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Show 7MjvestockLl i f"mw - 1 . 4 I.os Anj.;''h's, September 11. Livestock Live-stock markets have been slow to benefit from the general improvement improve-ment which has taken place in business busi-ness conditions, yet the undertone of the market appears to be healthy and' optimism as to the future has taken place of more pessmistic thoughts prevading the industry earlier in the year. It .-eeins fair to presume that with the success of efforts to get people back to work, there will be greater buying power and a better opportunity for higher livestock prices. Sheepmen have been the first to benefit from higher commodity prices. Fat lambs have been selling during the past three months at prices well above the ex.trtme low evels of l'Xi'2. For example, choice lambs are now quoted on the Los Angeles market at $;.."() to :?7.00, as compared with $5.00 to $5.50 a year ago. It must be understood, however, that the higher lamb and wool prices are the result of greatly reduced supplies. Te outlook seems bright for future market in view of government govern-ment estimates of sharply reduced market supplies during the fall and early winter. Due to drouth conditions condi-tions in most of the range country, it is believed that there will be a larger percentage ,of feeder lambsj than usual. The cattle outlook does not appear to be so bright, as supplies of cattle, according' to government authority, are likely to be larger in the fall of 1033 than last year. There probably will be fewer beef cattle out of feed-lots, feed-lots, but a larger percentage of the common and medium grades. There is also official opinion that there will be a larger percentage of cows marketed this fall than a year ago. It therefore appears that the cowman cow-man must depend npon greater buy-' buy-' ing prices, as the statistical position of the beef situation is not so favor- able as is the case in the slieep industry. in-dustry. The shortage of grains and hay in the middle west may be expected ex-pected to be a bearish factor on beef values in the immediate future, as it is probable that a larger percentage percen-tage of range cattle will be forced into immediate retail channels than normally. Nor is the outlook for better hog prices too encouraging just now. Official figures showing hog slaughter slaugh-ter under Federal insection show that the slaughter from May to July inclusive was the largest for thatj period on record. It is sincerelyj I hoped that the government's cam-1 paiem to take out of production a million sows and four million young pigs may pave the way for better! hog- prices next winter and through 1031. Producers have until October 1st to move these young pigs and sows to the government. Western hog growers grow-ers who wish to sell pigs or bred sows to the government may ship to the Ixis Angeles market, but first must have a permit; to ship fiom a bonded commission firm. o |