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 |
2 |
at |
1470 1/2 |
| |
July |
down |
1 3/4 |
at |
1454 1/2 |
| |
Aug |
down |
3 3/4 |
at |
1414 |
| |
Sept |
down |
8 |
at |
1335 |
| |
Today's Arkansas LDP rate for soybeans is: |
0¢ |
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: |
0¢ |
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: |
0¢ |
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: |
0¢ |
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 |
0¢ |
| medium grain rice is |
0¢ |
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 AN/A