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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 30, 1927
Page
10
Chicago buyers and shippers showed brisk demand for light and small weight butchers, with heavy hogs steady around 8.80 and most sales between 8.30 and 8.60. Light hogs drew higher bids, with eastern buyers active, while cattle activity remained lackluster and bulls gained modest price lifts amid strong sausage trade signals.
Chicago markets show hog receipts at 28 000 head with heavy hogs steady to up 10 15 cents for lighter weights while top hogs reach 8 80. Cattle receipts 3 900 head with bulls up 19 to 15 cents and high grades at 11 50 to 14 49 for steers. vealers near 12 00. Sheep receipts 14 090 head with fat lambs trading slow and light demand, prices around 13 00 to 13 59 for choice handyweights and 6 00 to 6 50 for feeding lambs.
Receipts at Kansas City include 2000 cattle head variable demand with hogs steady to 10 cents higher. Top hog price 8.50 for 230 to 240 pounds. Cattle receipts 500 head calves 50. Young steers 11.25 to 12.06 with dogs 9.65. Cows as high as 11.50. Sheep 2099 head lambs mostly lower 12.75 top for 86 pound lambs 11.10 for fall shorn.
Omaha market report notes hog receipts at six thousand five hundred six head with lights 160 to 200 pounds trading 8.10 to 8.25 and sows 7.50 to 7.90 while cattle receipts reach 1,209 head with fed steers and yearlings mostly steady and bulls weak beef cows 7.25 to 9.00. sheep receipts 8,500 head show all classes steady with feeding lambs to 12.75 and ewe tops at 6.63.
U S Department of Agriculture reports cattle receipts totaling about 1 500 head at South St Paul Minnesota with firm demand across classes. Steers mostly 9 50 to 11 00 cows fat bulk 6 59 to 8 25 heifers 7 59 to 9 50 cutters 2 00 to 6 09 bulls weighty medium grade observed.
Receipts reach 1,000 head of cattle with prices between 7.50 and 12.00, quality down due to severe weather. Hogs show 13,000 head with bids around 8.15 to 8.25 for good light hogs and butcher types, sows around 7.75, pigs steady to weak. Sheep 1,500 head with little activity, undertone weak to lower while sellers ask steady.
Receipts include 5000 hogs with prices mostly 5 to 10 cents higher, top at 8.50 and 200 lb range 8.30 to 8.45. cattle receipts 550 head with most classes steady to firm, veal top 11.59. sheep 4500 head market slow with weak undertone on fat lambs and Colorado wool skins above 12.75.
East St Louis Illinois figures show hog receipts near 10 000 with light weights up 10 to 15 cents and heavier stock 5 to 10 cents higher. Cattle receipts around 800 with vealers at 15 50 and top bulls at 8 00, cows 6 50 to 8 50 while sheep receipts total 1 200 with lambs around 13 50 to slaughterers and noted lower packer bids from yesterday.
U S Department of Agriculture reports December cattle receipts at 1000 head with steady market. Steers and yearlings range nine to seventeen dollars, hogs steady to weak with tops near 8.39 and bulk around 8.30 to 8.90, sheep 790 head also selling steady.
Peoria cattle and hog sales report shows 2 000 hogs available with prices 15 to 25 cents higher. Top hog price reached 8.75 dollars while bulk ranged 8 50 to 8 65. Cattle receipts totaled about 100 head with note of market activity.
USDA report shows cattle prices up weekly with heavy steers at new highs, vealers $1.50 to $2 higher, bulls and cutters up, light steers firm. Hogs gain on lighter weights while heavier hogs steady. lambs and sheep firm with lightweight lambs near 13.85 and 12.90 to 13.75 for most 78 to 85 pound offerings.
Chicago December 30 AP Meat production and consumption in the United States for 1927 were about the same as 1926 with a slight export decline but domestic demand up. Decreases in beef, beef, and lamb output were offset by higher pork production. The value of meat exports fell about 59 million dollars versus 1926 as wholesale pork prices hit three year lows while beef prices rose to a December peak.
Wheat values receded amid slack export demand with Winnipeg reports showing Canadian lake head elevators up 10 million bushels and little grain moving to Atlantic ports. Corn and oats fell modestly while provisions held firm as hog values stayed steady and shipments to Chicago attracted attention.
AP reports Chicago cash grain prices with Wheat varieties at about 1.27 to 1.28 percent, Oats mostly 53 to 55 cents, Rye 1.03, Barley 88 to 9, Timothy seed 3.75, alfalfa seed 22.00, Lard 11.50, Ribs 19.75, Bellics 12.00.
In Chicago on December 30 the market showed butter unchanged with 7 466 tubs traded and eggs unchanged with 3 090 cases. Poultry markets were steady with receipts of 5 ears alive. fowls 23c to 27c, hens 25c to 30c, roosters 15c, ducks 23c, geese 21 23c. Potatoes receipts totaled 49 cars on track and 131 cars. U S shipments 632 cars. demand slow. Wisconsin whites 1.50 1.65, Idaho russets 1.50 1.70, partly graded 1.35 1.50. Spalding Rose and Triumphs at 3.06 per bushel. Futures put butter storage standards at 424c December and 4258c January. Experts note extremely difficult packing in the industry and discuss declining pork prices and a weak beef outlook while European production peaks and foreign demand affect American pork exports into mid summer.
Poultry prices list hens four pounds and over at 18c for Vent Leghorns and blacks. springs four pounds plus at 20c. other weights at 14c to 16c for various categories. Hog quotations show good butchers at 300 pounds up to 38.40, 200–250 pounds at 7.95, 180–200 pounds at 7.95, 256–300 pounds at 4.35, and heavy Packers at 6.75 to 6.8.
New York reports butter steady with receipts at 11,324 tubs amid unsettled DEED and storage notes. Cheese market firm with 136,263 pounds received. Prices show nearby eggs and hen items fluctuating with best marks around 32 to 34 cents for certain grades and 51 to 52 cents for extras, while pullets trend 40 to 43 cents.
In St Louis on December 30 eggs and butter held steady. Poultry prices moved modestly with heavy hens up one cent to 32 cents, light hens up to 18 1/2 cents, broilers at 29 cents, turkeys at 38 cents, geese steady to one cent lower, and ducks down one to two cents to 18 1/2 cents.
Kansas City, Missouri December 30. Ducks quoted at 15 1/2 cents per pound, geese at 20 cents. Other produce values remain unchanged as market reports from the AP indicate steady levels.
Live poultry rates show steady to firm movement with broilers at 35c by freight and 41c by express. Fowls and turkeys listed with varying regional prices. dressed poultry also steady to firm with fresh young western turkeys at 45c and ducks at 21c.
Raw sugar remains quiet with no sales and prices unchanged at 4.58 for Cuban duty paid. Refined sugar steadies at 5.70 to 5.80 for fine granulated.
Minneapolis flour market news from December 30 shows flour shipments at 52 505 barrels with bran prices ranging from 29.00 to 29.50. Market activity and price levels reflect steady demand and supply conditions in the local grain trade.
The Commercial Bulletin reports end of year activity in wool markets with better demand than usual and firmer prices. December shows considerable turnover in the staple, with prices sometimes rising a cent a pound. Manufacturing outlook is described as encouraging.
Dysart Iowa leaders set January 27 stockholders meeting to approve merging the Dysart Savings Bank and the First National Bank of Dysart. The new Dysart National Bank would carry an authorized capitalization of 65 000 dollars.
The Towa postoffice safe was robbed of 250 dollars this morning. The burglars escaped.
New York reports mixed stock action as sentiment improves. Warren Brothers gains 11 points and Greene Cananea Copper plus Foundation rise five. Midland Steel Products preferred slips from 315 to 280. Call loan renewal rate held at 5 1/2 percent as year turns.
In New York on December 30 the bond market moved irregularly amid limited volume. Easy money kept prices from falling while demand was nominal. Detroit River Tunnel 4s rose to 102½, United States Steel 5s showed fair demand, and New York Central 4 1/8% firm. Consolidated Gas 5s and Goodyear Tire 5s eased, U S Rubber 5 5 declined over a point on a lone sale, and foreign issues and government bonds remained subdued.
The American Football Coaches Association approved returning to the 1926 rules on lateals and fumbled punt recoveries after a brief debate on changes from earlier this year. The vote favored reinstating the older standards for these plays.
Ed Kessinger 62 and his son Edgar 17 perished in a blaze of unknown origin that destroyed their residence near Gladstone in the early hours of December 20. Authorities reported the double tragedy occurred around 2 a m. and the cause remains undetermined.
Washington Dec 30 AP Professor Frederick M Taylor of the University of Michigan author of Principles of Economics and other texts was chosen as president of the American Economics Association.
Black Hawk County grand jury recommends a legal amendment allowing judges to bar convicted drunk drivers from operating motor vehicles. A copy will be sent to Governor Hammill. The resolution urges lawmakers courts and juries to take more practical steps to enforce sobriety on the roads.
Fire from a kerosene stove in the Doudna Drug store spread through Spirit Lake’s business district, damaging the First National bank block. Estimated losses exceed $200,000 as Estherville and Spencer fire units aided locals in subzero weather. Several buildings suffered partial damage and insurance covered the contents.
The United States spent more than a billion dollars on road construction and maintenance in the previous year. The record highlights funding levels, state programs, and infrastructure priorities across highways and local routes.
A man previously tried for manslaughter in connection with a fatal highway crash was acquitted by a trial jury.
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