07/31/2008 Farm Bureau Market Report

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Grain & Soybean Date: July 31, 2008 Soybeans Local Elevators: (July) EAST AR:  - - - to - - - (NC) Summ. 1296 to 1326 River Elevators: (July) MISS: 1319 to 1350 ; AR & White 1321 to 1327 (NC) Summ. 1297 to 1343 Ark. Processor Bids: (July) - - - to - - -  (NC) 1321 to 1322 Memphis:  (July) 1359 to 1365 3/4 (NC)  1344 to 1349 Riceland Foods:  (Oct/Nov) Stuttgart 1322 ; Pendleton 1326 ; West Memphis 1343 Chicago Futures: Aug up 1 3/4 at  1395 3/4   Sept  down  1 1/4  at  1394 1/4   Nov down 1  at  1404   Jan 09 down 3/4  at  1422   Nov 09 up 11 1/2  at  1401 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans closed narrowly mixed while corn was pushed sharply lower. Hot weather across the Midwest is a major factor, with more concerns for soybeans than corn. Soybeans appear to be in a sideways consolidation mode – moving between $13.40 and $14.15. Corn is again testing support near $6. Wheat Cash bid for July at Memphis  593 3/4 to - - -; Bids to farmers at Local Elevators 541-549; River Elevators 533-574; Chicago Futures: Sept down  4  at  783 3/4    Dec down 3 3/4  at  808 3/4    March 09 down  4  at  831 3/4    May 09 down  3 1/4  at  846 1/2    July 09 down  3 3/4  at  857 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for new crop at Memphis  862 to - - -; Bids to farmers at River Elevators 764-871; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for July at Memphis   549 1/2 to 557 1/2;   New crop at Memphis   549 1/2 to 557 1/2; Bids to farmers at River Elevators  516 to 540 Chicago Futures: Sept down  14  at  587 1/2    Dec down  13 3/4  at  607 1/2    March 09 down  13 3/4  at  627 1/2    Dec 09 down  12  at  643    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat is attempting to hold support near $7.80, but a big world crop and indications exports will be down as much as 20% are weighing on the market. A move to $7.50 or lower appears probable. Cotton & Rice  Date: July 31, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 25 at  6640   Greenwood up  25 at 6640 New York Futures: Oct up  25  at  7165    Dec up  18  at  7450    March 09 up  20  at  7989    May 09 up  22  at  8160    July 09 up  24  at  8299  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton was a little higher for the day as the market remains in a tight consolidation pattern. Trade is expected to hold between 71 and 75 cents for the time being. Upside potential will be limited by big supplies until later in the marketing year. Rice Long Grain Cash Bid for  July 1700/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Sept down  4 1/2  at  1658    Nov down  2  at  1691    Jan 09 down  2  at  1722    March 09 down  2  at  1753    - - - down  - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice closed a little lower as the market remains very quiet just ahead of harvest. On the international side the Thai market is steady and a little on the quiet side after a brisk export season to this point. In Vietnam the market is relatively unsettled with the minimum export price being ignored. Rice seems to being taking its cue from other grains and that may be the case for a while. Cattle & Hogs  Date: July 31, 2008 Cattle As reported by Federal-State Market News, receipts were 1796 head at sales in Charlotte, Ratcliff and Green Forest.  Compared with last week, feeder steers sold mostly $4 to $5 higher, heifers sold $1 to $3 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 120 to - - -   500 to 550 lbs. 109.97 to - - -   600 to 650 lbs. 106.57 to - - -  Medium & Large Frame 2   400 to 450 lbs. 104.71 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 97.51 to - - -  Medium & Large Frame 2   400 to 450 lbs. 90.14 to - - - Slaughter Cows, Boners 50   to   57.50 Light Weight 42 to 45 Bulls, Yield Grade   1-2   1000   to   2100 lbs.   66.50   to   71 Midwest Steers   were steady to $2 higher   at   92   to   94 Panhandle Steers   were steady   at   92   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 117 to 126   550 to 600 lbs. 115 to 122 Heifers 500 to 550 lbs. 109 to - - -   550 to 600 lbs. 107.50 to 110 Chicago Futures: Live Cattle: Aug up 52 at 9840   Dec up 87 at 10902 Feeders: Aug up 127 at 11380   Oct up 180 at 11642 Cattle Comment Cattle were stronger again today as the market reacted to good export news. Feed lots are tight holders of cattle asking $97 to $98 while packers are offering $94 to $95. Prospects of tighter supplies this Fall is a supportive factor. Hogs Peoria: were     steady   at   51.5   to   52 Chicago Futures: Aug up 75 at 7962   Oct up 180 at 7435 Sheep St. Paul n/a   at   - - -   to   - - - Hogs Comment August hogs made strong technical gains but closed well off the day’s highs. Strong demand and a high composite value are helping offset an almost 10% increase in pork over this time last year. Poultry  Date: July 31, 2008 Eggs New York:  Ex. Lg. 105-109; Lg. 103-107; Med. 73-77; Chicago:  Ex. Lg. 84-92; Lg. 82-90; Med. 63-71; Eastern Region Turkeys Hens: 8-16 lbs. 94-96 Toms: 16-24 lbs. 94-96   Delmarva Broilers U.S. Grade A Trade sentiment was weak. Demand for late week business was slow to fair with trading usually confined to regular commitments. Supplies of all sizes were fully adequate to ample for light trade needs. In production areas, live supplies were moderate at desirable to heavy 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

My First 30 Days at American Farmland Trust

 

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	Dear Agriculture, Watch this video  to meet AFT's new president Jon Scholl. It is a great privilege and pleasure to join American Farmland Trust as the new president. I am proud to join AFT and continue this critical work toward positive change that is good for farms and ranches, good for the environment, and good for communities across the country.  From my involvement in my family’s farm in central Illinois where we grow corn, soybeans and, more recently, wind energy, to my 25 years of experience working with agriculture and environmental policy, I have spent much of my life working with agriculture to find solutions for pressing issues. I care deeply about the environment, about conservation of our natural resources, and protecting local farms and food for our future. I know there is much to do, and with your help we’ll continue to make significant progress. Please watch this video to learn more about what brought me to this position and my vision for American Farmland Trust’s future work.  As a valued supporter of AFT, you have been important in helping us make impressive gains in the protection and improvement of farm and ranch lands. It is an exciting time to be here, and I look forward to our work together. Thank you again for your support. Sincerely,   Jon Scholl President
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07/30/2008 Farm Bureau Market Report

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Grain & Soybean Date: July 30, 2008 Soybeans Local Elevators: (July) EAST AR:  1366 to - - - (NC) Summ. 1297 to 1327 River Elevators: (July) MISS: 1319 to 1348 ; AR & White 1319 to 1325 (NC) Summ. 1298 to 1344 Ark. Processor Bids: (July) - - - to - - -  (NC) 1322 to 1323 Memphis:  (July) 1349 to 1360 (NC)  1345 to - - - Riceland Foods:  (Oct/Nov) Stuttgart 1325 ; Pendleton 1327 ; West Memphis 1344 Chicago Futures: Aug up 3 3/4 at  1394   Sept  up  3 3/4  at  1395 1/2   Nov up 14  at  1405   Jan 09 up 14 1/2  at  1422 3/4   Nov 09 up 32  at  1390   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans and corn both made good gains based on the announcement that CRP ground would not be released without penalty. That means a possible 6 million acres or so won’t likely be available for the 09 crop. Stronger crude oil also provided support. Improving corn demand has been seen in recent days following the sharp price decline. Wheat Cash bid for July at Memphis  587 3/4 to 602 3/4; Bids to farmers at Local Elevators 545-578; River Elevators 522-578; Chicago Futures: Sept down  4 1/4  at  787 3/4    Dec down 4  at  812 1/2    March 09 down  4  at  835 3/4    May 09 down  4  at  849 3/4    July 09 down  4  at  861    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for new crop at Memphis  877 to 886; Bids to farmers at River Elevators 771-896; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for July at Memphis   563 1/2 to 566 1/2;   New crop at Memphis   563 1/2 to 571 1/2; Bids to farmers at River Elevators  530 to 554 Chicago Futures: Sept up  7 1/2  at  601 1/2    Dec up  7 3/4  at  621 1/4    March 09 up  7 3/4  at  641 1/4    Dec 09 up  19 1/2  at  655    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat was lower, reacting to declining crude oil prices and a strengthening dollar. As winter wheat harvest finishes, this looks to be a record year for wheat production, which should go a long ways towards replenishing stocks. Wheat prices continue to be supported by the funds who are slower to exit their wheat positions. September has support at $7.47 with resistance just under $8.60. Cotton & Rice  Date: July 30, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis down 26 at  6615   Greenwood down  26 at 6615 New York Futures: Oct down  26  at  7140    Dec down  16  at  7432    March 09 down  23  at  7969    May 09 down  14  at  8138    July 09 down  9  at  8275  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton was down slightly from yesterday and remains within a very tight trading range. Trade is expected to hold between 71 and 75 cents for the time being. Upside potential will be limited by big supplies until later in the marketing year. Rice Long Grain Cash Bid for  July 1700/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Sept down  1/2  at  1662 1/2    Nov up  5  at  1693    Jan 09 up  4  at  1724    March 09 up  4  at  1755    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice was a little higher in most contracts, but remains very quiet just ahead of harvest. On the international side the Thai market is steady and a little on the quiet side after a brisk export season to this point. In Vietnam the market is relatively unsettled with the minimum export price being ignored. Rice seems to being taking its cue from other grains and that may be the case for a while. Cattle & Hogs  Date: July 30, 2008 Cattle As reported by Federal-State Market News, receipts were 843 head at sales in Conway and Pocahontas.  Compared with last week, feeder steers under 400 lbs. sold firm to $3 higher, weighing over 400 lbs. steers sold $2 to $4 lower, heifers steady . Steers:  Medium & Large Frame 1   400 to 450 lbs. 109.09 to - - -   500 to 550 lbs. 104.90 to - - -   600 to 650 lbs. 100.81 to - - -  Medium & Large Frame 2   400 to 450 lbs. 97.04 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 94.83 to - - -  Medium & Large Frame 2   400 to 450 lbs. 87.19 to - - - Slaughter Cows, Boners 53   to   60 Light Weight 38 to 43 Bulls, Yield Grade   1   1000   to   2100 lbs.   69   to   74 Midwest Steers   were $2 lower   at   92   to   - - - Panhandle Steers   were steady   at   92   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 107 to 112   550 to 600 lbs. 113.50 to 121.50 Heifers 500 to 550 lbs. 108 to 111.50   550 to 600 lbs. 104.50 to 109.50 Chicago Futures: Live Cattle: Aug up 32 at 9787   Dec up 62 at 10815 Feeders: Aug up 25 at 11252   Oct up 75 at 11462 Cattle Comment Cattle futures were higher again today. Indications are that beef prices and cash cattle markets are bottoming and will begin to climb higher. Continued weakness in crude oil could keep a lid on prices since fund liquidation must follow. Hogs Peoria: were     steady   at   51.5   to   52 Chicago Futures: Aug up 85 at 7887   Oct up 30 at 7255 Sheep St. Paul n/a   at   - - -   to   - - - Hogs Comment Hog futures recovered a portion of yesterday’s big losses. This market has been sustained by strong exports and a stronger dollar and higher prices are now expected to decrease exports. Yesterday’s low of $71.35 becomes initial support for October. Poultry  Date: July 30, 2008 Eggs New York:  Ex. Lg. 103-107; Lg. 101-105; Med. 73-77; Chicago:  Ex. Lg. 84-92; Lg. 82-90; Med. 63-71; Eastern Region Turkeys Hens: 8-16 lbs. 93-95 Toms: 16-24 lbs. 93-95   Delmarva Broilers U.S. Grade A Georgia f.o.b. dock quoted price on broilers/fryers for next week’s trading declined .25 cents to 88.50 cents based on full truck load lots of ice-packed USDA grade “A” sized 2 ½ to 3 pound birds. This compares to 81.00 cents last year on August 1, 2007. ---------------------------------------- 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 (July 30); BP: Ps.119:169-176; RBTTY: Rom.2; Ps.51-53

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Tue, 29 Jul 2008 21:28:34 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (July 30); BP: Ps.119:169-176; RBTTY: Rom.2; Ps.51-53
 

July 30                                                                                                                                     “Right Speaking”

 

“My lips shall utter praise when You have taught me Your Statutes.  My tongue shall speak of Your Word—for all Your commandments are righteousness.”

                                                                                                                                              Psalm 119:171-172

     Although no one can “tame the tongue” (James 3:8), it can become a “treasured tool” when His “Hidden Treasure” (His Word) finds lodging in our heart and expression in our mouth.

     What would happen if we tape-recorded every word we speak in a day—every conversation with a co-worker. . .every exclamation in every traffic jam. . .every “idle word” said in jest or every heated word said in anger?  Why, we might take a needle and thread and sew our lips shut!

 

     Yes, we know the power of the tongue and our tendency to “bless God and curse men” (James 3:9).  We know this “ought not to be” (James 3:10b)—but, the sad reality is it’s so.  And, as Jesus said, “By your words you shall be justified and by your words you shall be condemned” (Mt. 12:37).

 

     That’s why today’s Manna is a clarion call for us to “study to show ourselves approved (Grk. ‘dokimos’—‘acceptable, tried and proved, pleasing, reputable, etc.’) unto God, a workman that needs not to be ashamed, rightly dividing (Grk. ‘orthotomeo’—‘to make a straight cut, dissect, to correctly expound a message, to lay bare with a single blow, etc.’) the Word of Truth” (II Tim. 2:15).

 

     Sadly, most professing “Pilgrims of the Way” are Biblically illiterate.  Instead of being “active practitioners of the Word” (James 1:22) they are “dull of hearing, lacking in skillful interpretation and application of the Word because of failure to spend time daily in the Word” (Heb. 5:11-14).

 

     Is it any wonder that we’re easy prey for the evil one when it comes to spiritual warfare (I Pet. 5:8)?  We’re “ignorant of His devices/traps/snares, etc.” (II Cor. 2:11) and easily succumb to our own “lust of the flesh, eyes and pride of life” (I Jn. 2:16).  And, like the children of Israel in the wilderness, we murmur and complain about this and that—forgetting that such is a sin against God Himself (Ex. 16:7-8; 14:27)—and end up hardening our hearts in the process (Heb. 3:7-11).

 

     Oh, dear Pilgrim, why not try a “Holy Experiment” today and see if you can go through the entire day “uttering praise” and willing your tongue “to speak of His Word”?  Impossible?  Maybe—but with a conscious effort we can “capture our thoughts and bring them under Jesus’ Lordship” (II Cor. 10:5) and do a better job of “bridling our tongue so we’ll offend less by what we say” (James 3:2).

 

     May our cry today be “O Lord, give me understanding according to Your Word (Ps. 119:169) and help me to long for Your salvation—for Your Law is my delight (Heb. ‘shua’—‘enjoyment, pleasure, etc.’).”  In so doing we’ll understand what it means to have “the tongue of the learned so we can speak a word in season to him that is weary” (Is. 50:4) and know when to speak and when to keep our mouths shut (Eccl. 3:7b).

07/29/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: July 29, 2008 Soybeans Local Elevators: (July) EAST AR:  1352 to - - - (NC) Summ. 1283 to 1313 River Elevators: (July) MISS: 1309 to 1338 ; AR & White 1309 to 1315 (NC) Summ. 1284 to 1330 Ark. Processor Bids: (July) - - - to - - -  (NC) 1308 to 1309 Memphis:  (July) 1339 1/4 to 1369 1/4 (NC)  1331 to - - - Riceland Foods:  (Oct/Nov) Stuttgart 1309 ; Pendleton 1313 ; West Memphis 1330 Chicago Futures: Aug down 16 at  1384 1/4   Sept  down  10  at  1386 1/4   Nov down 5  at  1391   Jan 09 down 5  at  1408 1/4   Nov 09 up 1 1/2  at  1358   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans were hit hard in the early going. Lower oil, a stronger dollar, and improving crop conditions contributed to a weaker start. This market has made an apparent top, but the fundamental situation should provide some support. This market is trying to recover from very low stock levels, so a big crop is key. Exports continue to come in above expectations as well. Corn recovered to show small gains going into the close. Wheat Cash bid for July at Memphis  592 to 597; Bids to farmers at Local Elevators 547-557; River Elevators 526-582; Chicago Futures: Sept down  5 3/4  at  792    Dec down 5 1/4  at  816 1/2    March 09 down  4  at  839 3/4    May 09 down  3 1/2  at  853 3/4    July 09 down  3 3/4  at  865    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for new crop at Memphis  863 to - - -; Bids to farmers at River Elevators 721-882; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for July at Memphis   554 to 559;   New crop at Memphis   554 to 564; Bids to farmers at River Elevators  523 to 547 Chicago Futures: Sept up  12  at  594    Dec up  12 1/4  at  613 1/2    March 09 up  12 3/4  at  633 1/2    Dec 09 up  12 1/4  at  635 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat was also lower, reacting to declining crude oil prices and a strengthening dollar. As winter wheat harvest finishes, this looks to be a record year for wheat production, which should go a long ways towards replenishing stocks. Wheat prices continue to be supported by the funds who are slower to exit their wheat positions. September has support at $7.47 with resistance just under $8.60. Cotton & Rice  Date: July 29, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 58 at  6641   Greenwood up  58 at 6641 New York Futures: Oct up  58  at  7166    Dec up  63  at  7448    March 09 up  63  at  7992    May 09 up  70  at  8152    July 09 up  76  at  8284  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton continued under pressure. The market is consolidating below 75.70 cents, and has for most of July. But, unless import movement improves this could just be a resting spot as the market moves lower to find buyers. Big ending stocks will offset this year’s smaller planting acreage and expected smaller crop. In the long run, cotton will have to be more competitive with soybeans and corn to garner more acreage. A projected reduction in stocks for the 08/09 marketing year should boost values later in the year. Rice Long Grain Cash Bid for  July 1800/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Sept down  17  at  1663    Nov down  19 1/2  at  1688    Jan 09 down  17 1/2  at  1720    March 09 down  16 1/2  at  1751    - - - unchanged  - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice movement was limited as the market continued in a consolidation pattern today. Declining Asian prices are having an impact, as is weakness in crude oil. As seen in other ag commodities, index funds are liquidating long positions. Price resistance from key importing nations is also keeping a lid on this market. November has support between $16.30 and $16.40. Cattle & Hogs  Date: July 29, 2008 Cattle As reported by Federal-State Market News, receipts were 303 head at sales in Fort Smith and Marshall.  Compared with last week, feeder steers sold near steady . Steers:  Medium & Large Frame 1   400 to 450 lbs. 114.01 to - -   500 to 550 lbs. 107.58 to - - -   600 to 650 lbs. 104.14 to - - -  Medium & Large Frame 2   400 to 450 lbs. 107.99 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 97.21 to - - -  Medium & Large Frame 2   400 to 450 lbs. 93.13 to - - - Slaughter Cows, Boners 54   to   61 Light Weight n/a to - - - Bulls, Yield Grade   1   1000   to   2100 lbs.   69   to   73.50 Midwest Steers   were steady to $1 lower   at   94   to   - - - Panhandle Steers   were $2 to $3 lower   at   92   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 107 to 112   550 to 600 lbs. 113.50 to 121.50 Heifers 500 to 550 lbs. 108 to 111.50   550 to 600 lbs. 104.50 to 109.50 Chicago Futures: Live Cattle: Aug up 47 at 9755   Dec up 62 at 10752 Feeders: Aug up 112 at 11227   Oct up 137 at 11387 Cattle Comment Cattle futures posted solid gains today. Indications are that beef prices and cash cattle markets are bottoming and will begin to climb higher. Continued weakness in crude oil could keep a lid on prices since fund liquidation must follow. Hogs Peoria: were 50¢ to $1.50     higher   at   51.5   to   52 Chicago Futures: Aug down 52 at 7802   Oct down 110 at 7225 Sheep St. Paul n/a   at   - - -   to   - - - Hogs Comment Hog futures turned lower. This market has been sustained by strong exports and a stronger dollar and higher prices are now expected to decrease exports. October could retest support around $68.40. Poultry  Date: July 29, 2008 Eggs New York:  Ex. Lg. 100-104; Lg. 98-102; Med. 73-77; Chicago:  Ex. Lg. 84-92; Lg. 82-90; Med. 63-71; Eastern Region Turkeys Hens: 8-16 lbs. 93-95 Toms: 16-24 lbs. 93-95   Delmarva Broilers U.S. Grade A Trade sentiment was barely steady to weak. Demand was light to moderate with trading usually limited to regular commitments. Supplies of all sizes were at least adequate and often discounted to help clear. 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

FWD: Morning Manna (July 29); BP: Ps. 119:161-168; RBTTY: Romans 1; Ps.

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Mon, 28 Jul 2008 19:38:28 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (July 29); BP: Ps. 119:161-168; RBTTY: Romans 1; Ps.
 

DEAR PILGRIM:

     Greetings once again in Jesus' Precious Name!  I do hope this finds you well and having been blessed by our Lord while I was out-of-pocket.  Many thanks to my brother, Lynn, for sending the "Morning Manna" out for me while I was gone.  May the Lord Jesus bless you in a beautiful way in the coming days.  God bless you.

   In Jesus' Precious Love,

   Bro. Tom

 

July 29                                                                                                                               “Hidden Treasure”

 

I rejoice at Your Word, as one that finds great spoil. . .Great peace have they who love Your Law—and nothing shall offend them.”

                                                                                                                                          Psalm 119:162, 165

     In Him we find eternal riches and a rejoicing that will last forever.

     When speaking to the multitudes, Jesus always spoke in parables (Mt. 13:34-35), which are “earthly stories with Heavenly meanings.”  In one He likened the Kingdom of Heaven to a man finding a hidden treasure in his field and how he “sold all he had so he could buy the field and make the treasure his own” (Mt. 13:44).

 

     Another time he compared the Kingdom to “a merchant man, seeking goodly (Grk. ‘kalos’—‘chief, extremely valuable, priceless, of infinite worth, etc.’) pearls, but one day found one pearl of great price and went, sold all that he had and bought it” (Mt. 13:45-46). 

 

     In both instances, the emphasis is upon how priceless God’s Kingdom life is in comparison to what the world has to offer.  And, in reality, that’s exactly what the author of today’s Manna was saying as he “rejoiced over God’s Word, even as one that finds great spoil.”  Or, another way to put it, his joy came when He sat down and meditated upon the Lord’s “Blessed Bounty.”  Hallelujah!!

 

     All around us today is nothing but “bad news.”  The economy’s the pits.  The weather’s foreboding.  The threat of terrorism is ever-present.  Relationships are fickle and fractured in this “It’s every man for himself” and “Survival of the fitness” world of ours.

 

     That’s why we must find our comfort and security in God’s Word—for only in it/Him do we find “great peace that comes to those who love His Law/Him.”  And, even though others may fail or disappoint us. . .leaving us reeling and almost down for the count. . . like the Phoenix from the ashes, we arise and say “I know in Whom I have believed—and I am persuaded that He is able to keep that which I’ve committed unto Him against that Day” (II Tim. 1:12).

 

     Only those who’ve “kept His Testimonies” know how precious God’s promises really are.  Only those whose “delight is in the Law of the Lord and in that Law he meditates day and night” (Ps. 1:2) can say “I love them exceedingly.”  And, only those who’ve spent time in secret, as the preacher of yore once said, “In a nook by the brook with the Book” can say “my heart stands in awe of Your Word” (v.161).

 

     All others will find God’s Word hard to understanding.  They’ll get hung up on all of the “begets”. . .who Cain married. . .Old Testament dietary laws. . .trying to decide if God meant six literal days or not when He created everything that is, etc., and miss the “eternal essence” and wondrous beauty of His Word.  That’s why we must daily “keep His Precepts and Testimonies ever before us” (v.168)—for only then can we rest assured we’re walking in His Will and according to His Word.

07/28/2008 Farm Bureau Market Report

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Grain & Soybean Date: July 28, 2008 Soybeans Local Elevators: (July) EAST AR:  1357 to - - - (NC) Summ. 1288 to 1314 River Elevators: (July) MISS: 1325 to 1364 ; AR & White 1335 to 1341 (NC) Summ. 1289 to 1331 Ark. Processor Bids: (July) N/A to - - -  (NC) 1310 to 1313 Memphis:  (July) 1385 1/4 to 1395 1/4 (NC)  1336 to - - - Riceland Foods:  (Oct/Nov) Stuttgart 1314 ; Pendleton 1318 ; West Memphis 1335 Chicago Futures: Aug up 1 1/2 at  1400 1/4   Sept  up  7 3/4  at  1396 1/4   Nov up 9 1/2  at  1396   Jan 09 up 9 1/4  at  1413 1/4   Nov 09 up 6  at  1356 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans were higher, but gains were less than expected. This market has made an apparent top, but the fundamental situation should provide some support. The condition of the crop is questionable, since many acres were planted (or replanted) late. This market is trying to recover from very low stock levels, so a big crop is key. Exports continue to come in above expectations as well. Lower crude oil and fund liquidation have been driving the market lower, however. Wheat Cash bid for July at Memphis  592 3/4 to 597 3/4; Bids to farmers at Local Elevators 553-563; River Elevators 532-588; Chicago Futures: Sept down  13 1/4  at  797 3/4    Dec down 12 3/4  at  821 3/4    March 09 down  11 1/4  at  843 3/4    May 09 down  11  at  857 1/4    July 09 down  13 1/2  at  868 3/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for new crop at Memphis  815 to 842; Bids to farmers at River Elevators 700-861; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for July at Memphis   542 to 547;   New crop at Memphis   542 to 547; Bids to farmers at River Elevators  519 to 534 Chicago Futures: Sept up  4 3/4  at  582    Dec up  4 3/4  at  601 1/4    March 09 up  4 3/4  at  620 3/4    Dec 09 up  3 1/4  at  623 1/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat gave up much of Friday’s gains. As winter wheat harvest finishes, this looks to be a record year for wheat production, which should go a long ways towards replenishing stocks. Wheat prices continue to be supported by the funds who are slower to exit their wheat positions. September has support at $7.47 with resistance just under $8.60. Cotton & Rice  Date: July 28, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis down 60 at  6583   Greenwood down  60 at 6583 New York Futures: Oct down  60  at  7108    Dec down  65  at  7385    March 09 down  66  at  7929    May 09 down  53  at  8082    July 09 down  42  at  8208  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton turned lower. The market is consolidating below 75.70 cents, and has for most of July. But, unless import movement improves this could just be a resting spot as the market moves lower to find buyers. Big ending stocks will offset this year’s smaller planting acreage and expected smaller crop. In the long run, cotton will have to be more competitive with soybeans and corn to garner more acreage. A projected reduction in stocks for the 08/09 marketing year should boost values later in the year. Rice Long Grain Cash Bid for  July 1800/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Sept up  8  at  1680    Nov up  7 1/2  at  1707 1/2    Jan 09 up  6 1/2  at  1737 1/2    March 09 up  6 1/2  at  1767 1/2    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice was higher today. Carryover strength from other grains gave rice a boost. Declining Asian prices are having an impact, as is weakness in crude oil. As seen in other ag commodities, index funds are liquidating long positions. Price resistance from key importing nations is also keeping a lid on this market. November has support between $16.30 and $16.40. Cattle & Hogs  Date: July 28, 2008 Cattle As reported by Federal-State Market News, receipts were 1455 head at sales in Ash Flat and Ola.  Compared with last week, feeder steers sold unevenly, steers week to $3 lower, heifers firm to $3 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 106.79 to - - -   500 to 550 lbs. 104.42 to - - -   600 to 650 lbs. 105.51 to - - -  Medium & Large Frame 2   400 to 450 lbs. 99.20 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 96.04 to - - -  Medium & Large Frame 2   400 to 450 lbs. 90.55 to - - - Slaughter Cows, Boners 50   to   57 Light Weight 38 to 44 Bulls, Yield Grade   1   1000   to   2100 lbs.   66   to   71 Midwest Steers   were steady to 50¢ higher   at   94   to   95 Panhandle Steers   were steady to $1 higher   at   94   to   95 Oklahoma City Feeders Steers 550 to 600 lbs. 117.25 to 121.50   600 to 650 lbs. 114 to 114.60 Heifers 500 to 550 lbs. 109.5 to 111.50   550 to 600 lbs. 109 to 109.50 Chicago Futures: Live Cattle: Aug down 75 at 9707   Dec down 40 at 10690 Feeders: Aug down 60 at 11115   Oct down 77 at 11250 Cattle Comment Cattle futures remain weak. Prices have been unable to show any follow through after last Thursday’s rally. Weak wholesale beef prices as well as fund liquidation are pressuring prices lower. Hogs Peoria: were 50¢ to $1.50     higher   at   50.5   to   51 Chicago Futures: Aug down 5 at 7855   Oct down 47 at 7335 Sheep St. Paul n/a   at   - - -   to   - - - Hogs Comment Hog futures ended the day mixed. While strong cash prices are supportive, increasing pork prices appear to be weakening demand. October has resistance at the recent high of $74.25. Poultry  Date: July 28, 2008 Eggs New York:  Ex. Lg. 97-101; Lg. 95-99; Med. 73-77; Chicago:  Ex. Lg. 84-92; Lg. 82-90; Med. 63-71; Eastern Region Turkeys Hens: 8-16 lbs. 93-95 Toms: 16-24 lbs. 93-95   Delmarva Broilers U.S. Grade A Trade sentiment was barely steady to weak. Demand was light to moderate with very light business following the weekend. Supplies of all sizes were fully sufficient with some discounting noted 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