

^^ ^ WMIX MARKET REVIEW AND FARM OUTLOOK ^^_ 



^ ^2^ ^_ RECEIVED ^ 



mL By (>• L. Jordan {"Win IQ/19 '^'^ 



^ Professor, Agricultural Economics ^^^ i U iy4z 



University of Illinois 



College of Agriculture *«" "» 



(Prepared January 9) 

 Commodity Prices at Chicago 



Cash 



Oct. 1 o r May futures 

 Thursday ' 110^ of (close) 

 January g, 19^2 Week ap;o parity Thursday Week ago 



Wheat (number 2 



soft red winter) $ •— • . — 1.^0 $l,2g 5/g $1.26 7/g 



Corn (number 5 



yellow, new) .gO 3/if-.gl 3A .774-. 79 1.02 .g54 .^^ 



Oats (number 2 



white) .5gi-.6o4 .57i .63 .Jg^ .55 7/^ 



Soybeans (number 

 3 yellow) 1.73-1.75 3A l.67i-l.7ii i.^l* 1.22 i.79i 



Butter (92 



score) .35 .3i^i .^6 ;3395, 



(Jan.) 



f3265^ 

 (Jan. ) 



Eggs (current 



receipts .32 .3I A?. .3200 .3120 



(Jan.) (Jan.) 



Hogs (top price) 11. g5 11»30 11.50* 



Cattle (top price) li^'.75 1^-75 12.75* 

 * October 1, 19^ Chicago prices (others 110^ of parity, farm prices) 



Top prices for beef steers remained steady during the past 

 week, but prices of all other principal farm products increased. Most 



* 



of the increase in grain prices took place Friday, January 2, as a 

 result of the raising of the ceiling prices of fats and oils. This 

 affected soybeans and hogs directly, and corn and other feed grains 

 indirectly. No ceiling has been placed on butter prices so they were 

 not greatly affected. During the rest of the week, fluctuations in 



