From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Thursday, October 18, 2012 5:52 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update


 
OK Farm Report banner
 
Support Our Sponsors!

PCOM


 

Winfield Solutions- Croplan
Canola Seed
Oklahoma Cattlemen's Association 
FarmShow


Johnston Enterprises


P&KEquipment


KISFutures

LROLogo


Join Our Mailing List

Follow us on Twitter    Find us on Facebook    View our videos on YouTube

   

     View my photos on flickr

Quick Links

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! 

 

Our Market Links are a service of Oklahoma Farm Bureau Insurance

 

 Ok Farm Bureau Insurance 

 

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:  

Cash price for canola was $10.67 per bushel- based on delivery to the Northern AG elevator in Yukon yesterday. The full listing of cash canola bids at country points in Oklahoma can now be found in the daily Oklahoma Cash Grain report- linked above.

 

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 Update from Ron Hays of RON
   Thursday, October 18, 2012
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 

Featured Story:
oklahomafarmbureauOklahoma Farm Bureau Leaders Prepare for State Convention 

 

A resolution calling for a $2.5 million state emergency fund to aid with damage from wildfires and other natural disasters was among more than 100 resolutions passed by the Oklahoma Farm Bureau state resolutions committee Oct. 17-18 in Oklahoma City. The proposal will be voted on during the annual OFB convention Nov. 9-11 in Oklahoma City.

"We've dealt with a series of natural disasters in recent years and this emergency fund would with specifically help with ease the burden in rural areas of Oklahoma," said Mike Spradling, Oklahoma Farm Bureau president.

The committee also passed a resolution supporting a stronger crop insurance program.

"If direct payments are excluded from the next farm bill, there should be more funds available to strengthen the crop insurance program," Spradling said.   "Risk management is extremely important as farmers deal with volatile markets and weather conditions."  Click here to read more. 

 

Members of the committee also passed the hat during their opening luncheon to fight hunger.  Members contributed enough to provide 1,000 meals Gov. Fallin's third annual Feeding Oklahoma Food and Fund Drive.  You can read more about that by clicking here. 

 

 

Sponsor Spotlight

 

  

We are delighted to have the Oklahoma Cattlemen's Association as a part of our great lineup of email sponsors.  They do a tremendous job of representing cattle producers at the state capitol as well as in our nation's capitol.  They seek to educate OCA members on the latest production techniques for maximum profitabilty and to communicate with the public on issues of importance to the beef industry.  Click here for their website to learn more about the OCA.

 

 

 It is great to have as a regular sponsor on our daily email Johnston Enterprises- proud to be serving agriculture across Oklahoma and around the world since 1893. Service was the foundation upon which W. B. Johnston established the company. And through five generations of the Johnston family, that enduring service has maintained the growth and stability of Oklahoma's largest and oldest independent grain and seed dealer. Click here for their website, where you can learn more about their seed and grain businesses.    

 

   

CropInsPastureCrop Insurance for Pasture and Hay Land- Worth a Look for 2013! 

 

 

While there currently is no disaster assistance program for livestock feed that is a part of the recently expired 2008 farm law, cattle producers do have risk management available to them in the form of a crop insurance product for their pasture and hay land. The Pasture, Rangeland, Forage Insurance Program (PRF) is a pilot federal crop insurance program that provides insurance protection for perennial forage produced for graz­ing or harvested for hay. The program is administered by the USDA Risk Management Agency (RMA) and sold through private crop insurance companies.

 

Dr. Jody Campiche of Oklahoma State University is a big fan of this program- the Ag Economist talked with us about this risk management tool on today's Beef Buzz. She says the time is now to learn about the Pasture, Rangeland and Forage Insurance program as the deadline to sign up for 2013 is November 15th of this year.  

 

Jody told us as we talked with her yesterday in her office on campus in Stillwater that she is concerned most producers have NO IDEA that this program is available- and that they need to get the details and decide if it makes sense for their ranch. 

 

The cost of the program is very affordable- especially for simply coverage for pasture (higher for insuring land you are producing hay on) and the indemnities if there is not enough rain in the time period you select can be significant.     

 

Click here for more on this Crop Insurance program for pasture- and a chance to hear our full conversation with Jody on the PRF program.  With no livestock feed assistance programs now available- this is worth checking into.

 

 

cmegrouptoCME Group to Acquire Kansas City Board of Trade

 

CME Group, the world's leading and most diverse derivatives marketplace, and the Kansas City Board of Trade, the leading futures market for hard red winter (HRW) wheat, announced they have signed a definitive agreement under which CME Group will acquire the Kansas City Board of Trade (KCBT).

Under the terms of the transaction, CME Group will pay $126M in cash for KCBT. In addition, KCBT will make a special distribution of excess cash to members concurrent with closing. CME Group has committed to maintain a committee made up of KCBT market participants to advise on HRW wheat contract terms and conditions for at least three years, and to maintain the historic KCBT trading floor in Kansas City for a period of at least six months.

"Global agricultural market participants continue to depend on liquid, transparent risk management tools for price discovery in both established and emerging economies," said CME Group Executive Chairman and President Terry Duffy. "Building on two rich legacies, the combination of KCBT Hard Red Winter Wheat products with our deep and liquid CBOT Soft Red Winter Wheat futures and options markets will provide new trading opportunities for market participants around the world - both on the trading floor and on the screen."

 

Click here to read more.

  

formerosuscientistFormer OSU Scientist Advises Consumers to Cut Down on Food Waste

 

If you've ever tossed leftovers or overripe fruit without considering tomorrow's lunch or creative baking, you're part of the problem, said Brad Morgan, senior food safety and production efficiency specialist with Pfizer Animal Health.

"We throw away 242 pounds of food per person per year," he said.   

That's about 1,400 calories per person per day, and roughly 1.3 billion tons of food per year. Morgan shared these facts at this year's Feeding Quality Forum in Grand Island, Neb., and Amarillo, Texas. Morgan was a long time member of the Oklahoma State University Animal Science faculty and is considered one of the leading meat scientists in the country. (and of course- one of the all time great guys in our agricultural circles)

"We spend about 7% of our disposable income to feed our families," he said. "In Europe they spend anywhere from 13% to 28% of their income. What am I getting at? One, we take food for granted. Two, it's cheap. And three, we always expect it to be there."

 

You can read more of this article by clicking here.

 

mineralprogramMineral Program for Cows on Wheat Pasture Prevents Grass Tetany

 

Glenn Selk, Oklahoma State University Emeritus Extension Animal Scientist, writes in this week's Cow-Calf Newsletter that establishing a mineral feeding program is important for cows on wheat pasture.

Many Oklahoma cow calf producers will use wheat pasture as a major source of winter feed for beef cows. If wheat pasture is the predominant feed in the diet of mature beef cows, providing an appropriate "wheat pasture" mineral mix will be helpful in preventing grass tetany at, or after the calving season begins.

Grass tetany, caused by magnesium deficiency, does not seem to be a major problem in Oklahoma although occasional cases are reported. It typically occurs in beef cows during early lactation and is more prevalent in older cows. The reason is thought to be that older cows are less able to mobilize magnesium reserves from the bones than are younger cows. Grass tetany most frequently occurs when cattle are grazing lush immature grasses or small grains pastures and tends to be more prevalent during periods of cloudy weather. Symptoms include incoordination, salivation, excitability (aggressive behavior towards humans) and, in final stages, tetany, convulsions and death.

You can read more of Glenn Selk's advice on a mineral feeding program by clicking here.  

 

 

feedyardprofitabilityFeedyard Profitability Remains Elusive Into 2013, K-State Economist Says

 

Without a doubt, 2012 has been a lousy year for making money on feeding cattle. High feed costs are the main reason.

In his latest cattle profit forecast, Kansas State University livestock economist Dr. Glynn Tonsor says he believes there are better times ahead, but the profitability of finishing cattle is well out into the future.

"We have, historically, bad current close-outs. We estimate that the August close-outs, so we now know performance and market information then, were negative $253 for the representative steer. There's only four months since, I think it was, June of '93, when you start comparing, that were worse, one of which was the previous month. So, we kind of have these building negatives. And we have continuing negative forecasts for the next three months."

Dr. Tonsor has a lot more to say about feedyard profitability and joins us on the Beef Buzz.  Click here to go there.

  

pairofoutstandingThis N That- Cattle on Feed, Star Lake Sells Out and Shorthorn 500 Roars Around the Corner 

 

Cattle on Feed Numbers will be released by Uncle Sam on Friday afternoon- and the Dow Jones folks have surveyed several cattle market analysts who believe that the placements during September will be well under those of 2011- average pre report guess is 15% less.  Marketings are expected to be 10% under that of last September, while the on feed number is predicted to be 97.8% of October 1, 2011. This report may suggest what we have been hearing from folks like Derrell Peel of OSU and Jim Robb of LMIC for quite some time- the pipeline is simply running out of cattle to place into the nation's feedlots. That report is due out Friday at 2:00 PM central time.  

 

********* 

This Friday and Saturday will be the final sale at the Star Lake Cattle Ranch in Skiatook. Star Lake is one of the premium Hereford operations in the country. Cattle, embryos, recipients, semen, and equipment will all be sold. Cattle will be sold both days with the majority of the pregnant recipients, embryos, and semen going on the block Friday. Star Lake built a dynasty in the Hereford breed. You'll find more information on the sale and a link to Star Lake Herefords by clicking here.

 

*********  

The Shorthorn 500 Production Sale will take place October 27 in Marietta at the Brooks Cattle Sale facility. Seven outstanding shorthorn breeders have contributed 70 lots to be sold including herd sires, spring and fall pairs, bred cows and heifers, semen, embryos and show steer products. For a list of breeders and a link to the complete show catalog, click here.

 

 

 

Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, CROPLAN by Winfield,  KIS Futures and the Oklahoma Cattlemen's Association 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

 

 


2008-2011 Oklahoma Farm Report
Email Ron   |   Newsletter Signup

This email was sent to ron.hays@radiooklahoma.net by ronphays@cox.net |  
Oklahoma Farm Report | 7401 N Kelley | Oklahoma City | OK | 73111