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large production of corn this year, combined with a very heavy carryover 

 of corn, and ample supplies of other feed grains may tend to hold corn 

 prices down eirly in the year. No particular strength can be anti- 

 cipated in either corn or soybeans for the next few weeks if weather 

 remains favorable for harvesting. 



Wheat . There have been no developments of importance affect- 

 ing wheat prices during the past week. They declined in sympathy with 

 other grains. 



Livestock products . Top prices for hogs declined during the 

 past week, influenced mostly by larger receipts. During recent weeks 

 hog receipts have been lovz-er than in the preceding year. During the 

 month of October, receipts at 12 markets were 20 percent below October 

 a year ago. However, during the week ending November g, receipts at 

 these 12 markets v;ere more than ^ percent higher than a year earlier. 

 Top prices for choice steers and heifers have remained stable at last 

 week's figure. Receipts continue to be heavier than last year for 

 steers, but smaller for ca^lves. Butter prices in the cash market have 

 been strong during the past week, and futures have been about steady. 

 Egg prices have also been steady to strong. 



The fruit situation . Total fruit production for 19^1 season 

 is estimated to be about 3 percent greater than in the preceding sea- 

 son. The slight decrease in citrus fruits will be more than offset by 

 the increased production of deciduous fruits. This increase of produc- 

 tion probably will more than offset the improvement in consumer demand. 

 Prices during 19^1-^2 are not expected to exceed the 19^0-4l prices. 

 ^ Commercial apple production is heavy. Production of winter oranges is 

 expected to be almost as large as last year, but grapefruit production 

 will be curtailed. 



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