Show THE LIVESTOCK SITUATION J A mcnaughton los angeles despite the l factory condition ot of livestock and oth or er commodity markets so tw his bla year there la Is some consolation in the fact that no surplus Is being stored away to ickard an upward swing in values that should occur before long the packing business Is on a fresh meat basis to a greater degree than normally the united states department of agriculture states that hog slaughter dur during ang the peat quarter was 10 per cent greater than a yer year r previous but the storage stocks of pork and lard as of february were smaller than the 6 year avedge holdings of that date A huge volumn of 0 la Is being consumed in southern Calf california fornia with every month tor for some ime shoving ing gains over a similar period on record january slaughter ot of cattle hogs and lambs have ruled higher at tny t i ny jamian Jami ai on recard an far above ye year arago ago low prices are keeping stocks moving it la Is interesting to note that average prices ot of cattle ggs and lambs have ruled higher at los angeles angelea quality considered than at any middle western center has haa brought in livestock to los an boles from greater distances th than normally for example some have ha ve been marketed in los angeles from as far distant as missouri cold storage stocks of 0 butter on the tha pai pacific coast are less than halt half as great as a year ago a substantial de continued to back page continued from page one cress crese in cold storage of eggs Is noted and there la Is a a third less cheese on hand pork Is relatively lower in market value than either attle or sheep students ot of the market blame the heavy direct buying of hogs by packers as aa directly responsible tor for the relatively low price of hogs pointing 0 out chrt in December cut per cent of all hogs slaughtered in the united states were purchased in the country by packers without benefit of any competitive bidding whereas prices were established on the per ceat cant ol of hogs that wore were sold on the markets ma this Is the first time in history that direct marketing ot of hogs has been of such great volume and it Is also the first time in history that hog values were so tar far below prices arld tor for lambs and cattle it is a vicious circle because low priced pork offers severe competition to both beet beef and lamb students of the trade belleve believe that it all livestock could be sold on an the open markets here would be considerable improvement in values |