From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Tuesday, May 14, 2013 5:27 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.

 

 

We 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.

 

 

 

Okla Cash Grain:  

Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture.

 

Canola Prices:  

Cash price for canola was $11.68 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 Jim Apel and Tom Leffler- analyzing the Futures Markets from the previous Day.

 

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, May 14, 2013
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 

--Soybean, Biotech Industry Groups Applaud Supreme Court's Ruling in Bowman v. Monsanto (Jump to Story)


-- Winter Wheat Crop Way Behind Schedule in Oklahoma, Kansas, and Texas- Corn Planting Nationally in the Same Slow Boat (Jump to Story)

 

--Mary Kay Thatcher Says Many Bridges Must be Built Before Farm Bill Becomes Reality (Jump to Story)


-- Derrell Peel Reports Poor Forage Conditions a Big Challenge to Oklahoma Ranchers (Jump to Story)

-- New School Lunch Beef Recipes Win Approval from Kids, Foodservice Directors (Jump to Story)

-- Choice Boxed Beef Cutout Sets New All-Time High Record (Jump to Story)  

-- Some Observations from INSIDE the Washington Beltway (Jump to Story)

Featured Story:
soybeanbiotechSoybean, Biotech Industry Groups Applaud Supreme Court's Ruling in Bowman v. Monsanto 

 

The Supreme Court decision was authored by Justice Elena Kagan, who wrote, "In the case at hand, Bowman planted Monsanto's patented soybeans solely to make and market replicas of them, thus depriving the company of the reward patent law provides for the sale of each article. Patent exhaustion provides no haven for that conduct. We accordingly affirm the judgment of the Court of Appeals for the Federal Circuit."
 

In the case, Indiana farmer Vernon Hugh Bowman was sued by Monsanto Company for purchasing Monsanto-patented soybeans from a commodity grain elevator, planting the seeds, then spraying the field with glyphosate. Crop Life America filed an amicus brief on January 23, 2013 arguing in favor of a ruling by the U.S. Court of Appeals for the Federal Circuit that protected the rights of patent holders. Additional amicus briefs were filed by other interested parties, including CropLife International (CLI), the American Seed Trade Association (ASTA), the Biotechnology Industry Organization (BIO) and the American Soybean Association (ASA).  

 

American Soybean Association (ASA) President and Canton, Miss.-based soybean farmer Danny Murphy welcomed the Supreme Court's unanimous ruling today in Bowman v. Monsanto. The court's 9-0 ruling expresses support for the protection of intellectual property. Murphy commented on the case's broad implications for agricultural innovation:   

 

Murphy spoke with me about the unanimous ruling and said, "I think that was a positive for the soybean industry and, really, for all of American agriculture because we really depend on innovation that we get from our trade companies and seed companies and, really, equipment and everything else that we use.  We depend on that technology and that's all derived from intellectual property.  And this just reaffirmed how important intellectual property was."  You can read more comments from Danny Murphy or you can listen to our conversation by clicking here

  

Justice  Kagan agreed that Bowman had the right to purchase and use the soybeans as feed, but wrote he did not have the right "to make additional patented soybeans without Monsanto's permission."

 

Jim Greenwood, president and CEO of the Biotechnology Industry Organization (BIO) said his group was pleased with the decision and said, "the Supreme Court's commitment to uphold valid intellectual property rights in this case creates business certainty that will benefit all of biotechnology - as well as the patients, farmers, and consumers who benefit from biotechnology's help in healing, feeding, and fueling the world."  Click here for more comments from BIO.

 

The National Corn Growers Association also came out in support of the ruling.  Click here for their comments.

 

 

Sponsor Spotlight

 

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.

 

 

We are proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555- and their iPhone App, which provides all electronic futures quotes is available at the App Store- click here for the KIS Futures App for your iPhone

    
   

winterwheatcropWinter Wheat Crop Way Behind Schedule in Oklahoma, Kansas, and Texas- Corn Planting Nationally in Same Slow Boat 

 

The latest Oklahoma Crop Weather report shows wheat heading significantly behind normal.  By the end of last week, only 65 percent of the crop was headed, 29 points below normal.  Forty-seven percent of the crop was rated in very poor or poor condition.  Thirty-two percent was listed as fair and 19 percent was rated in good shape.

 

Canola was rated mostly good to fair, with 42 percent rated poor to very poor. Six percent of canola was mature by the end of the week, compared to 80 percent this week last year.  (Click here for the full Oklahoma report.)

 

In Kansas, the winter wheat crop was 80 percent jointed, behind 100 percent a year ago and 96 percent average. The crop was 9 percent headed, well behind 97 percent a year ago and 3 weeks behind a 52 percent average. The condition rated 21 percent very poor, 20 percent poor, 31 percent fair, 25 percent good, and 3 percent excellent. Just under half of the crop had no freeze damage.  (The full Kansas report is available by clicking here.)

 

Some reports were received of wheat harvest beginning in the southern part of Texas. The wheat crop progressed in the Blacklands and East Texas and was mostly headed. In the Plains and the Cross Timbers, many small grain fields were being cut and baled for hay.  Seventy-three percent of the crop was rated poor to very poor, with 25 percent listed as fair to good.  (You'll find the Texas Crop Weather and Condition report by clicking here.)

 

NATIONALLY- corn planting made progress this past week- jumping from 12% to 28% complete- but we remain well behind the five year average of 65% and the pace of 2012- 85% done by this date. A couple of "I" states are worrisome- Illinois now just 17% planted versus 64% average and 94% done last year- Iowa sits at 15% planted this season versus the five year average of 79% and last year's 86% planting figure by this point in May.  Click here for the full national crop progress story- things in general lag the pace of last year and the five year average.

 

 

marykaythatcherMary Kay Thatcher Says Many Bridges Must be Built Before Farm Bill Becomes Reality

 

As the Senate and House Agriculture Committees begin work this week on a 2013 farm bill, there is a whole universe of issues that must be ironed out before any bill can be successfully passed, reconciled and sent to the President.

 

In Washington, Mary Kay Thatcher, Senior Director of Congressional Relations with the American Farm Bureau Federation, spoke with me about the complexity of the work that must be completed before a farm bill can become reality.  She said not only are there differences in the principles driving the House and Senate versions of the bills, but also there are wide chasms to be bridged between commodity producers themselves.  She said many producers want a shallow loss, moving revenue average on the one side and on the other side you've got farmers who would rather see a high target price that is fixed for five years with little red tape and maximum flexibility.  She said that the opinions among Farm Bureau members vary widely as well.

 

"What our delegates said is 'We want an option to do both.'  So what we're trying to do is to continue to work on ways where the options make sense; they sort of balance out.  Really, in this case, you're not just looking at a shallow-loss revenue like ARC where it's a free program like the ACRE program or direct payments, but you also have, for cotton, the STAX program which is shallow loss but you pay a premium insurance subsidy for it.  And then you've got the supplemental coverage option which looks a whole lot like STAX, but not quite as rich, but a whole lot like that.  And then, target prices.  So you really have four different kinds of options that come into play in differing ways and interact differently depending on whether you're talking about the Senate or the House bill." 

You can read more and catch my in-depth conversation with Mary Kay Thatcher by clicking here.

 

poorforageconditionsPoor Forage Conditions a Big Challenge to Oklahoma Ranchers

 

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist, writes in the latest Cow-Calf Newsletter:

Early May provides the first look at the forage conditions facing the beef cattle industry in 2013. Moisture conditions have improved marginally with the most recent Drought Monitor indicating that 33 percent of the U.S. is in D2-D4 drought conditions, down from 40 percent three months ago but worse than last year, when 20 percent of the country was in D2 or worse drought at this time. The drought is now confined mostly to the western half of the country, across much of Great Plains and Intermountain regions, and covering an area that contains a large percentage of beef cows. The long, cold winter has extended the carryover drought impacts with additional demands for hay and more pressure on stressed pastures and ranges.

The May Crop Progress report contains the estimated hay stocks on farms as of May 1. The inventory of 14.2 million tons is the smallest since 2007 and smaller than any May 1 total in data back to 1973. Total hay stocks on May 1, 2013 for the U.S. are down 36 percent from the previous ten year average. Reduced hay production due to drought the past two years and the extended winter demands this spring have pulled hay stocks to extremely low levels. Given current drought conditions and cold weather delays this spring, hay production is likely to be below normal again in 2013, thereby limiting the recovery of hay stocks this year. 

 

Click here to read more from Derrell Peel.

 

  

newschoollunchNew School Lunch Beef Recipes Win Approval from Kids, Foodservice Directors

 

After participating in a pilot program at schools around the country, many students and school foodservice directors agree: The Rock and Roll Beef Wrap is delicious and nutritious. The same goes for Spy Thai Beef, Sweet Potato Beef Mash-up, Wrangler's Beef Chili and Sweet and Sloppy Joes.

"Awesome' was a common compliment from youngsters who taste-tested and named five all-new ground beef recipes created by the Beef Checkoff Program for school lunches. School foodservice directors noted the "homemade' flavor of the recipes and the use of economical, widely available ingredients. Another selling point for school staff? The meals pair the timeless appeal of ground beef with "generous' amounts of vegetables that young people might not otherwise consume.

Some of the new recipes are already on menus at K-12 test schools in several states and are being shared with school foodservice professionals across the country.

 

You can read more of this story as well as find a link to versions of these recipes you can cook at home by clicking here.

 

choiceboxedbeefChoice Boxed Beef Cutout Sets New All-Time High Record

 

Ed Czerwien, USDA Market News, Amarillo, Texas, files this report for boxed beef trade ending April 27, 2013:

The daily spot Choice box beef cutout ended last week setting a new all-time record high again at $204.98 which was a $3.30 higher but on very light trade once again with only 780 loads as reported in the daily Cutout.

The Comprehensive Choice cutout, which is the weekly average of all types of sales (including the spot trade, formula trade, and out-front trade, etc,) was at $200.75, which was $4.45 higher than last week.

The total reported Box Beef volume was 6,594 loads which was 652 loads less than last week.   After three weeks in a row over 7,200 loads which was the first time we were close to last year, we have returned to the previous low levels. The formula trade was 3,208 loads for the week which was 281 loads less than last week and about 49% of the total sales.

 

You can read more or listen to Ed Czerwien's audio report by clicking here.
 

 

BeltwayThotsSome Observations from INSIDE the Washington Beltway

 

 

On Monday- it was relatively quiet before the storm- and long hours- that will hit the ag community here in Washington today and Wednesday.  We talked to a wide array of Washington lobbyists on Monday afternoon- Mary Kay Thatcher of AFBF, Roger Johnson of NFU, Chuck Connor of NCFA, Jon Doggett of NCGA, Colin Woodall of NCBA- well, you get the idea- and we got the overall view of what these veterans of multiple farm bills were thinking- and I picked up several overall conclusions-

 

First- the optimism is rampent that we will get a five year farm bill later this year- not another one year extension. Floor time could come in June in both bodies.

 

Second- even with less money to spend- all of the groups believe that at least a couple of choices are needed within the Commodity Title in order to offer farmers a choice of what will best fit their farming situation.

 

Third- they all expect the toughest challenge to come on the floor of House- admitting that it is getting harder and harder to move especially the Commodity Title of the bill.

 

Fourth- after the dry run of 2012- everyone seems to be comfortable with the leadership that is in place for this go round- especially Lucas and Stabenow.

 

If you wish to follow the Senate Ag Committee on a blow by blow basis- click here for spot within their website where they will have video/audio streaming for the world to see.

 

 

Our thanks to Midwest Farms Shows, 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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