Grain & Soybean Date: September 27, 2012

Soybeans

Local Elevators:
(Sept) EAST AR:  - - - to - - -
(NC) Summ. 1524 to 1556
River Elevators:
(Sept) MISS: 1562 to 1571 ; AR & White 1529 to 1560
(NC) Summ. 1529 to 1573
Ark. Processor Bids: (Sept) 1554 to - - -  (NC) 1549 to 1554
Memphis:  (Sept) 1563 3/4 to 1575 3/4 (NC)  1563 3/4 to 1575 3/4
Riceland Foods:  (Sept) Stuttgart 1549 ; Pendleton 1556 
 (NC) Stuttgart 1271 ; Pendleton 1276 

Chicago Futures:	Nov	down	2 1/4	at	1570 3/4
	Jan	down	3	at	1571 1/4
	March	down	7 3/4	at	1524
	May	down	9 1/4	at	1479
	July	down	10	at	1460
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans were lower again today, but closed near the middle of the day’s trading range. The focus has shifted to general macroeconomic concerns and away from supply/demand issues. Cash prices are being supported by steady export sales, mostly to China. November has violated several levels of support this week, and could be headed for a retest of support at $15.36.

Wheat
Cash bid for September at Memphis  787 1/2 to 820 3/4;

Bids to farmers at Local Elevators	791-801;
River Elevators	801-816;

Chicago Futures:	Dec	down	13 3/4	at	855 1/2
	March	down	13	at	868 1/4
	May	down	13 1/2	at	870 1/4
	July	down	10 1/4	at	835 3/4
	Sept	down	7 3/4	at	838
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for September at Memphis  1056 to - - -;

Bids to farmers at River Elevators	993-1056;
Today's Arkansas LDP rate for sorghum is:	0¢

Corn

Cash bid for	September at Memphis   621 1/4 to 681 1/4;
	New Crop at Memphis   575 1/4  to 587 1/4;
Bids to farmers at River Elevators	653 to 676

Chicago Futures:	Dec	down	8 1/2	at	816 1/4
	March	down	9	at	719 1/2
	May	down	9 3/4	at	717
	July	down	10 1/2	at	711
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
The selloff accelerated in wheat today. As has been expected, Russian wheat is being priced out of the market as supplies tighten. The Russian government plans to release some government stocks in order to ease prices. December violated support at $8.60 today, and that could signal a retest of support below $8.20.

Corn futures were sharply lower again today. Harvest pressure and macroeconomic concerns continue to weigh on the market. December has little technical support before $6.85.

---

Cotton & Rice  Date: September 27, 2012

Cotton

Spot Price, Grade 41 Staple 34:	Memphis up 51 at  6728
	Greenwood up  51 at 6728

New York Futures:	Oct	up	51	at	7003
	Dec	up	51	at	7153
	March	up	51	at	7249
	May	up	55	at	7351
	July	up	54	at	7459
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton turned higher, contrary to the overall negative undertone today. The weaker dollar was supportive today. However, lackluster international demand will likely continue to limit upside possibilities. China has indicated also that they will not issue any further cotton import quotas this year.

Rice

Long Grain Cash Bid for	Sept	1392/cwt	to	- - -
	NC	1470/cwt	to	- - -

Chicago Futures:	Nov	up	16 1/2	at	1516 1/2
	Jan	up	17 1/2	at	1548 1/2
	March	up	17 1/2	at	1576 1/2
	May	up	17 1/2	at	1595 1/2
	July	up	17 1/2	at	1617 1/2
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice continued to rebound today, regaining almost all what Tuesday’s limit losses took off the market. Ample world supplies and continued slow export demand will limit upside movement. November has support at $14.70 and the $14.54.

---

Cattle & Hogs  Date: September 27, 2012

Cattle
As reported by Federal-State Market News, receipts were 2330 head at sales in Charlotte, Ratcliff, & Green Forest.  Compared with last week, feeder steers sold mostly weak to $5 lower. .

Steers:
Medium & Large Frame 1	400	to	450 lbs.	162.00	to	- - -
	500	to	550 lbs.	151.00	to	- - -
	600	to	650 lbs.	141.00	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	152.00	to	- - -
Heifers:
Medium & Large Frame 1	500	to	550 lbs.	137.00	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	133.00	to	- - -

Slaughter Cows, Boners 68.00   to   75.00
Light Weight 55.00 to 60.00
Bulls, Yield Grade   1-2   1000   to   2100 lbs.   84.00   to   88.50
Midwest Steers   were   at   - - -   to   - - -
Panhandle Steers   were   at   - - -   to   - - -

Oklahoma City Feeders
Steers	450	to	500 lbs.	150.00	to	151.00
	500	to	600 lbs.	132.00	to	154.00
Heifers	450	to	500 lbs.	133.00	to	141.00
	500	to	550 lbs.	134.00	to	143.00

Chicago Futures:

Live Cattle:	Oct	up	22	at	12245
	Dec	up	42	at	12517
Feeders:	Sept	down	17	at	14327
	Oct	up	12	at	14622

Cattle Comment
Cattle futures ended mixed, with live futures mostly higher on ideas this week’s losses were overdone. Falling wholesale beef prices and technical selling pressured live cattle futures. Live cattle futures fell well below the trading range that has supported prices for the past couple of months and additional weakness looks likely. October looks likely to retest support around $119.

Hogs
Peoria: were $2.50 higher to $1.50     lower   at   47.00   to   49.00

Chicago Futures:	Oct	up	35	at	7722
	Dec	down	77	at	7360

Hogs Comment
Hog futures were mostly lower again today, with nearby October supported by higher cash bids as packers work to fill their needs this week. The next chart resistance for the October contract is $78.

---

Poultry  Date: September 27, 2012

Eggs

New York:	Ex. Lg. 140-144; Lg. 138-142; Med. 112-116;
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
Whole broiler/fryer prices are holding steady. Offerings are sufficient for current trade needs. Demand into retail and food service channels is moderate approaching the weekend with trading usually limited to regular commitments. Market activity is mostly moderate. In production areas, live supplies are moderate at mixed, but mostly desirable weights.