Grain & Soybean Date: November 05, 2012
Soybeans
Local Elevators:
(Nov) EAST AR: 1462 to 1501
(NC) Summ. 1466 to 1505
River Elevators:
(Nov) MISS: 1504 to 1523 ; AR & White 1461
to 1502
(NC) Summ. 1468 to 1543
Ark. Processor Bids: (Nov) 1501 to 1489
(NC) 1493 to 1515
Memphis:
(Nov) 1527 1/4 to 1528 1/4 (NC)
- - - to - - -
Riceland Foods:
(Nov) Stuttgart 1489 ; Pendleton
1501
(NC) Stuttgart 1304 ; Pendleton
1309
| Chicago Futures: |
Nov |
down |
22 3/4 |
at |
1504 1/4 |
| |
Jan |
down |
23 1/2 |
at |
1503 1/4 |
| |
March |
down |
21 1/4 |
at |
1482 1/2 |
| |
May |
down |
14 3/4 |
at |
1456 1/2 |
| |
July |
down |
13 1/2 |
at |
1440 1/2 |
| |
Today's Arkansas LDP rate for soybeans is: |
0¢ |
Soybean Comment
Soybeans continued under pressure, extending Friday’s decline. Rain in the dry areas of Brazil and drying conditions in the wet areas provided additional pressure in soybeans. Expiring November is pushing toward $15 and /or the recent low near $14.85. Those same points are significant for the most active January contract as well. Projections of 50 to 100 million bushels increase in 2012 production added to the negative undertone.
Wheat
Cash bid for November at Memphis 813 to 861;
| Bids to farmers at Local Elevators |
829-849; |
| River Elevators |
839-864; |
| Chicago Futures: |
Dec |
up |
1 1/2 |
at |
866 |
| |
March |
up |
3/4 |
at |
879 1/4 |
| |
May |
up |
3/4 |
at |
886 1/4 |
| |
July |
down |
1 |
at |
874 |
| |
Sept |
down |
3/4 |
at |
882 1/4 |
| |
Today's Arkansas LDP rate for wheat is: |
0¢ |
Grain Sorghum
Cash bid for November at Memphis 1179 to 1188;
| Bids to farmers at River Elevators |
1081-1187; |
| Today's Arkansas LDP rate for sorghum is: |
0¢ |
Corn
| Cash bid for |
November at Memphis
740 1/2 to - - -; |
| |
New Crop at Memphis
622 1/2 to - - -; |
| Bids to farmers at River Elevators |
696 to 741 |
| Chicago Futures: |
Dec |
down |
4 |
at |
735 1/2 |
| |
March |
down |
4 1/2 |
at |
738 |
| |
May |
down |
4 |
at |
735 1/2 |
| |
July |
down |
4 |
at |
726 3/4 |
| |
Today's Arkansas LDP rate for corn is: |
0¢ |
Grain Comment
Wheat futures were mostly higher today on ideas that today’s report will show further deterioration in the crop condition ratings. In the first crop ratings report only 40% of the crop is rated good to excellent. New estimates also say that Kazakhstan’s wheat harvest is about half of 2011’s crop.
Corn was lower today with December trading back to the bottom of a narrow range that has contained the market for the last six weeks. Corn, too, may see a slight upward revision in production in Friday’s report. Probably not enough to cause any significant declines in the market. Demand remains a concern as end users are finding substitutes like wheat and other sources like India and Former Soviet Union countries.
Cotton & Rice Date: November 05, 2012
Cotton
| Spot Price, Grade 41 Staple 34: |
Memphis up 5 at
6665 |
| |
Greenwood up
5 at 6665 |
| New York Futures: |
Dec |
up |
5 |
at |
7040 |
| |
March |
up |
21 |
at |
7165 |
| | May |
up |
5 |
at |
7275 |
| | July |
down |
9 |
at |
7370 |
| | Oct |
down |
6 |
at |
7531 |
| This week's LDP rate for cotton is |
0 cents |
| |
The estimate for next week is |
0 cents |
Cotton Comment
Cotton was narrowly mixed, which means there is little fresh news for this market. Long term cotton is looking for improved world economic conditions, while attempting to woo back part of the textile market that was lost to manmade fibers. World production should ratchet down in 2013, but it will likely take at least two year to get stocks back to a more manageable number.
Rice
| Long Grain Cash Bid for |
Nov |
1376/cwt |
to |
- - - |
| |
NC |
1446/cwt |
to |
- - - |
| Chicago Futures: |
Nov |
up |
15 |
at |
1486 |
| | Jan |
up |
15 1/2 |
at |
1516 |
| | March |
up |
15 1/2 |
at |
1546 1/2 |
| | May |
up |
15 1/2 |
at |
1575 |
| | July |
up |
15 1/2 |
at |
1596 |
| Today's Arkansas LDP rate for long grain rice is |
0¢ |
| medium grain rice is |
0¢ |
Rice Comment
Rice futures closed mixed with January showing a slightly firmer undertone. There are few fresh fundamentals to give this market direction. Prospects of smaller U.S. plantings in 2013 are a positive for the market. On the other hand, large world stocks remain a negative factor. Look for minor changes if any in Friday’s supply demand report.
Cattle & Hogs Date: November 05, 2012
Cattle
As reported by Federal-State Market News, receipts were 3113 head
at sales in Ash Flat, Springdale & Ola.
Compared with last week, feeder steers sold unevenly, mostly weak to $5 lower .
| Steers: |
| Medium & Large Frame 1 |
400 |
to |
450 lbs. |
171.00 |
to |
- - - |
|
| |
500 |
to |
550 lbs. |
153.00 |
to |
- - - |
|
| |
600 |
to |
650 lbs. |
137.00 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
164.00 |
to |
- - - |
Heifers: |
| Medium & Large Frame 1 |
500 |
to |
550 lbs. |
136.00 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
135.00 |
to |
- - - |
Slaughter Cows, Boners 66.00 to 74.00
Light Weight 56.00 to 63.00
Bulls, Yield Grade 1
1000 to 2100 lbs. 82.50
to 92.50
Midwest Steers were at 126.00
to 126.50
Panhandle Steers were at 126.00
to 127.00
Oklahoma City Feeders
|
| Steers |
450 |
to |
500 lbs. |
165.00 |
to |
178.00 |
| |
500 |
to |
550 lbs. |
161.50 |
to |
172.00 |
| Heifers |
450 |
to |
500 lbs. |
141.50 |
to |
155.00 |
| |
500 |
to |
600 lbs. |
134.50 |
to |
145.00 |
Chicago Futures:
| Live Cattle: |
Dec |
down |
15 |
at |
12527 |
| |
Feb |
down |
12 |
at |
12900 |
| Feeders: |
Nov |
steady |
- - - |
at |
14490 |
| |
Jan |
up |
10 |
at |
14677 |
Cattle Comment
Cattle futures were mixed. Falling beef prices and already weak packer margins are pushing live contracts lower. Nearby December was supported by its premium to cash prices.
Hogs
Peoria: were steady
at 52.00 to 54.00
| Chicago Futures: |
Dec |
down |
82 |
at |
7692 |
| |
Feb |
down |
95 |
at |
8295 |
Hogs Comment
Hog futures were lower across the board. Packer margins have shown some improvement, and there could be increased demand for hogs as some plants attempt to fill in for lost production from East coast plants. The market is chopping along mostly sideways with December holding between resistance at $79.80 and support at $76.82.
Poultry Date: November 05, 2012
Eggs
| New York: |
Ex. Lg. 128-132; Lg. 126-130; Med. 115-119; |
| Chicago: |
Ex. Lg. 125-133; Lg. 123-131; Med. 108-116; |
National Turkeys
| Hens: |
8-16 lbs |
109.58 |
| Toms: |
16-24 lbs |
112.17 |
| |
|
|
Delmarva Broilers
U.S. Grade APrices are steady for whole broiler/fryers. Offerings are moderate for current trade needs. Demand into retail and food service channels is moderate following the weekend. Market activity is moderate. In production areas, live supplies are moderate at mixed, but mostly desirable weights.