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Local Stockmen Report on Cotton Cake Prices and Buying
Governor B F White received a call from the Buyers' and Sellers' Livestock association advising cattle and sheepmen to time purchases of cottonseed cake. They note price rises from 67 to 75 per ton since June 30, with mills delaying shipments and speculation driving costs. They urge waiting for mills to resume operations in September, suggesting October purchases could save 15 to 20 per ton. Prior prices averaged around 238, with Food Administration guidance at 57 fob mill.
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