_v WEEKLY 14ARKET REVIEW AI-TD FAK-l OUTLOOK f^ECEi^^g-n 



^ 3y G. L. o^ordan J/^l.V 3] jg/;? 



^^r Professor, Agricultural Economics ^ 



University of Illinois aoV* *^,TJJ=' 



College of Agriculture 



(Prepared January 30) ^'--^IS.:'.: , . _ 



(Highlights of the Weekly Market Review and Farm Outlook are broadcast 

 each Friday from 12: ig to 12:55 p. m. , as part of the Illinois Farm 

 Hour, Station WILL, 5^0 kilocycles.) 



Commodity Prices at Chicago 



Soybeans (No. 3 

 yellow) l.g9-l.92i l.g5 3/g-l.g7 1-99 7/^ 1.97 1/^ 



Butter (92 score) .35 .35 .3365 .3iflO 



(Jan.) (Jan.) 



Eggs ( current 



receipts) .32^ .32* -33^5 -3315 



(Jan.) (Jan.) 



Hogs (top price) 11. 90 11.55 



Cattle (top price) 1^.75 1^.50 ' 



A week ago grain prices were all headed upv;ard. They continued 

 upward at a rather rapid rate until the close of business Tuesday. 

 Wednesday morning they erased practically all the gain that had been 

 made during the previous week, but recovered some of their loss before 

 the close Wednesday and made further gains Thursday. Cash prices for 

 corn and soybeans were higher than a week earlier. Oats were about 

 steady. Butter and egg prices were exactly the same, but the prices of 

 hogs and choice beef steers showed considerable strength as of the close 



