X .-- 





WEEKLY MARKET REVIEW AND FARi>l OUTLOOK 



By G-. L. Jordan 

 Professor, Agricultural Economics 

 University of JjUinois 

 College of Agriculture •"^''-'- 





/. f 



RECEIVED 



MAY 3 1942 



DEANS orFice 



ACT 



(Prepared Maj'- S) ^. 



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

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

 Station V/ILL, 56O kilocycles,) 



Commodity Prices at Chicago 



Cash 



July futures 



Thursday (close) 



Ma^'- 7, 19^2 Week aF?o Thursday Week ap:o 



VTheat (No. 2 soft 

 red winter) 



Corn (No. 3 yellow, 

 nev;-) ' 



Oats (No. 2 white) 



Soybeans (No. 3 



yellow) 



Butter (50-91 

 score) 



Eggs (current 



receiots) 



Kogs (top price) 



Cattle (top price) 



Hog- corn ratio, 

 Chicago May 2 



% 



§1.25-'- 



.gH-.^6-| .go|-.g3 .90 

 .5S-J-.594 .57 -.57i .57 i/g 



l»gl-l.g2 



1.72 



16.9 



17.1 



$1.22 1/S 



.55i 



1.S7 3/^ 1.79-J 



All grains made substantial recoveries in price during the 

 past week. The improvement was most marked in soybeans and corn with 

 gains of about 9 to 10 cents in the cash price of beans, and 3i cents in 

 the cash price of corn. Doubtless, the general recovery of confidence 

 in the war situation, but more especially the belief that the present 

 laws pertaining to price limitations on farm products .would stand for a 

 couple of months, contributed to the improvement. Talk of revising 

 upward the "parity" price of soybeans also helped* Livestock and 



