~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Friday May 7, 2010A service of Johnston Enterprises, P & K Equipment/ P & K Wind Energy and American Farmers & Ranchers Mutual Insurance Company!
-- Kansas Tour Pegs Sunflower State Wheat Crop at 333.5 Million Bushels for 2010
-- Tom Coburn's Advice Now That Healthcare Reform is Law- "Get Healthy- Stay Healthy"
-- The Refreshing Taste of Profits in the Beef Cattle Business- Gregg Doud Explains All
-- National Wheat Growers Continue to Believe that Agriculture Needs to Be Engaged in Climate Change Discussions
-- Wheat Crop Value Should Top $500 Million in Oklahoma in 2010
-- Problems Cited with Indirect Land Use Theory
-- New Beef Ad Campaign Tells Us that "mignon is just fancy talk for mouthwatering"
-- 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 pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update- click here to go to their AFR web site to learn more about their efforts to serve rural America!
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Kansas Tour Pegs Sunflower State Wheat Crop at 333.5 Million Bushels for 2010
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The final estimate for the 2010 hard red winter wheat tour sponsored by the Wheat Quality Council was announced today at the Kansas City Board of Trade. The final participant estimate for the three-day tour average was a yield of 40.7 bushels per acre, one tenth of a bushel lower than the 2009 estimate of 40.8 bushels per acre.
Some veteran crop scouts on the tour believe that the formula of computing yield established by the Wheat Quality Council has resulted in a total yield projection for the state that is too low- but others, including Mike Schulte of the Oklahoma Wheat Commission thinks that the forty bushel per acre average yield is about right for a snapshot at this time. He says that he saw a lot of thin wheat, and that he also saw many fields that did not seem to have enough nitrogen on them- which could mean a lower protein level once the grain is in the bin.
Emphasis was placed on the fact that this is what the current crop looks like at this given point in time. Weather, including amounts of rain and temperatures, will continue to be a major factor in the outcome of this year's crop. And this is the first of several estimates of the crop- with the first USDA survey for the year for the winter wheat crop coming this next week on May 11.
While the Kansas number was about the same as what was predicted in
2009 in that state- earlier this week, crop scouts in Oklahoma suggested a
crop that could be close to twice as big this year compared to last at 141
million bushels to be harvested in Oklahoma.
Tom Coburn's Advice Now That Healthcare Reform is Law- "Get Healthy- Stay Healthy"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~While in Washington, we talked with Oklahoma Senator Tom Coburn about several important issues of interest to both rural and urban Oklahomans.
Dr. Coburn talked with us about immigration- praising the state of Arizona for drafting a law that has as its intent to enforce federal law in regards to illegal aliens. We also talked budget issues- he doubts that the Democratic leadership will get their budget work for FY 2011 done this election year.
We also discussed what happens now that we have healthcare reform as the law of the land. He says that citizens should "get healthy, stay healthy and make sure you have a great job" now that the healthcare reform has been passed into law by the Democratic majority.
And the Senator says that if the fall elections yield four or five more fiscally conservative Senators into the ranks of the Senate membership in Washington- Dr. Coburn says that he knows he can stop any more damage being done to the economic well being of citizens- at least as far as more taxes and cost of government being stacked on top of their household budgets.
The Refreshing Taste of Profits in the Beef Cattle Business- Gregg Doud Explains All
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Cattle prices bounced higher again this week in the southern plains feedlots to that dollar per pound level- and feedlot sources say that at $100 per hundredweight, feedlot closeouts suggest profits of $150 per head and in some cases, more. The market reached the $100 level several weeks back- but had drifted a couple of dollars cheaper as we ended April and rolled into May.
Gregg Doud, Chief Economist for the National Cattlemen's Beef Association, says its not just feedlots making money right now- it's much of the beef piepline that handles the live animals- from the packers to the feedlots and back up to the folks with the yearlings and calves as well.
Doud is our Friday guest on the Beef Buzz, as heard on great radio stations around the state. Click on the link below to jump to our Beef Buzz for today- and remember that we have previous Beef Buzz shows for you to review 24/7 on our website, www.OklahomaFarmReport.Com.
National Wheat Growers Continue to Believe that Agriculture Needs to Be Engaged in Climate Change Discussions
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The executive summary of a study commissioned by the National Association of Wheat Growers to examine the implications of various climate change or clean energy proposals is now available online- click on our link below to read more and also be able to jump to see the full executive summary.
The study, undertaken by Informa Economics with support from American Farmland Trust, takes a broad look at possible cap-and-trade policies, examining drivers that could increase benefits and minimize costs.
The executive summary released Thursday concludes that, if structured properly, cap-and-trade has the potential to provide some benefits to farmers. However, there are also plausible policy design outcomes that could be very harmful, and a lack of engagement could leave agriculture in a weaker position if and when a final bill comes to fruition.
Wheat Crop Value Should Top $500 Million in Oklahoma in 2010
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~OSU Grain Marketing Economist Dr. Kim Anderson give us his take on the wheat crop estimates of this week- as well as marketing strategies as we draw closer to harvest here in 2010. Dr. Anderson offers his comments to Clinton Griffiths on SUNUP, the weekly OSU Ag Communications program that is seen on OETA.
Dr. Anderson says that the key to this year's crop versus 2009 is that with more bushels, even with an average wheat price likely to be a few pennies less- the overall economic value of the crop jumps substantially- around $370 million crop last year to more than a half billion dollar wheat crop for 2010 for the state of Oklahoma.
Click on the link below to jump to our webstory that has the audio with Kim Anderson- you can hear it now before you see it on Saturday morning on OETA. And we have details on the rest of the SUNUP lineup for this weekend- which will convince you to check out this weekly feature from the OSU Division of Agriculture.
Problems Cited with Indirect Land Use Theory
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~After considering the Global Trade Analysis Project model developed by Purdue University, Kelly Brunkhorst, director of research for the Nebraska Corn Board, says we have a problem. Brunkhorst says the problem is with the indirect land use change theory because - it is only a theory, the science is shaky and real-world evidence suggests the theory is off base. This latest update cut by more than one half the original land use change penalty on corn-based ethanol.
Brunkhorst questions the model as it is continually updated. The Nebraska Corn Board leader asks, - what happens as the model continues to use more current data? How will regulators keep up? How will they justify the use of this theory? The Nebraska Corn Board says it is - very arbitrary to assign a land use change penalty involving carbon emissions to renewable ethanol when no such penalty is assigned to oil.
The theory comes from the notion that using corn for ethanol will require soil to be tilled in other parts of the world to plant more corn. The indirect land use change theory and its accompanying penalty are included in calculations by the California Air Resources Board as part of its low carbon fuel standards and the U.S. Environmental Protection Agency for its Renewable Fuels Standard.
New Beef Ad Campaign Tells Us that "mignon is just fancy talk for mouthwatering"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The new "Beef It's What's For Dinner." consumer advertising campaign is premiering this month with an emphasis on helping Americans become more familiar with the 29 lean cuts of beef. With a "29 Lean Cuts. One Powerful Protein." tagline, the new campaign will feature the nutritional benefits and versatility of six lean beef favorites: T-Bone steak, Filet, Top Sirloin, Strip steak, Top Round and 95 percent Lean Ground Beef.
The new print advertisements feature plated shots of beef with an
homage to each cut's personality. For example, the T-Bone advertisement
zeroes in on a beauty shot of the steak and points out: "When all the
steaks get together, they call this one boss." The ad for the Filet
Mignon, also known as the Tenderloin, reassures you that "'mignon' is just
fancy talk for mouthwatering."
Click on the link below to read more- and we have the link to push you on to the site that consumers are being pushed to by these ads- all designed to get them thinking about how to use beef that day in their food buying decisions.
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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 $7.30 per bushel, while the 2010 New Crop contracts for Canola are now available are $7.30 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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