(March) EAST AR: 890 to 930
(New Crop) Summ. 888 to 910
(March) MISS: 904 to 961 ; AR & White 889 to 899
(New Crop) Summ. 885 to 920
Ark. Processor Bids: (March) 902 to - - - (New Crop) 895 to 898
Memphis: (March) 971 1/2 to - - - (New Crop) 920 to - - -
Riceland Foods: (March) Stuttgart 902 ; Pendleton 893 ; West Memphis 953
|Chicago Futures:||May||up||1/2||at||959 1/2|
|Jan||down||1 1/4||at||948 1/4|
|Today's Arkansas LDP rate for soybeans is:||0¢|
Soybeans closed mixed for the day. Despite a positive export report the market started on the defensive with lower crude oil and a stronger dollar providing pressure. November futures have strong resistance just below $9.50.
Cash bid for March at Memphis 439 1/4 to 469 1/4;
|Bids to farmers at Local Elevators||442-460;|
|Chicago Futures:||May||down||6 3/4||at||489 1/4|
|Sept||down||7 1/2||at||517 1/4|
|Dec||down||7 3/4||at||543 1/4|
|March 2011||down||7 1/4||at||568 3/4|
|Today's Arkansas LDP rate for wheat is:||0¢|
Cash bid for March at Memphis 675 to - - -;
|Bids to farmers at River Elevators||511-586;|
|Today's Arkansas LDP rate for sorghum is:||0¢|
|Cash bid for||March at Memphis 372 to - - -;|
|New Crop at Memphis 376 1/4 to - - -;|
|Bids to farmers at River Elevators||340 to 371|
|Sept||up||1 1/2||at||396 1/4|
|Dec||up||1 1/4||at||405 1/4|
|March 2011||up||1 1/4||at||416 1/4|
|Today's Arkansas LDP rate for corn is:||0¢|
Wheat gave back a good portion of yesterday’s big gains. The potential for flooding in the Red River Valley is providing some support, but favorable conditions across much of winter wheat country and large old-crop supplies are keeping a lid on prices.
Corn ended the session slightly higher after reversing early losses. A good export report gave the market the initial strength. Prospects of more rain and flooding in the upper Midwest are helping keep the market in a positive mode.
Cotton & Rice Date: March 18, 2010
|Spot Price, Grade 41 Staple 34:||Memphis up 104 at 7771|
|Greenwood up 104 at 7771|
|New York Futures:||May||up||104||at||8221|
|This week's LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
Cotton reversed recent declines to close with solid gains. Improving world and U. S. economic conditions bode well for cotton in the long run. Tightening stocks suggest upside potential despite prospects of larger plantings in 2010. December should test the 78.25 cents high at some point.
|Long Grain Cash Bid for||March/April||1177/cwt||to||- - -|
|- - -||- - -||to||- - -|
|Chicago Futures:||May||unchanged||- - -||at||1262|
|July||up||1 1/2||at||1292 1/2|
|- - -||- - -||at||- - -|
|Today's Arkansas LDP rate for long grain rice is||0¢|
|medium grain rice is||0¢|
Rice was mixed for today’s session. The international markets remain some what subdued, but activity could be picking up soon. Upside potential could be limited until this year's crop is planted and there is a better feel about U.S. and world production.
Cattle & Hogs Date: March 18, 2010
As reported by Federal-State Market News, receipts were 3596 head at sales in Charlotte, Ratcliff and Green Forest. Compared with last week, feeder steers sold firm to $4 higher .
|Medium & Large Frame 1||400||to||450 lbs.||126.50||to||- - -|
|500||to||550 lbs.||119.50||to||- - -|
|600||to||650 lbs.||110.50||to||- - -|
|Medium & Large Frame 2||400||to||450 lbs.||119.75||to||- - -|
|Medium & Large Frame 1||500||to||550 lbs.||104.25||to||- - -|
|Medium & Large Frame 2||400||to||450 lbs.||98.25||to||- - -|
Slaughter Cows, Boners 47 to 52
Light Weight 33 to 41
Bulls, Yield Grade 1-2 1000 to 2100 lbs. 57 to 66
Midwest Steers were $1 higher to steady at 93.00 to - - -
Panhandle Steers - - - at - - - to - - -
|Oklahoma City Feeders
April live cattle futures gapped to new highs today. The market looks technically strong, but the market is overbought, so a correction could come at any time. There isn’t any technical resistance now for April below $100, and support begins at $96.75. Tight market-ready supplies and low market weights are providing support to the cash market.
Peoria: were $1 higher to $3 lower at 42 to 44
St. Paul - - - at - - - to - - -
Hogs were higher on support from sharp gains in cattle. Seasonally, the market tends to move higher and this year’s smaller pork production estimate suggests a tighter supply situation near term.
Poultry Date: March 18, 2010
|New York:||Ex. Lg. 141-145; Lg. 139-143; Med. 114-118;|
|Chicago:||Ex. Lg. 129-137; Lg. 127-135; Med. 106-114;|
Eastern Region Turkeys
U.S. Grade A
The market tone was firm. Demand was seasonally moderate to fairly good for late week trading. Supplies of all sizes were light to satisfy current trade needs. In the parts structure, movement was mostly good. In production areas live supplies were moderate at mostly desirable weights.