(Feb) EAST AR: 1402 to 1438
(NC) Summ. 1328 to 1358
(Feb) MISS: 1433 to 1448 ; AR & White 1406 to - - -
(NC) Summ. 1339 to 1374
Ark. Processor Bids: (Feb) 1418 to 1418 (NC) 1358 to 1358
Memphis: (Feb) 1448 to - - - (NC) 1373 to - - -
Riceland Foods: (Feb) Stuttgart 1418 ; Pendleton 1438 ; West Memphis 1448
|Jan '12||up||26 3/4||at||1370|
|Today's Arkansas LDP rate for soybeans is:||0¢|
Soybeans led the move higher as outside markets, weather and the port strike in Argentina provided support. Soybeans have moved back near recent highs and appear ready to continue the ongoing trend. The soybean/corn price ratio is stable and this point seems to suggest slightly smaller soybean acreage in 2011. Continued strong exports and further tightening of stocks would indicate a need for additional acreage; so soybean price levels may have increase relative to corn and cotton to get necessary acreage.
Cash bid for February at Memphis 840 3/4 to 845 3/4;
|Bids to farmers at Local Elevators||826-833;|
|Chicago Futures:||Mar||down||5||at||835 3/4|
|May||down||4 1/2||at||866 1/4|
|Today's Arkansas LDP rate for wheat is:||0¢|
Cash bid for February at Memphis 1127 to 1132;
|Bids to farmers at River Elevators||- - -;|
|Today's Arkansas LDP rate for sorghum is:||0¢|
|Cash bid for||February at Memphis 653 to 660;|
|New Crop at Memphis 618 to - - -;|
|Bids to farmers at River Elevators||651 to - - -|
|Chicago Futures:||Mar||up||6 1/2||at||666|
|May||up||6 1/2||at||676 1/2|
|Today's Arkansas LDP rate for corn is:||0¢|
Wheat futures were a bit lower. Concerns about whether or not unrest in Egypt will disrupt grain movement into that country caused some anxiety. The market is still trending higher as there has been no clear indication of a top.
Corn continued to firm in conjunction with soybeans. New crop December hit a new contract high and appears ready to move above $6. A smaller Argentine crop and the continuing port strike are positive price factors.
Cotton & Rice Date: February 1, 2011
|Spot Price, Grade 41 Staple 34:||Memphis up 378 at 16572|
|Greenwood up 378 at 16572|
|New York Futures:||Mar||up||378||at||17222|
|This week's LDP rate for cotton is||0 cents|
|The estimate for next week is||0 cents|
Cotton was sharply higher early in the session. New crop December hit a new high of $1.17 before pulling back at midday. Strong demand and tight stocks could boost the market even higher, particularly new crop.
|Long Grain Cash Bid for||Feb||1293/cwt||to||- - -|
|- - -||- - -||to||- - -|
|Chicago Futures:||Mar||up||42 1/2||at||1593 1/2|
|July||up||34 1/2||at||1643 1/2|
|Sept||up||31 1/2||at||1624 1/2|
|Today's Arkansas LDP rate for long grain rice is||0¢|
|medium grain rice is||0¢|
Rice was higher early in the session, but gains were trimmed at midday. Prospects of a big cut in the 2011 planted acreage have helped boost the market. The international market remains somewhat subdued and Asian offerings are at least $100 per tonne below the U.S. price.
Cattle & Hogs Date: February 1, 2011
As reported by Federal-State Market News, receipts were 1,569 head at sales in Heber Springs and Fort Smith. Compared with last week, feeder steers - - - .
|Medium & Large Frame 1||400||to||450 lbs.||139.00||to||- - -|
|500||to||550 lbs.||131.00||to||- - -|
|600||to||650 lbs.||124.00||to||- - -|
|Medium & Large Frame 2||450||to||500 lbs.||128.75||to||- - -|
|Medium & Large Frame 1||500||to||550 lbs.||116.25||to||- - -|
|Medium & Large Frame 2||500||to||550 lbs.||110.25||to||- - -|
Slaughter Cows, Boners 62.00 to 72.00
Light Weight 42.00 to 52.00
Bulls, Yield Grade 1 1000 to 2100 lbs. 74.50 to 83.50
Midwest Steers - - - at - - - to - - -
Panhandle Steers - - - at - - - to - - -
|Oklahoma City Feeders
Cattle futures got a bump from the semiannual inventory report showing that tight supplies will continue. Strong packer margins indicate that there is some additional upside in cash values.
Peoria: were steady at 52.00 to 54.00
Hog futures took a breather today on profit taking after strong gains yesterday.
Poultry Date: February 1, 2011
|New York:||Ex. Lg. 111-115; Lg. 109-113; Med. 100-104;|
|Chicago:||Ex. Lg. 103-111; Lg. 101-109; Med. 92-100;|
U.S. Grade A
Whole broilers and fryers prices are steady to at times weak. Supplies of all sizes are moderate to heavy. Early week demand is light with trading mostly limited to regular commitments. Market activity is slow. In production areas, live supplies are moderate at mixed weights.