Grain & Soybean Date: March 1, 2010

Soybeans

Local Elevators:
(Mar) EAST AR:  900 to 918
(NC) Summ. 891 to 913
River Elevators:
(Mar) MISS: 909 to 962 ; AR & White 894 to 904
(NC) Summ. 887 to 923
Ark. Processor Bids: (Mar) 908 to 920  (NC) 898 to 901
Memphis:  (Mar) 942 1/2 to 974 1/2 (NC)  922 1/2 to - - -
Riceland Foods:  (Mar) Stuttgart 920 ; Pendleton 913 ; West Memphis 956

Chicago Futures:	May	up	1 1/2	at	962 1/2
	Jul	up	1 1/2	at	970 1/2
	Sept	up	1	at	952 1/2
	Nov	up	1 1/2	at	942 1/2
	Jan	up	1 1/2	at	951
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans traded to both sides of last Friday’s close before ending the day slightly higher. It appears the market has accounted for the big South American crop, at least for the time being. Long term that big crop and the potential for another big U.S. acreage could be enough to push the market lower. Crop planting problems could allow farmers another pricing opportunity, although upside would appear to be limited.

Wheat
Cash bid for March at Memphis  449 1/2 to 478 1/2;

Bids to farmers at Local Elevators	457-479;
River Elevators	468-502;

Chicago Futures:	May	down	14 3/4	at	504 1/2
	Jul	down	14 1/2	at	516 3/4
	Sept	down	14 1/4	at	530 3/4
	Dec	down	14	at	554 1/2
	Mar	down	14 3/4	at	578 1/2
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for March at Memphis  673 to - - -;

Bids to farmers at River Elevators	521-596;
Today's Arkansas LDP rate for sorghum is:	0¢

Corn

Cash bid for	March at Memphis   381 3/4 to 384 3/4;
	NC at Memphis   379 3/4 to 382 3/4;
Bids to farmers at River Elevators	350 to 378

Chicago Futures:	May	down	7 1/4	at	381 3/4
	Sept	down	6 1/4	at	399 3/4
	Dec	down	6 1/2	at	406 1/2
	Mar	down	6 1/4	at	416 3/4
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat was under selling pressure early and quickly gave back most of Friday’s gains. A very competitive export situation and large world supplies continue to hamper upside potential.

Corn lost ground today and closed lower. Demand for corn remains a mixed bag. Strong domestic use, both feed and ethanol, seems to be offsetting a weak export trade. Strong ethanol use was anticipated, but poor quality seems to be resulting in greater quantities being used to meet needs. While we are not there yet planting delays could be seen for the third year in a row. Be prepared to use rallies over the next 90 days as pricing opportunities.

---

Cotton & Rice  Date: March 1, 2010

Cotton

Spot Price, Grade 41 Staple 34:	Memphis up 83 at  7904
	Greenwood up  83 at 7904

New York Futures:	May	up	83	at	8329
	Jul	up	149	at	8342
	Oct	up	56	at	7684
	Dec	up	24	at	7466
	Mar 2011	down	31	at	7526
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton continues to work higher as export demand improves. Old crop contracts have moved well above 80 cents and some reports suggest a dollar per pound could be seen. Larger U.S. plantings are tempering new crop with a move to the mid 70’s in recent days. The recent December high of $78.25 may be stiff resistance, but any crop delays this year could put the market at higher levels.

Rice

Long Grain Cash Bid for	Mar/Apr	1275/cwt	to	- - -
	- - -	- - -	to	- - -

Chicago Futures:	May	up	9	at	1385
	Jul	up	8 1/2	at	1412 1/2
	Sept	up	6	at	1344
	Nov	up	5 1/2	at	1354 1/2
	- - -		- - -	at	- - -
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice made a little rebound today, keeping old and new crop contracts above recent support around 13.25. A weaker undertone in the international market and prospects of increased 2010 U.S. plantings are weighing on the market. Futures remain in a down trend but could make a rebound and retrace a portion of recent declines ahead of planting time.

---

Cattle & Hogs  Date: March 1, 2010

Cattle
As reported by Federal-State Market News, receipts were 4233 head at sales in Ash Flat, Springdale & Ola.  Compared with last week, feeder steers sold steady to $2 lower .

Steers:
Medium & Large Frame 1	400	to	450 lbs.	120.25	to	- - -
	500	to	550 lbs.	112.50	to	- - -
	600	to	650 lbs.	104	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	109	to	- - -
Heifers:
Medium & Large Frame 1	500	to	550 lbs.	103.50	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	97.75	to	- - -

Slaughter Cows, Boners 47   to   53
Light Weight 32 to 38
Bulls, Yield Grade   1   1000   to   2100 lbs.   58   to   65
Midwest Steers   were   at   88   to   93
Panhandle Steers   were   at   91   to   92

Oklahoma City Feeders
Steers	450	to	500 lbs.	127.50	to	133.75
	500	to	600 lbs.	114.50	to	125
Heifers	400	to	500 lbs.	106	to	114
	500	to	600 lbs.	102.50	to	109.75

Chicago Futures:

Live Cattle:	April	down	20	at	9172
	June	up	20	at	9060
Feeders:	April	up	115	at	10365
	May	up	105	at	10450

Cattle Comment
Cattle futures closed mixed. Fear that consumer demand for beef will wane with cutout values above $1.50 per pound pressured the nearby contracts. Longer term fewer cattle on feed should keep the market firm in the near term. Feeder cattle are testing recent resistance. A May close above $1.05 would be positive.

Hogs
Peoria: were $1 lower to $3     higher   at   46   to   48

Chicago Futures:	April	up	15	at	7295
	June	up	57	at	8197

Sheep
St. Paul - - -   at   - - -   to   - - -

Hogs Comment
Continued improvement in hog cutout values suggests strong demand is pushing futures toward new highs. Support is being provided by lower slaughter numbers.

---

Poultry  Date: March 1, 2010

Eggs

New York:	Ex. Lg. 114-118; Lg. 112-116; Med. 98-102;
Chicago:	Ex. Lg. 102-110; Lg. 100-108; Med. 89-97;

Eastern Region Turkeys

Hens:	8-16 lbs	80.50
Toms:	16-24 lbs	80.50

Delmarva Broilers
U.S. Grade A
The market tone was steady. Demand following the weekend was fair to moderate for first of the month business. Supplies of all sizes were at least adequate to satisfy current trade needs. In production areas live supplies were moderate at mostly desirable weights.