OCR Text |
Show Beef Outlook Favorable In Western States The present number of beet cattle in the UU S'. is favorable to the beef cattle industry, also the long time outlook for cattlemen in the Western States is quite favorable fa-vorable even though the numbei cf range cattle will probably increase in-crease during the next few years. It is not expected that the num-br num-br cf cattle in-, the United States will increase to the same extant as in previous cattle production eye1 -jj An mmproved business situalicn may be. ixpected and thire is a growing demand for market cattle on the Western Coas' These fr.vorable factors will tend to offset the depressing effect of increasing numbers. Should a heavy liquidation occur this year it will tend to improve the price situation during the next few years. The sharp drop in cattle pr ces during the first hall of 1331 was due largely to the falling oif in consumer demand, tmce the supply sup-ply was but little cifferent than dur'.ig the first half of 1930 This drop carried the level of p.-ices tor all kinds of cattle to the lowest, low-est, level in nearly 20 years. Since reaching the low roint early m June prices of all kinds of cuttle cut-tle have made a rather ma-.-fced recoveiy and it . is probable that the low point then reached will be the low for the present depression and also for the present catil? cycle for most kinds of cattle Prices for range cattle this fall will be irtluenced by the gene.iul business situation wlvrh is somewhat some-what uncertain at this time, but which will not likely show material improvement before most of the western cattle are marketd this fall Favorable factors in the rang" cattle price situation are pro-jnects for a inrgc supply of feed m the middle west and no burdensome supply cf feeder cat-tie. cat-tie. Although the number of range cattle has increased .me durin j fhc past tin ee years, the increase is small and we are still near the bcttom of the beef cattle cat-tle production cycU. The local der r-r.o. for feeder car'Je to be fed in the Western States is expected to be less this year in many aieas. due to the decreased feed supply. f;orr.e liquidation may take place because be-cause of the drought and tlv: financial fi-nancial situation and this wi'.l have same elTect upon cattle prices. |