Grain & Soybean Date: November 07, 2012

Soybeans

Local Elevators:
(Nov) EAST AR:  1470 to 1509
(NC) Summ. 1475 to 1514
River Elevators:
(Nov) MISS: 1517 to 1537 ; AR & White 1472 to 1515
(NC) Summ. 1477 to 1547
Ark. Processor Bids: (Nov) 1497 to 1505  (NC) 1519 to 1502
Memphis:  (Nov) 1531 to 1537 (NC)  - - - to - - -
Riceland Foods:  (Nov) Stuttgart 1497 ; Pendleton 1509 
 (NC) Stuttgart 1316 ; Pendleton 1321 

Chicago Futures:	Nov	down	8	at	1508 3/4
	Jan	down	8 1/2	at	1507
	March	down	5 3/4	at	1485 1/4
	May	down	4 1/4	at	1461
	July	down	4	at	1446
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans fell as negative outside markets following the election weighed on the trade. Improving weather in South America continued to be a negative factor.

Wheat
Cash bid for November at Memphis  842 to 889;

Bids to farmers at Local Elevators	845-865;
River Elevators	855-880;

Chicago Futures:	Dec	up	17	at	894
	March	up	17 1/4	at	907 3/4
	May	up	16 1/2	at	914
	July	up	10 1/2	at	890
	Sept	up	10 1/2	at	898
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for November at Memphis  1204 to - - -;

Bids to farmers at River Elevators	1097-1204;
Today's Arkansas LDP rate for sorghum is:	0¢

Corn

Cash bid for	November at Memphis   749 1/4 to 759 1/4;
	New Crop at Memphis   630  to - - -;
Bids to farmers at River Elevators	719 to 749

Chicago Futures:	Dec	up	3 1/4	at	744 1/4
	March	up	3	at	746
	May	up	2 3/4	at	742 1/2
	July	up	2 3/4	at	733 3/4
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat was sharply higher despite negative outside markets. Concerns about crops in Australia & Argentina & quality concerns in Europe provided additional support.

Corn was mixed with stronger wheat values providing some support. Increased ethanol production & a smaller production projection for Argentina were also supportive.

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Cotton & Rice  Date: November 07, 2012

Cotton

Spot Price, Grade 41 Staple 34:	Memphis down 57 at  6633
	Greenwood down  57 at 6633

New York Futures:	Dec	down	27	at	6983
	March	down	17	at	7107
	May	down	16	at	7222
	July	down	13	at	7312
	Oct	down	3	at	7489
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton was slightly lower with world & u. S. economic conditions weighing on the market. Rising world stocks & declining use will limit upside potential.

Rice

Long Grain Cash Bid for	Nov	1382/cwt	to	- - -
	NC	1449/cwt	to	- - -

Chicago Futures:	Nov	down	10	at	1493 1/2
	Jan	down	10	at	1522
	March	down	10	at	1553
	May	down	10	at	1581 1/2
	July	down	13	at	1599 1/2
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice remained under pressure with little or no change in underlying fundamentals. Upside is being limited by negative outside markets & large world supplies.

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Cattle & Hogs  Date: November 07, 2012

Cattle
As reported by Federal-State Market News, receipts were 972 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold $1 to $5 lower .

Steers:
Medium & Large Frame 1	400	to	450 lbs.	167.50	to	- - -
	500	to	550 lbs.	147.00	to	- - -
	600	to	650 lbs.	136.00	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.	128.00	to	- - -

Slaughter Cows, Boners 66.00   to   73.00
Light Weight 48.00 to 55.00
Bulls, Yield Grade   1   1000   to   2000 lbs.   85.00   to   88.00
Midwest Steers   were   at   - - -   to   - - -
Panhandle Steers   were   at   - - -   to   - - -

Oklahoma City Feeders
Steers	450	to	500 lbs.	163.00	to	173.00
	500	to	550 lbs.	160.00	to	172.00
Heifers	450	to	500 lbs.	142.00	to	156.50
	500	to	550 lbs.	134.00	to	145.00

Chicago Futures:

Live Cattle:	Dec	down	72	at	12495
	Feb	down	47	at	12885
Feeders:	Nov	down	65	at	14420
	Jan	down	122	at	14550

Cattle Comment
Cattle futures were sharply lower as declining stock markets weighed on trade.

Hogs
Peoria: were     steady   at   50.00   to   52.00

Chicago Futures:	Dec	up	252	at	8010
	Feb	up	252	at	8595

Hogs Comment
Hogs got a big boost from decking slaughter weights which suggests marketings are ahead of schedule. That suggests we could see a seasonal drop in supplies.

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Poultry  Date: November 07, 2012

Eggs

New York:	Ex. Lg. 132-136; Lg. 130-134; Med. 113-117;
Chicago:	Ex. Lg. 125-133; Lg. 123-131; Med. 108-116;

National Turkeys

Hens:	8-16 lbs	109.58
Toms:	16-24 lbs	112.17

Delmarva Broilers
U.S. Grade A
Prices are trending firm for whole broiler/fryers. Offerings are light to moderate for current trade needs. Demand is moderate to instances good for mid-week business. Market activity is moderate to at times active. In production areas, live supplies are moderate at mixed, but mostly desirable weights.