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Daily Market Report Archive

Grain & Soybean Date: March 02, 2012

Soybeans

Local Elevators:
(Mar) EAST AR:  1312 to 1340
(NC) Summ. 1268 to 1301
River Elevators:
(Mar) MISS: 1353 to 1357 ; AR & White 1321 to 1345
(NC) Summ. 1286 to 1309
Ark. Processor Bids: (Mar) 1331 to 1338  (NC) 1295 to 1298
Memphis:  (Mar) 1355 to 1360 (NC)  1309 to - - -
Riceland Foods:  (Mar) Stuttgart 1338 ; Pendleton 1340 
 (NC) Stuttgart 1298 ; Pendleton 1301 

Chicago Futures: March up 11 1/2 at  1328 1/4
  May  up  10 1/2  at  1333
  July up 10 3/4  at  1340 1/4
  Aug up 10  at  1330 1/2
  Nov up 3 3/4  at  1298
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans continue to trend higher but are subject to topping at any time.

Wheat
Cash bid for March at Memphis  685 1/2 to 688 1/2;

Bids to farmers at Local Elevators 656-676;
River Elevators 661-696;

Chicago Futures: March up  11 1/2  at  670 3/4 
  May up 10 1/2  at  674 1/2 
  July up  10 1/4  at  686 1/4 
  Sept up  10  at  701 1/4 
  Dec up  9 1/2  at  716 1/2 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for March at Memphis  1170 to - - -;

Bids to farmers at River Elevators 1107-1134;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for March at Memphis   678 to 680;
  New Crop at Memphis   599 1/2 to - - -;
Bids to farmers at River Elevators  660 to 675

Chicago Futures: March up  5 1/4  at  659 
  May up  at  655 
  July up  3/4  at  656 1/4 
  Sept up  6 1/2  at  604 1/2 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Corn was under pressure most of the day. Negative outside markets were a factor. New crop upside limited by potential 2012 acres.



Cotton & Rice  Date: March 02, 2012


Cotton

Spot Price, Grade 41 Staple 34: Memphis down 144 at  8223
  Greenwood down  144 at 8223

New York Futures: March down  100  at  8746 
  May down  144  at  8823 
 July down  146  at  8959 
 Oct down  126  at  9062 
 Dec down  96  at  8992 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton was sharply lower falling back below 90 cents for new crop. Demand for exports remains a key factor.

Rice

Long Grain Cash Bid for  March 1270/cwt  to  - - -
  NC 1350/cwt  to  - - -

Chicago Futures: March up  26 1/2  at  1426 1/2 
 May up  26  at  1450 1/2 
 July up  26  at  1477 
 Sept up  25 1/2  at  1500 
 Nov up  25 1/2  at  1524 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice reversed yesterday's decline but overall fundamentals will limit upside.



Cattle & Hogs  Date: March 02, 2012

Cattle
As reported by Federal-State Market News, receipts were 8,640 head at sales in Arkansas this week.  Compared with last week, feeder steers sold somewhat uneve, mostly weak to $4 lower .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 204 to - - -
  500 to 550 lbs. 187 to - - -
  600 to 650 lbs. 169.50 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 184 to - - -

Heifers:
 Medium & Large Frame 1   500 to 550 lbs. 170 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 168 to - - -

Slaughter Cows, Boners 80   to   87
Light Weight 60 to 68
Bulls, Yield Grade   1   1000   to   2100 lbs.   90   to   98.50
Midwest Steers   were   at   130   to   - - -
Panhandle Steers   were   at   130   to   - - -

Oklahoma City Feeders
Steers 500 to 550 lbs. 184 to 204
  550 to 600 lbs. 170 to 196.75
Heifers 500 to 550 lbs. 161 to 184
  550 to 600 lbs. 150.50 to 171.50

Chicago Futures:
Live Cattle: April down 100 at 12995
  June down 85 at 12727
Feeders: April down 45 at 16132
  Aug down 27 at 16402

Cattle Comment

Hogs
Peoria: were     steady   at   57   to   59

Chicago Futures: April up 22 at 9042
  June up 20 at 9950

Hogs Comment



Poultry  Date: March 02, 2012

Eggs

New York:  Ex. Lg. 102-106; Lg. 100-104; Med. 77-81;
Chicago:  Ex. Lg. 93-101; Lg. 91-99; Med. 69-77;

National Turkeys
Hens: 8-16 lbs. 101.52
Toms: 16-24 lbs. 101.44
 

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