From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Thursday, June 07, 2012 6:37 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update


 
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Ron Hays on RON.

 

 

Let's Check the Markets! 

 

 

Today's First Look:  

Ron on RON Markets as heard on K101  

mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.

 

Okla Cash Grain:  

Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture.

 

Canola Prices:  

Current cash price for Canola is $11.92 per bushel at the Northern Ag elevator in Yukon as of the close of business yesterday.

 

Futures Wrap:  

Our Daily Market Wrapup from the Radio Oklahoma Network with Ed Richards and Tom Leffler- analyzing the Futures Markets from the previous Day.

 

KCBT Recap: 

Previous Day's Wheat Market Recap-Two Pager from the Kansas City Board of Trade looks at all three U.S. Wheat Futures Exchanges with extra info on Hard Red Winter Wheat and the why of that day's market. 

 

Feeder Cattle Recap:  

The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.

 

Slaughter Cattle Recap: 

The National Daily Slaughter Cattle Summary- as prepared by the USDA.

 

TCFA Feedlot Recap:  

Finally, here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

 

Oklahoma's Latest Farm and Ranch News
 
Your "Thunder Up" Farm News Update from Ron Hays of RON
   Thursday, June 7, 2012
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
chairwomanstabenowChairwoman Stabenow, Ranking Member Roberts Highlight Reforms of Farm Bill, Call for Swift Senate Passage 

 

Senator Debbie Stabenow, Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, and Senator Pat Roberts, the Committee's Ranking Member, on Wednesday urged the Senate to swiftly pass the Agriculture Reform, Food and Jobs Act of 2012 (the Farm Bill), which reforms agriculture policy and saves more than $23 billion in taxpayer money by streamlining and consolidating programs and ending unnecessary farm subsidies. While saving taxpayer dollars, the bill strengthens initiatives that help America's agriculture economy continue creating jobs. The measure was adopted by the Committee on a strong bipartisan vote of 16-5 in April and is now being considered by the full Senate.

"This bill represents commonsense and responsible reforms that will save taxpayers tens of billions of dollars while strengthening key initiatives that will allow our economy to continue growing and creating jobs," Chairwoman Stabenow said. "This bill has garnered widespread praise from hundreds of farm, food and conservation organizations for its common sense reforms, deficit reduction, and investments in our economic future. The 2008 Farm Bill is set to expire at the end of September - we must pass this commonsense bill immediately to give farmers the certainty they need to continue growing the economy. Sixteen million American jobs rely on agriculture. The time for reform is now."

Stabenow and Roberts were joined by new and beginning farmers who expressed their support for the Agriculture Reform, Food and Jobs Act, highlighting how key provisions in the bill will help to usher in the next generation of American farmers and continue growing the U.S. economy.  

 

You can read more about the progress of the farm bill by clicking here. 

   

Sponsor Spotlight

 

 

   

Midwest Farm Shows is our longest running sponsor of the daily farm and ranch email- and they want to thank everyone for supporting and attending the Southern Plains Farm Show this spring.  The attention now turns to this coming December's Tulsa Farm Show- the dates for 2012 are December 6 through the 8th.  Click here for the Tulsa Farm Show website for more details about this tremendous all indoor farm show at Expo Square in Tulsa.


     

 

And we are proud to have P & K Equipment/ P & K Wind Energy as one of our regular sponsors of our daily email update. P & K is the premiere John Deere dealer in Oklahoma, with ten locations to serve you, and the P & K team are excited about their Wind Power program, as they offer Endurance Wind Power wind turbines. Click here for the P&K website- to learn about the location nearest you and the many products they offer the farm and ranch community.    

 

   

revenueinsuranceRevenue Insurance: Adds a Layer of Middlemen and Is a Self-Lowering Safety Net 

 

With the debate over the 2012 Farm Bill preparing to move to the floor of the U.S. Senate, Daryll E. Ray of the University of Tennessee's Agricultural Police Analysis Center examines the arguments for revenue insurance in this opinion piece:

"Over the years, crop/revenue insurance has frequently been the focus of this column. With revenue insurance taking on an air of inevitability as the key element of the commodity section of the 2012 Farm Bill, it seems appropriate to look specifically at the arguments for revenue insurance that are currently in play.

"A core argument for revenue insurance is that it is market-based. The idea being that revenue insurance provides a private-sector remedy to agriculture's price and income problems instead of the government-based remedy as has been the case in the past. The problem we have with that statement is that it is not true. The government is just as involved as it ever was only now there is a middleman in the process. And the middleman has to be paid a fee over and above the payments that are made to crop farmers.

"If crop/revenue insurance were truly a private-sector venture, as it is with crop hail insurance, farm liability insurance, farm equipment insurance, and a host of other insurance products, there would be no need for the government to subsidize a significant portion of the premium and provide a profit to the insurance companies to boot."

You'll find Daryll Ray's full column by clicking here. 

 

wolvesareatthedoor'Wolves Are at the Door' of US Ethanol Industry, Dineen Says

 

Addressing a gathering of thousands of leading ethanol industry pioneers at the Fuel Ethanol Workshop (FEW), Renewable Fuels Association (RFA) President and CEO Bob Dinneen made clear those "that are quite comfortable with our use of oil and want to see cheap corn" are mounting a full assault on the policies that have helped make ethanol 10 percent of the nation's fuel supply, specifically focusing on the Renewable Fuel Standard (RFS) and the march toward E15 ethanol blends.

"The RFS is under attack in Washington, DC, today," Dinneen said in an interview with DomesticFuel.com. "I don't see for a moment that it will be unraveled this year. They will continue to next year and they will continue to fight in the courts. I think it's really important for the industry to know that the wolves are at the door."

Dinneen was referring to the reported efforts of Senator Jim Inhofe (R-OK) and Senator Christopher Coons (D-DE) to "reform" the RFS. Speaking to the National Journal on this issue, Sen. Inhofe made his intentions clear stating, "'I've had problems with ethanol for as long as I can remember, and I'm going to be doing what I can to relieve that and do away with the mandate, actually.'" 

 

Click here for more of Bob Dinneen's comments on efforts to modify the RFS.

 

surveyshowsfewsowsSurvey Shows Few Sows In Open Housing

 

Results of a survey issued today at the World Pork Expo, the annual trade show of the National Pork Producers Council, show that the overwhelming majority of the U.S. sow herd spends some time in individual housing, known as gestation stalls. The findings confirm NPPC's concerns about recent pronouncements by food companies that they will use only pork from operations that are gestation-stall free.

The survey, conducted by University of Missouri extension economist Ron Plain, found that currently only 17.3 percent of sows spend a portion of gestation in open pens. Plain surveyed pork operations with 1,000 or more sows. He received responses from 70 operations, which combined own about 3.6 million of the nation's 5.7 million sows.

"Today's survey shows that these food companies obviously haven't thought through the complexities, logistics or implications of their requests," said NPPC President R.C. Hunt, a pork producer from Wilson, N.C. "Simply making an announcement without understanding the entire supply chain's ability to meet these requests or the challenges involved is utterly befuddling. We feel it is important to have this first-hand information available to our customers." 

Read more of R.C. Hunt's comments on the sow housing survey by clicking here.

 

howmuchlongerwillHow Much Longer Will the Water Hold Out: Study Quantifies Aquifer Depletion in the Ogallala 

 

A new study looking at aquifer overexploitation in the High Plains and California Central Valley suggests that unsustainable withdrawal in key farming regions will significantly impact crop production in the United States.

Between 1950 and 2007, 4% of the land area in the High Plains, concentrated in Kansas and Texas, was responsible for one third of the Ogallala aquifer depletion, according to the study published in the Proceedings of the National Academy of Sciences last week. The researchers estimate that if consumption patterns from the last decade continue, the aquifer will be unable to support irrigation for nearly 35% of the southern High Plains region within 30 years, due to the low rate of groundwater recharge.

To date, about eight percent of the groundwater in the Ogallala has been depleted, the study says.

The rate of depletion varies greatly from the northern High Plains to the southern. In Nebraska, water levels have fallen less than one meter between 1950 and 2007. In portions of Kansas, Texas and the Oklahoma panhandle, water levels have dropped more than 30 meters.

We have more about this study on our website and a link to the full study itself.  Click here to go there. 

 

tightsuppliesTight Supplies, Higher Prices Set Summer Trend for Beef Markets

 

Memorial Day sales of beef were strong and Erica Rosa-Sanko of the Livestock Market Information Center out of Denver, Colorado, says they are a possible indication of where the beef trade is headed into the 4th of July weekend and throughout the summer.

"Retailers look to be featuring a lot of beef products going into the 4th of July holiday. This summer, ribs and loins, very positive outlook coming out of Memorial Day holiday week, but there are still a lot of concerns on the beef market particularly the consumer demand front."

Speaking with Erik Atkinson of the K-State Radio Network, Rosa-Sanko says a lot depends on consumers and the impact of economic news on their pocketbooks.

"We did get some economic news last week that indicated some slow growth sill occurring in our economy.   Gas prices have moderated some, but still they are relatively high. There's just some questions going on. And we still have relatively lower priced pork and poultry going into the summer."

 

Check out the latest Beef Buzz by clicking here. 

 

ThisNThatThis N That- Larry Mitchell Takes GIPSA Gig and Wheat Harvest Update

 

 

It's either a "temp" job that will last for about seven or eight months- or else a position that could stretch out over the next few years- we are talking about the announcement from USDA that Larry Mitchell has taken the seat that was warmed up considerably by J Dudley Butler that last few years- the head of GIPSA- the Grain Inspection and Packers and Stockyards Administration of the USDA.

 

Butler got the attention of almost everybody in the livestock industry with his so called "GIPSA Rule" that spun out of the 2008 Farm Law.  Critics said it went far beyond what the lawmakers had authorized- proponents countered that it was right in line with Congressional intent and decades overdue.  The measure generated over 70,000 comments and resulted in Secretary Vilsack backing away from many aspects of the GIPSA rule and issued a rule with limited changes to the industry this past year.   

 

Mitchell has been around the block several times in Washington- including time at the Clinton era USDA in the Farm Service Agency as well as with several farm groups like NFU, AAM and the American Corn Growers. Click here for more on this Obama Administration appointment within USDA.

 

Wheat harvest has continued around scattered showers in our northern counties of Oklahoma- and lots getting done in Kansas as well- we will have our next detailed look at how Oklahoma is doing later on this Thursday when we expect updates from both the Oklahoma Wheat Commission as well as from Plains Grains. For the Kansas lowdown- click here for their daily reportthat shows more and more locations now harvesting the 2012 hard red winter wheat crop.  

 

 

 

 

DDayLooking Back at D Day with Dave Shaw (and his dad)
 

 
Yesterday was June 6- and I neglected to thank our quickly vanishing World War II vets for their service as we remember D Day- and those tough early days on the beaches of Normandy. My daddy was in the Pacific- but Dave Shaw from southeastern Oklahoma had a dad who was there at Normandy 68 years ago on June 6- he wrote these comments yesterday on Facebook and I share them with you this morning- "It was 68 years ago today that my dad was one of 73,000 American soldiers fighting for freedom on the beaches of Normandy. Only 21 years old, he had already been recognized for his skill, intelligence and character as an officer in the 291st Combat Engineers.

"For him, military service was a simple decision. He often laughed, "If Hitler thinks Jews are inferior, no tellin' what he'd do to a bunch of backwoods, Oklahoma hillbillies." Dad built bridges and roads, most of the time with a rifle over his shoulder. He fought in the Battle of the Bulge and was on his way to the South Pacific when the "Bomb" was dropped. He fought with pride, killed with regret, and along with his fellow soldiers, made it possible for us to live freely in this great land!"

Thanks Dave for sharing- and and again to our Vets from that era- we remain a grateful nation!

 

 

Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, CROPLAN Genetics  and KIS Futures for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- FREE!

 

We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe.

Click here to check out WWW.OklahomaFarmReport.Com 

 

 

God Bless! You can reach us at the following:  

 


phone: 405-473-6144
 

 


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