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WEEKIZ MARKET REVIEW AND FARM OUTLOOK 



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By L. J. Norton 

 Professor, Agricultural Economics 

 University of Illinois 

 College of Agriculture u, .,p^f':^ •• -^ 



RECEIVE': 



JUL 11 •-- 



OCAN* OFFICi 

 AOR U 



{Prepared July 10, 19^2) ^-"^ : • > 



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

 each Friday from \2\\^ to 12: S5 p.m., as part of the Illinois Farm Hou 

 Station WILL, 5^0 kilocycles.") 



Commodity Prices at Chicago 



Thursday 



Cash 



September futures^ 

 (close) ^ 



Wheat ^No. 2 soft 

 red winter) 



Corn (No. 3 yellow. 



July 9> 19^2 Week ago Thursday Week ago 



*l-23 3 A *1.20j 



* October soybeans, November butter and October eggs. 



All grains were higher for the week. The action of the Senate 

 in approving full parity loans on wheat and corn was credited with part 

 of this advance. The general advance in prices of stocks may also reflect 

 a change in attitude on the part of investors which may have been re- 

 flected in the grain markets. Butter prices changed but little diiring 

 the week. Eggs were higher. "Current receipts" were up one cent a dozen 

 and October futures, two-tenths of a cent. The top in the hog market was 

 15 cents higher than a week earlier, although not as high as at the end 

 of last week. Heavier receipts in the early part of the week erased this 

 extreme top. Top quotation on cattle was a dime lower than a week earlier. 



