Grain & Soybean Date: June 13, 2012
Soybeans
Local Elevators:
(June) EAST AR: 1367 to 1396
(NC) Summ. 1304 to 1329
River Elevators:
(June) MISS: 1433 to 1440 ; AR & White 1376
to 1394
(NC) Summ. 1314 to 1340
Ark. Processor Bids: (June) 1393 to 1411
(NC) 1324 to 1325
Memphis:
(June) 1411 1/4 to 1438 1/4 (NC)
1334 3/4 to - - -
Riceland Foods:
(June) Stuttgart 1393 ; Pendleton
1395
(NC) Stuttgart 1324 ; Pendleton
1329
| Chicago Futures: |
July |
down |
26 3/4 |
at |
1408 1/4 |
| |
Aug |
down |
23 1/2 |
at |
1377 3/4 |
| |
Sept |
down |
20 3/4 |
at |
1343 1/4 |
| |
Nov |
down |
17 1/4 |
at |
1319 3/4 |
| |
Jan |
down |
15 1/2 |
at |
1320 1/2 |
| |
Today's Arkansas LDP rate for soybeans is: |
0¢ |
Soybean Comment
Soybeans plummeted today. Negative economic news and forecasts for beneficial rains throughout the Midwest added to the negative undertone. November failed at resistance at $13.50.
Wheat
Cash bid for June at Memphis 600 to 606;
| Bids to farmers at Local Elevators |
576-596; |
| River Elevators |
577-612; |
| Chicago Futures: |
July |
unchanged |
- - - |
at |
616 |
| |
Sept |
down |
1/2 |
at |
634 1/4 |
| |
Dec |
unchanged |
- - - |
at |
659 1/2 |
| |
March |
down |
1/2 |
at |
680 1/4 |
| |
May |
down |
2 |
at |
691 1/2 |
| |
Today's Arkansas LDP rate for wheat is: |
0¢ |
Grain Sorghum
Cash bid for June at Memphis 1022 to 1031;
| Bids to farmers at River Elevators |
952-979; |
| Today's Arkansas LDP rate for sorghum is: |
0¢ |
Corn
| Cash bid for |
June at Memphis
611 1/2 to 628 1/2; |
| |
New Crop at Memphis
480 to 499; |
| Bids to farmers at River Elevators |
610 to 623 |
| Chicago Futures: |
July |
up |
8 1/2 |
at |
592 1/2 |
| |
Sept |
down |
11 1/2 |
at |
515 |
| |
Dec |
down |
12 |
at |
510 1/2 |
| |
March |
down |
12 |
at |
522 1/2 |
| |
Today's Arkansas LDP rate for corn is: |
0¢ |
Grain Comment
Wheat futures were mixed on support from yesterday’s report. USDA lowered the world production estimate by 7 million metric tons, mostly due to dry weather in Russia and Eastern Europe. Today’s weaker dollar was also supportive.
Corn futures were mixed today, with new crop posting double digit losses again today. Beneficial rains throughout Missouri and Southern Illinois this week and forecasts for more widespread moisture throughout the Midwest continue to pressure the market. December has key support at $5.
Cotton & Rice Date: June 13, 2012
Cotton
| Spot Price, Grade 41 Staple 34: |
Memphis down 48 at
7109 |
| |
Greenwood down
48 at 7109 |
| New York Futures: |
July |
down |
48 |
at |
7509 |
| |
Oct |
up |
145 |
at |
6926 |
| | Dec |
up |
157 |
at |
7041 |
| | March |
up |
163 |
at |
7238 |
| | May |
up |
169 |
at |
7354 |
| This week's LDP rate for cotton is |
0 cents |
| |
The estimate for next week is |
0 cents |
Cotton Comment
Cotton futures were mixed again today. Old crop contracts were supported by a 200,000 bale cut in the 2011-2012 carryout estimates due to recent increased exports. New crop contracts turned lower as 12-13 numbers were unchanged. World carryout for 2012 is estimated at 67.3 million bales, and 2013 is expected to increase to a whopping 74.5 million.
Rice
| Long Grain Cash Bid for |
June |
13.40/cwt |
to |
- - - |
| |
NC |
12.71/cwt |
to |
- - - |
| Chicago Futures: |
July |
down |
20 1/2 |
at |
1389 1/2 |
| | Sept |
down |
23 |
at |
1411 |
| | Nov |
down |
23 |
at |
1437 |
| | Jan |
down |
21 |
at |
1464 1/2 |
| | March |
down |
18 1/2 |
at |
1493 |
| Today's Arkansas LDP rate for long grain rice is |
0¢ |
| medium grain rice is |
0¢ |
Rice Comment
Rice futures succumbed to carryover pressure from other markets today. Yesterday’s supply/demand report provided mixed news. Carryout was lowered to 29.5 million bushels, down from 34 million. This is due mainly to a smaller U.S. crop, and large world stocks continue to hang over the market.
Cattle & Hogs Date: June 13, 2012
Cattle
As reported by Federal-State Market News, receipts were 1152 head
at sales in Conway & Pocahontas.
Compared with last week, feeder steers sold unevenly .
| Steers: |
| Medium & Large Frame 1 |
400 |
to |
450 lbs. |
182.00 |
to |
- - - |
|
| |
500 |
to |
550 lbs. |
170.00 |
to |
- - - |
|
| |
600 |
to |
650 lbs. |
157.00 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
161.00 |
to |
- - - |
Heifers: |
| Medium & Large Frame 1 |
500 |
to |
550 lbs. |
150.00 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
144.50 |
to |
- - - |
Slaughter Cows, Boners 72.00 to 79.00
Light Weight 56.00 to 63.00
Bulls, Yield Grade 1
1000 to 2000 lbs. 90.00
to 100.00
Midwest Steers were at - - -
to - - -
Panhandle Steers were at - - -
to - - -
Oklahoma City Feeders
|
| Steers |
400 |
to |
500 lbs. |
193.50 |
to |
200.00 |
| |
500 |
to |
600 lbs. |
168.00 |
to |
184.00 |
| Heifers |
400 |
to |
500 lbs. |
160.00 |
to |
171.00 |
| |
500 |
to |
600 lbs. |
152.00 |
to |
166.50 |
Chicago Futures:
| Live Cattle: |
June |
down |
245 |
at |
11710 |
| |
Aug |
down |
232 |
at |
11797 |
| Feeders: |
Aug |
down |
280 |
at |
15835 |
| |
Sept |
down |
272 |
at |
15950 |
Cattle Comment
Cattle futures lower across the board. Feeders continue to be supported by lower corn prices. Live futures are under pressure from ideas cash prices have set a seasonal top.
Hogs
Peoria: were $1.50 lower to $2.50 higher
at 59.00 to 61.00
| Chicago Futures: |
June |
up |
45 |
at |
9397 |
| |
July |
up |
115 |
at |
9395 |
Hogs Comment
Hog futures posted gains today on firmer cash prices. USDA increased their pork production estimate by 85 million pounds in yesterday’s report. The increase was partially offset by an increased export projection; however, the price estimate was lowered $59-$61, down from the previous estimate of $61-$63.
Poultry Date: June 13, 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 |
107.00 |
| Toms: |
16-24 lbs |
108.00 |
| |
|
|
Delmarva Broilers
U.S. Grade APrices for whole broiler/fryers are steady to weak. Offerings are moderate to heavy. Demand is light to moderate. Market activity is slow to moderate. In production areas, live supplies are moderate at mixed, but mostly desirable weights.