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WSMLY MARKET REVIEW AND FARM OUTLOOK 



By (>• hm Jordan 

 Professor, Agricultioral Economics 

 University of Illinois 

 College of Agriciilture 



RCCCJVEO 



JUL 2 5 1942 



e«AM^ orrics 



(Prepared July 2^) 

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

 each Friday from 12:i|-g to 12:55 p.m., as part of Xtti^Illlnols Farm 

 Hour, Station WILL, 5^0 kilocycles.) 



\j .- 





Commodity Prices at Chicago 



Wheat (No, 2 soft red $ 



winter) 

 Corn (No. 3 yellow, .^^-.SSi 



new) 

 Oats (No. 2 white) .^i-.^i 



Soybeans (No. 3 yellow) 



Butter (90-91 score) .3S-.3gi 



Eggs (current receipts) .30 3/4-. 31 



Hogs (top price paid) 15.OO 



Cattle (top r)rice 15*25 



paid; 

 Hog-corn ratio, l6.^ 

 Chicago, July 12 



Cash "^ September futures'* 



Thursday (close) 



July 23j 19^2 Week ago Thursday Week ago 



^ — J — 41.19 3/2 *1.20 



$1.19 3/^ 

 .g5i^.g7 .90i 

 .50 3/^.52 .^ 5/^ 

 1.72-1.7^ 1*7H 

 .36i-.36i .3995 

 •31 .3^50 

 1^.25 

 1^.65 

 16.5 



♦1.20 

 .90 l/S 

 .^9i 

 i-75i 

 .33^^-5 

 .3^35 



♦October soybeans, November butter, and October eggs. 



Grain prices reached a low last Saturday and Monday, slightly 

 exceeding the low of July 6 for wheat, but slightly above it for corn, 

 oats and soybeans. There was a modest recovery from the low, but 

 Thursday closing prices for the most part were still somewhat below 

 the close of the preceding Thursday. Wheat marketings are slowing 

 down as the result of embargoes and more storage facilities on the farm. 



Thursday, Secretary Wickard announced that a plfin was under 

 consideration to alleviate the meat shortage in -some areas and to per- 



