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Show I' PACKERS BELY ONBY PRODUCTS Influence on Livestock Prices' Is Shown By Chicago Publication How the value of by-products of ! racking houses influences the price of livestock is set forth In the following, I editorial from the Chicago Drovers ! Journal of August 20: The influence of the value of by-rroducts by-rroducts on prices of live stock hns been talked about a great deal, still is little understood. ttecent uwciiusj in hides and wool hao been a potent market Influence, and we are Indebted to Swift & ( o for the following figures. fig-ures. We have no way of knowing that thev are exactly correct, but It is not difficult to figure close enough to I know that tne cannot oc im wiunb. Comparing the weeks ending Aug. I, 19 1 f. and Aug. 7, J.'.J0. It is said th.it western ana Colorado cattle at $11.00 per cwt. this year produc d dressed beef at the same cost as steers of the same class that cost on toot fiS.!6 p . CWt. last year. The decline in by-product values Is equivalent to iJ.13 per cwt. and the increase in handling charges amounts to 23c per cwt. making a difference of 2 . 36 per cwt live. On lambs, those costing on foot J13 60 per cwt- this year produced dressed carcasses at the same cost as those of tne same class costing $17.96 per cwt- l:ust year. The difference herc is deelino In hv-produvt values 54.36 per cwt.. In-creasy In-creasy in handling charges, 10c per cwt As compared with a year ago, hides have dropped from about 43 to 24c and oleo oil from 28 to 13 Vic, accord-j lr.g to market reports. And everybody knows there has been a big drop In i ! wool. j The foregoing Statements are supported sup-ported by flie following extract from : the federal bureau of markets' weekly report, August 19, 1920: "The top to-, day on nutives was 12.00 and the( bulk sqld at $10.50 to $11 50. quality! and condition of native offerings be-1 lng very ordinary, with coarse buck;." stuff showing up in profusion. "Cull natives are holding fairly, 6teady at $7 60 to $b.00 mostly big discount from fat lambs, but one no' so surprising when the sharply lower! values for pelts and offal than were! current a year ago arc- duly taken Into account. Indeed, when it is taken Into, consideration that 3!.o per ll de- H crease in the credit value of pelts and H 1c lb. decrease in the credit value of! J offal from this time last year makes a H $12 .'ki lamb much in tin H cuss us a lamb costing $17 at this time H last year, the depressed condition of i the sheep and lamb market at present' I is to a considerable extent explained." H We are glad to pass this information I along, and hope that the packers "in Hj continue to put out their explana- 1 tions of market changes, not only at times when the market is declln.ng, Bl but also when It is advancing. B The packers are beginning to realize! H that it is a k i" l Inislni Hl the producing public some real facts i H about their business, ami farmers H ?hould meet them half Waj by Study- H inx and analyzing such statements as I are presented fm time to time. j H OGDF.N LIVESTOCK MM'.KIT. H Cattle Receipts 72. choice heavy H Cattle Receipts 16; choice heavy I sit era Ss 00 4? 9 00; good steers $7 00 j l 6j8.00; fair steers $5 00E 6 50; choice! H feeder steers $6 00 $7. 50; :holco cows I and heifers 16.0007.00; fair to good I cows and heifers J4 . 00& 6 . 00; cutters 1 $3. 00 fi 4.60; canncrs $2 00 fa 3.00. choice feeder i 0 fat I bulls $4.00$ 5.00; bologna bulls $3.00 C 4,00; veal calves $9 00 "ft" 10 50. II . Hogs Receipts none: choice fat hogs: 175 to 250 lbs.. $13. 506 14 10, bulk of sales $13 . CO i 13 . 85: feeders $11 00 'n 12 00 Sheep Receipts 108; choice lamb'? j $9.00910.50; wethers, $6.0006.76; fi i b, $5 00 j $h 00-fi 9.00. 1 rriwils Herrington & Herrlngton. Salt LaKeJ I carload of bucks; M s .Marriott. Soitf I Lake, carload of bucks Parley, Ander- H I son, Coulam, Ida , 2 carloads cattle. I OM Ml A 1 l BSTO( Iv. OMAHA. Neb, Sept. 1. (United H States Bureau of Markets, i Hoga j I Receipts 3000. market generally steady to 16c higher; bulk ?n I 14.75; top 115 Cattle Receipts 2-10; market om-j om-j I pared with week ago: Beef c nd butch -1 er cattle Steady to strong on corn fed J steers; others steady to 25c lower ; I 1:u11h steady; veals 50c & fl oo higher; j Btockers steady to 25c higher, feeders, j I 25 to 50c higher Sheep Receipts 1500; market eom- 1 pared with week ago Lambs Bteady; I sheep 15 ft 25e lower; feeding grades I C.i to 50c higher bbss I M |