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.
GLUTEN FEED DEMAND QUIET.
Gluten feed.—The demand for gluten feed was quiet. Dealers reported sales as slow, and as a result a few mills experienced difficulty in obtaining shipping instructions for goods bought for July shipment. Although corn prices were lower and No. 2 Yellow was quoted on the basis of about $22 Chicago, gluten feed for August shipment was advanced $1 per ton over the July price to $29.85 per ton Chicago. Production was normal and the movement was good. Supplies were rather large in the Northeast, and moderate in other sections.
Hominy feed.—Hominy feed prices showed little change from last week. Eastern mills shaded prices to effect sales. The demand was scattered and mostly from single car buyers. Production was good, particularly by mills having orders for grits for the Russian Relief. Offerings by western mills increased because of the limited sales during the past month and the accumulation of stocks. Supplies in dealers’ hands continued fair. The movement was light.
Alfalfa meal.—The supply of alfalfa meal was about equal to the demand, which was normal for this time of the year, inquiries having been received from all over the country. Prices for meal are governed largely by trend of hay prices, and as the yield of second cutting in many instances was less than was expected, with poor prospects for the third cutting, the alfalfa meal situation was quite firm. The supplies of hay available for milling have been reduced considerably through extensive purchases by sheep feeders. Millers, therefore, do not expect to make heavy offerings in the near future. In fact, many mills were unable to accept business for immediate, quick, or prompt shipment. The movement was fair.
WEEKLY GRAIN MARKET REVIEW.
(Concluded from page [114].)
and to Canadian ports 1,431,000 bus. Total shipments for the season to Canadian ports stand at 11,757,000 bus.