(Jan) EAST AR: 1334 to 1370
(NC) Summ. 1242 to 1272
(Jan) MISS: 1370 to 1380 ; AR & White 1337 to 1353
(NC) Summ. 1253 to 1289
Ark. Processor Bids: (Jan) 1350 to 1350 (NC) 1272 to 1275
Memphis: (Jan) 1370 to 1373 (NC) 1287 3/4 to 1291 3/4
Riceland Foods: (Jan) Stuttgart 1350 ; Pendleton 1370 ; West Memphis 1380
|May||down||12 3/4||at||1373 3/4|
|July||down||11 3/4||at||1377 3/4|
|Nov||down||4 1/4||at||1281 3/4|
|Jan '12||down||5||at||1285 1/2|
|Today's Arkansas LDP rate for soybeans is:||0¢|
Soybeans were lower to end the week on a negative note. No big changes in numbers are expected in next week’s report, but there have been surprises in the last couple of reports. Fund rebalancing continues to be a part of recent activity. The question is whether the market has accounted for 2011 acreage needs and how much impact weather will have on Argentina’s crops.
Cash bid for January at Memphis 759 to 769;
|Bids to farmers at Local Elevators||763-768;|
|May||down||14 1/2||at||801 3/4|
|Dec '11||down||8 3/4||at||852|
|Today's Arkansas LDP rate for wheat is:||0¢|
Cash bid for January at Memphis 1027 to 1045;
|Bids to farmers at River Elevators||959-1020;|
|Today's Arkansas LDP rate for sorghum is:||0¢|
|Cash bid for||January at Memphis 581 to 583;|
|New Crop at Memphis 554 1/2 to 557 1/2;|
|Bids to farmers at River Elevators||567 to 590|
|Sept||down||5 3/4||at||569 1/2|
|Today's Arkansas LDP rate for corn is:||0¢|
Wheat futures posted losses. Fund selling and continued improvement in the value of the dollar added pressure today. Overall fundamentals remain positive, with the market concerned about having enough high-protein wheat.
Corn closed lower again today and has had a general negative tone for the first week of 2011. While some adjustments are expected in next week’s report, it appears that the market has already accounted for potential changes.
Cotton & Rice Date: January 7, 2011
|Spot Price, Grade 41 Staple 34:||Memphis down 62 at 134.10|
|Greenwood down 62 at 134.10|
|New York Futures:||Mar||down||62||at||14060|
|This week's LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
Cotton was mostly lower following this week’s poor export report. A weak undertone in outside markets also weighed on the cotton trade. At this week’s belt-wide meeting there was general agreement that cotton plantings would be around 12.5 million acres. That may not satisfy the long term needs of China.
|Long Grain Cash Bid for||Jan||1163/cwt||to||- - -|
|April/May||1218/cwt||to||- - -|
|Today's Arkansas LDP rate for long grain rice is||0¢|
|medium grain rice is||0¢|
Rice was lower again today. After breaking trendline resistance on Monday the market hasn’t been able to muster any follow-through. Four consecutive days of declines has March trading toward previous support at $13.25 to $13.33.
Cattle & Hogs Date: January 7, 2011
As reported by Federal-State Market News, receipts were 2,593 head at sales in Arkansas this week. Compared with last week, feeder steers have no trend, sales closed last week for holidays .
|Medium & Large Frame 1||400||to||450 lbs.||147.00||to||- - -|
|500||to||550 lbs.||131.00||to||- - -|
|600||to||650 lbs.||121.00||to||- - -|
|Medium & Large Frame 2||400||to||450 lbs.||127.75||to||- - -|
|Medium & Large Frame 1||500||to||550 lbs.||117.50||to||- - -|
|Medium & Large Frame 2||400||to||450 lbs.||117.75||to||- - -|
Slaughter Cows, Boners 51.00 to 61.00
Light Weight 36.00 to 47.00
Bulls, Yield Grade 1 1000 to 2100 lbs. 64.00 to 76.00
Midwest Steers - - - at - - - to - - -
Panhandle Steers - - - at - - - to - - -
|Oklahoma City Feeders
Cattle futures ended lower. Recent strength in the dollar is pressuring prices, as are ideas marketings will be more than ample in the near future.
Peoria: were $1 lower to $3 higher at 47.00 to 49.00
Hog futures ended mixed. Active packer buying has supported the market this week. Optimism about the economy and a positive unemployment report were also factors.
Poultry Date: January 7, 2011
|New York:||Ex. Lg. 102-106; Lg. 100-104; Med. 90-94;|
|Chicago:||Ex. Lg. 123-131; Lg. 121-129; Med. 82-90;|
U.S. Grade A
Prices are steady for whole broilers and fryers. Supplies of all sizes are moderate with trading limited to most immediate needs. Demand is seasonally light to moderate entering the weekend. Market activity is slow to moderate. In production areas, live supplies are moderate at mostly desirable weights.