Grain & Soybean Date: February 18, 2010

Soybeans

Local Elevators:
(Feb) EAST AR:  895 to 913
(NC) Summ. 879 to 901
River Elevators:
(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
	Sept	down	2 3/4	at	944
	Nov	down	1/2	at	931 1/4
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
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.

Wheat
Cash bid for February at Memphis  425 to 464;

Bids to farmers at Local Elevators	452-464;
River Elevators	459-491;

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
	Sept	down	9 3/4	at	528
	Dec	down	9 1/4	at	553 1/4
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
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¢

Corn

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
	May	down	2 3/4	at	369
	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¢

Grain Comment
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.

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Cotton & Rice  Date: February 18, 2010

Cotton

Spot Price, Grade 41 Staple 34:	Memphis up 202 at  7363
	Greenwood up  202 at 7363

New York Futures:	Mar	up	180	at	7697
	May	up	202	at	7813
	July	up	150	at	7789
	Oct	up	46	at	7424
	Dec	up	30	at	7334
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
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.

Rice

Long Grain Cash Bid for	Feb	1264/cwt	to	- - -
	- - -	- - -	to	- - -

Chicago Futures:	Mar	down	2	at	1364
	May	down	1 1/2	at	1397
	July	up	1 1/2	at	1427
	Sept	down	3 1/2	at	1344
	- - -		- - -	at	- - -
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
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.

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Cattle & Hogs  Date: February 18, 2010

Cattle
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 .

Steers:
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	- - -
Heifers:
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
Steers	500	to	550 lbs.	113	to	122
	550	to	600 lbs.	111	to	120
Heifers	500	to	550 lbs.	106	to	108.50
	550	to	600 lbs.	100	to	109

Chicago Futures:

Live Cattle:	April	up	90	at	9305
	June	up	77	at	9090
Feeders:	Mar	up	90	at	10247
	May	up	55	at	10430

Cattle Comment
Cattle futures were higher on forecasts for another winter storm to hit the southern plains.

Hogs
Peoria: were     steady   at   45.50   to   46

Chicago Futures:	April	up	107	at	7027
	June	up	60	at	7950

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

Hogs Comment
Hogs were supported today by strength in cattle futures, fund buying and stronger wholesale pork prices.

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Poultry  Date: February 18, 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 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.