Grain & Soybean Date: Feburary 17, 2010

Soybeans

Local Elevators:
(Feb) EAST AR:  898 to 917
(NC) Summ. 880 to 902
River Elevators:
(Feb) MISS: 913 to 961 ; AR & White 898 to 908
(NC) Summ. 877 to 912
Ark. Processor Bids: (Feb) 907 to 918  (NC) 887 to 890
Memphis:  (Feb) 941 1/2 to 968 1/2 (NC)  911 3/4 to 916 3/4
Riceland Foods:  (Feb) Stuttgart 918 ; Pendleton 911 ; West Memphis 954

Chicago Futures:	Mar	down	14	at	951 1/2
	May	down	13 1/2	at	961
	July	down	13	at	968 3/4
	Sept	down	9 3/4	at	946 3/4
	Nov	down	9 1/4	at	931 3/4
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans lost a good portion of yesterday's gains. A stronger dollar contributed to the downturn, as did yesterday's big gains. The market will continue to be influenced by outside markets as portfolio managers adjust their investment mix. Rebounds remain pricing opportunities.

Wheat
Cash bid for February at Memphis  434 3/4 to 473 3/4;

Bids to farmers at Local Elevators	462-474;
River Elevators	469-501;

Chicago Futures:	Mar	down	10 1/4	at	494 3/4
	May	down	10 1/4	at	509 1/4
	July	down	10 1/4	at	522
	Sept	down	10 1/2	at	537 3/4
	Dec	down	9 3/4	at	562 1/2
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for February at Memphis  634 to - - -;

Bids to farmers at River Elevators	502-577;
Today's Arkansas LDP rate for sorghum is:	0¢

Corn

Cash bid for	February at Memphis   367 to 370;
	New crop at Memphis   370 to 378;
Bids to farmers at River Elevators	334 to 362

Chicago Futures:	Mar	down	7 1/4	at	360
	May	down	7 1/4	at	371 3/4
	Sept	down	6 3/4	at	390
	Dec	down	6	at	396 3/4
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat futures gave back a portion of yesterday's gains but didn't completely close the gap left on the charts. Yesterday's weakness in the value of the dollar was a big factor in the move, and today the dollar regained some strength. The winter wheat crop ratings are so-so, and when combined with the already 14% smaller acreage, have given the market a little support as concerns about global demand for U.S. wheat are eased just a bit.

Corn was lower as the trade has growing concern about the quality of the 09 crop. Prospects of 90 million acres being planted to corn in 2010 is also pressuring new crop contracts. Upside potential may be limited.

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Cotton & Rice  Date: February 17, 2010

Cotton

Spot Price, Grade 41 Staple 34:	Memphis down 15 at  7161
	Greenwood down  15 at 7161

New York Futures:	Mar	down	17	at	7517
	May	down	15	at	7611
	July	down	23	at	7639
	Oct	down	23	at	7378
	Dec	down	9	at	7904
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton was lower for the first time in over a week, as the market saw some profit taking. Increased export demand has been a factor in the bounce over the last two weeks. USDA added a million bales to their export projection in this month's report. Reports of increased 2010 plantings could limit upside potential.

Rice

Long Grain Cash Bid for	Feb	1266/cwt	to	- - -
	- - -	- - -	to	- - -

Chicago Futures:	Mar	down	50	at	1366
	May	down	50	at	1398 1/2
	July	down	48 1/2	at	1425 1/2
	Sept	down	15	at	1347 1/2
	- - -	unchanged	- - -	at	- - -
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice was sharply lower as yesterday's losses were a precursor to today's downturn. International markets continue to weaken with Vietnam selling rice below their targeted price. Thailand appears to be rethinking their position with other Asian origins selling well below their offering levels. New export demand is needed to give the U.S. market a boost.

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Cattle & Hogs  Date: February 17, 2010

Cattle
As reported by Federal-State Market News, receipts were 805 head at sales in Conway and Pocahontas.  Compared with last week, feeder steers sold $8 to $12 higher .

Steers:
Medium & Large Frame 1	400	to	450 lbs.	117.75	to	- - -
	500	to	550 lbs.	107	to	- - -
	600	to	650 lbs.	100	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	103.75	to	- - -
Heifers:
Medium & Large Frame 1	500	to	550 lbs.	95.50	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	95.50	to	- - -

Slaughter Cows, Boners 48   to   55
Light Weight 30 to 34
Bulls, Yield Grade   1   1400   to   2300 lbs.   61.50   to   64.50
Midwest Steers   were steady   at   88   to   89
Panhandle Steers   were steady   at   88   to   89

Oklahoma City Feeders
Steers	500	to	550 lbs.	117	to	124.50
	550	to	600 lbs.	110.25	to	119.75
Heifers	500	to	550 lbs.	100.25	to	106.85
	550	to	600 lbs.	95.25	to	103

Chicago Futures:

Live Cattle:	April	down	2	at	9215
	June	up	15	at	9012
Feeders:	Mar	up	45	at	10157
	May	up	60	at	10375

Cattle Comment
Cattle futures were mostly higher. Feeders were supported by lower corn prices and live futures were supported by stronger beef prices and expectations for higher cash cattle prices. Slow movement has limited the upside.

Hogs
Peoria: were 50¢ lower to $2 higher       at   45.50   to   46

Chicago Futures:	April	up	92	at	6920
	June	up	67	at	7890

Sheep
St. Paul n/a   at   - - -   to   - - -

Hogs Comment
Hog futures were also higher. Firm wholesale pork prices and improved product movement were supportive.

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Poultry  Date: February 17, 2010

Eggs

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

Hens:	8-16 lbs.	77.50
Toms:	16-24 lbs.	77.50

Delmarva Broilers
U.S. Grade A
The market tone was steady to fully steady. Demand was fair to moderate with limited trading for mid week business. Supplies were sufficient to satisfy current trade needs. In production areas live supplies were moderate at mostly desirable weights.