(Jan) EAST AR: 1347 to 1383
(NC) Summ. 1246 to 1276
(Jan) MISS: 1384 to 1393 ; AR & White 1351 to 1367
(NC) Summ. 1257 to 1293
Ark. Processor Bids: (Jan) 1363 to 1363 (NC) 1276 to 1279
Memphis: (Jan) 1388 to - - - (NC) 1292 to 1296
Riceland Foods: (Jan) Stuttgart 1363 ; Pendleton 1383 ; West Memphis 1393
|Chicago Futures:||Mar||down||15 1/2||at||1378|
|July||down||12 3/4||at||1389 1/2|
|Jan '12||down||8 1/2||at||1290 1/2|
|Today's Arkansas LDP rate for soybeans is:||0¢|
Soybeans continue to be volatile with yesterday’s gains trimmed in overnight trading. The day session continued weaker despite strong Asian soybean oil prices. That market has moved to the highest level in 2 ½ years. Funds remain an unknown with potential rebalancing of positions still ahead. Longer term 2011 acreage needs will likely limit downside.
Cash bid for January at Memphis 774 to 784;
|Bids to farmers at Local Elevators||770-775;|
|Chicago Futures:||Mar||down||19 1/4||at||789|
|May||down||18 3/4||at||816 1/4|
|Dec '11||down||15 1/4||at||860 3/4|
|Today's Arkansas LDP rate for wheat is:||0¢|
Cash bid for January at Memphis 1039 to 1057;
|Bids to farmers at River Elevators||971-1032;|
|Today's Arkansas LDP rate for sorghum is:||0¢|
|Cash bid for||January at Memphis 588 to 597;|
|New Crop at Memphis 560 1/4 to 563 1/4;|
|Bids to farmers at River Elevators||576 to 597|
|Chicago Futures:||Mar||down||17 1/4||at||602|
|May||down||16 3/4||at||610 3/4|
|Sept||down||12 1/4||at||575 1/4|
|Dec '11||down||8 1/4||at||550|
|Today's Arkansas LDP rate for corn is:||0¢|
Volatility continued today in the wheat pit as prices can't seem to go the same direction two days in a row. Fund selling and continued improvement in the value of the dollar added pressure today. The weekly export total was within trade expectations, and even though it was a holiday week, it brings the yearly total to more than 62 percent higher than this time last year.
Corn was generally weaker in early trade with poor export demand weighing on the market. Several factors may yet play into the market, including crop conditions in Argentina, fund rebalancing, USDA crop report adjustments, and 2011 acreage needs. For now downside movement should be limited.
Cotton & Rice Date: January 6, 2011
|Spot Price, Grade 41 Staple 34:||Memphis down 398 at 13472|
|Greenwood down 398 at 13472|
|New York Futures:||Mar||down||398||at||14122|
|This week's LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
Cotton traded sharply higher overnight and into the day session before reversing and closing sharply lower. December futures extended the recent uptrend and moved to a new contract high. It would appear that the market feels like additional U.S. plantings will be needed in 2011. Economic conditions continue to improve worldwide and coupled with strong Chinese demand will create need for more cotton.
|Long Grain Cash Bid for||Jan||1190/cwt||to||- - -|
|April/May||1218/cwt||to||- - -|
|Nov||down||20 1/2||at||1470 1/2|
|Today's Arkansas LDP rate for long grain rice is||0¢|
|medium grain rice is||0¢|
Rice was weaker in early trading as the market followed other grains and soybeans. The international has softened slightly over the last month. U.S. milled values remain at a $100 to $125 premium to Asian offerings. Upside potential appears limited unless export opportunities improve.
Cattle & Hogs Date: January 6, 2011
As reported by Federal-State Market News, receipts were 3,946 head at sales in Charlotte, Ratcliff and Green Forest. Compared with last week, feeder steers have no trend, sales closed last week for holidays .
|Medium & Large Frame 1||400||to||450 lbs.||150.00||to||- - -|
|500||to||550 lbs.||131.50||to||- - -|
|600||to||650 lbs.||125.25||to||- - -|
|Medium & Large Frame 2||400||to||450 lbs.||125.00||to||- - -|
|Medium & Large Frame 1||500||to||550 lbs.||117.75||to||- - -|
|Medium & Large Frame 2||400||to||450 lbs.||112.75||to||- - -|
Slaughter Cows, Boners 51.00 to 58.00
Light Weight 35.00 to 41.00
Bulls, Yield Grade 1-2 1000 to 2100 lbs. 61.00 to 68.50
Midwest Steers were 50¢ higher at 104.50 to - - -
Panhandle Steers - - - at - - - to - - -
|Oklahoma City Feeders
Cattle futures climbed higher today, but gains were limited by ideas that marketings will be more than ample in the near future.
Peoria: were $1 lower to $3 higher at 46.00 to 48.00
Hog futures posted strong gains on active packer buying driving cash carcass prices higher. Optimism about the economy and a positive unemployment report were also factors.
Poultry Date: January 6, 2011
|New York:||Ex. Lg. 105-109; Lg. 103-107; Med. 90-94;|
|Chicago:||Ex. Lg. 123-131; Lg. 121-129; Med. 82-90;|
U.S. Grade A
Prices continue to trend steady for whole broilers and fryers. Offerings are moderate. Retail and food service demand is light to moderate approaching the weekend. Market activity is slow to moderate. In production areas, live supplies are moderate at mostly desirable weights.