Thursday, October 4, 2007

10/04/2007 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: October 04, 2007

Soybeans

Local Elevators:
(Oct) EAST AR:  896 to 921
(NC) Summ. 902 to 927
River Elevators:
(Oct) MISS: 912 to 923 ; AR & White 894 to 913
(NC) Summ. 916 to 962
Ark. Processor Bids: (Oct) 921 to 922  (NC) 928 to 957
Memphis:  (Oct) 912 1/4 to 924 1/4 (NC)  n/a to - - -
Riceland Foods:  (NC) Stuttgart 922 ; Pendleton 921 ; West Memphis 923

Chicago Futures: Nov up 3 1/4 at  954 1/4
  Jan  up  2 3/4  at  972 1/4
  Mar up at  984 1/2
  Jul up 5 1/4  at  996 1/4
  Nov '08 down 1/4  at  949 1/4
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans continue to try and get back some of Tuesday’s losses, but today’s choppy trade only allowed modest gains. Soybean prices remain just above trendline support; however, bearish news of good yields continues to pressure prices lower. As suggested yesterday, further declines over the next 3 to 4 weeks are likely as next weeks crop report will further pressure prices. Downside retracement objectives and likely points of support are $9.36, $9.11, and $8.86.

Wheat
Cash bid for October at Memphis  840 to 869;

Bids to farmers at Local Elevators 584-599;
River Elevators 591-604;

Chicago Futures: Dec down  21  at  906 
  Mar down 19 1/2  at  916 
  May down  15  at  831 
  Jul '08 up  6 1/2  at  679 
  Jul '09 up  at  615 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for October at Memphis  667 to 688;

Bids to farmers at River Elevators 593-655;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for October at Memphis   330 1/4 to 334 1/4;
  new crop at Memphis   360 1/2 to - - -;
Bids to farmers at River Elevators  313 to 323

Chicago Futures: Dec down  2 1/4  at  342 1/4 
  Mar down  at  359 
  May down  1 3/4  at  369 3/4 
  Dec '08 down  3/4  at  394 3/4 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat futures ended mixed with old crop contracts down sharply, but new crop contracts ended higher. USDA said today that 58.7 million bushels of wheat were sold for export last week. That number was within trade expectations, but brings the cumulative sales total to 80% of the USDA projection for the entire marketing year, which is only 4 months old. New crop July has found support at $6.54 ½, the top of the recent chart gap, and resistance is at the contract high of $6.95.



Cotton & Rice  Date: October 04, 2007


Cotton

Spot Price, Grade 41 Staple 34: Memphis up 6 at  5899
  Greenwood up  6 at 5899

New York Futures: Oct up  at  6049 
  Dec up  at  6349 
 Mar up  10  at  6701 
 May unchanged    at  6811 
 Dec '08 down  13  at  7205 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
There was little change in the cotton market today. Today’s export sales report continues to post very weak numbers down 25 percent from last week and 42 percent over the last month. High prices and a strengthening dollar continue to weaken cotton exports.

Rice

Long Grain Cash Bid for  Oct/Nov 1057  to  1080/cwt
  - - - - - -  to  - - -

Chicago Futures: Nov up  at  1167 
 Jan up  at  1200 
 Mar up  at  1220 
 May up  at  1232 
 - - -   - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice closed the day with modest gains well off of the daily high. Weakness in the grain and oilseed markets made it impossible for rice to maintain early gains, despite a marketing year high sales week for rice exports. Strong export demand continues to support rice prices. The next major upside chart objective is the January ’97 high of $12.45.



Cattle & Hogs  Date: October 04, 2007

Cattle
As reported by Federal-State Market News, receipts were 2,485 head at sales in Charlotte, Green Forest & Ola.  Compared with last week, feeder steers sold unevenly, about steady. Feeder heifers sold mostly steady to $2 lower .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 120 to 130
  500 to 550 lbs. 97 to 107
  600 to 700 lbs. 95 to 105
 Medium & Large Frame 2   400 to 450 lbs. 98 to 108

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 104 to 114
 Medium & Large Frame 2   400 to 450 lbs. 98 to 108

Slaughter Cows, Boners 42   to   48
Light Weight 31 to 38
Bulls, Yield Grade   1   1000   to   2100 lbs.   54   to   58, high dressing 62-63
Midwest Steers   were steady   at   92   to   - - -
Panhandle Steers   were steady   at   92   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 25 at 9535
  Dec up 45 at 9785
Feeders: Oct up 10 at 11500
  Jan up 12 at 11415

Cattle Comment
Cattle futures were higher across the board. Cash fundamentals are positive, with declining stocks of market ready cattle expected throughout fall and winter. Concerns that competition for consumer dollars from cheap pork will limit demand for beef remain a negative.

Hogs
Peoria: were     steady   at   35.5   to   36

Chicago Futures: Oct down 2 at 5865
  Dec down 52 at 6007

Sheep
St. Paul sheep shorn slaughter lambs   at   n/a   to   - - -

Hogs Comment
Hogs ended mixed on ideas the market is oversold and support from futures’ discount to cash prices. Cash fundamentals remain bearish and it is likely declines will continue. Support for October begins at the recent low of $57.30.



Poultry  Date: October 04, 2007

Eggs

New York:  Ex. Lg. 116-120; Lg. 114-118; Med. 96-100;
Chicago:  Ex. Lg. 114-122; Lg. 112-120; Med. 88-96;

Eastern Region Turkeys
Hens: 8-16 lbs. 92-96
Toms: 16-24 lbs. 92-96
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was overall no better than steady. Supplies of all sizes were more than sufficient to satisfy trade needs. In production areas, live supplies were moderate at mixed, but mostly desirable weights.

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QUESTIONS OR COMMENTS?

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Arkansas Farm Bureau
10720 Kanis Road
Little Rock, AR 72211
501-224-4400

Copyright 2007
Arkansas Farm Bureau, Inc.
All rights reserved

Farmcast Video, Healthy Land Brings Clean Water, Honoring a Leader in Conservation and more

American Farmland Trust
ForwardSupport AFTSubscribewww.farmland.org
E-News October 4, 2007

Pablo Elliot

Watch the video!

Local Food Fever

Excited about local food? You’re not the only one! Watch our special Farmcast video interview with Pablo Elliot, Director of the Local Food Project at the Airlie Center in Virginia. The Local Food Project started in 1998 and its success is growing. This organic culinary garden was created to supply fresh, sustainable herbs, vegetables and flowers to Airlie’s kitchen, as well as to demonstrate the benefits of supporting local food systems.

Good News for Harry and David, Clean Water and Local Farmers

Havesting ApplesThe 24,000 acres of orchards in the mid-Columbia region of Oregon supply some of the luscious fruit shipped by Harry and David. To meet the increased demand for pesticide-free produce, growers in the region are participating in an AFT-EPA program to reduce the amount of pesticides applied to their orchards [PDF]. “We’re excited to see that almost 90 percent of the surveyed farmers in the program are using fewer pesticides than they did just a few years ago,” said AFT’s Pacific Northwest Director Don Stuart. “It shows a holistic approach can work to produce healthy food, protect drinking water and ensure a future for local farms.”

New Online Archive Makes Conservation Leader’s Wisdom Available

Norm Berg“Norm Berg has devoted his life to the conservation of land and water—not only in this country, but all over the world,” said President Jimmy Carter in 1991. “He has helped thousands of farmers and government officials protect and improve the nation’s agricultural resources.” AFT’s new Norm Berg Special Collection is an online archive of documents by and about the nationally acclaimed conservationist [PDF] whose far-reaching career began at the U.S. Department of Agriculture and spans seven decades. At the collection’s core are nearly 200 speeches and articles written by Berg when he was at the helm of the future Natural Resources Conservation Service (NRCS). He continues his conservation calling today, at nearly 90 years old, through his work with AFT and the Soil and Water Conservation Society.

Nominate an Extraordinary Farmer or Rancher for Our $10,000 Award

AFT is now accepting nominations for our 2008 Steward of the Land Award. The annual $10,000 prize honors farmers and ranchers who best exemplify AFT’s mission of halting the loss of productive farmland and promoting farming practices that sustain a healthy environment.  “AFT’s Steward of the Land Award winners  have shown by example the many different ways that farmers and ranchers can be successful in agriculture and still be in harmony with the land,” says AFT President Ralph Grossi. Nomination forms can be completed online or printed out and mailed to AFT’s national office in D.C. before Monday, December 3, 2007. We look forward to hearing from you and may the best steward win! 

Get Heard

GET HEARD
Even though the Senate has begun to work on the farm bill, the legislation is far from being passed.  Make your voice heard through the AFT Action Network and help us work for a better and balanced farm bill. 
Sign the Petition

Senate Begins Work on Farm Bill

The Senate Finance Committee will be meeting today to determine how much money will be allocated to the 2007 Farm Bill. While it appears that the Finance Committee has developed a tax reform package that will free up money for conservation programs, there is the possibility that the Senate Agriculture Committee (which could meet as soon as two weeks from now) could divert those funds to other priorities like commodity payments or disaster assistance. AFT urges everyone to monitor the latest developments and make their voices heard by signing up for AFT's Action Network.

Around the Country

In Michigan, Monroe County adopted a farmland preservation ordinance that will make the county eligible for state Agricultural Preservation Fund grants.

Be sure to register for this year’s Ohio Farmland Preservation Summit, “Growing our Economy Through Agriculture,” to be held on November 1, 2007.

The first agricultural conservation easement in Florida was recently completed—to protect a 462-acre Sexton ranch on the east coast of the state that is home to endangered plants and wildlife.

AFT has signed on to a letter to the U.S. Senate encouraging a permanent extension of the new tax incentive for donations of conservation easements.

New York’s Department of Agriculture and Markets released the Request for Proposals for municipal agriculture and farmland protection planning grants.

A broad coalition is lining up behind passage of Oregon’s Ballot Measure 49.

Virginia Governor Tim Kaine has been urged to include $100 million a year in the state budget to fully fund programs that help farmers reduce runoff pollution into Virginia rivers, streams and the Chesapeake Bay.

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Wednesday, October 3, 2007

10/03/2007 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: October 03, 2007

Soybeans

Local Elevators:
(Oct) EAST AR:  893 to 918
(NC) Summ. 906 to 924
River Elevators:
(Oct) MISS: 913 to 921 ; AR & White 901 to 920
(NC) Summ. 913 to 959
Ark. Processor Bids: (Oct) 918 to 919  (NC) 925 to 955
Memphis:  (Oct) 915 to 921 (NC)  n/a to - - -
Riceland Foods:  (Oct) Stuttgart 919 ; Pendleton 918 ; West Memphis 921

Chicago Futures: Nov up 7 1/4 at  951
  Jan  up  7 1/2  at  969 1/2
  Mar up at  981 1/4
  Jul up 7 1/2  at  991
  Nov '08 up at  949 1/2
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans reversed early declines, which were a follow through on yesterday's big downturn, and ended the day on a positive note. However, the big break suggests at least a short term top is in and further declines over the next 3 to 4 weeks are likely. Good yield reports suggest this month’s supply demand update will see some increase in projected production. Downside retracement objectives and likely points of support are $9.36, $9.11, and $8.86.

Wheat
Cash bid for October at Memphis  592 1/2 to 602 1/2;

Bids to farmers at Local Elevators 583-593;
River Elevators 585-599;

Chicago Futures: Dec up  4 1/2  at  927 
  Mar up at  935 1/2 
  May up  at  846 
  Jul '08 up  8 1/2  at  672 1/2 
  Jul '09 up  12  at  612 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for October at Memphis  690 to 692;

Bids to farmers at River Elevators 614-677;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for October at Memphis   336 1/2 to 341 1/2;
  new crop at Memphis   362 1/2 to - - -;
Bids to farmers at River Elevators  325 to 336

Chicago Futures: Dec down  4 1/4  at  344 1/2 
  Mar down  4 1/2  at  361 
  May down  3 1/2  at  371 1/2 
  Dec '08 unchanged    at  395 1/2 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat futures traded lower in early dealings but turned around to close higher by the end of the day. It is likely this market is attempting to make at least a short-term top. Fundamentals are extremely bullish, but should be mostly factored in to prices at this point. New crop July has found support at $6.54 ½, the top of the recent chart gap.



Cotton & Rice  Date: October 03, 2007


Cotton

Spot Price, Grade 41 Staple 34: Memphis up 19 at  5893
  Greenwood up  19 at 5893

New York Futures: Oct up  13  at  6043 
  Dec up  19  at  6343 
 Mar up  28  at  6691 
 May up  28  at  6811 
 Dec '08 up  17  at  7218 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton slowed yesterday's decline and closed on a mixed note. As suggested yesterday, importers are reluctant buyers with December above 65 cents, but should re-enter the market with December in the low 60’s. A strong rebound in the dollar and weakness in grains contributed to the overall negative undertone. Any long term decline in grain and soybeans will make cotton more competitive for planting in ’08. However, many producers have already made discussions to plant wheat and/or soybeans. Thus, we look for cotton acreage to decline another 10 to 15% in ’08.

Rice

Long Grain Cash Bid for  Oct/Nov 1053  to  1080/cwt
  - - - - - -  to  - - -

Chicago Futures: Nov up  at  1163 
 Jan up  at  1196 
 Mar up  at  1218 
 May up  at  1228 
 - - -   - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice started lower, but was slightly higher at the close. Good export sales and limited resources of rice suggest continued strength long term. With harvest over ¾ complete this year’s crop numbers are about complete. Arkansas yields are generally good, but overall supplies will tighten during the marketing year. Rice acreage could decline again next year if producers opt to plant wheat or soybeans. The next major upside chart objective is the January ’97 high of $12.45.



Cattle & Hogs  Date: October 03, 2007

Cattle
As reported by Federal-State Market News, receipts were 1,287 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold mostly $1-4 lower, instances $5-6 lower .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 114 to 124
  500 to 550 lbs. 108 to 115
  600 to 650 lbs. 105 to 111.50
 Medium & Large Frame 2   400 to 450 lbs. 101 to 111

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 102 to 112
 Medium & Large Frame 2   400 to 450 lbs. 90 to 99

Slaughter Cows, Boners 44   to   48
Light Weight 30 to 34
Bulls, Yield Grade   1   1000   to   2100 lbs.   57   to   61, high dressing untested
Midwest Steers   were quoted   at   92   to   - - -
Panhandle Steers   wree quoted   at   92   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 down 62 at 9510
  Dec down 57 at 9740
Feeders: Oct down 102 at 11490
  Jan down 92 at 11402

Cattle Comment
Cattle futures posted losses. Concerns that competition for consumer dollars from cheap pork will limit demand for beef remain a negative. December live cattle could retest the August low of $96.50.

Hogs
Peoria: were     steady   at   35.5   to   36

Chicago Futures: Oct up 47 at 5867
  Dec up 122 at 6060

Sheep
St. Paul sheep shorn slaughter lambs   at   n/a   to   - - -

Hogs Comment
Hogs turned higher on ideas the market is oversold and support from futures’ discount to cash prices. Cash fundamentals remain bearish and it is likely declines will continue.



Poultry  Date: October 03, 2007

Eggs

New York:  Ex. Lg. 120-124; Lg. 118-122; Med. 96-100;
Chicago:  Ex. Lg. 114-122; Lg. 112-120; Med. 88-96;

Eastern Region Turkeys
Hens: 8-16 lbs. 92-96
Toms: 16-24 lbs. 92-96
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was overall no better than steady and unsettled. Supplies of all sizes were at least sufficient with attractive prices available. In production areas, live supplies were moderate at mixed, but mostly desirable weights.

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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.

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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 2007
Arkansas Farm Bureau, Inc.
All rights reserved

Tuesday, October 2, 2007

FWD: Morning Manna (Oct. 3); BP: Lk. 11:1-4; RBTTY: Eph. 5:17-33; Is. 17-19

 
Samuel D. High
sdhigh@aristotle.net

 



-----Original Message-----
From: "Apostle Tom" <pressingon@hotmail.com>
Sent: Tue, 02 Oct 2007 15:56:34 -0500
To: pressingon@hotmail.com
Subject: Morning Manna (Oct. 3); BP: Lk. 11:1-4; RBTTY: Eph. 5:17-33; Is. 17-19
 
 
October 3 “Teach Us to Pray”  
 
“And it came to pass that, as He was praying in a certain place, when He  
ceased, one of His disciples said unto Him, ‘Lord, teach us to pray, as John  
also taught His disciples’.”  
Luke 11:1  
We don’t know how or what—but He does.  
Prayer.  
Of all the spiritual disciplines, none is more difficult than this one.  
Part of the reason is we don’t know “how” to pray. Should we close our  
eyes, clasp our hands together and kneel? Should our language be formal and  
stilted? Should we first write it out? And, how do we keep our minds from  
wandering or simply stay awake long enough to pray?  
 
A second difficult rests in our “focus.” We have so many things to  
pray for: Personal needs. . .family needs. . .financial needs. .  
.work-related issues. . .health issues. . .the neighbor’s dog that keeps  
turning the trash can over or digging up the flowerbed. And, what about the  
threat of terrorism. . .hungry children around the world. . .division in our  
church, etc.? Why, it’s enough to leave you reeling and overwhelmed?  
 
Perhaps this was why Jesus’ disciples asked Him “Lord, teach us TO  
pray.” It’s possible they had “spiritual mechanics” on their mind—i.e., the  
“how to’s” or “form” for praying; however, more than likely they were  
saying, “Lord, give us the DESIRE to pray”. . .for we certainly don’t come  
about it naturally. When we finally do pray, too often it’s all about us  
and our needs and little about others and theirs. And, sadly, more times  
than not we spend more time talking than we do listening, when we’d probably  
be better off to say “Dear Lord, what’s on YOUR mind this morning?”  
 
Although most commentators view this portion of Dr. Luke’s writing as a  
restatement of Jesus’ teaching in the Beatitudes or Sermon on the Mount (Mt.  
6:9-13), its context and timing would indicate otherwise. Could it be that  
the disciples (like us) “just didn’t get it” the first go-round? Could this  
be “righteous remedial training” for them—especially since they’re finally  
getting around to asking Him to teach them?  
 
Regardless, what’s important is that they felt the NEED to pray and  
knew WHOM to ask. Glory! Wouldn’t you have loved to have been there that  
day, eavesdropping on Jesus’ conversation/communion with the Father? Most  
likely, they were out in a quiet, somewhat solitary place—for our Lord  
seemed drawn to such environs (Mk. 1:35; Lk. 6:12), whether it be early  
morning or all night.  
 
Most likely, Jesus’ praying was like His preaching/teaching/speaking:  
It was definitely “different” and “passionately powerful” (Mk. 1:27; Lk.  
4:36). And, we can rest assured it was quite personal and deeply  
intimate—for effectual prayer never springs from the lips; it always erupts  
from the depths of the soul.  
 
Oh, dear Pilgrim, shouldn’t this be our deepest heart desire  
today—“Lord, teach us to pray”? Most likely, when we ask this from a heart  
that cannot rest until He does, we’ll discover a depth of intimacy with Him  
we’ve never known before.  
 
_________________________________________________________________  
Peek-a-boo FREE Tricks & Treats for You!  
http://www.reallivemoms.com?ocid=TXT_TAGHM&loc=us  
 
 
 

10/02/2007 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: October 2, 2007

Soybeans

Local Elevators:
(Oct) EAST AR:  886 to 911
(NC) Summ. 892 to 917
River Elevators:
(Oct) MISS: 906 to 918 ; AR & White 892 to 911
(NC) Summ. 906 to 952
Ark. Processor Bids: (Oct) 911 to 912  (NC) 918 to 947
Memphis:  (Oct) 913 3/4 to 916 3/4 (NC)  n/a to - - -
Riceland Foods:  (Oct) Stuttgart 912 ; Pendleton 911 ; West Memphis 918

Chicago Futures: Nov down 47 3/4 at  943 3/4
  Jan  down  47 1/2  at  962
  Mar down 47  at  973 1/4
  Jul '08 down 41 1/2  at  983 1/2
  Nov '08 down 22 1/2  at  945 1/2
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans make near limit decline as a day of reckoning hits commodity trading pits. A strong rebound in the dollar, strong corn yields and a flush of profit taking by index funds contributed to an across the board decline in grains, cotton and soybeans. November beans gapped below trendline support and ended the day below the old contract high of $9.48 ½. Downside retracement objectives and likely points of support are $9.36, $9.11, and $8.86.

Wheat
Cash bid for October at Memphis  862 1/2 to 890 1/2;

Bids to farmers at Local Elevators 574-584;
River Elevators 576-589;

Chicago Futures: Dec down  30  at  922 1/2 
  Mar down 30  at  930 1/2 
  May down  30  at  845 
  Jul '08 down  30  at  664 
  Jul '09 down  18  at  600 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for October at Memphis  698 to 703;

Bids to farmers at River Elevators 666;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for October at Memphis   343 3/4 to 345 3/4;
  new crop at Memphis   364 1/2 to - - -;
Bids to farmers at River Elevators  329 to - - -

Chicago Futures: Dec down  20  at  348 3/4 
  Mar down  20  at  365 1/2 
  May down  20  at  375 
  Dec '08 down  20  at  395 1/2 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat futures were down the limit across the board. Improvement in the value of the dollar relative to other currencies was key in sparking the selloff. A few days with no news of export sales has the market concerned that U.S. wheat has priced itself out of the global market. The most technical damage, however, was seen on the corn charts. December gapped lower, fell through trendline support and left an island top on the way down this morning.



Cotton & Rice  Date: October 2, 2007


Cotton

Spot Price, Grade 41 Staple 34: Memphis down 187 at  5874
  Greenwood down  187 at 5874

New York Futures: Oct down  30  at  6175 
  Dec down  186  at  6325 
 Mar down  169  at  6680 
 May down  187  at  6785 
 Dec '08 down  142  at  7215 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton gapped below trendline support and moved to the 50% retracement value of 62.85 cents before finding support. As suggested yesterday, importers are reluctant buyers with December above 65 cents, but should re-enter the market with December in the low 60’s. A strong rebound in the dollar and weakness in grains contributed to the overall negative undertone. Any long term decline in grain and soybeans will make cotton more competitive for planting in ’08. However, many producers have already made discussions to plant wheat and/or soybeans. Thus, we look for cotton acreage to decline another 10 to 15% in ’08.

Rice

Long Grain Cash Bid for  Oct/Nov 1047  to  1080/cwt
  - - - - - -  to  - - -

Chicago Futures: Nov down  14  at  1157 
 Jan down  16  at  1188 
 Mar down  18  at  1212 
 May down  16  at  1224 
 n/a down  - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice fell out of the consolidation area that had prevailed for the last several days. However, rice was impacted far less today than other grains and cotton. November briefly penetrated support at the old contract high of $11.58, before rebounding to close at that level. Good export sales and limited resources of rice suggest continued strength long term. With harvest over ¾ complete this year’s crop numbers are about complete. Arkansas yields are generally good, but overall supplies will tighten during the marketing year. Rice acreage could decline again next year if producers opt to plant wheat or soybeans. The next major upside chart objective is the January ’97 high of $12.45.



Cattle & Hogs  Date: October 2, 2007

Cattle
As reported by Federal-State Market News, receipts were 1,870 head at sales in Fort Smith & Marshall.  Compared with last week, feeder steers sold unevenly, mostly steady .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 119 to 129
  500 to 550 lbs. 110 to 120
  600 to 700 lbs. 103 to 113
 Medium & Large Frame 2   400 to 450 lbs. 107 to 117

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 106 to 116
 Medium & Large Frame 2   400 to 450 lbs. 94 to 104

Slaughter Cows, Boners 42   to   47
Light Weight 30 to 35
Bulls, Yield Grade   1   1000   to   2100 lbs.   55   to   61, high dressing 62-62.50
Midwest Steers   n/a   at   - - -   to   - - -
Panhandle Steers   n/a   at   - - -   to   - - -

Oklahoma City Feeders
Steers 500 to 550 lbs. 118 to 128
  600 to 650 lbs. 110 to 121
Heifers 550 to 600 lbs. 110 to 114.50
  600 to 650 lbs. 100 to 112

Chicago Futures:
Live Cattle: Oct down 50 at 9572
  Dec down 62 at 9797
Feeders: Oct up 85 at 11592
  Jan up 72 at 11495

Cattle Comment
Cattle futures ended mixed. Feeders were supported by sharp losses in corn futures. Concerns that competition for consumer dollars from cheap pork will limit demand for beef remain a negative. December live cattle could retest the August low of $96.50.

Hogs
Peoria: were $1.5     lower   at   35.5   to   36

Chicago Futures: Oct up 5 at 5820
  Dec down 17 at 5937

Sheep
St. Paul sheep shorn slaughter lambs   at   n/a   to   - - -

Hogs Comment
Hogs ended mixed. Cash fundamentals remain bearish and it is likely declines will continue. However, the market is oversold and futures are currently trading at a discount to cash prices, which is providing underlying support today.



Poultry  Date: October 2, 2007

Eggs

New York:  Ex. Lg. 122-126; Lg. 120-124; Med. 96-100;
Chicago:  Ex. Lg. 114-122; Lg. 112-120; Med. 88-96;

Eastern Region Turkeys
Hens: 8-16 lbs. 92-96
Toms: 16-24 lbs. 92-96
 

Delmarva Broilers
U.S. Grade A
Market conditions remains unsettled and under pressure on about all items. Supplies of all sizes of whole product were available and still attractively priced. In production areas, live supplies were moderate at desirable to heavy weights.

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Copyright 2007
Arkansas Farm Bureau, Inc.
All rights reserved

Monday, October 1, 2007

FWD: Morning Manna (Oct. 2); BP: Jn. 17; RBTTY: Eph. 5:1-16; Is. 14-16

 
Samuel D. High
sdhigh@aristotle.net

 



-----Original Message-----
From: "Apostle Tom" <pressingon@hotmail.com>
Sent: Mon, 01 Oct 2007 17:25:02 -0500
To: pressingon@hotmail.com
Subject: Morning Manna (Oct. 2); BP: Jn. 17; RBTTY: Eph. 5:1-16; Is. 14-16
 
 
October 2 “Christ’s Priestly Prayer”  
 
“And now come I to You—and these things I speak in the world, that they  
might have My joy fulfilled in themselves. I have given them Your Word—and  
the world hated them, because they are not of the world, even as I am not of  
the world. I pray not that You should take them out of the world, but that  
You should keep them from the evil. They are not of the world, even as I am  
not of the world. Sanctify them through Your Truth; Your Word is Truth.”  
John 17:13-15  
Never before or since has there ever been a more loving intercession  
than this.  
“I’ll be praying for you.”  
So often those are the words we tell someone as we listen to his/her  
request and go on our way. While our intentions may be good—and, for a  
while, we may remember to pray for them—too often we become preoccupied with  
something or someone else and forget to keep our promise.  
 
But, such is never the case with Christ, our Great High Priest, Who  
“ever lives to make intercession for us” (Heb. 7:25). From the beginning of  
His earthly ministry, when He was baptized by John (Lk. 3:21-22). . .to His  
choosing of the Twelve Apostles (Lk. 6:12-16). . .to His impassioned prayer  
in the Garden and on the Cross (Lk. 22:41-45; 23:34). . .the Lord Jesus  
was/is the consummate Priestly Intercessor.  
 
Today’s Manna was prayed in the upper room after the Passover meal just  
hours before Jesus’ betrayal, trial and subsequent crucifixion. His  
intimate words in Jn. 14:1-16:33 are so moving—yea, piercing, in light of  
what was to follow.  
 
Yet, our Lord didn’t pray for Himself as we would have been tempted to  
do. Even though He’d already forecast who would betray Him (Jn. 13:21-30)  
and told Peter he’d thrice deny Him (13:36-38), He still lovingly interceded  
for His feeble-faithed, fickle-fleshed disciples.  
 
In His prayer You can sense the deep pathos He felt (vv.1-4). You can  
also sense the deep longing He had for the Father and His Home (v.5). But,  
these did not deter Him from His mission. He’d “manifested His Father’s  
name to those with whom He’d been entrusted and they’d kept His Word”  
(vv.6-8). He’d taught them well and knew they’d eventually embody His  
teachings even to the point of death (vv.9-12).  
 
Then, in a beautiful, intensely intimate way, He prays that “His joy  
would be fulfilled (Grk. ‘pleroo’—‘to cram full, level up, imbue, satisfy,  
accomplish, complete, etc.’) in them.” Isn’t this a wonderful request,  
Pilgrim? He’d already told them (and us) that “our peace is found in  
Him—not the world—and, even in the midst of tribulation, we can still be of  
good cheer. . .for He has overcome the world” (Jn. 14:27; 16:33).  
Hallelujah!!  
 
How wonderful to know He also prayed the Father would “keep us from the  
evil (one) and would sanctify us by His Word, which (or is that Who?) is  
Truth.” Glory!! May we rest easy today, knowing Jesus, our High Priest, is  
still praying the same way.  
 
_________________________________________________________________  
Share your special parenting moments!  
http://www.reallivemoms.com?ocid=TXT_TAGHM&loc=us  
 
 
 

10/01/2007 Farm Bureau Market Report

Click here to view this report online.

Arkansas Farm Bureau
Arkansas Farm Bureau
Grain & Soybean Date: October 01, 2007

Soybeans

Local Elevators:
(Oct) EAST AR:  940 to 959
(NC) Summ. 946 to 965
River Elevators:
(Oct) MISS: 952 to 966 ; AR & White 942 to 961
(NC) Summ. 954 to 999
Ark. Processor Bids: (Oct) 959 to 960  (NC) 966 to 995
Memphis:  (Oct) 959 1/2 to 964 1/2 (NC)  n/a to - - -
Riceland Foods:  (NC) Stuttgart 960 ; Pendleton 959 ; West Memphis 966

Chicago Futures: Nov up 1/4 at  991 1/2
  Jan  up  at  1009 1/2
  Mar up at  1020 1/4
  Jul up at  1025
  Nov '08 up at  968
  Today's Arkansas LDP rate for soybeans is:

Soybean Comment
Soybeans attempted to retrace a portion of Friday’s decline, but was able to hold only a couple of cents at the close. Wheat continued to lead the market and lent support to beans. Corn, on the other hand, may be under pressure, as yield results appear to be exceptional. Early guesstimates for this month’s supply demand report are already increasing yield 2 to 3 bushels. This could pressure beans in the day’s ahead, as beans appear over valued versus corn. Initial support on a downward retracement move will be the 9.50 to 9.35 range.

Wheat
Cash bid for October at Memphis  892 1/2 to 920 1/2;

Bids to farmers at Local Elevators 604-614;
River Elevators 606-621;

Chicago Futures: Dec up  13 1/2  at  952 1/2 
  Mar up 13 1/2  at  960 1/2 
  May up  22 1/2  at  875 
  Jul '08 up  13  at  694 
  Jul '09 up  at  618 
  Today's Arkansas LDP rate for wheat is:

Grain Sorghum
Cash bid for October at Memphis  739 to 746;

Bids to farmers at River Elevators 344-365;
Today's Arkansas LDP rate for sorghum is:

Corn

Cash bid for October at Memphis   362 3/4 to 368 3/4;
  new crop at Memphis   384 1/4 to 389 1/4;
Bids to farmers at River Elevators  344 to 365

Chicago Futures: Dec down  4 1/4  at  368 3/4 
  Mar down  3 3/4  at  385 1/2 
  May down  4 1/4  at  395 
  Dec '08 down  at  415 1/2 
  Today's Arkansas LDP rate for corn is:

Grain Comment
Wheat posted sharp gains again today, with new crop again moving to new highs. USDA’s cut in the total wheat production estimate is still providing support. Canada confirmed their crop was 20% smaller than a year ago, and traders are still concerned about the ongoing drought in Australia. Obviously, a lot of bullish news has already been built into current prices, but the downside could be limited until wheat importers stop buying at these prices.



Cotton & Rice  Date: October 01, 2007


Cotton

Spot Price, Grade 41 Staple 34: Memphis up 11 at  6061
  Greenwood up  11 at 6061

New York Futures: Oct unchanged    at  6205 
  Dec up  11  at  6511 
 Mar down  at  6849 
 May down  at  6972 
 Dec '08 down  17  at  7357 
This week's LDP rate for cotton is  0 cents
  The estimate for next week is  0 cents
Cotton Comment
Cotton was mixed today with December the only contract high a positive number. December is pressuring trendline support and could be subject to further downward movement as the market retraces a portion of recent gains of over 10 cents. Current crop demand is good, but a huge carryover has partially offset the smallest crop in 18 years. Importers will likely resist paying price associated with futures above 65 to 66 cents – at least, for the time being. Longer term cotton will need to more competitive to hold acreage. Obviously, as long as beans and corn remain high, cotton will have to move higher, but that appears to be in ’08 and ’09.

Rice

Long Grain Cash Bid for  Oct/Nov 1061  to  1080/cwt
  - - - - - -  to  - - -

Chicago Futures: Nov down  at  1171 
 Jan down  at  1204 
 Mar unchanged    at  1230 
 May unchanged    at  1124 
 - - -   - - -  at  - - - 
Today's Arkansas LDP rate for long grain rice is 
medium grain rice is 
Rice Comment
Rice was slightly lower as November futures continue in a consolidation pattern just below last Thursday’s high. Retracement support will start around $11.40 to $11.27 should the market start lower. Overall fundamentals remain supportive. Vietnam is still under an export ban, and Thailand is moving rice at a good pace. Thailand’s price remains a little low considering the overall supply demand picture. So we may see that price firm in the future. The U.S. is finally see good export sales with several purchases and tenders from Iraq. Costa Rica, Haiti and Ghana have been active in the market as well. The question is whether the current price will slow the activity. High wheat price levels will help rice, as will the weaker dollar. Upside is, many of these countries may have little choice and fear of higher prices tends to make them pull the trigger. The January ’97 high of $12.45 remains the next chart objective.



Cattle & Hogs  Date: October 01, 2007

Cattle
As reported by Federal-State Market News, receipts were 2,632 head at sales in Ash Flat & Springdale.  Compared with last week, feeder steers sold unevenly, mostly firm to $4 higher, heifers sold steady to $2 higher .

Steers:
 Medium & Large Frame 1   400 to 450 lbs. 121 to 131
  500 to 550 lbs. 108 to 118
  600 to 700 lbs. 100 to 106
 Medium & Large Frame 2   400 to 450 lbs. 117 to 127

Heifers:
 Medium & Large Frame 1   400 to 450 lbs. 107 to 117
 Medium & Large Frame 2   400 to 450 lbs. 100 to 110

Slaughter Cows, Boners 43   to   48
Light Weight 30 to 38
Bulls, Yield Grade   1   1000   to   2100 lbs.   54   to   61, high dressing 61-64
Midwest Steers   were $3 higher to steady   at   93   to   96.50
Panhandle Steers   were $2-.50 higher   at   94   to   96.50

Oklahoma City Feeders
Steers 550 to 600 lbs. 116 to 125.75
  600 to 650 lbs. 110 to 121
Heifers 550 to 600 lbs. 104 to 114
  600 to 650 lbs. 100 to 112

Chicago Futures:
Live Cattle: Oct down 72 at 9622
  Dec down 120 at 9860
Feeders: Oct down 122 at 11507
  Jan down 110 at 11422

Cattle Comment
Sharp losses in hogs carried over into the cattle pits. Traders are concerned about competition for consumer dollars from cheap pork. The August low of $98.15 is the next level of support for December.

Hogs
Peoria: were     steady   at   37   to   37.5

Chicago Futures: Oct down 75 at 5815
  Dec down 270 at 5955

Sheep
St. Paul sheep shorn slaughter lambs   at   n/a   to   - - -

Hogs Comment
The sell-off continued in hogs today in reaction to the quarterly pork stocks report. The USDA reported Friday that frozen stocks equal 102.8% of the total a year ago. That number was at the high end of trade expectations. Cash fundamentals remain bearish and it is likely declines will continue.



Poultry  Date: October 01, 2007

Eggs

New York:  Ex. Lg. 124-128; Lg. 122-126; Med. 94-98;
Chicago:  Ex. Lg. 114-122; Lg. 112-120; Med. 88-96;

Eastern Region Turkeys
Hens: 8-16 lbs. 92-96
Toms: 16-24 lbs. 92-96
 

Delmarva Broilers
U.S. Grade A
Trade sentiment was unsettled and cautious for early week business. Demand was reported as slow to fair and not much inquiry for any additional product. Supplies were fully adequate for full trade needs. In production areas, live supplies were moderate at desirable to heavy weights.

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QUESTIONS OR COMMENTS?

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Arkansas Farm Bureau
10720 Kanis Road
Little Rock, AR 72211
501-224-4400

Copyright 2007
Arkansas Farm Bureau, Inc.
All rights reserved