Weekly Market Review And Farm Outlook - page 5* 



Butter prices are higher than they were a week ago. Eggs 

 are about steady. 



Dairy situation - According to the U. S. Department of Agri- 

 culture, prices of dairy products are likely to average higher in 

 19^2 than in 19^1; although the increase is not expected to be as 

 great as was the increase from 19^0 to 19^1. This increase in prices 

 is expected in spite of anticipation of the largest quantity of total 

 milk production on record. A 3 pe^ cent increase in the number of 

 milk cows on farms is forecast. Feeding may be even more intensive 

 than at present. Increased consumer incomes and large exports of 

 dairy products under the lease-lend program are counted upon to more 

 than offset the effect of increased production. There will be plenty 

 of feed grains, high protein feeds and hay to provide all the feed 

 needed. It is expected that the ratio of butter fat prices to prices 

 of feed grains will continue favorable during the rest of 19^1 and 

 that the relation between prices paid for milk by condenseries and 

 feed-grain prices probably will be more favorable than a year earlier 

 through the first half of 19^2. Because of large increases in exports 

 of American cheese and evaporated milk, the price of condensery milk 

 has increased faster thaji has the price of butter fat. 



Turkeys - The U. S. Department of Agriculture estimates 

 the 19^1 turkey crop at 33; 553,000 birds. This establishes a new 

 record, Turkey prices are expected to be substantially higher than 

 last fall, but the increase to date has not been as pronounced as 



for other kinds of meat. Because of the heavy demand for small turkeys 



for family dinners and a decrease in the proportion of small turkeys, 

 it was deemed necessary last year to reduce the price of the heavier 



birds in order to move them. This year the government is buying 



several hundred thousand heavy turkeys for its men in uniform. 



