

WEEKUf MARKET REVIEW AND FARM OUTLOOK 



By G-. L. Jordan 

 Professor, Agricultural Economics ^ 

 University of Illinois 

 College of Agriculture -' •'- 



receive:^ 



JUN \Z 1942 



DEANS OFFIce 

 ACR 



(Prepared June 12) 



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

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

 Station WILL, 580 kilocycles^) 



Commodity Prices at Chicago 



Cash 



Thursday 



June 11, 19^2 Week ago 



July^Tutures 

 Iclose) 

 Thursday Week ago 



Wheat (No. 2 soft 

 red winter) 



Corn (No. 3 yellow) 



Oats (No. 2 white) 



Soybeans (No. 3 



yellow) 



Butter (90-91 score) 



Eggs (current 



receipts) 



Hogs (top price) 



Cattle (top price) 



Hog- corn ratio, 

 Chicago, June 6 



.504^.51* 



i.65i-i.69i 1.65-1. 6g 

 .3^ 3/^.35i .35i 



.29 



ii^-.30 

 16.00* 



16.7 



$1.19 i/g 

 .g2-.Sii- 3A .^6i 

 .^9 3/^-51* -^^ 



1.714- 

 .3715^ 



(Nov.) 



•3390 

 (Oct.) 



.29 



1^.35 

 16.25* 



16.6 



^l.lSt 

 .36 3 A 

 .^ 3 A 



1.7^ 

 .3790 



(Nov.) 



.3^30 

 (Oct.) 



* Nominal. No choice or prime steers sold. 



Cash corn and oats were higher for the week. Hogs and cattle 

 were steady to weak, but fed shorn lambs were active Thursday with 

 prices 25 to 50 cents higher. Cash eggs v/ere steady, butter a little 

 weak and soybeans steady. The futures markets in grains had a nice 

 run-up Thursday, then settled back to about the average for the week. 

 Wheat showed the most strength. Rye temporarily checked its recent 

 precipitous decline. Soybean futures were unable to reach last week's 



