A Special Holiday Cookbook Just for You, Keeping It Real as a Ruralpolitan, Saving Grandma Moses' Farm and More

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Welcome to the December edition of Farm Fresh News.In this issue, recreate your favorite flavors of the season with a special printable cookbook, do some 11th hour holiday shopping, read about what makes a ruralpolitan, watch our video about our 30-year legacy of saving farmland and more! Flavors of the Season In appreciation for all that our Farm Fresh News subscribers have done to protect the land in 2009, we have made a special printable collection of recipes featured in our American Farmland magazine and in Farm Fresh News! From Asparagus New Potato Soup to Persimmon Apple Crumble—get ready to enjoy your favorites all over again. Warm the hearts of family and friends this season with our Flavors of the Seasons recipe book sure to bring many bright holiday smiles! ~ Happy Holidays from American Farmland Trust.   Want to Be a Ruralpolitan?  If you’re ready to trade in the city or suburban life for a place in the country and give farming a go—you’ll be joining the growing ranks of “ruralpolitans” who are getting acquainted with John Deere tractors, chickens and a day’s work in the fields. But before you make the leap, see if your new farm community has a program to protect farm and ranch land and contact our Farmland Information Center to find out about farm-friendly ordinances that might be in place to help keep that newly hatched farm enterprise thriving!  11th Hour Holiday Shopping Deals that Help Save Farmland Tired of the holiday crowds? Still have a few names on your shopping list? Check out our new No Farms No Food e-store and last minute holiday shopping discounts! Still unsure what to buy? You can get a gift certificate for something special from our No Farms No Food selection. Each item sold in our e-store benefits American Farmland Trust, which will help our work for healthy farms, healthy food and healthy communities in 2010! Three Decades of Saving the Land that Sustains Us This year closes out our third decade of working to save the land that sustains us. Watch our special video about our work over the years. Saving Grandma Moses' Farm The great-grandson of Grandma Moses, Rich Moses, along with his wife Kathy and their three children have permanently protected the 171-acre Moses Farm, home of the famous folk artist.The three-generation farm was preserved with funding from New York’s Farmland Protection Program, private funders, and help from the Agricultural Stewardship Association.“The way we feel is that rich fertile lands should always be farmland,” said Rich Moses. Given Grandma Moses’ passion for painting the New York landscape around her farm, she would undoubtedly agree. Farm Fresh Recipe Award-winning Chef José Andrés is credited with bringing both traditional and avant-garde Spanish cuisine to the United States, and serves as Spain’s unofficial ambassador in Washington, DC., where he has no less than five top restaurant concepts. A deeply imaginative chef, Andrés is passionate about local ingredients, and as the father of three girls, he also speaks on nutrition and food policy. He’s the host and producer of PBS’ Made in Spain, focusing on Spain’s food, wine and travel. Enjoy making this light tapas dish, Champinoñes al ajillo (White mushrooms with garlic and parsley, as made in Logroño), found in his cookbook Tapas: A Taste of Spain in America.  Champiñones al ajillo Serves 4 ½ cup Spanish extra-virgin olive oil 1 pound white button mushrooms, cleaned 5 garlic cloves, peeled and thinly sliced 1 sprig fresh thyme ¼ cup Spanish manzanilla sherry Salt to taste White pepper to taste 1 Tablespoon finely chopped parsley Heat 6 Tablespoons of the olive oil in a large sauté pan over a medium flame. Add the mushrooms and leave them in the pan until they brown on one side, 1 minute. Then shake the pan to turn the mushrooms over, and brown again for another minute. Repeat two or three times, until the mushrooms are brown all over. The mushrooms will release some water, but don’t worry: if your pan is hot enough, the water will evaporate. If the pan seems dry, pour in the remaining 2 tablespoons of olive oil. Add the garlic and thyme, and stir with a wooden spoon until the garlic is light brown, about 30 seconds. Be careful not to burn the garlic. Pour in the sherry and cook until it almost completely evaporates, about 1 minute. At this point, the pan will contain a nice brown sauce of reduced sherry and mushroom juices. Season with salt and white pepper to taste, sprinkle the parsley on top, and serve immediately in the pan.

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12/21/2009 Farm Bureau Market Report

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Grain & Soybean Date: December 21, 2009 Soybeans Local Elevators: (Dec) EAST AR:  956 to 975 (NC) Summ. 971 to - - - River Elevators: (Dec) MISS: 986 to 1006 ; AR & White 958 to 968 (NC) Summ. 978 to 1016 Ark. Processor Bids: (Dec) 964 to 969  (NC) 981 to 996 Memphis:  (Dec) 1000 to 1006 (NC)  941 1/2 to 946 1/2 Riceland Foods:  (Dec) Stuttgart 969 ; Pendleton 975 ; West Memphis 988 Chicago Futures: Jan '10 down 11 at  1001   Mar '10  down  11 1/2  at  1008 1/2   Jul '10 down 12 3/4  at  1018 3/4   Nov '10 down 12  at  981 1/2   Jan '11 down 12  at  989 3/4   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans slid lower after failing to hold early gains. Stronger equities were neutralized by further strength in the dollar. Technically, soybeans fell below key support last week and today’s move pushed January toward the next support around $9.50. Export demand remains good with China continuing to purchase U.S. soybeans for this marketing year. The biggest concern is when they will move to South American soybeans and whether they will cancel any of their recent purchases. Corn was slightly higher as trading remained in the recent consolidation area. March futures settled at $4 and remains above trendline support. Concern about unharvested corn is providing support. Resistance remains around $4.20, with support between $3.80 and $3.70. Wheat Cash bid for December at Memphis  459 1/2 to 480 1/2; Bids to farmers at Local Elevators 482-486; River Elevators 476-509; Chicago Futures: Mar '10 down  8 1/2  at  519 1/2    May '10 down 8 1/4  at  533    Jul '10 down  8 1/4  at  544 1/4    Sep '10 down  9 1/4  at  558 3/4    Dec '11 down  8  at  583 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for December at Memphis  718 to - - -; Bids to farmers at River Elevators 573-648; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for December at Memphis   360 to 369;   new crop at Memphis   355 1/2 to 403 1/2; Bids to farmers at River Elevators  348 to 370 Chicago Futures: Mar '10 up  2 1/4  at  400    May '10 up  2 1/4  at  410 3/4    Jul '10 up  2 1/4  at  419 3/4    Sep '10 up  1 1/2  at  425 1/2    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat is sharply lower again today. Export demand is disappointing at best and world stocks are more than adequate. July has support in the $5.30 area. Cotton & Rice  Date: December 21, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 32 at  7021   Greenwood down  32 at 7021 New York Futures: Mar '10 down  32  at  7496    May '10 down  29  at  7585    Jul '10 down  16  at  7631    Oct '10 down  22  at  7585    - - -   - - -  at  - - -  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton was a little lower after failing to hold early gains. December is trying to maintain support near 76 cents but that may be difficult. There are several reports indicating 2010 plantings could increase around a million acres. That is probably the case but in the Midsouth, cotton will need to gain relative to corn and beans. Rice Long Grain Cash Bid for  Dec 1355/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jan '10 down  19 1/2  at  1475    Mar '10 down  19  at  1504    May '10 down  18 1/2  at  1527 1/2    Jul '10 down  20  at  1550    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice was pressured again today with January struggling to hold the $14.60 to $14.70 support. That is the bottom of the current trading range with resistance just under $16. The real question is “what will India do”? This year’s smaller crop prompted early suggestions that India would need to import rice. Be assured that if they do, it will be much more subtle than the Philippines current rush to cover needs. The international market has firmed with Philippines and expectations of sales to India. One of those props appears to have been jerked out from under the current market. Cattle & Hogs  Date: December 21, 2009 Cattle As reported by Federal-State Market News, receipts were 3,603 head at sales in Ash Flat, Springdale & Ola.  Compared with last week, feeder steers sold unevenly, averaging mostly steady to $2 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 113.50 to - - -   500 to 550 lbs. 101.25 to - - -   600 to 650 lbs. 89.75 to - - -  Medium & Large Frame 2   400 to 450 lbs. 102.50 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 92.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 82.25 to - - - Slaughter Cows, Boners 40   to   45.50 Light Weight 32 to 37 Bulls, Yield Grade   1   1000   to   2100 lbs.   50   to   58.50, high dressing 59-63 Midwest Steers   remained   at   81   to   - - - Panhandle Steers   were $1 lower to steady   at   81   to   82 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: Dec up 17 at 8222   Feb '10 up 72 at 8557 Feeders: Jan '10 down 17 at 9455   Mar '10 down 12 at 9462 Cattle Comment Cattle futures ended mixed. A smaller than expected feedlot inventory in the monthly cattle on feed report was supportive for live cattle. Improving beef cutout values suggest the market has bottomed, but it may take a while for it to show significant improvement. Hogs Peoria: were     steady   at   37.50   to   38 Chicago Futures: Feb '10 down 90 at 6422   Apr '10 down 65 at 6850 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs turned lower again today. February has initial support at $64.10. Concern about export movement could limit upside potential. Poultry  Date: December 21, 2009 Eggs New York:  Ex. Lg. 124-128; Lg. 122-126; Med. 98-102; Chicago:  Ex. Lg. 117-125; Lg. 115-123; Med. 84-92; Eastern Region Turkeys Hens: 8-16 lbs. 75-87 Toms: 16-24 lbs. 75-87   Delmarva Broilers U.S. Grade A The market tone was firm. Demand following the weekend was fair to instances fairly good with most interest focused on holiday meat items. Supplies of all sizes were adequate to short of full trade needs as plants planned reduced schedules. In production areas, live supplies were moderate 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 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

12/18/2009 Farm Bureau Market Report

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Grain & Soybean Date: December 18, 2009 Soybeans Local Elevators: (Dec) EAST AR:  967 to 986 (NC) Summ. 982 to - - - River Elevators: (Dec) MISS: 997 to 1017 ; AR & White 967 to 979 (NC) Summ. 989 to 1027 Ark. Processor Bids: (Dec) 975 to 980  (NC) 995 to 1007 Memphis:  (Dec) 1014 to 1017 (NC)  953 1/2 to 958 1/2 Riceland Foods:  (Dec) Stuttgart 980 ; Pendleton 986 ; West Memphis 999 Chicago Futures: Jan '10 down 10 at  1012   Mar '10  down  10  at  1020   Jul '10 down 10 1/4  at  1031 1/2   Nov '10 down 5 1/2  at  993 1/2   Jan '11 down 5 1/4  at  1001 3/4   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans continued yesterday’s downturn with January breaking below key support at $10.20. New crop November registered the second consecutive close below $10. Technically, today’s lower closes suggest further declines with both old and new crop having support around $9.50. Fundamentals seem to have little to do with market movement, as funds trade in and out depending on the $, equities and crude oil. Corn firmed to close narrowly mixed. That was a positive as old and new crop contracts held within a 2 month trading range. A March contract move to $3.80 is not out of the question. Wheat Cash bid for December at Memphis  468 to 488; Bids to farmers at Local Elevators 491-495; River Elevators 484-518; Chicago Futures: Mar '10 up  9 1/2  at  528    May '10 up 9 1/4  at  541 1/4    Jul '10 up  9 1/4  at  552 1/2    Sep '10 up  9  at  568    Dec '10 up  9 1/4  at  591 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for December at Memphis  714 to - - -; Bids to farmers at River Elevators 570-645; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for December at Memphis   364 3/4 to 367 3/4;   new crop at Memphis   354 to 394; Bids to farmers at River Elevators  346 to 368 Chicago Futures: Mar '10 up  3/4  at  397 3/4    Jul '10 up  3/4  at  417 1/2    Sep '10 up  1 1/4  at  424    Dec '10 up  1/2  at  430 1/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat was widely mixed. Strength in the dollar was a bearish factor today, as slow demand is already weighing down the market. Upside potential remains limited, but for now July is expected to move between $5.55 and $6.20. Cotton & Rice  Date: December 18, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 46 at  7053   Greenwood down  46 at 7053 New York Futures: Mar '10 down  46  at  7528    May '10 down  12  at  7614    Jul '10 down  9  at  7647    Oct '10 up  11  at  7607    - - -   - - -  at  - - -  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton closed mixed with old crop holding above support and December retracing an early dip to close just above 76 cents. There are several reports indicating 2010 plantings could increase around a million acres. That is probably the case but in the Midsouth, cotton will need to gain relative to corn and beans. Rice Long Grain Cash Bid for  Dec 1314/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jan '10 up  14 1/2  at  1494 1/2    Mar '10 up  15  at  1523    May '10 up  14 1/2  at  1546    Jul '10 up  15  at  1570    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures held above support at $14.60 and firmed into the close. This could become a wide trading range with resistance at this week’s high of $15.98 ½ and support around $14.70 to $14.60. The real question is “what will India do”? This year’s smaller crop prompted early suggestions that India would need to import rice. Be assured that if they do, it will be much more subtle than the Philippines current rush to cover needs. The international market has firmed with Philippines and expectations of sales to India. One of those props appears to have been jerked out from under the current market. Cattle & Hogs  Date: December 18, 2009 Cattle As reported by Federal-State Market News, receipts were 12,715 head at sales in Arkansas this week.  Compared with last week, feeder steers sold mostly steady, heifers steady to $2 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 108.75 to - - -   500 to 550 lbs. 101.25 to - - -   600 to 650 lbs. 90.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 94.75 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 92 to - - -  Medium & Large Frame 2   400 to 450 lbs. 81 to - - - Slaughter Cows, Boners 38   to   45 Light Weight 30 to 37 Bulls, Yield Grade   1   1000   to   2100 lbs.   50   to   59, high dressing 59-61 Midwest Steers   remained   at   81   to   - - - Panhandle Steers   were $3-$3.50 higher   at   82, few 82.50   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 98.50 to 114   600 to 650 lbs. 89.50 to 100.50 Heifers 500 to 550 lbs. 85 to 103   600 to 650 lbs. 79 to 94 Chicago Futures: Live Cattle: Dec '10 up 62 at 8205   Feb '10 up 30 at 8485 Feeders: Jan '10 up 75 at 9472   Mar '10 up 57 at 9475 Cattle Comment Cattle futures were higher today ahead of the cattle on feed report. Holiday shortened slaughter opportunities will limit feedlots ability to push the market higher. Technically, resistance is seen just under 85 cents. Improving beef cutout values suggest the market has bottomed, but it may take a while for it to show significant improvement. January feeders could test resistance between $93.50 and $94.50. Hogs Peoria: were     steady   at   36   to   38 Chicago Futures: Feb '10 down 42 at 6412   Apr '10 down 60 at 6915 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs turned lower again today. February futures will need to move above recent resistance just above $68 to keep the current uptrend intact. Concern about export movement could limit upside potential. Poultry  Date: December 18, 2009 Eggs New York:  Ex. Lg. 127-131; Lg. 125-129; Med. 100-104; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 90-98; Eastern Region Turkeys Hens: 8-16 lbs. 75-87 Toms: 16-24 lbs. 75-87   Delmarva Broilers U.S. Grade A The market tone was firm. Demand entering the weekend was fair to instances fairly good with most interest focused on holiday meat items. Supplies of all sizes were adequate to short of full trade needs as plants planned reduced schedules for next week. In production areas, live supplies were moderate 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 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

12/17/2009 Farm Bureau Market Report

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Grain & Soybean Date: December 17, 2009 Soybeans Local Elevators: (Dec) EAST AR:  977 to 996 (NC) Summ. 992 to - - - River Elevators: (Dec) MISS: 1006 to 1027 ; AR & White 979 to 989 (NC) Summ. 1004 to 1037 Ark. Processor Bids: (Dec) 986 to 990  (NC) 1003 to 1017 Memphis:  (Dec) 1024 to 1027 (NC)  959 to 964 Riceland Foods:  (Dec) Stuttgart 990 ; Pendleton 996 ; West Memphis 1009 Chicago Futures: Jan '10 down 37 1/2 at  1022   Mar '10  down  37  at  1030   Jul '10 down 35 1/4  at  1041 3/4   Nov '10 down 30 1/2  at  999   Jan '11 down 30 1/4  at  1007   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans took a big hit that was largely due to another strong showing by the dollar. Other outside markets were lower as funds bailed out. Strong exports did little to slow the downturn. January futures dropped to the lowest level in almost a month, and is testing key trendline support. The next support is between $9.50 and $9.60. November 2010 dropped below the all important $10 level with the next support at $9.50. This could be the beginning of a major downward correction. Corn export sales were notably higher in this week’s support, but that was small consolidation in the face of major weakness. March futures closed below $4 and could test support near $3.80. Fundamentals were not much of a factor as outside markets and the dollar created sell pressure. Wheat Cash bid for December at Memphis  458 1/2 to 483 1/2; Bids to farmers at Local Elevators 481-485; River Elevators 475-508; Chicago Futures: Mar '10 down  18 3/4  at  518 1/2    May '10 down 18 3/4  at  532    Jul '10 down  18 1/4  at  543 1/4    Sep '10 down  17  at  559    Dec '10 down  17 1/4  at  582 1/4    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for December at Memphis  707 to - - -; Bids to farmers at River Elevators 567-642; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for December at Memphis   367 to 368;   new crop at Memphis   352 3/4 to 392 3/4; Bids to farmers at River Elevators  345 to 367 Chicago Futures: Mar '10 down  13 1/4  at  397    Jul '10 down  12 3/4  at  416 3/4    Sep '10 down  12 3/4  at  422 3/4    Dec '10 down  12 1/2  at  429 3/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat was mostly lower at mid-day, trailing big losses in soybeans. Upside potential remains limited, but for now July is expected to move between $5.55 and $6.20. Slow export demand will limit upside potential. Cotton & Rice  Date: December 17, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis down 51 at  7099   Greenwood down  51 at 7099 New York Futures: Mar '10 down  51  at  7574    May '10 down  78  at  7626    Jul '10 down  78  at  7656    Oct '10 down  105  at  7596    - - -   - - -  at  - - -  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton dropped back from recent highs as the overall mood in ag commodities weakened. Outside markets were negative and cotton was destined to follow the grains and soybeans lower. Cotton needs to be higher relative to beans and corn to pull more acres in 2010, and that can happen in at least two ways – rising faster than beans and corn, or declining slower. Rice Long Grain Cash Bid for  Dec 1360/cwt  to  - - -   - - - - - -  to  - - - Chicago Futures: Jan '10 down  56  at  1480    Mar '10 down  56 1/2  at  1508    May '10 down  54  at  1531 1/2    Jul '10 down  46 1/2  at  1555    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures suffered a second day of sharp losses that may be attributed to reports that India will not be importing rice this year. Last week’s USDA report acknowledged a big reduction in this year’s crop in India, but projected little or no imports, as India apparently will use reserve stocks to bridge the production gap. Sharp gains over the last several weeks were the result of big tenders by the Philippines and anticipation of future needs by India. Technically, January will test support between $14.40 and $14.60. The next support is a $ lower. Cattle & Hogs  Date: December 17, 2009 Cattle As reported by Federal-State Market News, receipts were 3,661 head at sales in Charlotte, Ratcliff & Green Forest.  Compared with last week, feeder steers sold mostly firm to $4 higher . Steers:  Medium & Large Frame 1   400 to 450 lbs. 111.50 to - - -   500 to 550 lbs. 100.25 to - - -   600 to 650 lbs. 93.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 99.50 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 92 to - - -  Medium & Large Frame 2   400 to 450 lbs. 84.75 to - - - Slaughter Cows, Boners 38   to   45 Light Weight 32 to 38 Bulls, Yield Grade   1   1000   to   2100 lbs.   50   to   58, high dressing 59-63 Midwest Steers   remained   at   81   to   - - - Panhandle Steers   were $2 lower   at   79   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: Dec down 70 at 8142   Feb '10 down 35 at 8455 Feeders: Jan '10 up 112 at 9397   Mar '10 up 85 at 9417 Cattle Comment Cattle futures were mixed. Holiday shortened slaughter opportunities will limit feedlots ability to push the market higher. Technically, resistance is seen just under 85 cents. Improving beef cutout values suggest the market has bottomed, but it may take a while for it to show significant improvement. January feeders could test resistance between $93.50 and $94.50. Hogs Peoria: were $1     higher   at   36   to   38 Chicago Futures: Feb '10 down 127 at 6555   Apr '10 down 127 at 6975 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs turned lower again today. February futures will need to move above recent resistance just above $68 to keep the current uptrend intact. Concern about export movement could limit upside potential. Poultry  Date: December 17, 2009 Eggs New York:  Ex. Lg. 127-131; Lg. 125-129; Med. 100-104; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 90-98; Eastern Region Turkeys Hens: 8-16 lbs. 84-87 Toms: 16-24 lbs. 84-87   Delmarva Broilers U.S. Grade A The market tone was fully steady to firm. Demand was moderate to instances fairly good with most interest focused on holiday meat items. Supplies were usually sufficient to well balanced for current trade needs. In production areas live supplies were moderate 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 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use

12/16/2009 Farm Bureau Market Report

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Grain & Soybean Date: December 16, 2009 Soybeans Local Elevators: (Dec) EAST AR:  1015 to 1034 (NC) Summ. 1032 to - - - River Elevators: (Dec) MISS: 1044 to 1065 ; AR & White 1017 to 1027 (NC) Summ. 1035 to 1075 Ark. Processor Bids: (Dec) 1023 to 1028  (NC) 1040 to 1055 Memphis:  (Dec) 1065 1/2 to 1066 1/2 (NC)  989 1/2 to 994 1/2 Riceland Foods:  (Dec) Stuttgart 1029 ; Pendleton 1034 ; West Memphis 1047 Chicago Futures: Jan '10 up 4 1/2 at  1059 1/2   Mar '10  up  5  at  1067   May '10 up 6 1/4  at  1073   Nov '10 up 7 1/2  at  1029 1/2   Jan '11 up 7 1/2  at  1037 1/2   Today's Arkansas LDP rate for soybeans is: 0¢ Soybean Comment Soybeans were higher today, although early gains were tempered by the close. Big gains in crude oil and gold futures sparked an early rally, and a downturn in the value of the dollar was also supportive. Another big sale to China has bought almost half of their projected annual needs in the first 4 months of the marketing year and don’t appear to wavering despite prospects of a big South American crop. Current January support is around $10.20 with resistance at $10.70-$10.75. Corn also ended higher on strength from crude oil and gold. Exports continue to lag behind expectations, but ethanol use is strong. Harvest continues to lag with the recent snow event keeping many producers out of the field. Just under a billion bushels of corn remains in the field and subject to harsh conditions which will impact final yield and quality. March futures remain in a broad trading range between $3.75 and $4.20. Wheat Cash bid for December at Memphis  467 1/4 to 502 1/4; Bids to farmers at Local Elevators 500-504; River Elevators 494-522; Chicago Futures: Mar '10 up  1/2  at  537 1/4    May '10 up 3/4  at  550 3/4    Jul '10 up  1 1/4  at  561 1/2    Sep '10 up  2 1/4  at  576    Dec '10 up  3  at  599 1/2    Today's Arkansas LDP rate for wheat is: 0¢ Grain Sorghum Cash bid for December at Memphis  711 to - - -; Bids to farmers at River Elevators 591-666; Today's Arkansas LDP rate for sorghum is: 0¢ Corn Cash bid for December at Memphis   380 1/4 to 381 1/4;   new crop at Memphis   365 1/2 to 405 1/2; Bids to farmers at River Elevators  358 to 380 Chicago Futures: Mar up  2 3/4  at  410 3/4    Jul '10 up  2 1/4  at  429 1/2    Sep '10 up  3 1/4  at  435 1/2    Dec '10 up  4 1/4  at  442 1/4    Today's Arkansas LDP rate for corn is: 0¢ Grain Comment Wheat traded on both sides of even money today before ending a bit higher. Upside potential remains limited, but for now July is expected to move between $5.55 and $6.20. Slow export demand will limit upside potential. Cotton & Rice  Date: December 16, 2009 Cotton Spot Price, Grade 41 Staple 34: Memphis up 137 at  7150   Greenwood up  137 at 7150 New York Futures: Mar '10 up  137  at  7625    May '10 up  119  at  7704    Jul '10 up  115  at  7734    Oct '10 up  84  at  7701    - - -   - - -  at  - - -  This week's LDP rate for cotton is  0 cents   The estimate for next week is  0 cents Cotton Comment Cotton turned higher as the dollar turned lower. Tightening U.S. and world stocks and improving economic conditions are signaling the need for more cotton in 2010. Firm to stronger corn and beans means cotton will have to move higher to get more acreage in the U.S. Rice Long Grain Cash Bid for  Dec 1416/cwt  to  - - -   n/a - - -  to  - - - Chicago Futures: Jan '10 down  50  at  1536    Mar '10 down  50  at  1564 1/2    May '10 down  50  at  1585 1/2    Jul '10 down  50  at  1601 1/2    - - -   - - -  at  - - -  Today's Arkansas LDP rate for long grain rice is  0¢ medium grain rice is  0¢ Rice Comment Rice futures retraced a portion of recent gains but overall conditions are unchanged. A strong international market situation is keeping U.S. futures on edge. Large tenders by the Philippines and expectations of future purchases by India have boosted the international market in recent weeks. There seems to be ample rice supplies available, but there is talk of a potential move similar to 2008. Big Thai intervention stocks would seem to limit that possibility, but stranger things have happened. Weekly futures charts have retracement objectives of $16.35, $17.94, and $19.53. That’s based on the April ’08 high and the March ’09 low – a move from $24.68 to $11.19. Cattle & Hogs  Date: December 16, 2009 Cattle As reported by Federal-State Market News, receipts were 1,606 head at sales in Conway & Pocahontas.  Compared with last week, feeder steers sold weak to $3 lower . Steers:  Medium & Large Frame 1   400 to 450 lbs. 106.75 to - - -   500 to 550 lbs. 93 to - - -   600 to 650 lbs. 88.50 to - - -  Medium & Large Frame 2   400 to 450 lbs. 88.25 to - - - Heifers:  Medium & Large Frame 1   400 to 450 lbs. 83.25 to - - -  Medium & Large Frame 2   400 to 450 lbs. 75 to - - - Slaughter Cows, Boners 43   to   50 Light Weight 30 to 35 Bulls, Yield Grade   1   1400   to   2300 lbs.   54   to   61, high dressing 62-64 Midwest Steers   were quoted   at   81   to   - - - Panhandle Steers   were quoted   at   81   to   - - - Oklahoma City Feeders Steers 500 to 550 lbs. 103.50 to 112   650 to 700 lbs. 94 to 96.50 Heifers 500 to 550 lbs. 87.50 to 94.25   600 to 650 lbs. 86.25 to 89.75 Chicago Futures: Live Cattle: Dec up 2 at 8212   Feb '10 down 2 at 8490 Feeders: Jan '10 down 17 at 9285   Mar '10 down 5 at 9332 Cattle Comment Live cattle futures were mixed. Holiday shortened slaughter opportunities will limit feedlots ability to push the market higher. Technically, resistance is seen just under 85 cents. Improving beef cutout values suggest the market has bottomed, but it may take a while for it to show significant improvement. January feeders could test resistance between $93.50 and $94.50. Hogs Peoria: were     steady   at   35   to   37 Chicago Futures: Feb '10 down 60 at 6682   Apr '10 down 22 at 7102 Sheep St. Paul sheep shorn slaughter lambs   at   n/a   to   - - - Hogs Comment Hogs turned lower. February futures will need to move above recent resistance just above $68 to keep the current uptrend intact. Concern about export movement could limit upside potential. Poultry  Date: December 16, 2009 Eggs New York:  Ex. Lg. 127-131; Lg. 125-129; Med. 100-104; Chicago:  Ex. Lg. 121-129; Lg. 119-127; Med. 90-98; Eastern Region Turkeys Hens: 8-16 lbs. 84-88 Toms: 16-24 lbs. 84-88   Delmarva Broilers U.S. Grade A The market tone was fully steady. Supplies were adequate to closely cleared to satisfy current trade needs. In production areas live supplies were moderate 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 2009 Arkansas Farm Bureau, Inc. All rights reserved Terms of Use