General Inactivity in Feed Market Continues--Offerings of Cottonseed
Meal Increasing.
The feed market throughout the country was very dull and weak for the
week ending Oct. 1. There was practically no investment buying of any
commodity and dealers were supplying their immediate needs only. Prices
generally are weak and in some markets lower on several feeds.
Production of wheat and corn feeds remains fairly heavy. Cotton seed in
some sections is moving more freely and meal mills are expected to
increase their offerings. Feed shipments from Minneapolis mills were
heavy and stocks in public warehouses at lake ports are increasing.
Approximately 28,750 tons of wheat feeds were reported in these
warehouses at the end of the week under review, compared with about
2,200 tons at the corresponding time last year.
_Wheat mill feeds._--Continued heavy production of bran and middlings,
together with a lack of sufficient demand to absorb the offerings,
resulted in a very weak feed market during the week. The lower grain
prices were also a bearish factor. Bran was especially dull. Both mills
and jobbers were pressing sales in some markets. Some distress bran was
in evidence at both Chicago and Cincinnati. Hard winter bran sold as low
as $10 per ton on track at Kansas City.
=CARLOAD PRICES OF HAY AND FEED AT IMPORTANT MARKETS, OCT. 1.=
[In dollars per ton.]
-----------------+-----+------+-----+-----+-----+-----+------+------+
Commodity. | New |Phila-|Rich-| At- | Sa- | Mem-| St. |Pitts-|
|York.| del- |mond.| lan-| van-|phis.|Louis.|burgh.|
| [1] | phia.| | ta. | nah.| [1] | [1] | [1] |
| | | | | | | | |
-----------------+-----+------+-----+-----+-----+-----+------+------+
HAY. | | | | | | | | |
Timothy and | | | | | | | | |
clover: | | | | | | | | |
No. 1 timothy |31.00| 23.00|26.00|28.00|26.50|24.50| 25.00| 22.50|
| | | | | | | | |
Standard | | | | | | | | |
timothy |30.50| 22.00|25.00|26.00|25.50|22.00| 23.00| 21.50|
No. 2 timothy |29.50| 20.00|24.00|24.50|24.50|20.00| 20.00| 19.50|
No. 1 light | | | | | | | | |
clover, mixed |29.50| 19.00|25.00|26.00|24.50| ... | 22.00| 20.00|
| | | | | | | | |
No. 1 clover, | | | | | | | | |
mixed | ... | ... |24.00| ... | ... | ... | 20.00| 21.00|
| | | | | | | | |
No. 1 clover | ... | ... |24.00| ... | ... | ... | 21.00| 20.00|
Alfalfa: | | | | | | | | |
No. 1 alfalfa |28.00| ... | ... |29.00|28.50|23.00| 22.00| ... |
| | | | | | | | |
Standard | | | | | | | | |
alfalfa | ... | ... | ... |27.00| ... |20.00| 20.00| ... |
| | | | | | | | |
No. 2 alfalfa | ... | ... | ... |25.00| ... |17.00| 18.00| ... |
| | | | | | | | |
Prairie: | | | | | | | | |
No. 1 upland | ... | ... | ... | ... | ... | ... | 17.00| ... |
No. 2 upland | ... | ... | ... | ... | ... | ... | 15.00| ... |
No. 1 midland | ... | ... | ... | ... | ... | ... | ... | ... |
Grain: | | | | | | | | |
No. 1 wheat | ... | ... | ... | ... | ... | ... | ... | ... |
No. 1 oat | ... | ... | ... | ... | ... | ... | ... | ... |
FEED (bagged). | | | | | | | | |
Wheat bran: | | | | | | | | |
Spring |21.25| 20.75|21.50|22.00| ... | ... | ... | 19.50|
Soft winter |21.50| 22.50|25.00|22.00|23.50|16.00| 14.50| 20.50|
Hard winter |21.50| 21.25| ... |22.00| ... | ... | 14.00| 20.00|
Wheat middlings: | | | | | | | | |
Spring | | | | | | | | |
(standard) |22.25| 21.75|24.00|27.00| ... | ... | ... | 21.50|
Soft winter | ... | 28.00| ... |30.00|30.00| ... | 22.50| 27.50|
Hard winter | ... | 27.00| ... |28.00| ... | ... | 21.50| 27.50|
Hard winter | | | | | | | | |
wheat shorts | ... | ... | ... |30.00| ... |24.00| 18.00| 27.00|
| | | | | | | | |
Wheat millrun | ... | 23.50| ... | ... | ... | ... | ... | 23.50|
Rye middlings | ... | 20.50|21.00| ... | ... | ... | ... | 19.00|
High-protein | | | | | | | | |
meals: | | | | | | | | |
Linseed |46.75| 44.50| ... | ... | ... | ... | 40.75| 45.00|
| | | | | | | | [2] |
Cottonseed | | | | | | | | |
(41%) | ... | 45.25| ... | ... | ... |36.00| 40.00| 44.50|
Cottonseed | | | | | | | | |
(36%) |45.25| 43.25| ... |41.00|40.50|35.00| 38.50| 42.00|
No. 1 alfalfa | | | | | | | | |
meal (medium) | ... | ... | ... |29.00| ... |22.50| 20.00| ... |
Gluten feed |35.34| 34.93| ... | ... | ... | ... | 29.25| ... |
White hominy feed|29.25| 28.75|30.00|28.00| ... | ... | 21.00| ... |
Yellow hominy | | | | | | | | |
feed |27.25| 26.00|30.00| ... | ... | ... | 19.00| ... |
Ground barley | ... | ... | ... | ... | ... | ... | ... | ... |
| | | | | | | | |
Dried beet pulp |29.25| 28.00| ... |33.50|42.00| ... | ... | 25.80|
-----------------+-----+------+-----+-----+-----+-----+------+------+
-----------------+-----+-----+------+-----+------+------+-----
Commodity. | Cin-| Chi-| Min- | Oma-|Kansas| San | Los
| cin-|cago.| nea- | ha. | City.| Fran-|Ange-
|nati.| [1] |polis.| [1] | [1] |cisco.| les.
| [1] | | [1] | | | [1] | [1]
-----------------+-----+-----+------+-----+------+------+-----
HAY. | | | | | | |
Timothy and | | | | | | |
clover: | | | | | | |
No. 1 timothy |20.00|24.00| 19.50| ... | 14.50| ... | ...
| | | | | [2] | |
Standard | | | | | | |
timothy | ... |22.00| 18.50| ... | 13.50| ... | ...
No. 2 timothy |18.50|20.00| 18.00| ... | 12.50| ... | ...
No. 1 light | | | | | | |
clover, mixed |18.50|21.00| 18.00| ... | 13.50| ... | ...
| | [3] | | | [2] | |
No. 1 clover, | | | | | | |
mixed |17.00|17.00| 17.50| ... | 11.00| ... | ...
| | [2] | [2] | | | |
No. 1 clover |20.00|17.00| 17.00| ... | 11.50| ... | ...
Alfalfa: | | | [2] | | [2] | |
No. 1 alfalfa |21.00|22.00| 21.00|15.50| 18.00| 18.00|19.00
| [2] | | [2] | | | |
Standard | | | | | | |
alfalfa |19.00|20.00| 19.00|13.50| 15.00| 17.00| ...
| [2] | | [2] | | | |
No. 2 alfalfa |17.00|17.00| 17.00|10.50| 12.00| 13.00| ...
| [2] | | [2] | | | |
Prairie: | | | | | | |
No. 1 upland | ... |17.00| 16.50|11.00| 12.00| ... | ...
No. 2 upland | ... |15.00| 14.00| 9.50| 10.00| ... | ...
No. 1 midland | ... |14.00| 12.00|10.00| 8.50| ... | ...
Grain: | | | | | | |
No. 1 wheat | ... | ... | ... | ... | ... | 20.00| ...
No. 1 oat | ... | ... | ... | ... | ... | 16.00|21.00
FEED (bagged). | | | | | | |
Wheat bran: | | | | | | |
Spring |17.00|15.25| 12.50| ... | ... | ... | ...
Soft winter |17.50| ... | ... | ... | 10.75| 28.00|28.00
Hard winter |17.00|15.25| ... |10.50| 10.50| ... |22.00
Wheat middlings: | | | | | | |
Spring | | | | | | |
(standard) |20.50|16.50| 13.50| ... | ... | ... | ...
Soft winter |24.00| ... | ... | ... | 18.50| 39.00| ...
Hard winter |20.50| ... | ... | ... | 18.50| ... | ...
Hard winter | | | | | | |
wheat shorts | ... | ... | ... |18.00| 15.50| ... | ...
| | | | | [3] | |
Wheat millrun | ... | ... | 30.00| ... | 15.00| 27.00| ...
Rye middlings |17.00| ... | 12.50|12.00| ... | ... | ...
High-protein | | | | | | |
meals: | | | | | | |
Linseed |45.00|41.00| 38.00|41.50| 39.25| ... | ...
| | | | | | |
Cottonseed | | | | | | |
(41%) |41.25|42.00| ... | ... | 39.75| 41.00| ...
Cottonseed | | | | | | |
(36%) |38.50|40.00| ... | ... | ... | ... |36.00
No. 1 alfalfa | | | | | | |
meal (medium) |23.50|21.50| ... |17.00| 17.25| 20.00|27.00
Gluten feed |32.45|28.65| ... | ... | 34.50| ... | ...
White hominy feed|26.00|21.00| ... |19.00| 20.00| ... | ...
Yellow hominy | | | | | | |
feed |26.00|19.00| ... |18.50| 19.00| ... | ...
Ground barley |36.00|31.00| 20.00| ... | 24.50| ... |30.00
| | | | | | | [4]
Dried beet pulp |25.90| ... | 23.50| ... | 21.00| ... |25.00
-----------------+-----+-----+------+-----+------+------+-----
[1] Hay quotations represent average of cash sales at these markets.
[2] Nominal.
[3] Brown.
[4] Rolled.