Support Our Sponsors!
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
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
price for canola was $10.20 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
Friday, January 4,
the Fiscal Cliff: How the Farm Bill Extension
article from the OSU Agricultural Policy News was
written by Jody Campiche,
Assistant Professor and Extension
In an effort to avoid the
'fiscal cliff', a deal was reached on a tax
package that includes a nine-month extension of
the 2008 farm bill through the end of September.
While many are upset by the partial extension, the
farm safety net has been extended to another crop
year and permanent farm law will not go into
effect. Producers will continue to be eligible for
direct payments, counter-cyclical payments, ACRE
payments, and marketing loans for the 2013 crop
year. Without this extension, these programs would
not be in place for the 2013 crop year and
producers would have much less certainty about the
status of the farm safety net. The milk provisions
in the 2008 farm bill were also continued and the
extension preserves baseline funding. In an interview with Ron Hays (Radio
Oklahoma Network), Frank Lucas, Chairman of the
House Ag Committee, said that the extension was
'the best possible scenario in a terrible
situation." A 5-year farm bill was the preferred
option, but Lucas said that 'in the environment we
are working in, it is absolutely a miracle that we
got it done."
The House and Senate
Agriculture committees agreed to a one-year
extension of the farm bill that included
additional dairy provisions and mandatory funding
for Supplemental Agricultural Disaster Assistance,
which includes the Livestock Forage program,
Livestock Indemnity Program, Tree Assistance
Program, and the Emergency Livestock Assistance
Program. However, the extension was modified by
the Senate resulting in the removal of mandatory
funding for these disaster programs. Instead, the
extension includes an authorization of
appropriations for the disaster programs which
means that the funding could be discussed in the
appropriations cycle. Funding for the disaster
programs could also be included as part of other
disaster discussions (such as the Hurricane Sandy
Relief Bill) or could be part of the five-year
You can read the full story and find
a link to our interview with Frank Lucas by
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
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
and Dairy Group Disappointed with 'Fiscal Cliff'
address the so-called "fiscal cliff," Congress
passed the American Taxpayer Relief Act January 1,
2013. Included in the package was a short-term
extension of most programs in the recently-expired
2008 Farm Bill.
Farmers and Ranchers President Terry
Detrick said, "There is a lot lacking in
the last-minute legislation, but some good did
come from it. The one-year extension of the 2008
Farm Bill (which should really be called the
National Food Security Bill) at least preserves
the budget base line, which will serve as a base
as we begin work on a full five-year bill."
said one of the bill's major flaws is that it
authorized most of the 37 programs that expired
Sept. 30, including the livestock drought disaster
provision, but it provided no funding for them.
You can read more of Detrick's
comments by clicking here.
legislation was also a major disappointment to
dairy farmers. A news release from the Dairy
Famers of America stated:
years of work to bring dairy policy reform to
fruition, we are extremely disappointed that
Congress has turned its back on dairy farmers.
Although passing the American Tax Relief Act of
2012 averted a 'dairy cliff' that would have
devastated the industry, we are increasingly
frustrated that legislators have again stalled the
Dairy Security Act. Click here for more reaction from the
Management Can Reduce Pasture and Range Drought
in the January issue of Samuel Noble Roberts
Foundation Ag News and Views newsletter,
James Rogers finds some reasons
for optimism despite the continuing drought across
The U.S. Drought Monitor
released on Nov. 20, 2012, shows the majority of
Oklahoma and Texas in severe to extreme drought
with northern Oklahoma and the Panhandle in
exceptional drought. The drought impact type in
these regions ranges from short- (less than six
months) to long-term (greater than six months).
Areas currently in short-term impact are feeling
the effects on seasonal agricultural production.
For example, most of the wheat crop is being hurt
and grassland production has suffered. Areas in
long-term drought are facing severe impacts on
grasslands, and surface and subsurface water
supplies. To add to this, National Oceanic and
Atmospheric Administration (NOAA) models indicate
that 9 to 15 inches of precipitation are required
to end current drought conditions by the end of
February 2013. However, the seasonal drought
outlook is calling for drought persistence through
February, and, from February through June, the
forecast models are giving equal chances for
above, below or normal precipitation.
hard to find encouragement when facing current
conditions and the outlook. However, there are
reasons for optimism. Among them
aware of current conditions, accepting them and
looking at the forecast predictions gives you
better opportunities for long-range forage
annual grass production was excellent in spring
2012. These grasses are again present and with
above normal temperatures expected, only need
timely rainfall for spring 2013
insect damage in fall 2012 means greater
opportunity to grow more forage with less cost.
Expectations for fall armyworm damage were high,
but never occurred. Remain on the lookout for
armyworms in early 2013, about the time spring
forage flush begins.
Grain Farmers Reject Statewide Grain Indemnity
grain farmers voted against the establishment of a
statewide grain indemnity fund in the referendum
held by the Texas Grain Producers Indemnity Board,
according to the results released after the
canvassing of the ballots.
the state voted in the referendum, which was held
Nov. 19, 2012, until Dec. 7, 2012, on the
statewide establishment of a grain indemnity fund.
According to the Texas Department of Agriculture,
who canvassed the ballots, there were 1,678
ballots submitted during the referendum with 1,171
farmers voting in opposition and 507 farmers
voting in favor - preventing it from obtaining the
required two-thirds majority to pass.
the years, many producers across Texas have been
forced to deal with the financial pain that comes
when a grain buyer fails. Unfortunately, Texas
grain producers will continue to face this risk
for at least another crop year," TGPIB Chairman
Dee Vaughan said. "The TGPIB will be meeting soon
with stakeholder groups to determine the best
course of action for the future."
read more of this story on our website. Click here to go
Cochran Takes Ranking Minority Slot in 2013-14 for
Senate Ag Committee
came yesterday as the new Congress was being sworn
in that a change that we talked about with
Mary Kay Thatcher back in
November could happen- has indeed come to pass.
Senator Thad Cochran- former
Chair of the Senate Ag Committee- has used his
seniority to claim the ranking member position on
the Senate Ag Committee. David
Rogers of Politico wrote about this
possible game changer when it comes to the
Commodity Title as we try to write a 2013 Farm
Sen. Thad Cochran on Thursday reclaimed the post
of top Republican on the Senate Agriculture
Committee, restoring a Southern
influence that could alter the course of
writing a new farm bill in the coming months.
Sen. Pat Roberts had said he
intended to stay as ranking member and was
prepared to force a vote challenging Cochran, who
outranks him in seniority. But at a brief caucus
of the committee Republicans Thursday afternoon,
Roberts moved a motion in favor of Cochran rather
than 'roiling the waters' any further."
Rogers pointed out that, "Roberts's voice has made
him a frequent thorn in the side of the South
since he has been one of the leading
opponents of target price supports important to
rice, peanut and wheat producers from the
producers complained bitterly last summer when the
Senate adopted a five-year farm bill that bore
Roberts's stamp and leaned heavily toward revenue
insurance options to replace the current system of
direct cash payments to growers."
Roberts offered a statement on this change
yesterday- click here for that- and so did
Senator Cochran- click here for his statement on
his desire to ride shotgun with Debbie Stabenow
the next two years.
the Face of Drought and a Likely Smaller 2013 Hard
Red Winter Wheat Crop- Prices Have Dropped- Kim
Anderson Explains All
Grain Marketing Economist Dr. Kim
Anderson is talking this week on SUNUP
with Lyndall Stout about the
recent drop in wheat prices. Much of the
fall, the wheat market was stuck in a trading
range- and in the final weeks of 2012- when it
finally broke out of that trading range- it broke
to the down side.
believes a lot of the breakout came because of
commodity funds reducing their exposure to wheat
and other ag commodities. In the case of
wheat- it seems like market players perceived we
have "enough wheat" and and sold- causing the fall
in the market even as the southern great plains
has tremendous concerns about the 2013 crop.
Support levels currently for
wheat are $8.00 for Kansas City March contracts-
and about $8.20 for Kansas City July- in both
cases- Dr. Anderson points out we are holding just
above those levels. If we break below those
supports in the near term- there is likely another
fifty cents down in the wheat market before new
support would kick in. Eventually, the market will
be paying attention to new crop woes- if they
remain- but that is not likely until time for the
crop to break dormancy.
You can watch
Kim and Lyndall on Saturday morning on SUNUP- or
you can take an early listen to Kim's
comments as we trade wheat ahead of the weekend by
clicking here. Of course, there's more
than just Lyndall and Kim on this Saturday's Show-
we have the complete lineup for SUNUP at the link
above. Check it out!
N That- More TV Viewing This Weekend- the Latest
Drought Monitor Offers No Change and Maybe Some
Rain Next Tuesday
couple of other TV reminders for your viewing
pleasure this weekend. Our regular In the
Field segment will feature a conversation with the
President of the Oklahoma Farm Bureau,
Mike Spradling, as we get his
reaction on the Farm Bill Extension, the Death Tax
and a preview of Oklahoma's involvement in the
AFBF convention just a week away in Nashville,
Tn. You can see yours truly and Mike
Saturday morning around 6:40 am on KWTV News9.
this weekend- we will be a guest with Max
Armstrong on his show This Week in
Agribusiness- seen on RFD TV Saturday and
Sunday. We talk about the Farm Bill
Extension as we share some of the comments offered
to us by House Ag Committee Chair Frank Lucas New
Year's Day- and we talk drought woes as well with
Max- click here for the RFD schedule
to see when This Week in Agribusiness airs.
Drought Monitor is our- and there is no change
this week versus a week ago- 95% of the state of
Oklahoma remains in extreme to exceptional
drought. Click here to take a look at the
leave you with a bit of optimism- well at least a
little bit. Chances of rain are in the
forecast for next week- Tuesday through Thursday-
and it appears best chances are in southern and
eastern counties. Click here for the weather map
that shows precip chances out into the Wednesday
time frame for next week.
You can reach us at the following: