| Show CATTLE PRICES TO AVERAGE HIGHER THAN LAST SUMMER prices of most grades ot of slaughter cattle during the su miner bummer and tall fall months probably will average higher than in the corresponding months of 1936 the bureau ut agricultural economics said in its june report on the beet beef cattle altu atlon the expectation tor for higher prices Is based on prospective smaller slaughter supplies ot of cattle during tho the last half ot of the year compared with a year earlier and probable continuation ot of a relatively favorable consumer demand situation A third price supporting factor was reported to be the strong demand which Is expected to develop for or stocker and feeder cattle it if teed feed crop conditions are about normal this summer but the average price ot of all cattle in the last halt half of 0 1937 is likely the bureau said to be lower than in the first halt half ot of the year because ot of the increase which occurs seasonally in the proportion ot of cows and heifers heffers in the slaughter supply cattle prices rose steadily since last summer until april since then prices of choice and prime steers have declined lout prices of other grades of slaughter cattle have continued to rise of 0 well finished tini shed grain fed cattle this summer and fall are expected to be much smaller than usual hence some advance in prices of the better grades is probable the bureau said the seasonal decline in prices of the lower grades normally occurring in summer and fall will be less than average this year because of the prospective strong demand tor for cattle for feeding and restock ing purposes it if feed crop conditions are above normal farm hands are getting the highest spring wages in 6 years wages have increased 9 percent since the first ot of the year and are 12 percent above prewar pre war A shortage ol of farm labor has been reported east ot of the mississippi and a surplus west ot of the river monthly wages averaged 2338 with board and without board on april 1 according to reports from crop correspondents |
