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: |
0¢ |
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: |
0¢ |
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: |
0¢ |
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 |
1 |
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: |
0¢ |
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 |
0¢ |
| medium grain rice is |
0¢ |
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 AWhole 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.