Grain & Soybean Date: February 14, 2013

Soybeans

Local Elevators:
(Feb) EAST AR:  1401 to 1438
(NC) Summ. 1235 to 1265
River Elevators:
(Feb) MISS: 1438 to 1458 ; AR & White 1395 to 1403
(NC) Summ. 1241 to 1290
Ark. Processor Bids: (Feb) 1428 to 1448  (NC) 1255 to 1260
Memphis:  (Feb) 1458 to - - - (NC)  1289 3/4 to - - -
Riceland Foods:  (Feb) Stuttgart - - - ; Pendleton - - - 
 (NC) Stuttgart - - - ; Pendleton - - - 

Chicago Futures:	March	down	5	at	1418
	May	down	5	at	1408 1/2
	July	down	5 1/2	at	1399 1/4
	Aug	down	6 1/4	at	1363 1/4
	Sept	down	7 1/2	at	1302 3/4
	Today's Arkansas LDP rate for soybeans is:				0¢

Soybean Comment
Soybeans continued the recent decline pressured by good crop prospects in South America. Potential for increased U. S. plantings added to the negative undertone.

Wheat
Cash bid for February at Memphis  772 to - - -;

Bids to farmers at Local Elevators	704-714;
River Elevators	700-739;

Chicago Futures:	March	down	3 1/2	at	732
	May	down	3 1/4	at	740 1/4
	July	down	2	at	743 3/4
	Sept	down	2	at	753 1/2
	Dec	down	2	at	767
	Today's Arkansas LDP rate for wheat is:				0¢

Grain Sorghum
Cash bid for February at Memphis  1187 to - - -;

Bids to farmers at River Elevators	1062-1187;
Today's Arkansas LDP rate for sorghum is:	0¢

Corn

Cash bid for	February at Memphis   721 3/4 to 722 3/4;
	New Crop at Memphis   553 to 563;
Bids to farmers at River Elevators	684 to 720

Chicago Futures:	March	down	3/4	at	694 3/4
	May	down	3/4	at	692 3/4
	July	down	1	at	682 1/4
	Sept	unchanged	- - -	at	583
	Today's Arkansas LDP rate for corn is:				0¢

Grain Comment
Wheat futures are attempting to stabilize today in reaction to stronger than expected export sales. U.S. wheat is very competitive on the global market at these price levels. July is trying to establish support near $7.30.

Corn was slightly lower, marking the 11th straight day that corn has declined. Good crops in Brazil and weak demand for U S corn have added to technical selling that has carried the market below key support.

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Cotton & Rice  Date: February 14, 2013

Cotton

Spot Price, Grade 41 Staple 34:	Memphis up 122 at  7779
	Greenwood up  122 at 7779

New York Futures:	March	up	20	at	8102
	May	up	58	at	8279
	July	up	51	at	8371
	Oct	up	39	at	8365
	Dec	up	23	at	8300
This week's LDP rate for cotton is					0 cents
	The estimate for next week is				0 cents

Cotton Comment
Cotton firmed after several days of declines. Support comes from projected U S plantings of just over 9 million acres. Resistance is located at 84 cents for both March & December futures.

Rice

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

Chicago Futures:	March	down	13 1/2	at	1572
	May	down	14	at	1601 1/2
	July	down	14	at	1630 1/2
	Sept	down	11 1/2	at	1551 1/2
	Nov	down	6 1/2	at	1541 1/2
Today's Arkansas LDP rate for long grain rice is					0¢
medium grain rice is					0¢

Rice Comment
Rice was lower as the market continues to bounce back and forth on a daily basis. Demand remains firm with shipments continuing to move steadily. The recent March high of $16.33 is now resistance.

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Cattle & Hogs  Date: February 14, 2013

Cattle
As reported by Federal-State Market News, receipts were 210 head at sales in Green Forest.  Compared with last week, feeder steers sold mostly $7 to $12 lower on a lightl test .

Steers:
Medium & Large Frame 1	400	to	450 lbs.	185.00	to	- - -
	500	to	550 lbs.	- - -	to	- - -
	600	to	650 lbs.	- - -	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	156.00	to	- - -
Heifers:
Medium & Large Frame 1	500	to	550 lbs.	143.00	to	- - -
Medium & Large Frame 2	400	to	450 lbs.	154.50	to	- - -

Slaughter Cows, Boners 76.00   to   81.50
Light Weight 65.00 to 69.00
Bulls, Yield Grade   1-2   1000   to   2100 lbs.   90.00   to   95.00
Midwest Steers   were   at   123.00   to   - - -
Panhandle Steers   were   at   123.00   to   - - -

Oklahoma City Feeders
Steers	450	to	500 lbs.	181.00	to	194.00
	500	to	550 lbs.	171.00	to	180.00
Heifers	450	to	500 lbs.	154.00	to	161.00
	500	to	550 lbs.	151.00	to	155.50

Chicago Futures:

Live Cattle:	Feb	up	40	at	12590
	Apr	up	37	at	12977
Feeders:	March	up	132	at	14267
	April	up	127	at	14622

Cattle Comment
Cattle futures were mixed at midday after opening with huge losses. April moved to a new 7 ½ month low this morning, and could see another leg down if that low of $123.47 doesn’t hold. Concerns about demand and weak packer margins are adding pressure.

Hogs
Peoria: were     steady   at   54.00   to   56.00

Chicago Futures:	Feb	up	20	at	8767
	April	down	147	at	8432

Hogs Comment
Hog futures were posting big losses at midday, with the exception of expiring February. The market is focused on negative packer margins and further declines in product values. The market is oversold, however, so a bounce could come at any time.

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Poultry  Date: February 14, 2013

Eggs

New York:	Ex. Lg. 109-113; Lg. 107-111; Med. 92-96;
Chicago:	Ex. Lg. 116-124; Lg. 114-122; Med. 84-92;

National Turkeys

Hens:	8-16 lbs	95.00
Toms:	16-24 lbs	95.00

Delmarva Broilers
U.S. Grade A
N/A