(Feb) EAST AR: 912 to 931
(NC) Summ. 889 to 911
(Feb) MISS: 927 to 975 ; AR & White 912 to 922
(NC) Summ. 886 to 921
Ark. Processor Bids: (Feb) 921 to 932 (NC) 896 to 899
Memphis: (Feb) 955 1/2 to 982 1/2 (NC) 921 to 926
Riceland Foods: (Feb) Stuttgart 932 ; Pendleton 911 ; West Memphis 968
|Chicago Futures:||Mar||up||20 1/2||at||965 1/2|
|May||up||20 1/2||at||974 1/2|
|Today's Arkansas LDP rate for soybeans is:||0¢|
Soybeans closed with gains up to 20 cents with a strong boost from oil and equity markets. A weak dollar was also a factor as the Euro soared on indications Greece would resolve its debt problem. March and November tested resistance. Both could be set for further gains.
Cash bid for February at Memphis 445 to 483;
|Bids to farmers at Local Elevators||476-484;|
|Chicago Futures:||Mar||up||18 1/2||at||505|
|May||up||18 1/4||at||519 1/2|
|July||up||18 1/4||at||532 1/4|
|Sept||up||18 3/4||at||548 1/4|
|Dec||up||17 3/4||at||572 1/4|
|Today's Arkansas LDP rate for wheat is:||0¢|
Cash bid for February at Memphis 645 to - - -;
|Bids to farmers at River Elevators||514-589;|
|Today's Arkansas LDP rate for sorghum is:||0¢|
|Cash bid for||February at Memphis 374 1/4 to 379 1/4;|
|New crop at Memphis 326 3/4 to 384 3/4;|
|Bids to farmers at River Elevators||341 to 369|
|Chicago Futures:||Mar||up||5 3/4||at||367 1/4|
|Sept||up||5 1/2||at||396 3/4|
|Dec||up||5 1/2||at||402 3/4|
|Today's Arkansas LDP rate for corn is:||0¢|
Wheat was sharply higher despite big world stocks and slow export demand. March moved above resistance at $5 while July topped last week's high just above $5.25. Today's move suggests further short term gains.
Corn also firmed on outside market support, but was not as strong as beans and wheat. Corn tested recent resistance and needs follow through tomorrow.
Cotton & Rice Date: February 16, 2010
|Spot Price, Grade 41 Staple 34:||Memphis up 135 at 7176|
|Greenwood up 135 at 7176|
|New York Futures:||Mar||up||95||at||7534|
|This week's LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
Cotton continued to move higher with old crop/new crop spreads widening. That reflects tightening old crop stocks and concern about projected acreage increases in 2010.
|Long Grain Cash Bid for||Feb||1316/cwt||to||- - -|
|- - -||- - -||to||- - -|
|May||down||10 1/2||at||1448 1/2|
|Sept||down||2 1/2||at||1362 1/2|
|- - -||- - -||at||- - -|
|Today's Arkansas LDP rate for long grain rice is||0¢|
|medium grain rice is||0¢|
Rice was the only major crop that couldn't muster a positive move, closing as much as 10 cents lower. Prospects of increased U.S. 2010 plantings are weighing on the market.
Cattle & Hogs Date: February 16, 2010
As reported by Federal-State Market News, receipts were 80 head at sales in Ash Flat, Ola, Springdale, Fort Smith and Marshall. Compared with last week, feeder steers were $2 to $5 higher .
|Medium & Large Frame 1||400||to||450 lbs.||114.75||to||- - -|
|500||to||550 lbs.||108.75||to||- - -|
|600||to||650 lbs.||103||to||- - -|
|Medium & Large Frame 2||450||to||500 lbs.||102||to||- - -|
|Medium & Large Frame 1||500||to||550 lbs.||93.75||to||- - -|
|Medium & Large Frame 2||500||to||550 lbs.||87.75||to||- - -|
Slaughter Cows, Boners 47.50 to 53.50
Light Weight 34 to 40
Bulls, Yield Grade 1 1000 to 2100 lbs. 60 to 66
Midwest Steers were steady to $1 lower at 88 to 89
Panhandle Steers were steady to $1.50 lower at 88 to 89
|Oklahoma City Feeders
Live cattle and feeder futures made big gains helped by last week's stronger cash market. A weaker dollar and stronger outside markets were also supportive factors.
Peoria: were steady to $4 higher at 44 to 46
St. Paul n/a at - - - to - - -
Hogs moved up on fund buying but gains were limited by the premium of futures to cash. Concerns about pork demand and Russia's continued ban on most U.S. pork also limited upside.
Poultry Date: February 16, 2010
|New York:||Ex. Lg. 109-113; Lg. 107-111; Med. 95-99;|
|Chicago:||Ex. Lg. 100-108; Lg. 98-106; Med. 86-94;|
Eastern Region Turkeys
U.S. Grade A
The market tone was fully steady to firm. Demand following the weekend was fair to moderate with trading usually limited to regular commitments. Supplies of all sizes were light to moderate to satisfy current trade needs. In production areas live supplies were moderate at mostly desirable weights.