| OCR Text |
Show Live Stock Markets LOS ANGELES, Jan. 6, 1534 Livestock markets in 1033 averaged somewhat higher than In 1032, but were unsatisfactory to producers due to increased costs of production, largely brought . about by higher feed ctf.Ui. Western cattle and sheep operator; were kindred by generally lffr feed fcondlUons and the u.ual oillet to feeder buyers was nar-rowed nar-rowed because of unsatisfactory experiences ex-periences in feeding in the past fe years. A.s a result, more than the usual proportion of thin and half-, fat cattle and calves went directly Into channels, thus further depressing depress-ing values. Possibly the way has been paved for wimc real Improvement in livestock live-stock values generally and mast of the students of the market are oi tlmlstlc as to the 1034 beef cattle market. They feel that supplies have been reduced so as not to prove burdensome. Government estimates point to a reduced number of cattle In feedlots in western states and also al-so In the Corn Belt. There is no doubt but that the oversupply of dairy cattle in the United States has resulted in more ( competition to beef sales from dairy fitock than ever before. Government Govern-ment authorities are now considering consider-ing a comprehensive campaign to bring about reduction in numbers of dairy cattle, without throwing such stock into competition with meat tmles. This also should add some strength to the outlook. ; Sheep and lamb supplies have boon gradually falling off since the jieak of two years ago and there appears ap-pears to be a better outlook both for the sale of wool and fat 1 ambs. World numbers of sheep have been sharply reduced, which may help to 0en up old foreign outlets for American wool. It Is difficult to forecast the future hog market, much depending upon the outcome of the Federal adir istratlon's program for corn and hog reduction. The fact that about seven sev-en million young pigs were taks-out taks-out of circulation last fall should prevent the burdensome supplies that had een anticipated in the 6prlng of 1934. Government officials offi-cials are now engaged in a campaign cam-paign to bring about a reduction of hog. production for the next two years by 25 per cent and corn acreage acre-age by at least 20 per cent. The success of this campaigning should reduce supplies and bring about some upward revision in prices. rt |
