Show the livestock situation BY L LA A mcnaughton importance of byproduct prices I 1 tees la Is emphasized in ill to days das Iv eatock estock markets hid es are soiling at tile the best beat prices in many years with pacific coast packers mak ing their last sales at 13 and 15 cents a pound for cow and steer hides when it Is consider ed that tile the hide in makes akes up tip to 7 per cent of tile the weight of a live steer it may be soon that the prices of hides is all important in III the fat cuttle cattle trade even with the supply of government drou th hides now being unload ed ns as rapidly ns as possible the hide market continues to show sho w strength not counting sto storage age costs and interests it Is interesting cresting Int to note that government hides recently sold in III tile the east cast at 1406 to t 0 1674 cents for cow and steer bittles respectively moans an average of about 1050 for an average hide of 70 lbs ibs this figure cepro aenas se ants an average of more than half the price paid for drouth drout li stricken cattle and is more than double the val ue tie of the hides when they went into storage on oil tile the whole tile the livestock markets appear to be in strong position marketing of cattle has been heavy so far this year indicating that high priced feed Is forcing stock to market Nev ortho orthe loss losa cattle prices have avo ad danced almost continuously over it a period of weeks astric aly choice long fed cattle are extremely scarce as aa in dilated by the 1625 paid at chicago last week where as government market re ports show that ali at most of the leef beof steers at chicago are soling at to 1050 a e cat cwt wt on the los loa angeles market 1075 was paid for california fed steers last week highest price in two yea years ts t s while fed light helf ors ers at were the high j est eat in nearly seven years back of the sharp advance I 1 in red fed lamb prices which started early in the year Is s tile the high value of pelts the high value explains the relatively small difference in market quotations on oil so caled aged lambs laahs or last years yoila s cropas compared with the now new crop baby milk lambs likewise sheep are selling at the in years with aged owes in full fleece on the los an golea geles market quoted well above 6 cents per pound |