Grain & Soybean Date: January 03, 2013
Soybeans
Local Elevators:
(Jan) EAST AR: 1370 to 1413
(NC) Summ. 1252 to 1275
River Elevators:
(Jan) MISS: 1423 to 1462 ; AR & White 1372
to 1435
(NC) Summ. 1257 to 1292
Ark. Processor Bids: (Jan) 1397 to 1417
(NC) 1267 to 1272
Memphis:
(Jan) 1443 1/2 to 1461 1/2 (NC)
1291 3/4 to - - -
Riceland Foods:
(Jan) Stuttgart 1397 ; Pendleton
1409
(NC) Stuttgart 1267 ; Pendleton
1275
| Chicago Futures: |
Jan |
down |
2 1/2 |
at |
1403 |
| |
March |
down |
5 3/4 |
at |
1386 1/2 |
| |
May |
down |
6 |
at |
1378 1/4 |
| |
July |
down |
5 1/2 |
at |
1376 1/2 |
| |
Aug |
down |
4 1/4 |
at |
1356 1/4 |
| |
Today's Arkansas LDP rate for soybeans is: |
0¢ |
Soybean Comment
Soybeans continued their decline toward support at $13.56. Another Chinese cancellation of 315,000 metric tons of soybeans provided downward impetus, as did an upward revision in projected production in Brazil. The U.S. ag attaché put production at 83mmt up 2mmt from the official estimate. Large exports are expected to be moved from Brazil through early summer.
Wheat
Cash bid for January at Memphis 790 1/2 to 792 1/2;
| Bids to farmers at Local Elevators |
731-741; |
| River Elevators |
728-751; |
| Chicago Futures: |
March |
up |
1/4 |
at |
755 1/2 |
| |
May |
down |
1 1/4 |
at |
764 3/4 |
| |
July |
down |
1 3/4 |
at |
771 1/4 |
| |
Sept |
down |
3 3/4 |
at |
783 1/2 |
| |
Dec |
down |
4 1/4 |
at |
797 |
| |
Today's Arkansas LDP rate for wheat is: |
0¢ |
Grain Sorghum
Cash bid for January at Memphis 1159 to - - -;
| Bids to farmers at River Elevators |
1052-1097; |
| Today's Arkansas LDP rate for sorghum is: |
0¢ |
Corn
| Cash bid for |
January at Memphis
709 1/4 to 714 1/4; |
| |
New Crop at Memphis
584 1/2 to 589 1/2; |
| Bids to farmers at River Elevators |
677 to 699 |
| Chicago Futures: |
March |
down |
1 1/2 |
at |
689 1/4 |
| |
May |
down |
2 1/2 |
at |
691 |
| |
July |
down |
4 1/4 |
at |
686 1/2 |
| |
Sept |
down |
6 |
at |
609 1/2 |
| |
Today's Arkansas LDP rate for corn is: |
0¢ |
Grain Comment
Wheat was a little higher despite reports that Egypt would reduce their imports by almost 20%. Buying only 3.8mmt versus earlier estimates of 4.8mmt. Last year imports topped 5.3mmt. They have reportedly purchased almost 83% of their needs leaving little room for U.S. sales. July futures have support just above $7.50.
Corn saw late strength on front end contracts, while holding losses in the more distant contracts. A stronger dollar pressured potential exports, while tight holding by farmers helped improve basis levels. March futures were within a half cent of filling the early summer break away gap.
Cotton & Rice Date: January 03, 2013
Cotton
| Spot Price, Grade 41 Staple 34: |
Memphis up 3 at
7214 |
| |
Greenwood up
3 at 7214 |
| New York Futures: |
March |
up |
3 |
at |
7539 |
| |
May |
down |
1 |
at |
7622 |
| | July |
down |
7 |
at |
7724 |
| | Oct |
down |
15 |
at |
7871 |
| | Dec |
down |
19 |
at |
7947 |
| This week's LDP rate for cotton is |
0 cents |
| |
The estimate for next week is |
0 cents |
Cotton Comment
Cotton was narrowly mixed as March continues to trade between 75 and 76 cents. New crop December is holding near 79 cents with late summer resistance around 81.5 cents. Large world stocks and poor demand stand as limiting factors in upside price movement.
Rice
| Long Grain Cash Bid for |
Jan |
1381/cwt |
to |
- - - |
| |
NC |
1433/cwt |
to |
- - - |
| Chicago Futures: |
Jan |
up |
2 1/2 |
at |
1478 |
| | March |
up |
1 1/2 |
at |
1506 |
| | May |
up |
1 |
at |
1537 |
| | July |
up |
2 1/2 |
at |
1564 1/2 |
| | Sept |
up |
2 |
at |
1532 1/2 |
| Today's Arkansas LDP rate for long grain rice is |
0¢ |
| medium grain rice is |
0¢ |
Rice Comment
Rice was basically unchanged as the market appears to be stabilizing after recent declines. Reports that Iran has purchased U.S. rice are a positive, while a rumored deal between Haiti and Vietnam could be a real negative. The Iran deal was bagged rice, likely from Texas and Louisiana.
Cattle & Hogs Date: January 03, 2013
Cattle
As reported by Federal-State Market News, receipts were 189 head
at sales in Green Forest.
Compared with last week, feeder steers - - - .
| Steers: |
| Medium & Large Frame 1 |
400 |
to |
450 lbs. |
173.25 |
to |
- - - |
|
| |
500 |
to |
550 lbs. |
159.75 |
to |
- - - |
|
| |
600 |
to |
650 lbs. |
147.50 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
164.50 |
to |
- - - |
Heifers: |
| Medium & Large Frame 1 |
500 |
to |
550 lbs. |
138.50 |
to |
- - - |
|
| Medium & Large Frame 2 |
400 |
to |
450 lbs. |
140.50 |
to |
- - - |
Slaughter Cows, Boners 75.00 to 78.50
Light Weight - - - to - - -
Bulls, Yield Grade 1-2
1000 to 2100 lbs. 88.00
to 91.50
Midwest Steers were at - - -
to - - -
Panhandle Steers were at - - -
to - - -
Oklahoma City Feeders
|
| Steers |
- - - |
to |
- - - lbs. |
- - - |
to |
- - - |
| |
- - - |
to |
- - - lbs. |
- - - |
to |
- - - |
| Heifers |
- - - |
to |
- - - lbs. |
- - - |
to |
- - - |
| |
- - - |
to |
- - - lbs. |
- - - |
to |
- - - |
Chicago Futures:
| Live Cattle: |
Feb |
up |
147 |
at |
13385 |
| |
Apr |
up |
115 |
at |
13732 |
| Feeders: |
Jan |
up |
115 |
at |
15235 |
| |
March |
up |
100 |
at |
15490 |
Cattle Comment
Expectations of tighter cattle supplies led to fund buying and a strong surge in futures. Further weakness in corn was a supportive factor for feeders. Improving packer demand was also a positive in the cash market.
Hogs
Peoria: were steady
at 51.50 to 53.50
| Chicago Futures: |
Feb |
up |
22 |
at |
8640 |
| |
April |
up |
92 |
at |
9017 |
Hogs Comment
Hog futures were mixed with good gains noted on the front end contracts, despite a dollar decline in the composite park cutout value. Negative packer margins may limit further near term gains.
Poultry Date: January 03, 2013
Eggs
| New York: |
Ex. Lg. 113-121; Lg. 111-119; Med. 90-98; |
| Chicago: |
Ex. Lg. 117-121; Lg. 115-119; Med. 103-107; |
National Turkeys
| Hens: |
8-16 lbs |
97.50 |
| Toms: |
16-24 lbs |
99.50 |
| |
|
|
Delmarva Broilers
U.S. Grade AWhole broiler/fryers prices are trending higher. Offerings of all sizes are light for current trade needs. Demand into retail and food service channels is moderate to good approaching the weekend. Market activity is moderate to mostly active. In production areas, live supplies are moderate at mostly desirable weights.