Long-fed matured bullocks, averaging 1,443 lbs. reached $10.80 at Chicago and best long yearlings topped at $10.50, the premium of heavy steers over yearlings continuing in evidence. Sales above $10.25 were comparatively scarce, bulk of beef steers at Chicago being of quality and flesh to sell at $8.50–$10. At that point few bullocks that had received even a sparse corn ration on grass sold under $8, but common native and western grassers cashed well below that figure.
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.