Grain & Soybean Date: September 25, 2012

Soybeans

Local Elevators:
(Sept) EAST AR:  - - - to - - -
(NC) Summ. 1555 to 1582
River Elevators:
(Sept) MISS: 1594 to 1612 ; AR & White 1566 to 1591
(NC) Summ. 1560 to 1612
Ark. Processor Bids: (Sept) 1585 to - - -  (NC) 1580 to 1585
Memphis:  (Sept) 1606 1/2 to 1611 1/2 (NC)  1606 1/2 to 1616 1/2
Riceland Foods:  (Sept) Stuttgart 1580 ; Pendleton 1587 
 (NC) Stuttgart 1307 ; Pendleton 1312 

Chicago Futures:	Nov	up	1 1/2	at	1611 1/2
	Jan	up	3 1/4	at	1614 1/4
	March	up	4 1/4	at	1576 1/2
	May	up	5 3/4	at	1526
	July	up	5 3/4	at	1505 3/4
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans were a bit higher today. Traders may be inclined to wait for the stocks report to be released later this week, even though the changes in the monthly supply/demand report likely telegraph what that report will say. Traders are expecting September 1 stocks to come in at 130 million bushels. November has support at $15.93, below that level support at $15.82 comes back into play.

Wheat
Cash bid for September at Memphis  818 1/2 to - - -;

Bids to farmers at Local Elevators	816-826;
River Elevators	826-841;

Chicago Futures:	Dec	down	5 1/2	at	886 1/2
	March	down	5 1/2	at	898 1/4
	May	down	5 1/4	at	899
	July	down	4	at	860 1/2
	Sept	down	2 1/4	at	862 1/4
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for September at Memphis  1105 to - - -;

Bids to farmers at River Elevators	1025-1060;
Today's Arkansas LDP rate for sorghum is:	0¢

Corn

Cash bid for	September at Memphis   648 3/4 to 708 3/4;
	New Crop at Memphis   605 1/4 to 617 1/4;
Bids to farmers at River Elevators	669 to 704

Chicago Futures:	Dec	down	1	at	743 3/4
	March	down	1 1/4	at	747 1/2
	May	down	1 1/4	at	746
	July	unchanged	- - -	at	740 1/4
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat was under pressure again today. The trade expects September 1 wheat stocks to be 2.27 billion bushels. Friday’s small grains summary is expected to show soft red winter wheat acres of 433 million for 2013, down from the previous estimate of 435 million.

Corn futures ended mixed, with nearby contracts under pressure as the early harvest rolls on. The trade expects September 1 corn stocks to come in near 1.15 billion bushels, up from a year ago but down from the 1.13 billion in the recent supply/demand report. December has support near $7.40 and then near $7.30.

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Cotton & Rice  Date: September 25, 2012

Cotton

Spot Price, Grade 41 Staple 34:	Memphis down 17 at  6808
	Greenwood down  17 at 6808

New York Futures:	Oct	down	20	at	7081
	Dec	down	17	at	7233
	March	down	30	at	7320
	May	down	47	at	7410
	July	down	24	at	7508
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton followed the crowd lower again today. Lackluster international demand continues to weigh on the market. China has indicated also that they will not issue any further cotton import quotas this year. The next level of support for December is at 71.59 cents.

Rice

Long Grain Cash Bid for	Sept	1364/cwt	to	- - -
	NC	1441/cwt	to	- - -

Chicago Futures:	Nov	down	30	at	1488 1/2
	Jan	down	30	at	1519
	March	down	30 1/2	at	1546 1/2
	May	down	30	at	1567 1/2
	July	down	29	at	1588 1/2
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice fell the limit today as the recent rally ran out of steam. Ample world supplies and continued slow export demand will limit upside movement. November has support at $14.70 and the $14.54.

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Cattle & Hogs  Date: September 25, 2012

Cattle
As reported by Federal-State Market News, receipts were 1301 head at sales in Ft. Smith & Heber Springs.  Compared with last week, feeder steers sold steady to $4 lower .

Steers:
Medium & Large Frame 1	400	to	450 lbs.	167.00	to	- - -
	500	to	550 lbs.	148.00	to	- - -
	600	to	650 lbs.	139.00	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	151.00	to	- - -
Heifers:
Medium & Large Frame 1	500	to	550 lbs.	134.00	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	125.00	to	- - -

Slaughter Cows, Boners 70.00   to   77.00
Light Weight 51.00 to 58.00
Bulls, Yield Grade   1   1000   to   2100 lbs.   93.00   to   97.50
Midwest Steers   were   at   - - -   to   - - -
Panhandle Steers   were   at   - - -   to   - - -

Oklahoma City Feeders
Steers	450	to	500 lbs.	145.00	to	168.00
	500	to	550 lbs.	148.00	to	165.00
Heifers	450	to	500 lbs.	135.00	to	145.00
	500	to	550 lbs.	130.00	to	139.50

Chicago Futures:

Live Cattle:	Oct	down	260	at	12270
	Dec	down	300	at	12540
Feeders:	Sept	down	57	at	14320
	Oct	down	222	at	14517

Cattle Comment
Cattle futures were lower across the board today. Falling wholesale beef prices and technical selling were the impetus for the move. Live cattle futures fell well below the trading range that has supported prices for the past couple of months and additional weakness looks likely.

Hogs
Peoria: were $.50 lower to $3.50     higher   at   46.50   to   48.50

Chicago Futures:	Oct	down	22	at	7627
	Dec	down	70	at	7465

Hogs Comment
Hog futures also lower across the board. Carryover weakness from the cattle pits was impossible to overcome; however, weakness was limited for hogs by improving cash market fundamentals. The next chart resistance for the October contract is nearly $2 higher at $78.

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Poultry  Date: September 25, 2012

Eggs

New York:	Ex. Lg. 148-152; Lg. 146-150; Med. 123-127;
Chicago:	Ex. Lg. 142-150; Lg. 140-148; Med. 116-124;

National Turkeys

Hens:	8-16 lbs	110.00
Toms:	16-24 lbs	110.50

Delmarva Broilers
U.S. Grade A
Prices are holding steady for whole broiler/fryers. Offerings of all sizes are sufficient for current trade needs. Demand into retail and food service channels is moderate with trading usually limited to regular commitments. Market activity is moderate. In production areas, live supplies are moderate at mixed, but mostly desirable weights.