Show th the livestock situation by bir J A mcnaughton the US US Deil department ariment of agriculture el altar 1 I 1 shows recel receipt pt and di disposition silos it foil 0 of f livestock ati OT 07 public stock aars yards for compared i io 6 W ay as follows onte cattle receipts show a decrease of or 7 per cent slaughter decreased of 6 per cent Calf receipts show a decrease of or 00 per cent slaughter decreased or per cont cent hog rec receipts elpis increased 2135 ill or r 94 94 percent per cent slaughter increased on per cent sheep and iamb receipts increased or 2 peri pen ent cent slaughter increased or 67 57 per cent the difference between receipts and slaughter on oil hogs cattle and calves rah es represents stockers and feeders and transit shipments based on the 5 year average 1933 to 1937 a deC decrease in cattle ile receipts of or 96 per cent leilh slaughter hujter or per bell cent calves snow a decrease in receipts of or 47 per cent slaughter decreased or f per cent hog receipts decreased 3 or per cent decrease in slaughter 2664 or 13 per cent sheep and lamb receipts d decreased deceased or 04 04 par per cent Pla pl aughter tIghter increased or 01 per cent per cent ot of cattle per wit cent of calves 08 per CODE cent of 01 hogs and per cent of sheep and iambi wore were fliri venor or trucked in tha 5 year takes in in pies and davs sows cattle and calves disposed 1 I I 1 of in emergency hog production control program and ired F ed eral surplus relief activities the 1034 figi figures tres include purchased for federal pur surplus plus relief corporation figures do not hike into consideration tho the rather extensive nt interior points baliti but I 1 believe we can decide decide that hint for the year 1038 1938 there was 11 nl ile crease in the na slaughter of cattle and calves calvel aind and 4 n increase in the alio slaughter of hogs sh sheep beep and lambs compared to 1837 1937 students of production wid marketing feel that increased pork supplies at current prices are ard materially teri ally affecting tile the amov movement ement of beef and veal local interests I 1 feel definitely tile the shit ting of trade and ae are it difficult to beef and veal fit at present lf price levels I 1 il believe elleve we can call all agree that if the price of any one of oni our meat food supply atoo is too mill high or too low for anspro any prolonged period pei lod the housewife will turn to the lo 10 low price brackets bracke ts ment meat food ls Is a very important part of our dally diet and in order to keep it that way there must bo be a price limitation I 1 dout dont look for any big slump in cattle prices on oil the other hand the com relationship of the meat fowl food list must be reckoned wa with tb my judgement jud gement Is that growers and feeders who are holding back their supplies plies in anticipation of continued price increase would do well to follow the old rule rubi ship to market w when hen ready read thus taking advantage of the presena f favorable avo rable price structure tur |