From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Tuesday, November 20, 2012 5:17 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! 

 

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 $10.14 per bushel- based on delivery to the Northern AG elevator in Yukon Friday. 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
   Tuesday, November 20, 2012
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:

wheatconditionWheat Condition Continues to Slide with Little Moisture

 

 

Almost no moisture fell across Oklahoma the past week, with no Mesonet station recording over a tenth of an inch of rain.  Moisture from the previous week's rain improved wheat in limited areas, but overall wheat conditions declined slightly.  The latest Oklahoma Crop Progress and Condition report show 43 percent of the wheat crop in fair condition, 34 percent in poor shape, 12 percent is listed in good condition.  Eighty-six percent of the state's wheat had emerged by week's end.  Click here for the full Oklahoma report.

 

It was a dry week in Kansas as well.  Ninety-five percent of the crop had emerged by week's end, identical to last year, but ahead of the 5-year average of 91 percent.  The condition of the crop was six percent very poor, 18 percent poor, 46 percent fair, 29 percent good, and one percent excellent.  The Kansas report is available by clicking here.

 

Dry weather negatively impacted most recently-emerged small grains, with some fields of wheat showing signs of drought stress while others showed moderate growth despite lack of moisture.  Forty-five percent of the wheat crop was in fair shape, 26 percent was listed as good, 20 percent was in poor condition, and five percent was listed as very poor.  Click here for the Texas Crop Progress and Condition report.

  

 

Sponsor Spotlight

 

 

   

Midwest Farm Shows is our longest running sponsor of the daily farm and ranch email- and they are gearing up for the 2012 Tulsa Farm Show- the dates for 2012 are December 6 through the 8th.  Click here for the Tulsa Farm Show website for more details about this tremendous all indoor farm show at Expo Square in Tulsa, which is expanding into the lower level of the Quik Trip Center for this year's event, which will mean even more exhibitors to visit with in 2012.  Admission and parking are free- and we look forward to seeing you at the 19th Annual Tulsa Farm Show!

 

       

We are proud to have P & K Equipment as one of our regular sponsors of our daily email update. P & K is Oklahoma's largest John Deere Dealer, with ten locations to serve you.  P&K is also proud to announce the addition of 6 locations in Iowa, allowing access to additional resources and inventory to better serve our customers. Click here for the P&K website- to learn about the location nearest you and the many products they offer the farm and ranch community.  

 

   

 
herdbuildingtakesHerd Rebuilding Takes Longer Than You Think; We Are 'Out of Cattle,' Peel Says 

 

Writing in the latest Cow-Calf Newsletter, Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist, updates an old prediction with stunning new numbers.

Exactly two years ago I wrote an article about the implications of declining cattle numbers ("At What Point Do We Run Out of Cattle", Cow Calf Corner, November 15, 2010) . In that article I suggested that after many years of herd liquidation, we had reached a point where it was not possible to maintain beef production without herd rebuilding. The article suggested that beef production would drop without herd rebuilding and that herd rebuilding would squeeze cattle supplies even more in the short run. The article further suggested that the only possible postponement to those consequences would be the temporary one if more herd liquidation occurred.   

Little did I know that November of 2010 was the beginning of the driest and warmest year in Oklahoma and the Southern Plains . The resulting cow liquidation and preempted herd rebuilding that occurred in 2011 and 2012 bring us to this point where the impacts I anticipated many months ago are now upon us. Feedlot placements have dropped sharply the last four months and feedlot inventories are declining and will continue to decline in the coming months.   In my mind the bigger question is not why we have such a dramatic decrease in feeder cattle supplies now but why it has taken so long for the situation to manifest itself. I believe there are several reasons. 

 

Click here to read more of Derrell Peel's analysis of the continuing decline of the U.S. cow herd.

 

 

cattlemensuebankCattlemen Sue Bank Connected with Eastern Livestock- Claiming It Hijacked Millions Of Dollars With Useless Checks

 

Twenty-two cattle producers, auction markets and cattle dealers in Kentucky and several other states are suing Fifth Third Bank of Cincinnati for what they call "a calculated scheme by a major national financial institution at modern-era cattle rustling," according to The Lane Report.

The lawsuit stems from the bank's relationship with New Albany, Ind.-based cattle broker Eastern Livestock, which filed for bankruptcy in December 2010. The plaintiffs claim Fifth Third, in an effort to enhance its own position, "literally hijacked millions of dollars from the national livestock industry" that was owed to them and others who sold cattle to Eastern Livestock.

Several Eastern Livestock principals accepted a plea deal to indictments brought in 2010 by Kentucky Attorney General Jack Conway. The defendants admitted to engaging in organized crime and criminal collaboration to commit ongoing theft.

The lawsuit claims that Fifth Third's actions-"the interruption and seizure of cattle payments without rendering payment for the cattle to hundreds of unwitting, unpaid sellers"-was "carefully timed and expressly engineered by Fifth Third to conceal its long-running willful misfeasance and malfeasance in connection with a failed $32.5 million structured financing of Eastern, now a debtor in bankruptcy."

 

To continue reading, click here.

  

earlyeffectivecattleEarly, Effective Treatment Necessary for BRD in Drought-Stressed Cattle

 

The drought in Oklahoma is continuing to take its toll, and Dr. Marc Campbell, a veterinarian with Merial, Ltd., from Pawnee, Okla., says the dry weather and poor forage conditions are really socking it to calves. In the latest Beef Buzz, says the incidence of Bovine Respiratory Disease is up for a number of reasons.

"This year and last year we're having to wean these calves earlier with maybe they haven't had the vaccinations they usually get on their mother because of the drought situation. Then they're drought-stressed because they haven't received, maybe, the nutrients they needed throughout the weaning period or even when they're on their mother.   So, we have seen more BRD or pneumonia this year and last year than we see in a normal year."

Campbell says his company's product, Zachtran, is very effective in treating BRD and is easy to administer.

"It's got a convenient dose: 2 cc per 110 pounds of body weight and the good thing is it's quick-acting and long-lasting. Within 30 minutes of subcutaneous dose, it's in the lungs working. Then it lasts for up to 10 days. It's exactly the right treatment for cattle."

 

Click here to read more or listen to the latest Beef Buzz with Marc Campbell. 

afrspeechcontest2012 AFR Fall District Speech Contest Winners Announced

 

American Farmers & Ranchers  wrapped up the 68th annual AFR Fall Speech Contest series and released a complete list of the winners.  (Click here for the full list.)

The fall contest series gives more than 500 Oklahoma youth from across the state an opportunity to display their public speaking and leadership skills. The fall speech contest is divided into five AFR district contests, giving youth in every part of the state an opportunity to participate. Each speech must include a tie to AFR and to a yearly theme. Competitors in this year's contest wrote speeches based on the theme "I Believe in Oklahoma Agriculture."

At each contest, students grades 4-12 compete in five categories-American Farmers & Ranchers, Natural Resources, Student Organizations, Agribusiness and Agriscience. First and second place winners in each category advance to the state speech contest, resulting in more than 150 finalists advancing. The state contest will be held Dec. 1 at Oklahoma State University in Stillwater.

"The AFR speech contests are an excellent opportunity for students to showcase their talents and their hard work," said AFR Youth and Education Coordinator Lin Farris. "The fall contests give participants another chance to hone their skills in addition to the traditional spring speech season."
 

 

choiceboxedbeefChoice Boxed Beef Up, Finished Cattle Steady to Higher Last Week- Plus a Reminder of our Daily Oklahoma Farm Bureau Insurance Market Links

 

In this week's beef report with Ed Czerwien of the USDA Market News Office in Amarillo, Texas, the choice cut market ended the week of November 17 at $193.00 cwt which was about $1.10 higher than the previous week and traded in a narrow range all week long.  The daily spot volume was 1,000 loads. The total volume of all cuts, trims and grinds last week was 7,479 loads.

The general trend in the finished cattle trade was mostly steady a dollar higher with live deals at $125 to $126 cwt. Dressed prices were $1 to $2 higher at $196 to $197 cwt.

The average live weight from the cattle harvested in the Texas Panhandle was 1,279 pounds which was nine pounds lower than the previous week.

 

You can listen to Ed Czerwein's full report by clicking here.  

 

AND- we remind you that we have market links on the left hand column of our daily email to help you stay on top of the twists and turns our agricultural markets are taking from day to day- those market links are a service of Oklahoma Farm Bureau Insurance- with offices in all 77 counties- an Oklahoma company- and always nearby. Click here for their website to learn about the comprehensive lineup of policies that they can offer. 
 

CMEHoliday Week Schedule for Ag Futures and More

 

 

The CME Group now is the dominant player for both livestock and grain futures- and here is their plans for Wednesday through Friday of this week for agricultural futures trading:

 

   

CME Group Trading Floors  

- Closed Thursday, November 22. In addition, Dairy trading floors are closed on Friday, November 23. All

CME Group Commodities trading floors will close at 12:00. p.m. on

Friday, November 24.

 

CBOT, KCBT and MGEX Grain and Agricultural Products on CME Globex

Normal close for each product on Wednesday, November 21

 

Closed on Thursday, November 22

 

 

 

Grains open at 9:30 a.m. CT on Friday, November 23 with CBOT and KCBT products closing at 12:00 noon CT and MGEX products

 

 

Other CME Group Products, including livestock, on CME Globex:

Normal close for each product on Wednesday, November 21

 

Livestock contracts will re-open at 5:00 p.m. CT on Thursday November 22.

 

Dairy products will not re-open until their regularly-scheduled opening on Sunday, November 25.

  

Early CME Globex close for livestock futures and options, 12:15 p.m. CT on Friday, November 23.

 

Meanwhile- we will be taking a break in writing this daily email at the end of this week- we will have an email as normal on Wednesday morning- November 21st- then will take Thursday and Friday off and return Monday November 26.  We'll reflect on Thanksgiving in tomorrow's email- as we enter into the holiday season that traditionally kicks off this week and really does not end until New Year's.

 

 

 

 

 

 

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