(Feb) EAST AR: 892 to 910
(NC) Summ. 874 to 896
(Feb) MISS: 907 to 955 ; AR & White 892 to 902
(NC) Summ. 871 to 906
Ark. Processor Bids: (Feb) 900 to 912 (NC) 881 to 884
Memphis: (Feb) 935 to 967 (NC) 906 to 911
Riceland Foods: (Feb) Stuttgart 912 ; Pendleton 905 ; West Memphis 948
|Today's Arkansas LDP rate for soybeans is:||0¢|
Soybeans drifted lower following USDA’s release of projected plantings, production and ending stocks for the 2010 crop. A 3% smaller acreage is projected, but reduced usage left projected ending stocks at 330 million bushels. That pressured new crop, while the smallest marketing year export sales pressured old crop. Upside potential may be limited as harvest of a record South American crop proceeds.
Cash bid for February at Memphis 429 3/4 to 476 3/4;
|Bids to farmers at Local Elevators||457-469;|
|Chicago Futures:||Mar||up||4 3/4||at||489 3/4|
|July||up||4 1/2||at||516 3/4|
|Sept||up||4 3/4||at||532 3/4|
|Dec||up||4 1/4||at||557 1/2|
|Today's Arkansas LDP rate for wheat is:||0¢|
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¢|
|Cash bid for||February at Memphis 370 to 372;|
|New crop at Memphis 370 3/4 to - - -;|
|Bids to farmers at River Elevators||334 to 362|
|Chicago Futures:||Mar||up||2 3/4||at||360|
|May||up||2 3/4||at||371 3/4|
|Sept||up||2 1/2||at||390 3/4|
|Today's Arkansas LDP rate for corn is:||0¢|
Wheat recovered a portion of yesterday’s big losses. The market has been driven by outside forces recently, particularly by the dollar index.
Corn managed to firm despite USDA’s projection of another record crop in 2010. Smaller projected ending stocks suggested a high level of use as we go forward. However, good crop conditions during 2010 could change that outlook and move futures lower. Long term support just below $3 may not be out of question.
Cotton & Rice Date: February 19, 2010
|Spot Price, Grade 41 Staple 34:||Memphis up 85 at 7448|
|Greenwood up 85 at 7448|
|New York Futures:||Mar||up||182||at||7879|
|This week's LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
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 limiting new crop. Increased Chinese buying kept March moving higher. March tested 80 cents at one point in today’s trade.
|Long Grain Cash Bid for||Feb||1263/cwt||to||- - -|
|- - -||- - -||to||- - -|
|- - -||- - -||at||- - -|
|Today's Arkansas LDP rate for long grain rice is||0¢|
|medium grain rice is||0¢|
Rice was basically unchanged as the market appears to be attempting to consolidate just above the January low. 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 19, 2010
As reported by Federal-State Market News, receipts were 7,435 head at sales in Arkansas this week. Compared with last week, feeder steers sold $1 to $6 higher .
|Medium & Large Frame 1||400||to||450 lbs.||121.50||to||- - -|
|500||to||550 lbs.||113||to||- - -|
|600||to||650 lbs.||105.50||to||- - -|
|Medium & Large Frame 2||450||to||500 lbs.||110.75||to||- - -|
|Medium & Large Frame 1||500||to||550 lbs.||100.75||to||- - -|
|Medium & Large Frame 2||450||to||500 lbs.||96||to||- - -|
Slaughter Cows, Boners 50 to 58
Light Weight 32 to 36
Bulls, Yield Grade 1 1000 to 2100 lbs. 59 to 65.50
Midwest Steers were $3 higher at 92 to - - -
Panhandle Steers were $3 to $3.50 higher at 92 to 92.50
|Oklahoma City Feeders
April cattle futures moved to new recent highs again today. Forecasts for another winter storm to hit the southern plains are giving futures a boost. Deferred contracts were under pressure from a stronger dollar.
Peoria: were $2 lower to 50¢ higher at 44 to 46
St. Paul n/a at - - - to - - -
Hogs were also mixed today. Recent strength in cattle futures, fund buying and stronger wholesale pork prices were supportive, while a stronger dollar added pressure.
Poultry Date: February 19, 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 steady. Demand approaching the weekend was fair to moderate with trading usually limited to regular commitments. Supplies of all sizes were sufficient to satisfy current trade needs. In production areas live supplies were moderate at mostly desirable weights.