# 



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HCOflVED 



FEB 7 1942 



WEEKLY MARKET REVIEW AND FARl-1 OUTLOOK 



By Gr. L. Jordan 

 Professor, Agricultural Economics 

 TJpiversity of Illinois 

 College of Agriculture 



(Prepared February 6) ^"— ,... . .. 



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

 each Friday from 12:4^ to 12:55 p. m. , as part of the Illinois Farm 

 Hour, Station WILL, 5^0 kilocycles.) 



Commodity Prices at Chicago 



Cash 



Thursday 

 February 5, 19^2 Week ago 



(close) 

 Thursday 



May futures 



Week ago 



Wheat (No. 2 soft 

 red winter) 



Corn (No. 3 

 yellow, new) 



Oats (No. 2 white) 



Soybeans (No» 3 

 yellow) 



.glfr-.g3 

 .524 



.23 



i.9ii-i.93i 1.^9-1. 92i 



$1.29 5/2 $1.31 



.g? 3/2 .22 



.57 5/2 -59 



1.97 5/2 1.99 7/2 



This past week was characterized by a decline in prices of all 

 grains and eggs; about steady prices of butter; very strong prices for 

 hogs, and some improvement in the prices of beef cattle. A new top price 

 was reached for hogs Thursday of $12.85. Eggs reacted as a result of 

 some recent let-up in purchases of government eggs and the open weather 

 that followed the recent cold spell. Soybeans remained fairly strong in 

 the cash market but weakened some in the futures market. 



Corn. In speaking before an Illinois Farm and Home Week audi- 

 ence, J. B. Hutson, president of the Commodity Credit Corporation, gave 



