■ V, .'^_».i_4' » ' ^*y^ y V "^' ' T. 



d 



WEEKLY MARKET REVIEW AND FARM OUTLOOK 



By G. L. Jordem 

 Professor, Agricultural Econamics 

 University of Illinois 

 College of Agriculture 



(Prepared September 30 ) 



(Highlights of the Weekly Market Review and Farm Outlook are troadcast each Friday 

 from 12:l<-8 to 12:55 p.m., as part of the Illinois Farm Hour, Station WILL, 58O 

 kilocycles.) 



Cojnmodity Prices at Chicago 



*Ceiling prices 

 **Trading in corn futures is not permitted 



# 



As hog receipts picked up, prices declined during the past week in anticipa- 

 tion of the $ll+.75 ceiling which beconea effective Monday. Tuesday hog prices reached 

 the lowest point in six weeks with receipts at Chicago 22 thousand and the top price 

 $lU,90 for good and choice 190- to 500-pound hogs. No serious collapse in hog prices 

 is expected if orderly marketing is practiced. 



Corn price guarajitee renewed . As a result of the urgent need for more old 

 crop corn in commercial channels, the government renewed its promise to pay farmers 

 the difference between present ceiling prices and any higher ceiling prices allowed 

 through November 30. This reinstated promise applies only to corn marketed by pro- 

 ducers in Area A, which includes Illinois, Iowa, eastern Nebraska, east South I^ota, 

 and south Minnesota, and it applies to all com sold by these producers to elevators 

 for the account of the Ccramodity Credit Corporation and delivered between September 26 



