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With normal weather, cattle slaughter in the summer 'and fall will continue heavy and prices could trend lower. On the other hand, general optimism among cattlemen for a rising market or sharp reduction in feed prices could temporarily reduce nonied slaughter supplies, producing a spurt in cattle prices. Another dry summer and a poor feed crop would result in some liquidation of the cattle herd and severely depress prices of all classes.
The cold storage holdings of beef on May 1 were nine per cent below a month earlier and 25 per cent under last year.
The slaughter cattle market last Thursday in Omaha closed with choice steers bringing $49-50.50; mixed good and choice steers $47. 50-49.50; choice heifers $47-49. 50; and mixed good heifers $45. 50-47.50. Cattle prices at Virginia auctions last week were: good steers $33-46; good heifers, $26-41. At a special state grad,-ed sale at Orange last week, choice steers were $47.75-50.75.
HOGS—Hog prices have strengthened in recent weeks and are expected to continue strong in the next few months.
Hog farmers are cutting pork production more than they planned earlier which reflects the uncertainties faced by farmers and high prices. The pig crop report released March 21 indicated Dec-
94.9%