Grain & Soybean Date: December 21, 2012

Due to the Holiday's we will not have another report until December 26, 2012.

Soybeans

Local Elevators:
(Dec) EAST AR:  1403 to 1442
(NC) Summ. 1440 to - - -
River Elevators:
(Dec) MISS: 1460 to 1485 ; AR & White 1405 to 1450
(NC) Summ. 1427 to 1485
Ark. Processor Bids: (Dec) 1430 to 1450  (NC) 1450 to - - -
Memphis:  (Dec) 1485 3/4 to - - - (NC)  1300 1/2 to - - -
Riceland Foods:  (Dec) Stuttgart 1431 ; Pendleton 1443 
 (NC) Stuttgart 1276 ; Pendleton 1284 

Chicago Futures:	Jan	up	22	at	1430 3/4
	March	up	24 1/2	at	1429 1/4
	May	up	24	at	1418 3/4
	July	up	22 3/4	at	1413 1/4
	Aug	up	21	at	1384 1/2
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans made a good rebound despite negative outside markets. Funds have trimmed their positions, but the dollar decline appears to have brought some of them back into the market ahead of the weekend. Fiscal cliff concerns are growing with each day and the inability to arrive at a satisfactory solution. Technically, January soybeans still look vulnerable with the recent low of $13.78 the next support.

Wheat
Cash bid for December at Memphis  811 to 812;

Bids to farmers at Local Elevators	768-783;
River Elevators	765-788;

Chicago Futures:	March	up	1 1/2	at	792
	May	unchanged	- - -	at	802
	July	up	1	at	808 3/4
	Sept	up	2 1/4	at	820 3/4
	Dec	up	2 1/4	at	832 3/4
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for December at Memphis  1138 to 1164;

Bids to farmers at River Elevators	1002-1120;
Today's Arkansas LDP rate for sorghum is:	0¢

Corn

Cash bid for	December at Memphis   711 to 712;
	New Crop at Memphis   586 3/4 to 601 3/4;
Bids to farmers at River Elevators	702 to 725

Chicago Futures:	March	up	5 1/2	at	702
	May	up	5	at	704 3/4
	July	up	4 3/4	at	702
	Sept	up	4	at	626 3/4
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat was slightly higher as it traded in sympathy with corn and beans. Snow in the Plains and improving growing conditions are weighing on the market, along with negative outside markets. July dipped below $8 in Thursday before reversing. Further technical selling could push the market toward support around $7.80.

Corn rebounded with March futures moving back above $7. Yesterday was the first time the nearby contract had been below $7 since July. A positive in the market was a South Korean tender which left open the possibility of a U.S. sale. March could still move lower with the bottom of the breakaway gap at $6.83 a potential objective.

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Cotton & Rice  Date: December 21, 2012

Cotton

Spot Price, Grade 41 Staple 34:	Memphis up 35 at  7293
	Greenwood up  35 at 7293

New York Futures:	March	up	35	at	7618
	May	up	28	at	7676
	July	up	27	at	7731
	Oct	up	25	at	7814
	Dec	up	29	at	7852
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton closed a little higher and is maintaining a steady undertone amidst all the turbulence in the grain markets. Cotton has a “hard row to hoe” with big stocks and slow demand, two major stumbling blocks. World production could decline as much as 15%, but use is expected to increase less than 5%.

Rice

Long Grain Cash Bid for	Dec	1400/cwt	to	- - -
	NC	1460/cwt	to	- - -

Chicago Futures:	Jan	down	7	at	1520 1/2
	March	down	8	at	1550
	May	down	8	at	1581 1/2
	July	down	8	at	1600
	Sept	down	1/2	at	1560
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice lost early overnight momentum to close lower for the day. Look for more of this type action through the end of the y ear. Good mill activity is scheduled through January as demand continues fairly good.

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Cattle & Hogs  Date: December 21, 2012

Cattle
As reported by Federal-State Market News, receipts were 3945 head at sales in Arkansas this week.  Compared with last week, feeder steers sold mostly firm to $5 higher .

Steers:
Medium & Large Frame 1	400	to	450 lbs.	176.50	to	- - -
	500	to	550 lbs.	160.00	to	- - -
	600	to	650 lbs.	152.00	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	155.50	to	- - -
Heifers:
Medium & Large Frame 1	500	to	550 lbs.	141.50	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	140.50	to	- - -

Slaughter Cows, Boners 67.00   to   75.00
Light Weight 65.00 to 70.00
Bulls, Yield Grade   1   1000   to   2100 lbs.   86.00   to   95.00
Midwest Steers   were   at   126.00   to   - - -
Panhandle Steers   were   at   - - -   to   - - -

Oklahoma City Feeders
Steers	450	to	500 lbs.	167.00	to	186.50
	500	to	550 lbs.	153.00	to	174.00
Heifers	450	to	500 lbs.	147.00	to	160.00
	500	to	550 lbs.	138.00	to	157.00

Chicago Futures:

Live Cattle:	Dec	up	32	at	12927
	Feb	up	7	at	13357
Feeders:	Jan	down	12	at	15215
	March	down	7	at	15477

Cattle Comment
Cattle futures were narrowly mixed ahead of today’s cattle on feed report. Placements will have to be well above the trades top end estimate of 93.5% of last year to negatively impact the market. By the same token it will probably take a number below 89% to give it much of a boost.

Hogs
Peoria: - - -       at   - - -   to   - - -

Chicago Futures:	Feb	up	45	at	8690
	April	up	45	at	9162

Hogs Comment
Hog futures were a little higher with cash price levels generally flat. Fundamentally, plants are attempting to account for weather reduced operating time which means bigger numbers for Saturday.

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Poultry  Date: December 21, 2012

Eggs

New York:	Ex. Lg. 128-132; Lg. 126-130; Med. 109-113;
Chicago:	Ex. Lg. 126-134; Lg. 124-132; Med. 104-112;

National Turkeys

Hens:	8-16 lbs	99.50
Toms:	16-24 lbs	99.81

Delmarva Broilers
U.S. Grade A
Whole broiler/fryers prices are firm. Offerings of all sizes are seasonally light as plants cut back on kill schedules to accommodate limited needs. Demand into all channels is light to moderate, best where holiday events are active. Plant operations for next week are reduced for the upcoming holiday. Market activity is moderate to active. In production areas, live supplies are moderate at mostly desirable weights.