-6- , 



^^, there has recently been quite an increase in purchases of both pork, and 

 lard for export under the lend-lease law. 



A light volume of country trading in feeder sheep and lambs 

 over the intermountain country was reported for the week ending September 

 13. -^t seems that supplies of uncontracted offerings are relatively 

 small. Feeder lambs in Idaho are bringing from $10,55 to $10,65 f.o.b, 

 loading points. In Wyoming, wether lambs sold at $10.25 "to $11 and in 

 Colorado the few feeders available moved readily at $10,75 to $11 f,o.b. 

 the loading point. 



According to the United States Department of Agriculture, egg 

 production is expected to continue larger during the remainder of 19^1. 

 The number of layers on farms is larger than a year ago and more pullets 

 are expected to be retained in the laying flock. An increase of 10 per 

 cent in layers over a year earlier is expected by January, 19^2. Egg 

 futures lost about 1 cent during the past week, and production is main- 

 t tained at a relatively high level, considering the number of hens on 

 farms. The feeding ratio has been very favorable for poultrymen and 

 there has been a larger than usual number of young chi^ckens marketed 

 this year, but the improvement in consumer demand has maintained prices 

 at a satisfactory level. Turkey production for 19^1 is indicated to be 

 5 per cent larger than 19^0, 



G-rains , The grain market has been quite weak, influenced very 

 .largely by the extreme weakness in soybeans. As indicated last week, 

 , .. the price of soybean meal was clear out of line with the price of corn, 

 and this correction in soybean prices will help bring about a more nearly 



t 



I 



normal relationship. It is not expected that wheat prices will move very 



far in either direction, but stability in the price of feed grains will 

 be affected by the knov/ledge that a great expansion is desired in the 

 production of animal products, and by the current favorable feed ratio. 



• 1 ■ ) 



