Grain & Soybean Date: October 08, 2012

Due to Columbus Day some prices are unavailable.

Soybeans

Local Elevators:
(Oct) EAST AR:  - - - to - - -
(NC) Summ. - - - to - - -
River Elevators:
(Oct) MISS: - - - to - - - ; AR & White - - - to - - -
(NC) Summ. - - - to - - -
Ark. Processor Bids: (Oct) - - - to - - -  (NC) - - - to - - -
Memphis:  (Oct) - - - to - - - (NC)  - - - to - - -
Riceland Foods:  (Oct) Stuttgart - - - ; Pendleton - - - 
 (NC) Stuttgart - - - ; Pendleton - - - 

Chicago Futures:	Nov	down	1/2	at	1551
	Jan	down	3	at	1548
	March	down	11	at	1502
	May	down	10 3/4	at	1449 3/4
	July	down	6 1/2	at	1435 3/4
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans ended the Columbus Day holiday lower as continued talk of improving yields and negative outside markets pressured the market. Harvest continues to advance quickly and is expected to be over 50% when the crop progress report is released tomorrow. While last week’s completion of a 50% retracement of the late summer rally may be harvest low, this week’s supply/demand report could push November to fill the July 3 gap at $14.78. While this crop is getting larger, supply will remain tight, limiting downside pressure at some point.

Wheat
Cash bid for October at Memphis  - - - to - - -;

Bids to farmers at Local Elevators	- - -;
River Elevators	- - -;

Chicago Futures:	Dec	up	3 1/2	at	861
	March	up	2 1/2	at	871 1/4
	May	up	2 1/4	at	871 3/4
	July	up	1/2	at	840 3/4
	Sept	up	1	at	845
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for October at Memphis  - - - to - - -;

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

Corn

Cash bid for	October at Memphis   - - - to - - -;
	New Crop at Memphis   - - - to - - -;
Bids to farmers at River Elevators	- - - to - - -

Chicago Futures:	Dec	down	6	at	742
	March	down	6 1/2	at	742
	May	down	7 1/2	at	736 1/4
	July	down	7 3/4	at	730
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat futures turned higher today. The trade is expecting Thursday’s report to be bullish. Expectations are for a lower crop estimate for Russia, Ukraine and Australia, resulting in a lower ending stocks number.

Corn may see a slight bump in yield in Thursdays report. If not in this report, in a subsequent one. So, stocks are likely to tighten slightly, at least the quarterly stocks report suggested there will be less corn to start the year than thought. December’s recent low at $7.05 is major support as we move forward.

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Cotton & Rice  Date: October 08, 2012

Cotton

Spot Price, Grade 41 Staple 34:	Memphis  - - - at  - - -
	Greenwood   - - - at - - -

New York Futures:	Oct	up	63	at	7043
	Dec	up	29	at	7178
	March	up	32	at	7262
	May	up	34	at	7357
	July	up	29	at	7442
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton was s lightly higher, but December futures in a narrow trading range below 72 cents. There are indications China will be importing substantially less cotton in 2013, but they are still buying on market declines and that should limit the downside. The cotton market may still be a year away from major improvement. Could be less if world economic conditions improve and 2013 plantings dip significantly.

Rice

Long Grain Cash Bid for	Oct	- - -	to	- - -
	NC	- - -	to	- - -

Chicago Futures:	Nov	up	26	at	1536 1/2
	Jan	up	26	at	1569
	March	up	26	at	1597
	May	up	27	at	1618 1/2
	July	up	16 1/2	at	1641
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice retraced last Friday’s decline to close near the top of a 6 or 7 day consolidation area. Additional resistance rests at the recent high near $15.50. There is little in the way of fundamentals to suggest any significant improvement in this market. However, stranger things have happened and one national publication recently suggested the rice market could pop because of dry conditions and increased corn plantings in Brazil. Time will tell.

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Cattle & Hogs  Date: October 08, 2012

Cattle
As reported by Federal-State Market News, receipts were - - - head at sales in - - -.  Compared with last week, feeder steers - - - .

Steers:
Medium & Large Frame 1	- - -	to	- - - lbs.	- - -	to	- - -
	- - -	to	- - - lbs.	- - -	to	- - -
	- - -	to	- - - lbs.	- - -	to	- - -
Medium & Large Frame 2	- - -	to	- - - lbs.	- - -	to	- - -
Heifers:
Medium & Large Frame 1	- - -	to	- - - lbs.	- - -	to	- - -
Medium & Large Frame 2	- - -	to	- - - lbs.	- - -	to	- - -

Slaughter Cows, Boners - - -   to   - - -
Light Weight - - - to - - -
Bulls, Yield Grade   - - -   - - -   to   - - - lbs.   - - -   to   - - -
Midwest Steers   were   at   121.00   to   124.50
Panhandle Steers   were   at   124.00   to   124.00

Oklahoma City Feeders
Steers	450	to	500 lbs.	169.00	to	174.00
	500	to	550 lbs.	158.00	to	172.00
Heifers	400	to	450 lbs.	155.00	to	160.00
	500	to	550 lbs.	141.50	to	143.00

Chicago Futures:

Live Cattle:	Oct	up	30	at	12335
	Dec	up	20	at	12640
Feeders:	Oct	steady	- - -	at	14482
	Nov	up	10	at	14630

Cattle Comment
Cattle futures were mostly higher. Live contracts were higher on expectations for higher cash trade today. Feeders were supported by higher live cattle prices and weakness in the corn pit.

Hogs
Peoria: were     steady   at   50.00   to   52.00

Chicago Futures:	Oct	up	15	at	8147
	Dec	up	32	at	7687

Hogs Comment
Hog futures ended mixed. December continues to trend higher, with trendline support near $74.50.

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Poultry  Date: October 08, 2012

Eggs

New York:	Ex. Lg. 134-142; Lg. 132-140; Med. 105-113;
Chicago:	Ex. Lg. 117-121; Lg. 115-119; Med. 94-98;

National Turkeys

Hens:	8-16 lbs	111.02
Toms:	16-24 lbs	111.61

Delmarva Broilers
U.S. Grade A
Prices are holding steady for whole broiler/fryers. Offerings are sufficient for current trade needs. Demand into retail and food service channels is moderate entering the weekend. Market activity is moderate. In production areas, live supplies are moderate at mixed, but mostly desirable weights.