Grain & Soybean Date: June 04, 2012
Soybeans
Local Elevators:
(June) EAST AR: 1309 to 1337
(NC) Summ. 1252 to 1277
River Elevators:
(June) MISS: 1336 to 1368 ; AR & White 1308
to 1326
(NC) Summ. 1262 to 1288
Ark. Processor Bids: (June) 1335 to 1343
(NC) 1272 to 1273
Memphis:
(June) - - - to - - - (NC)
- - - to - - -
Riceland Foods:
(June) Stuttgart 1335 ; Pendleton
1337
(NC) Stuttgart 1372 ; Pendleton
1377
| Chicago Futures: |
July |
down |
4 1/4 |
at |
1340 |
| |
Aug |
up |
1 1/4 |
at |
1319 3/4 |
| |
Sept |
up |
6 1/4 |
at |
1291 3/4 |
| |
Nov |
up |
10 1/4 |
at |
1268 1/4 |
| |
Jan |
up |
11 |
at |
1271 3/4 |
| |
Today's Arkansas LDP rate for soybeans is: |
0¢ |
Soybean Comment
Soybeans closed mixed with the lead july contract slightly lower. Renewed Chinese interest gave new crop contracts a little boost. China purchased 165,000 to China had indicated oil seed plantings are down almost 3% this year. November again tested supported just below $12.50. Additional Chart supported is located near $12.30. A close below this level would signal a probably move to just below $11.65.
Wheat
Cash bid for June at Memphis - - - to - - -;
| Bids to farmers at Local Elevators |
598-608; |
| River Elevators |
589-623; |
| Chicago Futures: |
July |
up |
15 1/2 |
at |
627 3/4 |
| |
Sept |
up |
15 1/4 |
at |
646 |
| |
Dec |
up |
15 3/4 |
at |
672 1/2 |
| |
March |
up |
17 3/4 |
at |
695 3/4 |
| |
May |
up |
15 1/2 |
at |
709 1/4 |
| |
Today's Arkansas LDP rate for wheat is: |
0¢ |
Grain Sorghum
Cash bid for June at Memphis - - - to - - -;
| Bids to farmers at River Elevators |
907-934; |
| Today's Arkansas LDP rate for sorghum is: |
0¢ |
Corn
| Cash bid for |
June at Memphis
- - - to - - -; |
| |
NC at Memphis
- - - to - - -; |
| Bids to farmers at River Elevators |
583 to 598 |
| Chicago Futures: |
July |
up |
16 1/2 |
at |
568 |
| |
Sept |
up |
12 3/4 |
at |
527 1/2 |
| |
Dec |
up |
13 3/4 |
at |
523 3/4 |
| |
March |
up |
4 |
at |
535 |
| |
Today's Arkansas LDP rate for corn is: |
0¢ |
Grain Comment
Wheat firmed today after closing last Friday on a weak note. A quickly moving harvest will pressure the market, while poor yields in the Sothern plains are supportive. July support is seen around $5.90.
Corn got a big boost from light spotty weekend rains. While they will help there are still concerns about sub soil moisture and the continuing need for rain as the crop progresses. December Corn will need to close above $5.35 to suggest the market has bottomed temporarily. Support remains $4.99.
Cotton & Rice Date: June 04, 2012
Cotton
| Spot Price, Grade 41 Staple 34: |
Memphis - - - at
- - - |
| |
Greenwood
- - - at - - - |
| New York Futures: |
July |
down |
6 |
at |
6853 |
| |
Oct |
down |
107 |
at |
6778 |
| | Dec |
down |
55 |
at |
6706 |
| | March |
down |
56 |
at |
6927 |
| | May |
down |
23 |
at |
7081 |
| This week's LDP rate for cotton is |
0¢ cents |
| |
The estimate for next week is |
0¢ cents |
Cotton Comment
Cotton closed lower again today, but the market did retrace a major portion of early declines. Concern about the U.S. economic outlook, as well as the ongoing saga in Europe is weighing on cotton. Rising world stocks and slow demand don’t bode well. December futures dipped below 65 cents and have shown little indication of bottoming.
Rice
| Long Grain Cash Bid for |
June |
12.11/cwt |
to |
- - - |
| |
NC |
12.53/cwt |
to |
- - - |
| Chicago Futures: |
July |
down |
28 |
at |
1376 |
| | Sept |
down |
28 |
at |
1402 1/2 |
| | Nov |
down |
28 |
at |
1428 1/2 |
| | Jan |
down |
27 |
at |
1453 |
| | March |
down |
28 |
at |
1476 1/2 |
| Today's Arkansas LDP rate for long grain rice is |
0¢ |
| medium grain rice is |
0¢ |
Rice Comment
Rice futures continued the downturn of the last 3 weeks. September is just cents away from the contract low of $13.95. Big world stocks and prospects of a good U.S. crop in 2012 are weighing on the market. Overall export demand remains weak.
Cattle & Hogs Date: June 04, 2012
Cattle
As reported by Federal-State Market News, receipts were 3832 head
at sales in Ash Flat, Springdale, Ola, and Heber Springs.
Compared with last week, feeder steers sold unevenly, averaging near steady .
| Steers: |
| Medium & Large Frame 1 |
400 |
to |
450 lbs. |
183.50 |
to |
- - - |
|
| |
500 |
to |
550 lbs. |
169.00 |
to |
- - - |
|
| |
600 |
to |
650 lbs. |
156.00 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
172.00 |
to |
- - - |
Heifers: |
| Medium & Large Frame 1 |
500 |
to |
550 lbs. |
149.50 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
155.00 |
to |
- - - |
Slaughter Cows, Boners 79.00 to 87.00
Light Weight 65.00 to 72.00
Bulls, Yield Grade 1
1000 to 2100 lbs. 95.00
to 105.00
Midwest Steers were at 119.00
to 122.50
Panhandle Steers were at 118.00
to 121.00
Oklahoma City Feeders
|
| Steers |
500 |
to |
550 lbs. |
181.00 |
to |
188.00 |
| |
600 |
to |
650 lbs. |
166.00 |
to |
168.00 |
| Heifers |
450 |
to |
500 lbs. |
168.00 |
to |
169.00 |
| |
500 |
to |
550 lbs. |
156.00 |
to |
169.00 |
Chicago Futures:
| Live Cattle: |
June |
down |
2 |
at |
11767 |
| |
Aug |
up |
37 |
at |
11997 |
| Feeders: |
Aug |
up |
110 |
at |
15847 |
| |
Sept |
up |
82 |
at |
15967 |
Cattle Comment
Cattle closed the day steady to firm despite expectations of weak seasonal demand. Negative economic news continues to limit upside movement. As supplies tighten, that will become less of a factor. Feeder futures remain in a long term uptrend.
Hogs
Peoria: were $3 lower to $1 higher
at 55.00 to 57.00
| Chicago Futures: |
June |
up |
47 |
at |
9120 |
| |
July |
down |
52 |
at |
9105 |
Hogs Comment
Hog futures closed mixed with seasonal tightness in numbers providing some support and essentially offsetting poor packer margins. Supplies should continue to tighten over the near term.
Poultry Date: June 04, 2012
Eggs
| New York: |
Ex. Lg. 105-109; Lg. 103-107; Med. 75-79; |
| Chicago: |
Ex. Lg. 96-104; Lg. 94-102; Med. 67-75; |
National Turkeys
| Hens: |
8-16 lbs |
109.21 |
| Toms: |
16-24 lbs |
108.41 |
| |
|
|
Delmarva Broilers
U.S. Grade APrices for whole broiler/fryers are steady at best. Offerings are moderate to at times heavy. Demand is light to moderate following the weekend. Market activity is slow to moderate.
In production areas, live supplies are moderate at mostly desirable weights.