EARLY MORNING HOG PRICE CONFERENCE 

 "All 9u«ssed fh« top at $9.65." 



PRODUCERS' CAHLE PENS . . . 

 "thay gat loma of tha corn balt'i batt." 



notes. Everyone agrees today, includ- 

 ing Manager Dave Swanson who sits in. 

 All guessed the top at $9.65. A tele- 

 gram is dispatched to Producers agen- 

 cies at other markets. Cold weather in 

 the East is a bullish factor. Few choice 

 butcher hogs are coming in because of 

 high priced corn. The next move is 

 to get buyers to pay the price. 



High Priced Corn 



At the cattle price conference. Bob 

 Grieser reading the government report 

 states that yesterday's top on cattle was 

 the highest since last March. High 

 priced corn is influencing feeding. 

 There is little price advantage for light 

 cattle over heavies. After 1300 pounds 

 there is some disadvantage for weight. 

 Bids are discouraging on plain light 

 kinds. 



"Notice that at^every market better 

 grades are steady, to strong," Grieser 

 says. "Medium arid common kinds are 

 slow. That's our picture here, too, to- 

 day." 



The telephone rings. It's a call from 

 Chester Jackson, Mercer county, 111. 

 cattle feeder. "What about feeder 

 calves," Jackson asks. "Just heard from 

 Bob Fulton," (Producer buyer) Grieser 

 replies. "He's at Raton, New Mexico. 

 The 'TO' heifer calves will cost $6.15 

 f.o.b. shipping point, the 'Circle Dot' 



calves $6.00. That will lay them down 

 at around $6.85." He wants steers. So 

 does everyone else. Few want heifer 

 calves. The Producers have orders for 

 several car loads of calves, all steers. 



Ernie Beilfus, head sheep salesman 

 and Sam Anglin, his associate talk over 

 the market outlook. Receipts are up, 

 the increase due to heavy arrivals of 

 western lambs of 35 to 40 pounds. Fat 

 lambs are up about 50 cents. Top yes- 

 terday was $9.25 with 125 carloads of 

 lambs held over. They will ask $9-25 

 to $9.35 today. 



The Chicago Producers gets most of 

 the native lambs in its territory. It 

 makes the market on this class of live- 

 stock. 



"When the lambs arrive we water, 

 and grade them," Beilfus tells you. 

 "Our 're-weighs' set the pace and com- 

 mand the top price. We net more for 

 the shippers than anyone else in the 

 yards by handling them this way. 

 Feeder lambs are selling from 41/^ to 

 nearly 8I/2 cents a lb. The lighter west- 

 erns weighing around 35 to 45 lbs. 

 were selling at 41/2 to 6 cents. These 

 lambs are from Montana and Wyom- 

 ing. The heavier feeders, 55 to 65 lbs. 

 bring more money, ly^ to 81/^ cents. 

 Some 70 lb. feeder lambs sold for 

 $8.40. . 



Every Man A Specialist 



The Chicago Producers is by far the 

 largest commission agency on the mar- 

 ket. That's an advantage. It makes 

 specialization possible. For example, 

 Ray Walsh and Goodman Story are 

 steer salesmen. Harold Duke sells most 

 of the heifers.. John DeWitt and 

 Henry Johnson specialize on cows. 

 John Harris sells only calves. Bob 

 Fulton is head feeder buyer. Wal- 

 ter Kenyon sells bulls, while Walter 

 Howe, with a lifetime's experience in 

 butcher cattle spends much of his time 

 contacting livestock producers in the 

 office and out in the country advising 

 with feeders. He likes stockmen and 

 they like him. So every man knows his 

 job much better than he would if his 

 interests were scattered. 



We go down to the Call Office. A 

 man stands on a narrow balcony an- 

 nouncing the arrival of livestock trains 

 and the name of the agency getting the 

 consignment. The Producers keep a 

 record of the time of their arrival. The 

 same is true for truck consignments. 

 The stockyards company locks up all 

 livestock on arrival. The "key man" 

 releases the stock to the commission 

 company when the consignment slip is 

 presented, but not before. 



Over in the hog alleys, the Producers 

 have about 2,000 head. Usually they 



k 



CAHLE PRICE CONFERENCE 

 "Batter gradas staady to strong." 



ERNIE BEILFUS 

 "Our ra-walghi top tha lamb markat.' 



THE BUYERS RIDE HORSEBACK . . . 

 and try to gat 'am worth tha monay. 



