Sunday, August 31, 2008

FWD: Morning Manna for Sept. 1 & 2

 
Samuel D. High
sdhigh@aristotle.net

 



-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Sun, 31 Aug 2008 19:15:05 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna for Sept. 1 & 2
 
HELLO AGAIN, FELLOW PILGRIM:
   As you know, Hurricane Gustav is bearing down on the Louisiana coastline and looks to be heading in a northwesterly direction, which would pass it directly over or very near to Coushatta.  This may result in a loss of power for a time; therefore, I'm sending you the "Morning Manna" for the next four days in two e-mails.  I apologize for this, but would rather do it this way than your not receiving them.
   Please remember Lousiana in your prayers, especially since it's only been three years ago when this state was hard-hit by Katrina.  Please pray that many folks will come to know Jesus as Savior and Lord during this time of upheaval in their lives.  And, please pray we'll be found faithful witnesses as we reach out to others in His Love.  God bless you.
   In Jesus' Faithful Love,
   Bro. Tom
 
Morning Manna (Sept. 1); BP: Jer. 17; RBTTY: I Cor. 1; Ps. 135-136
 

September 1                                                                                                           “For You Are My Praise”

 

“Heal me, O Lord, and I shall be healed; save me, and I shall be saved—for You are my praise.”

                                                                                                                                                 Jeremiah 17:14

The world looks for its champions and heroes

Who are always larger-than-life—

Someone who’ll come to them in their hour of need

And deliver them from problems and strife.

 

They applaud the swift and glorify the strong

In their lusts of the eyes and flesh;

They’ll heap on them prizes and praise,

As they cry, “Oh you—you’re really the best!”

 

But, soon those trophies will tarnish and rust

And men’s applause will so soon be gone;

And in their place will remain a great emptiness instead

As despair arises over injustice and wrong.

 

That’s why we must cry with all of our hearts

“Heal me, O Lord, and I shall be healed”—

For only Christ, the Great Physician of men,

Can ensure our victory will be sealed.

 

To Him alone we must cry “Save me,”

For others’ arms of flesh will surely fail;

It’s only when we place our trust in God

That we escape death and the pits of hell.

 

Yes, only in Jesus, God’s only Son

Do we find healing without and within—

For only He can heal a broken heart

And forgive us of all our sins.

 

Only in Christ can our burdens be lifted

And only in Him do we find faith’s song;

It’s only by placing our trust in Him

That we find hope when all has gone wrong.

 

So, do not look to others for help

Or trust in the treasures of men—

For they’ll always fail in the dark night of the soul;

Instead, look to Jesus, the One Whom God did send.

                                                                                                --Tom Smith

 

 

Morning Manna (Sept. 2); BP: Jer. 18; RBTTY: I Cor. 12; Ps. 135-136

 

September 2                                                                                                          “The Potter and the Clay”

 

“The Word, which came to Jeremiah from the Lord, saying, ‘Arise and go down to the potter’s house and there I will cause you to hear My words. . .O house of Israel, cannot I do with you as this potter?’ says the Lord.  Behold, as the clay is in the potter’s hand, so are you in My Hand, O house of Israel.”

                                                                                                                                            Jeremiah 18:1-2, 6

     Availability and pliability are all that He requires.

     Clay.

     “A fine-grained, earthy material that is plastic when wet and hardens when heated, consisting primarily of silicates of aluminum and widely used in making bricks, tiles and pottery.”

     That’s the definition the dictionary gives for this sedimentary material.  However, today’s Manna shows that it’s also a beautiful illustration of a spiritual truth and how the Lord God is the Potter and we are to be His clay on His Potter’s Wheel if we are to be “a vessel of honor, sanctified and fit for the Master’s use and prepared unto every good work” (II Tim. 2:21).

 

     When God created Adam “from the dust of the earth and breathed into him the breath of life and he became a living soul” (Gen. 2:7), He essentially was making him an animated, eternal “clay cookie man,” whose whole life is dependent upon Him.  Likewise, it’s only when the Father’s “most precious treasure inhabits our cracked-pots of clay” (II Cor. 4:7) that we have worth.  And, when we realize this same God has a beautiful plan for our lives (Ps. 139:14-18; Jer. 29:11; 33:3) and “even before the foundation of the world He created us to be His Christ-classic workmanship unto good works” (Eph. 2:10), we cannot help but bow our heads, bend our knees, raise our hands upward and sing, “Praise God from Whom all blessings flow.”

 

     Oh, dear Pilgrim, how wonderful to see the Gospel contained in today’s Manna, even though it was written long before Christ’s arrival in this world.  The vessel the potter was making on the potter’s wheel that day “was marred.”  Was there hidden debris in the clay that was exposed as the potter shaped it?  Was there a weak spot in the clay that gave way under the heat of his hand?

 

     We’re not told—and, in reality, it doesn’t matter.

     What does matter is that the potter didn’t toss the marred vessel out onto the garbage heap at the first sign of imperfect; instead, he “reshaped the vessel into that which seemed good to him to make it” (v.4).  And, it was at that moment in the earthly “Parable of the Potter and the Clay” that God said to Jeremiah, “Cannot I do the same with you, O Israel?  As the clay is in the potter’s hand, so are you in My Hand, O house of Israel.”  Hallelujah!!

 

     How wonderful to know that the Heavenly Father specializes in “marred vessels” and lovingly transforms us by His grace into what He’d have us to be if we’ll but trust Him (II Cor. 5:17).  May today be the time when the Holy Spirit helps us share that Good News with someone else who feels like they’re worthless and useless to God.

 

Saturday, August 30, 2008

FWD: Morning Manna (Aug. 31); BP: Jer. 17; RBTTY: I Cor. 11:17-34; Ps.

 
Samuel D. High
sdhigh@aristotle.net

 



-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Sat, 30 Aug 2008 16:19:27 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (Aug. 31); BP: Jer. 17; RBTTY: I Cor. 11:17-34; Ps.
 

August 31                                                                                               “Our Physician, Provider and Praise”

 

“Heal me, O Lord, and I shall be healed; save me, and I shall be saved—for You are my praise.”

                                                                                                                                                     Jeremiah 17:14

     Remembering this will keep us from disillusionment and despair.

     In whom or what are you trusting today, Pilgrim?  On what or whom are you depending to be there when you need it/him?  In reality, that’s what today’s Manna is reminding us to ask ourselves.

 

     Look at the words again:

     Heal me, O Lord, and I shall be healed.”  King Asa was a Godly king who “did that which was good and right in the eyes of the Lord his God” (II Chron. 14:2).  He “took away the altars of the strange gods and the high places, broke down the images and cut down the groves and commanded Judah to seek the Lord God of their fathers and do the law and the commandment” (vv.3-4). 

 

     Later on, when they came up against the mighty Ethiopians, Asa “cried unto the Lord, his God, and said ‘Lord, it is nothing with You to help, whether with many or with them that have no power; help us, O Lord, our God—for we rest on You and in Your Name we go against this multitude.  O Lord, You are our God’” (II Chron. 14:9-11).  And, the Lord “smote the Ethiopians before Asa and they fled” (v.12).

 

     Yet, later on Asa was “diseased in his feet and his disease was exceedingly great; yet, in his disease he sought not to the Lord, but to the physicians.  And Asa slept with his fathers and died in the 41st year of his reign” (II Chron. 16:12-13).  Oh how important to say to our Great Physician, “Heal me, O Lord, and I shall be healed.”

 

     Likewise, we should also cry, “Save me, O Lord, and I shall be saved—for You are my praise.”  Too often we run to “arms of flesh,” begging their assistance and consolation when things are going bad.  But, in so doing, we make them “surrogate saviors” or “counterfeit christs,” who lack the foreknowledge, ability or willingness to aid us in the right way.

 

     And, in going to them first, instead of the Lord (Mt. 6:33), we wound His Holy Heart and basically say, “I know You’re able (but I’m not sure You’re willing)” or “I know You said You’d supply all of my needs, BUT I still think we’ve got to look out for ourselves.”  How utterly tragic!

 

     Dear Pilgrim, how it thrills our Heavenly Father’s heart when we run to Him at the first sign of danger!  How it delights Him when we “cast on Him all of our cares” instead of calling up several friends and expecting them to ease our troubled minds and burdened hearts.

 

     He is able,” dear one—and He is willing.”  And, above all He is faithful (I Cor. 10:13).  So, cry out to Him even now and say “You are my Praise and my Portion, O Lord, and I will trust in no other” (Ps. 16:5;  73:26; 119:57).  Hallelujah!!

Friday, August 29, 2008

08/29/2008 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: August 29, 2008

Due to the Labor Day holiday, the Farm Bureau Market Report will resume on Tuesday, September 2.

Soybeans

Local Elevators:
(Aug) EAST AR:  n/a to - - -
(NC) Summ. 1216 to 1258
River Elevators:
(Aug) MISS: 1274 to 1294 ; AR & White 1247 to 1260
(NC) Summ. 1229 to 1275
Ark. Processor Bids: (Aug) n/a to - - -  (NC) 1246 to 1254
Memphis:  (Aug) 1271 to 1289 (NC)  1269 to 1276
Riceland Foods:  (Oct/Nov) Stuttgart - - - ; Pendleton - - - ; West Memphis - - -

Chicago Futures: Sept down 1/2 at  1332
  Nov  unchanged  at  1324
  Jan 09 up 1/4  at  1341 1/2
  Mar 09 unchanged at  1353 3/4
  Nov 09 up 2 1/2  at  1301
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans traded to the positive side most of the day, before ending the session narrowly mixed. The question before the house is how much help this week’s rain in the upper Midwest will be. It is really a question of how far reaching it was. On the other hand, hurricane watches are in effect for the mid-south and southeast. Recent heavy rains have already delayed harvest. That and tight farmer holding has boosted the Gulf basis as the market attempts to pry old crop supplies out of the grain bins. Current trading range is $11.74 to $13.70.

Wheat
Cash bid for August at Memphis  571 1/4 to 578 1/4;

Bids to farmers at Local Elevators 546;
River Elevators 523-579;

Chicago Futures: Sept down  9 3/4  at  779 1/4 
  Dec down 9 3/4  at  801 1/4 
  Mar 09 down  9 1/2  at  825 1/4 
  May 09 down  9 3/4  at  839 1/2 
  July 09 down  9 1/4  at  850 1/2 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for August at Memphis  898 to 902;

Bids to farmers at River Elevators 788-904;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for August at Memphis   543 to 550 1/4;
  New crop at Memphis   n/a to - - -;
Bids to farmers at River Elevators  517 to 541

Chicago Futures: Sept down  1 3/4  at  568 1/4 
  Dec down  2 3/4  at  585 
  Mar 09 down  2 3/4  at  604 
  Dec 09 down  3 3/4  at  620 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Corn made solid early gains, but closed mostly lower, but still has a potential head and shoulders bottom forming. The market can still move another 20 cents lower, (support is located at $5.63) before moving higher. Wheat futures continued to work lower as world supply estimates move higher. More telling is the very wide Gulf basis which indicated U.S. futures are overpriced relative to other wheat. Next support is $7.75.



Cotton & Rice  Date: August 29, 2008


Cotton

Spot Price, Grade 41 Staple 34: Memphis up 37 at  6278
  Greenwood up  37 at 6278

New York Futures: Oct up  37  at  6753 
  Dec up  42  at  6978 
 Mar 09 up  39  at  7438 
 May 09 up  31  at  7638 
 July 09 up  32  at  7831 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton futures closed well below early morning highs. While there is concern about potential damage from Hurricane Gustav that is being buffered by big existing stocks. Longer term, any cut in this year’s production will tighten stocks next year. For now, resistance at 71 cents and support at 67 cents are the market extremes. A close outside either would indicate further movement in that direction.

Rice

Long Grain Cash Bid for  n/a - - -  to  - - -
  n/a - - -  to  - - -

Chicago Futures: Sept up  61  at  1890 
 Nov up  48  at  1897 
 Jan 09 up  50  at  1929 
 Mar 09 up  50  at  1957 
 - - -   - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice resumed the sharp uptrend of the last two weeks, by closing sharply higher ahead of a 3 day holiday weekend. No doubt the market has concern about this year’s crop and the potential impact of Hurricane Gustav if it hits in Louisiana and move up through the Delta. The improvement in U.S. futures is counter to what is being seen in international markets where the market is steady at best. However, that situation should be stabilizing and perhaps improving. The U.S. harvest is moving slowly with much of the Arkansas crop running somewhat behind normal. That has likely provided support to the market over the last several weeks.



Cattle & Hogs  Date: August 29, 2008

Cattle
As reported by Federal-State Market News, receipts were 7,250 head at sales in Arkansas this week.  Compared with last week, feeder steers sold $1 to $5 higher .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 127.04 to - - -
  500 to 550 lbs. 107.81 to - - -
  600 to 650 lbs. 104.27 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 108.68 to - - -

Heifers:
 Medium & Large Frame 1   500 to 550 lbs. 99.69 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 96.72 to - - -

Slaughter Cows, Boners 50   to   57
Light Weight 37 to 42
Bulls, Yield Grade   1   1000   to   2100 lbs.   64   to   69
Midwest Steers   were unavailable   at   - - -   to   - - -
Panhandle Steers   were unavailable   at   - - -   to   - - -

Oklahoma City Feeders
Steers 500 to 550 lbs. 114 to 125
  550 to 600 lbs. 109 to 125
Heifers 500 to 550 lbs. 99 to 116
  550 to 600 lbs. 98 to 113

Chicago Futures:
Live Cattle: Oct up 22 at 10405
  Dec up 52 at 10640
Feeders: Oct up 52 at 11095
  Nov up 40 at 11027

Cattle Comment
Cattle futures were slightly higher at the end of today’s trading session. Uncertainty about beef demand following Labor Day has weighed on the market this week. Market ready supplies of cattle are expected to tighten in the near term, but the real determining factor may be heavy competition from pork. Either pork or beef could be featured items next week. Live cattle futures are trying to hold support just under $104. November feeders are holding just above $109.

Hogs
Peoria: were $1.50 to $2.50     lower   at   47.5   to   48

Chicago Futures: Oct down 10 at 6842
  Dec up 60 at 6955

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

Hogs Comment
Hog futures were mostly higher for the day as traders took end of month profits. Upside potential is limited by heavy supplies of pork and weak wholesale values.



Poultry  Date: August 29, 2008

Eggs

New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 95-99;
Chicago:  Ex. Lg. 117-125; Lg. 115-123; Med. 80-88;

Eastern Region Turkeys
Hens: 8-16 lbs. 97-100
Toms: 16-24 lbs. 97-100
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was steady to barely steady. Demand entering the extended holiday weekend was light to fair with interest not meeting expectations. Trading was limited. Supplies of all sizes were more than sufficient to satisfy trade needs. Schedules were mixed with some plants down Monday in observance of the holiday, and spot locations running tomorrow. Plants are taking a wait and see attitude for next week due to predicted storms that may affect some areas along the Gulf Coast. In productions areas, live supplies were moderate at mostly desirable weights.

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All rights reserved
Terms of Use

Thursday, August 28, 2008

08/28/2008 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: August 28, 2008

Soybeans

Local Elevators:
(Aug) EAST AR:  n/a to - - -
(NC) Summ. 1216 to 1258
River Elevators:
(Aug) MISS: 1274 to 1294 ; AR & White 1247 to 1260
(NC) Summ. 1229 to 1275
Ark. Processor Bids: (Aug) n/a to - - -  (NC) 1246 to 1254
Memphis:  (Aug) 1289 to 1295 (NC)  1274 to 1279
Riceland Foods:  (Oct/Nov) Stuttgart n/a ; Pendleton - - - ; West Memphis - - -

Chicago Futures: Sept down 15 1/2 at  1332 1/2
  Nov  down  24  at  1324
  Jan 09 down 23 3/4  at  1341 1/4
  Mar 09 down 23 1/4  at  1353 3/4
  Nov 09 down 22  at  1298 1/2
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans were hit by weather induced selling as good rain fell across the upper Midwest. While dry pockets remain this could be a real positive yield factor as others are expected to get rain today and tomorrow. While November penetrated support at the bottom of a two week congestion area. However, the market closed above that support and we could see sideways movement going into the 3 day holiday weekend. November’s failure to move above $13.70 on 3 separate occasions suggests this is a temporary top. Corn also lost ground. December continues to look as if a head and shoulders bottom is forming. If that’s the case, the market can still work 20 or 25 cents lower, before turning higher.

Wheat
Cash bid for August at Memphis  581 to 589;

Bids to farmers at Local Elevators 556;
River Elevators 533-589;

Chicago Futures: Sept down  13 3/4  at  789 
  Dec down 14 3/4  at  811 
  Mar 09 down  14 1/2  at  834 3/4 
  May 09 down  14 3/4  at  849 1/4 
  July 09 down  13 3/4  at  859 3/4 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for August at Memphis  907 to 912;

Bids to farmers at River Elevators 775-891;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for August at Memphis   547 3/4 to 562;
  New crop at Memphis   n/a to - - -;
Bids to farmers at River Elevators  518 to 542

Chicago Futures: Sept down  7 1/2  at  570 
  Dec down  8 1/4  at  587 3/4 
  Mar 09 down  8 1/4  at  606 3/4 
  Dec 09 down  8 1/4  at  623 3/4 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat prices continued their downward slide today. Good weather in the Southern Hemisphere may force the already record wheat production forecast even higher. U.S. Soft Red Wheat Exports continue to lag year ago levels as outstanding sales are less than two-thirds what they were a year ago. December wheat appears headed toward support at $7.75.



Cotton & Rice  Date: August 28, 2008


Cotton

Spot Price, Grade 41 Staple 34: Memphis down 129 at  6241
  Greenwood down  129 at 6241

New York Futures: Oct down  129  at  6716 
  Dec down  127  at  6936 
 Mar 09 down  138  at  7399 
 May 09 down  129  at  7607 
 July 09 down  127  at  7799 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton reversed yesterday’s gains, again failing to move above 71 cents, and then closed sharply lower. Weather in the immediate future may determine which direction the market moves in the short term. However, cotton appears to still be underpriced relative to grains, which means price will have to improve or more acres will move to corn or soybeans. Another acreage cut would mean very tight supplies with the 08/09 carryover now projected to be just 4.6 million bales.

Rice

Long Grain Cash Bid for  n/a - - -  to  - - -
  n/a - - -  to  - - -

Chicago Futures: Sept down  at  1829 
 Nov down  at  1849 
 Jan 09 down  at  1879 
 March 09 down  at  1907 
 - - -   - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice traded in a narrow range before closing a little lower for the day. In light of the downturn in beans and grains, rice held its own. Technically the market is overbought and due a downward correction. The improvement in U.S. futures is counter to what is being seen in international markets where the market is steady at best. However, that situation should be stabilizing and perhaps improving. The U.S. harvest is moving slowly with much of the Arkansas crop running somewhat behind normal. That has likely provided support to the market over the last several weeks.



Cattle & Hogs  Date: August 28, 2008

Cattle
As reported by Federal-State Market News, receipts were 2195 head at sales in Charlotte, Ratcliff and Green Forest.  Compared with last week, feeder steers sold steady to $2 higher, heifers sold near steady .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 119.75 to - - -
  500 to 550 lbs. 108.35 to - - -
  600 to 650 lbs. 109.20 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 111.40 to - - -

Heifers:
 Medium & Large Frame 1   500 to 550 lbs. 101.06 to - --
 Medium & Large Frame 2   600 to 650 lbs. 101.15 to - - -

Slaughter Cows, Boners 49   to   55
Light Weight n/a to - - -
Bulls, Yield Grade   1   1000   to   2100 lbs.   63.50   to   69.50
Midwest Steers   were $2 higher   at   99   to   - - -
Panhandle Steers   were $2 higher   at   99   to   - - -

Oklahoma City Feeders
Steers 500 to 550 lbs. 124 to 126
  550 to 600 lbs. 112.50 to 116
Heifers 500 to 550 lbs. 109.50 to - - -
  550 to 600 lbs. 107.50 to 112

Chicago Futures:
Live Cattle: Oct up 5 at 10382
  Dec up 65 at 10587
Feeders: Oct steady 0 at 11042
  Nov down 12 at 10987

Cattle Comment
Cattle prices posted modest gains today. Prices continue to find support around the 103 mark. Given the continued tightening of supplies it may be difficult for prices to drop much below support levels.

Hogs
Peoria: were $3.50 to $4.50     lower   at   49.5   to   50

Chicago Futures: Oct down 197 at 6852
  Dec down 175 at 6895

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

Hogs Comment
Hog prices continue their downturn today. Declines stopped just short of the previous market low of 68.50. If prices were to break this level tomorrow the next support level would be the contract low of 64.20.



Poultry  Date: August 28, 2008

Eggs

New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 95-99;
Chicago:  Ex. Lg. 117-125; Lg. 115-123; Med. 80-88;

Eastern Region Turkeys
Hens: 8-16 lbs. 97-100
Toms: 16-24 lbs. 97-100
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was steady. Demand approaching the weekend was fair at best but slightly better to cover holiday and first of the month needs. Supplies of all sizes were at least adequate to satisfy trade needs. In production areas, live supplies were moderate with mostly desirable weights.

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

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

Wednesday, August 27, 2008

08/27/2008 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: August 27, 2008

Soybeans

Local Elevators:
(Aug) EAST AR:  n/a to - - -
(NC) Summ. 1240 to 1282
River Elevators:
(Aug) MISS: 1298 to 1318 ; AR & White 1271 to 1284
(NC) Summ. 1253 to 1299
Ark. Processor Bids: (Aug) n/a to - - -  (NC) 1270 to 1278
Memphis:  (Aug) 1303 to 1323 (NC)  1298 to 1303
Riceland Foods:  (Aug) Stuttgart 1278 ; Pendleton 1282 ; West Memphis 1299

Chicago Futures: Sep up 10 1/2 at  1348
  Nov  up  3 1/2  at  1348
  Jan '09 up at  1365
  Mar '09 up 1 1/4  at  1377
  Nov '09 down 12  at  1320 1/2
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans reversed early gains, trading sharply lower, before closing slightly higher. Tight supplies of soybeans, a later harvest and disruption in large traffic on the Mississippi have boosted the gulf basis to a positive dollar and ten cents. Technically, November beans have failed to move above $13.70, three times in the past week. This could be a near term top. Corn also traded lower after a strong opening, but ended the day a little higher. Trading may be mostly sideways the next two days ahead of a 3 day weekend.

Wheat
Cash bid for August at Memphis  588 3/4 to 597 3/4;

Bids to farmers at Local Elevators 570;
River Elevators 547-603;

Chicago Futures: Sep down  27 3/4  at  802 3/4 
  Dec down 28 3/4  at  825 3/4 
  Mar '09 down  29  at  849 1/4 
  May '09 down  29 1/4  at  864 
  Jul '09 down  27 1/2  at  873 1/2 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for August at Memphis  904 to 921;

Bids to farmers at River Elevators 789-905;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for August at Memphis   556 1/2 to 562 1/2;
  new crop at Memphis   n/a to - - -;
Bids to farmers at River Elevators  525 to 549

Chicago Futures: Sep up  2 1/4  at  577 1/2 
  Dec up  at  596 
  Mar '09 up  1 1/2  at  615 
  Dec '09 up  at  632 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat continued the downturn of the last week, pressured by prospects of a big world crop. Potentially improving weather in Australia and Argentina added to the pressure of a stronger dollar. December traded through support at $8.40 and appears to be headed toward the previous low at $7.75.



Cotton & Rice  Date: August 27, 2008


Cotton

Spot Price, Grade 41 Staple 34: Memphis up 118 at  6370
  Greenwood up  118 at 6370

New York Futures: Oct up  116  at  6843 
  Dec up  117  at  7063 
 Mar '09 up  108  at  7539 
 May '09 up  124  at  7760 
 Jul '09 up  117  at  7926 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton touched resistance at 71 cents, and ended the session with good gains. Concern about Hurricane Gustav hitting a vulnerable Southern crop provided support. Cotton appears to still be underpriced relative to grains, which means price will have to improve or more acres will move to corn or soybeans. Another acreage cut would mean very tight supplies with the 08/09 carryover now projected to be just 4.6 million bales.

Rice

Long Grain Cash Bid for  n/a - - -  to  - - -
  n/a - - -  to  - - -

Chicago Futures: Sep down  13  at  1834 
 Nov down  14  at  1855 
 Jan '09 down  15  at  1883 
 Mar '09 down  13  at  1911 
 - - -   - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice failed to hold early gains and closed lower after 6 straight days of gains. Technically the market is overbought and due a downward correction. The improvement in U.S. futures is counter to what is being seen in international markets where the market is steady at best. However, that situation should be stabilizing and perhaps improving. The U.S. harvest is moving slowly with much of the Arkansas crop running somewhat behind normal. That has likely provided support to the market over the last several weeks.



Cattle & Hogs  Date: August 27, 2008

Cattle
As reported by Federal-State Market News, receipts were 1,307 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold steady to $3 higher .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 116.89 to - - -
  500 to 550 lbs. 110.11 to - - -
  600 to 650 lbs. 106.88 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 101.04 to - - -

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 99.65 to - - -
 Medium & Large Frame 2   400 to 450 lbs. 93.19 to - - -

Slaughter Cows, Boners 53   to   58
Light Weight 35 to 39
Bulls, Yield Grade   1   1000   to   2100 lbs.   67   to   73.50, high dressing 78
Midwest Steers   were quoted   at   97   to   - - -
Panhandle Steers   were quoted   at   97   to   - - -

Oklahoma City Feeders
Steers 550 to 600 lbs. 113.25 to 119
  600 to 650 lbs. 114.25 to 117
Heifers 500 to 550 lbs. 107.50 to 113.50
  600 to 650 lbs. 101 to 104.25

Chicago Futures:
Live Cattle: Oct down 197 at 10377
  Dec down 200 at 10522
Feeders: Oct down 117 at 11042
  Nov down 110 at 11000

Cattle Comment
Cattle followed hogs lower, as pork and beef compete with poultry at the meat counter. Large supplies of pork will weigh on beef and could provide the impetus necessary to push October futures through support just under $104.

Hogs
Peoria: were $2     lower   at   53.50   to   54

Chicago Futures: Oct down 300 at 7050
  Dec down 300 at 7070

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

Hogs Comment
Hog futures gapped below trendline support and closed sharply lower for the day. Lower cutout values contributed to the weaker undertone. The next support for October futures is about $2 lower at $68.50.



Poultry  Date: August 27, 2008

Eggs

New York:  Ex. Lg. 130-134; Lg. 128-132; Med. 93-97;
Chicago:  Ex. Lg. 117-125; Lg. 115-123; Med. 80-88;

Eastern Region Turkeys
Hens: 8-16 lbs. 97-100
Toms: 16-24 lbs. 97-100
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was cautiously steady. Demand was mostly fair with trading usually limited to regular commitments. Supplies of all sizes were more than sufficient to satisfy trade needs. In production areas, live supplies were moderate with mostly desirable weights.

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