ALFALFA MOVEMENT LIGHT.
Alfalfa.—The movement of alfalfa from Kansas and other Southwestern States was comparatively light, as the second crop of alfalfa was much smaller than the first because of the hot, dry weather which recently prevailed in that territory. The shortage of water in some sections will also probably cause a lighter yield of the third crop so that producers are not inclined to sell their stocks at prices unsatisfactory to them. Kansas City reported a more active demand from the cotton belt as well as from the local dairy trade.
Advances in prices for all grades were reported from Los Angeles where receipts were light. Choice rabbit hay sold as high as $25 per ton. Receipts at San Francisco were heavier and prices were much lower than at the southern market.
Prairie.—Prairie hay constituted the bulk of the receipts at Minneapolis and Kansas City. Dealers and consumers who had accumulated large stocks of hay in expectation of a curtailed supply because of the rail strike were not interested and the market ruled dull. The stockyards offered the principal outlet at Minneapolis. Country supplies of prairie were reported heavy and little improvement in the market was expected.
Straw.—Receipts of straw were light but equal to the demand in most markets. Some old rye straw was wanted in eastern markets. There was an oversupply of wheat straw at Chicago. Current quotations were as follows: No. 1 wheat—Boston (old) $19, Baltimore $12, Pittsburgh $13.50, Chicago $9, Cincinnati $10.50, Richmond $12; No. 1 oat—Boston (old) $20, Baltimore $12.50, Pittsburgh $13.50, Chicago $11.50, Cincinnati $10.50; No. 1 rye (straight)—Boston (new) $30, New York (new) $22, Baltimore $30; No. 1 rye (tangled)—Pittsburgh $13.50, Chicago $13, Cincinnati $11.
MILL FEED MARKETS DISPLAYED WEAK TENDENCY DURING WEEK
Heavy Production of Wheat Feeds Cause of Rather Large Accumulations—Alfalfa Meal Firm.
The mill feed market was in a weak position during the week ending July 29. Increased production and offerings of the more important feedstuffs with no material improvement in the demand from principal feeding sections resulted in an easier feeling and lower quotations, especially for bran and cottonseed meal.
During the early part of the week the market held steady, but as soon as production figures became more generally known buyers turned resellers and endeavored to realize profits on their long contracts. During the last few days of the week trading was practically at a standstill, with sellers anxious to dispose of nearby shipment stuff. Stocks in hands of interior dealers were thought to be fairly good for this season of the year and advices indicate that they are being disposed of only slowly. The movement was fair.
Wheat mill feeds.—Bran was easily the weakest of the wheat mill feeds and on heavy offerings declined to $14 in the Minneapolis market. Standard middlings and the heavy wheat feeds held slightly better, flour middlings and reddog of ordinary quality commanding $24.50 and $29.50, respectively, in that market. Production in southwestern and northwestern mills increased substantially and an easier market prevailed. Most of the markets quoted bran $1–$2 lower than last week. The movement
(Concluded on page [116], column 2.)
| CARLOAD PRICES OF HAY AND FEED AT IMPORTANT MARKETS, JULY 29, 1922. | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| [In dollars per ton.] | ||||||||||||||||
| Boston.[[31]] | New York.[[31]] | Philadelphia.[[31]] | Pittsburgh.[[31]] | Cincinnati.[[31]] | Atlanta. | Jacksonville. | Memphis.[[31]] | Buffalo. | Chicago.[[31]] | Minneapolis.[[31]] | St. Louis.[[31]] | Kansas City.[[31]] | Los Angeles.[[31]] | San Francisco.[[31]] | ||
| HAY. | ||||||||||||||||
| Timothy and clover: | ||||||||||||||||
| No. 1 timothy | 30.00 | 30.00 | 25.00 | [[32]]24.00 | 17.00 | 24.00 | 24.00 | 21.00 | 19.00 | 21.00 | 17.50 | 14.50 | ||||
| Standard timothy | 29.00 | 24.00 | 22.00 | 19.00 | 16.50 | 16.50 | 13.00 | |||||||||
| No. 2 timothy | 26.00 | 27.50 | 23.50 | 19.00 | 16.00 | 22.50 | 20.00 | 18.50 | 17.50 | 16.00 | 16.00 | 15.00 | 11.00 | |||
| No. 1 light clover, mixed | 28.00 | 23.50 | 19.50 | 15.50 | 22.50 | 23.00 | 18.50 | [[32]]16.00 | 14.25 | |||||||
| No. 1 clover, mixed | 23.00 | 24.00 | 17.00 | 14.50 | 22.00 | 12.00 | [[32]]15.50 | 12.00 | ||||||||
| No. 1 clover | [[32]]16.00 | 14.00 | 12.00 | [[32]]15.00 | 11.00 | |||||||||||
| Alfalfa: | ||||||||||||||||
| No. 1 alfalfa | 17.00 | 25.00 | 24.00 | 22.50 | 20.00 | [[32]]18.00 | 16.00 | 19.00 | 16.00 | |||||||
| Standard alfalfa | 16.00 | 23.50 | 19.50 | 17.00 | [[32]]16.00 | 14.00 | 15.00 | |||||||||
| No. 2 alfalfa | 14.00 | 22.00 | 17.00 | 15.00 | [[32]]13.00 | 12.00 | 12.00 | |||||||||
| Prairie: | ||||||||||||||||
| No. 1 upland | 19.00 | 16.00 | 11.25 | |||||||||||||
| No. 2 upland | 17.00 | 15.00 | 9.50 | |||||||||||||
| No. 1 midland | 16.00 | 12.50 | ||||||||||||||
| Grain: | ||||||||||||||||
| No. 1 wheat | 19.00 | |||||||||||||||
| No. 1 oat | 21.00 | 18.00 | ||||||||||||||
| FEED (bagged). | ||||||||||||||||
| Wheat bran: | ||||||||||||||||
| Spring | 23.25 | 23.25 | 22.25 | 22.00 | 21.00 | 24.00 | 24.00 | 18.50 | 20.50 | 17.25 | 14.00 | |||||
| Soft winter | 25.00 | 23.25 | 24.00 | 23.50 | 21.50 | 24.00 | 21.50 | 14.50 | 40.00 | 37.00 | ||||||
| Hard winter | 22.50 | 22.50 | 21.00 | 24.00 | 20.50 | 17.00 | 16.75 | 14.25 | 36.00 | |||||||
| Wheat middlings: | ||||||||||||||||
| Spring (standard) | 26.50 | 25.50 | 25.50 | 24.50 | 24.50 | 29.00 | 26.00 | 21.50 | 20.00 | 17.00 | ||||||
| Soft winter | 32.00 | 29.50 | 28.00 | 32.50 | 30.00 | 24.00 | 22.00 | 46.00 | ||||||||
| Hard winter | 30.50 | 28.00 | 23.00 | 21.50 | ||||||||||||
| Hard winter wheat shorts | 29.00 | 28.00 | 25.00 | 23.00 | 23.50 | 19.50 | ||||||||||
| Wheat millrun | 26.00 | 18.00 | 36.00 | |||||||||||||
| Rye middlings | 26.00 | 25.00 | 23.00 | 20.50 | 15.50 | |||||||||||
| High protein meals: | ||||||||||||||||
| Linseed | 49.00 | 48.00 | 48.00 | [[32]]48.50 | 47.10 | 54.50 | 44.50 | 46.50 | 45.00 | 50.00 | 58.00 | |||||
| Cottonseed (41%) | 44.50 | 43.50 | 43.00 | 44.00 | 44.50 | 50.00 | 47.00 | 44.50 | 48.00 | 49.00 | ||||||
| Cottonseed (36%) | 42.50 | 41.50 | 41.00 | 42.00 | 41.00 | 38.00 | 42.00 | 36.00 | 41.50 | 46.50 | 43.00 | |||||
| Peanut (36%) | 31.00 | 49.00 | ||||||||||||||
| No. 1 alfalfa meal (medium) | 25.00 | 30.00 | 22.50 | 23.25 | 22.00 | 18.50 | 26.00 | |||||||||
| Velvet-bean meal | 32.00 | |||||||||||||||
| Gluten feed | 35.20 | 35.35 | 34.95 | 33.75 | 32.00 | 38.55 | 33.75 | 28.85 | ||||||||
| White hominy feed | 32.00 | 31.00 | 30.50 | 28.50 | 29.00 | 29.00 | 29.50 | 26.00 | 25.00 | 22.00 | ||||||
| Yellow hominy feed | 31.50 | 30.50 | 30.00 | 28.50 | 28.50 | 29.00 | 25.00 | 21.00 | ||||||||
| Ground barley | 33.00 | 31.50 | ||||||||||||||
| Dried beet pulp | 51.00 | 33.00 | 53.00 | 48.00 | 36.00 | |||||||||||
Seeds
MOVEMENT OF ORCHARD GRASS SEED SLOWER THAN IN 1921
Thrashing Not Yet Completed in Many Sections—Quality This Year Better than Last
The movement of orchard grass seed is even more belated than last year despite the fact that it was harvested earlier. In some sections but little seed had been thrashed up to July 25 and in other sections thrashing operations were in full swing or nearly completed.
As was pointed out in the June 24 issue of Weather, Crops, and Markets, the 1922 crop is much larger than that of last year and sales were somewhat disappointing this spring. These factors along with others have tended to cause dealers to take a passive interest in the crop and refrain from making any but nominal bids for seed held by growers.