H^ a year ago. In view of the larger supplies this year, the price of 

 steers is holding up very well. 



Hog prices declined slightly during the past week, but less 

 than might be expected on the basis of usual seasonal behavior. Re- 

 ceipts at 12 markets are very substantially below receipts a year ago, 

 This, coupled with a good domestic demand and some exports, accounts 

 for the absence of a more normal seasonal drop in price at this time 

 of year. 



GLJ:JW 

 II/6A1 



