Friday, November 30, 2007

FWD: Morning Manna (Dec. 1); BP: I Thess. 3:11-13; RBTTY: II Pet. 3; Ez.

 
Samuel D. High
sdhigh@aristotle.net

 



-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Fri, 30 Nov 2007 19:54:41 -0600
To: <pressingon@hotmail.com>
Subject: Morning Manna (Dec. 1); BP: I Thess. 3:11-13; RBTTY: II Pet. 3; Ez.
 

December 1                                                                                         “On Increasing and Abounding”

 

“And the Lord make you to increase and abound in love one toward another and toward all men, even as we do toward you.”  

                                                                                                                                    I Thessalonians 3:12

Increasing and abounding in love

Is how we’re told to live;

It matters not whether in word or deed,

We’re taught to love and forgive.

 

In reality the litmus test of life

In all we say and do

Is how we show the Father’s love

To you and you and you.

 

It’s easy to think that serving God

Is limited to offerings and praise;

However, the truest proof of our love for Christ

Is how we treat others each day.

 

Am I partial in my loving

And limit it to a certain few?

Or like God, am I no respecter of persons

In the things I say and do?

 

Until I can honestly say

That I love all others the same,

It’s impossible for me to say Christ’s love lives in me

Though I profess to be called by His Name.

 

It’s only when His love and acceptance

To all others is given so free

That I can say His love is alive and abounding,

And at work in every part of me.

 

Yes, until His love is so freely given

To others, both great and small—

Red, yellow, black and white—

I can’t say I’ve known Him or His love at all.

 

So, help me this day, dear Lord, I pray

To love others as You have loved me—

For only then will your love increase and abound

And be obvious for all to see.

                                                                                    --Tom Smith

11/30/2007 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: November 30, 2007

Soybeans

Local Elevators:
(Nov) EAST AR:  1038 to 1066
(NC) Summ. 1054 to - - -
River Elevators:
(Nov) MISS: 1055 to 1071 ; AR & White 1043 to 1051
(Nov) Summ. 1055 to 1079
Ark. Processor Bids: (Nov) 1055 to 1056  (NC) 1079 to 1081
Memphis:  (Nov) 1086 to 1087 (NC)  970 3/4 to 971 3/4
Riceland Foods:  (Nov) Stuttgart 1056 ; Pendleton 1066 ; West Memphis 1070

Chicago Futures: Jan down 21 at  1077
  Mar  down  20  at  1095
  May down 18 1/4  at  1104
  Nov '08 down 11 1/4  at  1010 3/4
  Nov '09 down at  956
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
January soybeans worked back toward trendline support as they ended lower today. That support starts around $10.65. A move below that level would suggest topping action. Sharp losses in crude oil have contributed to the decline which started after the market moved above $11 and made 34 year highs. As tempting as it is to suggest the market may want to move to that 10973 high above $13, reality indicates the market has never spent much time above $11.

Wheat
Cash bid for new crop at Memphis  687 to 692;

Bids to farmers at Local Elevators 667-682;
River Elevators 674-682;

Chicago Futures: Dec down  at  867 
  Mar down 5 1/4  at  883 
  May down  at  879 
  Jul '08 up  13 1/2  at  760 
  Jul '09 up  at  732 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for November at Memphis  719 to 812;

Bids to farmers at River Elevators 605-668;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for November at Memphis   388 1/2 to 394 1/2;
  new crop at Memphis   401 1/2 to - - -;
Bids to farmers at River Elevators  368 to 380

Chicago Futures: Dec up  at  384 1/2 
  Mar up  3/4  at  401 1/2 
  May up  1 1/2  at  413 
  Dec '08 up  1/4  at  430 1/2 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Old crop wheat futures ended lower but new crop July set a new contract high for the third day in a row. News that Argentina had suspended exports for 5 days to assess the damage from recent freezing weather is still supporting the market. The market is hyper-reactive to news like this because world stocks are so tight. Dry weather in the U.S. southern Plains is also supportive. The USDA now says that only 44% of the winter crop is in the good to excellent category.



Cotton & Rice  Date: November 30, 2007


Cotton

Spot Price, Grade 41 Staple 34: Memphis down 158 at  5746
  Greenwood down  158 at 5746

New York Futures: Dec down  119  at  5820 
  Mar down  158  at  6346 
 May down  152  at  6518 
 Jul down  131  at  6699 
 Dec down  157  at  7118 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton was hit by another round of selling as the market failed to followthrough on a mid week rebound. It appears the next supply demand report may have to account for an even larger Texas crop which would mean projected stocks would also rise. China remains the major importer and they may wait for the market to move lower. March futures broke trendline support just under 65 cents and may be headed to the next support around 61 cents. Further weakness would suggest bigger declines in ’08 plantings. Many are pointing to 10 million acres or lower in ’08.

Rice

Long Grain Cash Bid for  Nov/Dec 1142/cwt  to  - - -
  - - - - - -  to  - - -

Chicago Futures: Jan down  11  at  1286 
 Mar down  at  1323 
 May unchanged    at  1358 
 Sep down  at  1330 
 - - - down  - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice continues to trim recent gains with January dropping almost 50 cents this week. Thai farmers are not bothering with using the government intervention program since the market is so strong. Thailand has authorized the purchase of up to 9 mmt but that appears to be unnecessary considering the firm market undertone at the same time bans remain in place in India and Vietnam. U.S. exports, both milled and rough, continue at a good pace. January futures have downside retracement objectives of $12.78 and $12.61.



Cattle & Hogs  Date: November 30, 2007

Cattle
As reported by Federal-State Market News, receipts were 10,560 head at sales in Arkansas this week.  Compared with last week, feeder steers under 500 lbs. sold $3-5 higher, heavier weights sold firm to $3 higher .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 120 to 130
  500 to 550 lbs. 111 to 121
  600 to 700 lbs. 96 to 106
 Medium & Large Frame 2   400 to 450 lbs. 104 to 114

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 102 to 112
 Medium & Large Frame 2   400 to 450 lbs. 97 to 107

Slaughter Cows, Boners 41   to   46
Light Weight 28 to 36
Bulls, Yield Grade   1   1000   to   2100 lbs.   52   to   57, high dressing 58-62
Midwest Steers   n/a   at   - - -   to   - - -
Panhandle Steers   n/a   at   - - -   to   - - -

Oklahoma City Feeders
Steers 500 to 550 lbs. 115 to 132.50
  600 to 650 lbs. 107 to 117.50
Heifers 500 to 550 lbs. 99 to 113
  600 to 650 lbs. 91 to 108

Chicago Futures:
Live Cattle: Feb down 87 at 9577
  Jun down 37 at 9302
Feeders: Jan down 137 at 10770
  Mar down 130 at 10830

Cattle Comment
Cattle futures were lower again today. Futures’ premium to cash prices and fund selling were limiting factors. Concerns about demand are outweighing the relatively tight supply situation. February futures have support around $95.40-$95.45.

Hogs
Peoria: were     steady   at   29.5   to   30

Chicago Futures: Feb down 55 at 6230
  Jun up 25 at 7647

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

Hogs Comment
Hog futures ended mixed. Futures' premium to cash is limiting the upside. February seems to be building resistance just below $64.



Poultry  Date: November 30, 2007

Eggs

New York:  Ex. Lg. 159-163; Lg. 157-161; Med. 144-148;
Chicago:  Ex. Lg. 151-159; Lg. 149-152; Med. 134-142;

Eastern Region Turkeys
Hens: 8-16 lbs. 88-92
Toms: 16-24 lbs. 88-92
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was steady in the West, but weak in the Midwest and Eastern region as majority prices in the major terminal markets trend unchanged to lower. Supplies of all sizes were usually sufficient to satisfy trade needs. In production areas, live supplies were moderate at mixed, but mostly desirable weights.

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501-224-4400

Copyright 2007
Arkansas Farm Bureau, Inc.
All rights reserved
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Thursday, November 29, 2007

11/29/2007 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: November 29, 2007

Soybeans

Local Elevators:
(Nov) EAST AR:  1056 to 1084
(NC) Summ. 1072 to - - -
River Elevators:
(Nov) MISS: 1061 to 1089 ; AR & White 1061 to 1074
(NC) Summ. 1073 to 1097
Ark. Processor Bids: (Nov) 1073 to 1074  (NC) 1097 to 1099
Memphis:  (Nov) 1098 to 1102 (NC)  982 to 983
Riceland Foods:  (NC) Stuttgart 1074 ; Pendleton 1084 ; West Memphis 1088

Chicago Futures: Jan up 1 3/4 at  1098 1/2
  Mar  up  at  1115 1/2
  May up 2 3/4  at  1122 1/2
  Nov '08 up 6 1/2  at  1021
  Nov '09 up at  965
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans were a bit higher following higher crude oil prices, but the reaction was limited because the cause was a pipeline explosion--a temporary situation. A strong export report was also a plus today. Soy oil prices look toppy and demand has diminished thanks to high prices. Biodiesel production is not profitable at current price levels. Producers need to keep in mind current price levels are well above the USDA projected average. There is probably more downside risk than upside potential at this stage of the game. Futures are at 34 year highs, meaning the $13 plus in 1973 is the only thing on the charts that is higher than current price levels.

Wheat
Cash bid for new crop at Memphis  671 1/2 to 672 1/2;

Bids to farmers at Local Elevators 652-667;
River Elevators 652-672;

Chicago Futures: Dec up  10  at  869 
  Mar up 6 1/2  at  888 1/4 
  May up  10 1/2  at  882 
  Jul '08 up  18 1/2  at  746 1/2 
  Jul '09 up  15  at  724 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for November at Memphis  717 to 810;

Bids to farmers at River Elevators 604-668;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for November at Memphis   387 1/2 to 397 1/2;
  new crop at Memphis   399 3/4 to - - -;
Bids to farmers at River Elevators  367 to 384

Chicago Futures: Dec down  3 3/4  at  383 1/2 
  Mar down  3 3/4  at  400 3/4 
  May down  3 1/2  at  411 1/2 
  Dec '08 down  4 3/4  at  430 1/4 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat futures were sharply higher today. News that Argentina had suspended exports for 5 days to assess the damage from recent freezing weather is still supporting the market. The market is hyper-reactive to news like this because world stocks are so tight. Dry weather in the U.S. southern Plains is also supportive. The USDA now says that only 44% of the winter crop is in the good to excellent category.



Cotton & Rice  Date: November 29, 2007


Cotton

Spot Price, Grade 41 Staple 34: Memphis down 89 at  5904
  Greenwood down  89 at 5904

New York Futures: Dec down  54  at  5939 
  Mar down  89  at  6504 
 May down  89  at  6670 
 Jul down  86  at  6830 
 Dec down  91  at  7275 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton gave back a portion of yesterday's big gains. Technical buying and carryover strength from the stock market were both supportive. Cotton is also still in the race for acres in 2008. New crop acreage will suffer unless December ’08 cotton futures move to new highs over the next 3 months or so.

Rice

Long Grain Cash Bid for  Nov/Dec 1152/cwt  to  - - -
  - - - - - -  to  - - -

Chicago Futures: Jan up  2 1/2  at  1297 
 Mar up  at  1330 
 May up  at  1358 
 Sep up  22  at  1334 
 - - - up  - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice futures turned higher today thanks to an overall positive tone in Chicago. Tight world and U.S. stocks are responsible for recent strong gains. Vietnam and India are maintaining export bans. The cyclone in Bangladesh did some damage to rice and may increase their import needs. Thailand continues to move intervention stocks ahead of this year’s harvest. U.S. exports of both milled and rough rice are moving at a good pace. A key factor will be U.S. plantings in ’08 and this year’s harvest in Thailand and Vietnam.



Cattle & Hogs  Date: November 29, 2007

Cattle
As reported by Federal-State Market News, receipts were 4,167 head at sales in Charlotte, Ratcliff & Green Forest.  Compared with last week, feeder steers sold firm to $6 higher .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 116 to 126
  500 to 550 lbs. 106 to 116
  600 to 700 lbs. 102 to 112
 Medium & Large Frame 2   400 to 450 lbs. 111 to 121

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 102 to 112
 Medium & Large Frame 2   400 to 450 lbs. 92 to 102

Slaughter Cows, Boners 40   to   45
Light Weight 31 to 35
Bulls, Yield Grade   1-2   1000   to   2100 lbs.   50   to   56, high dressing 56-61
Midwest Steers   n/a   at   - - -   to   - - -
Panhandle Steers   were steady to $.50 lower   at   95   to   - - -

Oklahoma City Feeders
Steers 550 to 600 lbs. 118 to 125
  600 to 650 lbs. 110 to 116.50
Heifers 500 to 550 lbs. 108.50 to 111.50
  600 to 650 lbs. 101 to 108

Chicago Futures:
Live Cattle: Feb down 40 at 9665
  Jun down 15 at 9340
Feeders: Jan down 50 at 10907
  Mar down 55 at 10960

Cattle Comment
Cattle futures were lower again today. Futures’ premium to cash prices and fund selling were limiting factors. Concerns about demand are outweighing the relatively tight supply situation. December violated support near $95 and now could test the November low of $93.80.

Hogs
Peoria: were $1     higher   at   29.5   to   30

Chicago Futures: Feb up 2 at 6285
  Jun up 35 at 7622

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

Hogs Comment
Hog futures were a bit lower. Futures' premium to cash is limiting the upside. February seems to be building resistance just below $64.



Poultry  Date: November 29, 2007

Eggs

New York:  Ex. Lg. 159-163; Lg. 157-161; Med. 144-148;
Chicago:  Ex. Lg. 151-159; Lg. 149-157; Med. 134-142;

Eastern Region Turkeys
Hens: 8-16 lbs. 88-92
Toms: 16-24 lbs. 88-92
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was mostly steady. Supplies of all sizes were adequate to fully sufficient for trade needs. In production areas, live supplies were moderate at desirable to heavy weights.

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Arkansas Farm Bureau
10720 Kanis Road
Little Rock, AR 72211
501-224-4400

Copyright 2007
Arkansas Farm Bureau, Inc.
All rights reserved
Terms of Use

FWD: Morning Manna (Nov. 29); BP: Ps. 37; RBTTY: II Pet. 1; Ez. 35-36

 
Samuel D. High
sdhigh@aristotle.net

 



-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Wed, 28 Nov 2007 16:53:54 -0600
To: <pressingon@hotmail.com>
Subject: Morning Manna (Nov. 29); BP: Ps. 37; RBTTY: II Pet. 1; Ez. 35-36
 
November 29                                                                                        "God’s Prescribed Pathway"  
"The steps of a good man are ordered by the Lord—and he delights in his way."
                                                                                                                                                Psalm 37:23
      When we follow in His footsteps, we need never wonder where we’ll end up.
     One of the greatest delights of a parent or grandparent is watching a young child mimic his/her parent. Even now a smile comes to our lips and a twinkle to our eye as we think about the little girl putting on mommy’s make-up, jewelry, high heels, etc., and prancing out of the bedroom so all eyes can see.
 
     Or, we chuckle as we think of that "little man," all decked out in Daddy’s clothes. . . his tie around his neck. . .hat on his head. . .size 12 shoes on his feet, etc., as he clips-clops into the living room to the delight of everyone there. But, today’s Manna reminds us there’s a "mimicking" that’s much more delightful to the Lord (and us)—and that’s walking in "God’s Prescribed Pathway."
 
     David knew that God has a plan for our lives. He knew the "Lord was his Shepherd and he’d never be left in a lurch" (Ps. 23:1). He also knew the "Lord was his Light, Salvation and the Strength of his life and he’d never have to be afraid" (Ps. 27:1). Thus, we shouldn’t be surprised at today’s Manna—for our Good Shepherd always "makes us to lie down in green pastures. . .leads us beside the still waters. . .restores our soul. . .and leads us in the paths of righteousness for His name’s sake" (Ps. 23:2-3). Hallelujah!!
 
     The Hebrew word "kuwn" is used here for "ordered" and also means "to be erect, set up, established, fixed, prepared, directed, ordained, etc." Thus, it’s the picture of a loving Heavenly Father knowing everything about us, what we need and tenderly leading us through life.
Now, this doesn’t mean "the path that is set before us" (Heb. 12:1c) will be a primrose path of ease! No, sometimes this path will be through the "valley of the shadow of death" (Ps. 23:4). Sometimes it’ll be through the marshy bog of misery (II Cor. 1:8; 11:23-30). And, quite often it’ll be a solitary sojourn as others either forget or forsake us (Jn. 6:66; Mt. 26:56).
 
     But, in none of these things we should fear—for "the Lord God is with us and will comfort, protect, provide and preserve us" (Ps. 23:4-6). And, every step of the way He will be our trusted Guide and Friend (Mt. 28:20b; Heb. 13:5b). Glory!!
 
     Therefore, we should always "run patiently the race that is set before us, ever-mindful to fight the good fight, finish the course and keep the faith" (Heb. 12:1c; II Tim. 4:7). Although doing this may bring us to the point of despair, His loving Presence and firm Promises will be to us as a "sure and steadfast Anchor of the soul" (Heb. 6:19; II Cor. 4:7-9). And, knowing the same "joy that was set before Christ" (Heb. 12:2) is the same joy that awaits us, we press on (Phil. 3:13-14). . .knowing the Lord "delights in our way because we’re delighting in Him and His way." Amen and amen.
x

Wednesday, November 28, 2007

11/28/2007 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: November 28, 2007

Soybeans

Local Elevators:
(Nov) EAST AR:  1055 to 1083
(NC) Summ. 1076 to - - -
River Elevators:
(Nov) MISS: 1072 to 1087 ; AR & White 1059 to 1072
(NC) Summ. 1071 to 1096
Ark. Processor Bids: (Nov) 1072 to 1073  (NC) 1096 to 1098
Memphis:  (Nov) 1091 3/4 to 1094 3/4 (NC)  987 1/2 to 988 1/2
Riceland Foods:  (Nov) Stuttgart 1073 ; Pendleton 1083 ; West Memphis 1087

Chicago Futures: Jan up 5 3/4 at  1096 3/4
  Mar  up  5 3/4  at  1113 1/2
  May up 5 1/2  at  1119 3/4
  Nov '08 up at  1027 1/2
  Nov '09 down at  969
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans recovered a portion of yesterday's losses, but the upside appears limited. Soy oil prices look toppy and demand has diminished thanks to high prices. Biodiesel production is not profitable at current price levels. Producers need to keep in mind current price levels are well above the USDA projected average. There is probably more downside risk than upside potential at this stage of the game. Futures are at 34 year highs, meaning the $13 plus in 1973 is the only thing on the charts that is higher than current price levels.

Wheat
Cash bid for new crop at Memphis  653 to 654;

Bids to farmers at Local Elevators 633-648;
River Elevators 634-653;

Chicago Futures: Dec up  30  at  859 
  Mar up 30  at  881 3/4 
  May up  30  at  871 1/2 
  Jul '08 up  at  728 
  Jul '09 up  11  at  709 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for November at Memphis  724 to 817;

Bids to farmers at River Elevators 611-673;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for November at Memphis   392 1/4 to 401 1/4;
  new crop at Memphis   404 to - - -;
Bids to farmers at River Elevators  371 to 387

Chicago Futures: Dec up  at  387 1/2 
  Mar up  3 3/4  at  404 1/2 
  May up  4 1/4  at  415 
  Dec '08 up  5 1/4  at  434 3/4 
  Today's Arkansas LDP rate for corn is:

Grain Comment
December wheat was up the limit today on news that Argentina had suspended exports for 5 days to assess the damage from recent freezing weather. The market is hyper-reactive to news like this because world stocks are so tight. Dry weather in the U.S. southern Plains is also supportive. The USDA now says that only 44% of the winter crop is in the good to excellent category. July set a new contract high today, giving the chart a bullish appearance.



Cotton & Rice  Date: November 28, 2007


Cotton

Spot Price, Grade 41 Staple 34: Memphis up 153 at  5993
  Greenwood up  153 at 5993

New York Futures: Dec up  156  at  5993 
  Mar up  153  at  6593 
 May up  146  at  6759 
 Jul up  145  at  6916 
 Dec up  143  at  7366 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton posted sharp gains today with March bouncing off trendline support near 64.40 cents. Technical buying and carryover strength from the stock market were both supportive. Cotton is also still in the race for acres in 2008. New crop acreage will suffer unless December ’08 cotton futures move to new highs over the next 3 months or so.

Rice

Long Grain Cash Bid for  Nov/Dec 1149/cwt  to  - - -
  - - - - - -  to  - - -

Chicago Futures: Jan down  13 1/2  at  1294 1/2 
 Mar down  12  at  1327 
 May down  14  at  1355 
 Sep down  at  1312 
 n/a down  - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice futures were sharply lower again today in follow through selling from yesterday's bearish price action. The downside could be limited. Tight world and U.S. stocks are responsible for recent strong gains. Vietnam and India are maintaining export bans. The cyclone in Bangladesh did some damage to rice and may increase their import needs. Thailand continues to move intervention stocks ahead of this year’s harvest. U.S. exports of both milled and rough rice are moving at a good pace. A key factor will be U.S. plantings in ’08 and this year’s harvest in Thailand and Vietnam.



Cattle & Hogs  Date: November 28, 2007

Cattle
As reported by Federal-State Market News, receipts were 1,366 head at sales in Conway, Ola & Pocahontas.  Compared with last week, feeder steers sold mostly $4-7 higher .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 110 to 120
  500 to 550 lbs. 106 to 113
  600 to 650 lbs. 95 to 104
 Medium & Large Frame 2   400 to 450 lbs. 99 to 109

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 99 to 109
 Medium & Large Frame 2   400 to 450 lbs. 88 to 98

Slaughter Cows, Boners 42   to   46
Light Weight 28 to 31
Bulls, Yield Grade   1   1000   to   2100 lbs.   53   to   57, high dressing 57.50-59
Midwest Steers   were $2 higher   at   95   to   95.50
Panhandle Steers   were $2-2.50 higher   at   95   to   95.50

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: Feb down 90 at 9705
  Jun down 62 at 9355
Feeders: Jan down 100 at 10957
  Mar down 85 at 11015

Cattle Comment
Cattle futures were lower across the board. Futures’ premium to cash prices and fund selling were limiting factors. Concerns about demand are outweighing the relatively tight supply situation. December has support around $95.

Hogs
Peoria: were     steady   at   28.5   to   29

Chicago Futures: Feb up 62 at 6282
  Jun up 5 at 7587

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

Hogs Comment
Hog futures were higher again today. However, futures’ premium to cash could limit the upside. February seems to be building resistance just below $64.



Poultry  Date: November 28, 2007

Eggs

New York:  Ex. Lg. 159-163; Lg. 157-161; Med. 143-147;
Chicago:  Ex. Lg. 151-159; Lg. 149-157; Med. 134-142;

Eastern Region Turkeys
Hens: 8-16 lbs. 89-92
Toms: 16-24 lbs. 89-92
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was mostly steady. Supplies of all sizes were more than sufficient to satisfy trade needs. In production areas, live supplies were moderate at mostly desirable to heavy weights.

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Tuesday, November 27, 2007

FWD: Morning Manna (Nov. 28); BP: Ps. 37; RBTTY: I Pet. 5; Ez. 33-34

 
Samuel D. High
sdhigh@aristotle.net

 



-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Tue, 27 Nov 2007 09:06:38 -0600
To: <pressingon@hotmail.com>
Subject: Morning Manna (Nov. 28); BP: Ps. 37; RBTTY: I Pet. 5; Ez. 33-34
 
November 28                                                                                     "On Delighting and Receiving"  
"Delight yourself also in the Lord and He shall give you the desires of your heart. Commit your way unto the Lord; trust also in Him and He shall bring it to pass. . .But the meek shall inherit the earth and shall delight themselves in the abundance of peace."
                                                                                                                                      Psalm 37:4-5, 11
      In Christ "resting" is "releasing" and our "delight" is in Him.
     The Hebrew word " ‘anag" is used in today’s Manna for "delight" and also means "to be soft or pliable, luxurious, delicate, etc." Thus, it’s the picture of someone resting in the most comfortable bed ever imagined or that of one basking in the sun while lying on the creek bank, as the slow-moving waters ripple over the rocks and a soft breeze caresses his face.
Sounds totally "delicious," doesn’t it, Pilgrim?
 
     Assuredly it does. Glory!!
     But, in reality, that’s exactly what David is saying in our Manna in the spiritual realm. So often, we fume or get frustrated. . .pine or pout. . .worry or grow weary. . .when troubles come—especially when they spring from others’ unkind or unscrupulous ways. Somehow we envision our delighting coming when "God pleads our case" (Ps. 35:1)—i.e., comes to our rescue like the cavalry to the rescue. However, such is not the implication there. . .for sometimes, like Jesus, our road will be a rocky one and seemingly always against the tide. And, in Him, it’s always Calvary to the rescue.
 
     It’s during those times we must lie quietly on the Potter’s Wheel and say, "Not my will, but Thine be done" (Lk. 22:42). Like Jehoshaphat, there’ll be times when we must "be still and know that He is God" (Ps. 46:10) and say, "We have no might against those who come against us. . .we don’t know what to do. . .but our eyes are upon you" (II Chron. 20:12).
Is this "passive resignation"—i.e., a "Que sere, sere" ("whatever will be, will be") response? Does our being "meek (Heb. ‘anav’—‘gentle, lowly in mind, humble, etc.’)" mean simply lying down and becoming the world’s doormat?
 
     No, it doesn’t mean that at all.
     However, it does mean we engage in "positive relinquishment" of our lives and circumstances into the loving hands of our Lord. There’s a time and place to "stand and be counted;" there’s another time and place to "rest and wait patiently" (Ps. 37:7). And, only the Holy Spirit can tell us which response is the right one in a given situation (Eccl. 3:1).
Regardless, there’s one thing that’s always "in season:" "Delighting ourselves IN HIM. . . committing our way unto the Lord. . .trusting Him to bring His desires to pass in our lives. . . and knowing He will give us an abundance of peace." So, go forth in peace today, Pilgrim—confident the Father’s grace is sufficient, knows your needs and will supply them (II Cor. 12:9-10; Phil. 4:19).

11/27/2007 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: November 27, 2007

Soybeans

Local Elevators:
(Nov) EAST AR:  1049 to 1077
(NC) Summ. 1070 to - - -
River Elevators:
(Nov) MISS: 1061 to 1082 ; AR & White 1054 to 1067
(NC) Summ. 1066 to 1090
Ark. Processor Bids: (Nov) 1066 to 1067  (NC) 1090 to 1092
Memphis:  (Nov) 1083 to 1086 (NC)  985 1/2 to 986 1/2
Riceland Foods:  (Nov) Stuttgart 1067 ; Pendleton 1077 ; West Memphis 1081

Chicago Futures: Jan down 12 3/4 at  1091
  March  down  13 1/4  at  1107 3/4
  May down 11 3/4  at  1114 1/4
  Nov '08 down 12  at  1025 1/2
  Nov '09 down 10  at  970
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans were sharply lower following crude oil prices. Soy oil prices were also lower as demand has diminished thanks to high prices. Biodiesel production is not profitable at current price levels. Producers need to keep in mind current price levels are well above the USDA projected average. There is probably more downside risk than upside potential at this stage of the game. Futures are at 34 year highs, meaning the $13 plus in 1973 is the only thing on the charts that is higher than current price levels.

Wheat
Cash bid for November at Memphis  815 to 853;

Bids to farmers at Local Elevators 625-640;
River Elevators 626-645;

Chicago Futures: Dec up  15  at  829 
  March up 17 3/4  at  851 3/4 
  May up  14  at  841 1/2 
  July '08 up  10  at  720 
  July '09 up  3 1/2  at  698 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for November at Memphis  717 to 810;

Bids to farmers at River Elevators 604-668;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for November at Memphis   388 1/2 to 393 1/2;
  New crop at Memphis   398 3/4 to - - -;
Bids to farmers at River Elevators  367 to 379

Chicago Futures: Dec down  2 1/4  at  383 1/2 
  March down  2 1/2  at  400 3/4 
  May down  2 1/2  at  410 3/4 
  Dec '08 down  1 1/2  at  429 1/2 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat futures ignored weakness in corn and beans to climb higher. The USDA now says that only 44% of the winter crop is in the good to excellent category. The market needs a good crop in the U.S. and abroad to make up for shortfalls in last year’s crop. July has resistance at Friday’s contract high of $7.21 ½.



Cotton & Rice  Date: November 27, 2007


Cotton

Spot Price, Grade 41 Staple 34: Memphis down 52 at  5840
  Greenwood down  52 at 5840

New York Futures: Dec down  24  at  5837 
  March down  52  at  6440 
 May down  55  at  6613 
 July down  50  at  6771 
 Dec '09 down  65  at  7223 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton was lower again today with March testing long-term uptrending support near today’s close of 64.40 cents. Below that chart support is seen at 63 and then 60 cents. This year’s crop got bigger in the last supply demand report and export demand particularly to China remains slow. On the other hand, new crop acreage will suffer unless December ’08 cotton futures move to new highs over the next 3 months or so.

Rice

Long Grain Cash Bid for  Nov/Dec 1163/cwt  to  - - -
  Jan/Feb 1173/cwt  to  - - -

Chicago Futures: Jan down  13  at  1308 
 March down  13  at  1339 
 May down  11  at  1369 
 Sept unchanged  at  1317 
 - - -   - - -  at  - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
January rice futures gapped lower today. Friday’s contract high of $13.34 now stands in the way of a challenge of resistance at $13.50. Tight world and U.S. stocks are responsible for recent strong gains. Underlying fundamentals are unchanged with Vietnam and India maintaining export bans. The cyclone in Bangladesh did some damage to rice and may increase their import needs. Thailand continues to move intervention stocks ahead of this year’s harvest. U.S. exports of both milled and rough rice are moving at a good pace. A key factor will be U.S. plantings in ’08 and this year’s harvest in Thailand and Vietnam.



Cattle & Hogs  Date: November 27, 2007

Cattle
As reported by Federal-State Market News, receipts were 939 head at sales in Fort Smith and Marshall.  Compared with last week, feeder steers were $4 to $7 higher, heifers $2 to $5 higher .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 120 to 130
  500 to 550 lbs. 112 to 122
  600 to 700 lbs. 101 to 111
 Medium & Large Frame 2   400 to 450 lbs. 102 to 112

Heifers:
 Medium & Large Frame 1   500 to 550 lbs. 94 to 104
 Medium & Large Frame 2   400 to 450 lbs. 88 to 98

Slaughter Cows, Boners 40   to   44
Light Weight n/a to - - -
Bulls, Yield Grade   1   1000   to   2100 lbs.   54   to   57.5
Midwest Steers   were 50¢ to $3 lower   at   93   to   93.50
Panhandle Steers   were $2 higher to $2.50 lower   at   93   to   - - -

Oklahoma City Feeders
Steers 500 to 550 lbs. 122.50 to 129
  550 to 600 lbs. 115 to 122.50
Heifers 500 to 550 lbs. 108 to 113
  550 to 600 lbs. 102.25 to 111.50

Chicago Futures:
Live Cattle: Feb down 57 at 9795
  June down 32 at 9417
Feeders: Jan down 37 at 11057
  March down 25 at 11100

Cattle Comment
Cattle futures were lower across the board. Futures’ premium to cash prices and fund selling were limiting factors. December has support around $95.

Hogs
Peoria: were     steady   at   28.5   to   29

Chicago Futures: Feb down 37 at 6220
  June up 2 at 7582

Sheep
St. Paul n/a   at   - - -   to   - - -

Hogs Comment
Hog futures were mixed, but show strong signs that a bottom has been put in for now. However, futures’ premium to cash could limit the upside. February seems to be building resistance just below $64.



Poultry  Date: November 27, 2007

Eggs

New York:  Ex. Lg. 159-163; Lg. 157-161; Med. 141-145;
Chicago:  Ex. Lg. 151-159; Lg. 149-157; Med. 134-142;

Eastern Region Turkeys
Hens: 8-16 lbs. 92-96
Toms: 16-24 lbs. 92-96
 

Delmarva Broilers
U.S. Grade A
Movement of ready-to-cook whole birds was seasonally light and unaggressive for early week business. Seller offerings were generally sufficient on all sizes. Live supplies were moderate; weights ranged light to heavy, but were noted as mostly desirable. Processing schedules were moderate to moderately heavy. Less than trucklot asking prices were unchanged at 69 to 83 cents. Trade sentiment was mostly steady.

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QUESTIONS OR COMMENTS?

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Arkansas Farm Bureau
10720 Kanis Road
Little Rock, AR 72211
501-224-4400

Copyright 2007
Arkansas Farm Bureau, Inc.
All rights reserved
Terms of Use