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Daily Market Report Archive

Grain & Soybean Date: March 01, 2012

Soybeans

Local Elevators:
(March) EAST AR:  - - - to - - -
(NC) Summ. - - - to - - -
River Elevators:
(March) MISS: - - - to - - - ; AR & White - - - to - - -
(NC) Summ. - - - to - - -
Ark. Processor Bids: (March) - - - to - - -  (NC) - - - to - - -
Memphis:  (March) - - - to - - - (NC)  - - - to - - -
Riceland Foods:  (March) Stuttgart  ; Pendleton  
 (NC) Stuttgart  ; Pendleton  

Chicago Futures: May up 2 1/2 at  1322 1/2
  July  up  1 3/4  at  1329 1/2
  Aug up 3 1/2  at  1320 1/2
  Sept up 4 3/4  at  1305 1/4
  Nov up 5 1/4  at  1294 1/4
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans edged higher after reversing early declines. Most factors, fundamental and technical pointed lower, but somehow soybeans continued their upward trend. That was a strong showing that suggests the market may still move higher. However, the upside would appear limited from this point.

Wheat
Cash bid for March at Memphis  - - - to - - -;

Bids to farmers at Local Elevators - - -;
River Elevators - - -;

Chicago Futures: May down  at  664 
  July down 4 1/2  at  676 
  Sept down  5 1/4  at  691 1/4 
  Dec down  6 1/2  at  707 
  Mar 13 down  7 1/4  at  719 3/4 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for March at Memphis  - - - to - - -;

Bids to farmers at River Elevators - - -;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for March at Memphis   - - - to - - -;
  New Crop at Memphis   - - - to - - -;
Bids to farmers at River Elevators  - - - to - - -

Chicago Futures: May down  at  654 
  July down  at  655 1/2 
  Sept down  2 3/4  at  598 
  Dec down  1 3/4  at  566 3/4 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat futures were lower. A disappointing export report showed 18.7 million bushels sold last week. The trade was expecting a larger total. A large, surprising sale to Iran was announced this morning, providing some support.

Corn slipped lower following a government estimate out of Argentina that put production higher than recent private projections. There is growing concern that some corn acres are moving to beans so down side should be limited as long as beans are moving higher.



Cotton & Rice  Date: March 01, 2012


Cotton

Spot Price, Grade 41 Staple 34: Memphis  - - - at  - - -
  Greenwood unchanged  - - - at - - -

New York Futures: May down  77  at  8967 
  July down  82  at  9105 
 Oct down  90  at  9188 
 Dec down  30  at  9088 
 Mar 13 down  40  at  9228 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton closed lower with expiring March down sharply. Growing world stocks are a major burden, but downside is limited as long as China is in a stocks building mode. Their stated goal is 30 million bales and they have a ways to go.

Rice

Long Grain Cash Bid for  March  to  - - -
  NC  to  - - -

Chicago Futures: May down  21 1/2  at  1424 1/2 
 July down  21 1/2  at  1451 
 Sept down  20  at  1474 1/2 
 Nov down  20  at  1498 1/2 
 Jan down  7 1/2  at  1531 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice took another hard lick closing sharply lower and retracing any recent gains. Poor export sales continue to plague the market and there may not be any substantial upside even with smaller U.S. plantings in 2012.



Cattle & Hogs  Date: March 01, 2012

Cattle
As reported by Federal-State Market News, receipts were 953 head at sales in Charlotte and Ratcliff.  Compared with last week, feeder steers sold mostly steady .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 201 to - - -
  500 to 550 lbs. 186 to - - -
  600 to 650 lbs. - - - to - - -
 Medium & Large Frame 2   400 to 450 lbs. 176.50 to - - -

Heifers:
 Medium & Large Frame 1   500 to 550 lbs. 158 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 154 to - - -

Slaughter Cows, Boners 77   to   84
Light Weight 64 to 68
Bulls, Yield Grade   1-2   1000   to   2100 lbs.   93.50   to   - - -
Midwest Steers   - - -   at   - - -   to   - - -
Panhandle Steers   - - -   at   - - -   to   - - -

Oklahoma City Feeders
Steers - - - to - - - lbs. - - - to - - -
  - - - to - - - lbs. - - - to - - -
Heifers - - - to - - - lbs. - - - to - - -
  - - - to - - - lbs. - - - to - - -

Chicago Futures:
Live Cattle: April up 120 at 13095
  June up 90 at 12812
Feeders: April up 160 at 16177
  Aug up 125 at 16430

Cattle Comment
Cattle set a new record high today. Stronger boxed beef prices and stock market gains were supportive.

Hogs
Peoria: were     steady   at   57   to   59

Chicago Futures: April up 77 at 9020
  June up 65 at 9930

Hogs Comment
Hog futures were also stronger. Export movement continues to be supportive.



Poultry  Date: March 01, 2012

Eggs

New York:  Ex. Lg. - - -; Lg. - - -; Med. - - -;
Chicago:  Ex. Lg. - - -; Lg. - - -; Med. - - -;

National Turkeys
Hens: 8-16 lbs. - - -
Toms: 16-24 lbs. - - -
 

Delmarva Broilers
U.S. Grade A
Whole broiler/fryer prices are firm to higher. Offerings of all sizes are light to satisfy current trade needs. Demand into all channels is moderate to good approaching the weekend. Market activity is moderate to mostly active. In production areas, live supplies are moderate at mixed, but mostly desirable weights.