>^v^ 



^'^^ ^^^ WEEKLY MARKET REVIEW AND FARM OUTLOOK 



^^^'"^ By G. L. Jordan 



Professor, Agricultural Economics 

 Oollegeof Agriculture 

 University of Illinois '■' ' 



(Prepared November I3) 



Commodity Prices at Chicago 



Cash "^^^ May futures 

 Wednesday ^ (close) 

 Item Dec. 2^, 19^1 Week ago Wednesday Week ago 



Wheat (Number 2 soft $ -- $ — $1.26 1/3 $1.26 1/g 

 red winter) 



Corn (Number 3 yellow, .764-. 77 .75-.73 .33i .^34 

 new) 



This past week was characterized by slight declines in the 

 prices of oats, butter, and eggs; steady prices for corn; and slightly 

 higher prices for soybeans, hogs, and cattle. Extreme declines in prices 

 caused by the shock of war have been pretty well ironed out, and price 

 fluctuation, both upward and downward, has been within a narrow range. 

 Soybean prices were strengthened by the suggestion of Leon Henderson 

 that it would probably be necessary to change the ceiling upward on 



cottonseed oil. Corn prices were strengthened from the low of the week 



n 

 by the government estimate of a large increase in the pig crop. 



The year 19^1 . On this last Friday of 19^1 it seems proper 



to review the developments of the year as they affect the economic 



welfare of Illinois farm families. 



