipts of sheep and lambs for the week both at Chicago and numerous
other western points were the largest of the year, the ten-market total
of about 419,500 exceeding the previous week’s supply by approximately
38,000 and being nearly 1,000 in excess of those of the same week last
year. The crop, however, carried a heavy proportion of feeders from the
western range and the market displayed gratifying stability following
the slump in prices during the week previous, which was one of the most
severe slumps of the season.
_Cattle._--Higher prices for most grades of beef steers showing
effective corn feeding, further seasonal expansion in the movement of
both native and western grass cattle, and further evidences of
increasing interest on the part of stocker and feeder buyers featured
the cattle trade during the week under review. The trend of prices at
the different market centers was decidedly irregular. Omaha, where
receipts were considerably lighter than the preceding week, showed
advances on practically all classes of cattle. Other River markets under
review showed irregular declines on grass cattle and comparatively
little change on desirable corn-feds. At Chicago, where receipts of
northwestern range cattle were nearly double the largest previous run
this season, grass steers and the less desirable of the warmed-up and
plain, heavy, fed steers sold steady to 25¢ lower, and the better
grades of corn-fed steers, including yearlings, all the way from 10¢ to
50¢ higher.
The return of $11 cattle after an absence dating back to last January,
marked the week’s trading at Chicago. Two lots of prime Angus and
Hereford yearlings averaging 985 lbs. and 891 lbs., respectively,
brought that price. The former consignment was made up of natives from
an Iowa feed lot, nearly half of which were heifers. The other lot
consisted of Illinois-fed, branded steers which originally came from
Texas.
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