FWD: Morning Manna (June 1); BP: Job 35; RBTTY: Jn. 12:27-50; II Chron.

 Please pray for Brother Tom about some decisions coming up.  I was in touch with him this past week.   He is also chaplain in Army Reserves and has been to Landstuhl Germany where some of our seriously wounded go from war zones.  God Bless
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Sat, 31 May 2008 20:16:18 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (June 1); BP: Job 35; RBTTY: Jn. 12:27-50; II Chron.
 

June 1                                                                                                                           “Songs In the Night”

 

              “But none says, ‘Where is God, my Maker, Who gives songs in the night’?”

                                                                                                                                                          Job 35:10

There, in the stillness of the night,

I feel His tender touch;

A touch that eases my anxious heart

When my problems seem too much.

 

As I lie there in prayer

During the darkness, oh so deep,

I feel His arms around me

When all I want to do is weep.

 

Like the warbling of a nightingale,

That sings alone at night,

The groanings from my troubled heart

Are heard by the One Who frees from fright.

 

His ears are always attentive

To our sighs and flowing tears

And in the cool, night breezes

We hear Him whisper, “Fear not—for I am here.”

 

As we rest on His firm promises

And hear His evening songs,

We realize that He ever knows our needs

And will keep us from all danger and wrong.

 

This One, Who watches the tiny sparrows,

And knows when even one of them falls,

Is the same One Who knows our every need

And will supply them when on Him we do call.

 

Yes, it’s during the night-watches

When all the world does sleep,

That we hear the Lord’s tender love songs

And His promises that He’s faithful to keep.

 

Although our journey may take us

Through valleys so deep and dark,

It is His Presence and reassuring Night Songs

That will sustain us from the time we embark.

 

                                                                                    --Tom Smith

FWD: Morning Manna (May 31); BP: Job 36; RBTTY: Jn. 12:1-26; II Chron.

 Brother Tom Smith is Army Reserves chaplain and as you probably remember just returned from serving a month at military hospital in Landsthul Germany, a key hospital in treating our war wounded.  God Bless 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Fri, 30 May 2008 09:12:11 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (May 31); BP: Job 36; RBTTY: Jn. 12:1-26; II Chron.
 

May 31                                                                                                                      “How Great Thou Art”

 

“Behold, God is mighty and despises not any.  He is mighty in strength and wisdom.  He preserves not the life of the wicked, but gives right to the poor.  He withdraws not His eyes from the righteous. . . Remember that you magnify His work, which men behold.  Every man may see it; man may behold it afar off.  Behold, God is great and we know Him not, neither can the number of His years be searched out.”

                                                                                                                                           Job 36:5-7a, 24-26

     We may not understand why we’re going through what we are; but God is faithful and will use everything for our good and His Glory (Rom. 8:28).

     Job, the oldest book in the Bible and possibly written by Moses, is an intriguing story of God’s sovereignty and man’s suffering.  Although our minds cannot grasp why God would allow satan to attack Job—robbing him of his possessions, servants and children—we still must accept its message by faith.  Too often we put more emphases upon logic and carnal reasoning than we do love and surrender. . .and we’ll always be upset, fretting and fuming until we can honestly say “God is good” (Ps. 73:1) and “How Great Thou Art!”

 

     The first part of the book reveals Job’s character as one who was “perfect (Heb. ‘tam’—‘pious, gentle, upright, undefiled, etc.’), upright, feared God and avoided evil” (1:1, 8).  When word reached him of the loss of everything he held dear (vv.13-19), Job’s grief was very apparent (v.20), but in the midst of it he still said “Naked came I out of my mother’s womb and naked shall I return.  The Lord gave and the Lord has taken away—blessed be the name of the Lord” (v.21).

 

     Later on, when terrible sores covered him from head to foot (2:7) and his wife said, “Curse God and die” (2:9), Job refused to accuse God and become bitter.  Instead, he said “What?  Shall we receive good at God’s hand and not evil” (v.10a)—and, “in all this Job did not sin with his lips” (v.10b).

 

     After Job’s three “friends”—Eliphaz, Bildad and Zophar—came to visit (2:11-13) and began telling him that his suffering was because of his sins (4:1-5:6; 8:1-22; 11:1-20; 18:1-21; 20:1-29; 22:1-30; 25:1-6), Job defended his integrity and innocence (6:1-7:21; 9:1-10:22; 12:1-17:16; 19:1-29; 21:1-34; 23:1-24:25; 26:1-31:40).

 

     It was at this point that young Elihu redirected their focus upon God—Who He was and what He’d done (32:1-37:24).  The Lord then spoke to Job out of a whirlwind, asking him where he was when the earth was formed (38:4-6). . .when the stars and sea were made (38:7-16). . .when He created snow, hail and rain (38:22-30). . .when the wild animals were fed and reproduced (38:39-39:17). . .when the horse was prepared for the day of battle (39:19-25) and when He taught the hawk and eagle to fly (39:26-30).

 

     These reminders caused Job to realize how he’d lost sight of the One Who’d blessed him all along and resorted to defending and justifying himself (10:7; 13:15; 32:1-2).  Pride had subtly slipped into his perseverance, as had contempt for his “friends” (11:3-4; 16:2-5, 20; 19:1-19; 21:3).  But, remembering God’s greatness brought repentance (40:4-5; 42:5-6), intercession (42:10a) and restoration (42:10b)—as it will for us.

05/30/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: May 30, 2008 Soybeans Local Elevators: (May) EAST AR:  1287 to 1311 (NC) Summ. 1247 to 1279 River Elevators: (May) MISS: 1264 to 1331 ; AR & White 1299 to 1305 (NC) Summ. 1253 to 1287 Ark. Processor Bids: (May) 1294 to 1302  (NC) 1275 to 1277 Memphis:  (May) 1333 1/2 to 1336 1/2 (NC)  1283 1/2 to 1284 1/2 Riceland Foods:  (May/Jun) Stuttgart 1302 ; Pendleton 1311 ; West Memphis 1331 Chicago Futures: Jul up 40 3/4 at  1363 1/2   Aug  up  40 1/2  at  1368 3/4   Sep up 34 1/4  at  1356 1/4   Nov up 33  at  1354 1/2   Nov '09 up 26  at  1347 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans and corn reversed yesterday’s losses and closed sharply higher to end the week. Heavy rain in parts of the Midwest left crop development in doubt and provided a boost to beans and corn. The big move boosted November beans back to the topside of a 2 ½ week trading range leaving open the possibility of additional gains. December corn attempted to move above the uptrend that was broken earlier this week, essentially ended the week well above the critical $6 level. Wheat Cash bid for new crop at Memphis  582 1/2 to 591 1/2; Bids to farmers at Local Elevators 564-577; River Elevators 553-590; Chicago Futures: Jul up  18  at  761 1/2    Sep up 18 1/4  at  777 1/2    Dec up  18 1/4  at  799 1/4    Mar '09 up  18 1/2  at  819    Jul '09 up  16 1/2  at  838 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for May at Memphis  958 to 959; Bids to farmers at River Elevators 882-943; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for May at Memphis   557 1/4 to 573 1/4;   new crop at Memphis   556 1/2 to 562 1/2; Bids to farmers at River Elevators  539 to 556 Chicago Futures: Jul up  17  at  599 1/4    Sep up  17 1/4  at  612 1/2    Dec up  17  at  626 1/2    Dec '09 up  1 1/2  at  596 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat posted solid gains, mostly following strength in corn. USDA says 33.2 million bushels of wheat were sold for export last week, which was within trade expectations. The International Grain Council is estimating farmers around the world will harvest 650 million metric tons of wheat this year, compared with only 605 million, one of the biggest reasons for the tight supply situation this spring. July has support at yesterday’s low of $7.31. Failure to hold there could signal a test of support between $6.50 and $6.70. Cotton & Rice  Date: May 30, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis down 25 at  5899   Greenwood down  25 at 5899 New York Futures: Jul down  25  at  6574    Dec down  27  at  7437    Mar '09 down  26  at  8003    May '09 down  21  at  8167    Jul '09 down  10  at  8298  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton was slightly lower again today as the market remains under pressure. Further declines would suggest a possible test of the next support near 71 cents. Big U.S. and world supplies will keep a cap on the market and upside potential appears limited in the near term. U.S. stocks of almost 10 million bales are more than ample and will go a long way in offsetting a much smaller ’08 crop. Rice Long Grain Cash Bid for  May 1900/cwt  to  - - -   Jun 1900/cwt  to  - - - Chicago Futures: Jul up  25  at  1910    Sep up  13  at  1850    Jan '09 up  17  at  1893    Mar '09 up  17  at  1926    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures were a little higher again today, but down sharply for the week. November futures moved back above the previous support area at $18.23, but would need to close above $20 to put the market in a more positive mode. This week’s low was just above the next support near $17.75. Overall fundamentals are unchanged, however the international market appears to be settling. Tight supplies remain the rule of the day, but there seems to be less intensity on the demand side, at least for the time being. Cattle & Hogs  Date: May 30, 2008 Cattle As reported by Federal-State Market News, receipts were 9,050 head at sales in Arkansas this week.  Compared with last week, feeder steers calves under 550 lbs sold steady to $2 lower, Yearlings over 550 lbs sold steady to $2 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 116.50 to - - -   500 to 550 lbs. 110.84 to - - -   600 to 650 lbs. 108 to - - -  Medium & Large Frame 2   400 to 450 lbs. 109.15 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 108.25 to - - -  Medium & Large Frame 2   400 to 450 lbs. 103.92 to - - - Slaughter Cows, Boners 50   to   58 Light Weight 35 to 42.50 Bulls, Yield Grade   1   1000   to   2100 lbs.   64   to   72.50, high dressing 73-77 Midwest Steers   were $3 higher   at   95   to   - - - Panhandle Steers   were $4 higher   at   96   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 122 to 127.50   600 to 650 lbs. 110 to 116.50 Heifers 600 to 650 lbs. 105 to 105.50   650 to 700 lbs. 96.13 to 103.85 Chicago Futures: Live Cattle: Aug up 92 at 10185   Dec up 90 at 10882 Feeders: Aug up 57 at 11602   Oct up 80 at 11782 Cattle Comment Cattle futures ended higher, mostly on carryover strength from the hog pit. Indications of strong demand and renewed access to the South Korean market were supportive as well. Hogs Peoria: were $1     lower   at   47.5   to   48 Chicago Futures: Aug up 157 at 7897   Oct up 117 at 7455 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Lean hog futures were sharply higher today. The market had been trading at a discount to cash prices and apparently traders decided to try and catch up. Packer margins are said to be strengthening, which is positive for cash values. August has resistance between $79.15 and $79.30. Poultry  Date: May 30, 2008 Eggs New York:  Ex. Lg. 110-114; Lg. 108-112; Med. 99-103; Chicago:  Ex. Lg. 93-101; Lg. 91-99; Med. 83-91; Eastern Region Turkeys Hens: 8-16 lbs. 90-92 Toms: 16-24 lbs. 90-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was light to moderate with hopes of progress as first of the month approaches. Supplies of all sizes were at least adequate to satisfy trade needs. In production areas, live supplies were moderate at 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 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

Bi-Weekly Market Briefings for 05/30/2008

Click here to view this report online.

ARKANSAS FARM BUREAU ELECTRONIC NEWSLETTER Bi-Weekly Market Briefings for 05-30-08 -------------------------------------------------------------------------- http://www.arfb.com Cotton fundamentals remain bearish near term. With weather abating enough to let planters roll, there seems to be little reason to anticipate an upward move in cotton. Projected ending stocks of just under 10 million bales in the United States and 61.6 million bales worldwide indicate ample supplies, even with a short ’08 U.S. crop. A weakening U.S. economy generally doesn’t bode well for cotton, as domestic mills are projected to continue their trend of using less. While December futures have held support at 77 cents, penetration of a shallow uptrend suggests further declines are probable. That being the case, 74.3 cents appears to be the only support above the early December low of 70.79 cents. Resistance remains the recent high just above 81 cents. Rice faces downside pressure following Memorial Day. A weak opening for November rice suggest a retest of recent support at $18.23 isn’t out of the question. Overall fundamentals are unchanged, except for U.S. acreage, which has likely increased from March intentions. But that’s a drop in the bucket, as far as overall supplies are concerned. The international situation has calmed, but supplies remain tight for at least the foreseeable future. Limited offerings from Thailand are generally priced around $1,000 per metric ton, with a recent sale to Malaysia at $950. This situation likely will continue for 18 to 24 months, but don’t forget how quickly the wheat situation has changed. Soybeans are receiving a boost from good corn plantings. Less acreage in soybeans is likely, since corn plantings appear to be taking additional acreage. Combined with the ongoing farmer strike in Argentina, it has given soybeans a good boost. While the situation in Argentina is apparently nearing resolution, importers are leery and have looked to the United States. This has boosted November above $13.60. Further gains will need weather or continued strong demand to move toward the contract high of $14.66. Support starts at $13.15, with major support at $11.65. Wheat futures have fallen below $7.50. Not long ago, we were all rooting for wheat to move above $7.50. It did with July topping at $12.72 ¾. Last week’s dip below $7.50 was a reminder that what goes up comes down. In just 10 weeks, wheat has lost more than $5 per bushel and the end isn’t in sight. A good world crop spurred the downturn and even dry weather concerns in Australia and poor crop ratings in the United States haven’t stopped the steady downward move. Chart support lies between $6.94 and $6.50. Keep wheat in mind when thinking about pushing the envelope on corn, beans or rice. Corn continues to consolidate. With the exception of a brief 3-day interval, December corn futures have traded between $6 and $6.32. Currently December is testing trendline support, which if penetrated could see a move toward support at $5.85 or $5.50. Good planting progress suggests acreage may exceed the March intentions, but timing suggests yield will likely fall below trendline expectations around 156. So, at best it will take good crop development to keep production near projections. Downside pressure would seem to be limited, yet we have another unknown that might have more impact on commodity price levels than weather. That would be index funds, which currently have more than $260 billion invested in commodities ranging from oil and metals to corn and beans. Big earnings in oil on a month-to-month basis have brought regular end-of-month adjustments in grain purchases in order to rebalance their portfolios. Finally, the U.S. news media has sniffed out index funds as a likely culprit in rising food and energy costs. This, plus rumblings to the Commodity Futures Trading Commission (CFTC), is likely to bring action to close a loophole that allows index funds to control unlimited futures contracts. (Note: Individual speculators are limited to combined contract positions in corn of 11 million bushels.) If CFTC doesn’t do something then Congress probably will. This would make index funds shed positions which would put downward pressure on oil, metals, and yes, soybeans, corn, wheat, etc. Renewed strength in the cattle pits has carried August live cattle to new contract highs. Record-high crude oil prices are being given some of the credit for restarting the rally that stalled out last month. Strong domestic demand and good export movement are also supportive. August feeders are also trading at contract high levels, and that is keeping demand for replacement cattle strong despite high corn prices. The market is showing indications of becoming oversold, and a move by August to test recent support in the $97 area is not out of the question. June hog futures are attempting to consolidate in a $3 range. Supply-side concerns continue to keep a lid on this market. The monthly cold storage report showed a large jump in frozen stocks, but much is waiting to be shipped for export. Pork cutout values remain strong despite large supplies, and that is keeping cash values stronger than expected. June has support at $75.80 and resistance at $78.60. Boiler production is expected to increase only slightly in 2009, after an expected increase of 2 percent in 2008. With higher feed and energy costs impacting both growing and processing costs, integrators will have little incentive to expand production. Little or no growth in broiler production is expected in the second half of 2008 and the first half of 2009. Broiler production is expected to increase in the second half of 2009 in response to rising prices. Exports of broiler and turkey products are expected to hit record highs in both 2008 and 2009, benefiting from their enhanced competitiveness on world markets due to the decline of the dollar. U.S. broiler and turkey shipments were up in first-quarter 2008 from a year earlier. U.S. broiler shipments for the first quarter of 2008 totaled 1.5 billion pounds, up 18 percent from first-quarter last year. U.S. turkey shipments totaled 148 million pounds for the first 3 months of 2008, up 19 percent from a year earlier. U.S. boiler shipments for March 2008 totaled 544 million pounds, an increase of 28 percent from last year. March turkey shipments totaled 52 million pounds, an increase of 19 percent from March 2007. Contact: • Gene Martin (501) 228-1330, gene.martin@arfb.com . • Brandy Carroll (501) 228-1268, brandy.carroll@arfb.com . • Bruce Tencleve (501) 228-1856, bruce.tencleve@arfb.com . • Matt King (501) 228-1297, matt.king@arfb.com . -------------------------------------------------------------------------- We promised you your own bank, and here it is - www.farmbureaubank.com Created by members who understand your financial needs like no other bank can. Backed by the strength, stability and leadership of Farm Bureau. Go ahead. See what better banking is all about. Call 1-800-492-FARM Personal Bankers are available Monday - Friday, 7am to 7pm CST -------------------------------------------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at: mktrpt@arfb.com -------------------------------------------------------------------------- ---------------------------------------- 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 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

Bi-Weekly Market Briefings for 05/30/2008

Click here to view this report online.

ARKANSAS FARM BUREAU ELECTRONIC NEWSLETTER Bi-Weekly Market Briefings for 05-30-08 -------------------------------------------------------------------------- http://www.arfb.com Cotton fundamentals remain bearish near term. With weather abating enough to let planters roll, there seems to be little reason to anticipate an upward move in cotton. Projected ending stocks of just under 10 million bales in the United States and 61.6 million bales worldwide indicate ample supplies, even with a short ’08 U.S. crop. A weakening U.S. economy generally doesn’t bode well for cotton, as domestic mills are projected to continue their trend of using less. While December futures have held support at 77 cents, penetration of a shallow uptrend suggests further declines are probable. That being the case, 74.3 cents appears to be the only support above the early December low of 70.79 cents. Resistance remains the recent high just above 81 cents. Rice faces downside pressure following Memorial Day. A weak opening for November rice suggest a retest of recent support at $18.23 isn’t out of the question. Overall fundamentals are unchanged, except for U.S. acreage, which has likely increased from March intentions. But that’s a drop in the bucket, as far as overall supplies are concerned. The international situation has calmed, but supplies remain tight for at least the foreseeable future. Limited offerings from Thailand are generally priced around $1,000 per metric ton, with a recent sale to Malaysia at $950. This situation likely will continue for 18 to 24 months, but don’t forget how quickly the wheat situation has changed. Soybeans are receiving a boost from good corn plantings. Less acreage in soybeans is likely, since corn plantings appear to be taking additional acreage. Combined with the ongoing farmer strike in Argentina, it has given soybeans a good boost. While the situation in Argentina is apparently nearing resolution, importers are leery and have looked to the United States. This has boosted November above $13.60. Further gains will need weather or continued strong demand to move toward the contract high of $14.66. Support starts at $13.15, with major support at $11.65. Wheat futures have fallen below $7.50. Not long ago, we were all rooting for wheat to move above $7.50. It did with July topping at $12.72 ¾. Last week’s dip below $7.50 was a reminder that what goes up comes down. In just 10 weeks, wheat has lost more than $5 per bushel and the end isn’t in sight. A good world crop spurred the downturn and even dry weather concerns in Australia and poor crop ratings in the United States haven’t stopped the steady downward move. Chart support lies between $6.94 and $6.50. Keep wheat in mind when thinking about pushing the envelope on corn, beans or rice. Corn continues to consolidate. With the exception of a brief 3-day interval, December corn futures have traded between $6 and $6.32. Currently December is testing trendline support, which if penetrated could see a move toward support at $5.85 or $5.50. Good planting progress suggests acreage may exceed the March intentions, but timing suggests yield will likely fall below trendline expectations around 156. So, at best it will take good crop development to keep production near projections. Downside pressure would seem to be limited, yet we have another unknown that might have more impact on commodity price levels than weather. That would be index funds, which currently have more than $260 billion invested in commodities ranging from oil and metals to corn and beans. Big earnings in oil on a month-to-month basis have brought regular end-of-month adjustments in grain purchases in order to rebalance their portfolios. Finally, the U.S. news media has sniffed out index funds as a likely culprit in rising food and energy costs. This, plus rumblings to the Commodity Futures Trading Commission (CFTC), is likely to bring action to close a loophole that allows index funds to control unlimited futures contracts. (Note: Individual speculators are limited to combined contract positions in corn of 11 million bushels.) If CFTC doesn’t do something then Congress probably will. This would make index funds shed positions which would put downward pressure on oil, metals, and yes, soybeans, corn, wheat, etc. Renewed strength in the cattle pits has carried August live cattle to new contract highs. Record-high crude oil prices are being given some of the credit for restarting the rally that stalled out last month. Strong domestic demand and good export movement are also supportive. August feeders are also trading at contract high levels, and that is keeping demand for replacement cattle strong despite high corn prices. The market is showing indications of becoming oversold, and a move by August to test recent support in the $97 area is not out of the question. June hog futures are attempting to consolidate in a $3 range. Supply-side concerns continue to keep a lid on this market. The monthly cold storage report showed a large jump in frozen stocks, but much is waiting to be shipped for export. Pork cutout values remain strong despite large supplies, and that is keeping cash values stronger than expected. June has support at $75.80 and resistance at $78.60. Boiler production is expected to increase only slightly in 2009, after an expected increase of 2 percent in 2008. With higher feed and energy costs impacting both growing and processing costs, integrators will have little incentive to expand production. Little or no growth in broiler production is expected in the second half of 2008 and the first half of 2009. Broiler production is expected to increase in the second half of 2009 in response to rising prices. Exports of broiler and turkey products are expected to hit record highs in both 2008 and 2009, benefiting from their enhanced competitiveness on world markets due to the decline of the dollar. U.S. broiler and turkey shipments were up in first-quarter 2008 from a year earlier. U.S. broiler shipments for the first quarter of 2008 totaled 1.5 billion pounds, up 18 percent from first-quarter last year. U.S. turkey shipments totaled 148 million pounds for the first 3 months of 2008, up 19 percent from a year earlier. U.S. boiler shipments for March 2008 totaled 544 million pounds, an increase of 28 percent from last year. March turkey shipments totaled 52 million pounds, an increase of 19 percent from March 2007. Contact: • Gene Martin (501) 228-1330, gene.martin@arfb.com . • Brandy Carroll (501) 228-1268, brandy.carroll@arfb.com . • Bruce Tencleve (501) 228-1856, bruce.tencleve@arfb.com . • Matt King (501) 228-1297, matt.king@arfb.com . -------------------------------------------------------------------------- We promised you your own bank, and here it is - www.farmbureaubank.com Created by members who understand your financial needs like no other bank can. Backed by the strength, stability and leadership of Farm Bureau. Go ahead. See what better banking is all about. Call 1-800-492-FARM Personal Bankers are available Monday - Friday, 7am to 7pm CST -------------------------------------------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at: mktrpt@arfb.com -------------------------------------------------------------------------- ---------------------------------------- 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 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

FWD: Morning Manna (May 30); BP: Jn. 11:30-57; II Chron. 10-12

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Thu, 29 May 2008 18:40:06 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (May 30); BP: Jn. 11:30-57; II Chron. 10-12
 

May 30                                                                                                                               “Where is God?”

 

“But none says, ‘Where is God, my Maker, Who gives songs in the night. . .’?”

                                                                                                                                                      Job 35:10a

     Be still, soul—and listen.

     Night is a wonderful time when the winds die down, the moon and stars appear and all the world seems to rest from her labors.  The setting sun reminds us of a curtain closing on an act in the play—later to reopen with a new one.

 

     Yet, sometimes the night is not so inviting.

     Some fear the approaching darkness because of things that go bump in the night.  Their inability to see and overactive imagination combine to torture them, robbing them of much-needed rest.  Or, memories of what might have been. . .guilt over what has been  . . .or dread of what will be leaves them exhausted physically, mentally, emotionally and spiritually.

 

     There’s no doubt Job was going through a rough time.

     You don’t lose everything you’ve own (1:13-17), have all of your children suddenly killed (1:18-20), be afflicted with boils from head to foot (2:7) and have a wife telling you to “curse God and die” (2:9) without it affecting you.  And, when you throw in three “friends” whose “comfort” is telling you that you must have sinned to be having such things happen (2:11ff), you’ve got the ingredients for committing hari-kari.

 

     But, Job didn’t do that.

     When his wife encouraged him to give up on God, he said “You speak as one of the foolish women speaks.  What?  Shall we receive good at the Hand of God and not receive evil?” (2:10).  And, it goes on to say “In all this Job didn’t sin with his lips” (2:10b).

 

     Later on, Job would say “Though He slay me, yet will I trust Him” (Job 13:15a) and “But He knows the way that I take; when He has tried (Heb. ‘bachan’—‘to test, investigate, examine, etc.’) me, I shall come forth as gold” (23:10).

 

     Elihu’s words to Job in today’s Manna are piercing ones that call for quiet contemplation.  He’d sat quietly by for some time listening to Eliphaz, Bildad and Zophar fail to give convincing answers to Job’s questions.  So, he entered the fray and began contending with Job “because he justified himself rather than God” (32:1).  He also was angry with the “taunting trio” because “they had found no answer and yet had condemned Job” (32:3). 

 

     As he basically told all four of them to sit down and be quiet, this young man—who’d “been afraid and hesitant to share his opinion” (32:6)—began speaking God’s deep truths to them (32:7ff).  In the midst of their bantering back-and-forth, none of them had asked, “God, what’s Your Opinion in all of this?”  No, they’d been too busy pushing their own positions and agendas to ask, “Where is God, my Maker, Who gives songs in the night?”  May the Holy Spirit help us today to “be still and know that HE is God”—not us (Ps. 46:10).

05/29/2008 Farm Bureau Market Report

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Grain & Soybean Date: May 29, 2008 Soybeans Local Elevators: (May) EAST AR:  1246 to 1320 (NC) Summ. 1214 to 1281 River Elevators: (May) MISS: 1223 to 1290 ; AR & White 1254 to 1260 (NC) Summ. 1220 to 1254 Ark. Processor Bids: (May) 1253 to 1261  (NC) 1242 to 1244 Memphis:  (May) 1292 3/4 to 1332 3/4 (NC)  1251 1/2 to 1286 1/2 Riceland Foods:  (May/Jun) Stuttgart 1261 ; Pendleton 1270 ; West Memphis 1290 Chicago Futures: Jul down 50 at  1322 3/4   Aug  down  47 1/2  at  1328 1/4   Sep down 40 1/4  at  1322   Nov down 35 3/4  at  1321 1/2   Nov '09 down 36 3/4  at  1321 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans took a big dip today as the market continued its up and down movement of recent days. Weakness in crude oil and a stronger dollar contributed to the downturn. The big question is whether oil is just taking a breather or if this could be the beginning of something bigger. Index funds remain big players and for the month show big gains. That could mean new grain and soybean positions as they rebalance their portfolios. November soybean trendline support is just under $13, below that is early May low of $11.65. December corn has traded between $6.00 and $6.55 for over 8 weeks and briefly dropped below the $6 level for the first time since mid-April. A close below $6 would bring support at $5.85 and $5.50 into play. Wheat Cash bid for new crop at Memphis  573 1/2 to 586 1/2; Bids to farmers at Local Elevators 546-574; River Elevators 535-572; Chicago Futures: Jul down  15 1/2  at  743 1/2    Sep down 15 1/4  at  759 1/4    Dec down  15 1/4  at  781    Mar '09 down  14 1/2  at  800 1/2    Jul '09 down  13  at  822    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for May at Memphis  933 to 959; Bids to farmers at River Elevators 852-913; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for May at Memphis   550 1/4 to 554 1/4;   new crop at Memphis   545 1/4 to 550 1/4; Bids to farmers at River Elevators  519 to 534 Chicago Futures: Jul down  15 1/2  at  743 1/2    Sep down  10 1/4  at  595 1/4    Dec down  10  at  609 1/2    Dec '09 down  13 1/2  at  595    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat posted double digit losses. Forecasts for rain in Australia were bearish, as farmers there need moisture to get the crop off to a good start. Yesterday Russia announced an end to the export ban there, and today India said they may cancel theirs as well. Today’s low is the first level of support. Failure to hold there could signal a test of support between $6.50 and $6.70. Cotton & Rice  Date: May 29, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 100 at  5924   Greenwood up  100 at 5924 New York Futures: Jul down  54  at  6595    Dec down  46  at  7448    Mar '09 down  8  at  8029    May '09 down  9  at  8188    Jul '09 down  22  at  8290  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton continues to followthrough on Tuesday’s move below trendline support. Big U.S. and world supplies will keep a cap on the market and upside potential appears limited in the near term. U.S. stocks of almost 10 million bales are more than ample and will go a long way in offsetting a much smaller ’08 crop. Rice Long Grain Cash Bid for  May 1900/cwt  to  - - -   Jun 1900/cwt  to  - - - Chicago Futures: Jul up  40  at  1885    Sep up  42  at  1837    Jan '09 up  46  at  1876    Mar '09 up  40  at  1909    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice finally reversed this week’s big declines and closed on the positive side. November futures moved back above the previous support area at $18.23, but would need to close above $20 to put the market in a more positive mode. Yesterday’s low was just above the next support near $17.75. Overall fundamentals are unchanged, however the international market appears to be settling. Tight supplies remain the rule of the day, but there seems to be less intensity on the demand side, at least for the time being. Cattle & Hogs  Date: May 29, 2008 Cattle As reported by Federal-State Market News, receipts were 2,443 head at sales in Charlotte, Ratcliff & Green Forest.  Compared with last week, feeder steers sold firm to $4 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 119.56 to - - -   500 to 550 lbs. 116.40 to - - -   600 to 650 lbs. 112.41 to - - -  Medium & Large Frame 2   400 to 450 lbs. 114.44 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 111.05 to - - -  Medium & Large Frame 2   400 to 450 lbs. 105.96 to - - - Slaughter Cows, Boners 50   to   55 Light Weight 35 to 43 Bulls, Yield Grade   1-2   1000   to   2100 lbs.   63.50   to   69.50, high dressing 70-77 Midwest Steers   were steady   at   92   to   - - - Panhandle Steers   were steady   at   92   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 70 at 10092   Dec down 60 at 10792 Feeders: Aug down 35 at 11545   Oct down 30 at 11702 Cattle Comment Cattle futures were weaker today, mostly on profit taking after recent gains. Losses were limited by strong cash values. Cattle price have support at $100. Hogs Peoria: were $1     lower   at   48.5   to   49 Chicago Futures: Aug steady at 7740   Oct down 5 at 7337 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Lean hog futures have been trading sideways for a number of weeks. A lack of fundamental news has trading stalled in a holding pattern. Packer margins are said to be strengthening, which is positive for cash values. August has support $76.20. Poultry  Date: May 29, 2008 Eggs New York:  Ex. Lg. 108-112; Lg. 106-110; Med. 97-101; Chicago:  Ex. Lg. 93-101; Lg. 91-99; Med. 83-91; Eastern Region Turkeys Hens: 8-16 lbs. 90-91 Toms: 16-24 lbs. 90-91   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Supplies of all sizes were at least adequate to handle trade needs. In production areas, live supplies were moderate at 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 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use