. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. # Extension Service in Agricultuie and Home Economics RtCEIVED University of Illinois College of Agriculture, Urbana y fyJAR 16 ID45 WEEKLY EEVIEW AND FABM OUTLOOK LETTEE ^ ]y^ ANIMAI. HU5^P*Mr>ov By G. L. Jordan j-^^r : igq-r-y ^^ ff^f Profesfeor, Agricultural Economics (Prepared March 15) '1^^^ APR 1 0 i24B The livestock markets were characterized by small receipts of hogs and in- creasing supplies of cattle. Hogs bring ceiling prices and^buyers"'are litiiibl^ to get any
. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. # Extension Service in Agricultuie and Home Economics RtCEIVED University of Illinois College of Agriculture, Urbana y fyJAR 16 ID45 WEEKLY EEVIEW AND FABM OUTLOOK LETTEE ^ ]y^ ANIMAI. HU5^P*Mr>ov By G. L. Jordan j-^^r : igq-r-y ^^ ff^f Profesfeor, Agricultural Economics (Prepared March 15) '1^^^ APR 1 0 i24B The livestock markets were characterized by small receipts of hogs and in- creasing supplies of cattle. Hogs bring ceiling prices and^buyers"'are litiiibl^ to get anyways near as many as they wish. Cattle prices have remained steady considering quality of receipts. Short-feds dominate the receipts and substantial premiums are paid willingly for high-quality steers. The demands for all meats are so strong that slaughterers take practically everything that has enough flesh to kill. This has a tendency to run up the price of feeder stock and discourages replacement in the feed- lots. This will eventually reduce the total tonnage of beef. The wheat market has been exceptionally strong and this strength has been reflected in other grains. In spite of the favorable war outlook, the wheat market is dominated at the moment by the inability to obtain boxcars for shipment of prlvateHy owned grain. Another factor that affected the wheat market during the past week was the vote to continue the Commodity Credit Corporation and greatly expand its borrowing powers. That means that it will have funds to support the market for farm products. Canada has announced their grain program for 19^5-^• It includes the con- tinuation of the guaranteed price of $ a bushel, basis No. 1 Northern, in store at Fort Williams, Fort Arthur or Vancouver. Growers will again receive participation certificates entitling them to share in any profit that might be realized by the gov- ernment in the sale of the wheat. The guaranteed price of $ a bushel will not be paid fo
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