(Feb) EAST AR: 895 to 913
(NC) Summ. 879 to 901
(Feb) MISS: 910 to 958 ; AR & White 895 to 905
(NC) Summ. 876 to 911
Ark. Processor Bids: (Feb) 903 to 915 (NC) 886 to 889
Memphis: (Feb) 938 to 965 (NC) 911 1/4 to 916 1/4
Riceland Foods: (Feb) Stuttgart 915 ; Pendleton 908 ; West Memphis 951
|Chicago Futures:||Mar||down||3 1/2||at||948|
|May||down||3 1/2||at||957 1/2|
|July||down||3 1/2||at||965 1/4|
|Today's Arkansas LDP rate for soybeans is:||0¢|
Soybean prices closed the day down slightly. Strengthening oil prices as well as a strong crush numbers from last month continue to support prices. However with the large South American coming to the market US exports have seen their pace slow, causing the market to decline slightly today.
Cash bid for February at Memphis 425 to 464;
|Bids to farmers at Local Elevators||452-464;|
|Chicago Futures:||Mar||down||9 3/4||at||485|
|May||down||9 3/4||at||499 1/2|
|July||down||9 3/4||at||512 1/4|
|Dec||down||9 1/4||at||553 1/4|
|Today's Arkansas LDP rate for wheat is:||0¢|
Cash bid for February at Memphis 629 to - - -;
|Bids to farmers at River Elevators||496-571;|
|Today's Arkansas LDP rate for sorghum is:||0¢|
|Cash bid for||February at Memphis 367 1/4 to - - -;|
|New crop at Memphis 368 1/4 to - - -;|
|Bids to farmers at River Elevators||331 to 359|
|Chicago Futures:||Mar||down||2 3/4||at||357 1/4|
|Sept||down||1 3/4||at||388 1/4|
|Dec||down||1 1/2||at||395 1/4|
|Today's Arkansas LDP rate for corn is:||0¢|
Wheat fell to new lows for the move today. The market has been driven by outside forces recently, particularly by the dollar index. If today's losses don't turn around before the close, it will open the possibility of another leg down.
Corn prices fell again today. Strength in the oil markets minimized losses as the USDA released their first forecast of the 2010 crop at 89 million acres up 1 million acres from 2009. This forecast is not based on surveys, but an estimate by analysts; the first survey based forecast will come at the end of March. Most private firms have the acres closer to 90 million acres. Both forecasts will likely limit upside potential for corn.
Cotton & Rice Date: February 18, 2010
|Spot Price, Grade 41 Staple 34:||Memphis up 202 at 7363|
|Greenwood up 202 at 7363|
|New York Futures:||Mar||up||180||at||7697|
|This week's LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
After a brief pause, cotton resumed its higher push in the old crop contracts. Continued strong demand is widening the spread between old crop/new crop. Prospects of increased world usage are a positive. Increased 2010 plantings are limited new crop. Increased Chinese buying put March above recent resistance and new highs are likely.
|Long Grain Cash Bid for||Feb||1264/cwt||to||- - -|
|- - -||- - -||to||- - -|
|- - -||- - -||at||- - -|
|Today's Arkansas LDP rate for long grain rice is||0¢|
|medium grain rice is||0¢|
Rice was slightly lower as the market failed to retrace any of yesterday’s losses. 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.
Cattle & Hogs Date: February 18, 2010
As reported by Federal-State Market News, receipts were 1,249 head at sales in Charlotte and Ratcliff. Compared with last week, feeder steers sold $3 to $10 higher compared to last week's limited test .
|Medium & Large Frame 1||400||to||450 lbs.||127.75||to||- - -|
|500||to||550 lbs.||112.75||to||- - -|
|600||to||650 lbs.||106||to||- - -|
|Medium & Large Frame 2||400||to||450 lbs.||109||to||- - -|
|Medium & Large Frame 1||500||to||550 lbs.||99.25||to||- - -|
|Medium & Large Frame 2||400||to||450 lbs.||90.75||to||- - -|
Slaughter Cows, Boners 46 to 51
Light Weight - - - to - - -
Bulls, Yield Grade 1-2 1000 to 2100 lbs. 58 to - - -
Midwest Steers were steady to $1 higher at 89 to - - -
Panhandle Steers were steady to $1 higher at 89 to - - -
|Oklahoma City Feeders
Cattle futures were higher on forecasts for another winter storm to hit the southern plains.
Peoria: were steady at 45.50 to 46
St. Paul n/a at - - - to - - -
Hogs were supported today by strength in cattle futures, fund buying and stronger wholesale pork prices.
Poultry Date: February 18, 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 mostly steady. Demand entering the weekend was fair to moderate with limited trading. Supplies were at least adequate to satisfy current trade needs. In production areas live supplies were moderate at mostly desirable weights.