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WEEKLY MABKET EEVIEW AND PARM OITTLOCK 



By G, L, Jordan 

 Professor, Agricultural Econcmlcs 



(Prepared August 30) 



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

 from 12:if8 to 12:55 p.m., as part of the Illinoie Farm Hour, Station WILL, 580 kilo- 

 cycles . ) 



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Com and oats are in active demand at steady to firm prices. Com receipts 

 are far below the needs of the trade, and ceiling prices are offered. The movement 

 of com to market has been so light that the northeastern feed men have appealed to 

 the Commodity Credit Corporation to channel some of its government -owned com into 

 that area for feed purposes. The supply condition is tight all along tho oast coast. 

 Farmers appear to be reluctant to sell their com until they are sure that the quan- 

 tity and quality of the new crop will be adequate to take care of their own needs. 



Hogs bring ceiling prices; cattle prices are steady; but lambs are weak. 

 In spite of the fact that receipts of cattle at Ktmsas City Monday totaled about 30,000 

 head, which was the largest volume of the year, prices at Chicago were generally steady. 

 Fed steers were in very liberal supply at Chicago for this season of the year, but the 

 demand vas excellent for choice grades. Although receipts of slaughter spring lambs 

 were light following last week's break of one dollar in prices, the price continued 

 to sag further. The (xily unusual development in the hog situation was a report that 

 there was a growing flow of small pigs to southern sale outlets for immediate slaughter 

 under the guise of feeder sales. Packers report that the volume is growing to a point 

 where it threatens to beccme a menace to the yield anticipated for the fall pig crop 

 and the production of lard. The government stated that the volume of the small pig 

 business was not exhaustive enough to warrant re cnmmendat i one that maximum price reg- 

 ulations be extended to include young pigs. Prices of egg futures continued the weak- 

 ness they have shown since V-J day. 



Feed outlook by regions . In the north Atlantic states the feed grain supply 

 on the basis of the August 1 crop report will exceed that of a year earlier by about 

 five percent, with the expected carry-over on October 1 slightly larger this year than 

 last. Feed needs may equal those of a year earlier if enough young chickens are left 

 to again increase the number of layers. This is a feed-deficit area. In the eastern 



