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Daily Market Report Archive

Grain & Soybean Date: February 14, 2013

Soybeans

Local Elevators:
(Feb) EAST AR:  1401 to 1438
(NC) Summ. 1235 to 1265
River Elevators:
(Feb) MISS: 1438 to 1458 ; AR & White 1395 to 1403
(NC) Summ. 1241 to 1290
Ark. Processor Bids: (Feb) 1428 to 1448  (NC) 1255 to 1260
Memphis:  (Feb) 1458 to - - - (NC)  1289 3/4 to - - -
Riceland Foods:  (Feb) Stuttgart - - - ; Pendleton - - - 
 (NC) Stuttgart - - - ; Pendleton - - - 

Chicago Futures: March down 5 at  1418
  May  down  at  1408 1/2
  July down 5 1/2  at  1399 1/4
  Aug down 6 1/4  at  1363 1/4
  Sept down 7 1/2  at  1302 3/4
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans continued the recent decline pressured by good crop prospects in South America. Potential for increased U. S. plantings added to the negative undertone.

Wheat
Cash bid for February at Memphis  772 to - - -;

Bids to farmers at Local Elevators 704-714;
River Elevators 700-739;

Chicago Futures: March down  3 1/2  at  732 
  May down 3 1/4  at  740 1/4 
  July down  at  743 3/4 
  Sept down  at  753 1/2 
  Dec down  at  767 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for February at Memphis  1187 to - - -;

Bids to farmers at River Elevators 1062-1187;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for February at Memphis   721 3/4 to 722 3/4;
  New Crop at Memphis   553 to 563;
Bids to farmers at River Elevators  684 to 720

Chicago Futures: March down  3/4  at  694 3/4 
  May down  3/4  at  692 3/4 
  July down  at  682 1/4 
  Sept unchanged  - - -  at  583 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat futures are attempting to stabilize today in reaction to stronger than expected export sales. U.S. wheat is very competitive on the global market at these price levels. July is trying to establish support near $7.30.

Corn was slightly lower, marking the 11th straight day that corn has declined. Good crops in Brazil and weak demand for U S corn have added to technical selling that has carried the market below key support.



Cotton & Rice  Date: February 14, 2013


Cotton

Spot Price, Grade 41 Staple 34: Memphis up 122 at  7779
  Greenwood up  122 at 7779

New York Futures: March up  20  at  8102 
  May up  58  at  8279 
 July up  51  at  8371 
 Oct up  39  at  8365 
 Dec up  23  at  8300 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton firmed after several days of declines. Support comes from projected U S plantings of just over 9 million acres. Resistance is located at 84 cents for both March & December futures.

Rice

Long Grain Cash Bid for  Feb - - -  to  - - -
  NC - - -  to  - - -

Chicago Futures: March down  13 1/2  at  1572 
 May down  14  at  1601 1/2 
 July down  14  at  1630 1/2 
 Sept down  11 1/2  at  1551 1/2 
 Nov down  6 1/2  at  1541 1/2 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice was lower as the market continues to bounce back and forth on a daily basis. Demand remains firm with shipments continuing to move steadily. The recent March high of $16.33 is now resistance.



Cattle & Hogs  Date: February 14, 2013

Cattle
As reported by Federal-State Market News, receipts were 210 head at sales in Green Forest.  Compared with last week, feeder steers sold mostly $7 to $12 lower on a lightl test .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 185.00 to - - -
  500 to 550 lbs. - - - to - - -
  600 to 650 lbs. - - - to - - -
 Medium & Large Frame 2   400 to 450 lbs. 156.00 to - - -

Heifers:
 Medium & Large Frame 1   500 to 550 lbs. 143.00 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 154.50 to - - -

Slaughter Cows, Boners 76.00   to   81.50
Light Weight 65.00 to 69.00
Bulls, Yield Grade   1-2   1000   to   2100 lbs.   90.00   to   95.00
Midwest Steers   were   at   123.00   to   - - -
Panhandle Steers   were   at   123.00   to   - - -

Oklahoma City Feeders
Steers 450 to 500 lbs. 181.00 to 194.00
  500 to 550 lbs. 171.00 to 180.00
Heifers 450 to 500 lbs. 154.00 to 161.00
  500 to 550 lbs. 151.00 to 155.50

Chicago Futures:
Live Cattle: Feb up 40 at 12590
  Apr up 37 at 12977
Feeders: March up 132 at 14267
  April up 127 at 14622

Cattle Comment
Cattle futures were mixed at midday after opening with huge losses. April moved to a new 7 ½ month low this morning, and could see another leg down if that low of $123.47 doesn’t hold. Concerns about demand and weak packer margins are adding pressure.

Hogs
Peoria: were     steady   at   54.00   to   56.00

Chicago Futures: Feb up 20 at 8767
  April down 147 at 8432

Hogs Comment
Hog futures were posting big losses at midday, with the exception of expiring February. The market is focused on negative packer margins and further declines in product values. The market is oversold, however, so a bounce could come at any time.



Poultry  Date: February 14, 2013

Eggs

New York:  Ex. Lg. 109-113; Lg. 107-111; Med. 92-96;
Chicago:  Ex. Lg. 116-124; Lg. 114-122; Med. 84-92;

National Turkeys
Hens: 8-16 lbs 95.00
Toms: 16-24 lbs 95.00
 

Delmarva Broilers
U.S. Grade A
N/A