07/31/2009 Farm Bureau Market Report

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Grain & Soybean Date: July 31, 2009 Soybeans Local Elevators: (Jul) EAST AR:  - - - to - - - (NC) Summ. 942 to 964 River Elevators: (Jul) MISS: 1012 to 1030 ; AR & White 982 to 992 (NC) Summ. 948 to 987 Ark. Processor Bids: (Jul) - - - to - - -  (NC) 958 to 983 Memphis:  (Jul) 1134 to - - - (NC)  987 to 992 Riceland Foods:  (Oct/Nov) Stuttgart 958 ; Pendleton 964 ; West Memphis 985 Chicago Futures: September up 15 at  1044   November  up  11  at  982   January up 10  at  984 1/2   March up 6 1/4  at  981   July up 5  at  978   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans ended the day on a posture note with across the board gains. The positive close supports yesterday’s big move and leaves the market open to further gains. Retracement objectives at $9.90 and $10.16 are probable targets. Strong Chinese interest and positive outside markets contributed to support. Wheat Cash bid for July at Memphis  426 1/4 to 433 1/4; Bids to farmers at Local Elevators 386-391; River Elevators 365-428; Chicago Futures: September up  12  at  528 1/4    December up 12  at  555 3/4    March up  11 3/4  at  573 3/4    May up  11 1/4  at  586    July up  11 1/2  at  596 3/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for July at Memphis  562 to - - -; Bids to farmers at River Elevators 416-496; Today's Arkansas LDP rate for sorghum is: Corn Cash bid for July at Memphis   337 1/2 to 344 1/2;   new crop at Memphis   337 1/2 to 339 1/2; Bids to farmers at River Elevators  315 to 340 Chicago Futures: September up  7 1/4  at  339 1/2    December up  7 1/4  at  349 1/2    March up  7 1/4  at  362 1/4    July up  7 1/2  at  380 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment December corn traded to key resistance at $3.50 ending the week on a strong note. While fundamentals remain somewhat negative the market has made a substantial rally. Outside markets were supportive and buying was bolstered by an oversold condition. The next upside objectives are $3.75 ½ and $3.90 ½. While wheat appears to be following beans and corn it made a good showing and could move toward recent resistance just above $5.50. Fundamentals would appear to limit upside potential, with a good spring crop expected to add to big U.S. and world supplies. Cotton & Rice  Date: July 31, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 15 at  5318   Greenwood down  15 at 5318 New York Futures: October down  15  at  5793    December down  9  at  6002    March down  3  at  6222    May down  8  at  6345        at    This week's LDP rate for cotton is  6.36 cents   The estimate for next week is  6.12 cents Cotton Comment Cotton recouped a good portion of early declines but still ended the day a little lower. Smaller U.S. and world production is supportive, but the market must deal with ample stocks and the slow economic recovery. For now cotton is likely to trade the 10¢ range from 55¢ to 65¢. Rice Long Grain Cash Bid for  aug/nov 1292/cwt  to     to  Chicago Futures: September up  2  at  1376 1/2    November up  2  at  1399 1/2    January up  2 1/2  at  1416 1/2    March up  5  at  1436        at    Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures trade a wide range before ending the day slightly higher with November closing right on the $14 level. Prospects of a smaller U.S. long grain crops is supportive, but concern about huge Thai intervention stocks remains a factor. While futures have gained over $2 the last 4 weeks there appears to be little indication the milled market will be able to follow. From a technical perspective the next chart objective is a big jump from current values. Cattle & Hogs  Date: July 31, 2009 Cattle As reported by Federal-State Market News, receipts were 9,925 head at sales in Arkansas this week.  Compared with last week, feeder steers sold unevenly, mostly firm to $3 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 113.75 to - - -   500 to 550 lbs. 99.75 to - - -   600 to 650 lbs. 98 to - - -  Medium & Large Frame 2   400 to 450 lbs. 95 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 97.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 88.50 to - - - Slaughter Cows, Boners 40   to   47 Light Weight 28 to 36 Bulls, Yield Grade   1   1000   to   2100 lbs.   53   to   60, high dressing $58-65 Midwest Steers   remained   at   80   to   82 Panhandle Steers   steady to $1 lower   at   80   to   81 Oklahoma City Feeders Steers 500 to 550 lbs. 101 to 115   550 to 600 lbs. 100 to 113.75 Heifers 500 to 550 lbs. 91 to 107.50   550 to 600 lbs. 91 to 106.50 Chicago Futures: Live Cattle: August up 12 at 8470   October up 35 at 9020 Feeders: August up 22 at 10235   September up 27 at 10255 Cattle Comment Cattle futures managed narrow gains to end the week, but the overall situation remains negative. Packers are reluctant buyers at current cash prices and appear to be well covered for the next two weeks. Weak retail demand suggests the economic situation remains a key factor. Tightening cattle supplies will provide a little boost but demand will need to improve. Hogs Peoria: were $1     lower   at   32   to   34 Chicago Futures: August up 140 at 5602   October up 130 at 5390 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs retraced a portion of the early gains in futures. Demand for pork remains weak and packers are caught in a dilemma. Their margins are good, but the market has excess product. Poultry  Date: July 31, 2009 Eggs New York:  Ex. Lg. 107-111; Lg. 105-109; Med. 67-71; Chicago:  Ex. Lg. 101-109; Lg. 99-107; Med. 60-68; Eastern Region Turkeys Hens: 8-16 lbs. 81-84 Toms: 16-24 lbs. 79.5-84   Delmarva Broilers U.S. Grade A Trade sentiment was mostly weak. Demand entering the weekend was light with limited first of the month trading. Supplies of all sizes were at least adequate to satisfy current 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

07/30/2009 Farm Bureau Market Report

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Grain & Soybean Date: July 30, 2009 Soybeans Local Elevators: (Jul) EAST AR:  1103 to - - - (NC) Summ. 931 to 948 River Elevators: (Jul) MISS: 1001 to 1019 ; AR & White 971 to 981 (NC) Summ. 934 to 972 Ark. Processor Bids: (Jul) n/a to - - -  (NC) 944 to 950 Memphis:  (Jul) 1128 1/4 to - - - (NC)  975 to 981 Riceland Foods:  (Jul) Stuttgart 947 ; Pendleton 951 ; West Memphis 974 Chicago Futures: Sep up 65 at  1029   Nov  up  55  at  971   Jan '10 up 54 3/4  at  974 1/2   Mar '10 up 53 3/4  at  974 3/4   Jul '10 up 48  at  973   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans gapped above recent resistance on the strength of a good export report and supporting outside markets. Old crop export sales brought the current year to 1.287 billion bushels. This is well above the current USDA projection of 1.26 billion bushels. A huge sale from a private source to China was also confirmed by USDA. China has been unable to sell their private stock of soybeans because they are more expensive than imports. Today’s move was technically positive and could move November to objectives between $9.90 and $10.20. Upside is expected to be limited by ’09 crop prospects. Corn benefited from the move in beans and closed with solid gains. A rebound in crude oil, a weaker dollar and strong equity markets contributed to the upturn. December futures have resistance at $3.49 and at a gap that extends to $3.57. Wheat Cash bid for July at Memphis  413 1/4 to 421 1/4; Bids to farmers at Local Elevators 374-386; River Elevators 353-416; Chicago Futures: Sep up  4 3/4  at  516 1/4    Dec up 4 3/4  at  543 3/4    Mar '10 up  4 3/4  at  562    May '10 up  5  at  574 3/4    Jul '10 up  5  at  585 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for July at Memphis  549 to - - -; Bids to farmers at River Elevators 403-483; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for July at Memphis   327 1/4 to 337 1/4;   new crop at Memphis   327 1/4 to 330 1/4; Bids to farmers at River Elevators  308 to 333 Chicago Futures: Sep up  11 1/2  at  332 1/4    Dec up  14 1/4  at  342 1/4    Mar '10 up  14 1/2  at  355    Jul '10 up  14 1/2  at  373 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat held a part of early gains at the close. A good export report provided support but overall exports are almost 50% below year ago levels. Upside potential is limited, but continued good sales could move September toward resistance around $5.50. A close below $5 would signal further declines. Cotton & Rice  Date: July 30, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 102 at  5333   Greenwood up  102 at 5333 New York Futures: Oct up  102  at  5808    Dec up  99  at  6011    Mar '10 up  97  at  6225    May '10 up  106  at  6353    - - -   - - -  at  - - -  This week's LDP rate for cotton is  3.44 cents   The estimate for next week is  6.36 cents Cotton Comment Cotton got a good boost from positive outside markets and the rebound in beans and grains. While the ’09 U.S. crop appears to be developing, there is growing concern about the level of drought damage in Texas. A smaller crop will eventually help the market but for the time being December will remain a 10 cents trading range between 55 and 65 cents. Rice Long Grain Cash Bid for  Aug-Oct 1290/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Sep down  2 1/2  at  1374 1/2    Nov down  1/2  at  1397 1/2    Jan '10 down  1  at  1414    Mar '10 up  2 1/2  at  1431    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice failed to hold early gains and settled slightly lower in the nearby contracts. The big daily reversal may signal a temporary top. Overall world stocks are large, particularly in Thailand where intervention stocks continue to hang over the market. However, U.S. long grain stocks are fairly tight and it may be even less than indicated in the June USDA planted acreage report, as producers increased medium plantings. Futures have gained almost $2 over the last 4 weeks and are in overbought situation technically. So, a short term sell-off remains possible. Cattle & Hogs  Date: July 30, 2009 Cattle As reported by Federal-State Market News, receipts were 2,147 head at sales in Charlotte, Green Forest & Ratcliff.  Compared with last week, feeder steers sold firm to $2 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 109 to - - -   500 to 550 lbs. 105.50 to - - -   600 to 650 lbs. 105.25 to - - -  Medium & Large Frame 2   400 to 450 lbs. 105 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 96.25 to - - -  Medium & Large Frame 2   400 to 450 lbs. 92.50 to - - - Slaughter Cows, Boners 40   to   47 Light Weight 30 to 36 Bulls, Yield Grade   1-2   1000   to   2100 lbs.   53.50   to   59.50, high dressing 60-67 Midwest Steers   remained   at   80   to   82 Panhandle Steers   remained   at   80   to   82 Oklahoma City Feeders Steers n/a to - - - lbs. - - - to - - -   n/a to - - - lbs. - - - to - - - Heifers n/a to - - - lbs. - - - to - - -   n/a to - - - lbs. - - - to - - - Chicago Futures: Live Cattle: Aug up 62 at 8457   Oct up 60 at 8985 Feeders: Aug up 10 at 10212   Sep up 22 at 10227 Cattle Comment Cattle futures ended the day a little higher as the market followed a positive rebound in crude oil and equities. Feedlot offerings remain above packer bids. Concern about consumer demand is keeping packers nervous. Feeder cattle are testing recent support at last Friday’s low. A move below that would mean September will push $1 to $2 lower. Hogs Peoria: were $1     lower   at   33   to   35 Chicago Futures: Aug down 212 at 5462   Oct down 50 at 5260 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs reversed yesterdays’ gains and closed lower. Continued soft demand has packers opting to close some facilities temporarily. High slaughter weights remain a negative factor. Poultry  Date: July 30, 2009 Eggs New York:  Ex. Lg. 107-111; Lg. 105-109; Med. 67-71; Chicago:  Ex. Lg. 101-109; Lg. 99-107; Med. 60-68; Eastern Region Turkeys Hens: 8-16 lbs. 81-84 Toms: 16-24 lbs. 79.50-84   Delmarva Broilers U.S. Grade A Trade sentiment was barely steady to mostly weak. Demand approaching the weekend was light to fair with trading usually limited to regular commitments. Supplies of all sizes were readily available for 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

Clean Energy Legislation Momentum, New Study Findings, A Message from Jon Scholl and More

 

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	Dear Agriculture, Momentum is gaining for a new clean energy climate change bill. President Obama has made clean energy legislation among his administration’s top priorities; the House has already passed the “American Clean Energy and Security Act of 2009,” and the Senate will be voting on their own bill after the August recess. We are working to ensure that new opportunities for agriculture are incorporated into potential legislation. We are certain that agriculture can play a key role in providing sound environmental solutions as well as cost-effective ways to reduce carbon—all while opening up new avenues of farm income.  There is more evidence now than ever that farmers have a great deal to gain from participating in clean energy legislation. The recent release of the USDA’s analysis coupled with the recent studies by well-respected agricultural economic research institutions Center for Agricultural and Rural Development (CARD) and the Food and Agricultural Policy Research Institute (FAPRI) correct the misconception that clean energy legislation would dramatically raise costs for producers. All three analyses show it does not. The next couple of months will be crucial to ensure that a bill passes through the Senate with agriculture positioned to be part of the solution. Watch Jon Scholl, American Farmland Trust president and Illinois farmer, explain how legislation could create incentives to increase stewardship on hundreds of millions of acres of American farm and ranch land and keep them economically viable in the process. Want to Know More? Get the Facts There are many voices in the conversation over climate change legislation. As with any large scale issue, it can be hard to tell fact from fiction. Get the facts from our team of policy experts with our Myths and Facts Surrounding Climate Change document to see where we are getting our information. What’s Happened? And What’s Next? Track the Process for the Clean Energy Bill on Our Timeline Our continuously updated Timeline for the Climate Bill shows the historical progression of climate legislation and its process through the House of Representatives. It will track the Clean Energy bill though the Senate all the way to the president’s desk. We look forward to continuing our work with agriculture and environmental groups, members of Congress and the administration to strengthen clean energy legislation and maximize the reductions in greenhouse gas emissions through the participation of agriculture.
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07/29/2009 Farm Bureau Market Report

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Grain & Soybean Date: July 29, 2009 Soybeans Local Elevators: (Jul) EAST AR:  n/a to - - - (NC) Summ. n/a to - - - River Elevators: (Jul) MISS: n/a to - - - ; AR & White n/a to - - - (NC) Summ. n/a to - - - Ark. Processor Bids: (Jul) n/a to - - -  (NC) n/a to - - - Memphis:  (Jul) n/a to - - - (NC)  n/a to - - - Riceland Foods:  (NC) Stuttgart n/a ; Pendleton n/a ; West Memphis n/a Chicago Futures: Sep down 4 at  964   Nov  down  11  at  916   Jan '10 down 11 1/4  at  919 3/4   Mar '10 down 11  at  921   Jul '10 down 10  at  925   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans were pushed lower by weaker crude oil and a stronger dollar. The one exception was the lead August contract which continues to reflect a late year tight stocks situation. Good growing conditions suggest a record crop in the making. That will continue to pressure the market. Key support remains in the $8.80-8.85 area. A close below that level will signal further declines. Conversely, should fundamentals change key resistance is seen around $9.40. Corn closed lower except for the lead September contract. The market remains in a consolidation phase with long term prospects suggesting further downside potential. USDA will re-survey corn plantings in 7 states. The general assumption in the market is total planting may be reduced. At the same time, yield is expected to be adjusted higher in the August supply/demand report. The next downside objective is the late ’08 low of $2.90. Wheat Cash bid for July at Memphis  n/a to - - -; Bids to farmers at Local Elevators n/a; River Elevators n/a; Chicago Futures: Sep down  4 3/4  at  511 1/2    Dec down 4 3/4  at  539    Mar '10 down  5 1/4  at  557 1/4    May '10 down  5  at  569 3/4    Jul '10 down  5 1/4  at  580 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for July at Memphis  n/a to - - -; Bids to farmers at River Elevators n/a; Today's Arkansas LDP rate for sorghum is: n/a Corn Cash bid for July at Memphis   n/a to - - -;   new crop at Memphis   n/a to - - -; Bids to farmers at River Elevators  n/a to Chicago Futures: Sep down  1/4  at  320 3/4    Dec down  1 3/4  at  328    Mar '10 down  2 1/4  at  340 1/2    Jul '10 down  2  at  358 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat dipped to new contract lows today, but September held above $5. Limited demand and big supplies make wheat vulnerable to a stronger $ and weak crude oil. Cotton & Rice  Date: July 29, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 9 at  5231   Greenwood up  9 at 5231 New York Futures: Oct up  9  at  5706    Dec unchanged    at  5912    Mar '10 down  13  at  6128    May '10 down  15  at  6247    - - -   - - -  at  - - -  This week's LDP rate for cotton is  3.44 cents   The estimate for next week is  6.17 cents Cotton Comment Cotton closed mixed with concern about the world economic situation limiting demand. While the ’09 U.S. crop appears to be developing, there is growing concern about the level of drought damage in Texas. A smaller crop will eventually help the market but for the time being December will remain a 10 cents trading range between 55 and 65 cents. Rice Long Grain Cash Bid for  n/a - - -  to  - - -   n/a - - -  to  - - - Chicago Futures: Sep down  6 1/2  at  1377    Nov down  5 1/2  at  1398    Jan '10 down  3 1/2  at  1415    Mar '10 down  3 1/2  at  1428 1/2    - - - down  - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice closed lower but was able to retrace a major portion of early declines. Overall world stocks are large, particularly in Thailand where intervention stocks continue to hang over the market. However, U.S. long grain stocks are fairly tight and it may be even less than indicated in the June USDA planted acreage report, as producers increased medium plantings. Futures have gained almost $2 over the last 4 weeks and are in overbought situation technically. So, a short term sell-off remains possible. Cattle & Hogs  Date: July 29, 2009 Cattle As reported by Federal-State Market News, receipts were 725 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold steady to $2 higher, heifers were mostly steady . Steers:  Medium & Large Frame 1   400 to 450 lbs. 109 to - - -   500 to 550 lbs. 102 to - - -   600 to 650 lbs. 97.75 to - - -  Medium & Large Frame 2   400 to 450 lbs. 96 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 96 to - - -  Medium & Large Frame 2   400 to 450 lbs. 83.25 to - - - Slaughter Cows, Boners 40   to   45.50 Light Weight 24 to 31 Bulls, Yield Grade   1   1000   to   2100 lbs.   54.50   to   58.50 Midwest Steers   were $1 lower to steady   at   81   to   82 Panhandle Steers   were $1 lower to steady   at   81   to   82 Oklahoma City Feeders Steers n/a to - - - lbs. - - - to - - -   n/a to - - - lbs. - - - to - - - Heifers n/a to - - - lbs. - - - to - - -   n/a to - - - lbs. - - - to - - - Chicago Futures: Live Cattle: Aug down 97 at 8395   Oct down 132 at 8925 Feeders: Aug down 82 at 10202   Sep down 92 at 10205 Cattle Comment Cattle futures fell sharply as funds increased their liquidation of positions. This was triggered by bearish moves in the dollar and crude oil. Feedlot offerings remain above packer bids. Concern about consumer demand is keeping packers nervous. Feeder cattle are testing recent support at last Friday’s low. A move below that would mean September will push $1 to $1 lower. Hogs Peoria: were $1     lower   at   34   to   36.50 Chicago Futures: Aug down 10 at 5675   Oct up 40 at 5310 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs retraced losses after dropping below $52, suggesting possible bottoming action. Continued soft demand has packers opting to close some facilities temporarily. High slaughter weights remain a negative factor. Poultry  Date: July 29, 2009 Eggs New York:  Ex. Lg. 107-111; Lg. 105-109; Med. 67-71; Chicago:  Ex. Lg. 101-109; Lg. 99-107; Med. 60-68; Eastern Region Turkeys Hens: 8-16 lbs. n/a Toms: 16-24 lbs. n/a   Delmarva Broilers U.S. Grade A Trade sentiment was barely steady to weak. Demand was light to fair with trading usually limited to regular commitment. Supplies of all sizes were fully sufficient for 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

07/28/2009 Farm Bureau Market Report

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Grain & Soybean Date: July 28, 2009 Soybeans Local Elevators: (July) EAST AR:  1030 to - - - (NC) Summ. 887 to 904 River Elevators: (July) MISS: 947 to 1055 ; AR & White 917 to 927 (NC) Summ. 890 to 927 Ark. Processor Bids: (July) - - - to - - -  (NC) 900 to 906 Memphis:  (July) 1054 1/2 to - - - (NC)  931 to 937 Riceland Foods:  (Oct/Nov) Stuttgart 900 ; Pendleton 904 ; West Memphis 927 Chicago Futures: Sept up 23 at  968   Nov  up  20 1/2  at  927   Jan up 17 1/4  at  931   Mar up 15 1/4  at  932   May up 11  at  929 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybean prices posted strong gains today, as expectations are that China maybe poised to purchase more U.S. soybeans is supporting prices. The market expects China will release fewer soybeans from government stock tomorrow than was originally thought. Given the U.S. dollar weakness relative to the Brazilian Real, the U.S. should be the primary recipient of these Chinese sales. While soybean price may get a short term price bump, prices are unlikely to sustain these gains, as this year’s crop continues to look good. November soybeans have resistance at $9.38. Wheat Cash bid for July at Memphis  408 1/4 to 421 1/4; Bids to farmers at Local Elevators 374-386; River Elevators 353-416; Chicago Futures: Sept down  4 1/4  at  516 1/4    Dec down 4  at  543 3/4    Mar down  3 1/2  at  562 1/2    May down  3 1/2  at  574 3/4    July down  3 3/4  at  585 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for July at Memphis  526 to - - -; Bids to farmers at River Elevators 382-462; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for July at Memphis   312 1/2 to 325 1/2;   New crop at Memphis   312 1/2 to 318 1/2; Bids to farmers at River Elevators  296 to 321 Chicago Futures: Sept down  1 3/4  at  320 1/2    Dec down  4  at  329 3/4    Mar down  4 1/4  at  342 3/4    July down  4  at  360 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Corn prices were unable to follow soybeans higher today. Continued weakness in the crude oil market, and expectations of a large corn harvest continues to pressure corn prices lower. Wheat prices gave back most of yesterday’s gains, despite the large gains in the soybean market. Wheat prices continue to be restrained by weak export demand and the forecast large spring wheat crop. Both U.S. and Global wheat stocks remain ample to meet demand. Cotton & Rice  Date: July 28, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 34 at  5222   Greenwood down  34 at 5222 New York Futures: Oct down  34  at  5697    Dec down  41  at  5912    Mar down  52  at  6141    May down  - - -  at  - - -    - - -   - - -  at  - - -  This week's LDP rate for cotton is  3.44 cents   The estimate for next week is  5.85 cents Cotton Comment Cotton was lower again today. Upside potential will be limited until this year’s crop is set. For now, demand is limited and the market is dealing with substantial world stocks. The U.S. crop could be down with a big abandonment in Texas anticipated. Even with that, exports will have to pick up as domestic mill use continues to decline. For now, December futures look like they are locked in a 10 cent range between 55 cents and the recent high at 65 cents. Rice Long Grain Cash Bid for  Aug/Nov 1294/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Sept up  6  at  1383 1/2    Nov up  4 1/2  at  1403 1/2    Jan up  5 1/2  at  1418 1/2    Mar up  3 1/2  at  1432    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice struggled today but was again able to end the session on a positive note with November making a new recent high and closing above $14. The market is still working higher on thoughts the long grain crop will be significantly smaller this year. USDA reduced plantings in their June 30 report, but there are indications more medium grain rice was planted and less long grain. Technically, this market is reaching an overbought status and could be subject to a short term setback. Longer term recent gains suggest additional upside potential at some point. The next long term chart resistance does not come into play for another $1.80. Cattle & Hogs  Date: July 28, 2009 Cattle As reported by Federal-State Market News, receipts were 1124 head at sales in Fort Smith and Heber Springs.  Compared with last week, feeder steers sold mostly steady to $1 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 107.25 to - - -   500 to 550 lbs. 101 to - - -   600 to 650 lbs. 98 to - - -  Medium & Large Frame 2   400 to 450 lbs. 97 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 92.25 to - - -  Medium & Large Frame 2   400 to 450 lbs. 87 to - - - Slaughter Cows, Boners 41   to   45.50 Light Weight 26 to 31 Bulls, Yield Grade   1   1000   to   2100 lbs.   52   to   58 Midwest Steers   were steady to $2 lower   at   82   to   - - - Panhandle Steers   were steady to $1 lower   at   82   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 105.50 to 109.50   550 to 600 lbs. 100 to 110 Heifers 500 to 550 lbs. 100 to 104   550 to 600 lbs. 98 to 104 Chicago Futures: Live Cattle: Aug up 22 at 8492   Oct up 37 at 9057 Feeders: Aug up 45 at 10285   Sept up 62 at 10297 Cattle Comment Cattle prices closed the day with modest gains. Packer margins are back in the black, as packers have cutback supplies to meet demand. Downward pressure is limited as cattle supplies continue to tighten. Hogs Peoria: were     steady   at   35   to   37 Chicago Futures: Aug down 232 at 5685   Oct down 205 at 5270 Sheep St. Paul n/a   at   - - -   to   - - - Hogs Comment Pork prices fell sharply today, as weak cash prices continue to pull the market lower. Packer margins remain negative, and are causing some plants to close early this week in an effort to help improve prices. Poultry  Date: July 28, 2009 Eggs New York:  Ex. Lg. 107-111; Lg. 105-109; Med. 67-71; Chicago:  Ex. Lg. 101-109; Lg. 99-107; Med. 60-68; Eastern Region Turkeys Hens: 8-16 lbs. 81-83 Toms: 16-24 lbs. 79.5-83   Delmarva Broilers U.S. Grade A Trade sentiment was to barely steady to weak. Demand was light and unaggressive for upcoming first of the month business. Supplies of all sizes were fully sufficient for 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

Top 20 Favorite Farmers Markets Unveiled, Win a Local Flavors Cookbook, and More

 

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	Dear Agriculture, Spread the Word Win a Cookbook! Farmers markets across the country are in full swing and market tables are laden with the beautiful fruits of summer. Since June 1st, thousands of people have cast their vote through the America’s Favorite Farmers Markets contest and told use about their favorite market! Have you voted for your favorite? Cast your vote today! “I love the feeling of shopping and visiting with my neighbors while buying locally grown food. It's a great way of connecting with people and connecting with the land. And the produce is terrific, not to mention the farmers!” America’s Favorite Farmers Markets voter. With Only Two Weeks Left We Need Your Help to Get Out the Vote! Send an E-card, Win a Cook Book Since there are so many dedicated farm and farmers market supporters out there, we decided to create a contest just for market advocates. Five people who send the most e-cards inviting people to vote in the contest will win a signed copy of the Local Flavors cookbook by Deborah Madison. Take a Look at America’s Favorite Top 20 Farmers Markets Small, medium, and large farmers markets have been working hard to get the word out about the contest and rally their customers. Now you can see which of the more than 700 farmers markets participating in the contest are currently leading in votes. Visit our new Top 20 Farmers Markets display to see who is in the lead and how many votes your farmers market needs to make it to the top twenty. This list updates each time you refresh, or visit the page, so that you can have up-to-the minute information on the top markets. Make a Gift to Help Us Spread the Word Want to help us spread the word about the importance of farmers markets to our communities and for their role in keeping farmers on the land? Make a donation today, and we will put it to work to push for effective policies that protect farmland and support farmers so they can continue to provide food for our tables. Get Your Community Involved Make sure your local paper knows about the contest and supports your local farmers market this summer! Write a letter to the editor about the contest and how your vote supports your local farms and farmers markets. Check out more ways you can spread the love for farmers markets.   Sincerely, Gretchen Hoffman Communications Coordinator American Farmland Trust
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