| Show I x l e eo Livestock Si a o e f J i AA N ll Los Angeles Aug Cattle 1st-Cattle 1st values hn have hale e shown a very weak tendency ten ten- tendency ten tendency dency durm during the past t two 0 weeks and respects for or higher price levels are not evident Eastern packers report a lack Jack of demand it lt present prices of the dressed di cased product and must make reductions in order to re- re rehE relies re relieve lieve hEe lies hE e a cooler congestion Lower prIces on the livestock seem em inevitable There has been a lot of discussion about eastern cattle coming coning into the western marl markets t s We Ve all 1 I that is an unusual condition and not have hale ha e ha happened d in m n b a bIg bIga I i a way if we had had the usual run of fat cattle from the range Neither would it have hale happened it Il eastern price levels levela JI hid had remained firm but ma maybe be after all it isn't i nt as bad as It looks keeping in m mind that ashen hen supplies in years Past ere nere from the range rang the general tendency I has been to buy the summer run of I grassers g at a price which nets the grower somewhere near what hat he have hale gotten on the mi em ern e markets marked in other ii wo-ds wo lc l S too the cost of shipping to tl the th Missouri tn o Riser er markets But th the Sit s cation ahon has I reversed itself this J v r r namely western estern cattle as good as those ship ship- shipped shipped ped in m from the are arc bring bring- in IJ as much money as it costs to ShIP estern cattle to Los Angeles ThiS undoubtedly has main maintained tamed a ahu hu higher her l local al price level lc than might otherwise have hav obtained under exist exist- existing inc ing conditions Another feature 5 s toot that it is better to have hase C 3 the Use live cat cat- cattle cat cattle tle come here than the dressed pro pro- pro pro- duct duet product because it gives employment to our people The relationship p of prices the Missouri 1 River and the Coast markets ma is 15 after all very vcr very close and whenever we get et our live lie 11 e or dressed prices on an attractive e basis to the or paCkers I one or two thinK Jia happens either our i prices must be reduced if we e ire are to I get supplies from the usual source or our markets m 1 avill ill III be flooded with I either the live cattle or dressed pro products products ducts flom the east What WJ will be bethe bethe the situation when hen we t begin to get beI I grassers from the tre north i L a question depending a great deal on Missouri 1 RI RIer er markets and the quality of the northern supply I Hog prices remain unchanged lion lIo 10 long 6 they will III be ibe able to hold their 0 own n depends s a great greit deal upon the the prices prices of other meat food likewise I Ithe the price of the thousand and one I es that may be substituted for the meat diet The term over overproduction production is in m my estimation 0 oser er I worked and represents a handy phase much real meaning So far as 5 pok po k supplies arc are concerned there I I is no increased n production the t ten tendency tendency I dency being for decreased supplies But no commodity stands out singly there such I during these theoe the e days when is an abundance of all sorts of hoh somo some things to select elect i lect from The de- de decreased I de-I de decreased creased income creates a necessity for bargain se seeking and substitutIon not so evident durm during the past s several veral years Lamb continue on the down down- downward downward hereward ward trend prices with a bright spot here rul rule eastern markets mar mar- markets markets and there but as a are arc lower loner with a weakening ten ten- tendency tendency ten tendency dency on the western market I Chicago dispatches hes also indicate that the People are not getting the benefit of these low livestock price Retail prices of meat t in most cases case are arc not r live lie 11 e prices ThIS emphasized m in inthe inthe situation is even snore more the west nest and rs s one of the thc things thatis that thatis IS holding us back by decreased con con- consumption consumption wretch might well nell be Jt IS up to toad toed prices on the hoof today the ed ad if the retail reflected the public to work ork this out with Ith theIr retailers p patro atro those who ho are arey to the game fair w top play y yI I |
