Show rS Situ Livestock L Los os Angeles Aug Cattle 1st-Cattle 1st values have shown a v very cry ery weak ten ten- tendency ten tendency dency during the th past two tw t o 0 weeks and prospects for If or higher puce levels are not evident Eastern packers report i lack bel of demand at present prices of the dressed product and must make ib reductions in m order to re relieve re- re relieve relieve lieve cooler Con congestion Lower Loner prices on the seem em inevitable There has b been be n a lot of discussion about eastern coming into the western estern marke markets s We all recognize that is an unusual condition and nd would not hal havy ha o happened in m a n bIg way if we ve had had the usual run of fat cattle from the range Neither would it have happened if stern eastern price levels le cots had h d remained firm finn but mn matibe after all ajl al it isn't as ac bad as It looks keeping Ike i in m nand mind that hen supplies in m ye years rs past were vere plent plentiful ul from the rangy the general tendency has been to bu buy the summer run of grassers sers at a t I price which nets the grower somewhere near what he would hive have gotten on the ern ern marJe markets markers s in other w-o-ds w I s l the flIe cost of shipping to the th tn l Miss River markets But the si ci 1 has reversed itself itsel this year r namely w tern cattle as good as those ship ship- shipped shipped ped in m from tho the are bring bring- l as aa much money angney rn as it costs to ship tattle cattle to Los Angeles ThIs undoubtedly has maintained a ahu hu higher hor local pJ price ce le level leel el lh than Ln might I otherwise e have hav obtained under exist exist- eXIst I existing existing ing conditions Another feature is 15 I that it IS i Bette bettel to have the live cat cat- cattle cattle cat cattle tle come here than an the iho dressed pro pro- product product pro product duct because it drives Wes e employment to our people eople The relationship of or prices between the khe Missouri River and the Coast Coastin is 15 i after all ver very close and whenever we get t our use live or dressed prices on an n attractive basis to the astern estem flippers or paCkers I one or two t thin things happens either our prices must be reduced if we e are to get supplies from the usual source I or our markets mill III be flooded with either the live cattle or dressed pro pro-I pro products ducts from the east What will mIl be beI bethe bethe bethe I the situation when hen aye vve e begin to get grassers from front the tha north is 15 a question I depending a great t deal on an Missouri l Rh or markets market amt nd the quality of the northern supply I Hog prices remain unchanged How Howlong Howlong I lon long they the th y will In be b able to hold theIr I own depends a great rent deal upon the prIces of other meat food likewise the price of the thousand and one onel commoditIes that ma may be substituted I for fOl the meat diet The term O el production production is in m my estimation over o overworked worked and represents a handy hindy phase I without much real r al meaning So faras far fara faras a as pork are concerned there is 1 no increased production the ten ten- tendency tendency ten tendency I dency being for decreased supplies But no commodity stands out singly during those these th da days s when there is such an abundance of all sorts of hoh somo some things to select from The de- de decreased decreased de decreased creased income creates a necessity for bargain s seeking mg and substItution not so evident during the past several I years Lamb prices continue on the downward down down- downward downward ward trend with a bright spot mere and there but lib as a rul rule eastern astern mar mar- markets markets markets are lower loner with weakening a ten ten- tendency tendency n-I n dency on the v estern market m I Chicago d dis dispatches also indicate the I that the People are arc not getting benefit of these thes low 10 livestock prices I RetaIl prices of meat in m most cases are not rig live prices This situation 1 la is e on more emphasized m in inthe inthe the west cst and 1 iu i- i ion one on of the things that thatis is 18 holding us b ck by decreased con con- consumption consumption consumption night might well ell be 00 prices on the Q hoof o toda today It is 19 i up to toed toed toed ed if th the retail Te retal l prices s reflected the the to work this out with Ith their the retailers patronising those who are willing to play the game fair fairI air j I I |