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Show Bureau Predicts Market Trends for Coming- Year The larger feed grain p'.-cduc-tiens this year will probably bring a considerable increase in cattle fed this fall and winter and in slaughter catile marketed next spring, according to a report issued is-sued by the bureau of agricultural economics. The report shows that prices of the better grades of market mar-ket animals next spring will suffer a g eater than normal decline. Top cattle prices In Chicago last mrn'.h reaches the third highest level in history, being exceeded only by tne war-time prices of 1918-19. Prices of the lower grades of animals fell off considerably last month as a result of the seasonal increase in marketings of these cattle. The market price for lower -.ade animals is expected to remain re-main relatively high during the early part of 1938, however, and because of tendency toward restocking, re-stocking, prices of heifers, cows and calves are expected to remain hifeh th oughout the coming year. The bureau's farm outlook report re-port indicates that the present seasonal drop In the price cf hogs will continue throughout the fall mon.hs. Governments economists expect a revival in prices by next spring, but, explaining that the anticipated shortage cf hogs for slauahter will be overbalanced by a decline in consumer demand, predict that 1938 prices will be iit'.le higher than those of this year. The bureau points out that, while the number of hogs marketed mar-keted will probably be smaller this year, the total poundage, because of heavier ferding, will be as great in 1933 as this year. With icgard to the sheep production produc-tion cf the country this winter, the bureau's statisticians predict that marketings of fed-lambs will increase, but that slaughter supplies of all mutton and products prod-ucts will probably be no larger than this year. Prices, because of a weakened public demand, are likely to suffer a decline early in the year. |