PRODUCERS IN MARKET.
The influx of westerns augmented the stocker and feeder supply and producers took more notice of their pasture and feed lot needs than recently, insisting, however, on lower prices except on kinds of high quality. A spread of $5.50–$6.50 absorbed the majority of stockers and light feeders at Chicago, a few heavy feeders reaching $7.50, while good feeders commanded $7.25–$7.75 at Kansas City, most of the desirable stockers bringing $6.50–$7 at that market. Common light stock steers descended to $4.50 and lower in instances there and at St. Louis.
She stock offerings were comparatively scarce, and flesh condition for the most part was plain to medium. Highly finished kosher cows maintained $8–$8.50 levels and above at Chicago, corn-fed yearling heifers selling in line with steers of a similar finish. In-between grades of beef cows and heifers lacked dependable outlet, generous runs of low grade grass steers at river markets being a weakening influence. Bulk of fat cows and heifers at Chicago brought $5–$7.25. Canners displayed strength, few healthy descriptions selling there below $3.
Bulls closed largely 25¢ lower; desirable heavy bolognas cashed upward to $4.75–$4.85 early at Chicago, but descended to around $4.50, heavy beef bulls sharing the decline. Reduced arrivals of veal calves at Chicago somewhat counteracted the effect of slump conditions in the dressed market and values advanced 25¢–50¢, packers taking desirable vealers at the close at Chicago at $9.50–$10, these interests as well as small killers paying upward to $10.50 for specialties.
Hogs.—Although receipts at Chicago were moderate, being about the same as in the preceding week, those at western points
(Concluded on page [109], column 1.)
MODERATE RECEIPTS OF MOST MEATS IN EXCESS OF DEMAND
Prices Generally Lower on Beef, Veal, Lamb, and Mutton—Heavy Pork Loins Also Lower.
(Boston, New York, Philadelphia, and Chicago.)
Moderate receipts of beef, veal, lamb, and mutton were in excess of the limited demand and prices were generally lower for the week ending July 28. Heavy pork loins were weak to lower with other classes steady to higher, except at New York, where all averages shared in the decline.
Beef.—Moderate receipts of beef at eastern markets found a limited outlet. Good and choice grades of steers were not plentiful, but were neglected in favor of poorer grades as prices were given more consideration than quality. The demand for chucks and rattles showed some improvement, and prices on these were relatively firmer than on other cuts. Cows were mostly of medium and common grades and were hard to move. At Chicago the assortment of steer beef was good, but prices weakened under a narrow demand. Few desirable cows were available, most of the supply having consisted of the poorer grades.