(March) EAST AR: 904 to 944
(New Crop) Summ. 875 to 897
(March) MISS: 919 to 978 ; AR & White 904 to 914
(New Crop) Summ. 871 to 907
Ark. Processor Bids: (March) 909 to 916 (New Crop) 882 to 885
Memphis: (March) 974 to 976 (New Crop) 911 1/2 to - - -
Riceland Foods: (March) Stuttgart 916 ; Pendleton 907 ; West Memphis 967
|Chicago Futures:||May||up||6 1/2||at||974|
|July||up||6 1/4||at||980 3/4|
|Today's Arkansas LDP rate for soybeans is:||0¢|
Soybeans closed mixed with new crop contracts slightly lower. Tomorrow's reports are expected to be mixed with stocks positive and planting intentions leaning to the negative. This year's plantings are expected to be up by a million or more acres. That will simply add to what is expected to be a huge South American crop. Improving weather in Brazil pressure the market today, while a port strike in Argentina was supportive.
Cash bid for March at Memphis 422 to 447;
|Bids to farmers at Local Elevators||425-447;|
|Chicago Futures:||May||up||7 1/4||at||472|
|July||up||7 1/4||at||485 1/4|
|Sept||up||7 1/2||at||501 1/2|
|Dec||up||7 1/2||at||529 3/4|
|March 2011||up||7 3/4||at||556|
|Today's Arkansas LDP rate for wheat is:||0¢|
Cash bid for March at Memphis 629 to - - -;
|Bids to farmers at River Elevators||480-555;|
|Today's Arkansas LDP rate for sorghum is:||0¢|
|Cash bid for||March at Memphis 358 1/2 to 359 1/2;|
|New Crop at Memphis 354 3/4 to - - -;|
|Bids to farmers at River Elevators||321 to 351|
|Chicago Futures:||May||down||2 1/2||at||354 1/2|
|Sept||down||2 1/2||at||374 3/4|
|Dec||down||2 3/4||at||383 3/4|
|March 2011||down||2 3/4||at||395|
|Today's Arkansas LDP rate for corn is:||0¢|
Wheat prices posted gains again today. The market continues to hope for new export demand to help relieve some of the excess stocks. Funds continue to drive the wheat market. Wheat is approaching the point of being oversold, which should help prices rebound in the near term. However, fundamentals remain weak and prices will have difficulty maintaining any kind of rally.
Corn was a little lower as the market marked time ahead of the USDA reports. Corn stocks and planting intentions are both expected to be negative. Long term, prospects of big stocks and another big 2010 crop is likely to keep pressure on price. Declining ethanol margins will add to the negative outlook.
Cotton & Rice Date: March 30, 2010
|Spot Price, Grade 41 Staple 34:||Memphis down 89 at 7504|
|Greenwood down 89 at 7504|
|New York Futures:||May||down||89||at||7954|
|This week's LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
Cotton was pushed lower ahead of what is expected to be bigger plantings in 2010. Most pre report expectations indicate an increase of 10 to 15 per cent or up to 1.5 million more acres. Long term that shouldn't be a problem as U. S. and world stocks are tightening. Improving economic conditions would be positive for cotton. December futures should trade above the recent high just above 78 cents.
|Long Grain Cash Bid for||March/April||1172/cwt||to||- - -|
|- - -||- - -||to||- - -|
|Chicago Futures:||May||up||20||at||1257 1/2|
|July||up||20 1/2||at||1288 1/2|
|Sept||up||19 1/2||at||1270 1/2|
|March 2011||up||21||at||1343 1/2|
|Today's Arkansas LDP rate for long grain rice is||0¢|
|medium grain rice is||0¢|
Rice made a strong rebound ahead of tomorrow's reports despite prospects of a substantial increase in 2010 plantings. Today's move may be a signal the market has bottomed. However, a weak undertone in the Asian market will likely limit upside potential.
Cattle & Hogs Date: March 30, 2010
As reported by Federal-State Market News, receipts were 1175 head at sales in Heber Springs and Fort Smith. Compared with last week, feeder steers sold firm to $8 higher, mostly $3 to $7 higher .
|Medium & Large Frame 1||400||to||450 lbs.||132.00||to||- - -|
|500||to||550 lbs.||123.25||to||- - -|
|600||to||650 lbs.||117.00||to||- - -|
|Medium & Large Frame 2||450||to||500 lbs.||118.50||to||- - -|
|Medium & Large Frame 1||500||to||550 lbs.||112.00||to||- - -|
|Medium & Large Frame 2||500||to||550 lbs.||104.75||to||- - -|
Slaughter Cows, Boners 50 to 55
Light Weight 30 to 34
Bulls, Yield Grade 1 1000 to 2100 lbs. 64.50 to 71.50
Midwest Steers - - - at - - - to - - -
Panhandle Steers - - - at - - - to - - -
|Oklahoma City Feeders
Cattle prices posted gains again today. Cattle continue to receive an extra boost from hog prices. Tight supplies should help maintain higher prices going forward.
Peoria: were steady at 42.00 to 44.00
St. Paul - - - at - - - to - - -
Hog prices continue to move higher today. Friday’s hog report continues to add some much needed support. The 3% decline in inventory and 4% decline in sows were significantly more than the market expected.
Poultry Date: March 30, 2010
|New York:||Ex. Lg. 129-133; Lg. 127-131; Med. 102-106;|
|Chicago:||Ex. Lg. 129-137; Lg. 127-135; Med. 104-112;|
Eastern Region Turkeys
U.S. Grade A
The market tone was weak. Demand was seasonally light with limited trading. Supplies of all sizes were more than sufficient to satisfy current trade needs. In the parts structure, movement was moderate for early week trading. In production areas, live supplies were moderate at mostly desirable weights.