STOCK MARKET TREND

New Zealand Herald, Volume LXXVII, Issue 23760, 13 September 1940, Page 3

STOCK MARKET TREND

AN IDEAL SPRING 0 AMPLE FEED AVAILABLE STORE CATTLE IN DEMAND The present spring is one of the best on record, and, while this has had a stimulating effect on the store stock market, it has "had the reverse effect on values for fat stock. Usually at this time of the year prices for fat stock are at the peak, but this year, owing to the mild winter and early spring, prices for this class have already shown a decline and there does not appear to bo the remotest prospect of any improvement. With ample feed available, store cattle have been keenly sought and in comparison with fat stock values prices for store cattle have been high. Yearling Jersey heifers are in particularly keen request and recent high rates for this class have been fully maintained. The slight lull which was apparent for dairy stock two weeks ago has not been sustained, and, if anything, values are now even higher than before the easing took place. A fixture of interest to practically all sections of the farming community was held at Cambridge last week, when the annual spring horse fair, the largest sale of its kind in the Dominion, was conducted. While, on the whole, prices were not exceptionally high, a very steady sale resulted at values above those ruling at the same event last year. Good hacks were keenly sought and it was considered by many to be the best sale for this class for many years. Conditions in tho various sections are: — BBEF Values for fat cattle have shown little alteration, but any change has been in the buyers' favour. Owing mainly to tho milil winter and early spring, large entries of well-finished cattle are coming- forward at most centres. As a result, butchers have a better selection than usual at this time of tho year and plain and unfinished cattle are not keenly sought. Although the entry of ox beef at the Central yards on Tuesday was the smallest for some weeks, competition was not animated and in some cases values appeared just a shado easier. The entry of cows and heifers included more ex-dairy sorts than at recent sales and values tended to ease. A medium entry of runners and vealers sold at practically unchanged rates. Heavy prime bullocks made £l3 to £l3 15s; prime, £ll 10s to £l2 10s; light prime, £lO to £11; extra prime heifers, £lO to £ll 3s; heavy prime young cows and heifers, £9 to £9 2.55; prime, £7 10s to £8 10s; lighter, £G to £7. MUTTON "While the prices for fat sheep dropped almost as quickly as they had risen a few weeks previously, smaller yardings at most centres have resulted in prices remaining fairly steady during the past fortnight. More shorn sheep aro now coming on to the market, and, with the present comparatively low prices for skins, this class is selling Better in proportion than woolly descriptions. Hoggets usually comprise the bulk of tho entries at country sales and aro steadily competed for by butchers and graziers. A medium yarding at the Frankton sale on Tuesday comprised mostly medium-weight wethers. The market opened firm at last week's rates for all classes, but there was a slight casing toward the finish. Heavy prime wethers made 35s Gd to 375; prime, 32s 6d to 355; prime shorn, 28s to 31s 3d; heavy prime ewes, 25s to 276 (id; fat ewes, 22s to 24s 3d; light, ISs to 21s. PIGS Larger yardings of fat pigs are now coming forward and include a better proportion of finished baconers and porkers. More bacon buyers are „now operating, and prices for these remain very firm. Porkers also remainin keen request at full late rates. 'Although stores and weaners are now coming forward in large numbers, values for this class have been well sustained. Breeding sows close to farrowing still sell well, but backward sorts are not keenly sought. Baconcrs sell from £3 12s to £4 10s; heavy porkers, £2 18s to £3 ss; medium, £2 12s to £2 17s; light, i £2 Us to £2 lis. ■»

KAUROA RATES FIRM The Farmers' Co-operative Auctioneering Company, Limited, reports that a srood yarding of all classes, of cattle met steady competition at Kauroa. Values remained firm on late sales. Fat Shorthorn cows, £7 10s; forward Jersey-cross, steers, £6 Gs to £7 4s; boner cows, £2 10s to £-1 ss; yearling: Red Poll steers, £1 10s; yearling Polled Angus heifers, £3 15s to £1 ss; Jersey springing heifers, £'9 10s to £l2 ss; dairy cows. £6 10s to £l2 10s; small and backward heifers, £G 5s to £7 15s; two-year service Jersey bulls, £9 to £lO 10s; Polled Angus, £9 to £l3 1 Os; yearling Jersey bulls, £4 to £5 lis; Shorthorn, £4 to £4 10s; potter bulls, £G 10s to £B. Dalgety and Company, Limited.—Fouryear fat raid forward steers, to £lO Is; fat Jersey heifers, £fi to £6 ss; Red Polled, £0 5s to £(> lis; Polled Angus. £5 12s (id to £0 4s; two-year Red Poll steers, £0 5s to £7; Polled Altera?. £G 5s to £7 2s Gd; grown Jersey-cross steers, £5 10s to £7 Is; yearling Polled Angus steers, £5 5s to £5 13s: Hereford, £5 to £5 10s; yearling: Polled Angus heifers, £3 10s to £4 2s Gd; twoyear heifers, mixed, £2 10s to £3 17s Gd; yearling: Shorthorn steers, £3 5s to £3 17s; Tied Polled, £3 2s Gd to £3 lis; two-year ■Shorthorn bulls, £5 10s to £7 15s-j yearling Jersey bulls, £3 5s to £8 10s; yearling Shorthorn heifers. £4 to £4 ss; springing Jersey heifers, £9 10s to £ll ss; Jersey cows. £G 5s to £0 10s. EASING IN DAIRY CATTLE [from our own correspondent]] PUKEKOEE, Thursday Values for dairy cattle showed a slight easing at the weekly stock sale at Pukekohe, conducted by Alfred Buckland and Sons, Limited. A very heavy yarding in the dairy section sold to steady competition. Fat and store • cattle catno forward in medium numbers and maintained the recent satisfactory prices. Pigs were received in large numbers and sold to an improved demand at rates full v coual to West field. Pedigree Jersey heifers made 15 guineas to 20 guineas; grade dairv heifers, £7 to £ls ss; dairy cows, £3"to £l2 10s; fat steers, £9 to £l2 ss; young fat cows and heifers, £6 5s to £10; killable Jersey cows, £4 15s to £G 7s Gd; store cows, £3 15s to £5 2s (id; boners, £2 15s to £4 10s; yearling Jersey heifers, £4 to C 7; herd bulls, £5 15s to £lO 10s; butler-milk pigs and baconers, £3 5s to £4 ss; porkers, £2 15s to £3 4s; stores, £2 5s to £2 ISs; slips. £1 15s to £2 2s; weanors, £1 Is to £1 lGs; sows with litters, £7 5s to £l2 10s; sows due to fnrrow, £5 5s to £7 ; service boars, to S'/ a guineas; choppers, £3Ss to £4 9s.

ADDINGTON MARKET [BY TELEGKAPH —PRESS ASSOCIATION*] CPRISTCHURCH, Thursday Short yardings of fat cattle and sheep came forward at Addington and prices of both rose, cattle by £1 to £1 5s and sheep by 2s. The cattle entry, 204 head, was of medium quality. Good beef brought 50s per lOOlb; best, lo 555; extra prime steers, to C2G 12s Gd; medium to heavy, £ls 10s to £22; otners, £.lO to £ls; best heifers, £l3 5s to £l9 2s Oilj others, £S to £l3; best cows, £lO 10s to £l9 7s Gd; others, £5 to CIO. In view of the small entry of fat sheep' the rise of 2s was moderate. Best wethers made 45s to GOs 1(1; ordinary to good, 39s Gd to Its yd; light, down to 325; best ewes. 40s to 50s 4d; good, 30s to 39s (id; light, down to 225. The pork entry was small and prices the highest of the season. Baconers showed little change except for heaviest, which wcro easier. The pork average per lb was B%d to OViil, and bacon 7!' id to Bd. COROMANDEL* VALUES The Farmers' Co-operative Auctioneering Company, Limited, reports the following prices at Coromandel:—Fat Jersey steers, £S Os; heifers, £5 12s Gd to £7; boner cows, £2 to £3 lis; four-year Shorthorn and Short-horn-cross steers, £S 17s; three-year, £7 to £7 ss; three-year Jersey-cross steers, £G 15s; Friesians, £6 10s; two and a-half year Polled Angus and Shorthorn steers, £5 15s to £5 19s; two-vear Friesian steers, £1 ISs; Polled Angus steer calves, £2 19s; heifer calves, C2 19s; yearling Jersey heifers, £4 10s; Jersey service bulls, £9 10s to £10; Polled Annis, £5 15s; IS months Jersey bulls, £6 to £7 2s Gd; Shorthorns, £0 to £7 17s Gd; yearling Jersey bulls, £4 10s; springing Jersey and Shorthorn heifers, .£9 to £lO 10s; later culvers, £fi to £S; springing Jersey cows. £S 10s to £ll. WESTFIELD QUOTATIONS Choice quality dairy cattle were in smaller supplv at the West field weekly stock sale yesterday. Values generally were well maintained and only the top values eased a shade. Dairv cows and heifers made up to £l2. There was not a keen demand for (he backward lines. A largo yarding of stores was cleared at late rates. The quotations were:—Store cattle: loung cows, from £2 15s t'j tfi 1 Ok; boner anil aged, to £5; meaty killable, to £0 15s; potter bulls, to £0 10s; Jersey heifers, to £4 17s Oil; herd bulls, to £B..Dairy co-ws: Jersey springers, to £l2; Jersey-cross, to £ll 15s; Shorthorn, to £l2; Holstein. to £ll 10s; other cows, to £9.