Show stocal situation e oil livestock markets have been slow to benefit fro from i alie the general improvement hl which has taken place in business conditions yet the undertone of the market ap appears e ars to be healthy begeal thy and optimism as to the future has taken the place of more pessimistic thoughts pervading the industry earlier in the year it seems fair to presume that with the success of efforts to get people back to work there will be greater buying power and a better j eunity for higher livestock prices Sheep men have been the first to benefit from higher commodity prices fat lamb shave have been selling during the past three months at prices well above the extreme low levels of 1932 for example choice lambs are now quoted on the los angeles market at 6 BO to as compared with to 6 5 BO 50 a year ago it must be understood however that the higher lamb and wool prices are the direct result of greatly reduced supplies the outlook seems bright for future market in view view of government estimates of sharply reduced market supplies during the fall and winter due to drouth conditions in a most of the range country it is believed that thero there will be a larger percentage of feeder lambs than usual the cattle outlook does not appear to be so bright as supplies of cattle according to government authority are likely to be larger in the fall of 1933 than last year there probably will be fewer choice beef cattle fl out of feedlots feed lots but a larger percentage of the common and medium grades there is also official opinion that L there here will be a larger percentage of cows marketed this fall than a year ago it therefore appears that the cowman must depend upon greater buying power and general improvement rn ih business conditions for higher prices as the statistical position of the beef situation is not so favorable as is the case in the sheep industry the shortage of grains and hay in the middle west may be eap exp expected acted to be a bearish factor on beef values in 16 the immediate future as it if is probable that a larger percentage of range cattle will be forced into immediate retail channels channel than normally nor is the outlook for better hop her prices too encouraging just now official figures showing hog slaughter under federal inspection show that the slaughter from may to july inclusive was the largest for that period on record it is sincerely hoped that the gavern governments ments campaign to take out of P production ro a million sows bows and four million young pigs may pave the way t for better hog prices next winter and through 1934 producers have until october first to move these young pigs and sows bows to the government western hog growers who wish to sell pigs or bred sows bows to the government may ship to the los angeles market but first must have a permit to ship from a bonded commission firm |