Grain & Soybean Date: November 07, 2012
Soybeans
Local Elevators:
(Nov) EAST AR: 1470 to 1509
(NC) Summ. 1475 to 1514
River Elevators:
(Nov) MISS: 1517 to 1537 ; AR & White 1472
to 1515
(NC) Summ. 1477 to 1547
Ark. Processor Bids: (Nov) 1497 to 1505
(NC) 1519 to 1502
Memphis:
(Nov) 1531 to 1537 (NC)
- - - to - - -
Riceland Foods:
(Nov) Stuttgart 1497 ; Pendleton
1509
(NC) Stuttgart 1316 ; Pendleton
1321
| Chicago Futures: |
Nov |
down |
8 |
at |
1508 3/4 |
| |
Jan |
down |
8 1/2 |
at |
1507 |
| |
March |
down |
5 3/4 |
at |
1485 1/4 |
| |
May |
down |
4 1/4 |
at |
1461 |
| |
July |
down |
4 |
at |
1446 |
| |
Today's Arkansas LDP rate for soybeans is: |
0¢ |
Soybean Comment
Soybeans fell as negative outside markets following the election weighed on the trade. Improving weather in South America continued to be a negative factor.
Wheat
Cash bid for November at Memphis 842 to 889;
| Bids to farmers at Local Elevators |
845-865; |
| River Elevators |
855-880; |
| Chicago Futures: |
Dec |
up |
17 |
at |
894 |
| |
March |
up |
17 1/4 |
at |
907 3/4 |
| |
May |
up |
16 1/2 |
at |
914 |
| |
July |
up |
10 1/2 |
at |
890 |
| |
Sept |
up |
10 1/2 |
at |
898 |
| |
Today's Arkansas LDP rate for wheat is: |
0¢ |
Grain Sorghum
Cash bid for November at Memphis 1204 to - - -;
| Bids to farmers at River Elevators |
1097-1204; |
| Today's Arkansas LDP rate for sorghum is: |
0¢ |
Corn
| Cash bid for |
November at Memphis
749 1/4 to 759 1/4; |
| |
New Crop at Memphis
630 to - - -; |
| Bids to farmers at River Elevators |
719 to 749 |
| Chicago Futures: |
Dec |
up |
3 1/4 |
at |
744 1/4 |
| |
March |
up |
3 |
at |
746 |
| |
May |
up |
2 3/4 |
at |
742 1/2 |
| |
July |
up |
2 3/4 |
at |
733 3/4 |
| |
Today's Arkansas LDP rate for corn is: |
0¢ |
Grain Comment
Wheat was sharply higher despite negative outside markets. Concerns about crops in Australia & Argentina & quality concerns in Europe provided additional support.
Corn was mixed with stronger wheat values providing some support. Increased ethanol production & a smaller production projection for Argentina were also supportive.
Cotton & Rice Date: November 07, 2012
Cotton
| Spot Price, Grade 41 Staple 34: |
Memphis down 57 at
6633 |
| |
Greenwood down
57 at 6633 |
| New York Futures: |
Dec |
down |
27 |
at |
6983 |
| |
March |
down |
17 |
at |
7107 |
| | May |
down |
16 |
at |
7222 |
| | July |
down |
13 |
at |
7312 |
| | Oct |
down |
3 |
at |
7489 |
| This week's LDP rate for cotton is |
0 cents |
| |
The estimate for next week is |
0 cents |
Cotton Comment
Cotton was slightly lower with world & u. S. economic conditions weighing on the market. Rising world stocks & declining use will limit upside potential.
Rice
| Long Grain Cash Bid for |
Nov |
1382/cwt |
to |
- - - |
| |
NC |
1449/cwt |
to |
- - - |
| Chicago Futures: |
Nov |
down |
10 |
at |
1493 1/2 |
| | Jan |
down |
10 |
at |
1522 |
| | March |
down |
10 |
at |
1553 |
| | May |
down |
10 |
at |
1581 1/2 |
| | July |
down |
13 |
at |
1599 1/2 |
| Today's Arkansas LDP rate for long grain rice is |
0¢ |
| medium grain rice is |
0¢ |
Rice Comment
Rice remained under pressure with little or no change in underlying fundamentals. Upside is being limited by negative outside markets & large world supplies.
Cattle & Hogs Date: November 07, 2012
Cattle
As reported by Federal-State Market News, receipts were 972 head
at sales in Conway & Pocahontas.
Compared with last week, feeder steers sold $1 to $5 lower .
| Steers: |
| Medium & Large Frame 1 |
400 |
to |
450 lbs. |
167.50 |
to |
- - - |
|
| |
500 |
to |
550 lbs. |
147.00 |
to |
- - - |
|
| |
600 |
to |
650 lbs. |
136.00 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
151.00 |
to |
- - - |
Heifers: |
| Medium & Large Frame 1 |
500 |
to |
550 lbs. |
134.00 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
128.00 |
to |
- - - |
Slaughter Cows, Boners 66.00 to 73.00
Light Weight 48.00 to 55.00
Bulls, Yield Grade 1
1000 to 2000 lbs. 85.00
to 88.00
Midwest Steers were at - - -
to - - -
Panhandle Steers were at - - -
to - - -
Oklahoma City Feeders
|
| Steers |
450 |
to |
500 lbs. |
163.00 |
to |
173.00 |
| |
500 |
to |
550 lbs. |
160.00 |
to |
172.00 |
| Heifers |
450 |
to |
500 lbs. |
142.00 |
to |
156.50 |
| |
500 |
to |
550 lbs. |
134.00 |
to |
145.00 |
Chicago Futures:
| Live Cattle: |
Dec |
down |
72 |
at |
12495 |
| |
Feb |
down |
47 |
at |
12885 |
| Feeders: |
Nov |
down |
65 |
at |
14420 |
| |
Jan |
down |
122 |
at |
14550 |
Cattle Comment
Cattle futures were sharply lower as declining stock markets weighed on trade.
Hogs
Peoria: were steady
at 50.00 to 52.00
| Chicago Futures: |
Dec |
up |
252 |
at |
8010 |
| |
Feb |
up |
252 |
at |
8595 |
Hogs Comment
Hogs got a big boost from decking slaughter weights which suggests marketings are ahead of schedule. That suggests we could see a seasonal drop in supplies.
Poultry Date: November 07, 2012
Eggs
| New York: |
Ex. Lg. 132-136; Lg. 130-134; Med. 113-117; |
| 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 trending firm for whole broiler/fryers. Offerings are light to moderate for current trade needs. Demand is moderate to instances good for mid-week business. Market activity is moderate to at times active. In production areas, live supplies are moderate at mixed, but mostly desirable weights.