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Show fLivestock Los Angeles, April 25 Cattle continue con-tinue to be better property than almost al-most any other commodity in America Amer-ica today. Despite lowered values on financial exchanges, the lowest ho.: market during this century and unsettled un-settled business conditions generally, the cattle market maintains a strong, position. Demand for beef is broa 1 and the supply is apparently smaller than during any recent year. On th? Los Angeles market, beef cattle have been in active demand at steady prices. pric-es. The cattle market appears to be in strong strategic position, due to smaller supplies on range and in feedlots. Figures compiled by the Arizona Sanitary Commission indicates indi-cates that at the end of 1931, there were only 353,499 cattle in that state, as compared with 816,952 in 1923. A recent United States department of Agriculture report indicates a sharp decrease in numbers of cattle on feed in the corn belt and throughout the west generally, amounting to a decline de-cline of about 16 per cent from a year ago, making the number of fat cattle to be marketed from middle western farms during June, July and August, the smallest in many years. California is believed to have fewe.-cattle fewe.-cattle on ranges and pastures than in any recent year. Feed conditions at present are very favorable and "grass fat" cattle should be moving in good volume during May, June and July. However, there will apparently still be a demand for quite a few grain-fed grain-fed cattle to supplement supplies from the range. It is not possible to accurately predict pre-dict the future trend of market prices, pric-es, but it is reassuring to cattlemen to realize that there certainly is no statistical over supply of cattle for summer marketing. If market supplies sup-plies can be moved in an even volume, there is every reason to believe that that market will continue to hold its present firm price levels, although we may expect the usual fluctuations according to the quality of beef material ma-terial consigned to the markets. o |