From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Friday, November 16, 2012 4:14 AM
To: ronphays@cox.net; ronhays@gmail.com; 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! 

 

Our Market Links are a service of Oklahoma Farm Bureau Insurance

 

 Ok Farm Bureau Insurance

 

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:  

Cash price for canola was $9.84 per bushel- based on delivery to the Northern AG elevator in Yukon yesterday. The full listing of cash canola bids at country points in Oklahoma can now be found in the daily Oklahoma Cash Grain report- linked above.

 

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
   Friday, November 16, 2012
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
droughtreducedincomesDrought-Reduced Incomes Boost Farm Lending, Ag Credit Survey Says 

 

Drought cut Tenth District farm incomes in the third quarter, especially for livestock producers, boosting demand for farm operating loans, according to the Federal Reserve Bank of Kansas City's quarterly Survey of Agricultural Credit Conditions. The drought had little impact, however, on District farmland markets.

Farm incomes fell sharply during the quarter as escalating feed and fuel prices pushed production costs higher. Shrinking incomes spurred demand for farm operating loans as corn and soybean farmers and cow/calf operators searched for funds to pay for rising input costs.

Livestock enterprises faced the biggest shifts in income and financing needs. As drought conditions intensified during the summer, pastures dried up, feed costs soared with grain prices and income at livestock operations slumped. Bankers surveyed expected high crop prices and crop insurance payments to support crop incomes; still, they reported that corn and soybean incomes fell below last year's highs due to elevated fuel costs and reduced yields.

Click here to read more and to find a link to the full KC Fed Quarterly Survey.  

 

 

Sponsor Spotlight

 

  

We are delighted to have the Oklahoma Cattlemen's Association as a part of our great lineup of email sponsors.  They do a tremendous job of representing cattle producers at the state capitol as well as in our nation's capitol.  They seek to educate OCA members on the latest production techniques for maximum profitabilty and to communicate with the public on issues of importance to the beef industry.  Click here for their website to learn more about the OCA.

 

 

 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.    

 

   

droughtlikelytoDrought Likely to Continue Through Winter, Climatologist Says 

 

Associate State Climatologist Gary McManus looks at the latest Mesonet numbers and says all indications are the drought will continue across the state throughout the winter.

Drought advanced in parts of the state and retreated in others, but all in all, the drought in Oklahoma is just about the same this week as last week. This week's U.S. Drought Monitor map for the state tells the story of the changes in impacts following the rain over last weekend.

Severe drought (D2) extend farther to the southwest into Grady County and also up through Tulsa County in the northeast. There is still a very small area of moderate (D1) drought up in the far northeastern corner of the state as well. We also saw that exceptional (D4) drought expand in the Panhandle to cover all of Beaver County now. So the percentage of remained virtually unchanged at 32%, while the D3 dropped by about 4%. The area of the state covered by severe-exceptional (D2-D4) remained just a tad under 100%.

If things don't change in a hurry, November is on its way to a dismal finish. Through the 15th, the state has had an average of 0.54 inches of rain, nearly an inch below normal. It's normally one of our drier months anyway, regardless of deficits.

 

You can check out the latest drought maps and read more of Gary's analysis by clicking here.

 

volatilityVolatility, Economic Uncertainty, Sideways Pattern Still Dominate Wheat Market

 

In a preview to these Saturday's SUNUP program, OSU Grain Marketing Specialist Kim Anderson says that though we may be stuck in a sideways pattern in the wheat market, it's important to remember that there's a 92-cent spread in that pattern.   "That shows the volatility and uncertainty of our market today."

"As you look back over, say, the last five years going back to June 1 of '07 you can look at February 27 of 2008, the Oklahoma cash prices were $12.58 a bushel. You get up to June 9, 2010, less than two years later, we're down to $3.08. That's a $9.50 range in a two-year period. Right now we've got prices up. We've been talking about this sideways pattern running from $8 to around $8.60."

He says there is economic uncertainty centered on the European Union and the "fiscal cliff" that could be facing the U.S. after the first of the year. The farm bill is still languishing in the House of Representatives and that results in "uncertainty relative to ethanol and relative to the fuels and the corn and how that's going to spin off on the wheat."

You can hear more of Kim Anderson's analysis as well as see the lineup for this week's SUNUP by clicking here.

 

 

pioneeroptimumPioneer Optimum AQUAMax Hybrids Perform Well Under Actual Drought Conditions

 

The drought which stretched throughout much of the Midwest this past year allowed researchers at DuPont Pioneer to observe firsthand how well their new Optimum AQUAMax corn hybrids would fare in real world conditions.

Pioneer Hi-Bred International Marketing Communications Manager Janelle Buxton visited with me earlier this month at our annual National Farm Broadcasters Convention and said their drought-resistant hybrids are brand new to the marketplace and the company has high hopes for their performance.

"Optimum AQUAMax hybrids are Pioneer's Elite class of drought-tolerant corn hybrids. They're developed to help deliver yield advantage in water-limited environments, much like what we saw this year. And to deliver top-end yield potential in more normal, favorable growing conditions."

She said Optimum AQUAMax hybrids were launched in January of 2011. They were grown on about two million acres this year and they did very well.

"In over 11,200 on-farm competitive comparison trials, we saw Optimum AQUAMax hybrids perform about 8.9 percent bushel yield advantage in those top water-limited environments and then a 1.9 percent yield advantage in those more favorable growing conditions."

Click here to read more and listen to my conversation with Janelle Buxton.

 

 

nationalporkboardNational Pork Board Approves Additional Funding for Promotional Efforts

 

As pork producers struggle with record-high feed prices caused by the worst U.S. drought since the 1950s, the National Pork Board has approved domestic and international marketing budgets that will help drive pork demand at a critical time.

The Board is committing $27,735,000 in FY2013 for domestic marketing efforts and $7,102,000 for international marketing efforts that will help stem producer losses that are forecast for this next year. The Board added almost $2 million in additional dollars to the marketing effort from its September preliminary budget.

The action came as the board approved a 2013 program budget of $69.8 million, slightly higher than the 2012 budget of $69.3 million. The budget now goes to the U.S. Department of Agriculture (USDA) for final approval. USDA oversees the National Pork Board's spending of the Pork Checkoff. 

 

You can read more by clicking here.

 

usfraannouncesUSFRA Announces Nine Finalists in 'Faces of Farming and Ranching' Program

 

The U.S. Farmers & Ranchers Alliance (USFRA) announced the finalists of its Faces of Farming and Ranching program, a nationwide search launched earlier this summer to help put real faces on agriculture. Chris Chinn (Missouri), Will Gilmer (Ala.), Daphne Holterman (Wis.), Brenda Kirsch (Ore.), Tim Nilsen (Calif.), Eric McClam (S.C.), Katie Pratt (Ill.), Bo Stone (N.C.), Janice Wolfinger (Ohio) were all named program finalists.

More than 100 applications were received from passionate, dedicated farmers and ranchers from across the nation, nine of whom were selected as finalists. The winners will become the face of agriculture, and will be tapped to share stories and experiences on a national stage to help shift conversations about food production and set the record straight about the way we feed our nation.

"The nine candidates selected reflect the extent of diversity in agriculture across the nation," says Bob Stallman, chairman of USFRA and president of the American Farm Bureau Federation. "These exceptional farmers and ranchers can bring the reality of farming and ranching to the forefront for consumers, mainstream media and influences to develop a relationship and learn more about how food gets from the farm or ranch to their plates." 

 

You can read more of this story on our web page by clicking here.

 

CorzineHouse Republicans Place the Blame for the MF Global Debacle Squarely on the Shoulders of Jon Corzine

 

 

According to a congressional report - Jon Corzine is to blame for the collapse of MF Global. The report details the findings of a year-long investigation by Republican staffers on the House Financial Services Oversight Subcommittee. While there is no mention of criminal wrongdoing in the report - Texas Representative Randy Neugebauer - Chairman of the House panel - says farmers, ranchers and other customers may never get back over a billion dollars of their money as a result of Corzine's decisions. Corzine's spokesman says 80-percent of that money has been returned. Corzine's team also denies nearly every claim made by the subcommittee. The leading Democrat on the subcommittee - Michael Capuano of Massachusetts - agrees with some of the report's observations. He says others need more commentary - which is why he and other Democrats will provide an addendum to the report.

  

Specifically when it comes to Corzine, the report concludes that Corzine attempted to remake the company into a global investment bank- and destroyed it in the process- saying "The responsibility for failing to maintain the systems and controls necessary to protect customer funds rested with Corzine"

 

Click here to read more about the study released on Thursday and a link on over to the full report.

 



 

Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, CROPLAN by Winfield,  KIS Futures and the Oklahoma Cattlemen's Association 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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