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li^EKLY MARKET REVIEW AND FARM OUTLOOK 



By G. L. Jordan 

 Professor, Agricultural Economics 



University of Illinois jhi utN'" f' 

 College of Agriculture 



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(Prepared August 7) 



v.- y 



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

 each Friday from 12:^g to 12:S5 o.m. , as r)art of the Illinois Farm Kcu 

 Station WILL, 5gO kilocycles.) 



Commodity Prices at Chicago 



Cash 



Thursday 

 August 6, 19^2 



Decemb er futures* 

 (,close ) 



Week ago Thursday Week ago 



Whef.t (No. 2 soft red 



winter) % 



Corn (No. 3 yellow, 



new) .25-^-. ^6 3 A 



Oats (No. 2 white) .5O-.5O 3A 



Soybeans (No. 2 yellow) l.yii 



Butcer (50-5I score) .39t-.394 



E^;gs (current receipts) .3I2 



Hogs (top price paid) I5.OO 



< 



jpi.2o 3A 11.20^ 



Cattle (toiD r.irlce 

 paid) 



Hog-corn ratio, 

 Chicago, August 1 



16.10 



16.2 



15.50 



16.6 



* November butter and October eggs. 



Cash grain prices at Chicago recovered practically all of their 

 loss of last Friday, Saturday and Monday. However, prices of December 

 futures in corn, oats and soybeans failed to recover completely. Corn 

 futures were the weakest. Butter and egg orices strengthened, while 

 prices of hogs and cattle remained strong and neaj? the upper limit 

 consistent with ceiling prices on pork and beef. The feeding ratio con- 

 tinues favorable to hog producers. The government announced selling 



