—Lancaster Farming, Saturday, March 31, 1973
22
Omaha Cattle
Thursday, March 29
Compared with last week’s
close; closing prices slaughter
steers 1.50-2.00 lower and heifers
2.00-2.50 lower with the declines
coming at midweek after mild
early advances. Cows 2,00-3.00
lower. Bulls 1.00-2.00 lower.
Feeders opened strong but
declined 1.50-2.00 at midweek.
Four day receipts 17,400 as
H®[H[s]|t|K3S
FARM EQUIPMENT
Before You Buy Your
• WINDROWER
• STACKHAND
• FORAGE HARVESTER
SEE US FOR OUR
EVERYDAY LOW PRICES
Your Authorized Dealer
MILLER'S REPAIR
1 Mile North of Bird-in-Hand
RDI Bird-in-Hand, Pa. Ph. 656-7013
Gribbons Road or
656-7926
compared 16,200 previous week
and 16,700 a year ago. Slaughter
steers approximately 32 percent,
heifers 38 percent cows 11 per
cent and feeders 15 percent. For
first time since last November,
back-to-back price declines were
recorded on slaughter steers and
heifers as severe downturns
enforced at midweek, and the
closing trade gripped a
general air of confusion and
uncertainty. All buying interests
bearish late and proceeded with
caution for only minimum
numbers in most cases and some
were out of market almost en
tirely. For past two weeks, ‘Dark
Days’ in packing plants and
cancelled orders for carcass beef
have not been uncommon oc
curences. Buyers have been hard
pressed to maintain an ac
ceptable ration between live
prices and carcass realizations
during a period of rapdily
changing tends.
STEERS: Early, seven loads
high-Choice and Prime 1062-1223
pounds 3-4 47.25-47.75 with same
grade at midweek 46.00-46.25.
Choice 975-1317 2-4 43.50-45.50
late, load clean high-Choice 1150
pounds 45.75 Wednesday. Mixed
Good and Choice 950-1225 43.00-
44.00. Good 41.00-43.25. Standard
and low-Good 39.00-41.00.
Average cost slaughter steers
first three days 44.89 average
weight 1105 pounds as compared
45.46 and 1100 pounds previous
week and 34.47 and 1141 pounds a
year ago.
HEIFERS: On Tuesday, four
loads high-Choice and Prime 956-
1120 pounds 3-4 46.25-46.50. At
midweek, two loads same grade
1033-1038 44.50, three loads 918-
1028 44.00. Choice 850-1050 2-4
closed 42.00-43.50. Mixed Good
and Choice, 800-975 40.50-42.00.
Good 37.00-41.00. Small lots
Standard and Good 36.00-37.00.
COWS; Commercial
mainly 29.00-31.00* a few Utility
31.25-31,50, Canner . and Cutter
26.00-29.00, mixed Cutter and low-
Utility 29.25-29.50. Shelly Canner
22 00-25.00
BULLS: Utility, ComtAprcial
and Good 36.00-39.00, Com
mercial 1-239,50-41.50. Cutter and
low-Utility 33.00-37.00.
FEEDERS: Outshipments
little more than 1800 from regular
market trading as compared 2700
previous week. Prices strong
early, but turned 1.50-2.00 lower
in late trading. Supply again
mainly fleshy two-way steers.
STEERS: Few mostly Choice.
515-560 pounds 56.50-58.00, load
Choice 973 pounds 48.50. Choice
1000-1073 46.00-46.50 early. High-.
Good and Choice 939-1094 44.50-
45.50 early, late sales 42.50-44.00.
Load Good 1075 pounds 42.50.
HEIFERS: Two loads Choice
575 pounds 50.00, small lots 684-
823 38.00-41.00.
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Ceiling
bought last tall are ready to market,
The fact is that there just weren't many
yearling cattle available last fall, and there
aren't going to be many cattle going to
market. He expects movement to be on the
slow side for the next few weeks, but this is
a normal trend for the time of year.
McCoy doesn’t expect the price ceiling to
solve any long-term problems. He said that
he feels the U.S. has reached a point where
expendable money that’s been going for
luxuries like second cars and color TV, will
have to go instead into the food budget.
Summing up, meat is expensive because
it’s in short supply, and there’s more
demand than the market can meet. The
price ceiling may have little effect on prices
of meat or the outcries of consumers.
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