Sf i^ P, / 



WEEKLY 14AHKET REVIEW AND FAR14 OUTLOOK 



By G-, L, Jordan 

 Professor, Agricultural Economics 

 University of Illinois 

 College of Agriculture 



RECEIVED 



APR ?4 1942 



D«AW » OTFICC 



(Prepared April 2^) 



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

 each Friday from 12:4g to ^' 

 Station WILL, 5^0 kilocyc 



Vrtigniignrs or ine weeitiy JxiarKeT: neview ana i-arm uu-cj.ooit are uruciuuaBu 



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

 «^.^. ^ ,.r^TT r.^« ,.n les.) 



Commodity Prices at Chicago 



Cash 



Thursday 



April 23, 19^2 Week ago 



July futures 

 (close) 



Thursday 



Week ago 



Wheat (No. 2 soft 

 red winter) 



Corn (No. 3 yellow, 

 new) 



Oats (No. 2 

 white) 



Soybeans (No. 3 



yellow) 



Butter (90-91 

 score) 



Eggs ( current 



receipts) 



Hogs (top price) 



$1,22 3/g $1.22 7/S 



.g2-.S34 

 •57t-.574 

 i.75i 



.37 



.2gi 



1^.60 



. g04- . gi^- 



.56*-.56-J 



.gg 3/g 



• 55* 



.ggj 



. 55-J 



i.7gi-.i.g3 1.H13-' 



Cattle (top price) I7.25 



Hog-corn ratio, 



Chicago April Ig 17.if 



.37 



.29 



li^-.25 

 17.00 



17.0 



.39^^ 

 (Nov.) 



.3^25 

 (Oct.) 



i.gg 3/g 



.3^60 



(Nov. ) 



.33^0 



(Oct. ) 



The pattern or prices during the past week duplicated that of 

 the previous week; grains v/ere weak and livestock strong. A new high for 

 the past five years for choice beef steers was reached Wednesday and 

 Thursday at §17.25. Hog prices came within five cents of the peak since 

 1926 reached a week ago Monday. Grain prices were depressed, however, by 

 the anti-inflation plans. It is doubtful if ceiling prices on livestock 

 products will be below parity because of the need to encourage further 

 production. The present hog-corn ratio of i7.il will certainly encourage 

 maximum hog production. There is little danger of much further decline in 



