~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday April 26, 2010A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Cattle on Feed Report Confirms Tight Cattle Supplies
-- Offering Fuel to the Runners- Oklahoma Beef Council Talks About Lean Cuts of Beef at Oklahoma City Marathon
-- Brown Mites, Diseases and Weeds, Oh My!
-- Regional Winners Prepare for Finals of World Livestock Auctioneer Championship in Oklahoma City
-- Seven Things You Didn't Know About HSUS
-- Checkoff Rate for Canola Set at Half Penny Per Dollar of Sales Price
-- Postponed Due to Politics- Climate Change Redo
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555.
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Cattle on Feed Report Confirms Tight Cattle Supplies
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~OSU Livestock Market Economist Dr. Derrell Peel offers his thoughts from this past Friday's Cattle on Feed report, which he views as confirmation that tight supplies are with us in the cattle marketplace for awhile. Dr. peel writes "There is no doubt that the latest USDA Cattle on Feed report will cause a market reaction. After four months of lower placements, year over year, the trade was expecting a large increase in feedlot placements in March. The recent run up in feeder cattle prices suggests that demand for feeder cattle has been strong and a couple of months of limited feedlot profitability (after many months of losses) provided the motive. However, there was a wide variation in regional placement patterns and the resulting average was not only lower than expected but lower than the lowest pre-report estimate. The industry was keyed in on large placements in Colorado, Kansas and Nebraska which were heavily offset by reduced placements in Texas and Oklahoma. The resulting level of 103 percent of 2009 March placements does not even cover the fact that there was an additional business day in March. In short, there was no increase in March placements this year.
"Marketings were close to pre-report estimates at 104 percent of last year, again only holding steady when adjusted for the additional March slaughter day this year. The April 1 on-feed total 10.769 million head, down four percent from one year ago. This is the lowest April 1 on-feed total since 2004.
"Feedlot placements have relatively little to do with current fed cattle markets (which are strong for other reasons) but lots to do with fed cattle markets in the future. Not only was the level of placements lower than expected but most of the increase was in light weight feeders that will finish in September and October. This should moderate some of the concerns about summer market pressure. Obviously we are still assessing beef demand recovery but it appears that supply fundamentals have a lot of momentum going forward. Having said that, there will likely be some relative increase in placements April and May with cattle coming off of grazeout wheat. If it has any impacts it will be in short term timing of marketings in the fourth quarter but it does not change the fact that total feeder supplies are and will remain very tight."
Click on the link below for more on Friday's Cattle on Feed numbers- including a chance to hear comments on the report with Tom Leffler of Leffler Commodities. Tom spoke with Ed Richards on Friday afternoon about the report- and we have that on our website, www.OklahomaFarmReport.Com.
Offering Fuel to the Runners- Oklahoma Beef Council Talks About Lean Cuts of Beef at Oklahoma City Marathon
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Oklahoma Beef Council helped coordinate the "Beef Team" at the 2010 Oklahoma City Memorial Marathon, held over this past weekend in Oklahoma City. Over 20,000 participants invaded downtown Oklahoma City, and many of them heard and saw the story of lean beef as the Beef Council hosted a booth in the middle of all the activities.
With its efforts to educate consumers who are advocates for a healthy lifestyle about the benefits of lean beef, the Expo was an excellent opportunity for lean beef promotion and education. With more than 20,000 people attending the Expo, the OBC distributed lean beef recipes and information about the power of protein in Lean Beef as part of healthy lifestyle.
Click on the link below to learn more about the Beef Industry's efforts- and you can hear our conversation with Heather Buckmaster about the efforts to promote beef in downtown Oklahoma City.
Brown Mites, Diseases and Weeds, Oh My!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The latest OSU Plant and Soil Science Department Newsletter is out- and here are some of the highlights of the Newsletter, which can be downloaded by clicking on our story on our website that we have linked below.
The timing of peanut planting, brown mites in wheat, a wheat disease update and more can be studied by going to the website and downloading this latest newsletter.
Regional Winners Prepare for Finals of World Livestock Auctioneer Championship in Oklahoma City
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Four contestants competing in Oklahoma City June 19 in Livestock Marketing Association's 47th annual World Livestock Auctioneer Championship (WLAC) have definite ideas about the talents needed to win the world title. The four - Brian Little, Wann, Okla.; Russele Sleep, Bedford, Iowa; Jim Hertzog, Butler, Mo.; and Tye Casey, Plymouth, Ind. - are worth listening to. They each won one of the four qualifying contests to get to the WLAC, which will be conducted at the Oklahoma National Stockyards.
The top eight scorers in each qualifying contest move on to compete here. The 33rd semi-finalist, given a "bye" into the contest, is the current International Auctioneer Champion, Paul Ramirez, Tucson, Ariz. Oklahoman Little won his way here by being the top scorer at the qualifier Sept. 25 in Billings, Mont. He said the champion must have "a chant people enjoy and want to listen to," overall auctioneering ability, "and rapport with the buyers and sellers."
You can read more about Brian Little and the other Regional winners as they prepare for Oklahoma City in June- just click on the link below.
Seven Things You Didn't Know About HSUS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We have told you about David Markosko's website, WWW.HumaneWatch.Org, whose purpose is to watch the efforts and antics of the Humane Society of the US. They published a while back what they call "Seven Things You Didn't Know About HSUS." They spot a spotlight on it again this past week- it's full of good stuff to share with any animal lover who might be influenced by the cheap theatrics of HSUS as they ask for their $19 month to save the dogs and cats in the US against cruelty. The dirty little secret is that if you give them that amount of money- over the course of the year, they collect $228 from you and spent $1.14 on actual animal shelters, based on their 2008 tax returns which dictated what groups they sent money to.
As they explain that the Humane Society of the US is an animal shelter in name only- they add that "HSUS is the wealthiest animal-rights lobbying organization on earth. It agitates for the same goals as PETA and other radical groups, but uses fewer naked interns."
They also touch on how they have raised baskets and baskets of money because of the Michael Vick Dog Fighting story as well as Hurricane Katrina. Click on the link below and we take you straight to the PDF file to review these little tidbits that will most certainly cause the HSUS folks to howl in protest. You can copy and distribute these to anyone you can- that's why this group has put this into a handy one pager.
Checkoff Rate for Canola Set at Half Penny Per Dollar of Sales Price
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Members of Oklahoma's new Oilseed Commission have set checkoff rates for winter canola and sunflower production in the Sooner State. Meeting this past week at the Oklahoma State University agricultural experiment station at Lahoma for a field day, commission members, with grower input, voted to charge a half cent per dollar when farmers sell their crop at designated terminals. "This rate equals one half percent of market value at the time the crop is sold," said Alan Mindemann, Apache, Ok. farmer, who serves as the secretary/treasurer of the new Oilseed Commission. Checkoff funds are typically used to finance research, promotion and other efforts considered to be beneficial to the agricultural commodity represented.
"The first checkoff funds for winter canola in Oklahoma will be charged this spring when the current crop is harvested," Mindemann said. "No sunflowers are being grown at this time in Oklahoma. The checkoff will be applied to that crop when it is harvested." Members of the Oklahoma Oilseed Commission, along with Mindemann, are: Brent Rendel, chairman; Kelly Chain, vice chairman; Lee Leeper and Brent Thompson, members. "The 2010 winter canola crop really looks good," Mindemann, who has 200 acres, said. "Our field day at Lahoma was really good. We had a good producer turnout and the OSU scientists had a lot of good information to share with us."
Click on the link below for more on this story about the checkoff rate for both Canola and Sunflowers being set for the 2010 harvest of both crops.
Postponed Due to Politics- Climate Change Redo
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Today's anticipated release of a new climate change bill has been postponed, after Sen. Lindsey Graham (R-SC), one of the bill's three authors, charged Sen. Majority Leader Harry Reid (D-NV) with playing politics on immigration reform and essentially quashing the chances of moving a climate bill.
"I want to bring to your attention what appears to be a decision by the Obama administration and Senate Democratic leadership to move immigration instead of energy," Graham said in a letter he released Saturday. "Unless their plan substantially changes this weekend, I will be unable to move forward on energy independence legislation at this time. I will not allow our hard work to be rolled out in a manner that has no chance of success."
Sen. John Kerry (D-MA) and Joe Lieberman (D-CT), who have been working with Graham on the package, say they will continue working on the legislation and remain hopeful that they can still move a comprehensive climate and energy bill this year.
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $7.55 per bushel, while the 2010 New Crop contracts for Canola are now available are $7.65 per bushel- delivered to local participating elevators that are working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
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