From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Tuesday, July 23, 2013 5:52 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 Presented by 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.

 

 

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 $10.47 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, July 23, 2013
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
usdaannouncesUSDA Announces Results for 45th Conservation Reserve Program General Sign-Up 

 

Agriculture Secretary Tom Vilsack today announced that the U.S. Department of Agriculture (USDA) will accept 1.7 million acres offered under the 45th Conservation Reserve Program (CRP) general sign-up. The Department received nearly 28,000 offers on more than 1.9 million acres of land, demonstrating CRP's continuing appeal as one of our nation's most successful voluntary programs for soil, water, and wildlife conservation. Under Vilsack's leadership, USDA has enrolled nearly 12 million acres in new CRP contracts since 2009. Currently, there are more than 26.9 million acres enrolled on 700,000 contracts.

Francie Tolle, executive director for the Oklahoma Farm Service Agency (FSA), said 55,867 of those acres were accepted in Oklahoma. Oklahoma FSA received 567 offers on more than 59,000 acres of land, demonstrating CRP's continuing appeal as one of the nation's most successful voluntary programs for soil, water, and wildlife conservation. Since 2009, USDA has enrolled nearly 12 million acres in new CRP. Currently, there are more than 26.9 million acres enrolled on 700,000 contracts nationwide.

"For 27 years, lands in CRP have helped to conserve our nation's resources by protecting water quality, reducing erosion and creating habitat for a diverse mix of wildlife," said Tolle. "Oklahoma farmers and ranchers continue to recognize the importance of protecting our most environmentally sensitive land by enrolling in CRP. This program is critically important to preserving the land in rural Oklahoma for future generations."

CRP is a voluntary program that allows eligible landowners to receive annual rental payments and cost-share assistance to establish long-term, resource-conserving covers on eligible farmland throughout the duration of their 10 to 15 year contracts.

 

You can read more of this story as well as find a link to the state-by-state CRP acreage breakdown by clicking here.  

 

 

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.   

 

 

rowcropprogressRow Crop Progress Lagging, but Condition Remains High 

 

The USDA's latest Crop Progress and Condition report shows this year's corn crop is lagging behind last year with 43 percent in the silk stage versus 84 percent last year.  The USDA says 63 percent of the crop is in good to excellent condition while only 11 percent is rated as poor to very poor.

 

For soybeans, nationwide, the crop is rated as 64 percent good-to-excellent, 28 percent fair, and 8 percent very poor or poor.  (Click here for the national crop progress report.)

 

In Oklahoma, recent rains have benefited the row crops, but they are still behind the five-year averages.  Conditions for corn were rated mostly good and the condition of sorghum, soybeans and peanuts were rated mostly good to fair. Cotton conditions were rated mostly fair, but had improved from the previous week.  (You can find the full Oklahoma crop weather report by clicking here.)

 

In Kansas, spotty showers were welcomed across much of the State, but they were too little to improve the drought conditions, as dryland row crops and pastures continue to suffer. Failed dryland corn and sorghum crops are being reported in areas eluded by rains, and where hail or wind damage has occurred.  Corn silking was 56 percent, behind 81 last year and a 74-percent average. (Click here to read the Kansas report.)


Corn and sorghum harvest activities in East Texas, South Central, South Texas, and the Upper Coast slowed due to rainfall. Irrigated cotton in the High Plains benefitted from significant rains, and some producers were able to limit irrigation for a few days. Row crops were progressing very near their five-year averages. (Click here for the full Texas report.)

 

 

demographicchangesDemographic Changes Impact Cattle on Feed Report Interpretation

 

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

The stocks and flows of feedlot cattle that make up the cattle on feed report have a relatively straightforward interpretation when the underlying mix of cattle (sex, weight and age distribution) is relatively constant, at least on a seasonal basis. For several months, changes in these animal demographics have made it much harder to interpret the cattle on feed report and anticipate the implications for future feedlot marketings and cattle slaughter.

The most recent USDA Cattle on Feed report indicated that the feedlot inventory was 10.37 million head, down 3.2 percent from one year ago. This makes eleven consecutive months of year over year decreases in feedlot inventory. Feedlot inventories have been augmented by drought enhanced cattle movement since 2011 and the current inventory is the smallest for July since 2010. The current inventory is down less on a year over year basis than it was earlier (the March 1 inventory was down 7 percent year over year) because of relatively large placements in the spring. March and April placements were up compared to the prior year and May was down only slightly.  

 

Click here to read the full analysis from Derrell Peel.

 

 

nwscallsNWS Calls for Redeveloping Drought Across Oklahoma

 

The latest Southern Plains Drought Outlook Summary from the National Weather Service forecasts drought conditions will persist and redevelop across Oklahoma through October. The forecast also calls for improving conditions across New Mexico and far west Texas.

The National Weather Service is calling for equal chances of above normal, normal, or below normal precipitation across all three states.

The temperature outlook through October indicates above-normal temperatures throughout the Southern Plains. This will lead to increased evaporation of any rain that does fall, further exacerbating surface reservoir water levels.

Click here to see the Drought Outlook Summary map.

 

  

economicsofcanolaEconomics of Canola Mean Bigger Slices of a Bigger Pie for Everybody, Jones Says

 

The economics of winter canola production are looking really good across the Southern Plains, according to Dr. Rodney Jones. He was recently named the Oklahoma Farm Credit Endowed Professor of Agrifinance at Oklahoma State University.   I spoke with him at the recent winter canola workshop in Enid.

He said that producers have learned a lot over the last eight to ten years as they have worked to get canola introduced in the state.

"We have learned over the last eight years that the economics of this crop in a rotation, in a wheat-canola rotation or even a more intensive crop rotation, canola in our crop rotation in this part of Oklahoma works very well from an economic standpoint. We've seen time after time after where folks have been able to harvest yields that are comparable on a bushel-per-acre basis to wheat. Just take 2013 for example, we're selling canola for $12 a bushel and some of them are selling wheat for $7 a bushel."

Jones said although the operating costs may be from $40 to $60 per acre higher than wheat, the rewards in terms of higher per-bushel prices and the value of the rotation impact make the economic returns very attractive.

 

You can read more by clicking here

 

 

basicprescribedBasic Prescribed Fire Training Now Offered Online

 

Learning how to safely conduct a prescribed burn can now be done from the comfy confines of one's living room.

Oklahoma State University Cooperative Extension recently made available a free-to-the-public online course. Basic Prescribed Fire Training is the first of its kind for landowners and agency personnel to learn the fundamentals of prescribed burning online.

"The course is set up to walk people through the process of conducting a prescribed burn, as well as the effects of fire on various plant communities," said John Weir, research associate in OSU's Department of Natural Resource Ecology and Management.

The course is designed for both the novice as well as people who have had years of experience conducting burns, and is not strictly for Oklahomans, rather it is applicable regionally and nationally.

"Everyone can learn something from participating in the course," Weir said.

For more information, click here

 

 

SmithfieldSmithfield Sale Continues to Generate Angst

 

 

The pending sale of Smithfield to Shaunghui has caused a lot of heartburn among lawmakers, some consumer groups and some agricultural groups- one of those groups is the National Farmers Union.

 

Their President, Roger Johnson, has stated his organization's opposition to the proposed acquisition of Smithfield Foods by Shuanghui International in a letter to Treasury Secretary Jack Lew. Lew is Chairman of the Committee on Foreign Investment in the United States. Johnson says the proposed buyout is extremely alarming to NFU members across the country. He is urging the committee to set a bold precedent - that the administration values our farms, our food and our rural economies so much that the federal government will stand up to a takeover of a large swath of our agriculture industry.  

 

According to NFU - if the sale is permitted to move forward - Shuanghui would take control of a very large portion of the U.S. pork industry. Johnson says the costs of the acquisition far outweigh the benefits to Americans. He adds that the security of the domestic food system is threatened by foreign control. 

 

 

Our thanks to Midwest Farms Shows, P & K Equipment, Johnston Enterprises, Chris Nikel Commercial Truck Sales, 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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