Show I I The Livestock Situation It is generally understood that buyers buyer exert every effort to buy as low 10 as the they can and that sellers at- at attempt attempt at attempt tempt to sell as hl high h as they n c This is a rule thit th generally storks out especially where here there are arc many man e buyers who ho must constantly con constantly endeavor or to purchase raw materials on the same level le cl of alues alues as do their competitors Livestock values alues alues hate hav hM c e worked corked I 10 lower er and ana recent sales ales aies have I I been so so low that man many feeders and andI producers arc are discourage e because of I ere se financial losses In this instance in stance large buyers bu ers of livestock are frankly alarmed and at least some of the lar large e packers are about as an- an anXIOUS anxious an anxious to see sec ad advances ances ances in m prices as the owners of livestock themselves es es One of the large national pickers p call calls attention to this situation and has called upon his personnel to ex- ex exert exert ex exert ert e elj possible influence to stun beef consumption to the end tha that t prices will gill III be stabilized on a level affording some of profit prof profit it to feeders and producers He points out with good cause that lit when prices fall to lei le levels els below costs of production many man producers are arc forced out of business breeding herds arc are sacrificed because of fin financial financial ancial pressure or with the result that reduced reduced ed supplies fo follow 11 0 accompanied by very vel y high prices pi ices Such sh sh-irp fluctuations arc are not good for any industry On the one hand when hen prices are arc too low lea pro producers suffer suffel When prices are arc too high consumers suffer Thus it I is isto isto to the advantage of all to recha retch reich a happy medium where here there is room for profit for producers and ability to buy bu on the p l put t of consumers This n I elv ont I n o V l vu LUU that both packers andret and ret retail zil t me dealers s suffer when beef sells at prices which virtually place that commodity in the ury luxury class as a may well cell ell happen if low 10 prices pi ices force forceman many man out of bus business mess Recent sharp upturn in m cattle prices on castel n markets may re reflect fleet sentiment of the larger pack pack- eis CIS who ho express pless a feeling of re responsibility responsibility in m assisting the live livestock livestock stock industry to SUI e Vl e the present depressiOn Pacific Coast st prices pi ices are still relatively ely high in m elation i 1 to the 1 Rl River Riser er mal but further enhancement of values alues in m the Middle l West cannot help but the price ice situation on the Coast |