Print this page

Daily Market Report Archive

Grain & Soybean Date: February 20, 2013

Soybeans

Local Elevators:
(Feb) EAST AR:  1466 to 1503
(NC) Summ. 1257 to 1287
River Elevators:
(Feb) MISS: 1503 to 1523 ; AR & White 1460 to 1496
(NC) Summ. 1261 to 1312
Ark. Processor Bids: (Feb) 1493 to 1513  (NC) 1277 to 1282
Memphis:  (Feb) 1517 3/4 to 1522 3/4 (NC)  1312 to - - -
Riceland Foods:  (Feb) Stuttgart 1493 ; Pendleton 1503 
 (NC) Stuttgart 1277 ; Pendleton 1287 

Chicago Futures: March up 12 1/2 at  1482 3/4
  May  up  11 1/4  at  1468 1/2
  July up 10 3/4  at  1456 1/4
  Aug up 14  at  1417 3/4
  Sept up 13  at  1343
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans closed higher as the market expanded yesterday's upturn. Crop concerns in Argentina & continued good export demand has moved beans back toward recent resistance. Gains were trimmed in later trading as the market responded to reports from the Federal Reserve.

Wheat
Cash bid for February at Memphis  773 1/2 to 778 1/2;

Bids to farmers at Local Elevators 708-718;
River Elevators 704-748;

Chicago Futures: March up  8 1/4  at  738 1/2 
  May up 6 1/2  at  745 1/4 
  July up  6 1/4  at  748 
  Sept up  at  756 1/4 
  Dec up  5 1/4  at  768 1/2 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for February at Memphis  1197 to - - -;

Bids to farmers at River Elevators 1072-1197;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for February at Memphis   725 1/2 to 730 1/2;
  New Crop at Memphis   551 1/4 to 561 1/4;
Bids to farmers at River Elevators  690 to 726

Chicago Futures: March up  5 1/4  at  700 1/2 
  May up  4 1/4  at  696 1/4 
  July up  2 1/2  at  682 3/4 
  Sept up  3 1/2  at  581 1/4 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Corn showed modest strength in late trading, which allow a move to the positive side. Weak demand & prospects for large plantings in2013 are keeping pressure on the market & limiting upside potential.

Wheat was a little higher despite prospects of additional moisture in the plains area. Wheat appears to be ready to make a partial retracement of recent gains, at least in the short term. Longer term this market may have further downside.



Cotton & Rice  Date: February 20, 2013


Cotton

Spot Price, Grade 41 Staple 34: Memphis up 33 at  7946
  Greenwood up  33 at 7946

New York Futures: March up  10  at  8228 
  May up  33  at  8446 
 July up  47  at  8542 
 Oct up  at  8492 
 Dec up  44  at  8427 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton failed to hold early gains which took new crop December near 85 cents early. Federal Reserve minutes led to a downturn in equities which pressured cotton. Projected smaller plantings are a positive, but big world reserves will continue to limit upside potential.

Rice

Long Grain Cash Bid for  Feb 1493/cwt  to  - - -
  NC 1487/cwt  to  - - -

Chicago Futures: March up  10 1/2  at  1602 1/2 
 May up  9 1/2  at  1633 1/2 
 July up  at  1660 1/2 
 Sept up  12 1/2  at  1567  
 Nov up  12 1/2  at  1564 1/2 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice firmed as export demand remains good & on farm stocks are melting away. Sales continue to central & south America and to Haiti.



Cattle & Hogs  Date: February 20, 2013

Cattle
As reported by Federal-State Market News, receipts were 253 head at sales in Conway.  Compared with last week, feeder steers sold steady on a light test .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 175.00 to - - -
  500 to 550 lbs. 162.00 to - - -
  600 to 650 lbs. 145.00 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. 140.00 to - - -

Slaughter Cows, Boners 75.00   to   82.00
Light Weight 63.00 to 67.50
Bulls, Yield Grade   1   1000   to   2000 lbs.   96.00   to   - - -
Midwest Steers   were   at   - - -   to   - - -
Panhandle Steers   were   at   123.00   to   - - -

Oklahoma City Feeders
Steers 400 to 450 lbs. 185.50 to 197.00
  450 to 500 lbs. 182.00 to 192.00
Heifers 400 to 450 lbs. 169.50 to 175.00
  450 to 500 lbs. 160.00 to 170.50

Chicago Futures:
Live Cattle: Feb down 130 at 12510
  Apr down 132 at 12822
Feeders: March down 245 at 14072
  April down 257 at 14360

Cattle Comment
Cattle futures were under heavy pressure with large negative packer margins weighing on the market. There was limited buyer interest even in the face of a major winter storm.

Hogs
Peoria: were     steady   at   50.00   to   52.00

Chicago Futures: Feb down 10 at 8295
  April down 37 at 9037

Hogs Comment
Hogs followed cattle lower in early trading, but was able to retrace a portion of the losses going into the close. Weaker retail demand pushed cutout values lower helped by pork supplies that remain larger than year ago levels.



Poultry  Date: February 20, 2013

Eggs

New York:  Ex. Lg. 109-113; Lg. 107-111; Med. 92-96;
Chicago:  Ex. Lg. 100-108; Lg. 98-106; Med. 80-88;

National Turkeys
Hens: 8-16 lbs 95.00
Toms: 16-24 lbs 96.29
 

Delmarva Broilers
U.S. Grade A
N/A