Show V TA kS aslock 4 LOck abitua situ Q i ti 1 aaion nr arr j A los angeles union stock yards feb 21 increased supplies ot of pork are anticipated in the united states during the present year due to increased hog production some observers believe that by the middle of 1940 U S hog production will be equal to the period just prior to the ears of 0 drouth and government control measure there is much encouragement for or hog producers and feeders in the present market situation there appears to be a very broad consumer demand for pork products and as a result reports indicate that very ery little pork is going into storage and that the market Is on a fresh pork basis the market price structure is being well maintained each decline in price during recent months has been fol followed loed by a broad surge ot of buying bringing prices back into line here on the pacific coast hog prices reflect very satisfactory returns on feeding costs while the i top price of 0 hogs has now and then dropped below 8 cents a pound strong buying demand has in each instance carried the top back to 8 to 9 cents a pound at this writing the better grades of butchers are selling as high as last november increased pork supplies offer increasing competition to beet beef a situation which may materially affect the cattle market during the remainder of 0 the year as increased supplies of grain fed beet beef become available in ili most sections here on oil the pacific coast pork is moving very satisfactorily while there is admittedly much consumer resistance to prevailing beet beef prices the quota ot of beet beef imports fiam canada to mexico was pretty well tilled filled early in ili 1939 with the result that U S cattle feeders may have less competition from imported beet beef during the balance of 0 the quarter cattle prices on the los angeles market aro are the strongest in some time and the urgent demand and shortage of supplies Is in sharp contrast to a year ago cows are especially scarce on the lie market with the result that many range and dairy cows are bringing 6 to cat short fed steers are bringing bring lne to and strictly choice long fed steers are considered quotable well above 10 a cwt cat |