Show ll 11 1 I 1 livestock ve S to r i i te Situation ts t U tion 1 gi JA i released by united service bureau LOS ANGELES august 16 1927 the last census of beef cattle shows cattle in the united states states being less than previous census this is significant in view of the present population of people in the united states and constantly increasing in the face of the decreasing number of cattle the bulk of this decrease is in western states although smaller decreases are noted in the northwest california has hogs on tile the farms at this time as compared in ill 1920 with hogs in spite of the fact that in 1910 california producers received an average of mt for hogs and in 1925 1241 cwt cat california hog producers received substantially ly more last year for the product than the average for the united states which was 1100 per ciet cwt despite the fact that california is furnishing only a small percentage of hogs required to meet local demand for pork and pork products the state leads in hog production for the west being followed by colorado montana and idaho A substantial percentage of pacific coast hog requirements are met by middle western supplies but the attractive differential in favor of western hog producers is moving the line of hog production westward and it is only a question of time until the we western aern supply will meet the western demand which would be an ideal situation from an economical standpoint recent bulletins of the federal reserve banks contani a more optimistic tone so far as agricultural sect sections ioS are concerned early marketing of wheat brought a new influx of crop money which resulted in the rediscount rate lowering from 4 per cent to ma 5 per cent and has strengthened the position of country banks and brightened the prospects of agricultural sec sections tiong with reports of instances of farm and livestock loans being paid off before maturity and interest rebated another federal reserve bank points out that the yield of small grains is less than a year ago but that the rising prices on oil this commodity to a large extent will offset the lower yield figures show that while the gross income on farm products for the fiscal year ending last july was less than for tile year previous the income for livestock was gi greater ater the country over for the year fa banners received around twelve billion dollars dollan for farm products showing a decrease of one half billion while for the same period farmers and ra ranchers received for their live aock marketed or a gain a of f 4 the decrease in in general farm farin products awl and the increase in livestock income again proves the wisdom of a few head of livestock on every farm in the interest of a profitable diversification and the all important solving of the problem of maintaining soil fertility uty domestic beef consumption was higher per capital in 1926 than any previous year less was exported but the number of cattle slaughtered under government supervise super was heavier than any previous year with the exception of 1918 and nig 1319 which of course was accounted for by the heavy export during those years yean A constant decrease in hog receipts at all public markets has been noted since 1923 when hogs were marketed and this dwindles until 1926 when were marketed in 1924 1921 the corn shortage was the beginning of this decline in n numbers bera marketed and tile the low price of corn during 1926 naturally resulted from the heavy decrease in hog production through curtailing the outlet for corn through pork channels however re i are regaining g their volume an and present prices should serve to stimulate production providing it is not curtailed by the higher corn levels noted in thelast the past few weeks |