

WEEKLI MARKET REVIEW AND FARI^ OUTLOOK 



By G. L. Jordan 

 Professor, Agricultural Economics 

 University of Illinois : . . 

 College of Agriculture 



RECEIVED 



MAr 29 1942 



OEAN 8 OFFICE 

 AOR) us? 



(Prepared May 29) L:::r.:.:- .. --- 



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

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

 Station WILL, 580 kilocycles.} 



Commodity Prices at Chicago 



* Nominal. No choice or prime steers sold. 



During the past week grain prices regained their equilibrium, 

 but at a level not much above last week's low. Corn and soybeajis shovw^ed 

 most strength, but wheat and oats were unable to make any improvement. 

 Cattle weakened a little, hogs were steady, butter weakened and eggs 

 were steady. Cash corn has been relatively strong in spite of last 

 week's decline in futures. The corn futures had been too high relative 

 to cash prices, probably in anticipation of a more rapid rise in cash 

 prices than actually took place. Such discrepa.ncies are corrected 

 during the delivery months, if not before. 



