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Grain & Soybean Date: April 30, 2008 Soybeans Local Elevators:
Soybean Comment Wheat
Grain Sorghum
Corn
Grain Comment Cotton & Rice Date: April 30, 2008
Cotton recouped early session declines and closed on a strong note. Crop progress in planting appeared to be on target for the U.S. but behind in much of the mid-South. With big ending stocks projected the market isnt really too concern at this stage of the game. Trading is expected to remain within the current trading range of 71 cents to 89.49 cents. Rice
Rice futures made another big downward correction as the market declined for the third day in a row. November dropped to $19.38, or within cents of the 50% retracement level of gains made over the last 6 weeks. A drop to $18.57 would complete a 62% retracement. Underlying fundamentals are unchanged with limited offerings available from exporters in Southeast Asia where rice quotes are in the $1,000 to $1,100 per tonne range. The current slide in futures is bringing that quote back in line with current conditions. Cattle & Hogs Date: April 30, 2008 Cattle
Slaughter Cows, Boners 47 to 52 Light Weight 34 to 41 Bulls, Yield Grade 1 1000 to 2100 lbs. 61 to 66, high dressing 69-71.50 Midwest Steers were quoted at 89 to - - - Panhandle Steers were quoted at 89 to - - -
Chicago Futures:
Cattle Comment Peoria: were steady at 43.5 to 44
Sheep St. Paul sheep shorn slaughter lambs unchanged at n/a to - - - Hogs Comment Poultry Date: April 30, 2008 Eggs
Eastern Region Turkeys
Delmarva Broilers U.S. Grade A Trade sentiment was steady to fully steady. Supplies of all sizes were adequate to close balanced for 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_marketing/email/ ---------------------------------------- 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 Copyright 2008 |