OCR Text |
Show Lrvestoclc Los Angeles, June 12, 1933 That livestock people themselves have a greater degree of confidence in the future is demonstrated by the improved im-proved demand for the better, grades of breeding stock. At the recent California Cal-ifornia ram sale, prices paid for about one thousand head of purebred pure-bred rams averaged twenty-five per cent higher than a year ago. This was the first year in the past six years that prices paid at the alt showed an upturn from the previous year. Breeders of purebred registered register-ed beef cattle also are demonstrating their faith in the better times, as evidenced ev-idenced by the greater demand and higher prices paid at recent auction sale of registered ereford bulls. The truth of the matter is that we probably never again will see vaules of livestock as low as prevailed earlier earli-er in the present year. Far-sighted stockmen are taking advantage of present breeding stock prices, which are still, relatively low, to restock their ranches and build up on a better quality basis. That there is a healthy undertone in the livestock markets becomes more and more apparent to students of the trade. Hide prices are now the highest since midsummer in 1931. The price gains on the Pacific Coast represent an increase from less than 3 cents a pound to better than 10 cents a pound. On the basis of seventy-pound hides on the average 1000-pound steer, this means an increase in-crease in the. value of the hide alone of $5.00 per head ,or one-half cent a pound on the live animal. Operators on the Los Angeles market mar-ket are optimistic as to future price trends, particularly on cattle and lambs. It is an admitted fact that supplies of fat cattle and fat lambs within the normal Los Angeles trade territory are far below actual meat requirements and it seems apparent that during the next sixty days, Los Angeles packers will draw from an ever widening territory. There is talk just now (hat Missouri river markets are likely to get active com-petition com-petition from the Pacific Coast for good quality young stock. Those who uphold this view point out that choice young steers and "baby beeves" are even now selling higher on the Los Angeles market than at Chicago. During the past week, it is interesting inter-esting to note that the best quality hogs, lambs and steers sold higher on the Los Angeles market than during the same period a year ago. |