Grain & Soybean Date: July 19, 2007

Soybeans

Local Elevators:
(Jul) EAST AR:  749 to 799
(NC) Summ. 780 to 808
River Elevators:
(Jul) MISS: 765 to 803 ; AR & White 746 to 780
(NC) Summ. 771 to 812
Ark. Processor Bids: (Jul) 781 to 796  (NC) 800 to 808
Memphis:  (Jul) 767 to 775 (NC)  795 to 799
Riceland Foods:  (NC) Stuttgart 808 ; Pendleton 808 ; West Memphis 812

Chicago Futures: Aug up 4 3/4 at  856
  Nov  up  5 1/2  at  882
  Jan up 4 3/4  at  896 3/4
  Mar up 5 3/4  at  909
  Nov '08 up 10  at  911 1/2
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybean prices posted another day of modest gains. Traders appear to still be concerned with lack of rains across parts of the Corn Belt. While much of the Corn Belt received a welcomed shower, these dry areas continue to miss the much needed rains. In addition, the national weather service continues to forecast more dry hot weather for the near term, which is threatening these soybeans during a critical development stage. However, upside potential is likely limited as weather conditions appear favorable across much of the Corn Belt.

Wheat
Cash bid for July at Memphis  570 to 575;
Bids to farmers at Local Elevators 550-562;
River Elevators 544-578;

Chicago Futures: Sep down  3 1/2  at  620 
  Dec down 7 1/4  at  635 1/4 
  Mar down  9 1/2  at  637 1/2 
  Jul '08 down  at  566 1/2 
  Jul '09 down  at  563 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for new crop at Memphis  586 to 592;
Bids to farmers at River Elevators 493-564;
Today's Arkansas LDP rate for sorghum is:

Corn
Cash bid for July at Memphis   291 1/4 to 296 1/4;
  new crop at Memphis   281 1/4 to 291 1/4;
Bids to farmers at River Elevators  259 to 270

Chicago Futures: Sep down  5 3/4  at  321 1/4 
  Dec down  6 1/4  at  336 1/4 
  Mar down  5 3/4  at  351 3/4 
  Dec '08 down  1 1/2  at  390 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat futures turned lower after posting gains early. Weekly export sales were reported to be 28.3 million bushels, which is strong, especially considering prices are over $6. Contract highs charted on June 29 will be tough resistance.



Cotton & Rice  Date: July 19, 2007


Cotton
Spot Price, Grade 41 Staple 34: Memphis down 180 at  5790
  Greenwood down  180 at 5790

New York Futures: Oct down  180  at  6265 
  Dec down  190  at  6449 
 Mar down  181  at  6749 
 May down  165  at  6835 
 Dec '08 down  195  at  7140 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Hog futures turned lower, pressured by futures premium to cash and indications the market was overbought. Cash prices seem to have bottomed for now, and that limited losses.

Rice
Long Grain Cash Bid for  Aug/Sep/Oct/Nov 999/cwt  to  - - -
  - - - - - -  to  - - -

Chicago Futures: Sep up  26 1/2  at  1041 
 Nov up  26  at  1074 
 Jan up  22  at  1104 
 Mar up  19  at  1129 
 - - -   - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice prices made a technical jump today recovering most of the last week’s losses. Rice prices have been oversold from a technical standpoint for the last 2 weeks. Today traders decided to re-enter the market. There has been little or no change in the fundamentals, so expect the roller coaster ride to continue in the rice market.



Cattle & Hogs  Date: July 19, 2007

Cattle
As reported by Federal-State Market News, receipts were 1,419 head at sales in Ratcliff & Green Forest.  Compared with last week, feeder steers sold mostly $1-$5 higher, instances $5-$10 higher on lightweight steer calves .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 130 to 140
  550 to 550 lbs. 110 to 120
  600 to 700 lbs. 108 to 118
 Medium & Large Frame 2   400 to 450 lbs. 116 to 126

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 111 to 121
 Medium & Large Frame 2   400 to 450 lbs. 104 to 114

Slaughter Cows, Boners 45   to   51.50
Light Weight 37 to 44
Bulls, Yield Grade   1   1000   to   2100 lbs.   58   to   62, high dressing 63-68
Midwest Steers   were steady   at   88   to   - - -
Panhandle Steers   were steady   at   88   to   - - -

Oklahoma City Feeders
Steers n/a to - - - lbs. - - - to - - -
  n/a to - - - lbs. - - - to - - -
Heifers n/a to - - - lbs. - - - to v
  n/a to - - - lbs. - - - to - - -

Chicago Futures:
Live Cattle: Aug down 55 at 9082
  Dec down 62 at 9840
Feeders: Aug up 5 at 11545
  Oct steady at 11672

Cattle Comment
Cattle futures were mixed with live contracts lower and feeders a bit higher as traders evened positions ahead of tomorrow’s release of the monthly cattle on feed report. Slower beef demand is causing weakness, but is expected to pick up in August as retailers stock up for Labor Day.

Hogs
Peoria: were $1     higher   at   44.5   to   45

Chicago Futures: Aug down 25 at 7360
  Oct down 35 at 7240

Sheep
St. Paul sheep shorn slaughter lambs   at   n/a   to   - - -

Hogs Comment
Hog futures turned lower, pressured by futures premium to cash and indications the market was overbought. Cash prices seem to have bottomed for now, and that limited losses.



Poultry  Date: July 19, 2007

Eggs
New York:  Ex. Lg. 119-123; Lg. 117-121; Med. 92-96;
Chicago:  Ex. Lg. 107-115; Lg. 105-113; Med. 74-82;

Eastern Region Turkeys
Hens: 8-16 lbs. 86-89
Toms: 16-24 lbs. 86
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was mixed, but overall steady at best with caution reported. In production areas, live supplies were moderate. Weights were mixed, but mostly desirable. According to the National Agricultural Statistics Service (NASS) for the week ending 14-July-07, broiler egg sets were up 2%, and chick placements were up 3% when compared to a year ago. Based on the preliminary chick placements, the number of fryers availabe for marketing during the week ending 25-Aug-2007 was estimated at 165.2 million head compared to 166.1 million head a week earlier.