~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Thursday January 13, 2011A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- National Pork Board Meeting Underway in Downtown Oklahoma City
-- Oklahoma Planted 5.4 Million Acres of Winter Wheat This Past Fall
-- Wednesday Morning Supply/Demand Data Suggests High Grain and Oilseed Prices Will Be Around for Awhile
-- Congressman Lucas Likes What He Sees Coming Out of American Farm Bureau Policy Session
-- Johanns Wants Accounting of USDA's "Pet Project" Know Your Farmer- Know Your Food
-- Oklahoma Soy Expo Set for Next Wednesday- January 19 in Stillwater
-- Quick Hits- Welcome Ian Pope to this life- Food Drive Numbers and More
-- 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 have KIS Futures as 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 page they provide us for our website or call them at 1-800-256-2555.
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National Pork Board Meeting Underway in Downtown Oklahoma City
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The National Pork Board has taken their first Board meeting of the year on the road again in 2011- with the location chosen for the 2011 meeting Oklahoma City. Oklahoma ranks eighth nationally in total swine numbers and fifth in the number of pigs produced; the state is a major producer of piglets that are finished in nearby states. According to data from the U.S. Department of Agriculture, Oklahoma producers market approximately 7.5 million hogs annually, producing cash receipts of more than $636 million. Nearly 16,000 Oklahomans are employed in swine production.
The discussion began on Wednesday evening as the National Pork Board met with the Oklahoma Pork Council Board and other hog producers in the state. The National Pork Board members heard about the concerns of Oklahoma of losing checkoff monies in recent years because a large number of the piglets shipped to other states are not credited to their Oklahoma roots when it comes to checkoff collections. Roy Lee Lindsey, Executive Director of the Oklahoma Pork Council, related that a change in the law in Iowa a few years back cost Oklahoma $160,000 in checkoff revenue even though there are just as many pigs going from Oklahoma to Iowa as was previously the case.
Oklahoma exports as many as five million piglets annually to other states that raise more corn and other feed grains for hogs. Lindsey says that the Oklahoma industry is dependent on those pigs being properly handled in the transportation process- as well as being dependent on those other states accepting these animals from our state. Any animal disease problems that might jeopardize that movement could be devastating to Oklahoma pork producers.
Click on the LINK below to read more about the gathering last night- as well as a chance to hear from the current National Pork Board Chairman, Gene Nemechek. Nemechek, by the way, has Oklahoma ties as his role with Tyson means that he spends a good bit of time in Oklahoma with hog producers that are producing pigs that are eventually processed by Tyson plants.
Oklahoma Planted 5.4 Million Acres of Winter Wheat This Past Fall
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~No major surprises were seen in the 2011 winter wheat crop seedings report that was issued by USDA on Wednesday morning. USDA projects a ten percent increase in the number of acres planted for the 2011 crop versus the 2010 plantings. They are about eight percent less than the plantings for the 2009 crop.
In the Hard Red Winter Wheat region- the numbers are higher than a year ago- but not nearly as eye popping. Oklahoma stayed above five million acres on plantings of hard red winter wheat at 5.4 million acres- up 2% from a year ago but 300,000 less acres than was planted in the fall of 2008 for harvest in 2009. That season was the one where we had drought and multiple late freezes that ended up with many farmers having only a half crop when harvest came.
Other HRW states include Kansas with five percent more acres planted this year than last at 8.8 million acres, Colorado at 2.5 million acres and 2% more than the 2010 harvest year and Texas up just one percent in plantings of wheat at 5.75 million acres compared to 5.7 million acres a year ago. Many of the eastern Texas acres are actually SRW acres, so Kansas and Oklahoma continue to be the two top HRW states, followed by Texas.
Wednesday Morning Supply/Demand Data Suggests High Grain and Oilseed Prices Will Be Around for Awhile
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The latest USDA Crop and Supply Demand Reports have been released by the agency. The Wednesday morning reports on Supply Demand data shows shrinking stocks of corn, wheat and soybeans based on the latest data. Stocks of cotton in the January report were left unchanged compared to December.
Two questions come out of the numbers from Uncle Sam on Wednesday morning. With the corn ending stocks at their lowest levels in fifteen years- How high can corn prices go before somebody can't pay? That's question one and you can substitute wheat or soybeans or even cotton for corn- with this question being a key one to ask from the demand side of the equation.
The second question is "How high does cornhave to go before everybody
from Timbuktu to Buenos Aires plants corn and floods the market? Assuming
you are a user of the crop in question- and you want lower prices- that
question addresses supplies.
Congressman Lucas Likes What He Sees Coming Out of American Farm Bureau Policy Session
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The farm policy position established by the American Farm Bureau on Tuesday of this week has received quick praise from Oklahoma Congressman Frank Lucas, who sits as the Chairman of the House Ag Committee in the new Congress. Farm Bureau delegates reaffirmed their love for the 2008 farm law- saying several of the key elements of that bill- including Direct Payments- should be maintained if budget realities permit that to happen. Click here to see the story we did yesterday on the Farm Bureau policy positions.
Congressman Lucas issued a statement on the Farm Bureau policies- and
here is a portion of that statement:
"The resolutions AFBF passed during the annual meeting will serve as an
important guide as we begin the process of reauthorizing the farm bill in
2012. We share a belief that a strong safety net for our farmers and
ranchers is essential for producing an abundant and affordable food and
fiber supply. The 2012 farm bill faces clear budget challenges and I
encourage all involved to begin thinking about how we address these
challenges in the most fiscally responsible way."
Johanns Wants Accounting of USDA's "Pet Project" Know Your Farmer- Know Your Food
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Nebraska Senator Mike Johanns has outlined his goals for the Senate Agriculture, Nutrition, and Forestry Committee as the 112th Congress begins. In addition to hearings about the reauthorization of the farm bill set to expire in 2012, Johanns stressed the importance of the committee's oversight responsibilities related to the Administration.
One of the things that the former USDA Secretary wants the Senate Ag Committee to do in 2011 is to examine "the budget for USDA, including an assessment of the efficacy of earmarks and an accounting of resources that have been diverted from production agriculture priorities and instead devoted to Administration pet projects, such as Know Your Farmer, Know Your Food and climate change initiatives."
In his letter to Senators Debbie Stabenow and Pat Roberts. Johanns said, "This Administration has clearly demonstrated an inclination to unnecessarily regulate and over-burden our farmers and ranchers to a stifling degree, and it is the Committee's important duty to assert its role as representatives of our ag producers." Working together, Johanns said, "We can produce a farm bill and other policies that will help empower our farmers and ranchers to continue to lead the world in agriculture."
Oklahoma Soy Expo Set for Next Wednesday- January 19 in Stillwater
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Recipe for Success is the theme of the 2011 Oklahoma Soy Expo which comes up next Wednesday, January 19, 2011. The Expo will be held in the Wes Watkins Center on campus at Oklahoma State University in Stillwater. (Wes Watkins Center is right across the street from Boone Pickens Stadium)
Featured speakers will include Dan Smith with Top Third Marketing out of Illinois, new Oklahoma Secretary of Agriculture Jim Reese and a quartet of top notch OSU specialists that will get you up to speed on key issues for production using best management practices in 2011 if you include soybeans in your cropping mix.
With cash soybean prices above $13.00 a bushel right now- soybeans are a crop you will want to consider on your farm in 2011. The Expo is the place to meet vendors at their trade show to get up to speed on varieties that will help you succeed- and then absorb the management lessons you will need to thrive in the coming growing season. Click on the LINK below and we look forward to seeing you next Wednesday in Stillwater.
Quick Hits- Welcome Ian Pope to this life- Food Drive Numbers and More
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Ben Pollard from the Oklahoma Conservation Commission offers this great word from the Pope family- "I am pleased to report that Clay and Sarah Pope have a new addition to their family. Ian Henri Adair Pope was born Tuesday afternoon (1.11.11) in Oklahoma City. Ian weighed 7 pounds 15 ounces. A photo of Ian is attached. Congratulations to Clay and Sarah!"
Governor Mary Fallin has a success story under her belt already- with the word that the statewide "Feeding Oklahoma" food drive organized by the inaugural committee of Governor Mary Fallin raised more than 20,000 pounds of food and $100,000 during December and early January. Oklahoma Farm Bureau was involved as they offered their county offices statewide as a drop off point in all 77 counties.
Just wanted to remind you- when you have an event that we need to know about and be sharing- don't assume I have the information- drop me an email and let me know what is going on with your group and meetings and events that you have coming up. Drop me an email at the address link at the very bottom of today's email report- or copy and paste this address into your email software and get me that info! email@example.com We'll tell everyone here in this email as well as on the calendar pages of our website- WWW.OklahomaFarmReport.Com.
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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 $10.15 per bushel, while the 2011 New Crop contracts for Canola are now available are $10.65 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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