Show r za 77 4 live sto ck all sit U C t I 1 0 ar J los angeles june 6 the cattle market is featured by a beat city ot of the better grades of grain fed steers and heifers heffers hei fers which are now in very active demand at prices that le ie present a substantial premium above grass fattened stock scarcity of fed steers is the direct result of the dedous decline in fed steers wl ach ish took place last december and 4 f iry ry good anti anil choice grades of 0 f fed steers have been selling on the los angeles market at to against a range of to tor for the general run of grass fat steers it is usually the result that after a serious senous decline in cattle prices pi ices feeders are discouraged and do not make usual replacements it Is the old story so often noted in livestock feeding when everyone is discouraged seems to be the best beat time to consider feeding but the best rule beedia to be to consider livestock feeding primarily as a means of selling the crop chopi that are produced on oil tarra farm or ranch it Is the speculative element that generally genei ally loads leads to financial losses tor for all concerned no one can actually foretell livestock market prices very tar far in advance we may all have ideas based on oil probable supply ind and demand but there are many elements that enter into the price of 0 livestock livestock feeding Is no more moio speculative than any other tanning farming or busl neis operation as long as it is considered as a year in and year out business proper and efficient feeding practices should servo serve primarily as a means of 0 deciding what the grower will get for his feed and grass crops summer markets on essential live stock feeds are the lowest in 1 some me time due to good crops and to favorable crop prospects in most moat sections of the country particularly barly in the middle western corn belt A very large wheat crop Is indicated ail and d wheat prices have dropped to levels that thai make wheat attractive as a livestock teed feed we may expect to see a considerable increase in all forms ot of livestock feeding it if present favorable crop prospects materialize |