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WEEKLY MAKKET REVIEW P^ FARM OUTLOOK 



By G. L. Jprdan 

 Professor, Agricultural Economics 

 University of Illinois 

 College of Agriculture ^ 



(Prepared October 1^^-) 



(Highlights of the Weekly Meirket Review and Farm Outlook are broadcast each Friday from 

 12:1+8 to 12:55 p.m., as part of the Illinois Farm, Hour, Station WILL, 58O kilocycles.) 



Ccmmodity Prices at Chicago 



Cash 



Wednesday 



October 15. 19lf5 V^^X affo 



December futures 

 (close) 

 Wednesday Week ago 



Wheat (No, 2 hard red winter) 



Corn (No. 3 yellow) 



Oats (No. 2 white) 



Butter (92 score) 



Eggs (current receipts) 



Hogs (top price paid) 



Cattle (top price paid) 



Hog-corn ratio, Chicago 

 October 9 



* 



$1.53 5/8 $1.51 7/8 



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.78 3/8 .76 5/8 



13.9 



13.9 



♦Celling prices 

 ♦♦Trading in corn futures is not permitted 



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Practically all classes and grades of hogs brought ceiling prices during 

 the past week. Lots of farmers took advantage of this situation to unload off -grade 

 stuff. Receipts began to pick up by Wednesday and the poorer quality hogs were sold 

 at some discount. Stocker cattle brought $11.50 to $13.50 at Chicago Wednesday; 

 strictly good and choice cattle brought $15.75 to $l6.50. 



All grains were strong in response to the crop report. 



The War Meat Board is meeting at Washington with government officials to 

 study a proposed "cattle management plan." The details have not teen divulged but 

 presumably involve control of cattle prices — not necessarily a true ceiling on live 

 cattle but possibly spreads including a "high-low price control" scheme. . 



