WEEKLY FEED TRADE REVIEW.
(Concluded from page [115].)
was fair: Embargoes against outbound shipping in a few western markets kept business within narrow limits. Stocks generally were in excess of the demand.
Southwestern markets reported a good demand for shorts from the South and Southeast and an improved inquiry for bran was noted from Pacific coast markets. Large stocks of wheat feeds, mostly bought at higher levels, are being carried at western lake ports, and railroads are not accepting any more shipments to be held at lake ports, claiming that all available space is occupied.
Cottonseed meal and cake.—Increased offerings of new crop cottonseed cake and meal gave the market an unsettled tone and although a fair demand was noted in the East the premiums of old crop over the new crop cake and meal were sharply lowered. Prices for October shipment stuff ruled about $5 per ton lower than spot offerings in most markets. Pressure of new crop offers for deferred shipment tended to check buying. A small volume of business on the basis of $40 at Kansas City for 43% stock was noted, but buyers generally were hesitant in taking hold. Old crop stocks at mills continue in excess of what they were last year. The export inquiry was light. The movement was small.
Linseed meal and cake.—Production of linseed meal and cake was light. Prices held steady, but showed a rather wide range, mill offerings being at 50¢-$1 per ton less than was asked by jobbers. Stocks were fair. The demand both for export and domestic consumption was poor. Crushers expect increased production during September and October but little improvement in the output is expected during August. Receipts and movement were light.