| Show N monthly livestock L letter e ua by J A mani mcnaughton aughton general manager los angeles union stock yards company october 1 1927 the general cattle situation throughout the country is fulfilling credic easing up of the situation during the movement of grass gras s cattle the foreign element of dual mar methods in california usually brings about an uneasy feeling on the market which proves costly to the industry in the state one of the principal evils of this uneconomic practice is the holding of range cattle after f ter i they are ready to move with consequent loss to be absorbed at the end of the season by the producer through the creation of an oversupply of common kinds and a shortage of the right quality another feature in this direct shipping is that prices in tho the country are arc always based to a large extent upon values set at the open macket which in reality is a yardstick by which livestock values are measured it natum naturally lly follows that when the common grades come to market the price levels mahich are arc quoted are deceptive anti and country prices for the better grades of cattle naturally reflect this another element which has entered the trade this fall which has not been experienced in the past several se varal years is the turning to the country by many packers to secure supplies of cattle direct through the fear of xa impend eions of continued and stability in all branches branch eq AI aa is usually the case at this season of the year locally the end of the marketing of grass cattle brings almut about an ing shortage of supplies this is is virtually a repetition of what hm haa happened in the purchasing of hogs throughout the country as the natural tendency on the part of has always been when they felts felb that a shortage was eminent to take purchasing activities as near the source of supply as possible the wisdom of this policy is is open to debate of course as the theory theary would be that birthe supplies were a af lowed to move through their natural channels at the open markets the buyers would all have an equal opportunity to purchase their requirements attrice at price levels governed by supply Y and demand and the producer on alil other hand would receive the benefit of competition for his product ay as against selling at prices dictated by a buyer calling at the ranch the producer has suffered to some extent in the past few weeks gfa glib the above situation as through direct buying activities for a period certain classes of cattle opre were not available orr the market and when cheze cla classes ze z were brought to the market arket they met with the situation that many packer sr sf lots were full of direct ship shipment menU thus removing their buying power powen from the open market for this reas rea son temporarily prices were dedreu sed below prices at which direct shimp merits ments were auzelia purchased sed thus penalizing ing the producer and on the otaker hand through the turning of beef into the trade channels at the prices bf edw the levels which conditions would ijjas 1 tiby the packing industry sun brellos ses through having to market their higher priced direct cattle in c competition with the lower priced off hangs during the period ment mention ionNI el tle tc supply at the open market in Is ioa oa 03 an geles ha haa been less every week than t i the volume required to meet local packer requirements this proves the fact that the situation could not be attributed to the visible supply upon the open market but rather to the invisible supply arriving direct to pack era eis this is well illustrated during the movement of feed lot cattle from december to may each year when concentrated cent rated buying power at the market and well gauged supplies T properly coordinated with tire the demand result in the minimum of fluctuation fr price I 1 i levels it can readily be seen from this thi afia from an econom economic de standpoint direct purchases in the past few weeks N have resulted in both the producer and uie the packer sustaining financial losses which could easily have been avoided had the entire supply of cattle been permitted to move through its natural channels at the open markets on the pacific coast where the natural laws of supply and demand are permitted to function in in an unhampered marmer manner this situation of course Is 1 righting itself and as soon as aa the direct shipments are out of the way the i trade win will to normal and every indication points to a 3 continued strong undertone to the te cattle catt market al trough anany ay iy shockers erv and feeders feed ers are going out at may appear to be b high prices price still with everything taken into n if tire the proper balance is bintai nin tai ad irr in distribution it bovid deemi that these cattle could be returned to mardat at a i fair cattafe camtre te higl lug feest mst pukes paces ever paid for grass cattle at the los angeles union stoat yards yara were durf during the of september out outstanding events event s the 1 lionte were abe sharp upturn in at 33 classes of cattle with slightly sm allta manke tings than a yeaL ye arago rago steers carrying considerable weight were most n sought for and am show showed edthe the st gain of f cattle from the die states increased over the previous indicating faatu market irig season odthe of the cattle is well under way arizona sp supplied plied a good goad portion of the mantas receipts with a large larg part of lof these being bein stock cattle prices on both i tes and rid she stock advanced generally buc to the fore part of the alj manth but with an influx of plain naif fat cattle towards the close some of this advance was lost but the geneval trade figures it only a tem horary setback the in between grades of cattle as is the general rule suffered most in the recent decline but closing prices still range considerably higher than a month ago the high mark for the month in load lots iota was 1035 this price taking in in a car 0 of f 1298 lb although a small lot of iv weighty eightY idaho made 1050 several other loads load of Cali fornias anti and steers from the intermountain states cashed from 1000 to 1025 while the bulk of medium and good steers went over from to 1000 several loads of bulloc bullocks from the imperial valley sel ling from 87 8 7 to with ith the top kinds from that section scoring good weighty stems steers weighing above 1150 lb were still quotable from 1025 to 1050 with choice kinds still higher common steer 4 including light Alexi mexicans cans from arizona and the imperial valley cleared fronz front to with very thin kinds lower several lots of steers for fee feeding dirig purposes pose 5 went over from TW to half a load of choke choice 6 40 lb heifort topped lopped for the month at 9 25 while good keifer were nume numerous roun frow from to 8 including offerings from the intermountain states calfio california 1153 and arizona good cowa cow the fore part of the month tapped at while loada were ere numerous ariam to common and medium lands cashed mostly from to with canners and cutters most liberal from to dairy type ca cows ws for slaughter fluctuated sharply dor ing the month with the majority selling from to althou although gho strictly good weighty kinds were numerous e up to with a few individuals higher quite a few range bulls were marketed during the ane mo month i nth aith prices running a long along on ratler a an n even keel good beef balls were numerous from GOO to with a few fri higher while tha th gb general berar run of bologna bolo gnas cleared from 5 25 to this q price taking the majoy ity of range offerings while thin kinds on the cannery canner order sold as low at cali calves the bir big majority of calves arriving in los angeles at this time tle of the year are from the southwestern states of arizona and new mexico mostly arizona while a ev still arrive from california with occasional loads coming from the intermountain states demand has been consistently active for calves especially good and choice lightweight light weight kinds closing prices ran ranged ged generally to higher than a month ago local milk dealers in small supply sold mostly frore 1200 to 1300 including a load ov 0 T choice lb ab weights at 1250 other loads of choice calves sold from 1175 to 1200 while the bulk of south westerns we sterns averaging to lb went over from 1050 to 1150 mostly around 1100 plainer kinds sold do dov n t to 0 while common and medium cives calves including heavies were most numerous from to very thin kinds and e extreme heavies sold as low as hogs closing prices were generally to higher than last months close but around to lower than the high time during september when choice butchers topped at 1425 the highest prices paid for butchers since january top butchers at the close were selling around 1300 with mixed offerings one rings and medium weights down to 1200 the price margin of around over the missouri river top was well maintained during the month pack packing frig sowa so wa fluctuated in line with butchers the majority at the close selling front from to with smooth lightweight kinds tip ap to 1000 sheep rather jaroad demand cleaned up closing iamb price showing the months supply read readily ily with gains of to while no ewes were off entered theme there was wai co considerable inquiry and the trade quoted this class fully higher two decks of choice 68 lb imperial vally valley lambs lamb at the close brought 1350 without a sort while naif hate a creck deckoff of good QT ib new alexi cos went over for 1300 with the culla culTa nd hd con porfirii corfi M rii afi on end averaging 52 lb ib at t 1000 app d ana and choice ewes were q quoted from to with common and tedium kinds from 1 to GOO goa with culls cuir jon down jo n to MOO r wool wooi the general finder undertone tone to the mar marr ket continues firm with slight in i crease 9 an in both foreign and domestic wools bein being 9 pa cored red during the past month manufacturers were resisting any advance but were forced to use cheaper grades of materials in an effort to stem the rising tide of wool prices predictions are that wool should maintain high levels throughout the most of next year |
