

VEEKLX KAHiiET REVIEW AND PARI-: OUTLOOK 



a^^ 



^ By 3-. L. Jordan " - 



Professor, Agricultural Economics 

 University of Jllinois 

 College of Agriculture 



< 1 1*. -■ ' 



(Prepared April 17) L*...J...:: •• 



(Kighli^^hts of the Weekly Market Review and Farm Outlook are broadce.st 

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

 Station I'JILL, 5gO kilocycles.) 



Commodity Prices at Chicago 



Cash 



May futures 

 ( close) 



Thursday 



A-oril 16, 19^2 V;eel-: ago Thursday Week ago 



V/heat No. 2 soft 

 red printer) 



Corn (No. ^ yellow, new) 



Cats (No. 2 white) 



Soybeans (No. 3 yellovx) 



Butter (90-91 score) 



Eggs (current receipts) 



Hogs (top price) 



Cattle (top price) 



Hog-corn ratio, Chicago 

 April 11 



i 



31.20 5/g il.22 3A 



.goi-.gii- 



.g2t-.S5 



.564--. 56 3 A .5^-. 5^* 



l*72t-i.^3 

 .37 

 .29 



1^.25 

 17.00 

 17.0 



l.SO 



.27 



14,50 



10.75 



16.3 



.g6 



.55 3/2 

 l.g6 

 .3^60 



(Nov.) 



.33^0 



(Oct.) 



.gg 3 A 



.56 5/S 



i.gg 3 A 



.3265 



(Oct.) 



All grains were weak this past week as the result of unfavor- 

 able war developments, particularly the restoration of Laval to pov;er in 

 France. On the other hand, prices of all livestock products were higher, 

 Kogs made a new high Wednesday at Sl^.65 and choice steers made a new 

 high at $17» Butter and egg prices were strong. The hog-corn ratio is 

 very favorable to feeders. Anti-inflation talk by the administration 

 ^t was countered by proposals of congressmen to revise the concept of 



parity to include the cost of farm labor. No further serious declines 

 in prices of farm products, other than usual seasonal changes, are nov; 

 apparent. 



