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Daily Market Report Archive

Grain & Soybean Date: March 07, 2013

REMINDER: March Market Update Webinar tomorrow (Fri., March 08, 2013) at 12:30 p.m. To participate in the Webinar click on the link and follow the instructions: www.tinyurl.com/arfbwebex For more information call Matt King at 501-519-4297

Soybeans

Local Elevators:
(March) EAST AR:  1457 to 1494
(NC) Summ. 1248 to 1278
River Elevators:
(March) MISS: 1513 to 1545 ; AR & White 1459 to 1520
(NC) Summ. 1250 to 1303
Ark. Processor Bids: (Feb) 1484 to 1584  (NC) 1268 to 1273
Memphis:  (March) 1511 1/2 to 1518 1/2 (NC)  1303 to - - -
Riceland Foods:  (March) Stuttgart 1484 ; Pendleton 1494 
 (NC) Stuttgart 1268 ; Pendleton 1278 

Chicago Futures: March up 19 at  1503 1/2
  May  up  7 1/2  at  1473 1/2
  July up at  1453 3/4
  Aug up at  1414 1/2
  Sept up 2 1/2  at  1334
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans were mixed with old crop posting big gains and more distant contracts slightly lower. Exports for current crop were light but good for 2013/14 crop. A smaller Brazilian crop was indicated in reports today, a result dry conditions in some areas and wet harvest conditions in others. Movement of the Brazilian crop is taking on nightmare proportions as the problems are extending to ground movement where trucks are report backed up almost 40 miles in one area.

Wheat
Cash bid for March at Memphis  720 1/2 to - - -;

Bids to farmers at Local Elevators 659-669;
River Elevators 655-700;

Chicago Futures: March up  10 1/2  at  686 3/4 
  May up 11 3/4  at  695 1/2 
  July up  10 1/4  at  699 
  Sept up  at  706 1/2 
  Dec up  8 3/4  at  720 1/2 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for March at Memphis  1172 to 1208;

Bids to farmers at River Elevators 1056-1092;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for March at Memphis   723 1/4 to 729 1/4;
  New Crop at Memphis   534 to 544;
Bids to farmers at River Elevators  680 to 726

Chicago Futures: March up  3 1/2  at  711 1/2 
  May up  2 3/4  at  691 1/4 
  July up  3/4  at  672 1/2 
  Sept down  3 1/4  at  564 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat retraced a portion of recent losses and closed with solid gains. The market corrected after being technically oversold .

Corn was mixed with A stronger wheat market actually limiting declines. Nearby contracts closed a little higher, despite very poor exports. New crop December remains under pressure from potential large 2013 plantings.



Cotton & Rice  Date: March 04, 2013


Cotton

Spot Price, Grade 41 Staple 34: Memphis down 49 at  8275
  Greenwood down  49 at 8275

New York Futures: March down  74  at  8650 
  July down  88  at  8708 
 Oct down  51  at  8601 
 Dec down  33  at  8598 
 March down  22  at  8578 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton saw prices dip slightly ahead of tomorrow's report, and recent gains. Resistance around 87 to 89 cents will be difficult to overcome.

Rice

Long Grain Cash Bid for  March 1410/cwt  to  - - -
  NC 1451/cwt  to  - - -

Chicago Futures: March up  6 1/2  at  1516 
 May up  5 1/2  at  1539 1/2 
 July up  at  1568 
 Sept down  12  at  1530 1/2 
 Nov down  12  at  1542 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice made modest gains as the market retraced a small portion of recent losses ahead of the March report. Export & domestic use continue to be very good. Milling schedules appear to be filled through April. The question is how producers will react to planting this year. U. S. 9stocks will tighten & more rice acres could result.



Cattle & Hogs  Date: March 07, 2013

Cattle
As reported by Federal-State Market News, receipts were 1932 head at sales in Charlotte, Green Forest & Ratcliff.  Compared with last week, feeder steers sold mostly $2 to $7 lower compared to last weeks limited test .

Steers:
 Medium & Large Frame 1   350 to 400 lbs. 178.50 to - - -
  450 to 500 lbs. 170.00 to - - -
  550 to 600 lbs. 150.50 to - - -
 Medium & Large Frame 2   450 to 500 lbs. 155.50 to - - -

Heifers:
 Medium & Large Frame 1   450 to 500 lbs. 147.00 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 141.00 to - - -

Slaughter Cows, Boners 73.00   to   81.00
Light Weight 62.00 to 69.00
Bulls, Yield Grade   1-2   1000   to   2100 lbs.   90.00   to   100.00
Midwest Steers   were   at   - - -   to   - - -
Panhandle Steers   were   at   - - -   to   - - -

Oklahoma City Feeders
Steers 400 to 500 lbs. 183.00 to 200.00
  500 to 550 lbs. 175.00 to 186.00
Heifers 450 to 500 lbs. 152.00 to 161.00
  500 to 600 lbs. 143.00 to 154.00

Chicago Futures:
Live Cattle: April down 50 at 12830
  June up 50 at 12445
Feeders: March down 45 at 14047
  April up 37 at 14262

Cattle Comment
Cattle were mostly higher. Support from higher hogs and stronger wholesale beef accounted for today's improvement.

Hogs
Peoria: were     steady   at   48.00   to   50.00

Chicago Futures: April up 255 at 8180
  May up 255 at 8990

Hogs Comment
Hogs were sharply higher and could have bottomed. The market was technically oversold and due a rebound. Stronger cash bids were also supportive.



Poultry  Date: March 07, 2013

Eggs

New York:  Ex. Lg. 123-127; Lg. 121-125; Med. 106-110;
Chicago:  Ex. Lg. 101-109; Lg. 99-107; Med. 81-89;

National Turkeys
Hens: 8-16 lbs 94.50
Toms: 16-24 lbs 95.91
 

Delmarva Broilers
U.S. Grade A
N/A