| OCR Text |
Show LOS ANGELES STOCK Increasing buyer resistance to current prices for meats over the retail counter was in evidence this week and resulted in somewhat some-what draggy and uneven trade in both cattle and hog divisions. Packers reported a slower turnover turn-over of meats in their coolers, except for a few top varieties of steer and heifer beef, and, as a result, there was some leveling off in the live markets. Arrivals of cattle at the Los Angeles Union Stock Yards were virtually the same as the preceding preced-ing week and corresponding period a year ago, but the character char-acter of the run represented some seasonal deterioration, offerings of-ferings earring a larger percentage percen-tage of cows, lower grade steers and stocker and feeder material than in recent weeks. Upper grade steers were comparatively com-paratively scarce, and these were strong to spots mildly higher. A few loads brought $33.75 to . $34.50 on good but not strictly choice fed steers scaling from 1,000 to slightly above 1,200 lbs. Bulk of the average good kinds sold on a $30.00 to $33.50 basis. Commoner grades ranged down to $26.00 and closed slow and weak. Heifers showed minor strength Monday, but this was wiped out in late grassy kinds down to $26.00 and below. Cows developed pronounced weakness, declines of 50c to $1.00 being enforced all along the line, with closing demand narrow in view of a sluggish movement of cow beef out of packer coolers. While a few good young cows sold up to $27.00 to $27.25 during the week, relatively few sales were recorded re-corded above $26.00, and bids over $25.00 were scarce in finai sessions. Bulls were little changed and calves held largely steady. Stackers and feeders fully steady with sales of good fleshy feeders up to $32.00, a new high mark. |
