06/25/2008 Farm Bureau Market Report

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Grain & Soybean Date: June 25, 2008 Soybeans Local Elevators: (Jun) EAST AR:  1424 to 1448 (NC) Summ. 1373 to 1411 River Elevators: (Jun) MISS: 1421 to 1483 ; AR & White 1436 to 1460 (NC) Summ. 1383 to 1411 Ark. Processor Bids: (Jun) 1439 to - - -  (NC) 1398 to 1405 Memphis:  (Jun) 1525 1/2 to 1532 1/2 (NC)  1445 to - - - Riceland Foods:  (Jun) Stuttgart 1476 ; Pendleton 1485 ; West Memphis 1505 Chicago Futures: Jul up 36 1/2 at  1537 1/2   Aug  up  36  at  1540   Sep up 35  at  1527   Nov up 34  at  1525   Nov '09 up 23  at  1459   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans reversed early declines to close sharply higher. More rains in Missouri, Iowa, and Illinois will cause continued problems on the Mississippi. This seemed to overshadow big losses in crude oil. As we wind down March there could be a need for index funds to rebalance their accounts. At this point monthly gains in oil are small, and if the market works lower over the last few days of June we could see funds having to divest some grain. So, crude oil bears watching over the last 3 business days left in June. For now, November soybeans have a dollar range in which to trade - $15.64 on the top and $14.66 on the bottom. December corn has resistance at the high of $7.91 with support at $7.40. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 627-660; River Elevators 624-660; Chicago Futures: Jul up  31 3/4  at  901 3/4    Sep up 32 1/2  at  920 1/4    Dec up  31 3/4  at  943 3/4    Mar '09 up  31 1/4  at  963 1/2    Jul '09 up  31 1/4  at  975 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  1071 to 1098; Bids to farmers at River Elevators 1050-1113; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   695 to 705;   new crop at Memphis   684 1/2 to - - -; Bids to farmers at River Elevators  633 to 669 Chicago Futures: Jul up  17 1/2  at  730    Sep up  17 1/2  at  744 1/2    Dec up  17 1/2  at  765    Dec '09 up  9  at  673    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures posted strong gains today. Spillover from corn and soybeans certainly helped. A cool and wet weekend forecast for the Plains also helped, since it will delay harvest even further. It is noteworthy that July failed at the recent high $9.13, resistance is building in that area. Cotton & Rice  Date: June 25, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 71 at  6951   Greenwood up  71 at 6951 New York Futures: Jul up  71  at  7290    Dec up  70  at  8123    Mar '09 up  103  at  8667    May '09 up  54  at  8748    Jul '09   97  at  9789  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton again rebounded off support at a shallow uptrend near 79 cents before moving higher for the day. Dr. Carl Anderson has indicated that as much as a million acres of the 4.7 million acres planted in Texas, may not be harvested. Yields on the remainder are expected to be reduced. But in the meantime U.S. stocks are projected to be over 10 million bales and world stocks exceed 60 million bales. Upside potential should be limited in the near term with December resistance starting at the recent high near 84 cents. Rice Long Grain Cash Bid for  Jul 1871/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jul down  41  at  1946    Sep down  39  at  1886    Jan '09 down  32  at  1937    Mar '09 down  37  at  1967    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment September rice futures made a second consecutive sharp decline as it gapped lower for the day. Today’s move left a 5 day island reversal that typically suggests further weakness. Inability to hold here could see the market work back toward support near $18 or perhaps the recent low of $17.06. Underlying fundamentals are unchanged with tight U.S. and world stocks providing support. Upside potential is limited at this time, but we could see higher values later in the year. Planted acreage to be released next Monday should give a good idea about how much rice we will have available in the U.S. Expect acreage to rise a little above March intentions. Cattle & Hogs  Date: June 25, 2008 Cattle As reported by Federal-State Market News, receipts were 940 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold steady to $2 lower, heifers $1-3 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 109.60 to - - -   500 to 550 lbs. 106.18 to - - -   600 to 650 lbs. 103.36 to - - -  Medium & Large Frame 2   400 to 450 lbs. 95.57 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 98.32 to - - -  Medium & Large Frame 2   400 to 450 lbs. 90.50 to - - - Slaughter Cows, Boners 50   to   56 Light Weight 37 to 42 Bulls, Yield Grade   1   1000   to   2100 lbs.   64.50   to   65.50, high dressing 71-71.50 Midwest Steers   were quoted   at   94   to   - - - Panhandle Steers   were quoted   at   94   to   - - - Oklahoma City Feeders Steers 550 to 600 lbs. 109 to 110   600 to 650 lbs. 112.75 to 117.75 Heifers 600 to 650 lbs. 101 to 106.85   650 to 700 lbs. 102 to 105.10 Chicago Futures: Live Cattle: Aug down 27 at 10440   Dec up 50 at 11402 Feeders: Aug down 92 at 11255   Oct down 65 at 11530 Cattle Comment Cattle futures ended mixed. Speculative profit taking continues to weigh on this market as the recent run-up in prices resulted in an over-bought market. Hogs Peoria: were     steady   at   46.5   to   47 Chicago Futures: Aug down 190 at 7400   Oct down 172 at 7327 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures ended sharply lower on continued profit taking after recent gains. August failed at resistance near $79 and that sparked selling pressure. Friday’s cold storage report showed a big reduction in frozen pork stocks, but that was not unexpected. Poultry  Date: June 25, 2008 Eggs New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 101-105; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 94-102; Eastern Region Turkeys Hens: 8-16 lbs. 91-92 Toms: 16-24 lbs. 91-92   Delmarva Broilers U.S. Grade A Trade sentiment was mostly steady. Demand was fair to moderate, best to cover holiday needs. Supplies of all sizes were usually no more than adequate to satisfy trade needs. In production areas, live supplies were moderate. Weights were mixed, but mostly 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 (June 25); BP: Job 32; RBTTY: Acts 7:44-60; Job 3-4

 
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Tue, 24 Jun 2008 17:27:00 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (June 25); BP: Job 32; RBTTY: Acts 7:44-60; Job 3-4
 

June 25                                                                                                                                “Godly Wisdom”

 

“But there is a spirit of man and the inspiration of the Almighty gives them understanding.  Great men are not always wise; neither do the aged understand judgment.”

                                                                                                                                                        Job 32:8-9

     Even in spiritual matters, the ‘ole saying “You can’t judge a book by its cover” is true.

     Elihu’s warning in today’s Manna is an interesting one, indeed, and worthy of our careful contemplation.  He acknowledges that it is “the inspiration of the Almighty that gives us understanding.”  However, he then says “Great men are not always wise; neither do the aged understand judgment.”

 

     Simply put, just because a person’s rich-and-famous. . .possessing a number of academic degrees (even theological ones). . .president of a nation or multi-billion dollar corporation, etc., doesn’t mean he/she’s necessary wise from God’s standpoint.  Neither does a head-full of gray hair ensure that the wearer is full of spiritual wisdom.

 

     We know that “true wisdom comes from God as a result of simple, unwavering faith in Who He is and what He has done” (James 1:5-8; 3:13-18; Heb. 11:6).  And, that wisdom is not “worldly,” which comes from one’s knowledge of facts, theories, philosophies, etc., and is rooted in pride (James 3:15-16).

 

     You’ll recall that one of satan’s temptations to Eve to eat the forbidden fruit was “it’s desired to make you wise so your eyes will be open and you’ll be as gods, knowing good and evil” (Gen. 3:6).  But, this wisdom is always in direct opposition and contradiction to God’s Word.  That’s why the Lord inspired the psalmist to stress the primacy of God’s Word in our lives (Ps. 1:1-3; 119:1-176) and Joshua to command the people to “observe to do all concerning the Law. . .not turn from it to the right hand or the left. . .not allowing it to depart from their mouths. . . and to meditate on it day and night” (Josh. 1:7-8).

 

     Dear Pilgrim, only those whose lives are rooted on the sure foundation of God’s Word can be sure of their relationship with Christ (Mt. 7:21-27) and have “hope as a sure and steadfast Anchor of the soul” (Heb. 6:17-20).  Likewise, only those “who love Christ will love His Word and keep His commandments” (Jn. 14:15; 15:10).  Beware of those who say or sing, “Oh, how I love Jesus,” but still list as their favorite song, “I did it my way.”

 

     God’s Word instructs us to respect those with a “hoary (gray) head”—for they’ve lived a long time and are worthy of our respect.  However, if that “hoary head is not found in the way of righteousness, it’s not a crown of glory” (Prov. 16:31) and we’d do well to not spend much time listening to their sage counsel.

 

     May the Holy Spirit help us today to spend much time in secret “chewing the cud” on God’s Word (Ps. 1:2-3)—for only in so doing can we be sure our inspiration and enlightenment are from the Lord and not the world or the devil.

 

06/24/2008 Farm Bureau Market

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Grain & Soybean Date: June 24, 2008 Soybeans Local Elevators: (Jun) EAST AR:  1424 to 1448 (NC) Summ. 1373 to 1411 River Elevators: (Jun) MISS: 1411 to 1483 ; AR & White 1436 to 1460 (NC) Summ. 1384 to 1411 Ark. Processor Bids: (Jun) 1439 to - - -  (NC) 1398 to 1405 Memphis:  (Jun) 1489 to 1501 (NC)  1411 to - - - Riceland Foods:  (NC) Stuttgart 1439 ; Pendleton 1448 ; West Memphis 1468 Chicago Futures: Jul down 14 at  1501   Aug  down  13  at  1504   Sep down 13  at  1492   Nov down 11 1/2  at  1491   Nov '09 down 15 1/2  at  1436   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans continued to move lower and could be headed to support at the previous contract high for November of $14.66. A slightly better crop progress report added to the negative undertone. However, the situation in Iowa still suggests as much as 12% of their acreage needs to be replanted. Much of it is still flooded. So yields, if replanted, will be suspect. Overall this will likely limit downside movement in the near term. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 670-675; River Elevators 624-660; Chicago Futures: Jul up  3 3/4  at  870    Sep up 3 3/4  at  888    Dec up  4  at  912    Mar '09 up  4 1/4  at  932 1/4    Jul '09 up  4 1/4  at  944    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  1040 to 1067; Bids to farmers at River Elevators 1050-1113; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   677 1/2 to 687 1/2;   new crop at Memphis   667 to - - -; Bids to farmers at River Elevators  633 to 669 Chicago Futures: Jul down  11 3/4  at  712 1/2    Sep down  11 3/4  at  727    Dec down  11 3/4  at  747 1/2    Dec '09 down  14 1/2  at  664    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat futures ended a bit higher today. Harvest pressure may well keep a lid on prices for a while. Recovering world production will also limit the upside. July has resistance at the recent high of $9.13 and trendline support around $8.45. Cotton & Rice  Date: June 24, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 118 at  6880   Greenwood up  118 at 6880 New York Futures: Jul up  129  at  7217    Dec up  72  at  8012    Mar '09 up  111  at  8564    May '09 up  104  at  8694    Jul '09 up  97  at  8789  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton was higher today as the market continued yesterday’s late rebound from support at a shallow uptrend that crosses at yesterday’s low of 79.4 cents. Dr. Carl Anderson has indicated that as much as a million acres of the 4.7 million acres planted in Texas, may not be harvested. Yields on the remainder are expected to be reduced. But in the meantime U.S. stocks are projected to be over 10 million bales and world stocks exceed 60 million bales. Upside potential should be limited in the near term with December resistance started at the recent high near 84 cents. Rice Long Grain Cash Bid for  Jul 1912/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jul down  50  at  1987    Sep down  50  at  1925    Jan '09 down  50  at  1969    Mar '09 down  50  at  2004    - - - unchanged  - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice made a sharp decline as the market hit resistance at $19.85, the top of a week long trading range. Inability to hold here could see the market work back toward support near $18 or perhaps the recent low of $17.06. Underlying fundamentals are unchanged with tight U.S. and world stocks providing support. Upside potential is limited at this time, but we could see higher values later in the year. Planted acreage to be released next Monday should give a good idea about how much rice we will have available in the U.S. Expect acreage to rise a little above March intentions. Cattle & Hogs  Date: June 24, 2008 Cattle As reported by Federal-State Market News, receipts were 1,230 head at sales in Fort Smith & Marshall.  Compared with last week, feeder steers sold firm to $4 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 120.98 to - - -   500 to 550 lbs. 110.36 to - - -   600 to 650 lbs. 102.96 to - - -  Medium & Large Frame 2   400 to 450 lbs. 109.49 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 103.68 to - - -  Medium & Large Frame 2   400 to 450 lbs. 91.39 to - - - Slaughter Cows, Boners 50   to   57 Light Weight 39 to 43 Bulls, Yield Grade   1   1000   to   2100 lbs.   62   to   68 Midwest Steers   n/a   at   - - -   to   - - - Panhandle Steers   n/a   at   - - -   to   - - - Oklahoma City Feeders Steers 500 to 600 lbs. 116 to 123.50   600 to 650 lbs. 112.75 to 117.75 Heifers 500 to 600 lbs. 104 to 110.25   600 to 700 lbs. 108 to 113 Chicago Futures: Live Cattle: Aug down 2 at 10455   Dec up 7 at 11352 Feeders: Aug up 42 at 11347   Oct up 22 at 11595 Cattle Comment Live cattle futures ended mixed. The monthly cattle on feed report showed a total inventory 4% below the year ago total thanks to herd liquidation and light placements. Speculative profit taking, however, added selling pressure to the market today. Hogs Peoria: were     steady   at   46.5   to   47 Chicago Futures: Aug down 145 at 7590   Oct down 162 at 7500 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures ended sharply lower on continued profit taking after recent gains. August failed at resistance near $79 and that sparked selling pressure. Friday’s cold storage report showed a big reduction in frozen pork stocks, but that was not unexpected. Poultry  Date: June 24, 2008 Eggs New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 101-105; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 94-102; Eastern Region Turkeys Hens: 8-16 lbs. 91-92 Toms: 16-24 lbs. 91-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was fair to moderate with increased interest expected approaching the holiday. Supplies of all sizes were sufficient to satisfy trade needs. In production areas, live supplies were moderate. Weights were mostly 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

06/23/2008 Farm Bureau Market Report

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Grain & Soybean Date: June 23, 2008 Soybeans Local Elevators: (Jun) EAST AR:  1438 to 1462 (NC) Summ. 1385 to 1411 River Elevators: (Jun) MISS: 1425 to 1497 ; AR & White 1450 to 1474 (NC) Summ. 1395 to 1423 Ark. Processor Bids: (Jun) 1453 to - - -  (NC) 1405 to 1410 Memphis:  (Jun) 1503 to 1505 (NC)  1422 1/2 to - - - Riceland Foods:  (Jun) Stuttgart 1453 ; Pendleton 1462 ; West Memphis 1482 Chicago Futures: Jul down 17 1/2 at  1515   Aug  down  18  at  1517   Sep down 10 1/2  at  1505   Nov down 6 1/2  at  1502 1/2   Nov '09 down 7 1/2  at  1451 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans closed slightly lower as the market continued to followthrough on the downward correction that began last week. By the end of the day soybeans retraced a good portion of today’s early losses, but the market is showing potential for further declines. Uncertainty about the overall impact of recent weather and widespread flooding could limit downside. USDA will update planted acreage numbers a week from today. New surveys will be made in the states with flooding. And they will be surveyed again in July for the August supply demand report. While there is little question major acreage has been lost in the flooding – how much is not known. Nor do we have a real handle on what conditions have done to yield on remaining crops. November soybeans have major support at the old high of $14.66. December corn will have initial support at today’s low of $7.39 ½. Wheat Cash bid for new crop at Memphis  n/a to - - -; Bids to farmers at Local Elevators 623-640; River Elevators 615-656; Chicago Futures: Jul down  1/4  at  866 1/4    Sep unchanged   at  884 1/4    Dec up  3/4  at  908    Mar '09 down  1/4  at  928    Jul '09 down  2 3/4  at  939 3/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  1061 to 1124; Bids to farmers at River Elevators 1071-1132; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   689 1/4 to - - -;   new crop at Memphis   678 3/4 to - - -; Bids to farmers at River Elevators  644 to 681 Chicago Futures: Jul up  3  at  724 1/4    Sep up  3 1/4  at  738 3/4    Dec up  3 3/4  at  759 1/4    Dec '09 up  11 1/2  at  678 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat posted losses early, but wound up near unchanged. This market followed along for the ride as corn and soybeans rallied last week, but harvest pressure is likely to take over soon. Increasing interest in feeding wheat has been supportive. However, wheat is not much of a bargain for livestock producers at these prices. Cotton & Rice  Date: June 23, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 67 at  6762   Greenwood up  67 at 6762 New York Futures: Jul down  79  at  7088    Dec down  71  at  7940    Mar '09 down  63  at  8453    May '09 down  54  at  8590    Jul '09 down  50  at  8692  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton was lower, with December again finding support at a shallow uptrend that crosses at today’s low of 79.4 cents. Dr. Carl Anderson has indicated that as much as a million acres of the 4.7 million acres planted in Texas, may not be harvested. Yields on the remainder are expected to be reduced. But in the meantime U.S. stocks are projected to be over 10 million bales and world stocks exceed 60 million bales. Upside potential should be limited in the near term with December resistance started at the recent high near 84 cents. Rice Long Grain Cash Bid for  Jul 1962/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jul up  34  at  2037    Sep up  34  at  1975    Jan '09 up  24  at  2019    Mar '09 up  24  at  2054    - - - up  - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice closed as the market remains in a trading range of about a dollar with resistance started just above today’s September close of $19.75. Underlying fundamentals are unchanged with tight U.S. and world stocks providing support. Upside potential is limited at this time, but we could see higher values later in the year. Planted acreage to be released next Monday should give a good idea about how much rice we will have available in the U.S. Expect acreage to rise a little above March intentions. Cattle & Hogs  Date: June 23, 2008 Cattle As reported by Federal-State Market News, receipts were 2,518 head at sales in Ash Flat, Ola & Springdale.  Compared with last week, feeder steers sold mostly weak to $3 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 115.60 to - - -   500 to 550 lbs. 106.45 to - - -   600 to 650 lbs. 103.55 to - - -  Medium & Large Frame 2   400 to 450 lbs. 107.97 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 100.46 to - - -  Medium & Large Frame 2   400 to 450 lbs. 97.13 to - - - Slaughter Cows, Boners 47.50   to   55 Light Weight n/a to - - - Bulls, Yield Grade   1   1000   to   2100 lbs.   61   to   70, high dressing 71-76.50 Midwest Steers   were $2 lower to $2 higher   at   92   to   96 Panhandle Steers   were $1-2 higher   at   95   to   96 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 15 at 10470   Dec down 7 at 11345 Feeders: Aug down 52 at 11305   Oct down 110 at 11572 Cattle Comment Live cattle futures traded within Friday’s wide range. The monthly cattle on feed report showed a total inventory 4% below the year ago total thanks to herd liquidation and light placements. This was, however, not unexpected and probably built into current price levels. Hogs Peoria: were     steady   at   46.5   to   47 Chicago Futures: Aug down 102 at 7735   Oct down 17 at 7662 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hog futures gave back part of Friday’s big gains after failing to challenge resistance at $79. Friday’s cold storage report showed a big reduction in frozen pork stocks, but that was not unexpected. Poultry  Date: June 23, 2008 Eggs New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 101-105; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 94-102; Eastern Region Turkeys Hens: 8-16 lbs. 91-93.5 Toms: 16-24 lbs. 91-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was fair to moderate, best where promotions were featured. Supplies of all sizes were sufficient to satisfy trade needs. In production areas, live supplies were moderate. Weights were mostly 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 (June 21); BP: Job 29; RBTTY: Acts 5:22-42; Esth. 3-5

 Please remember Brother Tom in prayer for some decisions for Christ.  THANKS
Samuel D. High
sdhigh@aristotle.net

 

---

-----Original Message-----
From: Apostle Tom <pressingon@hotmail.com>
Sent: Fri, 20 Jun 2008 18:14:25 -0500
To: <pressingon@hotmail.com>
Subject: Morning Manna (June 21); BP: Job 29; RBTTY: Acts 5:22-42; Esth. 3-5
 

June 21                                                                                            “The Blessing and Curse of Memories”

 

“Moreover Job continued his parable and said, ‘Oh that I were in months past, as in the days when God preserved me. . .when His candle shined upon my head and when by His light I walked through darkness. . .as I was in the days of my youth, when the secret of God was upon my tabernacle. . .when the Almighty was yet with me. . .when my children were about me’.”

                                                                                                                                                       Job 29:1-5

     They are either windows of light for the soul or mournful musings of what once was.

     Memories.

     Of all of God’s creatures, we humans are the only ones whose mind is a virtual computer, whose fertile hard drive retains sights, sounds and smells from the time of our birth.  Although our ability to access some of this information grows harder with age, the fact remains that our memories can either be a blessing or a curse—depending upon which “file folder” we select and choose to dwell in.

 

     There’s no doubt Job’s musings in today’s Manna were of “what used to be.”  And, instead of uplifting him, they were weighing him down.  A closer examination of what’s really being said in between the lines reveals great agony of soul for this struggling saint of God.

 

     His words of “Oh that I were in months past, as in the days when God preserved (Heb. ‘shamar’—‘to hedge about as with thorns, to guard, protect, attend to, etc.’) me” clearly imply he’s wondering why God’s not preserving him now.  Remember:  His theology (and that of his “friends”) said “If you do well, you’re blessed; if you sin, you suffer.”

 

     Thus, the fact the he’d lost everything he had, all of children and most of his servants had died (1:1-19) and his body was covered with boils (2:7) made him feel like God had forsaken him.  Coupled with his other sad words of “when His candle shined upon my head and I walked through darkness by His light. . .when God’s secrets were clearly revealed to me. . .when I felt His Presence so close. . .when I laughed and played with my children, etc.”. . .it’s clear that Job felt like David in his painful, personal reflections in Psalm 42.

 

     Job also remembered when his material blessings were plentiful (v.6), when others respected him (vv.7-11, 21-25), when he reached out to those in need (vv.12-16) and when his strength (physically and spiritually) was strong.  But, now all of those are gone (30:1-31), leaving him to feel spent (30:16-18) and oppressed by God (30:15, 19-24, 26).

 

     Oh, dear Pilgrim, if we do not “capture our thoughts/memories and bring them under Jesus’ Lordship” (II Cor. 10:5). . .or “give thanks in all things” (I Thess. 5:18)  . . .or “rejoice and leap for joy in the Holy Spirit” (Lk. 6:23; Phil. 4:4-9). . .our memories will be monsters that haunt and taunt us (Ps. 42:3-4, 6-7, 9-10).  Much better is to do a little “soul-talk” and by faith say, “Hope in God—for I shall yet praise Him, Who is the health of my countenance and my God” (Ps. 42:5, 11).  Help us, dear Lord.

06/20/2008 Farm Bureau Market Report

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Grain & Soybean Date: June 20, 2008 Soybeans Local Elevators: (June) EAST AR:  1456 to 1480 (NC) Summ. 1393 to 1420 River Elevators: (June) MISS: 1443 to 1515 ; AR & White 1468 to 1492 (NC) Summ. 1402 to 1429 Ark. Processor Bids: (June) 1471 to - - -  (NC) 1411 to 1418 Memphis:  (June) 1515 1/2 to 1522 1/2 (NC)  1429 to - - - Riceland Foods:  (June) Stuttgart 1471 ; Pendleton 1480 ; West Memphis 1503 Chicago Futures: July down 13 at  1532 1/2   Aug  down  13  at  1535   Sept down 12 1/2  at  1515 1/2   Nov down 12 1/2  at  1509   Nov '09 down 2 1/2  at  1459   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment The downward correction continued today in Chicago. It was time for a correction, especially for corn, but also for soybeans. The weather impact on crops in the Midwest has not changed, and there is little doubt substantial production of both beans and corn has been lost for ’08. USDA appears to be ramping up their discussion on early outs for some CRP contracts. That won’t help ’08 production but it will ’09 and that will be a factor in the market. The old high for November beans at $14.66 is now key support. Wheat Cash bid for June at Memphis  661 1/2 to 666 1/2; Bids to farmers at Local Elevators 627-641; River Elevators 616-657; Chicago Futures: July down  14 1/2  at  866 1/2    Sept down 14 1/2  at  884 1/4    Dec down  14 3/4  at  907 1/4    March '09 down  14 3/4  at  928 1/4    July '09 down  16 1/2  at  942 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for June at Memphis  1056 to 1118; Bids to farmers at River Elevators 1066-1127; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for June at Memphis   686 1/4 to - - -;   New crop at Memphis   675 1/2 to - - -; Bids to farmers at River Elevators  641 to 678 Chicago Futures: July down  6 1/2  at  721 1/4    Sept down  6 1/4  at  735 1/2    Dec down  6  at  755 1/2    Dec '09 down  3 1/2  at  667    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat was lower again today, playing follow the leader as this market has been content to do for the past week or so. Increasing interest in feeding wheat has been supportive. However, $9 wheat is not much of a bargain for livestock producers. Cotton & Rice  Date: June 20, 2008 Cotton Spot Price, Grade 41 Staple 34: Memphis up 4 at  6829   Greenwood up  4 at 6829 New York Futures: July up  23  at  7167    Dec up  4  at  8011    March '09 up  2  at  8516    May '09 down  10  at  8644    July '09 down  19  at  8742  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton traded in a wide range only to end up near unchanged. Once again December futures closed above 80 cents but below key resistance at 81 cents. Based on carryover projections and demand the market is overpriced and has limited upside potential. However, cotton will need to move higher in order to entice additional acreage in ’09; that is if corn and beans remain at or near the higher end of current trading levels. Rice Long Grain Cash Bid for  June 1928/cwt  to  - - -   July 1928/cwt  to  - - - Chicago Futures: July up  3  at  2003    Sept up  1  at  1941    Jan '09 up  11  at  1995    March '09 up  11  at  2030    - - - up  - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures broke away from the pack in Chicago and moved higher. Movement remains sporadic as buyers begin to look ahead to new crop, which is generally a little lower than old crop. Internationally the market has retraced the extreme highs earlier this spring. Expectations are for milled rice to move in the $800 to $900 per metric tonne range. However, Vietnam recently confirmed a sale to Iraq for just under $800. September futures should have support between $18.00 and $18.50. Cattle & Hogs  Date: June 20, 2008 Cattle As reported by Federal-State Market News, receipts were 9315 head at sales in Arkansas this week.  Compared with last week, feeder steers sold $1 to $4 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 110.11 to - - -   500 to 550 lbs. 104.95 to - - -   600 to 650 lbs. 103.36 to - - -  Medium & Large Frame 2   400 to 450 lbs. 100.39 to - - - Heifers:  Medium & Large Frame 1   500 to 550 lbs. 96.97 to - - -  Medium & Large Frame 2   400 to 450 lbs. 92.29 to - - - Slaughter Cows, Boners 49   to   56 Light Weight 36 to 40 Bulls, Yield Grade   1   1000   to   2100 lbs.   60   to   69 Midwest Steers   were $2 higher   at   94   to   - - - Panhandle Steers   were steady to $2 higher   at   94   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 106 to 124.5   550 to 600 lbs. 104.5 to 114.5 Heifers 500 to 550 lbs. 98.5 to 110   550 to 600 lbs. 95 to 111 Chicago Futures: Live Cattle: Aug up 140 at 10485   Dec up 77 at 11352 Feeders: Aug up 247 at 11357   Oct up 242 at 11682 Cattle Comment Live cattle futures exploded to new highs today. Feeders were also sharply higher, but no where near the contract highs. Renewed fund buying and carryover strength from higher crude oil prices were the impetus for the move. The cattle on feed report is expected to show a decrease in placements due to high feed costs, and that was also a factor. Hogs Peoria: were 50¢ to $1.50     higher   at   46.5   to   47 Chicago Futures: Aug up 292 at 7837   Oct up 267 at 7680 Sheep St. Paul n/a   at   - - -   to   - - - Hogs Comment Hog futures also posted impressive gains. Fund buying, the strong pork market and the weak U.S. dollar were all factors. August has resistance just above $79. Poultry  Date: June 20, 2008 Eggs New York:  Ex. Lg. 131-135; Lg. 129-133; Med. 101-105; Chicago:  Ex. Lg. 117-125; Lg. 115-123; Med. 94-102; Eastern Region Turkeys Hens: 8-16 lbs. 91-93.5 Toms: 16-24 lbs. 91-92   Delmarva Broilers U.S. Grade A Trade sentiment was steady. Demand was fair to moderate, with increased interest expected over the weekend. Supplies of all sizes were sufficient to handle trade needs. In production areas, live supplies were moderate. 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