191^1+ CATTLE FEEDING PROGRAMS WED CLOSE SCRUTINY 



Cattle feeding programa are intended to take advantage of seasonal changes 

 in cattle prices. Sta"bllized x^ttle prices will change the 19^4 price pattern frcm 

 the normal seasonal pattern and from 19^5 prices (see charts "below). For example, ./ 

 choice cattle should remain near the t-^p of their stabilized range, barring changes 

 in ration point values, in terms of lend-lease purchase, or in government subsidies 

 to packers. This and the $15.25 top for good grade cattle lessen the inducement for 

 marketing cattle as choice in the late summer or early fall. Prices of lower f'radps 

 were stabilized at seasonal lows, but the usual spring price advance can be obtained 

 only by stepping cattle up a grade in the feed lot. Costs of gains comparec" with 

 the price differentials between grades determine whether this is advisable. 



i --L. F. Stice 



CATTM PRICES: 19if5 PRICES, RANGE OF STABILIZED EHICES, AND NORMAL SEASON.AL PRICES 



with high equal to top of range (dollars per cwt.) 



$17 



16 



15 

 14 



CHOICE STEERS 





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;-C Kcrmal s eas onal 



I'll' I L 



GOOD STEERS 



$16.25 



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$15 - 



14 



13 



COMMON STEERS 



1943 Pricea 



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