9 



WEEKLY MARKET REVIEW AND FARM OUTLOOK 



By 0, L. Whalin 

 Associate Professor, Agrlcultu3?al Extension 



(Prepared September 6) 



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

 from l2:kS to 12:55 p.m., as part of the Illinois Farm Hour, Station WILL, 580 kilo- 

 cycles.) 



Commodity Prices at Chicago 



I^ecemtber futures 

 (close) 



Wednesday 



September 5 1 19^5 Week a go 



Wednesday 



Week ago 



Wheat (No. 2 red) 

 Com (No. 2 yellow) 

 Oats (No. 2 white) 

 Butter (92 score) 

 Eggs (current receipts) 

 Hogs (top price paid) 

 Cattle (top price paid) 

 Hog- com ratio, Chicago, 

 September 6 



$ 1.66 1/2 

 1.18 1/2 

 .60 5 A 

 M 

 .53-. 35 

 1*^.75» 

 18.00* 



$ 1.66 5/8** $1.6U 1/2 

 1.18 1/2* 1.15 5/8 

 .62 .59 5/8 



.1^1* 

 .35-. 37 

 1»^.75* 

 18.00* 



12.2 



$1.63 3 A 



1.15 3 A 



.58 7/8 



♦Ceiling prices. 

 **Nominal. No cash sales. 



Markets for agricultural products have been affected during the past week 

 by the uncertainties both of the weather euid of the transition from war to peace. 

 During the week cattle prices broke sharply by about $1.00 a hundredweight, even 

 though the better cattle recovered rapidly eind top lots continued to sell at $l8, the 

 ceiling price. The cattle price decline has been attributed both to decreased govern- 

 ment takings of meats for the armed forces and to seasonally heavy runs of grain- fed 

 cattle from the corn-belt states. The liberal movement of grain- fed cattle is pre- 

 sumably partly the result of a tight old-corn situation. It meiy be, however, that 

 some feeders are marketing ecurly because of the theory that the end of the war may 

 soon contribute to a definite decline in demand. 



Livestock receipts . Although recent receipts of all cattle at the 12 mar- 

 kets have increased materially, the total for August was 2Qri,k2h against 252,085 a 

 year earlier. Cattle receipts for the 11 months ending September 1 at the 12 markets 

 were 1,272,216 compared with 1,15^,U1|.2 a year earlier. 



Feeder steers received at four markets, Chicago, Kansas City, Omaha, and 

 St. Paul, for August totaled 60,075 against 89,216 a year earlier. 



The hog receipts at the 12 markets totaled 5i<-5,110 for August against 

 1,312,19*1 a year earlier. 



Turkey production . The turkey production for 19^5 is expected to be 

 14-14., 150,000 compared with 36,314-2,000 for 19l^lf. 



