From: Ron Hays <ron@oklahomafarmreport.ccsend.com> on behalf of Ron Hays <ronphays@cox.net>

Sent: Thursday, March 01, 2012 7:01 AM

To: ronphays@cox.net

Subject: Oklahoma's Farm News Update

 

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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! 

 

 

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:  

Current cash price for Canola is $11.78 per bushel-

2012 New Crop contracts for Canola are now available at $11.87 per bushel- delivered to local participating elevators that are working with PCOM.

 

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, March 1, 2012

 

 

Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 

Featured Story:

DennisTreacyDennis Treacy of Smithfield on Sustainability, Gestation Crates and More 

 

 

Can sustainability really be defined? Dennis Treacy of Smithfield Foods says maybe- maybe not. The Executive Vice President and Chief Sustainability Officer for Smithfield says he has forbidden his staff at Smithfield to try to define sustainability- and that while that sounds strange- he believes is a "confusing term" and that he and Smithfield have "decided to do something about it and basically for Smithfield, it's simply to do the right thing."


Treacy says that for Smithfield, doing something means working to improve worker safety, food safety, community involvement, environmental protection and animal care.


Treacy was one of two presenters on Wednesday morning at the Bayer Crop Science Ag Issues Forum in Nashville on the subject of sustainability.


One question that Dennis Treacy says you can ask about your practices in business is to look at how you do things and consider, "what would your pastor say?" or "what would your neighbor say?" about one practice or another.

You can read more or hear Ron Hays' full interview with Dennis Treacy by clicking here.

 

 

 

 

Sponsor Spotlight

 

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.  

 

Midwest Farm Shows is our longest running sponsor of the daily farm and ranch email- and they are busy getting ready for the Southern Plains Farm Show that comes up April 19-21, 2012.  For information on either an indoor booth or an outdoor space, contact the great folks at Midwest Farm Shows at (507)437-7969- or you can click here for the website for this show coming to Oklahoma City this spring.    

 

 

wheat

From Commodity Classic- We Talk Farm Bill Positioning with Dana Peterson of NAWG

 

 

With the 2012 Commodity Classic underway in Nashville this week, one of the big questions that is lurking in the hallways of Opryland is- can these four farm organizations find a common position on the Commodity Title as Congress ponders the 2012 Farm Bill?  The four organizations, National Corn Growers Association, the American Soybean Association, the National Sorghum Producers and the National Association of Wheat Growers all have a great deal of interest in what the Commodity Title looks like- but apparently have different priorities for a federal farm safety net that may come from the 2012 bill. 

 

Dana Peterson, CEO of the National Association of Wheat Growers, told us on Wednesday afternoon that the Domestic Policy Committee of the organization met again here in Nashville, following up on their sessions in Washington in January- and that some further direction was given to her staff and the National Officers in their negotiations with other farm groups when it comes to the Commodity Title of the 2012 farm bill.

 

While the President of the National Association of Corn Growers, Garry Niemeyer of Illinois, told us between meetings that they continue to champion a so called "shallow loss" program- Peterson said flatly the highest priority for the wheat producers is to protect and enhance crop insurance.  She pointed out that Crop Insurance is vital to help with the big losses, like we had in 2011.

 

Click here for our full story based on our conversation with Dana Peterson- and a chance to hear our full conversation with her late Wednesday afternoon in Opryland. 

 

 

 

 

CanEthanolCorn Prices Solidly on New Price Plateau- and the Problem with the RFS

 

Corn prices are solidly on a new higher price plateau- and they are not going back- so contends William Lapp, Grain Economist with Advanced Economic Solutions. Lapp says that the higher corn prices is broad based- and means that other grain and oilseed prices are at higher levels as well in the last couple of growing seasons. Lapp says that one fallout of the higher corn prices that are now in place- meat production in retreat. He says that this overall environment of strong grain prices has meant lots of competition for available crop acres.


One evidence of this is being seen in Canada, where Lapp says he has just returned from Canada, where a combination of factors is resulting in farmers in the western provinces choosing to plant more acres of canola then spring wheat. The factors include the demise of the Canadian Wheat Board, in concert with strong oilseed demand globally. Lapp says that the US is buying canola oil from Canada to help replace soybean oil produced in this country but beiong used in bio diesel rather than going for food uses.


We also talked with Lapp about biofuels- some fascinating insights there as he thinks Congress has a REALLY BIG PROBLEM with the current Renewable Fuel Standard-click here to jump to our story and read more- and to listen to our Q&A with William Lapp at the Bayer Crop Science Ag Issues Forum here in Nashville.


 

 

 

TestimonyBeginsTestimony Begins in Ag Committee on CFTC Agenda

 

Testimony got underway in a House committee dealing with the Commodity Futures Trading Commission agenda for the coming year. Two issues dominated the discussion the failure of MF Global and rules being made in support of the Frank-Dodd financial reform bill.

 

In his opening comments, House Agriculture Committee Chairman Frank Lucas said he believes the CFTC must tackle the MF Global debacle as a priority to restore confidence in commodities trading. He said thousands of customers have yet to receive nearly 30 percent of the funds that should have been held in segregated accounts. 

  

In regards to ongoing rulemaking regarding the Dodd-Frank legislation, Lucas expressed his misgivings that CFTC Chairman Gensler has not done enough to ensure the new regulations will not be applied to end-users which Congress never intended to be included within the swap dealer definition. 

 

Representative Lucas's opening statement is available by clicking here. 

 

In his prepared testimony, Gensler told lawmakers it was taking longer than expected to complete the rulemaking process. He said the commission had completed 28 of 48 rules. He sought to assure Lucas and his committee that the regulatory net will not be overly broad.

 

"We also are looking to soon finalize the end-user exception. Consistent with congressional intent, our proposal would ensure non-financial companies using swaps to hedge or mitigate commercial risk will not be required to bring swaps into central clearing."

 

You can read more about Commissioner Gensler's testimony and access a link to his full text by clicking here.

 

 

 

NCBAPresentsNCBA Presents Arguments in Suit Challenging EPA Green House Gas Regs

 

Oral arguments for the petition filed by the National Cattlemen's Beef Association (NCBA) and other members of the Coalition for Responsible Regulation were heard by the U.S. Court of Appeals for the District of Columbia Circuit Feb. 28 and Feb. 29. The litigation challenges the Environmental Protection Agency's (EPA) finding that greenhouse gases (GHG) endanger public health and welfare, its rule to limit GHG from passenger vehicles and its "timing" and "tailoring" rules that govern GHG permit applicability at stationary sources. NCBA President J.D. Alexander issued the following statement following the oral arguments.

"The fact EPA decided to impose a backdoor energy tax by regulating greenhouse gases under the Clean Air Act is unacceptable and scientifically unfounded. We are hopeful the U.S. Court of Appeals will put a stop to the aggressive agenda-driven regulations that never should have been promulgated in the first place.

"Congress debated and rejected a cap and trade program for greenhouse gases. EPA's regulations are an attempt to force greenhouse gas regulations down the throats of the American people without congressional approval. We challenged EPA in court to take power away from the agency's unelected bureaucrats and put it back into the hands of the American people."

 

Click here to read more of J.D. Alexander's comments on NCBA's action against the EPA. 

 

 

 

AFRYouthAFR Youth Ag Achievement Contest Scheduled for Oklahoma Youth Expo

 

The American Farmers & Ranchers (AFR) Youth Ag Achievement Contest is scheduled for March 14-19 at the 2012 Oklahoma Youth Expo. The contest recognizes Oklahoma youth who have an interest in livestock, excel in showmanship skills and have knowledge of the livestock industry to include production, management, processing and end product utilization.

The program's goal is to stimulate excellence and a quest for knowledge that will result in the development of leadership skills applicable to the livestock industry. Those eligible are 4-H and FFA members exhibiting breeding and/or market beef, sheep or swine at OYE and who are classified as high school juniors or seniors.

"The Oklahoma Youth Expo is the world's largest running livestock show in and we are proud to be a part of it," said AFR President Terry Detrick. "This contest allows us to showcase the best of the best and the brightest youth exhibitors from across the state. We award the top students in the contest with money and jackets with great satisfaction--after all they are the youth that will represent rural Oklahoma in the future."

For more on AFR's Ag Achievement Contest at the OYE, click here.

 

 

 

ExpressExpress Spring Bull Sale- National Pork Forum and a Little More Commodity Classic

 

 

We wanted to remind you that tomorrow- Friday, March 2, is the 2012 edition of the Express Ranches Spring Bull Sale- and the sale is shaping up to be a dandy. The sale begins at 10am, with 558 bulls to sale including: 510 Angus Bulls and 48 Limousin and Lim-Flex Bulls. Click here for the link to their spring sale on the Express website- they now have video of the bulls linked there for your final review.  For more information, you can also call 800-664-3977.

 

We talked for just a moment on Wednesday with Roy Lee Lindsey of the Oklahoma Pork Council- who was headed out shortly for the 2012 edition of the National Pork Forum- being held the next few days in Denver, Colorado.  National Pork Industry Forum is the annual meeting of the pork industry's two national organizations- the National Pork Board and the National Pork Producers Council. Click here for more details of Pork Board side of the meeting in the mile high city.  

 

We are expecting a busy day today in Nashville for the 2012 Commodity Classic- lots of issues to be dealt with- as well as lots of weather stories to be traded in the hallways and a monster trade show that opens midday today and runs through Saturday morning. We'll be spending a fair amount of time today with the Sorghum Producers- as well as checking out the trade show in the afternoon- here's the official website for the Commodity Classic- click here- and we remind you we will be tweeting from Nashville using the hashtag #classic12 if you want to follow our updates and hundreds of others who will be offering their view of the big event as well. 

 

Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, OERB, and KIS Futures 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

 

 


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