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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 05, 1941
Page
7
Chicago AP report notes hogs remained steady after a weak start while butcher cattle held firm and active. Early lamb trading was slow with insufficient activity, and late hog dealings firmed to last week’s levels with 180 to 300 pound hogs trading $8.50 to $8.75 and a top of $8.80.
Hogs show mixed movement with ranges from 120 to 600 pounds trading around 7.15 to 8.30 per cwt. Good to choice barrows and gilts vary by weight with top quotes near 8.30, while sows fetch 7.45 to 7.80. Cattle tone steady to firm with steers and yearlings quoted from 5.75 to 6.75 and cows around 6.00 to 7.00.
U S Department of Agriculture data show combined hog receipts at 16 yards and 10 packing plants in interior Iowa and southern Minnesota totaling 33 500 for the 48 hours ended Monday 8 a m, down from both a week ago and a year earlier. Prices vary by weight with steady to higher quotes across several weight ranges. In Austin Minnesota barrow and gilt prices range from 7 50 to 8 30 for various weights.
Sioux City AP reports livestock activity with prices: bulk fed steers and yearlings $8.75 to $10.50, choice yearlings $11.25, 1160 lb steers $11.35, heifers $8.50 to $10.00, cows $6.75 to $7.75, stockers and feeders $8.50 to $10.25, bulk cows $6.75 to $7.75. Canner and cutter stock $5.25 to $6.50, top butcher quotes around $8.40 to $8.50 for 180–270 lb cattle, 270–300 lb $8.10 to $8.40, 330–370 lb $7.90 to $8.10. Feeder pigs $8.50, wool hides above $11.25, shorn slaughter ewes at $65.00 down.
Hog prices show moderate activity after a slow start with top hogs at 8.60 to 8.75 per 100 pounds and 240 to 300 pound hogs at 86.35 to 78.65. Cattle markets steady with slaughter steers mostly 9.25 to 10.75, heifers around 9.25, and feeders up to 11.90. Sheep and lambs report slow activity with fat lamb bids near 11.00 and down elsewhere.
Chicago livestock market shows active trade after an slow start with steady prices. Hogs top at 8.80 per cwt with thin early sales. calves 800 head and cattle firm, light cattle and yearlings steady to firmer. lambs and sheep uneven with lighter offerings and scarce ewes.
Higher, heavier steers lead brisk sale with yearlings at 11.50 to 12.00 plus, several loads good and choice. 1536 lb averages at 11.25, western fed 1321 lb at 11.50. Heifers firm with best at 11.40, cows strong, cutters up to 7.25, bulls firm to higher with heavy sausage bulls to 8.49 and dealers scarce.
Salable cattle receipts total 4 600 with opening slow sales but early demand steady for steers and yearlings. Heifers cows and bulls steady with stocker and feeder demand improving. Calves and calves prices mixed with steady to weak tone. hogs feeder pigs and market calves noted with limited activity. sheep offerings meager and no significant early trading.
AP bulletin from Peoria shows hog receipts steady to 10 cents lower with top at 8.60 for 200 210 lb hogs. Cattle trade active to firmer with steer and yearling prices around 9.25 to 10.25 for medium weights, light to medium heifers near 9.75, and lambs and sheep trading from 6.50 to 11.25 depending on type and weight.
Hogs hold steady on the local market with top hogs at $8.50 for 140-150 lb and steady ranges across weights up to 500 lb. Cattle and calf markets show mixed levels with prime steers around 12.50 and calves 10.00 to 10.50, notes on weight classes and quality.
Market notes from Cedar Rapids list prices for wheat, soybeans, and citrus. Wheat No.1 at 80 cents a bushel. No.3 at 34. Soybeans No.2 at 1.10. fruit prices include lemons 4 dollars and oranges 3 dollars. Poultry and hides prices appear with miscellaneous gears and items.
New York AP report notes mixed sessions with rails edging toward yearly highs while several industrials fall to June levels. Early gains faded. transfers around 400000 shares. U S Steel Bethlehem Republic and Youngstown Sheet rise on expected 2.5 point mill rebound after coal strike settlement. New highs include Nickel Plate, Santa Fe, and Pere Marquette among others. Chrysler, GM, GE, Westinghouse, and North American appear among new laws.
Monday quotations show Mose Merchants and Adams Express among movers with notable gains. Allied Chemical and Lou's Gas rise while Chalmers and Loviene & Co post gains, reflecting mixed but buoyant market activity on a Monday session.
Wisconsin dairy market report notes a cheese quota during the week of January 5 to 10. Plymouth region production and sales drive total proceeds to 17 million dollars.
Wheat and corn futures rose to new seasonal tops on the Chicago Board of Trade as profit taking trimmed gains. Soybeans firmed early but weakened later. oats, rye and other grains tracked the broader action with mixed results.
The market summary lists live poultry with hens over five pounds at 18 2d, 5 pounds and under 21d, broilers at 19c per pound, and various fowl prices. Butter receipts steady with creamery grade ranges from 88c to 93 score, potatoes on track with No 1 at 2.50 per sack, cheese prices mixed by grade, and storage packed firsts around 22c to 24c per pound.
A collage of want ads and notices seeking transportation sharing, cleaning supplies and services, grooming, jewelry, printing, employment openings, and general sales. Includes offers for carpooling to Portland and Seattle, delivery and cleaning services, and job postings from Iowa to Detroit.
New York bond market edged higher in a narrow range with some irregularities in the industrials. Southern Pacific Missouri Kansas Texas Missouri Pacific and Illinois Central led fresh advances while American Telephone and Portland General Electric also gained. Dow Jones averages show slight gains across rails utilities and industrials with total stock transactions around 127 300.
President Roosevelt, back at the White House after a Virginia motor trip, agreed to address the Pan American Union on May 14. Representatives of 20 Latin American republics will be present at the gathering.
Senator Guy M. Gillette of Indiana introduced a resolution calling for a formal trade inquiry. The measure requests a Senate investigation into current trade practices and potential barriers affecting U.S. commerce.
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