The influx of westerns augmented the stocker and feeder supply and
producers took more notice of their pasture and feed lot needs than
recently, insisting, however, on lower prices except on kinds of high
quality. A spread of $5.50‒$6.50 absorbed the majority of stockers and
light feeders at Chicago, a few heavy feeders reaching $7.50, while good
feeders commanded $7.25‒$7.75 at Kansas City, most of the desirable
stockers bringing $6.50‒$7 at that market. Common light stock steers
descended to $4.50 and lower in instances there and at St. Louis.
She stock offerings were comparatively scarce, and flesh condition for
the most part was plain to medium. Highly finished kosher cows
maintained $8‒$8.50 levels and above at Chicago, corn-fed yearling
heifers selling in line with steers of a similar finish. In-between
grades of beef cows and heifers lacked dependable outlet, generous runs
of low grade grass steers at river markets being a weakening influence.
Bulk of fat cows and heifers at Chicago brought $5‒$7.25. Canners
displayed strength, few healthy descriptions selling there below $3.
Bulls closed largely 25¢ lower; desirable heavy bolognas cashed upward
to $4.75‒$4.85 early at Chicago, but descended to around $4.50, heavy
beef bulls sharing the decline. Reduced arrivals of veal calves at
Chicago somewhat counteracted the effect of slump conditions in the
dressed market and values advanced 25¢‒50¢, packers taking desirable
vealers at the close at Chicago at $9.50‒$10, these interests as well as
small killers paying upward to $10.50 for specialties.
_Hogs._—Although receipts at Chicago were moderate, being about the same
as in the preceding week, those at western points
(Concluded on page 109, column 1.)
MODERATE RECEIPTS OF MOST MEATS IN EXCESS OF DEMAND
Prices Generally Lower on Beef, Veal, Lamb, and Mutton—Heavy Pork Loins
Also Lower.
(Boston, New York, Philadelphia, and Chicago.)
Moderate receipts of beef, veal, lamb, and mutton were in excess of the
limited demand and prices were generally lower for the week ending July
28. Heavy pork loins were weak to lower with other classes steady to
higher, except at New York, where all averages shared in the decline.
_Beef._—Moderate receipts of beef at eastern markets found a limited
outlet. Good and choice grades of steers were not plentiful, but were
neglected in favor of poorer grades as prices were given more
consideration than quality. The demand for chucks and rattles showed
some improvement, and prices on these were relatively firmer than on
other cuts. Cows were mostly of medium and common grades and were hard
to move. At Chicago the assortment of steer beef was good, but prices
weakened under a narrow demand. Few desirable cows were available, most
of the supply having consisted of the poorer grades.