FWD: Morning Manna (July 1); BP: Gen. 15; RBTTY: Acts 10:24-48; Job 20-21

 
Samuel D. High
sdhigh@aristotle.net

 

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-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Mon, 30 Jun 2008 11:05:04 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (July 1); BP: Gen. 15; RBTTY: Acts 10:24-48; Job 20-21
 

July 1                                                                                                                                                “Fear Not”

 

“After these things the Word of the Lord came unto Abram in a vision, saying ‘Fear not, Abram.  I am your Shield and your exceeding Great Reward’.”

                                                                                                                                                        Genesis 15:1

“Fear not” the Lord said to Abram that day

As He called him to do His will;

There’d be no maps or guidance systems

As He’d lead through valleys and up hills.

 

“Going without knowing where you’ll go”

Was the Lord God’s beckon call;

Yet continually He would lead this man of faith

As he cast upon Him his all.

 

The journey of faith is the journey of trust

In One Who knows the way;

That’s why on Him we must cast all our cares,

As we look to Him each day.

 

Sometimes the road will be rocky and steep;

Other times it’ll lead through valleys dark.

But in everything the God of Abraham will sustain us

Until the end from the time we embark.

 

Although so often we cannot see

Even the next step that lies ahead,

He still will be our Shield and exceeding Great Reward,

And will sustain us when fearful or sad.

 

A Shield to protect us

When fiery darts assail on every hand;

And our exceeding Great Reward

To assure us when by faith we take our stand.

 

In Him we find our Everything

To sustain us in our soul’s dark night;

And by faith we’ll continue on with Him

Who’s promised to sustain us by His Might.

 

So, do not fear what comes your way—

What others may say or do;

Stay focused and faithful to the One Who has called you

And He’ll always lead you through.

 

                                                                                                --Tom Smith

06/30/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: June 30, 2008 Soybeans Local Elevators: (June) EAST AR:  1528 to 1552 (NC) Summ. 1456 to 1482 River Elevators: (June) MISS: 1525 to 1587 ; AR & White 1540 to 1564 (NC) Summ. 1466 to 1494 Ark. Processor Bids: (June) 1543 to - - -  (NC) 1476 to 1481 Memphis:  (June) 1593 to 1595 (NC)  1494 to - - - Riceland Foods:  (June) Stuttgart 1543 ; Pendleton 1552 ; West Memphis 1572 Chicago Futures: July up 23 1/2 at  1605   Aug  up  19  at  1598   Sept up 17 1/2  at  1584   Nov up 14 1/2  at  1574   Nov '09 up 2  at  1479   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans bounced around pressured early by the weakness in corn. Planted acreage for soybeans was just a little below March intentions, while corn at 87.3 million acres was up from intentions of 86 million. Most pre-report estimates assumed actual plantings would be down. Harvested acres for corn were placed at 79.4 million acres as USDA used a higher abandonment figure. November soybeans touched the contract high and appear to still have some upside potential. December corn left an island reversal top after gapping lower and closing down the limit. This suggests additional downward retracement is probable. Initial support starts at $7.40. Wheat Cash bid for June at Memphis  643 1/2 to - - -; Bids to farmers at Local Elevators 606-618; River Elevators 599-639; Chicago Futures: July down  52  at  843 1/2    Sept down 53 1/4  at  858 3/4    Dec down  53 3/4  at  881 3/4    March '09 down  52 3/4  at  903    July '09 down  47 3/4  at  922    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  1089 to 1120; Bids to farmers at River Elevators - - -; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   694 3/4 to 699 3/4;   New crop at Memphis   677 3/4 to - - -; Bids to farmers at River Elevators  - - - to - - - Chicago Futures: July down  30  at  724 3/4    Sept down  30  at  767 3/4    Dec down  30  at  757    Dec '09 down  22  at  655    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures gapped lower and never recovered. Weakness in corn certainly helped push the market lower, but wheat had its own bearish news to contend with as well. The June 1 stocks estimate was 306 million bushels. June 1 is the end of the marketing year, and the previous carryout estimate was 254 million bushels, so this gave the market quite a shock. July broke out of the short-term uptrend, but found support above $8.40 for the time being. Cotton & Rice  Date: June 30, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis down 263 at  6748   Greenwood down  263 at 6748 New York Futures: July down  201  at  7140    Dec down  278  at  7862    March '09 down  276  at  8405    May '09 down  276  at  8562    July '09 down  276  at  8680  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton was sharply lower despite a planted acreage number that was about 100,000 acres below March intentions. The market was anticipating a number below 9 million acres instead of the 9.25 that it got. No estimate of harvested acreage was made and it is generally assumed that Texas will have a high abandonment this year. However, the ending stocks figure, currently at 10.3 million bales, will likely increase more in the July supply demand report. In some quarters, a 10.7 million bales stocks figure is being mentioned. Nevertheless, today’s sharp decline broke the shallow uptrend and suggests a retest of support at 77 cents, or perhaps even a move to the recent low of 71.65 cents. Rice Long Grain Cash Bid for  June 1946/cwt  to  - - -   July 1946/cwt  to  - - - Chicago Futures: July up  152  at  2021    Sept up  50  at  1897    Jan '09 up  50  at  1950    March '09 up  50  at  1980    - - - unchanged  - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures closed up the limit with overall U.S. planted acreage up 125,000 acres from the March intentions. Arkansas and California’s planted acres was down slightly from intentions while Louisiana planted an additional 70,000 acres. Missouri, Mississippi and Texas were each up slightly from intentions while medium grain dropped 45,000 acres from intentions. A total of just under 2.9 million acres were planted to rice, that should give a crop of just over 200 million cwt. June stocks were a little tighter than expected and helped boost the market. Initial resistance for September futures remains near $20. Cattle & Hogs  Date: June 30, 2008 Cattle As reported by Federal-State Market News, receipts were 2091 head at sales in Ash Flat, Ola & Springdale.  Compared with last week, feeder steers sold mostly steady to firm, instances $3 to $5 higher. Feeder heifers sold $1 to $5 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 113.53 to - - -   500 to 550 lbs. 106.77 to - - -   600 to 650 lbs. 103.87 to - - -  Medium & Large Frame 2   400 to 450 lbs. 112.38 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 99.20 to - - -  Medium & Large Frame 2   400 to 450 lbs. 96.84 to - - - Slaughter Cows, Boners 50   to   57 Light Weight 40 to 46 Bulls, Yield Grade   1   1000   to   2100 lbs.   65   to   70 Midwest Steers   were   at   94   to   99 Panhandle Steers   were 50¢ to $1.50 lower   at   98   to   99.50 Oklahoma City Feeders Steers 479 to - - - lbs. 129.50 to - - -   550 to 600 lbs. 119 to - - - Heifers 470 to 540 lbs. 93.5 to 105   600 to 650 lbs. 109.50 to 110 Chicago Futures: Live Cattle: Aug down 167 at 10342   Dec down 160 at 11295 Feeders: Aug up 15 at 11187   Oct up 17 at 11467 Cattle Comment Cattle futures were sharply lower under pressure from weakness in hog futures. Friday’s hog inventory report indicated that there will be plenty of pork to compete with beef in the months to come. Hogs Peoria: were 50¢ to $1.50     lower   at   45.5   to   46 Chicago Futures: Aug down 180 at 7090   Oct down 242 at 6945 Sheep St. Paul n/a   at   - - -   to   - - Hogs Comment Hog futures gapped lower in reaction to the inventory report released Friday. The supply of marketing hogs was up 10.4% from a year ago, and the spring pig crop was up 4%, indicating that supplies will be more than ample through fall. August could be headed for a retest of the contract low of $69.45. Poultry  Date: June 30, 2008 Eggs New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 98-102; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 91-99; Eastern Region Turkeys Hens: 8-16 lbs. 91-93 Toms: 16-24 lbs. 91-93   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was fair to moderate, best where holiday needs increased. Supplies of all sizes were sufficient to satisfy trade needs. In productions areas, live supplies were moderate. Weights were mostly desirable. ---------------------------------------- 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 (June 30); BP: Job 42; RBTTY: Acts 10:1-23; Job 17-19

 I hope all well with all of you.  Have a good short week and Blessed July 4.  God Bless

Samuel D. High
sdhigh@aristotle.net

 

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-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Sun, 29 Jun 2008 16:55:23 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (June 30); BP: Job 42; RBTTY: Acts 10:1-23; Job 17-19
 

June 30                                                                                             “God’s Faithfulness and Our Response”

 

“And the Lord turned the captivity of Job, when he prayed for his friends. . .”

                                                                                                                                                            Job 42:10a

     Our response to the Lord determines which one we’ll experience.

     Bondage?  Or blessing?

     Today’s Manna is an intriguing one indeed.  Job’s story, in reality, is Everyman’s story; that’s why we should savor every morsel of it and ask the Heavenly Father to help us respond the way he did.

 

     We know of Job’s suffering of body, mind and soul (1:1-2:10).  We know of the inward anguish of heart he felt when his wife said “Why don’t you curse God and die?” (2:9) and his “friends” continually rebuked him and told him he was simply “getting what was coming to him” because of some apparent hidden sin.

 

     And, when we read of Elihu’s strong indictment of his having “justified himself rather than God” (32:2) and God’s reminding him of Who He was/is (38:1-41:34), no wonder he cried “Behold I am vile” (40:4a) and “abhorred himself as he repented in dust and ashes” (42:6).

 

     We should never forget that both “humility” and “humiliation” come from the same Latin root word “humilis.”  So often, it takes humiliating situations in our lives to pierce our pride and break open our hardened hearts.  Neither should we be surprised that our Lord will always keep certain type personality types that irk and irritate us in our lives until we can learn to pray for them (Mt. 5:44) and “count it all joy when we fall into various difficulties, knowing that the trial of our faith produces patience, character and hope” (James 1:2-3; Rom. 5:3-4).

 

     At first glance, it seems Job’s change-of-circumstances came when he finally overcame his bitterness toward his “friends” who’d falsely accused him.  However, on closer examination we discover that he was praying for them because the Lord God had commanded them to come to him for that reason (42:7-8).

 

     In many ways, Job’s praying for them is like Joseph’s forgiving his brothers after Jacob’s death (Gen. 50:15-21) and Jesus’ praying for us from the Cross (Lk. 23:34).  In all three situations the Heavenly Father was teaching much about what it means “to learn obedience through the things we suffer” (Heb. 5:8).

 

     The question is, “How well are we learning this lesson?”

     Dear Pilgrim, are you having a difficult time “letting go and letting God” and saying “Yes, Lord” in what you’re going through?  Could it be you’ve been “praying amiss” (James 4:3) by demanding God to “do something” instead of praying “Father, into Your Hands I commit my life” (Lk. 23:46)?

 

     The clay should never contend with the Potter and His will for our lives (Jer. 18:1-6).  Instead, we should lie quietly upon His wheel, allowing Him to mold and make us as He sees fit.  Only in so doing will we be changed—both inwardly and outwardly.

    

FWD: Morning Manna (June 29); BP: Job 40; RBTTY: Acts 9:23-43; Job 14-16

 
Samuel D. High
sdhigh@aristotle.net

 

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-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Sat, 28 Jun 2008 13:04:53 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (June 29); BP: Job 40; RBTTY: Acts 9:23-43; Job 14-16
 

June 29                                                                                                                 “On Contending with God”

 

“Moreover the Lord answered Job and said, ‘Shall he that contends with the Almighty instruct Him?  He that reproves God, let him answer it’.”

                                                                                                                                                           Job 40:1-2

     As James Weldon Johnson, author of God’s Trombones, said “Young man, young man, your arm’s too short to box with God.”

     Jeremiah, the weeping prophet, knew our tendencies to “contend with the Almighty and trying to instruct/reprove Him” by our thoughts, words and deeds.  That’s why he wrote, “This I recall to my mind; therefore have I hope:  It is of the Lord’s mercies that we are not consumed, because His compassions fail not—they are new every morning.  Great is Your faithfulness” (Lam. 3:21-23).

 

     Yet, still we continue.

     Like the children of Israel in the desert, murmuring and complaining about this and that, too often we inwardly shake our fists toward Heaven—demanding Almighty God to change our circumstances or give us an explanation as to why He’s allowing/causing such-and-such in our lives.

 

     We kneel and pray, “O Lord, change so-and-so,” forgetting that we’re the ones who need changing.  We fret and fume over injustices (both real and perceived) and inwardly grow bitter toward others and the One with nail scars in His Hands.

 

     But, such should not be, Pilgrim—not when we profess to know Him as Savior and Lord.  Is He not the Potter and we are the clay (Jer. 18:1-6)?  Has He not promised to guide us (Prov. 3:5-6) and “work all things together for good if we love Him and are called according to His purpose” (Rom. 8:28)?

 

     Why, then, like some belligerent, spoiled, demanding child do we “contend (Heb. ‘ruwb’—‘to grapple with, hold a controversy, chide, complain, rebuke, strive with, etc.’) with the Almighty or seek to reprove (Heb. ‘yakach’—‘to correct, argue with, seek to justify or make right, correct, etc.’) Him?”

 

     How we grieve His Holy Heart when we inwardly seethe with anger and say, “I don’t understand why God doesn’t do something to change this” or “I wish I’d never been born” (Job 3:11-13) or “I wish I were dead; I’m no good to God or anyone” (I Kings 1:19-4, 14).

     “Be still,” Pilgrim (I Kings 19:12; Ps. 46:10).

 

     Cease from your imaginations/speculations (II Cor. 10:5) and refocus upon the One Who endured more injustice and humiliation than we’ll ever know (Phil. 2:5-8; Heb. 5:7-8; 12:2).  Ever remember that it’s impossible to “know Him and the power of His resurrection” (Phil. 3:10a) without entering into “the fellowship of His sufferings, being made conformable unto His death” (Phil. 3:10b).  If we would “reign with Him, we must also suffer with Him” (II Tim. 2:12)—knowing that one day He will “give unto a crown of righteousness” (II Tim. 4:8) and say “Well done, good and faithful servant” (Mt. 25:21).

06/27/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: June 27, 2008 Soybeans Local Elevators: (Jun) EAST AR:  1505 to 1529 (NC) Summ. 1442 to 1468 River Elevators: (Jun) MISS: 1502 to 1563 ; AR & White 1517 to 1540 (NC) Summ. 1452 to 1480 Ark. Processor Bids: (Jun) 1520 to - - -  (NC) 1462 to 1467 Memphis:  (Jun) 1569 1/2 to 1576 1/2 (NC)  1479 1/2 to - - - Riceland Foods:  (Jul) Stuttgart 1520 ; Pendleton 1529 ; West Memphis 1549 Chicago Futures: Jul up 7 1/4 at  1581 1/2   Aug  up  4 3/4  at  1579   Sep down 4 1/2  at  1566 1/2   Nov down 2  at  1559 1/2   Nov '09 down 11  at  1477   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Corn and soybeans decided to coast into the weekend ahead of Monday’s planted acreage report. The report will be suspect because of flood and weather damage in the Midwest even though additional survey work is being done this week. However, it will be the best factual account for where we are in terms of planted acreage for corn and beans. This week’s move suggests higher price levels are certainly possible. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 658-666; River Elevators 649-691; Chicago Futures: Jul down  28 1/2  at  895 1/2    Sep down 30 3/4  at  912    Dec down  30 1/4  at  935 1/2    Mar '09 down  30 1/4  at  955 3/4    Jul '09 down  29 1/4  at  969 3/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  1116 to 1142; Bids to farmers at River Elevators 1127-1188; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   724 3/4 to 729 3/4;   new crop at Memphis   707 3/4 to - - -; Bids to farmers at River Elevators  675 to 717 Chicago Futures: Jul up  1  at  754 3/4    Sep down  1/2  at  767 3/4    Dec down  1  at  787    Dec '09 down  9  at  677    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat gave back all of yesterday’s big gains despite the fact that harvest in the Plains is creeping along. Cool, wet weather, along with delaying harvest, is thought to be causing damage to the crop as well. Keeping things in check is a new world crop estimate from the International Grains Council. They now say that a record 658 million metric tons will be produced this year. Cotton & Rice  Date: June 27, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis down 29 at  7011   Greenwood down  29 at 7011 New York Futures: Jul down  98  at  7311    Dec down  52  at  8125    Mar '09 down  59  at  8667    May '09 down  35  at  8838    Jul '09 down  18  at  8956  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton turned lower with December charting an outside day lower. The market has uptrending support around 80 cents, though. The market will be looking for Monday’s planted acreage number. Reports suggest it will be well below 9 million acres and weather conditions have also certainly reduced yield potential in Texas. This should help reduce the overall supply of U.S. cotton and lower potential 08/09 ending stocks. Cotton price levels will have to advance by year’s end in order to pull acreage from other crops. Rice Long Grain Cash Bid for  Jul 1794/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jul down  31  at  1869    Sep down  18  at  1847    Jan '09 down  18  at  1900    Mar '09 down  18  at  1930    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice continued to move lower. Next week’s planted acreage report should indicate a small increase above intentions. However, overall stocks will remain tight with current projections indicating only 17 million cwt to be carried over in 08/09. Production will be up from last year, but not a great deal. The international market remains somewhat volatile, but the market has settled out well below the panic price levels that prevailed in March and April. September futures have support around $18 and then at the late May low of $17.06. Cattle & Hogs  Date: June 27, 2008 Cattle As reported by Federal-State Market News, receipts were 9,470 head at sales in Arkansas this week.  Compared with last week, feeder steers sold $1-3 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 112.95 to - - -   500 to 550 lbs. 106.10 to - - -   600 to 650 lbs. 104.64 to - - -  Medium & Large Frame 2   400 to 450 lbs. 101.85 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 102.74 to - - -  Medium & Large Frame 2   400 to 450 lbs. 101.85 to - - - Slaughter Cows, Boners 49   to   57.50 Light Weight 35 to 40 Bulls, Yield Grade   1   1000   to   2100 lbs.   62   to   70, high dressing 70-73 Midwest Steers   n/a   at   - - -   to   - - - Panhandle Steers   were $5.50-4.50 higher   at   99.50   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 up 125 at 10510   Dec up 97 at 11455 Feeders: Aug up 27 at 11172   Oct up 30 at 11450 Cattle Comment Cattle futures turned higher. Cash price gains and improving product values were supportive. August has resistance at the contract high of $106.12. Hogs Peoria: were     steady   at   46.5   to   47 Chicago Futures: Aug up 2 at 7270   Oct down 10 at 7187 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures ended a bit higher. August has support at the chart gap below $71.50. Futures’ discount to cash was supportive. Poultry  Date: June 27, 2008 Eggs New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 98-102; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 94-102; Eastern Region Turkeys Hens: 8-16 lbs. 91-92 Toms: 16-24 lbs. 91-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was fair to moderate, best where needs increased for the holiday. Supplies of all sizes were sufficient to satisfy trade needs. In production areas, live supplies were moderate. Weights were mostly desirable. ---------------------------------------- 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

06/26/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: June 26, 2008 Soybeans Local Elevators: (Jun) EAST AR:  1497 to 1521 (NC) Summ. 1444 to 1470 River Elevators: (Jun) MISS: 1484 to 1556 ; AR & White 1509 to 1533 (NC) Summ. 1454 to 1482 Ark. Processor Bids: (Jun) 1512 to - - -  (NC) 1464 to 1469 Memphis:  (Jun) 1562 1/4 to 1569 1/4 (NC)  1476 1/2 to 1481 1/2 Riceland Foods:  (Jun) Stuttgart 1512 ; Pendleton 1521 ; West Memphis 1541 Chicago Futures: Jul up 36 3/4 at  1574 1/4   Aug  up  34 1/4  at  1574 1/4   Sep up 35  at  1562   Nov up 36 1/2  at  1561 1/2   Nov '09 up 29  at  1488   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment More rain in the Midwest and higher crude oil boosted soybeans and corn sharply higher. November and December corn hit new contract highs before backing off slightly at the close. Technically, the market has momentum that could mean further gains. Monday’s planted acreage report will be suspect because of flood and weather damage in the Midwest even though additional survey work is being done this week. However, it will be the best factual account for where we are in terms of planted acreage for corn and beans. This week’s move suggests higher price levels are certainly possible. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 686-698; River Elevators 678-719; Chicago Futures: Jul up  22 1/4  at  924    Sep up 22 1/2  at  942 3/4    Dec up  22  at  965 3/4    Mar '09 up  22 1/2  at  986    Jul '09 up  23 3/4  at  999    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  1114 to 1141; Bids to farmers at River Elevators 1125-1186; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   723 3/4 to 728 3/4;   new crop at Memphis   708 1/4 to - - -; Bids to farmers at River Elevators  674 to 716 Chicago Futures: Jul up  23 3/4  at  753 3/4    Sep up  23 3/4  at  768 1/4    Dec up  23  at  788    Dec '09 up  13  at  686    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures gapped higher today, with July finally moving above resistance at $9.13. Spillover from corn and soybeans certainly helped. A cool and wet weekend forecast for the Plains also helped, since it will delay harvest even further. Keeping things in check today was a new world crop estimate from the International Grains Council. They now say that a record 658 million metric tons will be produced this year. Cotton & Rice  Date: June 26, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 88 at  7039   Greenwood up  88 at 7039 New York Futures: Jul up  78  at  7376    Dec up  82  at  8190    Mar '09 up  58  at  8683    May '09 up  118  at  8873    Jul '09 up  111  at  8974  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton continued to firm after bouncing off trendline support around 79 cents yesterday. The market will be looking for Monday’s planted acreage number. Reports suggest it will be well below 9 million acres and weather conditions have also certainly reduced yield potential in Texas. This should help reduce the overall supply of U.S. cotton and lower potential 08/09 ending stocks. Cotton price levels will have to advance by year’s end in order to pull acreage from other crops. Rice Long Grain Cash Bid for  Jul 1825/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jul down  46  at  1900    Sep down  21  at  1865    Jan '09 down  19  at  1918    Mar '09 down  19  at  1948    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice was under pressure again today as market declined for the third consecutive day. Next week’s planted acreage report should indicate a small increase above intentions. However, overall stocks will remain tight with current projections indicating only 17 million cwt to be carried over in 08/09. Production will be up from last year, but not a great deal. The international market remains somewhat volatile, but the market has settled out well below the panic price levels that prevailed in March and April. September futures have support around $18 and then at the late May low of $17.06. Cattle & Hogs  Date: June 26, 2008 Cattle As reported by Federal-State Market News, receipts were 2,607 head at sales in Charlotte, Ratcliff & Green Forest.  Compared with last week, feeder steers sold mostly steady to $2 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 115.93 to - - -   500 to 550 lbs. 108.37 to - - -   600 to 650 lbs. 107.23 to - - -  Medium & Large Frame 2   400 to 450 lbs. 101.42 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 101.23 to - - -  Medium & Large Frame 2   400 to 450 lbs. 96.41 to - - - Slaughter Cows, Boners 49   to   56 Light Weight 35 to 40 Bulls, Yield Grade   1-2   1000   to   2100 lbs.   63   to   71, high dressing 71.05-80.50 Midwest Steers   remained   at   94   to   - - - Panhandle Steers   were steady to $1 higher   at   94   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 down 55 at 10385   Dec down 45 at 11357 Feeders: Aug down 110 at 11145   Oct down 110 at 11420 Cattle Comment Cattle futures were lower again today. Futures’ large premium to cash is certainly a limiting factor. Feeders were under pressure from sharply higher corn prices. Hogs Peoria: were     steady   at   46.5   to   47 Chicago Futures: Aug down 132 at 7267   Oct down 130 at 7197 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures posted sharp losses again and today’s move may signal a retest of support at the chart gap below $71.50. Weaker cash prices added pressure. Poultry  Date: June 26, 2008 Eggs New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 98-102; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 94-102; Eastern Region Turkeys Hens: 8-16 lbs. 91-92 Toms: 16-24 lbs. 91-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was fair to moderate best for holiday interest. Supplies of all sizes were usually sufficient to satisfy trade needs. In production areas, live supplies were moderate. Weights were mixed, but mostly desirable. ---------------------------------------- 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