FAT-CATTLE BOOM

Hawke's Bay Herald-Tribune, Issue 202, 11 September 1937, Page 3

FAT-CATTLE BOOM

-Presa Association.)

Yesterday's Stock Sale At Feilding

(By Telegraplx-

PALMERSTON N., This Day. The fat cattle market at the Feilding livestock sale yesterday boomed, runbeef commanding over £2 per lOOlbs. while ex dairy beef made up to 35s per lOOlbs. There was a heavy yarding but this did not prevent values rising. On the ( contrary there was particularly keen competition for all sorts, due to the definite shortage of beef cattle. The rapid development of the chilled beef trade has been responsible for almoat a total clearance of yonng fat ! cattle and the situation is gradually teaching an acute stage. The shipping eompanies have been able to meiH; the demands of exporters and most of the expqrting houses are now out of chilled beef and buyers are busy endeavouring to buy up to fulfill orders. This activity has brought in its train an improved demand for all other ciasses of beef and yesterday 's sale demonstrated just how eager operators are to secure beef. The whole of the large yarding was disposed of under the hammer at prices in advanee of late quotations. The store cattle market was quite active also, there being a medium yarding of young run cattle which excited considerable competition. The old cow market was fully iirm with a keen demand. at round about 21s per. lOOlbs. Operations in the dairy cattle section wero very buoyant, there being a keen deipand for close to profit good quality cows and heifers. Prices advanced on late rates with a total clearance under the hammer. ? 1 The fat sheep section found ewe mutton a shade easier. Nevertheless all good lines realised £2 a head and slightly over. Hogget nxutton was firm while wother rnmtton was represented by only two pens. Store hoggets were yarded in small numbers and found a ready sale on a firming. market. Despite the con'sistently large yardings of fat sheep for the past several weeks good entries continue to come forward and yesterday 's offering of 1000 found, the market fully iirm at late rates with perhaps a slight easing in the values for owe mutton. The yarding yesterday was made up of 260 hoggets, approxihaately 700 ewes and only some 30 odd wethers. Quality in the case of the hoggets was generally medium, wethers f'air to medium and ewes , medium to good,