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EGGS
Egg prices, espcially the top grades, may go up some more this week, but don’t expect it to last too nolg.
Right now is the in-between period for old layers and new pullets, and there’s a shortage of Grade A eggs.
Virginia prices picked up 3 to 4c on A Larges last week; 1 and 2c on mediums. New York added 3 to 5c on Grade A’s to run 55 to 59c on nearby eggs; 49c to53c on midwest eggs.
September production will probably be 5 to 6% above last year, since hens and pullets are up 3% ; pullets of non-laving age up 2Vi per cent; and rate of lav is higher.
CATTLE
There is no shortage in the overall supply of cattle, but there is a definite shortage in the higher grade grain fed animals, and that’s wheie the price optimism lies, especially in the immediate future.
Right now, it looks like not manv farmers should have to take less for cattle than they took last year.
In feeder cattle, a big corn crop will help demand, and recent strong fed cattle prices will, too. Top quality heavier calves will likely be in strongest demand.
It looks wise to move any relatively fat grass fed cattle early. The price spread between these and prime and high choice grain fed grades is getting wider and wider. Watch the day to day markets.on better grade cattle if you’re planning to sell.
Right now there’s a shortage of prime and choice grain fed animals, but, that may be relieved as feeders feed out to top grades,
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