Show the livestock situation As uie the old year draws to a close the livestock lestock Il industry looks back upon a highly satisfactory year luring during which prices were tor for the most part on a profitable basis food supplies were ft ere generally ample and the year closes with livestock prices generally above aboe a year ago ilog prices have anivar advanced ced sub seail bially in the closing week of the old did year carrying the top quotation on ola choice diance market hogs at los log angeles union stock yards to am a cwt cat Off official iclal U S department of agriculture ri reports indicate it a ted reduction of about 10 per cent lu in the combined spring and full fail farrow ing of at pigs in 1010 1940 with indications or of some further decline tn in hog production in the spring of 1041 1941 it is only natural that there should be a reduction don in pork production la in view of the unsatisfactory markets that have haie prevailed ailed tor for the past two years and the fact that taut wide mide publicity has been gh given en to the loss of the lite american import or t market for pork ruid and lard ii armora mill raise more hogs when it is profitable to do so no one can blame uie the american farm T it i r for cor cutting dawn on oil hog raising ft when hen hla his work results in a loss when american demand laurants larra lits market prices above aboe cost of production itu cllon and this prospect Is all parent ly now in store fur for the hoh feeder there will be anci increased eased pork production the cathlo ca ittle marlet market on oil a firm basis with a tendency to wands higher levels on the lite los loh angeles market anar keit during the light of the holiday period Modi luin to good fed steers have hae been sal readily at 9 50 to iia 10 a cat cwt and a quotation well ft ell above the latter figure probably will be realized on choice steers cheit ft hen ava a callable lia ba e there are more moie cattle reported on feed tn in the southern california urea area than a year sear ego ago but just at this time not enough cattle are ready for slaughter to meet current curlent demands the me fat lamb market continues on oil a firm basis with good and choice wooded lambs noted on the los angeles market at 0 to OW a it cwt cat the tat fat lamb market is about a cent a pound higher than at the close cloise of a 1039 1939 |