06/05/2008 Farm Bureau Market Report

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Grain & Soybean Date: June 05, 2008 Soybeans Local Elevators: (Jun) EAST AR:  1375 to 1399 (NC) Summ. 1324 to 1356 River Elevators: (Jun) MISS: 1362 to 1401 ; AR & White 1387 to 1399 (NC) Summ. 1330 to 1364 Ark. Processor Bids: (Jun) 1382 to 1390  (NC) 1352 to 1354 Memphis:  (Jun) 1428 to 1438 (NC)  1362 to - - - Riceland Foods:  (Jun) Stuttgart 1390 ; Pendleton 1399 ; West Memphis 1490 Chicago Futures: Jul up 63 at  1452   Aug  up  59 3/4  at  1454 1/4   Sep up 54 3/4  at  1438 1/2   Nov up 52 1/4  at  1432   Nov '09 up 38 1/2  at  1403   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans gapped higher and ended the day sharply higher. November futures gapped higher and ended near the day’s highs, just 34 cents short of early March contract high. Weather impacts including late planting, have the market concerned. Further support came from the ongoing strike in Argentina, strength in oil and a big reversal in the dollar. Corn was also boosted by many of the same concerns with December gapping higher and closing just under the new contract high of $6.71. A move toward $7 is certainly possible. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 538-565; River Elevators 541-596; Chicago Futures: Jul up  32 1/2  at  785 1/2    Sep up 32 1/4  at  801 3/4    Dec up  32  at  824 1/2    Mar '09 up  29  at  847    Jul '09 up  29 3/4  at  870    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  1042 to 1050; Bids to farmers at River Elevators 961-1036; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   608 1/4 to 615 1/4;   new crop at Memphis   601 to - - -; Bids to farmers at River Elevators  578 to 605 Chicago Futures: Jul up  29 3/4  at  643 1/4    Sep up  28 1/4  at  656    Dec up  27 3/4  at  670 3/4    Dec '09 up  19 1/4  at  634 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat regained losses of the past two days, closing just under Monday’s high. Export sales remain flat as evidenced by the very wide basis being seen at the Gulf. That is currently $1.50 to $1.75 under July, which puts local basis levels near $2.00. Harvest pressure will keep levels extremely wide. Cotton & Rice  Date: June 05, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 33 at  5790   Greenwood up  33 at 5790 New York Futures: Jul up  40  at  6472    Dec up  24  at  7310    Mar '09 down  15  at  7843    May '09 up  10  at  8023    Jul '09 up  3  at  8150  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton closed slightly higher as the market failed to respond to across the board gains in soybeans and grains. December briefly backed up to prior support at 74 cents, but didn’t have enough momentum to move higher and remains under technical pressure as Monday’s decline opened the market to further technical selling and possible test of chart support near 71 cents. Big U.S. and world supplies and limited demand will keep the market under pressure. Prospects of a 10 million bale carryover in the U.S. points to potentially lower price levels, unless major problems are seen with this year’s crop. Rice Long Grain Cash Bid for  Jun 1936/cwt  to  - - -   Jul 1936/cwt  to  - - - Chicago Futures: Jul up  75  at  1936    Sep up  51 1/2  at  1859 1/2    Jan '09 up  49  at  1892    Mar '09 up  44  at  1922    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment What a difference a day makes – yesterday rice dropped the limit and today it was sharply higher influenced by strong gains in soybeans, wheat and corn. A weaker dollar and stronger crude oil provided support. On the international side reports suggest several factors are contributing to a less stressful supply situation. Japan is expected to release some stocks, Vietnam has indicated they will lift their export ban on July 1 and India is going to allow exports to some West African countries. This has allowed price levels to move a little lower. They now appear to be stabilizing in the $800 to $900 range. U.S. offers have softened slightly but downside would appear to be limited long term. Technically, November futures should have support between $17.50 and $18.00, if not there, just under $16.50. Cattle & Hogs  Date: June 05, 2008 Cattle As reported by Federal-State Market News, receipts were 2,245 head at sales in Ratcliff & Green Forest.  Compared with last week, feeder steers sold mostly unevenly, steers under 450 lbs. steady to $3 higher, over 450 lbs. weak to $4 lower. Feeder heifers under 500 lbs. $1-3 lower, over 500 lbs. steady to $2 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 120.84 to - - -   500 to 550 lbs. 112.43 to - - -   600 to 650 lbs. 108.96 to - - -  Medium & Large Frame 2   400 to 450 lbs. 108.54 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 106.55 to - - -  Medium & Large Frame 2   400 to 450 lbs. 101.56 to - - - Slaughter Cows, Boners 48   to   52.50 Light Weight 31 to 38 Bulls, Yield Grade   1-2   1000   to   2100 lbs.   63   to   68.50 Midwest Steers   were $1 lower to steady   at   92   to   93 Panhandle Steers   were $2-1 lower   at   92   to   93 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 50 at 10100   Dec up 80 at 10877 Feeders: Aug down 90 at 11282   Oct down 62 at 11502 Cattle Comment Cattle futures were mixed with live contracts higher and feeders mostly lower. Good beef movement is being seen as retailers have stepped up their featuring activities. Good packer margins are supportive for current bids. Hogs Peoria: were $1     lower   at   47.5   to   46 Chicago Futures: Aug up 25 at 7712   Oct up 130 at 7465 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures were slightly lower as higher soybean and corn values added pressure. Ample hog supplies are also a factor. Poultry  Date: June 05, 2008 Eggs New York:  Ex. Lg. 118-122; Lg. 116-120; Med. 101-105; Chicago:  Ex. Lg. 97-105; Lg. 95-103; Med. 87-95; Eastern Region Turkeys Hens: 8-16 lbs. 90-92 Toms: 16-24 lbs. 90-92   Delmarva Broilers U.S. Grade A n/a ---------------------------------------- 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 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

FWD: Morning Manna (June 5); BP: Job 1; RBTTY: Jn. 15; II Chron. 23-24

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Wed, 4 Jun 2008 10:30:35 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (June 5); BP: Job 1; RBTTY: Jn. 15; II Chron. 23-24
 

June 5                                                                                                   “Blessed Be the Name of the Lord”

 

“Then Job arose and rent his mantle and shaved his head and fell down upon the ground and worshipped and said, ‘Naked came I out of my mother’s womb and naked shall I return thither; the Lord gave and the Lord has taken away—blessed be the Name of the Lord’.”

                                                                                                                                                     Job 1:20-21

     Remembering this will help our barren times to still be blessed.

     What do you do when everything’s falling apart and everything you hold dear has been stripped away from you?  What do you do when your children are killed and all you have left is precious memories?

 

     Well, you can become bitter, “curse God and die” (2:9) or you can follow the example of Job, who still worshipped the Lord in the midst of his great grief.  There’s no way to put into words the depth of anguish and despair that he felt; that’s why the Holy Spirit prays for us “with groanings which cannot be uttered” (Rom. 8:26).

 

     It is these “baffled sighs of emotion” that form eloquent prayers and catch the ear of God.  No doubt these are the same type groanings Jesus expressed that day at Lazarus’ tomb when Mary, Martha and the hired mourners failed to understand His message of “I am the Resurrection and the Life” (Jn. 11:23-27, 33, 38).

 

     Thus, we can rest assured that Job’s “grief-groanings” were heard by the Lord God Sabaoth (“The Lord of Hosts”)—for His ear is always attentive to the cries of those who trust Him (Ps. 40:1-3).

 

     Even so, Job still expressed his grief in the usual way in his day-and-age by “tearing his robe, shaving his head, falling down on the ground and throwing ashes over his head into the air” (cf. 2:8).  It’s impossible to hide such intense grief; however, in the midst of it we should not be “as those who have no hope” (I Thess. 4:13-18).  Instead, like Job, we should conclude “I came into this world with nothing and it’s certain I’m going to leave the same way.  There’ll be no U-Haul behind my hearse—for I’ll leave everything behind.

 

     “But, in the midst of it all I will still say ‘Blessed be the Name of the Lord.’  God forbid that I should ever consider anything in this life—my possessions, my family, etc.—as ‘mine’. . .for they are all on loan to me. . .and, therefore, I should hold onto them lightly.”

 

     Oh, dear Pilgrim, are you going through a particularly difficult time right now?  Are you finding it difficult to say “Blessed be the Name of the Lord?”  Or, are you feeling less than “blessed” when others “revile you and persecute you and say all manner of evil against you falsely for Christ’s sake” (Mt. 5:11)?

 

     If so, stop right now and will yourself to say (and mean it), “Blessed be the Name of the Lord.”  Then, do it again.  And, soon you’ll find that you can “rejoice and leap for joy—for great is your reward in Heaven” (Lk. 6:23).

06/04/2008 Farm Bureau Market Report

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Grain & Soybean Date: June 04, 2008 Soybeans Local Elevators: (Jun) EAST AR:  1312 to 1336 (NC) Summ. 1272 to 1304 River Elevators: (Jun) MISS: 1289 to 1359 ; AR & White 1324 to 1336 (NC) Summ. 1278 to 1312 Ark. Processor Bids: (Jun) 1319 to 1327  (NC) 1300 to 1302 Memphis:  (Jun) 1363 to 1369 (NC)  1308 3/4 to 1309 3/4 Riceland Foods:  (Jun) Stuttgart 1327 ; Pendleton 1336 ; West Memphis 1356 Chicago Futures: Jul up 29 1/2 at  1389   Aug  up  29 1/2  at  1394 1/2   Sep up 27 3/4  at  1383 3/4   Nov up 26  at  1379 3/4   Nov '09 up 15 3/4  at  1364 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment November soybean futures broke out of a tight trading range to close at the highest level since mid-March. This technical breakout could lead to a retest of resistance at the early March high of $14.66. This was an exceptionally strong showing considering crude oil declined and the dollar strengthened. Late planting and tightening stocks contributed to the upturn. Corn made solid gains with December just 12 cents below the contract high. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 515-542; River Elevators 510-563; Chicago Futures: Jul up  2 1/2  at  753    Sep up 2 1/2  at  769 1/2    Dec up  2 3/4  at  792 1/2    Mar '09 up  7  at  818    Jul '09 down  1/4  at  840 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  990 to 997; Bids to farmers at River Elevators 909-970; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   579 1/2 to 586 1/2;   new crop at Memphis   572 3/4 to - - -; Bids to farmers at River Elevators  550 to 576 Chicago Futures: Jul up  6 1/2  at  614 1/2    Sep up  6 1/2  at  627 3/4    Dec up  6 3/4  at  643    Dec '09 up  7 1/2  at  615 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat was a bit higher, recovering a little from yesterday’s selloff. Beneficial rains in Australia were apparently figured in yesterday. Harvest is getting underway now and will limit the upside. Support for July begins at the recent low of $7.31. Cotton & Rice  Date: June 04, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 9 at  5757   Greenwood up  9 at 5757 New York Futures: Jul down  6  at  6415    Dec down  20  at  7263    Mar '09 down  37  at  7820    May '09 down  13  at  8014    Jul '09 down  31  at  8150  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment For the second day in a row, cotton futures trimmed big losses late in the session but remains under technical pressure as Monday’s decline opened the market to further technical selling and possible test of chart support near 71 cents. Big U.S. and world supplies and limited demand will keep the market under pressure. Prospects of a 10 million bale carryover in the U.S. points to potentially lower price levels, unless major problems are seen with this year’s crop. Rice Long Grain Cash Bid for  Jun 1861/cwt  to  - - -   Jul 1861/cwt  to  - - - Chicago Futures: Jul down  50  at  1861    Sep down  50  at  1808    Jan '09 down  50  at  1843    Mar '09 down  50  at  1878    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures dropped the limit as the market adjusts to a much more subdued situation. On the international side reports suggest several factors are contributing to a less stressful supply situation. Japan is expected to release some stocks, Vietnam has indicated they will lift their export ban on July 1 and India is going to allow exports to some West African countries. This has allowed price levels to move a little lower. They now appear to be stabilizing in the $800 to $900 range. U.S. offers have softened slightly but downside would appear to be limited long term. Technically, November futures should have support between $17.50 and $18.00, if not there, just under $16.50. Cattle & Hogs  Date: June 04, 2008 Cattle As reported by Federal-State Market News, receipts were 1,098 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold steady to $2 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 118.09 to - - -   500 to 550 lbs. 112.87 to - - -   600 to 650 lbs. 107.34 to - - -  Medium & Large Frame 2   400 to 450 lbs. 101.55 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 105.44 to - - -  Medium & Large Frame 2   400 to 450 lbs. 93.75 to - - - Slaughter Cows, Boners 53   to   59 Light Weight 38 to 42.50 Bulls, Yield Grade   1   1000   to   2100 lbs.   65   to   70, high dressing $71-74 Midwest Steers   were $1-1.50 lower   at   93   to   - - - Panhandle Steers   were $.50 lower   at   94   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 124.50 to 130   550 to 600 lbs. 116 to 121 Heifers 500 to 550 lbs. 111 to 114.50   600 to 650 lbs. 107.75 to 113.50 Chicago Futures: Live Cattle: Aug up 25 at 10050   Dec down 7 at 10797 Feeders: Aug down 5 at 11372   Oct down 35 at 11565 Cattle Comment Live cattle were mixed. The situation in South Korea is still affecting futures. Improving beef values limited losses. Packer cutbacks are expected to limit the week’s slaughter partially offsetting a brief lull in seasonal demand. Longer term the market appears to have good upside potential. Hogs Peoria: were $1     lower   at   46.5   to   47 Chicago Futures: Aug down 47 at 7687   Oct up 2 at 7335 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs ended lower again today. Weak pork values and lower cash prices pressured futures. Today’s spike down to $76.05 will be the first level of support for August. Poultry  Date: June 04, 2008 Eggs New York:  Ex. Lg. 114-118; Lg. 112-116; Med. 99-103; Chicago:  Ex. Lg. 90-99; Lg. 89-98; Med. 81-90; Eastern Region Turkeys Hens: 8-16 lbs. 90-92 Toms: 16-24 lbs. 90-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand into all channels was light to moderate, best for retail and fast food. Supplies of all sizes were at least sufficient to handle trade needs. In production areas live supplies were moderate at mixed, but mostly lighter 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 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

06/03/2008 Farm Bureau Market Report

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Grain & Soybean Date: June 03, 2008 Soybeans Local Elevators: (June) EAST AR:  1283 to 1307 (NC) Summ. 1246 to 1278 River Elevators: (June) MISS: 1260 to 1329 ; AR & White 1295 to 1306 (NC) Summ. 1252 to 1286 Ark. Processor Bids: (June) 1290 to 1298  (NC) 1274 to 1276 Memphis:  (June) 1234 1/2 to 1336 1/2 (NC)  1283 3/4 to - - - Riceland Foods:  (June) Stuttgart 1298 ; Pendleton 1307 ; West Memphis 1327 Chicago Futures: July down 6 at  1359 1/2   Aug  down  5 3/4  at  1365   Sept down 5  at  1356   Nov down 4 3/4  at  1353 3/4   Nov '09 down 3 1/4  at  1348 3/4   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans closed lower after losing early gains. A weaker undertone in corn and wheat contributed to the late decline, which was also helped by strength in the dollar. Overall trading remained within the recent trading range that has pushed above $13.70 several times over the last 3 weeks. Potential CFTC changes in position reporting, or perhaps even limits on holdings has the market a little wary. Last week’s low of $13.10 remains short term support for November futures. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 548-561; River Elevators 507-574; Chicago Futures: July down  32  at  750 1/2    Sept down 31 3/4  at  767    Dec down  30 1/2  at  789 3/4    March '09 down  29 1/2  at  811    July '09 down  17 1/2  at  840 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  979 to 988; Bids to farmers at River Elevators 898-959; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   573 to 580;   New crop at Memphis   566 1/4 to - - -; Bids to farmers at River Elevators  543 to 570 Chicago Futures: July down  7 3/4  at  608    Sept down  7 3/4  at  621 1/4    Dec down  7  at  636 1/4    Dec '09 down  1  at  608    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat gave back all of yesterday’s gains. The weekly crop ratings might have sparked the selloff. 47% of the crop is rated good to excellent, and while that is uninspiring, it is unchanged from last week. Since the trade was expecting a decline in the ratings, the report was bearish. Beneficial rains falling in Australia were also disappointing. Support for July begins at the recent low of $7.31. Cotton & Rice  Date: June 03, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis down 123 at  5746   Greenwood down  123 at 5746 New York Futures: July down  123  at  6421    Dec down  133  at  7283    March '09 down  127  at  7857    May '09 down  132  at  8027    July '09 down  138  at  8181  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment December cotton trimmed early losses but remained under pressure as yesterday’s decline opened the market to further technical selling and possible test of chart support near 71 cents. Big U.S. and world supplies and limited demand will keep the market under pressure. Prospects of a 10 million bale carryover in the U.S. points to potentially lower price levels, unless major problems are seen with this year’s crop. Rice Long Grain Cash Bid for  June 1900/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: July up  31  at  1911    Sept up  23  at  1858    Jan '09 up  19  at  1893    Mar '09 up  21  at  1928    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures reversed yesterday’s decline and closed higher in another day of limited trade. While the overall fundamental situation is unchanged - tight U.S. and world stocks – there is a more subdued situation than just a month ago. At that point the feeding frenzy was pushing international values higher every day. A recent sale by Thailand to Malaysia at about $950 per metric tonne has seen values settle in the $950 to $1,000 range. In the U.S. some additional acreage probably resulted from the higher level, but all in all, the supply situation will remain tight. Current November support is just under $18. Cattle & Hogs  Date: June 03, 2008 Cattle As reported by Federal-State Market News, receipts were 1300 head at sales in Fort Smith and Marshall.  Compared with last week, feeder steers sold mostly steady to $2 higher. Feeder heifers sold mostly $1 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 123.09 to - - -   500 to 550 lbs. 115.81 to - - -   600 to 650 lbs. 106.12 to - - -  Medium & Large Frame 2   400 to 450 lbs. 109.93 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 104.13 to - - -  Medium & Large Frame 2   400 to 450 lbs. 93.97 to - - - Slaughter Cows, Boners 52   to   56 Light Weight 40 to 42.50 Bulls, Yield Grade   1   1000   to   2100 lbs.   64.75   to   67.50 Midwest Steers   were $1 lower to $2.50 higher   at   94   to   94.50 Panhandle Steers   were 50¢ higher to $2 lower   at   94.50   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 116 to 121.50   550 to 600 lbs. 112 to 119.50 Heifers 500 to 550 lbs. 103 to 112.50   550 to 600 lbs. 99 to 107.50 Chicago Futures: Live Cattle: Aug down 57 at 10025   Dec down 57 at 10805 Feeders: Aug up 7 at 11377   Oct up 32 at 11600 Cattle Comment Live cattle futures were lower again today. The situation in South Korea is still affecting futures. Lower cash trade was also a factor. Packer cutbacks are expected to limit the week’s slaughter partially offsetting a brief lull in seasonal demand. Longer term the market appears to have good upside potential. Hogs Peoria: were     steady   at   47.5   to   48 Chicago Futures: Aug down 2 at 7735   Oct up 42 at 7332 Sheep St. Paul n/a   at   - - -   to   - - - Hogs Comment Hogs ended lower but at the top of the day’s trading range. Weak pork values and lower cash prices pressured futures. June futures have support around $76 with resistance just over $78. Poultry  Date: June 03, 2008 Eggs New York:  Ex. Lg. 112-116; Lg. 110-114; Med. 99-103; Chicago:  Ex. Lg. 97-105; Lg. 95-103; Med. 87-95; Eastern Region Turkeys Hens: 8-16 lbs. 90-92 Toms: 16-24 lbs. 90-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was light to moderate, best where first of the month and retail feature were active. Supplies of all sizes were at least adequate to satisfy 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 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

FWD: Morning Manna (June 3); BP: Job 1; RBTTY: Jn. 13:21-38; II Chron.

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Mon, 2 Jun 2008 19:53:59 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (June 3); BP: Job 1; RBTTY: Jn. 13:21-38; II Chron.
 

June 3                                                                                                                           “Back to the Basics”

 

“Then satan answered the Lord and said, ‘Does Job fear God for naught’?”

                                                                                                                                                              Job 1:9

     Trials have a way of revealing what’s there, while trust helps transform us by His grace.

     Why do you trust God, Pilgrim?  In what are you trusting?  That’s basically what was going on in today’s Manna in this intriguing (and perplexing) dialogue between satan and God.  None of us can understand who these “sons of God” (1:6; 2:1) were; neither can we grasp why God would engage in such a conversation and type of spiritual chess game with the “accuser of the brethren” (Rev. 12:9-10) who’d already been cast out of Heaven.  In fact, dwelling too long on these will leave us bewildered and almost at the point of despair.

 

     That’s why we must rest in the sovereignty of God in the matters of suffering and evil—always saying “God is good” as someone else echoes, “All the time.”  In reality, our real struggle here is “Why God allows suffering—particularly when we’re doing our best to love Him and further His Kingdom.”  And, that’s where simple trust in a loving Heavenly Father comes in; otherwise, our minds which are by nature hostile toward Him (Rom. 8:7), will soon be joining in with the evil one in accusations and indictments against Him and others.

 

     Just as gold is purified in a fiery furnace, so is our faith moved toward 24-karat status by the things that we suffer (I Pet. 1:6-7).  As someone said, “All you have to do to find out what’s within is squeeze it.”  Simply put, trials and tribulations have a way of stripping away the veneer of pretense, revealing what really lies beneath the surface.  Remember:  Even a termite-eaten board looks solid on the outside while being hollow within.

 

     So, let’s ask ourselves the question the father of lies asked God:

     “Do I serve God for no reason at all other than my love for Him?  Is my trust in Him dependent upon how well things are going. . .the amount of money I have in my checking and savings account. . .how well I’m treated by others. . .or is it ‘fair-weathered faith’ that wants to head for the hills when difficulties come?”

 

     Job was a Godly man who “feared God and avoided evil” (1:1, 8:2:3).  Likewise, he was a strong family man who was concerned over his children’s spiritual conditions (1:5).  Yet, after everything was taken away from him and his body was racked by boils (1:13-19; 2:7), he spoke out of his great agony of soul, wondering aloud why he’d not died at birth (3:11-12); at least then he “would have been at rest” (3:13).

 

     His words in 3:25—“For the thing which I greatly feared has come upon me and that which I was afraid of has come unto me”—speak volumes, showing that this was definitely a time of testing for him.  But, thankfully, he continued to rely on faith, not feelings, and continued to worship the Lord by giving thanks and refusing to recant his faith (1:21-22; 2:10).  May the Spirit help us to do the same today.

 

    

06/02/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: June 02, 2008 Soybeans Local Elevators: (Jun) EAST AR:  1289 to 1313 (NC) Summ. 1251 to 1283 River Elevators: (Jun) MISS: 1266 to 1335 ; AR & White 1301 to 1312 (NC) Summ. 1259 to 1291 Ark. Processor Bids: (Jun) 1296 to 1304  (NC) 1279 to 1281 Memphis:  (Jun) 1337 1/2 to 1340 1/2 (NC)  1288 1/2 to - - - Riceland Foods:  (Jun) Stuttgart 1304 ; Pendleton 1313 ; West Memphis 1333 Chicago Futures: Jul up 2 at  1365 1/2   Aug  up  2  at  1370 3/4   Sep up 4 3/4  at  1361   Nov up 4  at  1358 1/2   Nov '09 up 4 1/2  at  1352   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans ended the session slightly higher. Trading started higher early, but lost momentum at midday. Weather concerns continue to provide underlying support. Ongoing situation in Argentina has pushed Chinese buying to Brazil and the U.S. The weaker dollar gives the U.S. the edge. Upside is limited as the perception remains that there is still time to plant beans and make good yields. Corn production concerns helped boost the market back near the top of a 10 week trading range. A December close above $6.44 would be bullish. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 580-590; River Elevators 574-608; Chicago Futures: Jul up  21  at  782 1/2    Sep up 21 1/4  at  798 3/4    Dec up  21  at  820 1/4    Mar '09 up  21 1/2  at  840 1/2    Jul '09 up  19 1/2  at  858    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  992 to 1000; Bids to farmers at River Elevators 913-973; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   574 3/4 to 589 3/4;   new crop at Memphis   574 to - - -; Bids to farmers at River Elevators  556 to 578 Chicago Futures: Jul up  16 1/2  at  615 3/4    Sep up  16 1/2  at  629    Dec up  16 3/4  at  643 1/4    Dec '09 up  12 1/2  at  609    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat made solid gains on what appeared to be a technical correction. The market has dropped over $5 without much correction. However with harvest beginning the rebound appears limited. If final numbers are disappointing, we could see more recovery later in the summer. Current resistance is between $8 and $8.15. Cotton & Rice  Date: June 02, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis down 30 at  5869   Greenwood down  30 at 5869 New York Futures: Jul down  84  at  6490    Dec down  76  at  7361    Mar '09 down  47  at  7956    May '09 down  67  at  8100    Jul '09 up  107  at  8405  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton closes lower with December dipping below key support and opening up potential for a decline to the next major chart area around 71 cents. Big U.S. and world supplies and limited demand will keep the market under pressure. Prospects of a 10 million bale carryover in the U.S. points to potentially lower price levels, unless major problems are seen with this year’s crop. Rice Long Grain Cash Bid for  Jun 1900/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jul down  30  at  1880    Sep down  15  at  1835    Jan '09 down  19  at  1874    Mar '09 down  19  at  1907    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures dipped lower in limited trade. While the overall fundamental situation is unchanged - tight U.S. and world stocks – there is a more subdued situation than just a month ago. At that point the feeding frenzy was pushing international values higher every day. A recent sale by Thailand to Malaysia at about $950 per metric tonne has seen values settle in the $950 to $1,000 range. In the U.S. some additional acreage probably resulted from the higher level, but all in all, the supply situation will remain tight. Current November support is just under $18. Cattle & Hogs  Date: June 02, 2008 Cattle As reported by Federal-State Market News, receipts were 3,403 head at sales in Ash Flat, Ola & Springdale.  Compared with last week, feeder steers sold mostly steady to $2 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 117.76 to - - -   500 to 550 lbs. 114.74 to - - -   600 to 650 lbs. 106.94 to - - -  Medium & Large Frame 2   400 to 450 lbs. 111.29 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 107.48 to - - -  Medium & Large Frame 2   400 to 450 lbs. 106.83 to - - - Slaughter Cows, Boners 50   to   57 Light Weight 36 to 40 Bulls, Yield Grade   1   1000   to   2100 lbs.   68   to   70, high dressing 72-78.50 Midwest Steers   were $3 lower to steady   at   92   to   95 Panhandle Steers   were $2 lower to $.50 higher   at   94   to   96.50 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: Aug down 102 at 10082   Dec down 20 at 10862 Feeders: Aug down 232 at 11370   Oct down 215 at 11567 Cattle Comment Live cattle futures were lower as the market reacted to yet another delay in the potential shipment of U.S. beef to South Korea. Packer cutbacks are expected to limit the week’s slaughter partially offsetting a brief bull in seasonal demand. Longer term the market appears to have good upside potential. Hogs Peoria: were     steady   at   47.5   to   48 Chicago Futures: Aug down 160 at 7737   Oct down 165 at 7290 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs lost ground falling to the bottom side of a two week trading range. A significant decline in pork cutout values contributed to today’s weaker undertone. June futures have support around $76 with resistance just over $78. Poultry  Date: June 02, 2008 Eggs New York:  Ex. Lg. 110-114; Lg. 108-112; Med. 99-103; Chicago:  Ex. Lg. 97-105; Lg. 95-103; Med. 87-95; Eastern Region Turkeys Hens: 8-16 lbs. 90-92 Toms: 16-24 lbs. 90-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was light to moderate with optimism noted for first of the month. Supplies of all sizes were sufficient to handle 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 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

FWD: Morning Manna (June 2); BP: Job 1; RBTTY: Jn. 13:1-20; II Chron.

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Sun, 1 Jun 2008 16:39:23 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (June 2); BP: Job 1; RBTTY: Jn. 13:1-20; II Chron.
 

June 2                                                                                               “The Problem of Evil and Suffering”

 

“Then Job arose and rent his mantle and shaved his head and fell down upon the ground and worshipped and said, ‘Naked came I out of my mother’s womb and naked shall I return thither; the Lord gave and the Lord has taken away—blessed by the Name of the Lord’.”

                                                                                                                                                      Job 1:20-21

     It’s not a matter or whether or not we’ll experience it; it’s a matter of how we’ll respond to it.

     Suffering.

     Everyone suffers.  Rich people.  Poor people.  Educated people.  Illiterate people.  Red, yellow, black, white and brown people.  Tall people and short people.  Pious people and pagan people.

 

     In some ways that’s part of the message of Job, the oldest book in the Bible and possibly written by Moses.  And, interspersed in this powerful book are also other issues with which we must grapple:  The problem of evil. . .why does God allow suffering. . . our attitude toward God and others when suffering comes. . .the importance of faith and trust, etc.

 

     That’s why we should spend considerable time in prayer and meditation on Job’s story—especially if we’re going through suffering ourselves.  And, hopefully in the midst of our pain we, like Job, will realize how much the Heavenly Father loves us and will use our suffering for our good and His glory. . .IF we’ll let Him.

 

     Although Job’s suffering was caused by satan (1:12; 2:6) and almost seems to be the result of some cruel, celestial chess game (1:6-11; 2:1-5), we must not get hung up on this perplexing scenario.  Instead, we must step back and say with the psalmist, Asaph, “God is good” (Ps. 73:1) and trust Him exclusively and implicitly; otherwise, we’ll become despairing and bitter, feeling like the Lord has forgotten or forsaken us.

 

     Even though the Father allows suffering in our life, it doesn’t mean He doesn’t love us.  Remember:  We live in a terribly sinful world where evil abounds (for now).  We’re all going to suffer because of Adam’s sin, others’ sins or our own sins.  But, in the midst of our pain there is a Presence, Who’s promised to “never leave us or forsake us” (Heb. 13:5b).

 

     Somehow we think our living a good life, as Job did (1:1, 8; 2:3), should give us some special immunity or exemption to pain and suffering.  However, when we remember all that Jesus went through here on the earth and His response to His suffering (Is. 53; Heb. 5:7), we realize it is our “partnership” with Him in suffering that enables us to “know Him and the power of His resurrection” (Phil. 3:10).

 

     Oh, dear Pilgrim, are you struggling in your walk of faith right now because of “fiery trials,” whether mental, emotional, physical or spiritual?  If so, remember Job’s  and Jesus’ response to their suffering by lying quietly on the Potter’s Wheel (Jer. 18:1-6).