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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
on RON Markets as heard on K101
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
have a new market feature on a daily basis-
each afternoon we are posting a recap of that day's
markets as analyzed by Justin Lewis of KIS
futures- and Jim Apel reports
on the next day's opening electronic futures trade- click
here for the report posted yesterday afternoon
around 5:30 PM.
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
price for canola was $11.38 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.
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
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
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
Latest Farm and Ranch News
Update from Ron Hays of RON
Wheat Trade Heads to
those of us (and there are a lot of "us" living
here in the southern great plains) that have made
the trip to Kansas City at some point and gone to
the Board of Trade- and watched hard red winter
wheat futures traded on the trading floor there-
it's hard to imagine that the end of an
era is now upon us. BUT- I guess it is.
The CME Group announced it will transition open
outcry trading of Kansas City Board of Trade
(KCBT) hard red winter (HRW) wheat futures and
options to its Chicago trading floor beginning
Monday, July 1, 2013, pending CFTC review. This
transition will accelerate efficiencies and
trading opportunities for customers trading both
the HRW wheat and CBOT Soft Red Winter (SRW) wheat
varieties. KCBT wheat futures and options will
continue to trade on CME Globex and be listed by
and subject to the rules of KCBT.
day of open outcry trading on the KCBT floor will
be June 28. CME Group will operate an electronic
trading center in the former KCBT floor space
until the end of September, providing a place for
Kansas City-based traders to execute trades on CME
"Throughout the integration
process, we've remained focused on our customers
who manage global price risk associated with these
two classes of wheat," said CME Group COO
Bryan Durkin. "By moving Kansas
City wheat to the Chicago floor later this year,
we will make it as efficient as possible for our
customers to trade both products and the spread
between the two."
In addition, beginning
April 15, subject to CFTC approval, customers will
benefit from the integration of KCBT clearing
services into CME Clearing, which will provide
cross-margining and other capital efficiencies for
We are pleased to
have American Farmers & Ranchers
Mutual Insurance Company as a
regular sponsor of our daily update. On both
the state and national levels, full-time staff
members serve as a "watchdog" for family
agriculture producers, mutual insurance company
members and life company members. Click here to go to their AFR
website to learn more about
their efforts to serve rural
America! We remind you
that the 2013 annual convention and trade show for
AFR is just around the corner- set for
February 22-23, at the Embassy Suites Hotel
& Conference Center, Norman,
welcome Winfield Solutions and
CROPLAN by Winfield as a sponsor
of the daily email- and we are very excited to
have them join us in getting information out to
wheat producers and other key players in the
southern plains wheat belt more information about
the rapidly expanding winter canola
production opportunities in Oklahoma.
Winfield has two "Answer Plots" that
they have planted at two locations in Oklahoma
featuring both wheat and canola- one in Apache and
the other in Kingfisher. Click here for more information on
the CROPLAN Genetics lineup for winter
Economist Blasts Renewable Fuels Standard, Urges
Renewable Fuel Standard (RFS) is broken, but
Congress can fix the rule by acting now and
opening an inclusive, robust debate that leads to
extensive reform," said Dr. Thomas
Elam, president of FarmEcon, LLC, today
at a media briefing with approximately 50
reporters in Washington,
D.C. Elam presented his remarks
on behalf of the National Chicken Council and
National Turkey Federation.
2005 enacted the first RFS which mandated levels
of ethanol to be blended with gasoline. In 2007
that ethanol mandate was expanded, and biodiesel
"We did not then, and
still do not today, have the volume of
agricultural raw materials, or the required
cellulosic ethanol technology, to meet the 2007
RFS goals," he said. "Nearly six years later, it's
still not a commercial reality. The courts just a
few weeks ago ruled this to be the case, as
Corn production has declined
while RFS mandates have increased, Elam said while
discussing the past three
years. Smaller supplies have
resulted in more than doubling of the most
important input cost to poultry
You can read more from Dr. Elam by
Announce Beef Cook-Off
Oklahoma CattleWomen, Inc., recognized
Debra Clifton, of Minco, as the
grand prize winner of the 2013 Oklahoma Beef
Cook-off/Recipe Contest for her dish Papa's
Lasagna. Clifton received $2,000 cash and all
finalists received Beef Gift Certificates.
The runner up in the Budget Busting Meals
entrée category was Aunt Ruby's Rave Review
Meatloaf by Lady Branham, of
Norman. Second runner up was another recipe by
Clifton called Spicy Drip Beef.
of the Beefed Up Beginnings appetizer category was
Michelle Mitchell Robertson from
The Oklahoma Beef Cook-off is a
production of the Oklahoma CattleWomen, Inc. and
is supported by the Oklahoma Beef Check-off and
the Oklahoma Beef Council. Winners of this year's
contest were announced at the Oklahoma City Home
and Garden Show.
You'll find a link to all the winning
recipes on our web page by clicking here.
the U.S. Cow Herd Won't Be Easy, Derrell Peel
numbers are now in and they show a continued
decline in the number of cattle in the U.S. The
USDA's Cattle Inventory Report counted 89.3
million head of cattle in the U.S. That's down two
percent from one year ago. Beef cow numbers are
off three percent from last year, down to 29.2
Oklahoma State University
Extension Livestock Market Economist Dr.
Derrell Peel, says with those kind of
numbers and with drought looming for another year,
rebuilding the cow herd is not going to be
"It's increasingly difficult because
of the hole that we're in. And that is the
predicament. If it starts to rain and we start
trying to do that process in 2013, or if we don't,
or whenever we do it, it's increasingly difficult.
We're going to have to have an even more
pronounced trade-off in the short run between
trying to maintain total beef production in an era
where we don't have enough cattle to do that and
still hold back enough heifers. It suggests that
if we don't rebuild, beef production's going to
Of course, tighter supplies means
higher prices for consumers and, at some point,
consumers will push back. Peel says we may already
be at that point.
"I think there's already
some push back. We've seen a bit of a ceiling in
terms of boxed beef prices. All through 2012,
repeatedly during that year, when we saw choice
boxed beef push up against that $2 a pound mark it
was not able to break through that."
has a lot more to say in our current Beef Buzz.
Click here to listen to our
conversation. A more detailed analysis
of the Cattle Inventory Report was also the topic
of Derrell's weekly column in the Cow-Calf
Newsletter. Click here to go
Groups Unite to Relaunch Farm Policy Facts
diverse coalition of agricultural organizations
that came together during the 2008 Farm Bill
debate under the name Farm Policy Facts announced
that they are stepping up education activities
during the 113th Congress.
which include the American Sugar Alliance,
Minnesota Corn Growers Association, National
Association of Wheat Growers, National Cotton
Council, and USA Rice Federation, also announced
two new members of the coalition: National Crop
Insurance Services and Southwest Council of
"The unifying messages we
will rally behind, regardless of Farm Bill
politics, is the positive role that agriculture
has and will continue to play in the economic
recovery, the huge return on investment taxpayers
see from farm policy and the disproportionate
funding cuts that agriculture has already
shouldered," said former House Agriculture
Committee Chairman Larry Combest,
who works with the coalition.
Click here to read
Beef Volume Continues Downward Spiral, Ed
boxed beef trade continues to slide, according to
Ed Czerwien of the USDA Market News Office in
Amarillo, Texas. In the most recent ten-week
rolling average, boxed beef sales averaged 6,639
loads per week compared to 7,321 loads per week in
the same period last year.
sold 22,000 fewer loads in 2012 than they sold in
2011. That was 34,000 fewer loads than were sold
in 2010. Czerwien said that was also 12,000 loads
less than the same period in 2008, another tough
year for the industry.
choice cut market ended the week of February 2nd
at $182.56 cwt which was $4.88 lower than the
The general trend in the
finished cattle trade was $1.00 to $3.00 higher
with live sales mostly at $125 cwt. Dressed sales
were $200 to $202.00 cwt.
The average live
weight from the cattle harvested in the Texas
Panhandle was 1,270 pounds, dropping one pound
from the previous week.
You can listen to Ed
Czerwien's latest weekly analysis by clicking
Apps Have Arrived!
feels like I have been working on getting our apps
up and running forever- but finally we got the
emaila couple of days ago that we were
waiting for from our developer- Loud Out- our
Iphone App is now available in the Itunes
Store! We will be telling you more in the
days ahead- and we will be fine tuning the content
that goes on the App on a daily basis- but we
finally have the App here and we have the links
for both the Apple version and the Android version
of your smartphones.
If you have an Apple
Iphone or Ipad- click here to go and download our
If you have an Android device-
click here for the download.
you have downloaded either App- let us know what
you think- and how we might tweak things to make
it more useful to you.
We have talked to a
few folks about sponsorship- but if you are
interested in getting in on the ground floor of
sponsoring this newest way that RON will be
getting information out to farmers, ranchers and
anyone interested in the business of agriculture
in our great state- drop me an email- we'll be
glad to share more details of how you can get
You can reach us at the following: