OCR Text |
Show HIGHER PRICE ; I LIVESTOCK MARKET SEEN Hog Values on Sound Basis; Sheep Shortage Is Reported CHICAGO, April 13 The livestock live-stock industry lias set the pace for agricultural readjustment and Indications Indi-cations are that "it will continue to exert a dominant influence In the return re-turn of business to normal condl lions " according to a quarterly re port issued today by S. B. Stafford, president of the Chicago livestock exchange ex-change i "Hog values are on a sound ba-sis.'' says the report. ' ontinued light supplies sup-plies may be expected. Even the heralded her-alded OVersupplj next winter will hardly materialize because of the ! enormous losses the spring pig crop j has sustained A high sheep market all summer may bi rxpected on account of meager mea-ger supplies. The shortage is gen-eral gen-eral throughout the i ountry. but most acute east of the Missouri river. Cattle should sell at higher levels. lev-els. We are on the verge of a scarcity scarc-ity of beef producing animals that would have become acute before now had the depression caused an increase in marketing at the same time it curtailed cur-tailed consumptive demand The approach ap-proach of warm weather improves the outlet for beef." rn |