Grain & Soybean Date: November 21, 2012

This report contains mid-day prices. Our next full report will be Monday, November, 26, 2012.

Soybeans

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

Chicago Futures:	Jan	down	3 3/4	at	1409
	March	up	14 1/4	at	1396 1/4
	May	up	13 1/4	at	1379
	July	up	13 1/2	at	1372 1/4
	Aug	up	13 1/4	at	1349 1/2
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans were a little lower heading into Thanksgiving. January futures held above $14 but there doesn’t seem to be much upward momentum and the question is whether the market has made a harvest low. Big sales to China didn’t stimulate much upward interest.

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

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

Chicago Futures:	Dec	up	3 1/4	at	845
	March	down	1/4	at	860 1/4
	May	up	2 1/4	at	866 1/4
	July	up	1 1/2	at	852 3/4
	Sept	up	1	at	859 1/4
	Today's Arkansas LDP rate for wheat is:				0¢

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

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

Corn

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

Chicago Futures:	Dec	down	4 1/4	at	739
	March	down	3 1/4	at	744
	May	up	5 1/4	at	743
	July	up	5 1/2	at	732 1/4
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat was slightly higher as crop conditions remain poor in the Plains area of the U.S. ON the other hand soft red crop conditions are pretty good. New crop July has support at $8.25 with resistance at $9.

Corn was a little weaker as recent buyers took profit ahead of the Thanksgiving holiday. Corn made a good bounce showing gains the 3 previous sessions. Technically the market remains in a trading range. At this point it appears corn is a buy at $7.05 and then demand plays out as the market moves toward resistance between $7.50 and $7.75. That trend is likely to continue until Southern Hemisphere crops are well established and larger acreage is confirmed for the U.S.

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Cotton & Rice  Date: November 21, 2012

Cotton

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

New York Futures:	Dec	down	12	at	7238
	March	up	17	at	7266
	May	up	3	at	7337
	July	unchanged	- - -	at	7431
	Oct	unchanged	- - -	at	7599
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton was narrowly mixed with little fresh fundamental news to give the market direction. Upside movement remains difficult in the light of poor demand and huge stocks.

Rice

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

Chicago Futures:	Jan	down	3 1/2	at	1489
	March	down	3	at	1521
	May	up	8	at	1552 1/2
	July	up	5	at	1567 1/2
	Sept	up	5	at	1517
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice futures are moving in a narrow range just above recent support. Mills are scheduled into the first of the year. Exports are substantially stronger than a year ago, that includes both rough rice and milled. However, the Asian market is highly variable. Big Thai stocks are creating marketing problems as the intervention payments were substantially higher than the market.

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Cattle & Hogs  Date: November 21, 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   - - -   to   - - -
Panhandle Steers   were   at   - - -   to   - - -

Oklahoma City Feeders
Steers	- - -	to	- - - lbs.	- - -	to	- - -
	- - -	to	- - - lbs.	- - -	to	- - -
Heifers	- - -	to	- - - lbs.	- - -	to	- - -
	- - -	to	- - - lbs.	- - -	to	- - -

Chicago Futures:

Live Cattle:	Dec	up	102	at	12807
	Feb	up	110	at	13162
Feeders:	Jan	up	132	at	14737
	March	up	150	at	14997

Cattle Comment
Cattle futures were solidly higher ahead of Thanksgiving. Some cash cattle bids were as high as $126 and feedlots were holding for more. The cattle on feed numbers are down sharply from a year ago and are beginning to show the impact of drought induced herd liquidations.

Hogs
Peoria: were     steady   at   49.00   to   - - -

Chicago Futures:	Dec	up	10	at	8175
	Feb	down	57	at	8712

Hogs Comment
Hog futures were mostly lower as cold storage stocks are expected to be at record levels. December futures appear to be testing resistance between $82.25 and $83.50.

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Poultry  Date: November 21, 2012

Eggs

New York:	Ex. Lg. - - -; Lg. - - -; Med. - - -;
Chicago:	Ex. Lg. - - -; Lg. - - -; Med. - - -;

National Turkeys

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

Delmarva Broilers
U.S. Grade A
Whole broiler/fryers are trending higher. Offerings are light for current trade needs. Demand is moderate to good approaching the Thanksgiving holiday. Market activity is active. In production areas, live supplies are moderate at mixed, but mostly desirable weights.