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Show ; MAU : - r There is a great expectation on the part of livestock interests, particularly particular-ly the cattle growers, of favorable price reaction when the so-called meat code gets undr way; but we should keep in mind that it takes time to get such things going and that in the meantime we have to deal with the heavy seasonal run cf cattle from the northwestern ranges and that after all , the laws of supply and demand are bound to have their play. The. industrial situation seoms to be progressing, although a good many unexpected obstacles have arisen, but it is reasonable to suppose that they may be overcome and that we are really on a forward march. Another thing to keep in mind is that fundamentally hogs only are in- eluded in the code, and it is a question ques-tion as to what side agreements can be worked out with respect to other classes of meat food livestock. It seems reasonable to say that if the low prices prevailing on cattle and sheep interfere with the carrying out of the avowed purpose of the act, it is permissable to place under control con-trol any commodity that interferes with the carrying out of the plan. Within the past thirty days the eastern east-ern markets have reflected an advance of 50c to $1.00 in hog prices, but we are quite a ways off yet from the basing price of the pre-war period, with the fall and winter movement of hogs to market staring us in the face. Finally, the question is of passing the product along to the people. Our information is that retail prices of all kinds of meat products have been materially ma-terially increased but apparently the packer has not received his share of the increase, hence the grower is still holding the bag. How long this situation situa-tion will continue is a question. The whole si'uathn is fraught with a great many "if s," but we must have confidence confi-dence to believe that with the underlying under-lying spirit that exists among the people peo-ple as a whole, we are going to get the- job done. So far as the stocker and feeder cattle business is concerned, the demand de-mand in this territory may be called .practically nil for two reasons; first, the lack of rain and douthy conditions condi-tions pretty much throughout the southwest Arizona and New Mexico : have had some pretty fair roins but they were net timely, hence the bene-1 fits have not been as great as ex-1 pected. California ;s bone dry. ' The second factor is thit until there ' is some reaction in f;it prices, it is pretty hard to s"o how buyers are go-' ing to be very much interested in view j of the expsri nr. of the past two or three year-. The mly thing I can see! in the situs' i ,n is, to market fat cattle cat-tle and calves whin they are ready, and so far as storkers and feeders are concerned we will just have to watch and pray for moisture and to hope that fat prices, w'll improve so as to give the buyers some encouragement to believe that they arc nt least going go-ing to he able to hold Ihe.ir money together. |