~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Thursday February 10, 2011A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- OUCH!!! Oklahoma Goes Well Below Zero
-- EPA Administrator Takes Stance Against GOP Plan to Halt Regulation of CO2 Gases
-- USTR Ron Kirk Says Korean FTA Will Go to the Hill Soon- But Not Columbia and Panama
-- Oklahoma Congressman Frank Lucas Now Has an Oversight Agenda in Place for 2011
-- Latest Supply Demand Report Reflects More Corn Bushels Headed to Ethanol
-- Pfizer Animal Health Vet Says Spring Deworming Protects Your Cattle and Your Profits
-- Partial Counter-Cyclical Payments Not Coming
-- 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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Producers Cooperative Oil Mill, with 64 years of progress through
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information on the oilseed crops they handle, including sunflowers and
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sunflowers on the PCOM
website- go there by clicking here.
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OUCH!!! Oklahoma Goes Well Below Zero
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~If I had told you that we were three degrees below zero in the Oklahoma City area- you would expect that was one of the lowest temperatures in the state- but this morning, that's not even close to the lowest temperature in the northern half of our state- Marshall- the home of the OSU wheat pasture research site- has the dubious honor of one of the very coldest spots this morning at 22 degrees BELOW zero.
The combination of the second significant snow storm in as many weeks and the ridiculous temperatures have many schools closed again- and several ag related events postponed as well. Both OKC West in El Reno and the Southern Oklahoma Livestock Auction in Ada were closed yesterday because of the problem of getting cattle moved from the country to town.
Also we have been told the following meetings have been canceled for
Click here for our weather page with links to several of our weather gurus that we check with on a regular basis. And we have pulled one graphic from the Mesonet that shows the number of hours we have been below zero- with those numbers to grow for at least another 30 hours or so in most locations as little of Oklahoma is expected to sneak above freezing today.
EPA Administrator Takes Stance Against GOP Plan to Halt Regulation of CO2 Gases
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The head of the Environmental Protection Agency on Wednesday criticized a bill drafted by Republicans on the House Energy and Commerce Committee, saying it would strip the agency of its ability to curb greenhouse gas emissions. Click here for our webstory of her opening comments to the Committee on Wednesday.
The committee's proposed Energy Tax Prevention Act of 2011 would
"eliminate portions of the Clean Air Act, the landmark law that all
American children and adults rely on to protect them from harmful air
pollution," EPA Administrator Lisa P. Jackson told a packed committee
Under questioning, Jackson says that agriculture will not be directly regulated until after 2013. But the American Farm Bureau Federation and others have argued if the courts strike down EPA's so-called tailoring rule - which minimizes impacts on small emitters - then agriculture will feel the full force of the regulations before then. And it might happen anyway, under EPA's timetable by 2016.
USTR Ron Kirk Says Korean FTA Will Go to the Hill Soon- But Not Columbia and Panama
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~In a House Ways & Means Committee trade hearing Wednesday, U.S. Trade Representative (USTR) Ron Kirk said President Obama will submit the Korean Free Trade Agreement to Congress "in the next few weeks," aiming for congressional approval "this spring."
However, according to a report on Agri-Pulse, the Obama Administration is no where close to being willing to send the FTAs with Panama and Columbia. Agri-Pulse reports "In the case of Colombia and Panama, however, Kirk warned that "there remain serious issues to be resolved before these agreements can be submitted for congressional consideration and some of these issues go to our core U.S. values and interests such as the protection of labor rights." He said "Any timetable will be contingent on the successful resolution of these issues" including "violence against labor leaders and prosecution of the perpetrators" in Colombia. Kirk noted that the administration is sending a team of USTR negotiators to Colombia next week to continue work on finalizing the FTA.
"Drawing on all the times they've worked together in the past as fellow Texans with a shared passion for exports, Rep. Sam Johnson, R-Texas, called on Kirk to work harder to get all three pending FTAs finalized. Kirk responded that while he maintains his passion for exports, as USTR he now must consider the entire country - including his Detroit in-laws and others who feel their regions have been hurt, not helped, by trade. He pointed out that "there are strong differences on this committee, whether we go forward or not" and that his job is to "restore the American public's faith" in the benefits of trade."
Oklahoma Congressman Frank Lucas Now Has an Oversight Agenda in Place for 2011
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The House Agriculture Committee meets Thursday to consider first an "Oversight Plan" for reviewing the full range of federal programs and policies affecting agriculture and then "To review implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act." In preparation for the meeting, Committee Chair Frank Lucas, R-Okla., has drafted an oversight plan to include not just the Farm Bill and virtually all USDA programs- but lots of environmental issues as well.
The plan includes the following highlights:
This list is just a very small sample of multi-page list that
Congressman Lucas has developed.
Latest Supply Demand Report Reflects More Corn Bushels Headed to Ethanol
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~USDA once again lowered its forecast for U.S. corn ending stocks in the year ending September 2011, citing stronger use for ethanol and high fructose corn syrup, and raising projected average prices to $5.05 to $5.75 per bushel from $4.90 to $5.70 last month.
USDA put U.S. corn ending stocks at 675 million bushels. Analysts on average had expected ending stocks at 728 million bushels, according to a Reuters poll, so the new USDA forecasts sent corn futures prices over $7.00 a bushel- they settled on Wednesday afternoon at $7.13 a bushel.
Corn used for ethanol is projected 50 million bushels higher on a higher-than-expected November final ethanol production estimate and weekly ethanol data that indicate record output for December and January.
Pfizer Animal Health Vet Says Spring Deworming Protects Your Cattle and Your Profits
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Economically important parasites often differ according to geographic region, but, according to Gary Sides, Cattle Nutritionist, Pfizer Animal Health Veterinary Operations, there is one parasite for which cattle producers in all parts of the country should keep an eye out this spring: the brown stomach worm.
Sides says that the brown stomach worm is the No. 1 most damaging internal parasite in cattle. Because the brown stomach worm, and other stomach worms, are bloodsuckers, they cause irritation and inflammation to the stomach and intestinal linings of cattle. As a result of inflamed or irritated stomach lining caused by parasites, infected cattle can't properly absorb nutrients as they normally would.
In fact, research has shown that the brown stomach worm and other
parasites could cost the industry up to $3 billion annually in lost weight
gains, poor feed conversion and increased disease.
Partial Counter-Cyclical Payments Not Coming
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Farm Service Agency Administrator Jonathan Coppess says there will be no partial 2010-crop counter-cyclical payments to producers of certain covered commodities. He says - for all covered commodities and peanuts, market price projections exceed levels that would trigger these payments. The commodities include: wheat, corn, grain sorghum, barley, oats, upland cotton, long grain rice, medium grain rice, soybeans, sunflower seed, rapeseed, canola, safflower, flaxseed, mustard seed, crambe, sesame seed, dry peas, lentils, small chickpeas, large chickpeas, and peanuts.
Counter-cyclical payments are authorized by the 2008 Farm Bill to provide producers with a safety net during periods of low crop prices; but, Coppes says, - I know our farmers overwhelmingly prefer to receive compensation for their efforts from the marketplace. Also, USDA says it will not issue final 2009-crop counter-cyclical payments for long grain rice and medium grain (including short grain) rice because their average market prices exceeded levels that would trigger these payments.
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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 $10.45 per bushel, while the 2011 New Crop contracts for Canola are now available are $11.25 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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