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WEEKLY MARICET EEVIEW AM) FARM OUTLOOK 



By G. L. Jordan 

 Professor, Agricultural Economics 

 University of Illinois 

 College of Agriculture 



(Prepared February 1?) 



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

 from 12:i|-8 to 12:=5 p.m., as part of the Illinois Farm Eour, Station WILL, !;£0 kilo- 

 cycles.) 



Commodity Prices at Chicago 



Wheat (No. 2 hard red winter) 

 Corn (No. 5 yellow) 

 Oats (No. 2 mixed) 

 Butter (92 score) 

 Eggs (current receipts) 

 Hogs (top price paid) 

 Cattle (top price paid) 

 Hog- corn ratio, Chicago, 



Cash 



Wednesday 



February I6, 19^^ Wee k ago 



(closeT 



Wednesday 



May fut^ores 



Week £igo 



$1.71 l/Q^** $ 



.Ul* 



.52 



13.85 

 17.00 



February 1 



.Ifl* 



13.75 

 17.00 



11.5 



$1.69 3/8 



.79^ 



$1.70 3A 



--♦♦ 

 .79 5/B 



^Ceiling prices. 

 ■^*Trading in corn futures is not permitted. 

 **->^Eids--no offers. 



Peach -prospects still good . The peach prospects in southern Illinois remain 

 good despite the snow and subzero weather that followed an unseasonally warm spell 

 according to Professor M, J. Dorsey, Head of the Department of Horticulture. In most 

 areas, not more than 20 to 50 percent of the peach buds have been killed. Doctor 

 Dorsey explained that it takes only about 20 percent of the buds to make a crop so 

 there are plenty of live buds available. Considerable variation was reported for dif- 

 ferent varieties. At the fruit growers* school held at Newton, Monday, February 1^, 

 Dr. V. W. Kelley said that growers reported a kill of ^6 percent for the Hale Haven 

 variety; ^3 percent for Elbertas; 8 percent for Red Bird; and 5 percent for Champion. 



The U. S. Department of Agriculture reports a new record large crop of citrus 

 fruit indicated for 19^3-^^. The crop is slightly larger than the previous record es- 

 tablished last year and nearly two-thirds larger than the 1932-^^-1 average. Most of the 

 increase is in oranges. The per capita supply of fresh citrus fruits for civilians in 

 19i+if may be about 5 to 10 percent larger than the quantity consumed per capita in 19U5. 



Cold storage holdings of apples and pears are relatively small, and civilian 

 supplies cf canned fruits for the 19^3-^^ season probably will be about one-fo"jxth 

 smaller thein for the previous season. On the other hand, the per capita supply of all 

 dried fruits for civilian consumption during the 19^3-^^ season is about one-fo-orth to 

 one-third larger than the quantity consumed per capita in 19^2-i*-3. Raisins constitute 

 most of the increase . 



