From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Wednesday, April 04, 2012 6:32 AM
To: Hays, Ron
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 $12.60 per bushel-

2012 New Crop contracts for Canola are now available at $12.76 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
   Wednesday, April 4, 2012
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
ethanolindustryEthanol Industry Applauds EPA Approvals Paving the Way For E15 Fuel 

 

For the first time, the U.S. Environmental Protection Agency has approved E15 (gasoline with 15 percent ethanol) as a registered fuel. This is one step closer to seeing low-cost, renewable E15 sold into the American fuels marketplace.

This is the most significant development in a three-year effort to approve sale of the mid-level ethanol blend, and it follows EPA's approval of health effects testing of the fuel in February.

"Our nation needs E15 to reduce our dependence on foreign oil - it will keep gas prices down at the pump and help to end the extreme fluctuations in gas prices caused by our reliance on fuel from unstable parts of the world," said Tom Buis, CEO of Growth Energy. "Today's announcement from EPA finally puts that goal within reach."

"This announcement strengthens the ethanol industry's efforts to innovate and continue to deliver domestically-produced and affordable alternatives to foreign oil," said Buis. "With ethanol selling an average of a dollar a gallon cheaper than gasoline and $4 a gallon gasoline on the horizon, we'd encourage all Americans to ask their local filling station how soon they will see more-affordable E15."

"American consumers may soon have some much deserved relief at the pump. Today's EPA decision clears yet another major hurdle in bringing E15 to the marketplace. States in the Midwest have begun to address their regulatory requirements and perhaps as early as summer we could see E15 at fuels stations in the Heartland of America. The future for consumers, ethanol producers and this country has just gotten a little brighter, a little stronger," said Bob Dinneen, President and CEO of the Renewable Fuels Association.  

Sponsor Spotlight

 

When you come to Oklahoma City for business or pleasure- we invite you to check out the Hyatt Place- OKC Airport, located at 1818 S. Meridian.  It's a great location, with spacious guestrooms, free wifi, complimentary hot breakfast AND a special rate for Ron Hays Email readers. Click here for the RON rate at the Hyatt Place OKC airport.  If you have trouble with this link for any reason- click on the graphic for the Hyatt Place on the left hand side of this email- that takes you to their main page- when you check rates, put in the Corporate ID Box the number 11272- it's nice discount off their best available rates- whether it's the upcoming Southern Plains Farm Show, State FFA Convention or any other event- give the Hyatt Place folks a try- you will be happy you did.    

 

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. 

 

 

canolatvCanolaTV- 2012 Winter Canola Field Tours Kick Off April 9th 

 

A series of educational field tours for canola growers and prospective canola growers all across the state kicks off April 9th and runs through April 12th. Educators, agronomists and marketing specialists will give presentations and discuss the ins and outs of successful canola production at each tour location.

OSU Extension Canola Specialist Josh Bushong says anyone is welcome to attend. He said the program is intended to help established canola growers fine tune their management practices and to encourage potential growers with the knowledge necessary to understand if canola might be a good addition to their operations. 

The tour will make 13 stops in four days. 

 

Click here for a list of locations, times and presentation topics. 

 

 

goodproducingGood Producing Cows Could Become Harder to Find, Higher Priced

 

Rebuilding cattle herds thinned out by last year's devastating drought is on the top of a lot of producers' minds. Steve Swigert, an agriculture consultant with the Samuel Roberts Noble Foundation, says the costs of rebuilding a herd can be quite high--and the costs are headed higher. He recently took a look at the economics of herd rebuilding and offered his findings in the the foundation's latest newsletter:

With the challenges of the 2011 drought, the beef cow inventory declined 3.1 percent for an annual inventory of 2011 and prospects for further decline are evident unless changes occur in cow slaughter and heifer retention. With this decline, the 2012 U.S. calf crop stands at 35 million head, the lowest in 60 years.

With low cow numbers, historical high prices for weaned calves and the cost of cows at all-time highs for the foreseeable future, what does this mean for the cow/calf producer wanting to rebuild the herd? It means good producing cows are going to be hard to find and will be higher priced than in previous years - possibly exceeding $2,000 per cow. In addition, it will be more critical to cull unproductive cows because input costs are increasing as well.

You can learn more about the factors to consider for maximum profits when purchasing cows to rebuild herds by clicking here. 

 

osuspecialistsOSU Specialists Produce Fact Sheets and Videos to Help Growers Fight Foliar Diseases in Wheat

 

While the warm, wet conditions all across the state may be conducive to vigorous growth of the wheat crop, the conditions are also favorable for foliar diseases. If not treated in time, these diseases can result in significantly lower yields.

OSU Extension Wheat Pathologist Dr. Bob Hunger and OSU Extension Wheat Specialist Dr. Jeff Edwards have published a fact sheet about the most common--and most destructive--foliar diseases common to Oklahoma. They have also produced a series of videos to help growers identify and combat these diseases.

Click here for the fact sheet.

Dr. Hunger says time is of the essence in properly treating these diseases and having the proper information at hand will help growers make cost-effective decisions. The three short videos linked below provide an overview on the proper identification of the major fungal diseases as well as best management practices.

Click here for the videos. 

 

LFTBOklahoma Beef Council Reaches Out to Decision Makers and Influencers on LFTB

 

 

We have had several stories on the fallout that the beef industry has faced because of Lean Fine Textured Beef- or as some in the general media like to call it- Pink Slime.  As we reported on Monday, a lot of folks in the beef industry are really struggling with how to address this attack on both the image of beef as a highly desirable food- as well as its safety.  Click here for our Monday Beef Buzz with Bill Rupp of JBS if you want to review his concerns about how the industry needs to respond to this combination assault by ABC News and social media.  

 

One way to push back is to allow a cattle producer and daddy of school aged kids to offer an up front explanation of what LFTB is- and what it is not- and then invite dialogue.  That's the approach that the Oklahoma Beef Council is taking as they have had Clay Burtrum, Secretary-Treasurer of the OBC, to author a letter that has gone out to several key groups discussing LFTB.  Click here to read Clay's letter, which explains "Though some media outlets are reporting this product is a filler, that's not true. It's beef plain and simple."

 

The letter/email/memo has been sent to all School Nutrition Directors in Oklahoma as well as Oklahoma school administrators and members of the Oklahoma Restaurant Association and the Oklahoma Grocers Association.   

 

Will this save this long established process of extracting the last bit of lean pure beef from the carcass- to mix with 50% beef trimmings for a lean ground beef product?  It's too early to say- but  it appears to be one of the immediate strategies being used by the beef industry to push back on those that want to do harm.   

studyfindsmarketStudy Finds Market-Driven Inventory Would Preserve Farm Income, Lower Taxpayer Costs

 

The National Farmers Union (NFU) has released the final report from a study by the University of Tennessee Agricultural Policy Analysis Center on the effects that a Market-Driven Inventory System (MDIS) would have on U.S. agriculture. Phase I of the study, released in September 2011, examines the effects MDIS would have had on extreme crop price volatility and government payments from 1998 to 2010, while Phase II reviews the effects of MDIS from 2012 to 2021.

"The study results very clearly indicate that MDIS would preserve net farm income at current levels while significantly decreasing the cost to taxpayers," said NFU President Roger Johnson. "From 1998 to 2010, the farm programs that were in place cost $152 billion, while MDIS policies would have cost $56 billion over that same period. From 2012-2021, current farm programs are projected to cost $65 billion while MDIS is projected to cost $26 billion, a savings of $39 billion."

From 1998 to 2010, the value of U.S. exports would have increased by $20 billion under MDIS policies. Also, corn prices would have been 26 cents per bushel higher, wheat prices would have been 48 cents per bushel more, and soybean prices would have increased by $1.09. MDIS combines a system of farmer-owned commodity inventories, set-asides, and loan rates to help decrease the volatility in the market.

Read more about this study and find a link to the full study by clicking here. 

 

ThisNThatThis N That- More Rainfall Arrives- and So Does Ag Day at the State Capitol

 

 

We have a snapshot of the rainfall that has fallen the first half of this week- and while the larger amounts of the liquid stuff fell in south central counties- it was a nice surprise to see decent totals in places like Kenton and Hooker out in the Panhandle.  Click here for our graphic from the Oklahoma Mesonet.

 

 

Tomorrow is Ag Day at the State Capitol in Oklahoma City.  Several events are planned during the day- including:

 

10:00 a.m. - Ag in the Classroom State Contest Award Winners and Ag in the Classroom State Teacher of the Year will be honored in the Supreme Court Hallway (2nd Floor)

 

10:00 a.m. to 2:00 p.m. - Made in Oklahoma Program companies and Agricultural Organizations will be participating in a Mini-Fair on the 4th Floor Rotunda

 

1:00 p.m. - Agriculture Hall of Fame Induction Ceremony - Blue Room (2nd Floor)

 

Hope to see you around the Capitol on Thursday! 


 

 

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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