Show e lives ro ck situation it U at io anac there continues to be a very firm undertone in the livestock trade in particular on oil the better grades ot of stock this trend is true in the beet beef cattle markets on oil the pacific coast where demand is constantly broadening for or the better grades ot of beet beef that values of the good and choice grades ot of fed cattle are strengthening is a reflection ot of consumer demand a demand that is being sc ac to a great degree by retail store advertising there are many in fix the trade who look tor for increased ot of livestock from the states that are now affected by drought conditions however it is doubtful it if this forced marketing will endanger prevailing livestock values there is the assurance from washington that the federal government is ready to step in fit and buy drought livestock on lines similar to the campaign in fit 1934 but to my mind it Is of even greater importance to view the continued good demand for livestock bul suitable table to go into tood food lots in areas area where crop conditions are relatively favorable another factor which probably will prevent any undue expansion in ill the feeding and marketing of good quality beet Is the trend of teed feed prices with all grains and livestock concentrates cen and orage forage steadily climbing in price it is probable that there will be less disposition on the part of farmers to led fed heavily for the summer bummer and tall fall markets we are leaving a when feed prices were low and livestock prices core favorable this should result in further strengthening values ot of the higher grades of livestock indications are that the increase in pork production will be hampered by the higher prices of 0 grains middle western markets report a great many sows bows coming on the markets indicating a desile on oil the part of tanners farmers to realize cash income from the relatively high prices and at the same time conserve conditions it is therefore reasonable to assume that the price outlook for the hog feeder is relatively favorable tor for some time to come food supplies cut short by drought in areas where feeds and pastures are abundant the american public is colsum inga tremendous volume of beet and it is reassuring that under the huge slaughter lnig that prices are hold ns it tip P fairly well it might be noted that june slaughter ot of cattle in tile the united states was the largest on record and that the slaughter of cattle catlie for the first six months of 1936 was larger than any period on oil record with thes lies exception of 1918 the difference is that virtually all beet beef is now consumed within the boundaries of tile the united states whereas in 1918 there was a huge export trade due to the war in europe there are may factors in the livestock trade that might well cause a feeling ot of optimism on the part of western producers and feeders |