Show lives luk situation situ a L ion los angeles january 8 1936 livestock markets at the opening ot of the new year give assurance of stability and an underlying strength that Is very welcome to the stock wan nan the cattle market at los angeles advanced towards the close ot of the year and the upturn in values was continued during the first week of the new year the rank and file of short fed steers are now selling at to with the better grades of fed ed steers quotable upwards to or better prices at this writing stand fully 2 cents a pound higher than at the outset ot of 1935 there has been some strength in the hog market despite the general assumption that supplies ot of hogs lor for market will show a gradual increase during 1936 grain fed hogs ot of desirable market weights averaging around pounds are selling at this time up to 1060 a cwt cat as compared with an extreme top of 0 a year ago the tat fat lamb market also Is in strong position with good to choice fed lambs now quoted on the los loa angeles market at 1000 to 1050 a cwt cat as com compared with to a year ago continued dry weather in california la is causing concern to the cattlemen especially in central and southern california rains raina over the holiday perlo period d have materially benefit led pastures and ranges in the coast section and most moat of 0 northern california however lambing was conducted under very favorable weather conditions in most parts of the state and new crop lambs are making very satisfactory progress in most of the large lamb raising areas it la is probable that california will have the largest crop of early lambs I 1 in n several years in tact fact one of the largest lamb crops in the history of the state the strong position of the lamb market and likelihood of a shortage of fed lambs in the colorado and nebraska areas gives some promise of a very favorable marketing season next spring for the california early lambs while there are more cattle in feedlots teed feed lots in california than at any other time in the history of the state it Is not believed that numbers of fed cattle on the pacific coast will present any marketing problem as this area generally draws from a very wide territory during the winter and early spring months however with around cattle on pasture ln in the imperial valley and a goodly supply of grass cattle on california ranges some breaking down of 0 values in april way may and june would not be surprising on the other hand the pacific coast la consuming un enormous amount ot of beet beef and continued improvement in industry and business conditions should provide sufficient purchasing power to absorb the california cattle supply at fairly satisfactory prices it isbeller ed by members of the trade |