^ WEEKLY MARKET REVIEW AND FARM OUTLOOK RECE.vti'D 



/^^ ay U-, Li. joraan 



W Professor, Agricultural Economics 



By a. L. Jordan i^'^'' ' 



cr>: •■;■•-. >-rFi - 



College of Agriculture "' 



University of Illinois ^/A 



(Prepared November 21) ^ 



Commodity Prices at Chicago 



Cash December futures 



Wednesday ""^ C close) 



Item Nov. 19. 19^1 Week ago Wednesday Week ago 



Wheat (Number 2 soft $ — I •— $1.1^ 5/S Il.l3 7/^ 

 red winter) 



Corn (Number 3 yellow, .67-. 69 .71-.72i .7^ -75 5/^ 

 new) 



Oats (Number 2 white) 



Soybesais (Number 2 

 yellow) 



Butter (92 score) 



Eggs (current receipts) 



Hogs ( top price) 



Cattle (top price) 



During the past week, corn and soybean prices declined; wheat 

 remained about steady; oats improved somewhat; butter declined in price, 

 but eggs, hogs, and choice steer prices increased. About the same 

 relationship relative to a week ago existed for December futures, except 

 that egg futures declined slightly in contrast to the 2-cent rise in 

 cash prices. 



Industrial production . The Board of Governors of the Federal 

 Reserve System reports industrial activity for October at l6^ per cent 

 of the 1935~39 average. This compares with I6I per cent in September, 

 160 per cent in August, 160 per cent in July, and I59 per cent in June. 

 The great increase in industrial production occurred prior to June, 19^1; 



