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Show TfjrvestoclO 1 r Los Angeles, July 1, 1935 The supreme court decision declaring' the national recovery act uncon-eonstitutional uncon-eonstitutional has resulted in a wave of packer suits to test the constitutionality of hog processing taxes under the agricultural adjustment ad-justment administration. In a single week, seven American packers pack-ers filed suit in federal courts to restrain collection of the $2.50 a cwt Federal pork processing tax. The outcome of these suits is being watched with intense interest inter-est by every factor in the livestock live-stock industry. It is generally assumed as-sumed that in one way or another the grower feels the effect of the processing tax reflected in the price he gets for his hogs. That being so, if the processing tax is declared unconstitutional, it would logically follow that the hog market mar-ket would be stimulated to the bencfit of the grower. A factor which has aided in stabilizing cattle prices on the Los Angeles, market is the unusually broad summer demand for feeder cattle. -About twenty per cent of the cattle receipts at the Los Angeles Union Stock yards' last week were purchased to go into feedlots. Cattle feeding is attractive attrac-tive this season because of the relatively high prices of cattle in the face of a huge supply of hay, grain and forage in California. Recently barley sales in the great grain growing valley of California havo been reported as low as $12.00 to $13.00 a ton. Grain and alfalfa hay prices also are correspondingly corres-pondingly low. Western cattle interests are concerned over the efforts to bring Argentine chilled beef into the United States. It is reported that a compact has been made between sanitary interests of the United States and Argentina which would peimit importation into this country of Argentine beef from di.-tricts declared to be free of hoof and mouth disease. It takes only ratification of the "convention" "conven-tion" by the United States senate to put over the deal but the western bloc of senators probably will prevent such a deal from going through. Conditions of western ranges generally is excellent this summer. Especially is this true in California, Califor-nia, Arizona, Nevada and inter-mountain inter-mountain country. A good growing season should be immensely valuable valu-able to the western ranges and permit permanent improvement in ; the range food situation as , the short supplies of cattle now in the i west will permit remarkable re- ecvery of natural range feeds that I have been badly injured by over-j over-j stocking. m |