CATTLE. 215 



Facts about Markets. 



Local conditions have a decided influence upon the value of 

 feeders. 



In grazing regions where but little grain is produced, feeders 

 are much cheaper than in localities where there are small farms 

 producing corn and other concentrates. 



The large markets of Chicago, Kansas City, Omaha, Buffalo, 

 and Indianapolis determine the value of feeders. 



Where there is a surplus of feeders, the home value is usually 

 determined by the market value less the shipping expenses. 



In Pennsylvania, Ohio, and other Eastern states^ the value of 

 feeders is determined by the Chicago market price plus freight, 

 feed, yardage, loss by shrinkage, middle-man's profits, and prob- 

 able loss from accident and disease. 



Feeders are cheaper in the fall, when large numbers of 

 Western cattle are shipped from the ranges. 



Grass fed cows and heifers in the fall, decrease the demand 

 for light killing steers. 



In spring there is always a good demand for thin cattle to 

 be used for grazing purposes. 



July and August is an excellent time for purchasing feeders 

 when the markets are frequently glutted. 



The supply of grain and roughage throughout the nation has 

 a decided influence upon the price of feeders. 



When there is prospect of an abundant crop of corn, there 

 is a probability that there will be a strong demand for heavy 

 feeders, ranging from 1,000 to 1,100 pounds each. 



If a farmer has much roughage, he should buy thin cattle; if 

 he has an abundance of grain, he should buy and feed heavy, 

 fleshy feeders. 



When industrial conditions are good and labor is fully em- 

 ployed, and there is general prosperity, the demand for beef is 

 always good. 



Financial depressions, panics, strikes and hard times gener- 

 ally effect the cattle market adversely. 



The high cost of meat has become a serious problem and 



