

WEEKIZ MARKET REVIEW AND FARl-I OUTLOOK 



By >1r. L, Jordan 

 Professor, Agricultural Economics 

 University of Illinois 

 College of Agriculture i-^ -'- 



t/i 



(Prepared May I5) 



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

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

 Station WILL, 580 kilocycles.") 



Commodity Prices at Chicago 



Cash 



Thursday 



May 1^'-, 19^2 Week ago 



July futures 



( close) 



Thursday 



Week ag^o 



Wheat (No. 2 soft 

 red winter) 



Corn (No. 3 



yellow) 



% 



$1.23 5/2 $1.25 J 



,852^»S6 



.gi^-i-.gSJ .39 



• 90 



In general grains lost about one-half of the previous week's 

 gain. Livestock and butter and eggs were about ster.dy. The price-fixing 

 legislation and the indication that Congress ^orobably would acceed to the 

 Administration's request for permission to sell wheat and corn for feed 

 at prices below parity (v/hich has been the recent procedure) probably 

 had a tendency to depress prices. The government report indicating like- 

 lihood of a bumper wheat crop was also bearish. On the other hand 



prices 

 recent rains have tended to delay corn planting and corn/have held up wei: 



