1, WEEKIZ MARKET REVIEW AND FARM OUTLOOK o.an-. «- 



By Of* L* Jordan 

 Professor, Agricultural Economics 

 University of Illinois 

 College of Agriculture 



(Prepared June 5) "^ "' 



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

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

 Station ICCLL, 5850 kilocycles*) 



Commodity Prices at Chicago 



Cash July futures 

 Thursday (close) 

 June ^» 19^2 Week a^o Thursday Week a^o 



Wheat (No, 2 soft 



red winter) $ — ^ — §l.lSi $1.20 1/g 



Corn (No. 3 yellow) .g2-.gi]- 3A .gi^-.56 3A .^6 3A .g? 3A 



Oats (No. 2 v;hite) A^ 3/^.51* .53-.53i -^ 3A .50 3A 



Soybeans (No. 3 1.65-1.6^ 1.72 1.7^ 1.^0 1/S 



yellow) 



Butter (90-91 score) .354 .36 .3790 .37^0 



(Nov.) (Nov.) 



Eggs (current receipts). 29 .29 .3^30 .3^25 



(Oct.) (Oct.) 



Hogs (top price) 1^.35 1^.25 



Cattle (top price) 16.25* 16.25 



Hog-corn ratio, 



Chicago May 30 I6.6 l6.^ 



♦Nominal. No choice or prime steers sold. 



Prices of many farm products hit a new low this past week 



relative to recent quotations. Compared with prices at the close Friday, 



Hay 29* the low prices for this week represent declines as follows: 



(Chicago prices) wheat, July futures — 3 3/^ cents; corn, No. 3 yellow— 



^ 2 5/^ cents; oats, No. 2 white— 2 3/^ cents; soybeans. No. 3 yellov; — 



5 cents; rye, July futures — 6 5/^ cents; grease wool, July futures, N.Y. 



— 2.6 cents. There were substantial recoveries from these low orices. 



