Grain & Soybean Date: January 26, 2012
Soybeans
Local Elevators:
(Jan) EAST AR: 1197 to 1225
(NC) Summ. 1180 to 1202
River Elevators:
(Jan) MISS: 1252 to 1258 ; AR & White 1206
to 1241
(NC) Summ. 1192 to 1232
Ark. Processor Bids: (Jan) 1221 to 1228
(NC) 1202 to 1207
Memphis:
(Jan) 1252 3/4 to 1257 3/4 (NC)
1229 3/4 to 1231 3/4
Riceland Foods:
(Jan) Stuttgart 1225 ; Pendleton
1225
() Stuttgart ; Pendleton
| Chicago Futures: |
March |
up |
9 1/4 |
at |
1222 3/4 |
| |
May |
up |
9 1/4 |
at |
1232 |
| |
July |
up |
9 1/4 |
at |
1241 3/4 |
| |
Aug |
up |
9 1/4 |
at |
1239 1/2 |
| |
Nov'12 |
up |
8 |
at |
1221 3/4 |
| |
Today's Arkansas LDP rate for soybeans is: |
0¢ |
Soybean Comment
Soybeans closed higher again today as outside markets provided support early in the session. Both old and new crop contracts are poised to potentially test the next resistance around $12.50.
Wheat
Cash bid for January at Memphis 677 1/2 to 678 1/2;
| Bids to farmers at Local Elevators |
630-655; |
| River Elevators |
685; |
| Chicago Futures: |
March |
up |
12 1/4 |
at |
653 1/2 |
| |
May |
up |
10 1/2 |
at |
666 3/4 |
| |
July |
up |
8 3/4 |
at |
680 |
| |
Sept |
up |
7 1/2 |
at |
694 1/2 |
| |
Dec |
up |
7 3/4 |
at |
711 |
| |
Today's Arkansas LDP rate for wheat is: |
0¢ |
Grain Sorghum
Cash bid for January at Memphis 11124 to 1133;
| Bids to farmers at River Elevators |
1071-1134; |
| Today's Arkansas LDP rate for sorghum is: |
0¢ |
Corn
| Cash bid for |
January at Memphis
664 1/2 to 675 1/2; |
| |
New Crop at Memphis
573 3/4 to - - -; |
| Bids to farmers at River Elevators |
647 to 670 |
| Chicago Futures: |
March |
unchanged |
0 |
at |
634 1/2 |
| |
May |
down |
2 |
at |
640 |
| |
July |
down |
2 |
at |
643 3/4 |
| |
Sept |
up |
1 3/4 |
at |
588 3/4 |
| |
Today's Arkansas LDP rate for corn is: |
0¢ |
Grain Comment
Wheat futures were higher today, mostly on carryover support from outside markets. The potential for production problems in the Ukraine and in Russia were also supportive.
Corn closed steady to slightly higher but well off the day’s highs despite positive fundamental news. Export sales appear to be improving and use for ethanol while down from December remains better than prior to that time. Corn is continuing to retrace big losses that followed the January report. December resistance around $5.90 could be hard to exceed.
Cotton & Rice Date: January 26, 2012
Cotton
| Spot Price, Grade 41 Staple 34: |
Memphis down 133 at
8909 |
| |
Greenwood down
133 at 8909 |
| New York Futures: |
March |
down |
133 |
at |
9559 |
| |
May |
down |
132 |
at |
9604 |
| | July |
down |
127 |
at |
9637 |
| | Oct |
down |
102 |
at |
9617 |
| | Dec 12' |
down |
44 |
at |
9425 |
| This week's LDP rate for cotton is |
0 cents |
| |
The estimate for next week is |
0 cents |
Cotton Comment
Cotton was sharply lower as the market hasn’t been able to work through key resistance. World demand will have to increase to allow the market to move above the dollar level.
Rice
| Long Grain Cash Bid for |
Jan |
1260 |
to |
1282/cwt |
| |
- - - |
- - - |
to |
- - - |
| Chicago Futures: |
March |
up |
10 |
at |
1469 |
| | May |
up |
10 |
at |
1496 1/2 |
| | July |
up |
10 |
at |
1524 |
| | Sept |
up |
9 |
at |
1516 |
| | Nov |
up |
5 1/2 |
at |
1534 |
| Today's Arkansas LDP rate for long grain rice is |
0¢ |
| medium grain rice is |
0¢ |
Rice Comment
Rice firmed in today’s trade but remains in a narrow range that has contained the market for the last 4 weeks. It appears the U.S. didn’t get any of the Iraq tender that was completed today. Early thoughts were U.S. would get into that market for the first time in well over a year.
Cattle & Hogs Date: January 26, 2012
Cattle
As reported by Federal-State Market News, receipts were 1546 head
at sales in Charlotte, Ratcliff and Green Forest.
Compared with last week, feeder steers sold $5 higher .
| Steers: |
| Medium & Large Frame 1 |
400 |
to |
450 lbs. |
191.50 |
to |
- - - |
|
| |
500 |
to |
550 lbs. |
173 |
to |
- - - |
|
| |
600 |
to |
650 lbs. |
159 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
165.50 |
to |
- - - |
Heifers: |
| Medium & Large Frame 1 |
500 |
to |
550 lbs. |
147 |
to |
- - - |
|
| Medium & Large Frame 2 |
600 |
to |
650 lbs. |
136 |
to |
- - - |
Slaughter Cows, Boners 65 to 74
Light Weight 46 to 55
Bulls, Yield Grade 1
1000 to 2100 lbs. 78
to 88
Midwest Steers were at - - -
to - - -
Panhandle Steers were at - - -
to - - -
Oklahoma City Feeders
|
| Steers |
500 |
to |
550 lbs. |
- - - |
to |
- - - |
| |
550 |
to |
600 lbs. |
- - - |
to |
- - - |
| Heifers |
500 |
to |
550 lbs. |
- - - |
to |
- - - |
| |
550 |
to |
600 lbs. |
- - - |
to |
- - - |
Chicago Futures:
| Live Cattle: |
Feb |
down |
130 |
at |
12455 |
| |
April |
down |
112 |
at |
12805 |
| Feeders: |
March |
down |
137 |
at |
15362 |
| |
Aug |
down |
105 |
at |
15810 |
Cattle Comment
Cattle futures were under pressure today from ideas that negative packer margins will prevent cash prices from moving higher. February failed to hold above resistance at $125.
Hogs
Peoria: were .50 cents higher
at 5750 to 5950
| Chicago Futures: |
Feb |
down |
67 |
at |
8595 |
| |
April |
down |
142 |
at |
8680 |
Hogs Comment
Falling product values have renewed concerns about the strength of pork demand, and hog futures lost ground as a result. Packer margins are already in the red, and weaker product prices don't bode well for cash bids in the near term.
Poultry Date: January 26, 2012
Eggs
| New York: |
Ex. Lg. 103-107; Lg. 101-105; Med. 88-92; |
| Chicago: |
Ex. Lg. 96-104; Lg. 94-102; Med. 79-87; |
National Turkeys
| Hens: |
8-16 lbs. |
89 |
| Toms: |
16-24 lbs. |
89 |
| |
|
|
Delmarva Broilers
U.S. Grade AWhole broiler/fryer prices are about steady. Offerings of all sizes are moderate for trade needs. Demand into all channels is light to moderate with limited trading. Market activity is slow to moderate. In production areas, live supplies are moderate at mixed, but mostly desirable weights.