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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
Market Links are a service of Oklahoma Farm Bureau
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.
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
price for canola was $10.98 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.
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
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
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
Latest Farm and Ranch News
Update from Ron Hays of RON
Supplies Forecast Nationally While Oklahoma
Prospects Improve Over Last Year
USDA Crop Production estimates came in about as
expected- however the Supply Demand data that was
released in a separate report Thursday morning
sparked a rally in soybean futures.
soybean production is forecast at 2.86 billion
bushels, up 9 percent from September but down 8
percent from last year. Based on October 1
conditions, yields are expected to average 37.8
bushels per acre, up 2.5 bushels from last month
but down 4.1 bushels from last year.
corn production is forecast at
10.7 billion bushels, down slightly from the
September forecast and down 13 percent from 2011.
This represents the lowest production in the
United States since 2006.
cotton production is forecast at 17.3
million 480-pound bales, up 1 percent from last
month and up 11 percent from last year. (Click here to read more and to access
links to the full USDA Crop Production and Supply
Oklahoma, most spring planted crops have
survived the drought conditions of mid-summer
forward and are significantly larger than in 2011.
Unlike the smaller corn and soybean crops
nationally, Oklahoma farmers are seeing better
results in 2012 compared to one year ago. And
production prospects improved over the last month
for most categories as well.
prospects increased for corn, sorghum, all hay,
alfalfa hay, all other hay, and soybeans during
the past month according the Oklahoma Crop
Production report issued by the USDA-NASS Oklahoma
Field Office. (Click here for more Oklahoma
are also excited to have as one of our sponsors
for the daily email Producers Cooperative
Oil Mill, with 64 years of progress
through producer ownership. Call Brandon Winters
at 405-232-7555 for more information on the
oilseed crops they handle, including sunflowers
and canola- and remember they post closing market
prices for canola and sunflowers on
the PCOM website- go there by clicking
are proud to have KIS
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
provide us for our website or call them at
1-800-256-2555- and their iPhone App, which
provides all electronic futures quotes is
available at the App Store- click here for the KIS
Futures App for your iPhone.
Pork, Poultry Organizations
Make Case to EPA for RFS Waiver
National Chicken Council and the National Pork
Producers Council delivered comments to the EPA in
support of granting waivers from the 2013
Renewable Fuels Standard.
a report prepared by three economists at Purdue
University, the NCC said granting a full waiver
would drop the price of corn more than $2 per
bushel, aiding poultry producers. The NCC
also delivered 10,000 individual comments from the
comments prove in detail that the RFS is causing
severe economic harm to the U.S. economy, and the
2013 requirement must be waived in full," said NCC
President Mike Brown. (You can read more from the NCC by
NPPC said EPA should grant a waiver of the federal
requirement for the production of corn ethanol
because the mandate, coupled with a summer drought
that has reduced yields and pushed up prices of
feed grains, is causing severe economic harm to
pork producers. (You'll find more from the NPPC and a
link to their full comments to the EPA by clicking
in the day Thursday- we also got some details of
the National Cattlemen's beef Association's
comments that were offered to EPA- under the
signature of their President JD Alexander of
Nebraska. Click here to see our story on
their contention a waiver for the next year is
badly needed to provide some breathing room for
and ethanol producers squared off against
livestock producers, submitting comments to the
EPA in opposition to the granting of waivers to
the Renewable Fuel Standards.
National Corn Growers Association expressed strong
support for the RFS and noted that granting a
waiver at this point would be premature.
NCGA pointed out that, with harvest still
underway, a complete count of the 2012 corn crop
is unavailable, and that this information is
needed for an informed decision by the EPA.
(Click here for more from the
is simply no justification for waiving the RFS,"
stated Tom Buis CEO of Growth
Energy. "These waiver requests are riddled with
inaccuracies and misinformation and there is no
merit to our critics' arguments." (Click here from more from Tom
Fuels Association President and CEO Bob
Dinneen blasted the waiver requests as
"procedurally incomplete, legally
insufficient, and factually flawed. Perhaps
most outrageous is the fact the petitioners make
no mention of the RFS program's inherent
flexibilities, and they blatantly ignore the fact
that the ethanol industry is responding rationally
to current grain market conditions by
significantly reducing production." (You'll find more from the RFA by
High Prices are Nice, but Usually Exacerbate
his latest Policy Pennings column, Daryll
E. Ray of the Agricultural Policy
Analysis Center at the University of Tennessee
says be careful what you wish for when it comes to
high commodity prices.
The high prices
being fetched this year for corn and soybeans this
year may turn out to be a mixed blessing for crop
For those with a crop to sell or
adequate insurance, the high prices will virtually
guarantee that they make a healthy profit. For
those who went light on insurance this year and
have little to harvest, the high prices will bring
But, we need to
remember that the impact of high prices extends
well beyond the current year. High prices send a
signal to the market that more production is
needed in the future. When the high prices are the
result of a sizeable shift in demand, then the
signal will result in an increase in production
needed to meet this new demand level.
You can read more of this story on
our webpage by clicking here.
Ending Stock Projections Send Prices Slightly
a preview to this weekend's SUNUP program, OSU
Small Grains Marketing Specialist Kim
Anderson takes a look at the latest World
Agricultural Supply and Demand Estimates.
"The numbers the market was watching were
the ending stocks. They came in at 654 million
bushels. The market was expecting 630, so slightly
above that. The five-year average is 708 million
bushels. In the report, the USDA raised the
feeding of wheat or the wheat used for feed and
lowered the exports. In the world, the market was
expecting lowered ending stocks. They got that.
The world at... 6.35 billion bushels, down 227
million, the average at 6.54 billion bushels. They
raised the production estimates for Australia,
Russia, European Union, also minor adjustments for
Canada, Uruguay and some other minor countries
also said that corn ending stocks were revised
lower and that sent the corn and wheat markets up
slightly. He says he expects corn prices to remain
strong going forward.
You can hear more from Kim Anderson
and see the lineup for this week's SUNUP by
Mary Fallin Kicks off Feeding Oklahoma Food and
Mary Fallin kicked off her third annual
Feeding Oklahoma Food and Fund Drive, which begins
on Oct. 15, with the goal of raising 1.2 million
meals to help feed hungry families, children and
seniors this holiday season. The month long food
and fund drive will benefit the Regional Food Bank
of Oklahoma, the Community Food Bank of Eastern
Oklahoma, and their partner agencies across the
"Time and again, Oklahomans prove
to be the most caring and giving individuals in
the nation," Fallin said. "Last year, Oklahomans
from all 77 counties came together and donated
well over one million meals during the holiday
season. This year, we can do even more for the
hungry in our state."
Among the locations
where you can drop off canned goods and other non
perishable foods- your county Oklahoma Farm Bureau
office that gives folks in all 77 counties access
to this statewide effort.
To read more and to find out where
you can make a tax-deductible donation, click
of Calendar Stuff- Black Jack, In the Field
Preview, OCA Fall Gatherings, School Land Lease
Auctions and More
Blackjack and Guests Female
Production Sale is scheduled for tomorrow
(Saturday October 13) at Blackjack Farms,
Seminole, Oklahoma- the sale starts at 12:30 and
will feature cattle from the Blackjack herd, as
well as from McFerran Farms, MCS Cattle and
Pfeiffer Angus. Click here for the sale catalog
or you can call Keith Grissom
for last minute sale info- that number is
morning during our In the Field video segment- we
are excited to introduce you to Marty
Jones of Owasso FFA, who is the National
Officer candidate representing Oklahoma in about a
week in Indianapolis at the 85th Annual Convention
of the National FFA. Tune in around 6:40 am to the
morning news segment of KWTV News9 in Oklahoma
City to see and hear our visit with Marty.
taking a couple of weeks breather- the
Oklahoma Cattlemen's Association
staff is back on the road on Monday- headed for
Guymon and their next OCA Fall Gathering- being
hosted by the Hitch family. Later in the week- OCA
will head to Bristow on October 18th for the final
of their Fall Gatherings. Click here for details on the
final couple of stops on their fall meeting
first of the Oklahoma School Land
Commission Lease Auctions for 2012 will
be held this coming Monday in Beaver County- then
Tuesday- they move to Boise City and Guymon.
We have all of the Lease Auction locations listed
on our calendar page on
OklahomaFarmReport.Com. Click here for the Monday listing
for Beaver, Oklahoma and that will give you links
to details of all of the locations as well as a
description of every single parcel that will be
auctioned for lease this month on a county by
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