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Newspaper
Lancaster Farming
Location
Lancaster, Pennsylvania, United States of America
Date
Apr 11, 1959
Page
9
Market conditions remain very strong as weekly cattle receipts in Chicago were smaller than last year and Easter week. Slaughter steer percentage rose slightly while cows and heifers dipped. prime steer share edged up. Receipts included 42 loads Western cattle versus 75 loads prior week with mid week prices climbing on light arrivals.
James E. O'Hara notes weekly cattle receipts at Lancaster Yards will total about 775 head more than last week with 65 percent slaughter steers and 25 percent stockers and feeders. Slaughter steer quality improves with some loads high choice and prime, while trading is slow for slaughter cattle and active for other classes. Prices range widely by grade and weight, with bulk choice slaughter steers at 29 to 31.25 and feeders around 26 to 29.5. Hog and veal activity also described. total three month comparisons show higher cattle but lower calf receipts versus 1958, and hog supplies up from last week with mixed demand.
Receipts of 928 cattle and 214 calves led a beef market week with better quality and finish than seen earlier this year. Steers and cows showed gains. dressed beef prices rose in Chicago and hide values reached highs not seen since 1951.
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