09/30/2009 Farm Bureau Market Report

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Grain & Soybean Date: September 30, 2009 Soybeans Local Elevators: (Sep) EAST AR:  906 to 922 (NC) Summ. 906 to 922 River Elevators: (Sep) MISS: 932 to 947 ; AR & White 901 to 911 (NC) Summ. 901 to 947 Ark. Processor Bids: (Sep) 916 to 918  (NC) 916 to 918 Memphis:  (Sep) 943 to 957 (NC)  942 to 943 Riceland Foods:  (Sep) Stuttgart 916 ; Pendleton 922 ; West Memphis 947 Chicago Futures: Nov up 10 at  927   Jan '10  up  11  at  933 1/2   Mar '10 up 11  at  933 1/2   Jul '10 up 10 1/4  at  929   Nov '10 up 10 1/4  at  904   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans initially reacted negatively to the quarterly stocks report, as the total of 138 million bushels carried over into the new marketing year was a bit higher than the average trade guess of 110 million. The number, however, is still relatively tight. For the time being, support at $9 is holding strong. Corn ended the day on a positive note. The quarterly stocks report showed a total carryout of 1.764 billion bushels. That is up from last year, but 45 million bushels below the average trade guess. There is still much of the crop in the field, and there are legitimate questions about the quality of what remains to be harvested. December remains stuck in the trading range that has contained the market since early July. Wheat Cash bid for September at Memphis  297 1/2 to 307 1/2; Bids to farmers at Local Elevators 373; River Elevators 413-463; Chicago Futures: Dec up  10  at  457 1/2    Mar '10 up 9 3/4  at  477    May '10 up  8 1/4  at  489 1/4    Jul '10 up  7 1/4  at  503 1/4    Sep '10 up  7 3/4  at  518 3/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for September at Memphis  596 to 614; Bids to farmers at River Elevators 518-593; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for September at Memphis   344 to 349;   new crop at Memphis   311 3/4 to 341 3/4; Bids to farmers at River Elevators  328 to 346 Chicago Futures: Dec up  3  at  344    Mar '10 up  2 3/4  at  356 3/4    Jul '10 up  2 3/4  at  373 3/4    Dec '10 up  3 1/4  at  392 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures set new lows for the down-move early in the day before closing higher. Wheat stocks were pegged at 357 million bushels larger than a year ago one quarter in to the marketing year. Technically, December looks as if it is trying to confirm a bottom. The big question is whether or not large stocks have been fully factored into prices. Cotton & Rice  Date: September 30, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 139 at  5859   Greenwood up  139 at 5859 New York Futures: Oct up  129  at  6134    Dec up  139  at  6284    Mar '10 up  141  at  6500    May '10 up  138  at  6627    - - -   - - -  at  - - -  This week's LDP rate for cotton is  3.15 cents   The estimate for next week is  4.39 cents Cotton Comment December cotton moved higher after trading lower early in the day. Recent weather in the mid-South will impact both yield and quality as harvest activities are pushed later. Overall crop ratings slipped this week, with good to excellent down a point to 49%, fair down a point to 30% and poor to very poor up two points to 21%. Rice Long Grain Cash Bid for  Sep/Oct 1237  to  1300/cwt   - - - - - -  to  - - - Chicago Futures: Nov up  1  at  1331 1/2    Jan '10 up  1  at  1357    Mar '10 up  1  at  1381 1/2    May '10 up  1  at  1405    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice posted small gains. Traders continued to show concern about the mid-South crop where rains have further delayed a late crop. This will result in both yield and quality loss and should trim future estimates of ending stocks for 09/10. Little has changed on the export market. Government intervention in Thailand continues to support prices there in light of weak demand internationally. November has resistance at the recent high of $13.63. Cattle & Hogs  Date: September 30, 2009 Cattle As reported by Federal-State Market News, receipts were 1,617 head at sales in Conway & Pochahontas.  Compared with last week, feeder steers were uneven, but near steady . Steers:  Medium & Large Frame 1   400 to 450 lbs. 104 to - - -   500 to 550 lbs. 94 to - - -   600 to 650 lbs. 81 to - - -  Medium & Large Frame 2   400 to 450 lbs. 84 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 86 to - - -  Medium & Large Frame 2   400 to 450 lbs. 76.50 to - - - Slaughter Cows, Boners 40   to   45 Light Weight 25 to 28 Bulls, Yield Grade   1   1400   to   2300 lbs.   51.50   to   58 Midwest Steers   were quoted   at   82   to   83 Panhandle Steers   were quoted   at   82   to   - - - Oklahoma City Feeders Steers 550 to 600 lbs. 97.50 to 105.75   600 to 650 lbs. 93 to 102.25 Heifers 500 to 550 lbs. 97.60 to 103.50   550 to 600 lbs. 95 to 101.75 Chicago Futures: Live Cattle: Oct down 5 at 8560   Dec up 52 at 8612 Feeders: Oct up 70 at 9650   Nov up 85 at 9662 Cattle Comment Live cattle futures ended mostly higher. Weakness in the hog pit limited gains, as did weakness in stocks. The weaker dollar, however, sparked optimism about improving demand. October is trending lower and would need to close above $87 to break out of the trend. Hogs Peoria: were     steady   at   28   to   30 Chicago Futures: Oct down 20 at 5007   Dec down 57 at 4960 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures turned sharply lower. Yesterday’s $1.41 decline in cutout values sparked the selloff. Poultry  Date: September 30, 2009 Eggs New York:  Ex. Lg. 99-103; Lg. 97-101; Med. 76-80; Chicago:  Ex. Lg. 86-94; Lg. 84-92; Med. 71-79; Eastern Region Turkeys Hens: 8-16 lbs. 78-82 Toms: 16-24 lbs. 78-82   Delmarva Broilers U.S. Grade A The market tone was about steady to barely steady. Demand was light to moderate with trading usually limited to regular commitments. Supplies of all sizes were moderate to heavy to satisfy current trade needs. In production areas live supplies were moderate at desirable to heavy weights. ---------------------------------------- HOW TO UNSUBSCRIBE You are receiving this newsletter because you requested that your e-mail address be added to the Arkansas Farm Bureau Market Report. To unsubscribe or change your subscription information, go to http://www.arfb.com/commodity_marketing/email/ ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

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	September 30, 2009 Agriculture's Opportunity in Clean Energy Legislation   Join us for a Webinar on October 8     Space is limited. Reserve your Webinar seat now at: https://www2.gotomeeting.com/register/898657490   Do you want to know more about how legislation from the U.S. Senate could benefit farmers, ranchers and the environment? American Farmland Trust is hosting a national webinar to preview the Senate's agriculture package for clean energy legislation. Learn how agriculture can benefit from climate change legislation opportunities while providing the most cost-effective solutions to climate change! Please join us for, "Agriculture's Opportunity in Clean Energy Legislation" on October 8th from 2:00 PM - 3:00 PM EDT. Farmers, ranchers, agricultural leaders, policy makers, media and interested citizens are invited to learn about: *  a preview of the Senate's agriculture package for clean energy legislation *  economic opportunities available to agriculture under a     cap & trade system *  how a cap and trade system works *  Examples of success stories Check out our webpage in advance of the webinar to read background materials about agriculture’s role in Climate Change legislation. A webinar is an internet learning session, where a presentation is shown online while a speaker presents via conference call. Webinars are interactive. When you log into our webinars, you will be able to "chat" directly with a webinar organizer from American Farmland Trust. As time allows, questions will be answered during the Q&A session following the presentations. Background papers and more information on how to register can be found online.   Title:   Agriculture's Opportunity in Clean Energy Legislation       Date:   Thursday, October 8, 2009       Time:   2:00 PM - 3:00 PM EDT   After registering you will receive a confirmation email containing information about joining the Webinar.     System Requirements PC-based attendees Required: Windows® 2000, XP Home, XP Pro, 2003 Server, Vista   Macintosh®-based attendees Required: Mac OS® X 10.4 (Tiger®) or newer

 

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09/29/2009 Farm Bureau Market Report

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Grain & Soybean Date: September 29, 2009 Soybeans Local Elevators: (Sep) EAST AR:  898 to 914 (NC) Summ. 898 to 914 River Elevators: (Sep) MISS: 932 to 939 ; AR & White 896 to 906 (NC) Summ. 896 to 939 Ark. Processor Bids: (Sep) 908 to - - -  (NC) 908 to - - - Memphis:  (Sep) 933 to 947 (NC)  932 to 933 Riceland Foods:  (Sep) Stuttgart 908 ; Pendleton 914 ; West Memphis 939 Chicago Futures: Nov down 2 1/2 at  917   Jan '10  down  2  at  922 1/2   Mar '10 down 1 1/2  at  922 1/2   Jul '10 down 2 3/4  at  918 3/4   Nov '10 unchanged   at  893 3/4   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans turned lower this morning. Good weather almost assures a record soybean crop, perhaps larger than USDA’s September estimate. Strong demand is supporting the market. Tomorrow’s quarterly stocks report is expected to confirm that we started the marketing year with tight stocks. For the time being, support at $9 is holding strong. Corn posted gains again today. There is still much of the crop in the field, and there are legitimate questions about the quality of what remains to be harvested. December has resistance at $3.47 ¾. Wheat Cash bid for September at Memphis  284 1/2 to 297 1/4; Bids to farmers at Local Elevators 366; River Elevators 406-456; Chicago Futures: Dec down  8 1/4  at  447 1/2    Mar '10 down 8  at  467 1/4    May '10 down  9  at  481    Jul '10 down  9 1/4  at  496    Sep '10 down  9 1/4  at  511    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for September at Memphis  600 to 613; Bids to farmers at River Elevators 513-588; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for September at Memphis   351 to 352;   new crop at Memphis   309 1/4 to 339 1/4; Bids to farmers at River Elevators  330 to 348 Chicago Futures: Dec up  2 1/4  at  341    Mar '10 up  2 3/4  at  354    Jul '10 up  2 3/4  at  371    Dec '10 up  2 1/4  at  389 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures set new lows for the down-move. December violated resistance around $4.50, which has been the bottom of the trading range that has contained the market for the past few weeks. The huge world wheat crop and disappointing U.S. exports will keep a lid on the market. Cotton & Rice  Date: September 29, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 145 at  5720   Greenwood down  145 at 5720 New York Futures: Oct down  145  at  6005    Dec down  145  at  6145    Mar '10 down  141  at  6359    May '10 down  141  at  6489    - - -   - - -  at  - - -  This week's LDP rate for cotton is  3.15 cents   The estimate for next week is  4.12 cents Cotton Comment December cotton charted another bearish outside day—the second this week. The recent uptrend was violated in the process. Recent weather in the mid-South will impact both yield and quality as harvest activities are pushed later. Overall crop ratings slipped this week, with good to excellent down a point to 49%, fair down a point to 30% and poor to very poor up two points to 21%. Rice Long Grain Cash Bid for  Sep/Oct 1236  to  1300/cwt   - - - - - -  to  - - - Chicago Futures: Nov up  10  at  1330 1/2    Jan '10 up  10 1/2  at  1356    Mar '10 up  10 1/2  at  1380 1/2    May '10 up  10  at  1404    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice posted solid gains. Traders continued to show concern about the mid-South crop where rains have further delayed a late crop. This will result in both yield and quality loss and should trim future estimates of ending stocks for 09/10. Cattle & Hogs  Date: September 29, 2009 Cattle As reported by Federal-State Market News, receipts were 1,516 head at sales in Fort Smith & Heber Springs.  Compared with last week, feeder steers sold steady to $3 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 109.75 to - - -   500 to 550 lbs. 99 to - - -   600 to 650 lbs. 90 to - - -  Medium & Large Frame 2   400 to 450 lbs. 97 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 94.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 84.25 to - - - Slaughter Cows, Boners 41   to   45 Light Weight 25 to 30 Bulls, Yield Grade   1   1000   to   2100 lbs.   53   to   55.50, high dressing 56-60 Midwest Steers   n/a   at   - - -   to   - - - Panhandle Steers   n/a   at   - - -   to   - - - Oklahoma City Feeders Steers 550 to 600 lbs. 106 to 112   600 to 650 lbs. 100 to 105.35 Heifers 500 to 550 lbs. 97.60 to 103.50   550 to 600 lbs. 95 to 101.75 Chicago Futures: Live Cattle: Oct down 45 at 8565   Dec down 17 at 8560 Feeders: Oct down 65 at 9580   Nov down 77 at 9577 Cattle Comment Live cattle futures ended lower. Weak beef demand and subsequently slow packer demand is weighing on the market. October is trending lower and would need to close above $87 to break out of the trend. Hogs Peoria: were $1     higher   at   28   to   30 Chicago Futures: Oct up 40 at 5027   Dec up 45 at 5017 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures traded in a narrow range before closing higher. Strength in wholesale pork prices supported futures. Poultry  Date: September 29, 2009 Eggs New York:  Ex. Lg. 99-103; Lg. 97-101; Med. 76-80; Chicago:  Ex. Lg. 86-94; Lg. 84-92; Med. 71-79; Eastern Region Turkeys Hens: 8-16 lbs. 78-82 Toms: 16-24 lbs. 78-82   Delmarva Broilers U.S. Grade A The market tone was barely steady. Demand was light to moderate with limited trading approaching first of the month. Supplies of all sizes were moderate to heavy to satisfy current trade needs. In production areas live supplies were moderate at desirable to heavy weights. ---------------------------------------- HOW TO UNSUBSCRIBE You are receiving this newsletter because you requested that your e-mail address be added to the Arkansas Farm Bureau Market Report. To unsubscribe or change your subscription information, go to http://www.arfb.com/commodity_marketing/email/ ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

09/28/2009 Farm Bureau Market Report

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Grain & Soybean Date: September 28, 2009 Soybeans Local Elevators: (Sep) EAST AR:  901 to 917 (NC) Summ. 901 to 917 River Elevators: (Sep) MISS: 937 to 950 ; AR & White 900 to 910 (NC) Summ. 898 to 942 Ark. Processor Bids: (Sep) 911 to - - -  (NC) 911 to - - - Memphis:  (Sep) 937 1/2 to 964 1/2 (NC)  935 1/2 to 937 1/2 Riceland Foods:  (Sep) Stuttgart 911 ; Pendleton 917 ; West Memphis 942 Chicago Futures: Nov down 6 1/2 at  919 1/2   Jan '10  down  6 1/2  at  924 1/2   Mar '10 down 8  at  924   Jul '10 down 11  at  921 1/2   Nov '10 down 12 3/4  at  893 3/4   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans turned lower this morning. Good weather almost assures a record soybean crop, perhaps larger than USDA’s September estimate. Strong demand is supporting the market. USDA announced today that China purchased another 225,000 tons. For the time being, support at $9 is holding strong. Corn posted gains again today. Active fund buying supported prices. There is still much of the crop in the field, and there are legitimate questions about the quality of what remains to be harvested. Resistance for December begins at $3.40. Wheat Cash bid for September at Memphis  292 3/4 to 305 3/4; Bids to farmers at Local Elevators 375; River Elevators 407-430; Chicago Futures: Dec up  6  at  455 3/4    Mar '10 up 5 1/2  at  475 1/4    May '10 up  5 1/2  at  490    Jul '10 up  4 1/2  at  505 1/4    Sep '10 up  4  at  520 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for September at Memphis  591 to 626; Bids to farmers at River Elevators 509-584; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for September at Memphis   348 3/4 to 349 3/4;   new crop at Memphis   306 1/4 to 336 1/4; Bids to farmers at River Elevators  328 to 346 Chicago Futures: Dec up  4 3/4  at  338 3/4    Mar '10 up  4 1/2  at  351 1/4    Jul '10 up  4 1/2  at  368 1/4    Dec '10 up  4 1/4  at  387 1/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures ended higher, recouping a portion of Friday’s huge losses. There wasn’t any fundamental reason for the selloff, just profit taking, suggesting that the funds aren’t committed to the long side of the wheat market. The huge world wheat crop and disappointing U.S. exports will keep a lid on the market. Cotton & Rice  Date: September 28, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 86 at  5865   Greenwood up  86 at 5865 New York Futures: Oct up  90  at  6150    Dec up  96  at  6290    Mar '10 up  106  at  6500    May '10 up  111  at  6630    - - -   - - -  at  - - -  This week's LDP rate for cotton is  3.15 cents   The estimate for next week is  3.92 cents Cotton Comment December cotton moved higher today instead of following through on Friday’s bearish reversal. Resistance just below 65.50 appears to be tough to break. Recent weather in the mid-South will impact both yield and quality as harvest activities are pushed later. A smaller crop will lower ending stocks expectations and combined with improving economic conditions should give the market a boost at some point later in the 09/10 marketing year. Rice Long Grain Cash Bid for  Sep/Oct 1226  to  1300/cwt   - - - - - -  to  - - - Chicago Futures: Nov up  12  at  1320 1/2    Jan '10 up  11 1/2  at  1345 1/2    Mar '10 up  11  at  1370    May '10 up  10 1/2  at  1394    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice posted solid gains. Traders continued to show concern about the mid-South crop where rains have further delayed a late crop. This will result in both yield and quality loss and should trim future estimates of ending stocks for 09/10. Cattle & Hogs  Date: September 28, 2009 Cattle As reported by Federal-State Market News, receipts were 2,339 head at sales in Springdale & Ola.  Compared with last week, feeder steers were mixed, steers steady to $2 higher, heifers weak to $3 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 109.25 to - - -   500 to 550 lbs. 102 to - - -   600 to 650 lbs. 93.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 98 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 91 to - - -  Medium & Large Frame 2   400 to 450 lbs. 83.25 to - - - Slaughter Cows, Boners 38   to   46 Light Weight 30 to 36 Bulls, Yield Grade   1   1000   to   2100 lbs.   50   to   56.50, high dressing 57-60.50 Midwest Steers   were $3.50 lower to steady   at   81   to   84.50 Panhandle Steers   were $1.50 lower to steady   at   84   to   84.50 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 5 at 8610   Dec up 42 at 8577 Feeders: Oct down 15 at 9645   Nov down 17 at 9655 Cattle Comment Live cattle futures mixed. October charted a bullish reversal, but has resistance at $86.50 that is limiting the upside. Recent strength in corn has taken its toll on feeders. Hogs Peoria: were     steady   at   27   to   29 Chicago Futures: Oct down 7 at 4987   Dec up 70 at 4972 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures ended lower after trading higher early. The Quarterly Hogs and Pigs report came in very near the average industry guess. Modest herd liquidation was reported in both market hogs and breeding stock. Poultry  Date: September 28, 2009 Eggs New York:  Ex. Lg. 99-103; Lg. 97-101; Med. 76-80; Chicago:  Ex. Lg. 86-94; Lg. 84-92; Med. 71-79; Eastern Region Turkeys Hens: 8-16 lbs. 78-82 Toms: 16-24 lbs. 78-82   Delmarva Broilers U.S. Grade A The market tone was barely steady. Retail and food service demand was light to moderate following the weekend. Supplies of all sizes were sufficient to more than sufficient to satisfy current trade needs. In production areas, live supplies were moderate at desirable to heavy weights. ---------------------------------------- HOW TO UNSUBSCRIBE You are receiving this newsletter because you requested that your e-mail address be added to the Arkansas Farm Bureau Market Report. To unsubscribe or change your subscription information, go to http://www.arfb.com/commodity_marketing/email/ ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

09/25/2009 Farm Bureau Market Report

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Grain & Soybean Date: September 25, 2009 Soybeans Local Elevators: (Sep) EAST AR:  907 to 923 (NC) Summ. 907 to 923 River Elevators: (Sep) MISS: 948 to 956 ; AR & White 907 to 922 (NC) Summ. 907 to 948 Ark. Processor Bids: (Sep) 917 to - - -  (NC) 917 to - - - Memphis:  (Sep) 948 to 1006 (NC)  942 to 944 Riceland Foods:  (Sep) Stuttgart 917 ; Pendleton 923 ; West Memphis 948 Chicago Futures: Nov up 6 1/2 at  926   Jan '10  up  6 1/2  at  931   Mar '10 up 5 1/2  at  932   Jul '10 up 4  at  932 1/2   Nov '10 up 5 1/2  at  906 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans ended the week on a positive note. Strong export sales are supporting the market despite the potential for a record harvest. Exports are currently 88% greater than last year at this time. Good weather almost assures a record soybean crop, perhaps larger than USDA’s September estimate. For the time being, support at $9 is holding strong. Corn turned lower, but December support at $3.00 looks solid for the time being. The market appears to have the huge crop already built in to current prices. Crude oil has lost ground this week, but strength in corn has continued. There is still much of the crop in the field, and there are legitimate questions about the quality of what remains to be harvested. Wheat Cash bid for September at Memphis  285 3/4 to 299 3/4; Bids to farmers at Local Elevators 371; River Elevators 400-423; Chicago Futures: Dec down  23 1/4  at  449 3/4    Mar '10 down 23  at  569 3/4    May '10 down  22 1/4  at  484 1/2    Jul '10 down  18 1/2  at  500 3/4    Sep '10 down  18  at  516 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for September at Memphis  n/a to - - -; Bids to farmers at River Elevators 500-575; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for September at Memphis   344 to 346;   new crop at Memphis   302 1/4 to 332 1/4; Bids to farmers at River Elevators  324 to 342 Chicago Futures: Dec down  2 1/2  at  334    Mar '10 down  3  at  346 3/4    Jul '10 down  3 1/4  at  363 3/4    Dec '10 down  3  at  383    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures posted sharp losses. Old crop December posted a bearish key reversal and broke out the bottom of the recent trading range that had held the market for the past few weeks. The upside continues to be limited by weak demand—exports are down 40% for the marketing year. Cotton & Rice  Date: September 25, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 277 at  5779   Greenwood down  277 at 5779 New York Futures: Oct down  246  at  6060    Dec down  287  at  6194    Mar '10 down  269  at  6394    May '10 down  266  at  6519    - - -   - - -  at  - - -  This week's LDP rate for cotton is  3.15 cents   The estimate for next week is  2.97 cents Cotton Comment December cotton charted a bearish key reversal today after failing to push above the recent high just below 65.50 cents. Today’s action appears to be technical in nature. Recent weather in the mid-South will impact both yield and quality as harvest activities are pushed later. A smaller crop will lower ending stocks expectations and combined with improving economic conditions should give the market a boost at some point later in the 09/10 marketing year. Rice Long Grain Cash Bid for  Sep/Oct/Nov 1214/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Nov up  2 1/2  at  1308 1/2    Jan '10 up  3 1/2  at  1334    Mar '10 up  3 1/2  at  1359    May '10 up  3 1/2  at  1383 1/2    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice ended a bit higher after a roller-coaster week. Global demand remains slow, and that is limiting futures. Traders continued to show concern about the mid-South crop where rains have further delayed a late crop. This will result in both yield and quality loss and should trim future estimates of ending stocks for 09/10. Cattle & Hogs  Date: September 25, 2009 Cattle As reported by Federal-State Market News, receipts were 14,230 head at sales in Arkansas this week.  Compared with last week, feeder steers sold steady to $2 lower. Feeder heifers $1-5 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 110 to - - -   500 to 550 lbs. 96.25 to - - -   600 to 650 lbs. 89.75 to - - -  Medium & Large Frame 2   400 to 450 lbs. 97 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 90 to - - -  Medium & Large Frame 2   400 to 450 lbs. 83.25 to - - - Slaughter Cows, Boners 38.50   to   45.50 Light Weight 27 to 35 Bulls, Yield Grade   1   1000   to   2100 lbs.   51.60   to   56, high dressing 56.50-61 Midwest Steers   were $2.50 higher   at   84.50   to   - - - Panhandle Steers   were $2.50 higher   at   84.50   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 98 to 110   600 to 650 lbs. 95 to 106.75 Heifers 500 to 550 lbs. 85 to 102   600 to 650 lbs. 86 to 98.85 Chicago Futures: Live Cattle: Oct down 5 at 8605   Dec up 7 at 8535 Feeders: Oct down 52 at 9660   Nov down 55 at 9672 Cattle Comment Live cattle futures were little-changed today. October has resistance at $86.50 that is limiting the upside. Recent strength in corn has taken its toll on feeders. Hogs Peoria: were     steady   at   27   to   29 Chicago Futures: Oct down 27 at 4995   Dec down 32 at 4902 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures ended lower as traders bided their time ahead of this afternoon’s inventory report. The market is expecting the breeding herd to be about 3% smaller than a year ago at this time. Poultry  Date: September 25, 2009 Eggs New York:  Ex. Lg. 99-103; Lg. 97-101; Med. 76-80; Chicago:  Ex. Lg. 84-92; Lg. 82-90; Med. 67-75; Eastern Region Turkeys Hens: 8-16 lbs. 78-82 Toms: 16-24 lbs. 78-82   Delmarva Broilers U.S. Grade A The market tone was barely steady. Supplies of all sizes were more than sufficient to satisfy current trade needs. In production areas, live supplies were moderate at desirable to heavy weights. ---------------------------------------- HOW TO UNSUBSCRIBE You are receiving this newsletter because you requested that your e-mail address be added to the Arkansas Farm Bureau Market Report. To unsubscribe or change your subscription information, go to http://www.arfb.com/commodity_marketing/email/ ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use