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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 27, 1946
Page
6
Officials estimate salable livestock receipts for the day at 8 000 hogs 5 000 cattle and 6 000 sheep in Chicago AP. Fed steer prices rose Wednesday with active bidding up to 18 ceiling and 35 cent weekly gains. Five loads of choice grades reached the 18 CPA ceiling as hogs moved through the market and sows sold near the 14 10 limit.
Chicago wholesale market reports a strong, active day across hogs cattle and sheep with steady to higher quotes. Hogs see looser receipts and mixed classes steady near top values, while cattle show firm to higher prices with choice steers around 18.00 and high yielding fat cows around 12.50 to 14.00. Sheep receipts moderate and prices steady with wooly lambs and yearlings trading near 15.25 for light loads and around 13.00 for good forequarter stock.
Hogs show salable receipts at ceiling levels with barrows and guts at 14.50 and sows and stags at 13.75. Cattle receipts total 8.5 thousand with calves 200. slaughter and stocker classes steady with some strength in fed steers. Steers mostly 15.00 to 16.25, heifers 16.25, cows up to 14.00. Sheep receipts about 13 thousand with lamb prices firm to higher. feeding lambs steady and western ewes around 7.00 to 7.75. several loads held near 15.00 for good to choice fed lambs.
Cattle receipts 6200 with strong demand for steers and heifers up to 25 cents. Calves 50 and hogs 9500 indicate active markets with barrows and gilts around 14.50 while sows top near 13.75. Sheep receipts 6500 show tight early sales as ewes hold and fed lambs edge higher to 7.50 for common lots and up to 14.85 for heavy wooled lambs.
Combined receipts at 19 yards and 11 packing plants in interior Iowa and southern Minnesota for the 24 hours ended 8 a.m. Wednesday were 41 000, steady with last week and above a year ago. Market notes show good and choice barrows and gilts with prices for 160 180 Ibs 123.75 142.14, 180 360 Ibs 14 204 14.45, sows 270 450 Ibs 13.45 13.70, and 450 550 Ibs 13.40 13.70.
The Cedar Rapids hog market shows top prime butchers at 14.45 dollars and packers at 13.70 for various weight classes. Cattle quotes include grade AA and A choice and different cattle types, with quotes varying above the listed ranges. Also listed are sheep, grain, and feeds prices, along with current Dow Jones averages and a long spread of stock quotations.
New York stocks staged a comeback led by several leaders who held gains of 1 to 3 points late in the session. Trading volume approached 1.5 million shares as the market fluctuated through the day.
Rail loans rose fractions to two points and more while some high-priced utility liens softened. U.S. government bonds gained in both stock exchange and over-the-counter trading, reflecting a firmer tone overall.
Chicago butter and eggs receipts show steady levels with varied scores and price marks. live poultry moves indicate steady to tied markets across hens springers broilers and turkeys, while potato arrivals and regional stock data suggest moderate demand and steady markets.
AP Mkt notes show wholesale egg prices firm with mixed colors extras through standard grades and weights 45 lbs and up at about 37 to 38 cents per dozen. Butter prices remain firm with receipts around 48 thousand dollars and current quotations unchanged.
Fragmentary figures from a Des Moines item show price ranges and packing notes for items labeled TOWA BOG and Mason Waterloo, with scattered values such as 13.60 to 14.40 and a projection that the number of motor cars in service will rise to 34,008,000 by 1955.
In Chicago wheat corn and barley closed at ceilings of 1.80 1 1/4 and 1.22. May rye dipped at the finish to 2 1/4 percent lower at 2.1445 to 2.1470. Oats held near unchanged with May ceiling at 81 cents. Field seeds list red clover 31.50 sweet clover 10.75 alfalfa 33 36.50 red top 12.00.
Kansas City reports uneven slaughter steer demand with large share of good and choice unsold. Heifers and yearlings show strong to 15c higher. cows steady, bulls weak. Prices quoted for beef steers mostly 15.50 to 16.75 with some above 17.00, heifers generally 15.00 to 16.50, stockers 12.50 to 15.00, canners 6.50 to 8.75, and bulls under 12.75 with dealers 14.50 to 16.50.
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