05/31/2007 Farm Bureau Market Report

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Grain & Soybean Date: May 31, 2007 Soybeans Local Elevators: (May) EAST AR:  746 to 773 (NC) Summ. 773 to 796 River Elevators: (May) MISS: 761 to 777 ; AR & White 752 to 772 (NC) Summ. 771 to 798 Ark. Processor Bids: (May) 767 to 772  (NC) 796 to 799 Memphis:  (May) 774 1/4 to 775 1/4 (NC)  787 1/4 to 798 1/4 Riceland Foods:  (NC) Stuttgart 772 ; Pendleton 773 ; West Memphis 777 Chicago Futures: Jul down 2 at  806 1/4   Aug  down  2 1/4  at  813 1/2   Nov down 3/4  at  836 1/4   Jan down 1 3/4  at  844   Nov '08 down 2  at  855 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment New crop soybean contracts eased to new highs in early trading. However, there was little followthrough and at day’s end the market closed lower. Farmers have been less reluctant to move soybeans to market than corn. Tight holding of corn has produced improved basis levels and helped catapult values higher the last two days. The freer movement of beans appears to have eased fund buying and could trigger another technical selloff. This week’s low of $8.23 will provide initial support. Wheat Cash bid for new crop at Memphis  482 to 483; Bids to farmers at Local Elevators 463-474; River Elevators 461-489; Chicago Futures: Jul up  6 1/4  at  517    Sep up 7 1/4  at  532    Dec up  7  at  543    Jul '08 up  14  at  526    Jul '09 up  7  at  530    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for new crop at Memphis  625 to - - -; Bids to farmers at River Elevators 604-668; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for May at Memphis   397 1/4 to 404 1/4;   New crop at Memphis   362 1/2 to 363 1/2; Bids to farmers at River Elevators  383 to 396 Chicago Futures: Jul up  8  at  390 1/4    Sep up  6 3/4  at  391 1/2    Dec '07 up  3 1/2  at  384 3/4    Dec '08 unchanged    at  398    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Nearby corn futures were the driving force behind strong gains today. Good demand for old crop corn and slow farmer selling pushed prices higher, and deferred corn contracts and wheat futures went along for the ride. Fund buying was also a factor. July is testing resistance at $3.96 ½. Wheat also posted solid gains, and the contract high of $5.30 is the next level of resistance for July. Cotton & Rice  Date: May 31, 2007 Cotton Spot Price, Grade 41 Staple 34: Memphis up 67 at  4705   Greenwood up  67 at 4705 New York Futures: Jul up  67  at  5105    Oct up  40  at  5460    Dec up  66  at  5666    Mar up  55  at  5940    Dec '08 up  52  at  6390  This week's LDP rate for cotton is  9.39   The estimate for next week is  7.86 cents Cotton Comment Cotton was on the offensive again today with good gains carrying December to the 62% retracement objective of 57 cents. Last week’s bull flag formation remains intact with an upside objective around 59 cents, or very near the late March high. Overall fundamentals remain somewhat negative, but recent buying by China is expected to continue. Huge end of year stocks remain a drag on the market, although small U.S. plantings and weather problems could help reduce the ’07 crop significantly. Rice Long Grain Cash Bid for  May 906/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jul down  1  at  1021    Sep down  1  at  1061    Nov down  1  at  1091    Jan unchanged    at  1160    Mar down  1  at  1143  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice was basically unchanged today as small early gains were lost by the end of the trading session. Fundamental news is lacking as there is little new business being generated. Mills continue to operate well below capacity and there doesn’t appear to be anything on the horizon to suggest a near term change. The international market is steady with high freight rates dominating the trade. Both Vietnam and Thailand are shipping against prior sales but fresh business is slow. The U.S. crop is progressing at a nice pace and will decline again as overall plantings are well below year ago levels. Technically, November has support at $10.80, upside potential appears limited for the near term. Cattle & Hogs  Date: May 31, 2007 Cattle As reported by Federal-State Market News, receipts were 3,171 head at sales in Charlotte, Ratcliff & Green Forest.  Compared with last week, feeder steers sold very unevenly, averaging near steady . Steers:  Medium & Large Frame 1   400 to 450 lbs. 120 to 130   500 to 550 lbs. 111 to 121   600 to 700 lbs. 107 to 117  Medium & Large Frame 2   400 to 450 lbs. 106 to 116 Heifers:  Medium & Large Frame 1   400 to 450 lbs. 110 to 120  Medium & Large Frame 2   400 to 450 lbs. 106 to 116 Slaughter Cows, Boners 45   to   52 Light Weight 35 to 42 Bulls, Yield Grade   1   1000   to   2100 lbs.   58   to   64.50, high dressing 65-70 Midwest Steers   were $1 lower to steady   at   92   to   93 Panhandle Steers   were $1 lower to steady   at   92   to   93 Oklahoma City Feeders Steers n/a to - - - lbs. - - - to - - -   n/a to - - - lbs. - - - to - - - Heifers n/a to - - - lbs. - - - to - - -   n/a to - - - lbs. - - - to - - - Chicago Futures: Live Cattle: Aug up 37 at 9147   Dec up 57 at 9595 Feeders: Aug up 107 at 11142   Oct up 127 at 11077 Cattle Comment Cattle futures posted gains again today on stronger beef prices and futures’ discount to cash. August has key support between $90-$91. Hogs Peoria: were $.5     lower   at   47   to   47.5 Chicago Futures: Aug up 15 at 7405   Oct up 42 at 6715 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs continued to climb higher, despite a somewhat negative fundamental situation. Weak cash markets and sharp declines in the composite pork cutout could limit the upside potential of the market. Poultry  Date: May 31, 2007 Eggs New York:  Ex. Lg. 84-88; Lg. 82-86; Med. 71-75; Chicago:  Ex. Lg. 80-88; Lg. 78-86; Med. 72-80; Eastern Region Turkeys Hens: 8-16 lbs. 77-79 Toms: 16-24 lbs. 77-79   Delmarva Broilers U.S. Grade A Trade sentiment was mixed, ranging steady to weak in the Midwest, steady in the East, and irreqular in the West. Supplies were at least adequate to satisfy trade needs. In production areas, live supplies were 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/commodity/daily_rpt_email.asp ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2007 Arkansas Farm Bureau, Inc. All rights reserved

05/30/2007 Farm Bureau Market Report

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Grain & Soybean Date: May 30, 2007 Soybeans Local Elevators: (May) EAST AR:  748 to 775 (NC) Summ. 774 to 797 River Elevators: (May) MISS: 763 to 779 ; AR & White 752 to 772 (NC) Summ. 774 to 799 Ark. Processor Bids: (May) 769 to 774  (NC) 797 to 800 Memphis:  (May) 776 1/4 to - - - (NC)  793 to 802 Riceland Foods:  (NC) Stuttgart 774 ; Pendleton 775 ; West Memphis 779 Chicago Futures: Jul up 10 3/4 at  808 1/4   Aug  up  10 1/2  at  815 3/4   Nov up 10 1/4  at  837   Jan up 10 1/4  at  845 3/4   Nov ' 08 up 7 1/4  at  857 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans bounced back after yesterday’s brief technically inspired decline. The market was due a correction with the relative strength index (RSI) indicating a very overbought situation. Soybeans led the reversal which saw corn and wheat make huge late gains. Weekly export inspections were viewed as negative as the grains and soybeans were all below expectations. November is back in position to retest resistance at $8.43 as we head toward the weekend. Wheat Cash bid for new crop at Memphis  475 3/4 to 477 3/4; Bids to farmers at Local Elevators 457-468; River Elevators 453-483; Chicago Futures: Jul up  19 3/4  at  510 3/4    Sep up 19 1/2  at  524 3/4    Dec up  19 1/2  at  536    Jul ' 08 up  14 1/2  at  512    Jul ' 09 up  17  at  523    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for new crop at Memphis  618 to - - -; Bids to farmers at River Elevators 589-654; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for May at Memphis   387 1/4 to 394 1/4;   New Crop at Memphis   355 3/4 to 356 3/4; Bids to farmers at River Elevators  375 to 388 Chicago Futures: Jul up  17 1/2  at  382 1/4    Sep up  17  at  384 3/4    Dec ' 07 up  13 3/4  at  381 1/4    Dec ' 08 up  9 1/2  at  398    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat regained all of yesterday’s losses and then some, mostly on ideas that yesterday’s losses were overdone. A small amount of deterioration in the winter wheat crop was reported by USDA in the weekly ratings. 57% of the crop is now rated good to excellent, compared to 59% last week. Production problems across Europe were supportive as well. Today’s move could bring the contract high of $5.30 back into play. Cotton & Rice  Date: May 30, 2007 Cotton Spot Price, Grade 41 Staple 34: Memphis up 35 at  4638   Greenwood up  35 at 4638 New York Futures: Jul up  35  at  5038    Oct up  50  at  5420    Dec up  55  at  5600    Mar up  58  at  5885    Dec ' 08 up  68  at  6338  This week's LDP rate for cotton is  9.39   The estimate for next week is  7.98 cents Cotton Comment Like grains, cotton retraced a good portion of yesterday’s decline. The up and down movement of the past two days left last week’s bull flag intact. Fundamentals don’t support much upside potential but the bull flag has an upside objective around 59 cents. This is just below the late March high. While official planting figures are unavailable it appears Arkansas will plant less than 900,000 acres. Unofficial numbers suggest the Central Zone of the Arkansas Boll Weevil Eradication program will be down over 30%. Southeast Arkansas will be down around 15%, while Northeast Arkansas will be down less than 10%. Drought conditions are impacting Georgia crop, while some Texas areas have more than ample moisture. Rice Long Grain Cash Bid for  May 907/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jul up  3  at  1022    Sep up  5  at  1062    Nov up  4  at  1092    Jan up  2  at  1116    Mar up  6  at  1144  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice firmed slightly as the overall trading range remained very narrow. Fundamental news is lacking as there is little new business being generated. Mills continue to operate well below capacity and there doesn’t appear to be anything on the horizon to suggest a near term change. The international market is steady with high freight rates dominating the trade. Both Vietnam and Thailand are shipping against prior sales but fresh business is slow. The U.S. crop is progressing at a nice pace and will decline again as overall plantings are well below year ago levels. Technically, November has support at $10.80, upside potential appears limited for the near term. Cattle & Hogs  Date: Cattle As reported by Federal-State Market News, receipts were 1,244 head at sales in Conway, Ola & Pocahontas.  Compared with last week, feeder steers sold unevenly, near steady . Steers:  Medium & Large Frame 1   400 to 450 lbs. 118 to 128   500 to 550 lbs. 112 to 122   600 to 700 lbs. 95 to 105  Medium & Large Frame 2   400 to 450 lbs. 106 to 116 Heifers:  Medium & Large Frame 1   400 to 450 lbs. 105 to 115  Medium & Large Frame 2   400 to 450 lbs. 95 to 105 Slaughter Cows, Boners 45   to   49 Light Weight 34 to 41 Bulls, Yield Grade   1   1000   to   2100 lbs.   58   to   64, high dressing 64.50-65 Midwest Steers   were 1-2.50 lower   at   93   to   - - - Panhandle Steers   were steady to 2 lower   at   93   to   - - - Oklahoma City Feeders Steers n/a to - - - lbs. - - - to - - -   n/a to - - - lbs. - - - to - - - Heifers n/a to - - - lbs. - - - to - - -   n/a to - - - lbs. - - - to - - - Chicago Futures: Live Cattle: Aug down 32 at 9110   Dec down 25 at 9537 Feeders: Aug down 120 at 11035   Oct down 87 at 10950 Cattle Comment Cattle futures were under pressure from sharp gains in corn and expectations for lower cash cattle prices. August has significant support between $90 and $91. Hogs Peoria: were     steady   at   47.5   to   48 Chicago Futures: Aug up 37 at 7390   Oct up 85 at 6672 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs followed through on yesterday’s bullish price action and closed higher. Stronger wholesale pork prices and improved packer margins were also supportive. Poultry  Date: May 30, 2007 Eggs New York:  Ex. Lg. 89-93; Lg. 87-91; Med. 78-82; Chicago:  Ex. Lg. 80-88; Lg. 78-86; Med. 72-80; Eastern Region Turkeys Hens: 8-16 lbs. 77-79 Toms: 16-24 lbs. 77-79   Delmarva Broilers U.S. Grade A Trade sentiment was steady in all areas. Supplies of all sizes were usually sufficient to handle trade needs. In production areas, live supplies were moderate at mixed, but mostly desirable weights. The Composite Weighted Average price for 05/28/07 was 82.89 compared to 82.87 a week earlier, and 64.06 a year ago. ---------------------------------------- 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/commodity/daily_rpt_email.asp ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2007 Arkansas Farm Bureau, Inc. All rights reserved

A Tribute to our Flag

 

A Tribute to our Flag.  Submitted by Bob Thompson, Retired Military Veteran, Panama City, Florida The Flag of the United States of America   If you're interested, Elvis is singing "America The Beautiful" on this tribute, so have your speakers on. If this doesn't give you chills, you should pack up and move on to another country. I Am the Flag of the Of America    I am the flag of the  United States of America.  My name is Old Glory.  I fly atop the world's tallest buildings.  I stand watch in America's halls of justice.  I fly majestically over institutions of learning.  I stand guard with power in the  world.  Look up and see me.   I stand for peace, honor, truth and  justice.  I stand for freedom. I am confident. I am arrogant. I am  proud. When I am flown with my fellow banners, My head is a little  higher, My colors a little truer. I bow to no one! I am recognized  all over the world. I am worshipped - I am saluted. I am loved - I am  revered. I am respected - and I am feared. I have fought in every battle of every war for more then 200 years. I was flown at Valley Forge, Gettysburg, Shiloh and Appomattox. I was there at San Juan Hill, the trenches of France, in the Argonne Forest, Anzio, Rome and the beaches of  Normandy. Guam, Okinawa, Korea and KheSan, Saigon, Vietnam know me. I'm presently in the mountains of Afganistan and the hot and dusty deserts of Iraq and wherever freedom is needed. I led my troops, I was dirty, battleworn and tired, But my soldiers  cheered me and I was proud. I have been burned, torn and trampled on the  streets of countries I have helped set free. It does not hurt for I am  invincible. I have been soiled upon, burned, torn and trampled in the streets of my country. And when it's done by those Whom I've served in battle - it  hurts. But I shall overcome - for I am strong. I have slipped the  bonds of Earth and stood watch over the uncharted frontiers of space from my vantage point on the moon. I have borne silent witness to all of America's finest hours.  But my finest hours are yet to come.  When I am torn  into strips and used as bandages for my wounded comrades on the  battlefield, When I am flown at half-mast to honor my soldier, Or when I  lie in the trembling arms of a grieving parent at the grave of their fallen son or daughter,   I am proud.

A Tribute to our Flag. Submitted by Bob Thompson, Retired Military Veteran, Panama City, Florida
The Flag of the United States of America


If you're interested, Elvis is singing "America The Beautiful" on this tribute, so have your speakers on.

If this doesn't give you chills, you should pack up and move on to another country.



I Am the Flag of the



Of America

I am the flag of the United States of America.
My name is Old Glory.
I fly atop the world's tallest buildings.
I stand watch in America's halls of justice.
I fly majestically over institutions of learning.
I stand guard with power in the world.
Look up and see me.

I stand for peace, honor, truth and justice.
I stand for freedom.
I am confident.
I am arrogant.
I am proud.
When I am flown with my fellow banners,
My head is a little higher,
My colors a little truer.
I bow to no one!
I am recognized all over the world.
I am worshipped - I am saluted.
I am loved - I am revered.
I am respected - and I am feared.
I have fought in every battle of every war for more then 200 years. I was flown at Valley Forge, Gettysburg, Shiloh and Appomattox.
I was there at San Juan Hill, the trenches of France,
in the Argonne Forest, Anzio, Rome and the beaches of Normandy.
Guam, Okinawa, Korea and KheSan, Saigon, Vietnam know me.
I'm presently in the mountains of Afganistan and the hot and dusty deserts of Iraq and wherever freedom is needed.
I led my troops, I was dirty, battleworn and tired,
But my soldiers cheered me and I was proud.
I have been burned, torn and trampled on the streets of countries I have helped set free.
It does not hurt for I am invincible.
I have been soiled upon, burned, torn and trampled in the streets of my country.
And when it's done by those Whom I've served in battle - it hurts.
But I shall overcome - for I am strong.
I have slipped the bonds of Earth and stood watch over the uncharted frontiers of space from my vantage point on the moon.
I have borne silent witness to all of America's finest hours.
But my finest hours are yet to come.
When I am torn into strips and used as bandages for my wounded comrades on the battlefield,
When I am flown at half-mast to honor my soldier,
Or when I lie in the trembling arms of a grieving parent
at the grave of their fallen son or daughter,

I am proud.

FWD: Morning Manna (May 30); BP: Lk. 18:9-14; RBTTY: Jn. 11:30-57; II Chron. 10-12

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: "Apostle Tom" <pressingon@hotmail.com>
Sent: Tue, 29 May 2007 14:33:18 -0500
To: pressingon@hotmail.com
Subject: Morning Manna (May 30); BP: Lk. 18:9-14; RBTTY: Jn. 11:30-57; II Chron. 10-12
 
 
May 30 “The Cry for Mercy”  
 
“And the publican, standing afar off, would not lift up so much as his eyes  
unto Heaven, but smote upon his breast, saying, ‘God, be merciful to me a  
sinner’.”  
Luke 18:13  
Before we can rise upward, we must fall downward.  
Mercy.  
In some ways it’s the twin of Grace, which is our getting what we don’t  
deserve. But, Mercy is different—for it’s not getting what we deserve.  
Somehow we think we deserve a lot, i.e., that God’s blessings are our  
inalienable right because of our nationality. . . color. . .educational  
attainments. . .financial assets. . .religious beliefs, etc.  
 
But, in reality, dear Pilgrim, we don’t deserve anything.  
Except death and hell.  
 
The lowly tax collector in today’s Manna knew that. He knew the hatred  
and scorn that his being a sell-out to the Romans engendered from his fellow  
Jews. He knew the guilt that came from charging more taxes than what was  
owed—just because he could under Roman practice.  
 
Yes, like Zacchaeus, he knew all that.  
But, perhaps that’s why he’d finally reached this place of spiritual  
desperation. A guilty conscience doesn’t make for a good bedfellow. And,  
bags full of gold are little comfort when your heart’s dearth of love, joy,  
peace, etc.  
 
His actions weren’t “staged” that day when he cried out “God, be  
merciful to me a sinner.” They sprang from his having lived too long at  
“Wits’ End Corner” (Ps. 107:27) and knowing he was far, far away from the  
living God of Abraham.  
 
Although his story is couched in Jesus’ parable, let us not think he  
was a figment of Jesus’ imagination. No, no doubt, Jesus’ “earthly story  
with a Heavenly meaning” really happened and our Lord was simply recounting  
what He’d observed one day.  
 
We should notice the primary ones He was talking to in this parable  
were those who “trusted in themselves that they were righteous and despised  
others” (v.9). Should we be surprised that the one who’d later be abased  
was the Pharisee, not the publican (v.14)?  
 
No, we shouldn’t be surprised—for the Lord has a way of whittling us  
down to size when we’re fuller of self than we are of Him. As someone once  
said, “It’s hard to fill a vessel that’s already full.” And, the same is  
true with us when we feel no need of humbling ourselves before the One with  
Whom we have to do.  
 
Mercy. God-given mercy. Undeserved mercy.  
That’s what we need. And, we’ll know we’re in a position to receive it  
when we, like the publican, “would not lift up so much as our eyes unto  
Heaven, but smite our breast instead, crying, ‘God, be merciful to me a  
sinner’.”  
 
_________________________________________________________________  
Like the way Microsoft Office Outlook works? You’ll love Windows Live  
Hotmail.  
http://imagine-windowslive.com/hotmail/?locale=en-us&ocid=TXT_TAGHM_migration_HM_mini_outlook_0507  
 
 
 

5/29/2007 FB Market Report

ARKANSAS FARM BUREAU ELECTRONIC NEWSLETTER
Daily Arkansas Market Report for 5/29/2007
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Grain & Soybean Date: May 29, 2007

In our efforts to serve you better, Arkansas Farm Bureau will be upgrading our Daily Market Report system. The new system will go on-line tomorrow, May 30, 2007 and your e-mail will reflect this change.

Soybeans

Local Elevators:
(May) EAST AR: 738 to 765
(NC) Summ. 768 to 791
River Elevators
(May) MISS: 753 to 769 ; AR & White 741 to 761
(NC) Summ. 764 to 791
Ark. Processor Bids: (May) 759 to 764 (NC) 790 to 791
Memphis: (May) 765 1/2 to 767 1/2 (NC) 780 3/4 to 791 3/4
Riceland Foods: (NC) Stuttgart 764 ; Pendleton 765 ; West Memphis 769
Chicago Futures: Jul down 15 at 797 1/2
Aug down 14 1/4 at 805 1/4
Nov down 14 3/4 at 826 3/4
Jan down 14 1/4 at 835 1/2
Nov '08 down 10 3/4 at 850 1/4
Today's Arkansas LDP rate for soybeans is 0¢

Wheat
Cash bid for new crop at Memphis 458 to 460;
Bids to farmers at Local Elevators 437-448;
River Elevators 435-463;

Chicago Futures: Jul down 10 at 491
Sep down 9 1/2 at 505 1/4
Dec down 8 1/2 at 516 1/2
Jul '08 down 4 1/2 at 497 1/2
Jul '09 down 4 at 506
Today's Arkansas LDP rate for wheat is 0¢

Grain Sorghum
Cash bid for new crop at Memphis 594 to - - -;
Bids to farmers at
River Elevators 559-623;
Today's Arkansas LDP rate for sorghum is 0¢

Corn
Cash bid for May at Memphis 369 3/4 to 376 3/4;
New crop at Memphis 338 3/4 to 339 3/4;
Bids to farmers at River Elevators 354 to 367

Chicago Futures: Jul down 11 1/4 at 364 3/4
Sep down 9 1/2 at 367 3/4
Dec down 7 1/2 at 367 1/2
Dec '08 down 5 3/4 at 388 1/2
Today's Arkansas LDP rate for corn is 0¢

Grain Comment
November soybeans posted sharp losses, mostly on technical factors. The RSI is above 70%, signaling that the market is overbought and due a correction. Strong demand for U.S. soybeans and soy products is keeping the market in a positive mode despite the percent of huge stocks. Also a positive is the smaller planted acreage, which will help the market work through the record-setting carryout.

Wheat charted double-digit losses following soybeans and corn. Traders are beginning to think that recent losses in anticipation of big yields in the Plains were overdone. Production problems across Europe were supportive as well. Friday's high of $5.02 now becomes the first level of resistance for July.

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

Cotton & Rice Date: May 29, 2007

Cotton
Spot Price, Grade 41 Staple 34: Memphis down 111 at 4603
Greenwood down 111 at 4603

New York Futures: Jul down 111 at 5003
Oct down 80 at 5370
Dec down 75 at 5545
Mar down 73 at 5827
Dec '08 down 40 at 6270
This week's LDP rate for cotton is 9.39 cents.
The estimate for next week is 7.99 cents.

Cotton Comment
Cotton futures ended lower, with December finding support at the bottom of Friday's gap. December has confirmed a bull flag formation, suggesting an upside objective around 59.15 cents, or just below the late March high. Old crop July could test the next layer of resistance around 52.25 cents. While the technical picture is taking a positive tone, fundamentals remain somewhat negative, with big ending U.S. stocks anticipated.

Rice
Long Grain Cash Bid for May 904/cwt to - - -
- - - - - - to - - -

Chicago Futures: Jul down 2 at 1019
Sep unchanged at 1057
Nov up 1 at 1088
Jan up 3 at 1114
Today's Arkansas LDP rate for long grain rice is is 0¢ cents
medium grain rice is 0¢ cents

Rice Comment
Rice futures traded in a narrow range again today. Overall trading is in a short term downtrend with support starting just below $10.80 for November. There is little fresh fundamental news either here in the U.S. or internationally to give the market real direction. International trade is slow with both Thailand and Vietnam expected to garner portions of a tender from the Philippines. Thai prices continue to be supported by a strong currency and the government intervention program. Here in the U.S. 71% of the crop is rated good to excellent. This compares with just 57% a year ago.
--------------------------------------------------------------------------

Cattle & Hogs Date: May 29, 2007

Cattle
As reported by Federal-State Market News, receipts were 3,744 head at sales in Ash Flat, Springdale & Marshall.
Compared with last week, feeder steers sold unevenly, near steady.

Steers:
Medium & Large Frame 1 400 to 450 lbs. 123 to 133
500 to 550 lbs. 114 to 124
600 to 650 lbs. 105 to 115
to lbs. to
Medium & Large Frame 2 400 to 450 lbs. 118 to 128

Heifers:
Medium & Large Frame 1 400 to 450 lbs. 107 to 117
Medium & Large Frame 2 400 to 450 lbs. 106 to 116

Slaughter Cows, Boners 46 to 51
Light Weight 34 to 38

Bulls, Yield Grade 1 1000 to 2100 lbs. 61 to 67, high dressing 67-73
Midwest Steers were quoted at 94 to 95.50
Panhandle Steers were $1 lower to $1 higher at 93 to 95
Oklahoma City Feeders Steers n/a to - - - lbs. - - - to - - -
n/a to - - - lbs. - - - to - - -
Heifers n/a to - - - lbs. - - - to - - -
n/a to - - - lbs. - - - to - - -

Chicago Futures:
Live Cattle: Aug up 27 at 9142
Dec up 25 at 9562
Feeders: Aug up 60 at 11155
Oct up 32 at 11037

Hogs
Peoria: were unchanged at 47.5 to 48
Chicago Futures: Aug up 65 at 7352
Oct up 35 at 6587

Sheep
St. Paul Sheep shorn slaughter lambs choice end prime 110-125 lbs. were at n/a to - - -

Livestock Comment
Cattle futures got a boost today from lower corn prices and futures' discount to cash. Expectations for decreased demand for beef following the Memorial Day holiday limited gains. The next level of support for June is just below $89.

Hogs were also higher today, with most contracts charting bullish reversals, suggesting further gains are likely. Weakness in cash prices could limit the upside.

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Poultry Date: May 29, 2007

Eggs
New York: Ex. Lg. 91-95; Lg. 89-93; Med. 82-86;
Chicago: Ex. Lg. 80-88; Lg. 78-86; Med. 72-80;

Eastern Region Turkeys
Hens: 8-16 lbs. 77-79
Toms: 16-24 lbs. 77-79

Delmarva Broilers
U.S. Grade A
Majority prices in all areas were unchanged when compared to previous week. Trade sentiment was steady. In production areas, live supplies were moderate at mostly desirable weights.

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FWD: Morning Manna (May 28); BP: II Cor. 6:1-10; RBTTY: Jn. 10:24-42; II Chron. 4-6

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: "Apostle Tom" <pressingon@hotmail.com>
Sent: Sun, 27 May 2007 15:45:50 -0500
To: pressingon@hotmail.com
Subject: Morning Manna (May 28); BP: II Cor. 6:1-10; RBTTY: Jn. 10:24-42; II Chron. 4-6
 
 
May 28 “Now’s the Time”  
 
“. . .behold, now is the accepted time; behold, now is the day of  
salvation.”  
II Corinthians 6:2b  
If there’s something you need to do, do it now.  
Very few folks like “loose ends” or that feeling of not having  
everything under control. Although there’ll always be items left on our “to  
do list,” none of them should be eternal in nature; otherwise, we’ll always  
have regrets while musing about “what might have been.”  
 
Now, this doesn’t mean we’re to live a frantic life, afraid of not  
doing everything we “ought” to do; however, it does mean we shouldn’t, as  
someone said, “Sacrifice the important on the altar of the urgent.” So  
true, so true.  
 
Dear Pilgrim, there’s nothing more important in life than the things of  
God. When He speaks, we should listen. And, where He sends, we should go;  
yet, so many folks place Him far down on their list of priorities—and then  
they wonder why everything’s falling apart.  
 
Jesus meant what He said when He said “Seek first the Kingdom of God  
and His righteousness—and all these things shall be added unto you” (Mt.  
6:33). He didn’t mean when we “get around to it” or when we feel like it;  
neither did He mean for us to place His will wherever we felt like it on our  
list of priorities.  
 
When He said, “Seek FIRST the Kingdom of God and His righteousness,” He  
meant just that: First! Not second or third or fourth, etc. First!  
Numero Uno! At the top of the list. The “cream of the crop.” Our  
Magnificent Obsession!  
 
The same is true with today’s Manna. Paul’s inspired words should be  
both heard and heeded: “NOW is the accepted (Grk. ‘dektos’—‘approved,  
propitious, favorable, etc.’) time; behold, NOW is the day of salvation.”  
Not tomorrow or the next day. . .next week . . .or next month. . .or next  
year. He meant “Now!”  
 
We know the Scriptures teach us to not “boast ourselves of tomorrow—for  
none of us knows what a day will bring forth” (Prov. 27:1). Likewise, we  
know our “lives are as a vapor that appears for a little while and then  
vanishes away” (James 4:14).  
 
“Now” is God’s “anointed adverb” that demands a decision from each one  
of us. Hesitation or procrastination are unacceptable—especially when it  
comes to eternal matters—for, as someone once said, “Good intentions pave  
the road to hell.”  
 
Therefore, like Jesus in the Temple that day as a young boy, so should  
we “be about the Father’s business” (Lk. 2:49). We should never  
compartmentalize our lives into “secular” and “sacred;” instead, we should  
view all of life as a “sacred trust” and everywhere we go as “Holy Ground.”  
May the Holy Spirit help us to live each moment in the “Now,” lest later on  
we look back on our lives and say “I have no pleasure in them” (Eccl. 12:1).  
 
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