

-2- 



m 



mlt packers without government contracts to stay in business. Lend- 

 lease contracts had been above the general price ceiling for pork, and 

 packers with lend-lease contracts could bid up the price of hogs to a 

 level that the rest of the packers could not touch. That has forced a 

 number of small packers out of business. If the premium is taken 

 off lend-lease purchases, hog prices may be expected to decline some- 

 what. Some subsidy plan may be used, to help ease the situation. 



Livestock situation receipts - Receipts of salable cattle 



at 12 public markets for the month of June were 2^ per cent higher than 

 for June 19^1* However, for the week ending July 16, receipts were 5 

 per cent less than for the corresponding week a year ago. Contrary to 

 the trend of the past several months, receipts of calves were 1^ per 

 cent higher for the month of June than a year earlier, and I3 per cent 

 higher for the week ending July 125. Shipments of feeder-cattle to the 

 corn-belt states are also showing substantial increases over last year. 

 The number received in seven corn-belt states in June this year was 

 ^0,000 comp*:ired with 70/ 000 a year ago. Receipts of hogs at 12 public 

 markets for the months of May and June were 13 per cent higher this 

 year than a year earlier. For the month of June they were up 25 per 

 cent, and for the week ending July 1^ they were 21 per cent above the 

 comparable week a year earlier. The average weight of barrows and 

 gilts received at Chicago during June was 2^9 pounds compared with 2^6 

 pounds a year earlier. The heaviest weights were received at Omaha 

 and averaged 255 pounds this year compared with 2^9 pounds last year 

 for the month of June. 



There has been little difference in the number of sheep and 



lambs received at the markets this year comprred v/ith last year. The 



nunber of sheep e^nd lambs shipped into the corn belt for feeding v;as 



June 

 105,000 this year compared with 10^-,000 a year ago during the month of/ 



