Click here to view this report online.

Arkansas Farm Bureau
Grain & Soybean Date: June 25, 2013

Soybeans

Local Elevators:
(June) EAST AR:  1535 to - - -
(NC) Summ. 1264 to 1294
River Elevators:
(June) MISS: 1560 to 1561 ; AR & White 1519 to 1520
(NC) Summ. 1252 to 1298
Ark. Processor Bids: (June) 1550 to - - -  (NC) 1274 to 1285
Memphis:  (June) 1539 1/4 to 1565 1/4 (NC)  1300 1/2 to 1303 1/2
Riceland Foods:  (June) Stuttgart 1504 ; Pendleton - - - 
 (NC) Stuttgart 1274 ; Pendleton 1294 

Chicago Futures: July up 13 1/4 at  1525 1/4
  Aug  up  at  1429 1/4
  Sept up 6 3/4  at  1323 1/2
  Nov up at  1278 1/2
  Jan up at  1281 3/4
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybean futures bucked the trend in Chicago and posted gains again today. Old crop contracts were the upside leader. Basis bids are improving on the Gulf, but exports could be hampered a rising Mississippi River that could impact barge traffic. November found resistance today at the small gap left on Friday between $12.81 ½ and $12.84. Support begins at Monday’s low of $12.56 ½.

Wheat
Cash bid for June at Memphis  665 3/4 to - - -;
Bids to farmers at Local Elevators 653-666;
River Elevators 636-677;

Chicago Futures: July down  3 1/4  at  675 3/4 
  Sept down 2 3/4  at  685 
  Dec down  2 1/2  at  699 1/2 
  March down  2 1/2  at  713 3/4 
  May down  2 1/2  at  722 3/4 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for June at Memphis  1101 to 1173;
Bids to farmers at River Elevators 1021-1057;
Today's Arkansas LDP rate for sorghum is:

Corn
Cash bid for June at Memphis   683 3/4 to 696 3/4;
  New Crop at Memphis   561 1/2 to 571 1/2;
Bids to farmers at River Elevators  664 to 695

Chicago Futures: July up  3 1/2  at  656 3/4 
  Sept down  2 1/2  at  576 1/2 
  Dec down  at  544 1/2 
  March down  at  555 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat prices continue toward contract lows today. Pressure from the good harvest and weak technical are holding prices low. Look for another bump in prices Friday if the acreage report is positive for corn. This should provide one of the best opportunities in the near term to merchandise what's left of this year’s crop.

Corn prices continued to slide today. Losses today were minimum as the market still anticipates a smaller acreage report. Traders are continuing to position themselves ahead of report which is causing volatility ahead Fridays report.



Cotton & Rice  Date: June 25, 2013


Cotton
Spot Price, Grade 41 Staple 34: Memphis up 193 at  8295
  Greenwood up  193 at 8295

New York Futures: July up  211  at  8509 
  Oct up  193  at  8595 
 Dec up  161  at  8479 
 March up  91  at  8341 
 May up  81  at  8286 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton prices bounced higher today. Losses over the last few days have moved the market into oversold area. Cotton prices will continue in nickel trading range for now. Fridays report has potential to break prices out of the top or bottom of the range.

Rice
Long Grain Cash Bid for  June - - -  to  - - -
  NC 14.93/cwt  to  - - -

Chicago Futures: July down  4 1/2  at  1557 
 Sept down  2 1/2  at  1563 
 Nov down  2 1/2  at  1590 
 Jan down  at  1613 
 March down  2 1/2  at  1614 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice traded in a narrow range today, well within Monday’s range, before closing lower. According to USDA, the crop is now caught up with previous years. The question now is, how many acres were actually seeded and were they too late to achieve top yield-potential? Futures look to have confirmed a top at the recent high of $16.47 ½.



Cattle & Hogs  Date: June 25, 2013

Cattle
As reported by Federal-State Market News, receipts were 713 head at sales in Ft. Smith & Heber Springs.  Compared with last week, feeder steers sold mostly weak to instances $5 lower .

Steers:
 Medium & Large Frame 1   300 to 350 lbs. 159.50 to - - -
  500 to 550 lbs. 146.00 to - - -
  750 to 800 lbs. 135.00 to - - -
 Medium & Large Frame 2   450 to 500 lbs. 143.50 to - - -

Heifers:
 Medium & Large Frame 1   450 to 500 lbs. 135.00 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 127.00 to - - -

Slaughter Cows, Boners 77.00   to   84.00
Light Weight 66.00 to 70.00
Bulls, Yield Grade   1   1000   to   2100 lbs.   98.50   to   107.50
Midwest Steers   were   at   - - -   to   - - -
Panhandle Steers   were   at   - - -   to   - - -

Oklahoma City Feeders
Steers 450 to 500 lbs. 174.00 to 180.00
  500 to 550 lbs. 160.00 to 173.00
Heifers 400 to 450 lbs. 142.00 to 154.50
  500 to 600 lbs. 136.00 to 144.00

Chicago Futures:
Live Cattle: June up 20 at 12115
  Aug down 5 at 12112
Feeders: Aug up 20 at 14787
  Sept down 2 at 15007

Cattle Comment
Cattle futures ended mixed with live cattle lower and feeders posting gains. August live cattle have broken out of the consolidation range that has held the market for the past month, but today charted a bearish key reversal which likely signals a new leg down. Cash markets are expected to weaken seasonally as holiday buying wraps up next week.

Hogs
Peoria: were $3 lower to $1     higher   at   65.00   to   67.00

Chicago Futures: July down 80 at 10015
  Aug down 32 at 9770

Hogs Comment
Hog futures were lower across the board. Weaker cash values this week and position evening ahead of the hogs and pigs report added to the negative undertone. The market is oversold on technical indicators and was due a correction. July traded within a fairly narrow range well within Monday’s wide range.



Poultry  Date: June 25, 2013

Eggs
New York:  Ex. Lg. 109-113; Lg. 107-111; Med. 94-97;
Chicago:  Ex. Lg. 96-1047; Lg. 94-102; Med. 82-90;

National Turkeys
Hens: 8-16 lb. 98.50
Toms: 16-24 lb. 96.50
 

Delmarva Broilers
U.S. Grade A
N/A

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

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