J J^ _^ WEEKLi: MARKET REVIEW AND FARl^I OUTLOOK ^ .m i --^ iq>»o 



---^^ ^2L_ JUL 1 '^ <^^ 



^ By G-. L. Jordan oeaj--* omc« 



Professor, Agricultural Economics ^^'^ 



University of Illinois 

 College of Agriculture 



(Prepared July 17 ) ^ 



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

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

 Station V7ILL, ^go kilocycles.) 



Commodity Prices at Chicago 



Cash September features * 

 Thursday (close) 

 July 16; 19^2 Week ago Thursday Week ago 



Wheat (No. 2 soft 



red winter) % % $1.20 $1.23 3A 



Corn (No. 3 yellow, 



Tii.v.) .gRi-.gy .^5i-.g7i -90 i/g .90 



Oats (No. 2 white) . 50 3 A- . 52 .504-.5li A^t .^9 1/g 



Soybeans (No. 3 



yellow) 1.72-1.7^- 1.73-3-1.76 1.75* 1.76 1/^ 



Butter (90-91 score) .36i-.36i .35 3/^.36 .33^^-5 .3790 



Eggs (current 



receipts) .3I .3I -3^35 • 3^^5 



Ho^'s (top price) 1^.85 1^.S5 



Cattle (tOTD price) 1^4-. 65 \\Xo 



Hog- corn ratio, 

 Gr.icago, July 11 I6.5 I6.6 



* October soybeans, November butter, and October eggs. 



G-rain markets were very erratic during the past week, largely 

 in response to legislative developments and White House attitudes. 

 Wheat suffered the most after a run-up of almost seven cents z. bushel. 

 Corn and oats showed more resistance on the relapse. SoyberLns behaved 

 ^ about like other grains but were not subject to hedging press-ore and 



clobed Thursde;^^ about 1 to 1§ cents below the previous Thursdaj^. Butter 

 stongthencd, eggs, hogs, and beef cattle were r.bout steady*. The 100- 



