Show the livestock situation I 1 BY L LA A conaughton NAUGHTON Mc Mo cattle prices have adviL advanced need to I 1 levels that permit fair profit to those cattlemen who are fortunate enough to have sufficient food faed supplies I 1 whether in the form of range and pasture or in dry lots leveni seven dollar cattle again made their tip ap on the loa angeles market i during the past th the of I 1 first time so far this year feed lot supplies lles of cattle throughout the country are considerably smaller than that this season of the year than for several years past and members mem bors of the trade confidently anticipate heger prices for red fed cattle during the summer months california grass cattle finishers also are sharing in tar far better prices than a year ago with grass steers in the los log angeles market most of the well finished california grass afat tat steers arenow are now selling at to a hundredweight 4 as 09 compared to to a year ago prices for feedlot cattle to do not come aa an blessing for food feed prices are mounting aloo alo supplies of hay are dwindling I 1 alfalfa hay prices in southern I 1 california are now to 2501 a ton higher alg her than a year rim ago it if shortage ah of water for irrigation prevails pr oValla ira in the imperial valley ag now seems likely shortage of ha hay Y in this section may become serious to livestock interests with numbers of cattle on oa the pacific coast far lelow below market requirements quire autre ments cattlemen on the west coast are intensely interested in developments develop menta in the middle west and conditions in that section of the country bring optimism to the western people mople who have plenty of water and feed heavy steers reached on the chicago market last I 1 weel week amere la Is every indication j that fed steers are still on the up j 1 ward trend but with alarming drouth conditions in n many states thero there la Is great fear that maikela mai keta will bo be flooded with thin and coni com nion cattle from drouth distel districts eta in absence ot of normal outlet tor for stocker stacker alq and feeder cattle most mo st of these cattle probably will wili be forced into immediate beef channels annola ch to tho the detriment of the trado trade recognizing g the of ofa th tills situation situ aaion the federal govern 1 dent la is actively in a re ra ilet hot program to remove these cattle battlo from trado trade chan channels nek the scope ot of government buying will have much to do with holdin gup the market on cattle fit for slaughter it a not too late tor for rains to relieve a groat share of the druth stricken area so the ilia situation will bear watchful waiting on the pait ot of the stock mon inen |