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The Supply of Cattle

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THE SUPPLY OF CATTLE is one of the most important factors influencing price. There appears to be a marked seasonable variation in the cattle supply of the markets. Usually the supply in the second half of the year is consider ably greater than during the first half. For five of the principal markets it averages 30 per cent more. This is largely due to the fact that the move ment of grass-fed cattle to market, espe cially from the ranches, begins in the middle of the summer, and continues until winter. The average prices of native, western, and Texan cattle for the first and second halves of the years 1902-3, as paid by leading packers in Chicago, is shown in the following table:

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