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Daily Market Report Archive

Grain & Soybean Date: February 21, 2013

Soybeans

Local Elevators:
(Feb) EAST AR:  1471 to 1508
(NC) Summ. 1247 to 1277
River Elevators:
(Feb) MISS: 1508 to 1528 ; AR & White 1465 to 1501
(NC) Summ. 1251 to 1302
Ark. Processor Bids: (Feb) 1498 to 1518  (NC) 1267 to 1272
Memphis:  (Feb) 1527 3/4 to - - - (NC)  1302 to - - -
Riceland Foods:  (Feb) Stuttgart 1498 ; Pendleton 1508 
 (NC) Stuttgart 1267 ; Pendleton 1277 

Chicago Futures: March up 5 at  1487 3/4
  May  up  at  1470 1/2
  July down 1 3/4  at  1454 1/2
  Aug down 3 3/4  at  1414
  Sept down at  1335
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans were mixed with old crop continuing to move higher and new crop lower. Logistics problems in Brazil are providing support for old crop with March again moving toward resistance just under $15. November has moved well above support at $12.50 but was pressured by today's USDA plantings number of 77.5 million acres.

Wheat
Cash bid for February at Memphis  756 1/4 to 761 1/4;

Bids to farmers at Local Elevators 688-698;
River Elevators 684-728;

Chicago Futures: March down  17 1/4  at  721 1/4 
  May down 21 1/4  at  724 
  July down  20  at  728 
  Sept down  19 3/4  at  736 1/2 
  Dec down  18 1/2  at  750 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for February at Memphis  1180 to - - -;

Bids to farmers at River Elevators 1055-1180;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for February at Memphis   715 3/4 to 720 3/4;
  New Crop at Memphis   544 to 554;
Bids to farmers at River Elevators  680 to 716

Chicago Futures: March down  9 3/4  at  690 3/4 
  May down  10 3/4  at  685 1/2 
  July down  9 1/2  at  673 1/4 
  Sept down  7 1/4  at  574 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat came under heavy selling pressure and reversed yesterday's gains that came on the heels of export sales to Egypt. Snow and increasing moisture in the plains contributed to the negative undertone.

Corn was lower despite a plantings number of 96.5 million acres. Improving Moisture in the western Corn Belt was negative as were outside markets. Equities and crude oil continued to decline after the Federal Reserve report yesterday.



Cotton & Rice  Date: February 21, 2013


Cotton

Spot Price, Grade 41 Staple 34: Memphis down 123 at  7823
  Greenwood down  123 at 7823

New York Futures: March down  97  at  8131 
  May down  123  at  8323 
 July down  124  at  8418 
 Oct down  72  at  8420 
 Dec down  65  at  8362 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton ended the day lower. A USDA planting number of 9.8 million acres was a negative factor.

Rice

Long Grain Cash Bid for  Feb 1474/cwt  to  - - -
  NC 1488/cwt  to  - - -

Chicago Futures: March down  19  at  1583 1/2 
 May down  19 1/2  at  1614 
 July down  17  at  1643 1/2 
 Sept up  1/2  at  1567 1/2 
 Nov up  1/2  at  1565 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice was sharply lower as the market fell in sympathy with wheat. March has support around $15.60 & will need to close above $16.35 to extend the recent upturn.



Cattle & Hogs  Date: February 21, 2013

Cattle
As reported by Federal-State Market News, receipts were 491 head at sales in Green Forest.  Compared with last week, feeder steers sold mostly steady to $5 higher .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 188.00 to - - -
  500 to 550 lbs. 168.00 to - - -
  600 to 650 lbs. 148.00 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 174.00 to - - -

Heifers:
 Medium & Large Frame 1   500 to 550 lbs. 142.00 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 145.50 to - - -

Slaughter Cows, Boners 76.00   to   79.50
Light Weight - - - to - - -
Bulls, Yield Grade   1-2   1000   to   2100 lbs.   92.00   to   99.00
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 20 at 12530
  Apr down 40 at 12782
Feeders: March down 2 at 14070
  April down 42 at 14317

Cattle Comment
Cattle was mostly lower with negative cutout margins remaining a major factor in the current weakness. Overall tight supplies will limited downside.

Hogs
Peoria: were $2.50 lower to $1.50     higher   at   49.50   to   51.50

Chicago Futures: April down 57 at 8237
  May down 47 at 8990

Hogs Comment
Hogs were lower on continued poor performance at the wholesale level.



Poultry  Date: February 21, 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