Click here to view this report online.

Arkansas Farm Bureau
Grain & Soybean Date: November 14, 2012

Soybeans

Local Elevators:
(Nov) EAST AR:  1398 to 1425
(NC) Summ. 1432 to - - -
River Elevators:
(Nov) MISS: 1458 to 1470 ; AR & White 1395 to 1444
(NC) Summ. 1425 to 1470
Ark. Processor Bids: (Nov) 1425 to 1445  (NC) 1445 to - - -
Memphis:  (Nov) 1469 3/4 to 1471 3/4 (NC)  1286 to - - -
Riceland Foods:  (Nov) Stuttgart 1425 ; Pendleton 1437 
 (NC) Stuttgart 1266 ; Pendleton 1271 

Chicago Futures: Jan up 6 at  1424 3/4
  March  up  9 1/4  at  1412 1/4
  May up 9 1/2  at  1392 1/4
  July up 9 1/4  at  1385 1/2
  Aug up 9 1/4  at  1362
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans closed higher but negative outside markets limited upside and led to a partial retracement of early gains. Dry conditions in South Brazil helped firm soybeans and keep them in a rebound mode. A January close above $14.50 would be a positive technical signal.

Wheat
Cash bid for November at Memphis  870 to 874;
Bids to farmers at Local Elevators 819-834;
River Elevators 824-844;

Chicago Futures: Dec up  1 1/4  at  849 
  March up 2 1/4  at  863 3/4 
  May up  2 1/2  at  870 1/2 
  July up  at  859 1/4 
  Sept up  5 1/4  at  865 3/4 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for November at Memphis  87 to 874;
Bids to farmers at River Elevators 1138-1209;
Today's Arkansas LDP rate for sorghum is:

Corn
Cash bid for November at Memphis   773 1/4 to 782 1/4;
  New Crop at Memphis   620 3/4 to 625 3/4;
Bids to farmers at River Elevators  747 to 779

Chicago Futures: Dec up  1 3/4  at  747 1/4 
  March up  1 1/2  at  751 1/4 
  May up  2   at  748 3/4 
  July up  2 3/4  at  740 1/4 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat was a bit higher across the board today, with new crop contracts leading the way. The condition of the crop is the focus of the market, and deterioration in HRW country has traders already expecting a larger-than-average number of abandoned acres. July is building on support at the recent low of $8.38.

Corn continued to inch higher with expiring December holding just below $7.50. Good export sales and inspections are a positive. Long term resistance at $7.75 will be difficult to surpass without significant export demand. New crop December continues to work higher with resistance starting at $6.40 and then $6.65.



Cotton & Rice  Date: November 26, 2012


Cotton
Spot Price, Grade 41 Staple 34: Memphis unchanged - - - at  69.62
  Greenwood unchanged  - - - at 69.62

New York Futures: Dec up  143  at  7126 
  March up  119  at  7262 
 May up  124  at  7345 
 July up  118  at  7440 
 Oct up  118  at  7608 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton retraced late losses from last week to move back to the top of a very narrow sideways consolidation area. Cotton will have a difficult time moving higher with demand remaining stagnant and supplies large. Smaller plantings in 2013 will help, but it may take more than that to give the market a chance to move higher.

Rice
Long Grain Cash Bid for  Nov 1352/cwt  to  - - -
  NC 1424/cwt  to  - - -

Chicago Futures: Jan down  11 1/2  at  1492 
 March down  12  at  1523 1/2 
 May down  11 1/2  at  1552 1/2 
 July down  at  1574 
 Sept down  at  1523 1/2 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice was lower despite fairly good recent export movement. Mills are fully scheduled into the new year but sales have been generally limited to a few select areas. Long term big Thai supplies are a problem especially this rice will move is a big question. For now upside potential appears limited.



Cattle & Hogs  Date: November 26, 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   127.00   to   128.00
Panhandle Steers   were   at   126.00   to   128.00

Oklahoma City Feeders
Steers 450 to 500 lbs. 177.00 to 189.00
  500 to 550 lbs. 162.00 to 172.00
Heifers 500 to 550 lbs. 139.00 to 148.50
  550 to 600 lbs. 139.00 to 143.00

Chicago Futures:
Live Cattle: Dec down 55 at 12840
  Feb down 32 at 13240
Feeders: Jan down 52 at 14735
  March down 32 at 15010

Cattle Comment
Cattle futures were lower across the board. Live cattle futures were lower on profit taking after big gains during the past few trading sessions. Feeders were pressured by weakness in live cattle and stronger corn prices.

Hogs
Peoria: were     steady   at   50.50   to   51.00

Chicago Futures: Dec steady - - - at 8247
  Feb down 40 at 8697

Hogs Comment
Hog futures ended mixed. December futures moved to a new 7+ month high today. However, the upside from here will likely be limited as futures are now more than $4.50 premium to cash prices.



Poultry  Date: November 26, 2012

Eggs
New York:  Ex. Lg. 138-142; Lg. 136-140; Med. 111-115;
Chicago:  Ex. Lg. 131-139; Lg. 129-137; Med. 104-112;

National Turkeys
Hens: 8-16 lbs 106.15
Toms: 16-24 lbs 108.52
 

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

----------------------------------------

HOW TO UNSUBSCRIBE

You are receiving this newsletter because you requested that your e-mail address be added to the Arkansas Farm Bureau Market Report.

To unsubscribe or change your subscription information, go to

http://www.arfb.com/ag-markets-statistics/email-signup/

----------------------------------------

QUESTIONS OR COMMENTS?

If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com