

f^ 



^iTEEKIZ MARKET- REVIEW AND FAR14 OUTLOOK 



By G-. L, Jordan 

 Professor, Agricultural Economics 



University of Illinois ^^t 

 College of Agriculture 



^7 







"i 



ii-.. 



(Prepared May l) 



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

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

 Station WILL, 5^0 kilocycles.") 



Commodity Prices at Chicago 



Cash 



July futures 

 TcToseT 



Thursday 



April 30, 19^2 Week ago Thursday Week ago 



Wheat (No. 2 soft 

 red winter) 



Corn (No. 3 yellow, 



Jl.22 1/g $1.22 3/^ 



.g2-.^3i 

 .57i-.574 



i.75i 



• 37 



iif.6o 

 17.25 



i7.il- 



.36 l/g 

 .55i 



.gg 3/g 

 .55*' 



1.79 3 A 1.33 3 A 



.3975, 



(Nov.) 



.33SO 

 (Oct.) 



.39U0 

 (Nov.) 



.3^25^ 

 (Oct.) 



In general prices of farm products v/eakened further early 

 this week as the result of price-pegging plans. The most drastic 

 declines came in prices of beef cattle, hogs and soybeans. They were 

 at or above parity, beef cattle and soybeans being far above 110 per 

 cent of parity. Butter prices are supported directly by the government, 

 and no ceiling has been indicated to date for egg prices. Although the 

 hog- and beef cattle-feed ratios are still favorable to feeders, the 

 pressure upon prices of livestock was reflected in lower prices for com* 

 Liquidation of May futures has also tended to depress grain prices. 



