~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Tuesday December 14, 2010A service of Producers Cooperative Oil Mill, Midwest Farm Shows and Big Iron OnLine Auctions!
-- USDA Secretary Vilsack Says Agency Will Perform Cost Benefit Analysis of GIPSA Rule
-- Five Cattle Market Factors to Watch in 2011- Courtesy of OSU Livestock Market Economist Derrell Peel
-- Dry and Warmer to be the Winter "Norm" Here in Oklahoma- Travis Meyer Explains It All
-- NCBA Tells the Senate on Tax Deal- Get Her Done!
-- US Meat Export Federation Reaching Korean Consumers with "To Trust" Campaign
-- USDA Researchers Report FMD Breakthrough
-- Climate Agreement Progerss Made in Cancun
-- 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 welcome Big Iron Unreserved Online Auctions as our newest sponsor of the daily Email. Their next auction is Wednesday, December 22- featuring Low Hour, Farmer Owned Equipment. Click here for their website to learn more about their Online Farm Equipment Auctions.
We 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 here.
If you have received this by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here.
USDA Secretary Vilsack Says Agency Will Perform Cost Benefit Analysis of GIPSA Rule
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The US Department of Agriculture will conduct a cost-benefit analysis of the so called "GIPSA Rule" that would significantly change the way livestock is marketed in the United States if adopted. Agriculture Secretary Tom Vilsack announced the analysis during a Monday Conference Call with Meat Industry officials. The National Chicken Council was one of the groups on the call- and their spokesman Richard Lobb told Dow Jones that this is the first time that they have heard USDA say they will conduct an extensive analysis.
Vilsack declined to speculate how long the review process would take, but said the rule as published June 22 was a draft and could be extensively changed before being finalized, the National Chicken Council reported in a news release after Monday's teleconference.
"A serious and robust analysis of the economic impact of the proposed GIPSA rule is long overdue," said NCC Senior Vice President and Chief Economist Bill Roenigk. "The rule will have a profound, far-reaching and costly impact on the poultry and livestock industries, and it should not have been put forth without an appropriate analysis of its impact on farmers and ranchers, industry, and consumers."
We have more on our website about this story- including links back to earlier stories about the Informa Economic Analysis that projects huge direct costs from the rule- and even bigger indirect costs if implemented as proposed back in July. We also have a link back to the letter written by Collin Peterson and Frank Lucas, along with more than a 100 members of Congress who called on USDA to do just such an analysis.
Five Cattle Market Factors to Watch in 2011- Courtesy of OSU Livestock Market Economist Derrell Peel
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Cattle prices across the board are expected to post year over year increases in 2011. Cattle prices are approaching record levels in several markets at the end of 2010 and will likely take cattle prices into uncharted waters in the coming year. Any number of external factors could impact cattle markets in the coming year but OSU Livestock Marketing Economist Dr. Derrell Peel believes there are several market factors that can be expected to have the biggest impact on market prices.
At top of his list is how beef demand plays out. Dr. Peel says "Projected decreases in beef production in 2011 will pressure wholesale and retail beef prices higher. The ability to pass on the impacts of reduced beef supplies will depend on continued recovery in beef demand. Recessionary weakness continues to limit middle meat demand though signs of recovery are evident at the end of 2010. Increased competing meat supplies, mostly increased poultry production, may temper retail beef prices somewhat."
Among his other factors that need to be watched is whether herd rebuilding begins or not, international trade as well as how the 2011 feed grain crops go. You can read the full analysis from Dr. Peel by clicking on the LINK below and see if your view of the market lines up with Derrell Peel or not.
Dry and Warmer to be the Winter "Norm" Here in Oklahoma- Travis Meyer Explains It All
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The winter of La Nina is right on top of Oklahoma right now- and there is no indication that it will be moving anytime soon, according to Meteorologist Travis Meyer of the News on 6. La Niña is associated with cooler than normal water temperatures in the Equatorial Pacific Ocean, unlike El Niño which is associated with warmer than normal water.
We visited with Meyer during the Tulsa Farm Show about current weather
conditions here in Oklahoma and the rest of the southern Great Plains,
which are being impacted substantially by the cooler than normal water
temperatures found in the Pacific.
You can hear our conversation with this rancher and weather expert by clicking on the LINK below. Our company is really fortunate to have two incredible teams of weather professionals- led by Travis Meyer in the Tulsa market and Gary England on the News9 side of the state. We rely on them to help us sort out the weather details that directly impact your farm and ranch operations.
NCBA Tells the Senate on Tax Deal- Get Her Done!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~National Cattlemen's Beef Association (NCBA) President Steve Foglesong is pleased the U.S. Senate passed a procedural vote to move forward with consideration of an agreement between Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) to extend all expiring tax rates for two years. Included in the agreement is a two-year fix for the estate tax, commonly known as the death tax, which reduces the top rate to 35 percent; increases the exemption level to $5 million; indexes exemptions to inflation; and includes a stepped-up basis. Foglesong said he urges the Senate to vote "yes" on final passage of the legislation as currently written. A vote is expected in the Senate as early as today.
The Senate is likely to pass the measure- but the unknown is if the House will follow suit. The House Democrats are in their final days of being the majority- and they may try to do a final power play on aspects of this bill- with many liberals in the House hating the compromise on the Death Tax. They want to raise the tax rate and lower the exemption amount- something that ag groups will lobby hard against.
Click on the LINK below for more on this December Drama in DC- as we have comments from Steve Fogelsong on why their group wants this deal done- even to the point where they can accept the extension of ethanol tax credits.
US Meat Export Federation Reaching Korean Consumers with "To Trust" Campaign
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Last December, the U.S. Meat Export Federation (USMEF) launched a "To Trust" marketing campaign in South Korea to rebuild consumer confidence in U.S. beef. Through the support of the Beef Checkoff Program and the USDA Market Access Program (MAP), the campaign helped dispel much of the misinformation that had been spread about U.S. beef and provided consumers with assurance of the U.S. industry's commitment to beef safety.
The results have been outstanding, as this year's exports of U.S. beef to Korea have more than doubled over 2009, rising 125 percent in volume (through October, more than 90,000 metric tons) and 168 percent in value ($422.3 million).
We discuss these efforts and how they have evolved over the year on today's Beef Buzz with Greg Hanes, USMEF assistant vice president for international marketing. Our Beef Buzz show is heard on many of our great radio stations across the state of Oklahoma and beyond on the Radio Oklahoma Network. You can also catch our Beef Buzz reports on our website- just go to www.OklahomaFarmReport.com and click on the Beef Buzz button on the left hand column of any page.
USDA Researchers Report FMD Breakthrough
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~USDA scientists have identified the primary site where the virus that causes foot-and-mouth disease begins infection in cattle. This discovery could lead to development of new vaccines to control and potentially eradicate FMD, a highly contagious and sometimes fatal viral disease of cloven-hoofed animals that is considered the most economically devastating livestock disease in the world. The discovery was made by scientists with the Agricultural Research Service Foreign Animal Disease Research Unit at the Plum Island animal Disease Center, at Orient Point, New York.
Researchers found that after just six hours of exposure to the FMD virus through the cow's nasal passages, the virus selectively infects epithelial cells in the nasopharynx, a specific region of the back of the cow's throat. Veterinary medical officer Jonathan Arzt, believes - we can now begin to target the virus-host interaction in an effort to develop better vaccines and biotherapeutic countermeasures against the disease.
Because there are seven different types of FMD viruses and more than 60 subtypes, vaccines must be highly specific, matched to the type and subtype present in the area of an outbreak, to protect animals against developing clinical signs of disease. Blocking the initial site of infection may be the most effective way to achieve complete protection.
Climate Agreement Progerss Made in Cancun
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Mexico, hosting U.N.-sponsored talks addressing climate change worldwide, appears to have broken a log jam. Late last week delegates from 193 nations, meeting in Cancun, Mexico, accepted a package of measures presented by Mexico, aimed at addressing the problem. David Waskow, climate change program director for Oxfam America, says the agreement - puts us on a path so the process can keep moving forward. However, he cautioned, - it's not everything we want, buy we're pleased.
Mexico's proposal includes all the basic elements of what delegates had set out to achieve at the start of this year's talks, including the establishment of an international "Green Climate Fund" to help developing nations curb their emissions and respond to climate impacts; a framework for compensating rainforest nations for preserving standing forests; a new method for transferring clean-energy technology from industrialized nations to developing ones; an international registry of nations' emission-reduction commitments; and a process for monitoring the fulfillment of those pledges.
Mexican Foreign Secretary Patricia Espinosa urged ministers to build on the progress her government tried to capture in its proposal. U.S. special climate envoy Todd Stern endorsed the proposal, saying it's adoption would - put the world forward on a more hopeful path towards a low emissions and sustainable future. It appeared to satisfy the United States, which had pressed hard for a measure to verify whether countries including China and India were making the voluntary emission cuts they have promised to do in the years ahead.
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, KIS Futures and Big Iron Online Auctions 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.
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 $9.75 per bushel, while the 2010 New Crop contracts for Canola are now available are $10.40 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:
God Bless! You can reach us at the following: