03/31/2009 Farm Bureau Market Report

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Grain & Soybean Date: March 31, 2009 Soybeans Local Elevators: (Mar) EAST AR:  934 to 949 (NC) Summ. 812 to 837 River Elevators: (Mar) MISS: 942 to 969 ; AR & White 926 to 941 (NC) Summ. 824 to 857 Ark. Processor Bids: (Mar) 942 to 949  (NC) 832 to 837 Memphis:  (Mar) 964 to 967 (NC)  857 to - - - Riceland Foods:  (Mar) Stuttgart 949 ; Pendleton 949 ; West Memphis 969 Chicago Futures: May up 47 1/2 at  952   Jul  up  48 1/2  at  950 1/2   Sep up 52  at  906 1/2   Nov up 50  at  892   Jan '10 up 49 1/2  at  902   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans were sharply higher as the USDA planting intentions showed only 76 million acres. Pre-report estimates suggest over 79 million acres would go to soybeans this year. In addition the quarterly stocks report was well below year ago levels suggesting demand was better than thought. This also means demand will have to slow or ending stocks will be significantly lower than the current 185 million bushels projection. November should test resistance at recent highs of $9.13 and then $9.58 ½. We could see a bidding war between corn and beans in the next few weeks. Corn was higher despite projected plantings of 85 million acres. That is 1 million acres below last year, but above expectations. Quarterly stocks were up 100 million bushels from a year ago, but below pre report estimates. After brief sell off, corn rallied to close with solid gains. The soybean/corn price ratio continues to favor corn. No doubt weather conditions are also beginning to fuel the corn market. September could move toward resistance near $4.60. Wheat Cash bid for March at Memphis  465 3/4 to 472 3/4; Bids to farmers at Local Elevators 445-470; River Elevators 459-490; Chicago Futures: May up  20 1/4  at  532 3/4    Jul up 20  at  545 1/4    Sep up  18  at  569 1/2    Dec up  19  at  593 1/2    Mar '10 up  18 1/2  at  609    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for March at Memphis  598 to 603; Bids to farmers at River Elevators 503-583; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for March at Memphis   399 3/4 to - - -;   new crop at Memphis   384 to - - -; Bids to farmers at River Elevators  370 to 395 Chicago Futures: May up  18 1/2  at  404 3/4    Jul up  18  at  414 3/4    Sep up  18  at  424    Dec up  17 1/2  at  435 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures posted sharp gains even though today’s reports didn’t change the outlook all that much. The USDA total wheat acreage estimate came in within 200,000 acres of the average trade guess at 58.638 million acres. The stocks report showed more than 1 billion bushels on hand March 1, which wasn’t a surprising number. Cotton & Rice  Date: March 31, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 258 at  4222   Greenwood up  258 at 4222 New York Futures: May up  208  at  4647    Jul up  191  at  4735    Dec up  179  at  5156    Mar '10 up  180  at  5450    - - -   - - -  at  - - -  This week's LDP rate for cotton is  18.17 cents   The estimate for next week is  18.24 cents Cotton Comment Cotton made the biggest gain in several months despite planting intentions that exceeded expectations. USDA projected a ’09 crop of 8.81 million acres compared to 9.47 in ’08. Over 53% of the acreage will be in Texas, where drought conditions could lead to heavy abandonment. December closed above initial resistance and should test the next resistance at 52 cents. Longer term a move to early January high of 57.2 cents is possible. Rice Long Grain Cash Bid for  n/a - - -  to  - - -   n/a - - -  to  - - - Chicago Futures: May up  39 1/2  at  1241    Jul up  39 1/2  at  1264 1/2    Sep up  37 1/2  at  1212    Nov up  34  at  1224    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice plantings were projected 6% higher at 3.18 million acres. Arkansas and Missouri plantings were up 13% with 1.58 million acres projected for Arkansas. That included a 9% increase in long grain and a 60% increase to 160,000 acres of medium grain. Both old and new crop contracts moved higher despite the higher plantings intentions. May will likely test resistance around $13, while September could challenge the recent high at $12.30. Above that is resistance at $12.47 and $12.86. Cattle & Hogs  Date: March 31, 2009 Cattle As reported by Federal-State Market News, receipts were n/a head at sales in - - -.  Compared with last week, feeder steers sold steady to $3 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 110.75 to - - -   500 to 550 lbs. 102.25 to - - -   600 to 650 lbs. 92 to - - -  Medium & Large Frame 2   400 to 450 lbs. 99.50 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 99.75 to - - -  Medium & Large Frame 2   400 to 450 lbs. 83.25 to - - - Slaughter Cows, Boners 42   to   48 Light Weight 31 to 39 Bulls, Yield Grade   1   1000   to   2100 lbs.   54   to   60.50, high dressing 60.50-67.50 Midwest Steers   were $1 higher to $3 lower   at   81   to   - - - Panhandle Steers   n/a   at   - - -   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 109.25 to 112.50   600 to 650 lbs. 103 to 107.75 Heifers 500 to 550 lbs. 97.50 to 102.25   n/a to - - - lbs. - - - to - - - Chicago Futures: Live Cattle: Apr up 110 at 8392   Jun up 162 at 8170 Feeders: May up 120 at 9425   Sep up 110 at 9787 Cattle Comment Cattle futures ended higher on profit taking and carryover strength from outside markets. Demand concerns continue to plague the market. Retailers report it is difficult to keep beef moving through the pipeline. Heavier weight cattle are coming to market as well, meaning more choice cuts are available. Hogs Peoria: were     steady   at   34.5   to   35 Chicago Futures: Apr down 20 at 6035   Jun up 142 at 7240 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs posted gains as well, also supported by gains on Wall Street. A sharp drop in cutout values last week is expected to curtail packer demand. Poultry  Date: March 31, 2009 Eggs New York:  Ex. Lg. 120-124; Lg. 118-122; Med. 86-90; Chicago:  Ex. Lg. 103-111; Lg. 101-109; Med. 77-85; Eastern Region Turkeys Hens: 8-16 lbs. 74-77 Toms: 16-24 lbs. 74-77   Delmarva Broilers U.S. Grade A Trade sentiment was steady at best. Demand was no better than fair with limited trading. Supplies of all sizes were adequate to satisfy current trade requirements. In production areas, live supplies were moderate at mixed, but mostly desirable weights. ---------------------------------------- HOW TO UNSUBSCRIBE You are receiving this newsletter because you requested that your e-mail address be added to the Arkansas Farm Bureau Market Report. To unsubscribe or change your subscription information, go to http://www.arfb.com/commodity_marketing/email/ ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

03/30/2009 Farm Bureau Market Report

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Grain & Soybean Date: March 30, 2009 Soybeans Local Elevators: (Mar) EAST AR:  887 to 902 (NC) Summ. 762 to 787 River Elevators: (Mar) MISS: 917 to 995 ; AR & White 884 to 899 (NC) Summ. 774 to 807 Ark. Processor Bids: (Mar) 901 to 902  (NC) 782 to 787 Memphis:  (Mar) 914 1/2 to 919 1/2 (NC)  807 to - - - Riceland Foods:  (Mar) Stuttgart 902 ; Pendleton 902 ; West Memphis 922 Chicago Futures: May down 12 1/2 at  904 1/2   Jul  down  13 1/4  at  902   Sep down 17 1/4  at  854 1/2   Nov down 18 3/4  at  842   Jan '10 down 19  at  852 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans was hit by another round of selling ahead of tomorrow’s reports. A stronger $, weaker crude oil and sharp declines on Wall Street all weighed on the commodity markets, particularly soybeans. Early estimates for soybean plantings range from 75.9 million to 81.5 million acres, with an average of 79.3 million acres. Anything above the 79 to 80 million acre range is likely to push beans toward the recent low of $7.84. The market may have already accounted for this in recent days, as trading has certainly favored corn. Corn was just a little lower going into tomorrow’s report. The current price ratio of November beans to December corn is just over 2 to 1. Of course weather, plantings conditions and finance options will also figure into the final decision. But at current price levels corn comes out on top with respect to the bottom line. Wheat Cash bid for March at Memphis  447 1/2 to 449 1/2; Bids to farmers at Local Elevators 426-450; River Elevators 437-470; Chicago Futures: May up  5 1/4  at  512 1/2    Jul up 5 1/4  at  525 1/4    Sep up  5 3/4  at  551 1/2    Dec up  5  at  574 1/2    Mar '10 up  1  at  590 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for March at Memphis  565 to 583; Bids to farmers at River Elevators 469-550; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for March at Memphis   381 1/4 to - - -;   new crop at Memphis   366 to - - -; Bids to farmers at River Elevators  351 to 376 Chicago Futures: May down  3/4  at  386 1/4    Jul down  3/4  at  396 3/4    Sep down  1  at  406    Dec down  1  at  418 1/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures ended a bit higher. Flooding is expected to significantly reduce the spring wheat crop in the Northern Plains. Much needed precipitation came in the form of show in Kansas, probably improving the condition of the crop somewhat. Volume was light today ahead of tomorrow’s acreage report and especially Thursday’s quarterly stocks report. Cotton & Rice  Date: March 30, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 105 at  3964   Greenwood up  105 at 3964 New York Futures: May up  105  at  4439    Jul up  113  at  4544    Dec up  105  at  4977    Mar '10 up  106  at  5270    n/a up  - - -  at  - - -  This week's LDP rate for cotton is  18.17 cents   The estimate for next week is  18.54 cents Cotton Comment Cotton made a late rally to put 100 points on all contracts. There is obviously a demand problem as the market continues to trade at extremely low levels. With a loan rate of 52 cents the market will need to be above 60 cents to offer producers any real advantage. That doesn’t appear to be in the cards, near term. If tomorrow’s intentions report throws the market a curve ball, it could help start a revival, but in any case it will be a while before the market makes any significant gains. Rice Long Grain Cash Bid for  n/a - - -  to  - - -   n/a - - -  to  - - - Chicago Futures: May down  36  at  1201 1/2    Jul down  36 1/2  at  1223 1/2    Sep down  17 1/2  at  1174 1/2    Nov down  20  at  1190    - - - up  - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice was sharply lower again today, but remains in the overall sideways pattern that has dominated trading for much of the past 10 weeks. There is little indication the market is ready to make any long term move. Medium grain rice continues to steal the show, but the mid-South seed supply is limited. Long grain export sales got a boost with last week’s confirmed sales to Iraq, but the market needs more. There is still concern that Thailand will release government intervention stocks into the market at any time. This year’s plantings are expected to be up slightly from last year, but who knows. Some decisions will be made on the fly – depending on weather and planting conditions. Cattle & Hogs  Date: March 30, 2009 Cattle As reported by Federal-State Market News, receipts were 2,381 head at sales in Ash Flat, Springdale & Ola.  Compared with last week, feeder steers sold steady, heifers steady to $3 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 110.75 to - - -   500 to 550 lbs. 102.25 to - - -   600 to 650 lbs. 92 to - - -  Medium & Large Frame 2   400 to 450 lbs. 99.50 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 99.75 to - - -  Medium & Large Frame 2   400 to 450 lbs. 83.25 to - - - Slaughter Cows, Boners 42   to   48 Light Weight 31 to 39 Bulls, Yield Grade   1   1000   to   2100 lbs.   54   to   60.50, high dressing 60.50-67.50 Midwest Steers   were $1 lower to $1 higher   at   80   to   84 Panhandle Steers   were $1 lower to $1 higher   at   82   to   84 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: Apr down 150 at 8282   Jun down 150 at 8007 Feeders: May down 125 at 9305   Sep down 95 at 9677 Cattle Comment Cattle futures were lower today following weakness in the stock market. Demand concerns continue to plague the market as well. Retailers report it is difficult to keep beef moving through the pipeline. Heavier weight cattle are coming to market as well, meaning more choice cuts are available. Hogs Peoria: were     steady   at   34.5   to   35 Chicago Futures: Apr up 7 at 6055   Jun down 42 at 7097 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs were mostly lower on weakness in the stock market and continued demand worries. A sharp drop in cutout values last week is expected to curtail packer demand. Poultry  Date: March 30, 2009 Eggs New York:  Ex. Lg. 116-120; Lg. 114-118; Med. 86-90; Chicago:  Ex. Lg. 103-111; Lg. 101-109; Med. 77-85; Eastern Region Turkeys Hens: 8-16 lbs. 74-77 Toms: 16-24 lbs. 74-77   Delmarva Broilers U.S. Grade A Trade sentiment was steady at best. Demand following the weekend was no better than fair for upcoming first of the month business. Supplies of all sizes were mostly sufficient to satisfy current 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 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

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	Dear Agriculture, We are working with farmers and policy makers to support agriculture’s role in fighting climate change. Farmer efforts to reduce greenhouse gas emissions—through conservation practices such as nitrogen fertilizer reduction, carbon sequestration, and the capturing of methane in digesters—can play a very important role in the nation’s approach to combating climate change. We are working with policy makers, agricultural leaders, and environmental agencies to help shape our approach to providing climate solutions in the United States.  You can make a difference too, just by turning out the lights. Our work with farmers for climate change inspires us to make changes in our own lives by decreasing our own green house gas emissions. That is why we wanted to forward you this message to turn out your lights for one hour tonight in a symbolic statement to each other and the world that we are ready to do what it takes to tackle the challenge of climate change!   Thanks, Jimmy Daukas Managing Director Agriculture & Environment American Farmland Trust On Saturday, March 28, 2009, at 8:30 pm, tens of millions of people throughout the world will turn out their lights to make a statement of concern about the future of our planet as part of Earth Hour, an event led by the World Wildlife Fund. Participating in Earth Hour is easy, fun and free. It’s also a wonderful opportunity for friends and families to gather together and think about the issues confronting our planet and the ways that we can work together to make a positive difference. Please join us in taking part in this inspiring event. To sign up, visit the Earth Hour website where you’ll learn more including ways you can spread the word about Earth Hour, plus creative things to do when the lights go out. Let’s all turn out and take action on March 28 at 8:30 pm.
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03/27/2009 Farm Bureau Market Report

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Grain & Soybean Date: March 27, 2009 Soybeans Local Elevators: (Mar) EAST AR:  899 to 914 (NC) Summ. 781 to 806 River Elevators: (Mar) MISS: 912 to 934 ; AR & White 897 to 912 (NC) Summ. 793 to 826 Ark. Processor Bids: (Mar) 913 to 914  (NC) 801 to 806 Memphis:  (Mar) 929 to 937 (NC)  820 3/4 to 825 3/4 Riceland Foods:  (Mar) Stuttgart 914 ; Pendleton 914 ; West Memphis 934 Chicago Futures: May down 27 at  917   Jul  down  25 1/4  at  915 1/4   Sep down 21 1/4  at  871 3/4   Nov down 19 3/4  at  860 3/4   Jan '10 down 19  at  871 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans ended the day on a weak note with further unwinding of the bull spread ahead of Tuesday’s report. Old crop contracts were sharply lower as a result. A big upmove in the dollar and lower crude oil just added to the negative undertone. There were also reports that China is going to sell a substantial quantity of government stocks in local areas. No doubt this is negative for near term export demand. November dropped below previous support around $8.80, giving the chart a bearish look. Corn was also lower today, but seemed to be under much less pressure than beans. Pre-report estimates on planting intentions for corn are all over the place, ranging from 80 to 89 million acres with an average of 84.3 million acres. The current price ratio of November beans to December corn at 2.06 to 1 would seem to favor corn. Wheat Cash bid for March at Memphis  437 1/4 to 447 1/4; Bids to farmers at Local Elevators 420-445; River Elevators 432-465; Chicago Futures: May down  7 1/4  at  507 1/4    Jul down 7  at  520    Sep down  6 3/4  at  545 3/4    Dec down  6 3/4  at  569 1/2    Mar '10 down  6 1/2  at  585    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for March at Memphis  575 to - - -; Bids to farmers at River Elevators 471-551; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for March at Memphis   382 to - - -;   new crop at Memphis   367 to - - -; Bids to farmers at River Elevators  352 to 377 Chicago Futures: May down  3 3/4  at  387    Jul down  3 3/4  at  397 1/2    Sep down  3 1/2  at  407    Dec down  3 1/2  at  407 1/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures turned lower today, mostly on the influence of outside markets. Improvement in the value of the dollar and declines in both stocks and crude oil resulted in lower prices in the wheat pit. Also, the weather premium that has been built into this market due to dry conditions in the Plains is disappearing, as that part of the country has received much-needed precipitation in recent days, giving the crop a boost. Cotton & Rice  Date: March 27, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 62 at  3859   Greenwood down  62 at 3859 New York Futures: May down  62  at  4334    Jul down  58  at  4431    Dec down  62  at  4872    Mar '10 down  57  at  5164    n/a down  - - -  at  - - -  This week's LDP rate for cotton is  18.17 cents   The estimate for next week is  18.29 cents Cotton Comment Cotton continued yesterday’s decline with December falling below 49 cents. There is obviously a demand problem as the market continues to trade at extremely low levels. With a loan rate of 52 cents the market will need to be above 60 cents to offer producers any real advantage. That doesn’t appear to be in the cards, near term. If next week’s intentions report throws the market a curve ball, it could help start a revival, but in any case it will be a while before the market makes any significant gains. Rice Long Grain Cash Bid for  n/a - - -  to  - - -   n/a - - -  to  - - - Chicago Futures: May down  24  at  1237 1/2    Jul down  21 1/2  at  1260    Sep down  8  at  1192    Nov down  2  at  1210    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice continues to work in a sideways consolidation pattern with little indication the market is ready to make any long term move. Medium grain rice continues to steal the show, but the mid-South seed supply is limited. Long grain export sales got a boost with last week’s confirmed sales to Iraq, but the market needs more. There is still concern that Thailand will release government intervention stocks into the market at any time. This year’s plantings are expected to be up slightly from last year, but who knows. Some decisions will be made on the fly – depending on weather and planting conditions. Cattle & Hogs  Date: March 27, 2009 Cattle As reported by Federal-State Market News, receipts were 9,980 head at sales in Arkansas this week.  Compared with last week, feeder steers sold mostly steady to $2 higher. Feeder heifers sold mostly $2-4 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 111.75 to - - -   500 to 550 lbs. 101.75 to - - -   600 to 650 lbs. 94.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 97.50 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 96.25 to - - -  Medium & Large Frame 2   400 to 450 lbs. 86.50 to - - - Slaughter Cows, Boners 43.50   to   50 Light Weight 28 to 34 Bulls, Yield Grade   1   1000   to   2100 lbs.   53   to   58, high dressing $58-63 Midwest Steers   were steady to $1 higher   at   81   to   83 Panhandle Steers   remained   at   83   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 106.50 to 121   550 to 600 lbs. 102.50 to 116.50 Heifers 500 to 550 lbs. 89 to 101   550 to 600 lbs. 85.50 to 102 Chicago Futures: Live Cattle: Apr up 5 at 8432   Jun down 27 at 8157 Feeders: May down 65 at 9430   Sep down 62 at 9772 Cattle Comment Cattle futures were lower again today. Weakness in crude oil and strength in the value of the dollar were factors. Demand concerns continue to plague the market as well. Retailers report it is difficult to keep beef moving through the pipeline. Heavier weight cattle are coming to market as well, meaning more choice cuts are available. Hogs Peoria: were     steady   at   34.5   to   35 Chicago Futures: Apr down 5 at 6047   Jun down 37 at 7140 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs were mostly lower on continued demand worries. A sharp drop in cutout values this week is expected to curtail packer demand. Poultry  Date: March 27, 2009 Eggs New York:  Ex. Lg. 114-118; Lg. 112-116; Med. 86-90; Chicago:  Ex. Lg. 94-102; Lg. 92-100; Med. 77-85; Eastern Region Turkeys Hens: 8-16 lbs. 74-77 Toms: 16-24 lbs. 74-77   Delmarva Broilers U.S. Grade A Trade sentiment was steady at best. Demand entering the weekend was no better than fair with trading usually limited to regular commitments. Supplies of all sizes were mostly sufficient to satisfy current 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 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

03/26/2009 Farm Bureau Market Report

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Grain & Soybean Date: March 26, 2009 Soybeans Local Elevators: (Mar) EAST AR:  934 to 951 (NC) Summ. 801 to 826 River Elevators: (Mar) MISS: 939 to 971 ; AR & White 927 to 942 (NC) Summ. 812 to 846 Ark. Processor Bids: (Mar) 940 to 951  (NC) 821 to 826 Memphis:  (Mar) 964 to - - - (NC)  840 1/2 to 845 1/2 Riceland Foods:  (Mar) Stuttgart 951 ; Pendleton 951 ; West Memphis 971 Chicago Futures: May down 7 at  944   Jul  down  5 1/2  at  940 1/2   Sep down 2  at  893   Nov down 1/2  at  880 1/2   Jan '10 down 1/2  at  890 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans closed mixed with pressure on the old crop contracts. This suggests some evening up of bull spreads ahead of next week’s report. Certainly today’s export report was positive with almost 20 million bushels. That puts this year’s total within a 140 million bushels of the USDA projection and we still have over 5 months left in the marketing year. Tight stocks appear to be getting even tighter, but the key to price expectation will likely be next week’s planting intentions report. Anything above 79 million acres would be bearish. Corn made solid gains as this week’s export report exceeded expectations. However, exports remain at about 60% of the previous year. Next week’s planting intentions report remains a key – acreage below 83/84 million acres would be bullish in the long term. Wheat Cash bid for March at Memphis  444 1/2 to 445 1/2; Bids to farmers at Local Elevators 427-452; River Elevators 439-472; Chicago Futures: May up  6 1/2  at  514 1/2    Jul up 6 1/4  at  527    Sep up  6 1/4  at  552 1/2    Dec up  6 1/2  at  576 1/4    Mar '10 up  6 1/4  at  591 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for March at Memphis  582 to - - -; Bids to farmers at River Elevators 478-558; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for March at Memphis   381 3/4 to 385 3/4;   new crop at Memphis   370 1/2 to - - -; Bids to farmers at River Elevators  356 to 381 Chicago Futures: May up  5  at  390 3/4    Jul up  5  at  401 1/4    Sep up  5 1/4  at  410 1/2    Dec up  5 1/4  at  422 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures recovered a bit from recent losses. Export sales were well above the weekly pace needed to reach USDA’s marketing year projection, and that got the market off to a positive start. A 200,000 metric ton sale of soft red winter announced later in the day also provided support. Cotton & Rice  Date: March 26, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 62 at  3921   Greenwood down  62 at 3921 New York Futures: May down  62  at  5396    Jul down  68  at  4489    Dec down  59  at  4934    Mar '10 down  61  at  5316    - - -   - - -  at  - - -  This week's LDP rate for cotton is  19.27 cents   The estimate for next week is  18.17 cents Cotton Comment Cotton was lower today as futures remain well below the loan level. Producers are still on the fence about potential cuts in ’09. Some are swinging back to cotton, because it simply fits their operation. Soil and water considerations, yield history, equipment etc. all have some leaning back toward cotton. No doubt they will watch the market and see if corn and/or soybeans try to claim additional cotton acreage. Rice Long Grain Cash Bid for  n/a - - -  to  - - -   n/a - - -  to  - - - Chicago Futures: May up  31  at  1261 1/2    Jul up  30 1/2  at  1281 1/2    Sep up  3 1/2  at  1200    Nov down  2 1/2  at  1212    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice bounced back from recent declines to close higher in the old crop contracts. U.S. export movement received a boost with last week’s sale to Iraq, but overall milled sales are behind projections and additional sales are needed. Rough rice sales, while steady also have lagged last year’s pace. Early reports suggest a slight increase in ’09 plantings, but that may not be realized as a result of California water problems. Medium grain seed supplies in Arkansas are limited and germination problems for some may tighten the situation even more. The Plant Board seed committee will address the situation. Cattle & Hogs  Date: March 26, 2009 Cattle As reported by Federal-State Market News, receipts were 2,096 head at sales in Charlotte, Ratcliff & Green Forest.  Compared with last week, feeder steers sold $2-6 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 114 to - - -   500 to 550 lbs. 110.50 to - - -   600 to 650 lbs. 106 to - - -  Medium & Large Frame 2   400 to 450 lbs. 107.25 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 94.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 88 to - - - Slaughter Cows, Boners 40   to   45 Light Weight 30 to 35 Bulls, Yield Grade   1   1000   to   2100 lbs.   52   to   57, high dressing 60-63 Midwest Steers   were steady to $1 higher   at   81   to   82 Panhandle Steers   were steady to $2 lower   at   81   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: Apr down 35 at 8427   Jun down 62 at 8185 Feeders: May down 42 at 9495   Sep down 87 at 9835 Cattle Comment Cattle futures posted across-the-board losses again today. The problem for this market is on the demand side of the equation. Retailers report it is difficult to keep beef moving through the pipeline. Heavier weight cattle are coming to market as well, meaning more choice cuts are available. Hogs Peoria: were     steady   at   34.5   to   35 Chicago Futures: Apr down 72 at 6052   Jun down 95 at 7177 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs were mostly lower on continued demand worries. A sharp drop in cutout values yesterday could affect packer demand this week. Poultry  Date: March 26, 2009 Eggs New York:  Ex. Lg. 112-116; Lg. 110-114; Med. 86-90; Chicago:  Ex. Lg. 94-102; Lg. 92-100; Med. 77-85; Eastern Region Turkeys Hens: 8-16 lbs. 74-77 Toms: 16-24 lbs. 74-77   Delmarva Broilers U.S. Grade A Trade sentiment was mostly steady. Demand approaching the weekend was no better than fair with limited trading. Supplies of all sizes were sufficient to satisfy current trade needs. In production areas, live supplies were moderate at mixed, but mostly desirable weights. ---------------------------------------- HOW TO UNSUBSCRIBE You are receiving this newsletter because you requested that your e-mail address be added to the Arkansas Farm Bureau Market Report. To unsubscribe or change your subscription information, go to http://www.arfb.com/commodity_marketing/email/ ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

Send the Seeds of Inspiration for Local Food

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	Send the Seeds of Inspiration! Dear Agriculture, Send the Seeds of Inspiration! This spring, many have been inspired to plant a garden: from the White House, to community gardens and backyards across the country. As plants in gardens start to grow this spring, you can support our efforts to help local farms and food take root in your community! And we all know at least one person we’d like to inspire with a reminder that local food starts with seeds planted in the land, and grows with a lot of care and work by farmers.  For that reason, we want to help you sow the seeds of support for farms, farmland, and the food they supply. Make a donation today, and we will send off a special message and seed packet to inspire someone to support local farms and food in their community. Maybe you want your town planning commission to think about what is lost when food is paved over by poorly planned development! Maybe you want to make sure that schools are feeding our children fresh and local foods and that they know that food comes from the farm and the soil! Maybe you want to thank a teacher, your mother, father or friend for being a leader in making farmland protection, local farms and food a priority in your life and the lives of others! It is up to you to decide who could use a little seed packet of inspiration! With the money we raise, we will get our hands "in the soil" working to support local farmers and the growth of local food in your community and beyond! Take this opportunity to send some seeds of inspiration and encourage the recipient to support local farms and food in their community!  Sincerely, Your Friends at American Farmland Trust
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