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Com
Weakening corn prices are expected through the remainder of the summer because of plentiful supplies of corn nationally and the approaching new crop harvest. The u§ual sharp drop during September or October is expected again this year as prices adjust to the new crop supply. In addition, domestic demand for corn continues lender that of last year primarily because of less favorable livestock feed-price ratios and smaller pig crops. As of July 1, prospective corn production for the Nation was estimated at 5 per cent under 1963. A larger carryover. however, indicates a total supply for 1964-65 slight ly above 1963-64. Prices last week for No. 2 corn were $ l.37-$ 1.38 at Rich mond, $1.30-$ 1.37 at Norfolk $1.40-$1.47 in the Shenandoah Valley, $1.38 at Baltimore, and $1.23 l/4-$1.23 1/2 at Chicago.
Hogs
The short term outlook indicates hog prices will remain around present levels.
90.3%