Show liv ato C i situ a tiong k ui ruf 10 LO angeles union stock yards oct 12 decline in hog prices durins the cie early part pait of 0 october were not sil pi us as the usual seasonal trend Is towards lower values during the lie all season prices paid tor for hogs rape ent a very favorable return on oil giacin fad and it seems logical to assume that tile the ratio may continue on oil a aiila fairly favorable basis due to tile the fact that hog numbers are aie still considerably sider ably below normal A man who ha lias 4 just jast returned turned le from aiom the middle west says that hog feeders are mole moie than satisfied with tire the present marlet situation it will lie be recalled that for wany many years hog feeders con ideres a fair price for hogs to be about 12 times the lie price pi ice of corn thus with goe corn coin in the middle west it would mean that somewhere around 6 a cwt cat would represent a satisfactory price during september ber with best hogs selling in the middle west at around 9 a cwt cat this meant a return of about a bushel on oil col coin 11 there is some revival in the export demand tor for pork and lard and if we are to lajoy a period of 0 i caco cace in world affairs undoubtedly this demand would be stimulated storage stocks of pork product products pio ducts lie ale con coll sider zd below normal and thel e should be a very broad buying of hogs for or storage purposes purposed it if prices decline to any great extend but the alie tact fact la is most members of the trade are aio inclined to look for or a fairly sails factory market situation and possibly some improvement in demand i if consumer buying power continues to lin improve A good many california cattlemen are arc inclined to stock pastures and anges with partly due to the fact act that a good many stocker and feeder aeder steers which usually come west are nov no going east to the corn bit and partly because there has been a more mole stable outlet for or than for or steers A check of 0 prices paid on oil the los angeles market during the past ear or so indicates a remarkably kably stable price situation on cows and heffers heifers hei fers while prices of 0 all grades of 0 steers and particularly tile the better grades have fluctuated considerably it would not surprise many people in the trade if we should have some tiling thing ot of a scarcity ot of good quality steers through 1933 1939 for there ip ap pears to be a definite move on tile lne pait of many cattlemen to with sin stock as a more moia conservative speculation los loi angeles lias has always beon been be on a good cow market but it is to le be hoped that the bettor better beet beef pio pin grain will not bo be retarded by too great a swing towards the lower costing grades and classes |