08/31/2009 Farm Bureau Market Report

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Grain & Soybean Date: August 31, 2009 Soybeans Local Elevators: (Aug) EAST AR:  n/a to - - - (NC) Summ. 961 to 977 River Elevators: (Aug) MISS: 1039 to 1059 ; AR & White 1003 to 1029 (NC) Summ. 961 to 1000 Ark. Processor Bids: (Aug) 1014 to - - -  (NC) 971 to 974 Memphis:  (Aug) 1022 1/2 to 1069 1/2 (NC)  998 1/2 to 1004 1/2 Riceland Foods:  (NC) Stuttgart 971 ; Pendleton 977 ; West Memphis 1000 Chicago Futures: Sep down 35 3/4 at  1100   Nov  down  31 1/2  at  979 1/2   Jan '10 down 30 1/2  at  981 1/4   Mar '10 down 28  at  979 1/4   Jul '10 down 26  at  974 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Overnight weakness in China’s stock market put pressure on U.S. equities and pushed crude oil sharply lower. That in turn weighed on soybeans as did long range forecasts for warmer weather which could move the crop toward maturity. Today’s sharply lower trade suggests a potential retest of support around $9.40. Resistance just under $10.20 looks to be substantial. December corn support at $3.20 held solid and the market made a late rally to close mixed. The late rebound put December back in the upper end of the sideways trading range. The ability to hold this support is a good sign considering the overall selling pressure that was seen in other sectors. A close below $3.20 would suggest a move to $2.90 or lower. Resistance is located at $3.35 to $3.40. Wheat Cash bid for August at Memphis  329 to 366; Bids to farmers at Local Elevators n/a; River Elevators 278-351; Chicago Futures: Sep up  4  at  471    Dec up 3 1/2  at  498 3/4    Mar '10 up  3 1/2  at  518 1/4    May '10 up  3 1/4  at  531    Jul '10 up  3 1/4  at  543 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for August at Memphis  571 to 580; Bids to farmers at River Elevators 491-578; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for August at Memphis   317 1/4 to 322 1/4;   new crop at Memphis   n/a to - - -; Bids to farmers at River Elevators  297 to 320 Chicago Futures: Sep up  5 1/4  at  326 1/4    Dec up  3/4  at  329 3/4    Mar '10 down  1/4  at  342 1/2    Jul '10 down  3/4  at  359 1/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat traded at new lows for the recent down-move before closing a bit higher. Today’s low of $4.81 is now support for December. Fundamentals, including big supplies in the U.S. and world, remain negative. Cotton & Rice  Date: August 31, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 146 at  5376   Greenwood up  146 at 5376 New York Futures: Oct up  146  at  5776    Dec up  14  at  5974    Mar '10 up  137  at  6206    May '10 up  138  at  6344    - - -   - - -  at  - - -  This week's LDP rate for cotton is  5.87 cents   The estimate for next week is  6.57 cents Cotton Comment Cotton rallied off recent support to close with strong gains. This was an unusual situation considering the overnight downturn in the Chinese stock market and the resulting pressure on U.S. equities and crude oil. Technically, it suggests substantial support has developed in the 57 to 58 cents area. Upside potential remains limited, as long as economic conditions are questionable. Rice Long Grain Cash Bid for  Aug-Nov 1308/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Sep up  34 1/2  at  1385 1/2    Nov up  32  at  1408    Jan '10 up  28  at  1429    Mar '10 up  25 1/2  at  1449 1/2    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures made a strong followthrough on Friday’s gains and closed sharply higher for the second day in a row. A retest of resistance at $14.25 to $13.30 is a good possibility as crop development pushes the harvest of the majority of the Southern crop a little later. A smaller long grain crop is anticipated, which with normal buying interest, would tighten stock positions. A weak monsoon season in India has been a positive factor in the world market. At the same time, big Thai intervention stocks continue to hang over the market. Cattle & Hogs  Date: August 31, 2009 Cattle As reported by Federal-State Market News, receipts were n/a head at sales in n/a.  Compared with last week, feeder steers n/a . Steers:  Medium & Large Frame n/a   - - - to - - - lbs. - - - to - - -   - - - to - - - lbs. - - - to - - -   - - - to - - - lbs. - - - to - - -  Medium & Large Frame n/a   - - - to - - - lbs. - - - to - - - Heifers:  Medium & Large Frame n/a   - - - to - - - lbs. - - - to - - -  Medium & Large Frame n/a   - - - to - - - lbs. - - - to - - - Slaughter Cows, Boners n/a   to   - - - Light Weight n/a to - - - Bulls, Yield Grade   n/a   - - -   to   - - - lbs.   - - -   to   - - - Midwest Steers   were quoted   at   83   to   85 Panhandle Steers   were quoted   at   83.50   to   85 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: Oct down 2 at 8667   Dec down 27 at 8682 Feeders: Sep down 90 at 9725   Nov down 52 at 9802 Cattle Comment Cattle futures were lower again today. Little improvement is expected until after Labor Day. October live cattle could test spring and summer support between $84.50 and $85.50. Feeder futures have support near $95. Hogs Peoria: were     steady   at   25   to   27 Chicago Futures: Oct up 7 at 4815   Dec down 22 at 4622 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs ended mixed. Seasonal weakness in the cash market will keep a lid on prices. Resistance for October is at $49.50 and $50. Poultry  Date: August 31, 2009 Eggs New York:  Ex. Lg. 94-98; Lg. 92-96; Med. 69-73; Chicago:  Ex. Lg. 83-91; Lg. 81-89; Med. 61-69; Eastern Region Turkeys Hens: 8-16 lbs. 80-82 Toms: 16-24 lbs. 79-82   Delmarva Broilers U.S. Grade A The market tone was steady. Supplies of all sizes were moderate to satisfy current trade needs. In production areas, live supplies were moderate at 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

08/28/2009 Farm Bureau Market Report

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Grain & Soybean Date: August 28, 2009 Soybeans Local Elevators: (Aug) EAST AR:  n/a to - - - (NC) Summ. 992 to 1008 River Elevators: (Aug) MISS: 1056 to 1068 ; AR & White 1020 to 1043 (NC) Summ. 992 to 1031 Ark. Processor Bids: (Aug) 1027 to - - -  (NC) 1001 to 1002 Memphis:  (Aug) 1054 to 1086 (NC)  1030 to 1031 Riceland Foods:  (Aug) Stuttgart 1002 ; Pendleton 1008 ; West Memphis 1031 Chicago Futures: Sep up 21 1/2 at  1135 3/4   Nov  up  15  at  1011   Jan '10 up 14 1/4  at  1011 3/4   Mar '10 up 13 3/4  at  1007 1/4   Jul '10 up 13 3/4  at  1000 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans were higher across the board with lead September up the greatest amount. Tight supplies are keeping the cash interest at the Gulf high. That in turn is boosting all soybeans. Tight supplies were anticipated, but a late crop and continued cool weather make the situation even tighter. That is also carrying over into new crop as traders feel it is necessary to keep a frost premium in the market. That may persist in mid September. Any “hiccup” with this year’s crop will send the market higher, once that is past we could see significant downside pressure. Corn closed narrowly mixed with substantial support for December futures developing in the area just above $3.20. Harvest pressure could send the market lower with long term support at $2.90 a potential target. Wheat Cash bid for August at Memphis  325 to 362; Bids to farmers at Local Elevators n/a; River Elevators 274-347; Chicago Futures: Sep down  8  at  467    Dec down 7 3/4  at  495 1/4    Mar '10 down  7 3/4  at  514 3/4    May '10 down  7 1/2  at  527 3/4    Jul '10 down  7 3/4  at  540 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for August at Memphis  570 to 579; Bids to farmers at River Elevators 482-558; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for August at Memphis   316 to 317;   new crop at Memphis   n/a to - - -; Bids to farmers at River Elevators  292 to 315 Chicago Futures: Sep down  2  at  321    Dec down  1/4  at  329    Mar '10 down  1/4  at  342 3/4    Jul '10 unchanged    at  360    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat traded a fairly wide range before ending the session lower. December fell to recent support just below $4.90 at one point. Fundamentals, including big supplies in the U.S. and world, remain negative. Cotton & Rice  Date: August 28, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 126 at  5230   Greenwood up  126 at 5230 New York Futures: Oct up  76  at  5630    Dec up  70  at  5834    Mar '10 up  73  at  6069    May '10 up  82  at  6206    - - -   - - -  at  - - -  This week's LDP rate for cotton is  5.87 cents   The estimate for next week is  6.57 cents Cotton Comment Cotton showed a little followthrough on yesterday’s late upturn. Support at 57 cents could be tested at any time. Prospects for the ’09 crop continue to improve production wise. Price improvement will come with improving economic conditions worldwide, which would stimulate Chinese mill use. For now, upside potential remains limited. Rice Long Grain Cash Bid for  Aug/Sep 1276/cwt  to  - - -   Oct/Nov 1240  to  1276/cwt Chicago Futures: Sep up  36  at  1351    Nov up  36 1/2  at  1376    Jan '10 up  37  at  1401    Mar '10 up  36  at  1424    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice bounced off support near $13.40 and ended the day with substantial late session gains. A possibly smaller long grain crop and a sharp reduction in India’s production are the positive factors in the market. On the negative side big Thai intervention stocks will continue to hang over the market. Cattle & Hogs  Date: August 28, 2009 Cattle As reported by Federal-State Market News, receipts were 9,400 head at sales in Arkansas this week.  Compared with last week, feeder steers sold weak to $3 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 114 to - - -   500 to 550 lbs. 101.75 to - - -   600 to 650 lbs. 96 to - - -  Medium & Large Frame 2   400 to 450 lbs. 97.75 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 99.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 86.75 to - - - Slaughter Cows, Boners 41   to   46.50 Light Weight 24 to 28 Bulls, Yield Grade   1   1000   to   2100 lbs.   52.50   to   59.50, high dressing 59.50-60 Midwest Steers   n/a   at   - - -   to   - - - Panhandle Steers   n/a   at   - - -   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 104 to 113.75   600 to 650 lbs. 96.50 to 101.50 Heifers 500 to 550 lbs. 90 to 104.25   600 to 650 lbs. 92 to 97 Chicago Futures: Live Cattle: Oct down 87 at 8670   Dec down 60 at 8710 Feeders: Sep down 67 at 9815   Nov down 75 at 9855 Cattle Comment Cattle futures penetrated recent support and fell to the lowest level in over 2 months. Little improvement is expected until after Labor Day. October live cattle could test spring and summer support between $84.50 and $85.50. Feeder futures have support near $95. Hogs Peoria: were     steady   at   25   to   27 Chicago Futures: Oct up 17 at 4807   Dec up 25 at 4645 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures were higher for the day, but well off the day’s highs. A big jump in the composite cutout value and increased export prospects contributed to a firm undertone. Hog numbers remain ample and are expected to increase seasonally. Poultry  Date: August 28, 2009 Eggs New York:  Ex. Lg. 83-91; Lg. 81-89; Med. 58-66; Chicago:  Ex. Lg. 94-98; Lg. 92-96; Med. 69-73; Eastern Region Turkeys Hens: 8-16 lbs. 80-82 Toms: 16-24 lbs. 79-82   Delmarva Broilers U.S. Grade A The market tone was steady. Supplies of all sizes were moderate to satisfy current trade needs. In production areas, live supplies were moderate at 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

08/27/2009 Farm Bureau Market Report

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Grain & Soybean Date: August 27, 2009 Soybeans Local Elevators: (Aug) EAST AR:  n/a to - - - (NC) Summ. 972 to 988 River Elevators: (Aug) MISS: 1041 to 1053 ; AR & White 1005 to 1028 (NC) Summ. 972 to 1016 Ark. Processor Bids: (Aug) 1012 to - - -  (NC) 982 to 986 Memphis:  (Aug) 1039 to 1056 (NC)  1015 to 1016 Riceland Foods:  (Aug) Stuttgart 982 ; Pendleton 988 ; West Memphis 1011 Chicago Futures: Sep up 23 3/4 at  1114 1/4   Nov  down  1/2  at  996   Jan '10 unchanged 1/4  at  997 1/2   Mar '10 unchanged   at  993 1/2   Jul '10 unchanged   at  986 3/4   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans closed mixed with most contracts unchanged to a little higher or lower. However, the expiring September was sharply higher reflecting a tight supply situation. A soaring gulf basis also suggests it is difficult to find beans. Otherwise, even a good export report and a late improvement in outside markets wasn’t much help. November has traded a narrow range since Monday. A close above $10.15 or below $9.90 will suggest further movement in that direction. Corn reversed an early decline to close higher. There didn’t appear to be much in the way of fundamentals to drive the market. Today’s move was all within the recent trading range. The early decline tested December support at $3.20. That remains a key area, which if penetrated could signal additional losses of 30 to 40 cents. Wheat Cash bid for August at Memphis  333 to 370; Bids to farmers at Local Elevators n/a; River Elevators 282-355; Chicago Futures: Sep down  3 3/4  at  475    Dec down 3 3/4  at  503    Mar '10 down  3 3/4  at  522 1/2    May '10 down  3 3/4  at  535 1/4    Jul '10 down  3 3/4  at  548    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for August at Memphis  570 to - - -; Bids to farmers at River Elevators 482-558; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for August at Memphis   313 to 321;   new crop at Memphis   n/a to - - -; Bids to farmers at River Elevators  294 to 317 Chicago Futures: Sep up  2 1/2  at  323    Dec up  3  at  329 1/4    Mar '10 up  3  at  343    Jul '10 up  2 1/2  at  360    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat was all over the board before settling lower. The market couldn’t sustain recent strength which has been based on dry conditions in Australia and Argentina, and recent export buying interest. Support is currently just below $4.90. Cotton & Rice  Date: August 27, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 17 at  5104   Greenwood up  17 at 5104 New York Futures: Oct up  17  at  5554    Dec up  17  at  5764    Mar '10 up  8  at  5996    May '10 up  8  at  6124    - - -   - - -  at  - - -  This week's LDP rate for cotton is  4.55 cents   The estimate for next week is  5.87 cents Cotton Comment Cotton made very small gains as December fell to 57 cents at one point. While it appears economic conditions in the U.S. and worldwide are improving, it will take a while to increase textile demand. For now U.S. and world cotton stocks are more than ample. Rice Long Grain Cash Bid for  Aug/Sep 1240/cwt  to  - - -   Oct/Nov 1233  to  1240/cwt Chicago Futures: Sep unchanged    at  1315    Nov down  1  at  1339 1/2    Jan '10 down  1/2  at  1364    Mar '10 unchanged    at  1388    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice was basically unchanged as the market awaits further development. The U.S. harvest is going to expand into Arkansas and Mississippi as it winds down in Texas and Louisiana. A smaller long grain crop could help boost the market later in the year, but a big intervention in Thailand is a threat. Thailand is expected to continue intervention purchases. The poor monsoon season in India should reduce their crop by 15 to 20% and could make them an importer at some point. November futures continue to test support just above $13.30. Cattle & Hogs  Date: August 27, 2009 Cattle As reported by Federal-State Market News, receipts were 2,053 head at sales in Charlotte & Green Forest.  Compared with last week, feeder steers sold weak to $5 lower, mostly $2-3 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 109 to - - -   500 to 550 lbs. 103.75 to - - -   600 to 650 lbs. 104 to - - -  Medium & Large Frame 2   400 to 450 lbs. 102 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 95.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 92.75 to - - - Slaughter Cows, Boners 39   to   46 Light Weight 32 to 35 Bulls, Yield Grade   1   1000   to   2100 lbs.   53   to   60, high dressing 61-65 Midwest Steers   remained   at   82   to   - - - Panhandle Steers   remained   at   82   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: Oct up 20 at 8757   Dec up 12 at 8770 Feeders: Sep down 47 at 9882   Nov down 40 at 9930 Cattle Comment Cattle futures were mixed with feeders lower. The beef market is showing signs of topping despite the tightening of available cattle. Most feedlots are current on marketings. However, futures appear technically negative with October live cattle headed toward the next support just above $85. September feeders are testing support around $99 and appear vulnerable. Hogs Peoria: were $1     higher   at   25   to   27 Chicago Futures: Oct up 85 at 4790   Dec up 80 at 4620 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures closed higher with October appearing to have bottomed. However, there doesn’t seem to be much upside potential. Strong packer margins should help keep the market in a positive mode. Poultry  Date: August 27, 2009 Eggs New York:  Ex. Lg. 94-98; Lg. 92-96; Med. 69-73; Chicago:  Ex. Lg. 83-91; Lg. 81-89; Med. 58-66; Eastern Region Turkeys Hens: 8-16 lbs. 80-82 Toms: 16-24 lbs. 80-82   Delmarva Broilers U.S. Grade A The market tone was steady. Supplies of all sizes were moderate to satisfy trade needs. In production areas, live supplies were moderate at 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

08/26/2009 Farm Bureau Market Report

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Grain & Soybean Date: August 26, 2009 Soybeans Local Elevators: (Aug) EAST AR:  n/a to - - - (NC) Summ. 973 to 989 River Elevators: (Aug) MISS: 1039 to 1051 ; AR & White 1002 to 1026 (NC) Summ. 973 to 1012 Ark. Processor Bids: (Aug) 9003 to - - -  (NC) 983 to - - - Memphis:  (Aug) 1039 1/2 to 1056 1/2 (NC)  1015 1/2 to 1016 1/2 Riceland Foods:  (NC) Stuttgart 983 ; Pendleton 989 ; West Memphis 1012 Chicago Futures: Sep down 1/2 at  1090 1/2   Nov  down  2 1/2  at  996 1/2   Jan '10 down 3 1/2  at  997 3/4   Mar '10 down 3 3/4  at  993 1/2   Jul '10 down 4 1/4  at  986 3/4   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment While there is still concern about the stage of development, overall ratings continue to improve. That and a stronger dollar pressured soybeans. November appears to be in the process of establishing a trading range between $9.40 and $10.15. The ’09 corn crop ratings improved 2% in the good to excellent category. This seems to confirm the potential for yields above this month’s 159.5 bushels estimate. Every bushel per acre adds more than 80 million bushels to the growing supply. December continues to trade between $3.40 and $3.11 ½. A close to either side of this range will suggest further movement in the direction of the breakout. Wheat Cash bid for August at Memphis  336 3/4 to 373 3/4; Bids to farmers at Local Elevators n/a; River Elevators 286-359; Chicago Futures: Sep up  7 3/4  at  478 3/4    Dec up 8  at  506 3/4    Mar '10 up  8  at  526 1/4    May '10 up  8  at  539    Jul '10 up  8 1/4  at  551 3/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for August at Memphis  556 to 563; Bids to farmers at River Elevators n/a; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for August at Memphis   312 1/2 to 318 1/2;   new crop at Memphis   n/a to - - -; Bids to farmers at River Elevators  291 to 316 Chicago Futures: Sep down  1  at  320 1/2    Dec down  1/2  at  326 1/4    Mar '10 down  1/2  at  340    Jul '10 down  3/4  at  357 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat closed higher today. Cotton & Rice  Date: August 26, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 60 at  5087   Greenwood down  60 at 5087 New York Futures: Oct down  60  at  5537    Dec down  68  at  5747    Mar '10 down  71  at  5988    May '10 down  70  at  6116    - - -   - - -  at  - - -  This week's LDP rate for cotton is  4.55 cents   The estimate for next week is  5.69 cents Cotton Comment Cotton closed lower. Inability to hold support at 58 cents could see the market dip toward the late June low just below 55 cents. Poor overall demand and prospects of ending stocks remaining in the 6 million bale range will continue to pressure the market in the near term. Improving economic conditions should begin to gradually improve demand and work the market higher. Rice Long Grain Cash Bid for  Aug/Sep 1241/cwt  to  - - -   Oct/Nov 1233  to  1241/cwt Chicago Futures: Sep down  7  at  1315    Nov down  7 1/2  at  1340 1/2    Jan '10 down  8 1/2  at  1364 1/2    Mar '10 down  9 1/2  at  1388    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice remains locked in a narrow trading range. A smaller long grain crop is expected to make stocks somewhat tighter as the marketing year progresses, but large international stocks could be a problem. With harvest activities moving along, buyers remain in a “wait and see” mode. November futures have moved to the 38% retracement area of $13.38 and slightly lower. Further pressure could move the market toward objectives at $13.11 and $12.85. Cattle & Hogs  Date: August 26, 2009 Cattle As reported by Federal-State Market News, receipts were 1,419 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold steady to $2 lower, heifers sold near steady . Steers:  Medium & Large Frame 1   400 to 450 lbs. 108.75 to - - -   500 to 500 lbs. 99.50 to - - -   600 to 650 lbs. 96.75 to - - -  Medium & Large Frame 2   400 to 450 lbs. 96 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 96.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 85.50 to - - - Slaughter Cows, Boners 42   to   46.50 Light Weight 25 to 30 Bulls, Yield Grade   1   1400   to   2300 lbs.   55   to   60, high dressing untested Midwest Steers   were $1 higher to steady   at   82   to   - - - Panhandle Steers   were $1 higher to steady   at   82   to   - - - Oklahoma City Feeders Steers 550 to 600 lbs. 105 to 111.35   600 to 650 lbs. 104 to 108.25 Heifers 500 to 550 lbs. 100 to 104.25   600 to 650 lbs. 92 to 95.50 Chicago Futures: Live Cattle: Oct down 137 at 8737   Dec down 90 at 8757 Feeders: Sep down 67 at 9930   Nov down 75 at 9970 Cattle Comment Cattle futures ended the day lower. In the cash market, packers remain on the sideline and aren’t expected to be active until late in the week. Choice cutout values are at the highest level since May and packer margins are good. Hogs Peoria: were     steady   at   24   to   26 Chicago Futures: Oct down 125 at 4705   Dec down 170 at 4540 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures closed lower as the market appears to be in a bottoming mode. Poultry  Date: August 26, 2009 Eggs New York:  Ex. Lg. 94-98; Lg. 92-96; Med. 67-71; Chicago:  Ex. Lg. 83-91; Lg. 81-89; Med. 58-66; Eastern Region Turkeys Hens: 8-16 lbs. 80-82 Toms: 16-24 lbs. 79.5-82   Delmarva Broilers U.S. Grade A The market tone was steady. Supplies of all sizes were moderate to satisfy trade needs. In production areas, live supplies were moderate at 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

From Farm to White House, Midwest Wind Farm Draws Tourism, Camp for Cooks, Farm Fresh Recipe and More

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Welcome to the August edition of Farm Fresh News. In this issue, find out what a Palmettovore is, follow the wind to a new tourism hot spot, learn what's cooking at chef camp, help bring a farmers market to the White House, and dig into a farm fresh recipe! What’s a Palmettovore? Tom Tomato, leader of the Palmettovore movement, might tell you that a Palmettovore is a South Carolinian who consumes only South Carolina-grown and processed products. Watch the video where, Mr. Tomato explains that only 6 percent of the food consumed in South Carolina was produced in-state. That’s why the Palmetto State’s Department of Agriculture launched a website to explain why foods from local farms are good for South Carolina’s economy and the environment.   Wind Farm Draws Crowds Since Bluegrass Ridge Wind Farm in King City, Missouri, began operation almost two years ago, people have come in droves to see the giant windmills up close.  Interest has been so high that a local group of residents has even applied for a grant to build a wind farm education center. Wind farms are just one way farmers are simultaneously helping to solve our energy needs while providing farms with a new source of income. Farmers Market on the White House Lawn? Maybe the lawn isn’t the best idea, but why not have a farmers market at the White House? In a recent statement about his plans for a healthier America, President Obama mentioned that his and Michelle’s next move to “walk the talk” for local food is to bring a farmers market to their front door. A farmers market selling fresh food from nearby farms could inspire the 15 million visitors that come to the nation’s capital each year. Sign our petition to the president and first lady to say “YES”: we want the Obama Administration to be leaders for local farms and food. Chefs Rise and Shine for Farm Camp In a few weeks, food professionals will make their way to New York’s Batten Kill river valley to walk farm roads, do farm chores and taste the difference pasture-raised and freshness make. At the two-day Farm Camp the connection is made between the cook, local farmers, and the land. In the end, farmers and chefs have new bonds and energy for a lasting partnership between rural farms and urban restaurants. And the cooks get to know the answer to that burning, age-old question: will a goat really eat anything? Local Flavor-Filled Recipe Nettle Meadow Goat Farm is a 50-acre 200-head goat dairy and cheese company in Thurman, New York just below Crane Mountain in the Adirondacks where happy goats = great cheese. Besides making several varieties of soft goat cheeses and semi-aged cheeses, the animal loving owners of Nettle Meadow also provide sanctuary for a number of retired and rescued farm animals which includes several young male goats looking for good homes! Baked Apples with Raisins and Chevre 6 apples 10 ounces Nettle Meadow plain chevre 1/2 cup brown sugar 1/2 cup raisins 1/4 slivered blanched almonds, toasted Core apples and spoon out circular cavity in center. Combine goat cheese and brown sugar and raisins. Spoon into hollowed apples and sprinkle with almonds. Bake uncovered at 375 degrees for 45 minutes

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