05/07/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: May 07, 2008 Soybeans Local Elevators: (May) EAST AR:  1232 to 1256 (NC) Summ. 1138 to 1170 River Elevators: (May) MISS: 1211 to 1276 ; AR & White 1237 to 1244 (NC) Summ. 1144 to 1178 Ark. Processor Bids: (May) 1247 to - - -  (NC) 1166 to 1168 Memphis:  (May) 1273 to 1274 (NC)  1175 1/2 to 1178 1/2 Riceland Foods:  (May/Jun) Stuttgart 1247 ; Pendleton 1256 ; West Memphis 1276 Chicago Futures: May up 32 3/4 at  1297 1/4   Jul  up  32  at  1309   Aug up 31 1/4  at  1301 1/4   Nov up 28  at  1245 1/2   Nov '09 up 21 1/4  at  1232 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans closed higher as the market reversed yesterday’s losses. Prospects of a continued disturbance in Argentina helped boost beans. Other fundamentals appear to be negative and will likely limit upside potential, particularly if weather continues to delay corn planting. November soybeans have delayed resistance beginning around $12.50, $12.88 and $13.15. Support starts just above $12. Corn remained in a six week trading range, with December needing to close above $6.38 to put the market in an upward mode. Wheat Cash bid for new crop at Memphis  667 1/2 to - - -; Bids to farmers at Local Elevators 640-653; River Elevators 623-666; Chicago Futures: May down  11  at  795    Jul down 10 1/2  at  807 1/2    Sep down  10 1/4  at  821 3/4    Dec down  10 1/4  at  842 1/2    Jul '09 down  7 1/2  at  856 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for May at Memphis  991 to 1016; Bids to farmers at River Elevators 907-968; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for May at Memphis   587 to 588;   new crop at Memphis   577 3/4 to - - -; Bids to farmers at River Elevators  566 to 581 Chicago Futures: May up  6 3/4  at  601 1/2    Jul up  6 3/4  at  613    Sep up  6 3/4  at  622 3/4    Dec up  7  at  630 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment July wheat gave back yesterday’s gains. The likelihood of a large U.S. harvest is weighing on the market. The current wheat tour is reporting potentially good yields in Kansas. Yesterday’s high of $8.36 becomes the first level of resistance. Cotton & Rice  Date: May 07, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis unchanged  at  6086   Greenwood unchanged   at 6086 New York Futures: May up  6  at  6817    Jul up  4  at  7040    Dec down  13  at  7876    Mar '09 up  10  at  8325    May '09 up  145  at  8473  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton futures ended the day little changed after moving over a wide range during the trading session. Overall fundamentals remain somewhat bearish. Large ending stocks may get bigger in this week’s report. Already projected at 9.7 million bales, they are more than ample to bridge the production gap that is expected this year. Planting progress is creeping up, but the midsouth remains well below the norm. December futures support around 77 cents remains intact for the time being. Additional support is seen at 75 and 71 cents. Rice Long Grain Cash Bid for  May 2025/cwt  to  - - -   Jun 2025/cwt  to  - - - Chicago Futures: May up  73  at  2155    Jul up  50  at  2160    Sep up  50  at  1960    Nov up  50  at  1960    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures quickly moved to the limit and remained there as the market made its first substantial move higher since losing over $4 the prior two weeks. The market remains unsettled at best, as available exportable supplies are limited. Several exporting countries, India and Vietnam, are maintaining export bans, or minimum export price levels that change as the market rises. Quotes are well above the $1,000 level, but are being met with some resistance, such as the Philippines cancellation of their latest tender. It is likely they will come back to the market later, whether this will impact the market remains to be seen. This week’s supply demand report should be interesting, or not, depending on what USDA does. Retracement objectives for November futures are $19.77, $20.24 and $20.72. Cattle & Hogs  Date: May 07, 2008 Cattle As reported by Federal-State Market News, receipts were 988 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold steady to firm . Steers:  Medium & Large Frame 1   400 to 450 lbs. 113.59 to - - -   500 to 550 lbs. 111.41 to - - -   600 to 650 lbs. 100.95 to - - -  Medium & Large Frame 2   400 to 450 lbs. 93.29 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 102.84 to - - -  Medium & Large Frame 2   400 to 450 lbs. 93.29 to - - - Slaughter Cows, Boners 48   to   52.50 Light Weight 34 to 39 Bulls, Yield Grade   1   1000   to   2100 lbs.   62   to   68, high dressing 69.50-72 Midwest Steers   were quoted   at   90   to   - - - Panhandle Steers   were quoted   at   90   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 117 to 121.50   600 to 650 lbs. 110.35 to 115.75 Heifers 550 to 600 lbs. 105.75 to 111   600 to 650 lbs. 104 to 108.75 Chicago Futures: Live Cattle: Jun steady at 9182   Aug down 20 at 9762 Feeders: May up 17 at 10572   Aug up 7 at 10827 Cattle Comment Cattle futures ended the day mixed. Favorable packer margins and steady gains in beef cutout values provided support. While beef product sales remain somewhat slow, seasonal factors suggest improvement in the near term. June live cattle have trendline support around $90. Resistance starts around $94. August feeders have support just above $107 with resistance at the recent high of $111. Hogs Peoria: were     steady   at   46.5   to   47 Chicago Futures: Jun up 52 at 7527   Oct up 15 at 7470 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs were also mixed. Weak packer margins and burdensome supplies of pork are bearish for futures. On the plus side, a strong push to get corn planted is limiting marketings. Poultry  Date: May 07, 2008 Eggs New York:  Ex. Lg. 102-106; Lg. 100-104; Med. 91-95; Chicago:  Ex. Lg. 97-105; Lg. 95-103; Med. 84-92; Eastern Region Turkeys Hens: 8-16 lbs. 88-90 Toms: 16-24 lbs. 88-90   Delmarva Broilers U.S. Grade A Trade sentiment in most areas was at least steady to fully steady. Live supplies provide the ability to maintain schedules at desirable weights. ---------------------------------------- HOW TO UNSUBSCRIBE You are receiving this newsletter because you requested that your e-mail address be added to the Arkansas Farm Bureau Market Report. To unsubscribe or change your subscription information, go to http://www.arfb.com/commodity_marketing/email/ ---------------------------------------- QUESTIONS OR COMMENTS? If you have any comments or questions about this e-newsletter please e-mail us at mktrpt@arfb.com Arkansas Farm Bureau 10720 Kanis Road Little Rock, AR 72211 501-224-4400 Copyright 2008 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

FWD: Morning Manna May 7-BP: Mt. 25:31-46; RBTTY: Lk. 24:1-35; II Kings 1-3

 
Samuel D. High
sdhigh@aristotle.net

 

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-----Original Message-----
From: "Smith, Lynn " <lsmith20@Central.UH.EDU>
Sent: Tue, 6 May 2008 06:09:35 -0500
To: "Smith, Lynn " <lsmith20@Central.UH.EDU>
Subject: Morning Manna May 7-BP: Mt. 25:31-46; RBTTY: Lk. 24:1-35; II Kings 1-3
 

May 7                                                                                                               “It’s Me, O Lord”

 

“And the King shall answer and say unto them, ‘Verily I say unto you, Inasmuch as you have done it unto one of the least of these, My brethren, you have done it unto Me’.”

                                                                                                                 Matthew 25:40

     We don’t have to look far to know whom He’s talking about.

     The old Gospel song says it well, “It’s me, it’s me, O Lord—standing in the need of prayer.  It’s me, it’s me, O Lord—standing in the need of prayer.  Not my sister, not my brother, but it’s me, O Lord—standing in the need of prayer.  Not my neighbor, not the stranger, but it’s me, O Lord—standing in the need of prayer.”

 

     Jesus’ words in our Manna’s setting (vv.31-46) are piercing words—yet sobering ones—for they warn us of the Day when “the Son of Man shall come in His glory and separate the sheep from the goats” (vv.31-33).  Here on earth it’s not too difficult to tell a sheep from a goat; however, in the spiritual dimension it’s much more difficult, especially in the “growing season,” as evidenced in Jesus’ “Parable of the Wheat and the Tares” (Mt. 13:24-30, 36-43).  For now, they grow together; but, one of these days God’s Sickle of Judgment will be thrust in, separating the wheat from the tares. . .and the sheep from the goats.

 

     Now, it’s easy to view ourselves as “sheep,” especially when we’re a morally upright, “I don’t smoke, drink or chew—or run around with those that do,” regular-in-church going individual.  However, Jesus didn’t use any of those as the criteria for determining which was which; instead, He talked about ministering to “the hungry, homeless, hospitalized, incarcerated, etc.” (vv.35-40).  And, then He warned about what would happen to those who didn’t (vv.41-46).

 

     Does that mean benevolent, human-needs’ ministries insure that we’re a sheep and not a goat?  No, only Jesus’ blood can do that; however, when we’re truly born again and “walking in the Spirit” such ministries will definitely not be foreign to us.

 

     Loving “the least of these” doesn’t come naturally or easily, although lost people (particularly some of the wealthier ones) can be quite benevolent or philanthropic at times.  However, “phileo” (brotherly-love) is not “agape” (God’s love); therefore, it still falls short of the Savior’s standard, though it is definitely an expression of it.

 

     How, then, can we make sure our motives are right when we reach out “to the least of these”?  First, we should ask, “Does it glorify God?”—i.e., who’s get the credit for it?  Second, “Does it draw people closer to Christ?”  While it’s hard to talk to a hungry man about Jesus, our feeding him should always be an entrée for talking to him about Jesus, the Bread of Life.

     Third, viewing ourselves as one of “the least of these” will help insure our attitude and actions are right.  It’s only because of God’s sovereign grace—not our own prowess or intellect—that we’re not “hungry, homeless, hospitalized, incarcerated, etc.”  Therefore, “as we’ve received mercy, so should we give it” (Mt. 5:7; II Cor. 1:3-10).

 

 

Thanks,

 

 

Mr. Lynn M. Smith

Department Business Administrator

Department of Economics

University of Houston

204C McElhinney Hall

Houston, TX 77204-5019

(713) 743-3802 (office)

(713) 743-3798 (fax)

LSmith20@central.uh.edu (email)

http://www.class.uh.edu/econ/ (department website)

  

 

05/06/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: May 06, 2008 Soybeans Local Elevators: (May) EAST AR:  1200 to 1224 (NC) Summ. 1110 to 1142 River Elevators: (May) MISS: 1179 to 1244 ; AR & White 1208 to 1214 (NC) Summ. 1116 to 1150 Ark. Processor Bids: (May) 1215 to - - -  (NC) 1138 to 1140 Memphis:  (May) 1241 to 1242 (NC)  1147 1/2 to 1150 1/2 Riceland Foods:  (May/Jun) Stuttgart 1215 ; Pendleton 1224 ; West Memphis 1244 Chicago Futures: May down 8 1/2 at  1264 1/2   Jul  down  9  at  1277   Aug down 8 1/2  at  1270   Nov up 2  at  1217 1/2   Nov '09 up 6 3/4  at  1211 1/4   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans closed mixed as early gains evaporated near the end of the session. Old crop contracts closed lower, while new crop held narrow gains. November futures tested key trendline resistance around $12.50 before dropping back near yesterday’s close. Slow corn planting progress could push more acres to beans, especially if weather forecasts come true. Current support is last week’s low of $11.65 and then the March low of $10.60. Wheat Cash bid for new crop at Memphis  673 to 678; Bids to farmers at Local Elevators 650-663; River Elevators 640-676; Chicago Futures: May up  13 1/2  at  806    Jul up 12 1/2  at  818    Sep up  12 1/4  at  832    Dec up  13  at  852 3/4    Jul '09 up  12 1/2  at  864    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for May at Memphis  971 to 979; Bids to farmers at River Elevators 895-955; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for May at Memphis   580 1/4 to 583 1/4;   new crop at Memphis   571 to - - -; Bids to farmers at River Elevators  561 to 579 Chicago Futures: May up  12 3/4  at  594 3/4    Jul up  12 1/4  at  606 1/4    Sep up  11 1/2  at  616    Dec up  10 3/4  at  623 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment July wheat broke downward trendline resistance but couldn’t muster much followthrough. Technically a close above $8.30 would suggest a possible revisit to the next resistance around $9.00. However, the current wheat tour is reporting potentially good yields in Kansas. Cotton & Rice  Date: May 06, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 107 at  6086   Greenwood up  107 at 6086 New York Futures: May up  145  at  6824    Jul up  105  at  7034    Dec up  133  at  7875    Mar '09 up  141  at  8315    May '09 up  149  at  8473  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton futures made a strong rebound as support around 77 cents continues to hold. However, penetration this area, could see a potential move to support at 71 cents. Abundant carryover stocks and weak export demand should keep traders from being overly concerned about this year’s slow pace of planting. Otherwise, there seems to be little fresh news to give the market direction. Rice Long Grain Cash Bid for  May 2025/cwt  to  - - -   Jun 2025/cwt  to  - - - Chicago Futures: May up  10  at  2082    Jul up  10  at  2110    Sep unchanged    at  1191    Nov up  4  at  1910    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures rallied with grains and soybeans and lost momentum at the same time. Big early gains melted away and left the market slightly higher. Recent losses of over $4 per hundredweight, from record highs, completed a 62% retracement of the March-April gains. While this appears to be a major top, the overall supply situation remains tight and there is no indication international cash sales will be completed at lower values. In other words, a thousand dollar plus per metric ton is still in play and it could still go higher. Cattle & Hogs  Date: May 06, 2008 Cattle As reported by Federal-State Market News, receipts were 1,313 head at sales in Fort Smith & Marshall.  Compared with last week, feeder steers sold $2-5 lower, heifers firm to $4 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 114.47 to - - -   500 to 550 lbs. 108.17 to - - -   600 to 650 lbs. 96.19 to - - -  Medium & Large Frame 2   400 to 450 lbs. 107.97 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 103.97 to - - -  Medium & Large Frame 2   400 to 450 lbs. 93.68 to - - - Slaughter Cows, Boners 49   to   55 Light Weight 42 to 46 Bulls, Yield Grade   1   1000   to   2100 lbs.   64.50   to   69.50, high dressing 70-74 Midwest Steers   n/a   at   - - -   to   - - - Panhandle Steers   n/a   at   - - -   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 117 to 121.50   600 to 650 lbs. 110.35 to 115.75 Heifers 500 to 550 lbs. 100 to 107.25   600 to 650 lbs. 94 to 103.50 Chicago Futures: Live Cattle: Jun up 62 at 9182   Aug up 35 at 9782 Feeders: May up 30 at 10555   Aug down 5 at 10820 Cattle Comment Cattle futures ended the day mostly higher despite strong early gains in corn. Favorable packer margins and steady gains in beef cutout values provided support. While beef product sales remain somewhat slow, seasonal factors suggest improvement in the near term. June live cattle have trendline support around $90. Resistance starts around $94. August feeders have support just above $107 with resistance at the recent high of $111. Hogs Peoria: were $2     higher   at   46.5   to   47 Chicago Futures: Jun up 155 at 7475   Oct up 110 at 7455 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs were higher as the market drew support from good cash product movement, and an influx of index fund buying. A strong push to get corn planted also limited marketings. Poultry  Date: May 06, 2008 Eggs New York:  Ex. Lg. 103-107; Lg. 101-105; Med. 91-95; Chicago:  Ex. Lg. 97-105; Lg. 95-103; Med. 84-92; Eastern Region Turkeys Hens: 8-16 lbs. 87-90 Toms: 16-24 lbs. 87-90   Delmarva Broilers U.S. Grade A Trade sentiment continues fully steady to firm on a set selection on chicken items. Production areas report live supplies as desirable and weights as on target for processing requirements. ---------------------------------------- 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 May 6-BP: Mt. 25:31-46; RBTTY: Lk. 23:26-56; I Kings 21-22

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: "Smith, Lynn " <lsmith20@Central.UH.EDU>
Sent: Mon, 5 May 2008 05:47:42 -0500
To: "Smith, Lynn " <lsmith20@Central.UH.EDU>
Subject: Morning Manna May 6-BP: Mt. 25:31-46; RBTTY: Lk. 23:26-56; I Kings 21-22
 

May 6                                                                                                           “The Least of These”

 

“Then shall they also answer Him, saying, ‘Lord, when saw we You hungry or thirsty or a stranger or naked or sick or in prison and did not minister unto You?’  Then shall He answer them, saying, ‘Verily, I say unto you, Inasmuch as you did it not to one of the least of these, you did it not to Me.’  And these shall go away into everlasting punishment—but the righteous into life eternal.”

                                                                                                              Matthew 25:44-46

     Next time we see that beggar on the street or the homeless bag lady sitting on a park bench, we might do well to stop and take a second look; we might be surprised Whom we see.

     “The least of these.”

     The Lord Jesus sure didn’t have in mind the “rich-and-famous” or someone who’s “at the top of his game” when He spoke these words.  He was talking about the “down-and-outs” in life. . .the person who’s “fallen on hard times”. . .the one who’s lost everything in the gambling hall. . .the drunkard whose whole life revolves around the bottle. . .the one who made a few bad decisions and will spend the next 25 years behind bars regretting it   . . .the one whose “night out on the town” ended up ruining his marriage, costing him his job (and dignity) and who’s dwelling at “Wits’ End Corner” (Ps. 107:27), wondering if life’s worth living.

 

     These are “the least of these.”

     It’s easy to look down on them, especially when we’ve got a 9-5 job, a nice car to drive, fancy clothes to wear, large house with manicured yard in a nice neighborhood.  But, we’d better read today’s Manna along with Jesus’ sobering words in Lk. 16:19-31 lest we fall into the devil’s trap of contented complacency and Christ’s condemnation.

 

     There’s a lot of talk today about Jesus’ return.  We love to speculate and debate over where it’s going to be before or after the Tribulation.  But, dear Pilgrim, could it be that He’s already here—in the form of “the least of these”?

 

     Could it be the way we treat those, who are the “throwaways” of society, speaks more loudly of “true Christianity” than all of our hymns, doctrinal statements, stained-glass windows and towering steeples?

 

     As Rick Warren said in his book, The Purpose-Driven Life, “When we get to Heaven, God’s going to ask us two questions:  What did you do with My Son, Jesus?  And, what did you do with what I gave you?”

 

     Tough questions, aren’t they?

     Most certainly.  And, they’re questions that demand a response.  Abstaining is not an option. . .not in light of the seriousness of Jesus’ words in today’s Manna.  Oh, dear Pilgrim, the world’s dying “without hope and without God” (Eph. 2:12).  Do we care?  Do we?  Or, perhaps we should ask, “Do we love Jesus?  Really, really love Him?”  If so, then we MUST love “the least of these”—regardless of who they are or the color of their skin—and express it by helping them in tangible ways.   

 

 

Thanks,

 

 

Mr. Lynn M. Smith

Department Business Administrator

Department of Economics

University of Houston

204C McElhinney Hall

Houston, TX 77204-5019

(713) 743-3802 (office)

(713) 743-3798 (fax)

LSmith20@central.uh.edu (email)

http://www.class.uh.edu/econ/ (department website)

  

 

2.

05/05/2008 Farm Bureau Market Report

Click here to view this report online.

Grain & Soybean Date: May 05, 2008 Soybeans Local Elevators: (May) EAST AR:  1214 to 1238 (NC) Summ. 1108 to 1140 River Elevators: (May) MISS: 1196 to 1258 ; AR & White 1217 to 1226 (NC) Summ. 1114 to 1148 Ark. Processor Bids: (May) 1224 to 1229  (NC) 1136 to 1138 Memphis:  (May) 1251 to - - - (NC)  1145 1/2 to 1148 1/2 Riceland Foods:  (May) Stuttgart 1229 ; Pendleton 1238 ; West Memphis 1258 Chicago Futures: May down 19 1/2 at  1273   July  down  18 1/2  at  1286   Aug down 13 1/2  at  1278 1/2   Nov down 3  at  1215 1/2   Nov '09 down 2  at  1204 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans closed lower after a very lackluster trading session. The farmer strike in Argentina is an “on again off again” affair that has generally given a boost to U.S. trade, but the market appears to be growing weary of the indecision. Corn took a big hit late which was a bit of a surprise, as last week’s planting progress report, to be released later today, is expected to show marginal progress. The window for good yield expectations for corn is closing fast and that suggests a smaller than expected crop as some acreage intended for corn stays with beans. November support is last week’s low of $11.65 and then the March low of $10.60; resistance is $12.50 and $13.15. Wheat Cash bid for May at Memphis  660 1/2 to 670 1/2; Bids to farmers at Local Elevators 638-651; River Elevators 621-664; Chicago Futures: May down  3 1/2  at  792 1/2    July down 3 1/2  at  805 1/2    Sept down  3 1/4  at  819 3/4    Dec down  3 1/4  at  839 3/4    July '09 down  1 1/2  at  851 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for new crop at Memphis  951 to 960; Bids to farmers at River Elevators 873-934; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for May at Memphis   567 to 574;   New crop at Memphis   559 1/2 to - - -; Bids to farmers at River Elevators  552 to 567 Chicago Futures: May down  20  at  582    July down  19 1/2  at  594    Sept down  18 3/4  at  604 1/2    Dec down  16 3/4  at  612 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat closed higher with small across the board gains. The market appears to be holding its own and could be stabilizing ahead of harvest. The next support is around $6.58 to $6.75. Resistance starts at $8.30. Cotton & Rice  Date: May 05, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis down 27 at  5979   Greenwood down  27 at 5979 New York Futures: May down  26  at  6679    July down  27  at  6929    Dec down  33  at  7751    March '09 down  40  at  8174    May '09 down  26  at  8328  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton was lower as trading continues to push December toward support at 77 cents. Inability to hold here, could see a potential move to support at 71 cents. Abundant carryover stocks and weak export demand should keep traders from being overly concerned about this year’s slow pace of planting. Otherwise, there seems to be little fresh news to give the market direction. Rice Long Grain Cash Bid for  May 2025/cwt  to  - - -   June 2025/cwt  to  - - - Chicago Futures: May up  17  at  1072    July up  5 1/2  at  2100    Sept up  52  at  1910    Nov up  51  at  1906    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures made a strong rebound today as the market regrouped after sharp losses last week. Losses of over $4 per hundredweight, from record highs, completed a 62% retracement of the March-April gains. While this appears to be a major top, the overall supply situation remains tight and there is no indication international cash sales will be completed at lower values. In other words, a thousand dollar plus per metric ton is still in play and it could still go higher. Cattle & Hogs  Date: May 05, 2008 Cattle As reported by Federal-State Market News, receipts were 2466 head at sales in Ash Flat, Ola and Springdale.  Compared with last week, feeder steers sold mostly steady to $1 higher, heifers $3 to $6 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 118.76 to - - -   500 to 550 lbs. 113.87 to - - -   600 to 650 lbs. 109.33 to - - -  Medium & Large Frame 2   400 to 450 lbs. 114.63 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 100.59 to - - -  Medium & Large Frame 2   400 to 450 lbs. 103.53 to - - - Slaughter Cows, Boners 49   to   55 Light Weight 36 to 42 Bulls, Yield Grade   1   1000   to   2100 lbs.   66   to   70 Midwest Steers   were   at   90   to   92.5 Panhandle Steers   were $3 lower to $1.5 higher   at   89   to   93.50 Oklahoma City Feeders Steers 515 to - - - lbs. 121.50 to - - -   625 to 700 lbs. 109 to 114.50 Heifers 525 to 600 lbs. 106 to 109   800 to 900 lbs. 90.75 to 93 Chicago Futures: Live Cattle: June down 92 at 9120   Aug down 77 at 9747 Feeders: May down 40 at 10525   Aug up 10 at 10825 Cattle Comment June cattle futures reversed Friday’s gains and pushed toward trendline support around $90. The decline came despite a laundry list of positive fundamentals including losses in corn, declining slaughter weights and strong sales leading into upcoming holidays. The overriding factor seemed to be concern about rising seasonal numbers which could inflate showlists. Feeders firmed slightly on recent strength in the cash market. Hogs Peoria: were     steady   at   44.5   to   45 Chicago Futures: June up 125 at 7320   Oct up 90 at 7345 Sheep St. Paul n/a   at   - - -   to   - - - Hogs Comment Hogs were boosted by improving cutout values and indications that the seasonal slowdown in the marketings will continue. Poultry  Date: May 05, 2008 Eggs New York:  Ex. Lg. 105-109; Lg. 103-107; Med. 91-95; Chicago:  Ex. Lg. 97-105; Lg. 95-103; Med. 84-92; Eastern Region Turkeys Hens: 8-16 lbs. 87-90 Toms: 16-24 lbs. 87-90   Delmarva Broilers U.S. Grade A Trade sentiment was fully steady to firm for the week preceding Mother’s Day. Demand was moderate with regular shipping channels active to primary receivers. Extra product where available was held with a degree of confidence. Live supplies were adequate; weights were desirable. ---------------------------------------- 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 May 5-BP: I Jn. 3:15-27; RBTTY: Lk. 23:1-25; I Kings 19-20

 
Samuel D. High
sdhigh@aristotle.net

 

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-----Original Message-----
From: "Smith, Lynn " <lsmith20@Central.UH.EDU>
Sent: Sun, 4 May 2008 08:08:39 -0500
To: "Smith, Lynn " <lsmith20@Central.UH.EDU>
Subject: Morning Manna May 5-BP: I Jn. 3:15-27; RBTTY: Lk. 23:1-25; I Kings 19-20
 

May 5                                                                                                      “Practical Christianity”

 

“But whosoever has this world’s goods and sees his brother has need and shuts up his bowels of compassion from him, how dwells the love of God in him?  My little children, let us not love in word, neither in tongue, but in deed and in truth.”

                                                                                                                    I John 3:17-18

     As someone once said, “They won’t care what we know until they know that we care.”

     Practical Christianity.

     That’s the essence of the message in today’s Manna and one which we need to hear over and over again.  So often we’ve replaced this “mandate for mercy” with doctrinal statements, creeds, rituals, etc., and then wonder why the world views us as an out-of-touch, judgmental organization instead of a loving, caring organism.

 

     There’s no doubt that John’s words are for us all—for who doesn’t have at least some of “this world’s goods”?  And, who of us doesn’t “see his brother in need” wherever we go?

 

     We know the answer, don’t we?

     Without a doubt.

     While it’s true we can’t help everyone, it’s also true that we can help someone.  And, while it’s good to drop a few coins in a charity’s pot at Christmastime, much better is the daily demonstrating of our love by helping relieve the suffering of those around us however we can.

 

     That’s why Jesus talked about “feeding the hungry, giving the thirsty something to drink, clothing the needy and visiting the prisoner” (Mt. 25:34-46).  That’s also why James said “Pure religion and undefiled before God and the Father is this:  To visit the fatherless and widows in their affliction and to keep himself unspotted from the world” (James 1:27).  Simply put, salvation and sanctification always express themselves in self-giving service to others. . .which glorifies the Father and draws others to Him.

 

     No doubt that’s why the Apostle John said it’s impossible for “God’s love to dwell (Grk. ‘meno’—‘to abide, continue, remain, stay in place, etc.’) in us if we shut up our bowels of compassion from those in need.”  And since the Greek word “splagchnon” is used here for “bowels” and basically means “inward affection, tender mercy, pity or sympathy, etc.”—and is the word from which we get “spleen”—it’s clear John’s talking about more than lip service.  Instead, he’s talking about our being so moved to the inward depths of our being that we are moved by mercy to reach out and touch others with Christ’s love.

 

     As someone once said, “Talk is cheap.”  And, so it is.

     If we are to impact our world for Christ, we MUST put feet to our prayers and show in practical ways what it truly means to be His disciple.  Everywhere He went, our Lord touched others in life-changing ways.  And, so should we.  May the Holy Spirit open our eyes to opportunities to do just that today.

 

 

Thanks,

 

 

Mr. Lynn M. Smith

Department Business Administrator

Department of Economics

University of Houston

204C McElhinney Hall

Houston, TX 77204-5019

(713) 743-3802 (office)

(713) 743-3798 (fax)

LSmith20@central.uh.edu (email)

http://www.class.uh.edu/econ/ (department website)

  

 

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