From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Tuesday, October 01, 2013 6:32 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 Futuresclick 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 $8.91 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, October 1, 2013
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
usdacornstocksUSDA Corn Stocks Figure Surprises Traders, Signals Bearish Market, Ag Economist Says 

 

 In its Quarterly Grain Stocks report released Monday, USDA pegged old-crop corn stocks at 824 million bushels. That was 74 million bushels above the highest pre-report trade estimate. USDA's soybean ending stocks figure came in at 141 million bushels, largely on a revision to 2012 production data.

"One hundred and 41 was more than the market was looking for and USDA did revise their 2012 production number by about 20 million bushels in order to reconcile with the old stocks figure as of September 1," said University of Illinois Agriculture Economist Darrel Good. "So, once that adjustment is made, everything makes sense; the stocks line up with known use in the summer quarter and this is a fairly common practice that a surprise in the stocks number on September 1 results in a change in the previous year's production number. That happens. And the 20-million-bushel change this year is middle of the road in terms of magnitude of change that we've seen over time."

Good said the revision does not make much difference because soybean stocks are still very tight. It doesn't significantly change the supply-demand balance for next year.

"The big question is still crop size and how big will the total supply be for the current marketing year."

Click here to read more of this story or to see a video version of it on our website. 

  

You can read the full USDA grain stocks report by clicking here.

 

 

Sponsor Spotlight

  

We are very proud to have P & K Equipment as one of the regular sponsors of our daily email update. P & K is Oklahoma's largest John Deere dealer with ten locations to serve you.  In addition to the Oklahoma stores, P&K proudly operates nine stores in Iowa.  A total of nineteen locations means additional resources and inventory, and better service for you, the customers!  Click here to visit the P&K website, to find the location nearest you, and to check out the many products they offer the farm and ranch community.    

 

 

 

We are also 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!   

 

 

rainsbenefitRains Benefit Germinating Crops in Oklahoma, Kansas, Texas 

 

Widespread rainfall began across Oklahoma Friday night and continued Saturday, resulting in 1.2 inches on average for the week, statewide. The heaviest totals were across northern Oklahoma and into southeastern Oklahoma.

 

Planting of small grains and canola made significant progress before the weekend rainfall, and continued with the additional moisture received. Small portions of wheat, rye and canola were reported as emerged by the end of the week.

 

Eighty-four percent of wheat seedbed preparation was complete as of Sunday, and 37 percent of wheat had been planted. Just six percent of wheat had emerged by Sunday.  Canola seedbed preparation was 89 percent complete by week's end, and 44 percent had been planted by the end of the week, on track with last year's crop. Five percent of canola had emerged by Sunday.  (Click here for the latest Oklahoma Crop Weather report.)

   

In Kansas, temperatures averaged slightly warmer than normal, but damp conditions slowed corn harvest across most of the State.  Winter wheat planted was 33 percent, near 37 last year and 35 average. Emerged was 8 percent, near 9 last year and 10 average.  (You can read the full Kansas report by clicking here.)

 

Precipitation was widely received across Texas last week.  The majority of producers had their wheat seeded before additional rainfall was received this past weekend. Early seeded wheat benefitted greatly from recent precipitation. Producers in the Northern Plains and the Cross Timbers were seeing good stands. Grasshoppers were causing damage to newly seeded wheat in the Cross Timbers.  (Click here for the Texas report.) 

 

You can read the full national Crop Progress report by clicking here.

 

 

recentrainsRecent Rains 'More Substantial' than Previously Thought, McManus Says

 

This past weekend's rains turned out to be a bit more substantial than previously thought, and all things considered, ended as probably one of the better statewide rains we've seen all year, said Associate State Climatologist Gary McManus.

It didn't exactly turn September's totals all the way around, but it did help northwestern Oklahoma, especially.

On average statewide, however, McManus said the state will probably end up with an average of 2.6 inches, 1.21 inches below normal as measured by the Mesonet.

Now that's only good for the 51st driest since records began in 1895, but it ranges across the state from the 13th wettest in the Panhandle (2.95 inches on average, 1.07 above normal) to the 27th driest in south central Oklahoma (1.71 inches on average, 2.63 inches below normal).

You can read more and see the latest Mesonet maps by clicking here.
 

 

higherpriceswilltestHigher Prices Will Test Beef Demand, but Herd Expansion on the Way, Peel Says

 

It's been a week since the latest Cattle on Feed report from the USDA showing 11 percent fewer feeder cattle being placed in the feedlot in the month of August than one year ago. It also showed seven percent fewer cattle on feed overall.

Oklahoma State University Extension Livestock Economist Derrell Peel has examined the numbers and tells us  in the latest Beef Buzz that the wholesale boxed beef price will creep up beyond $2 per pound and producers will get a test to find out how much demand there is at those prices from the consumer. 


"I really expect that we will move the choice boxed beef back above that $2-a-pound mark before the end of the year-perhaps quite a bit above it, at least at times. And, then, I think, that demand question really takes precedent at that point and it's a two-part concern on the part of demand. One is how much will consumers buy? But beef isn't one product, it's many different products. I think the more important question is 'What kind of adjustments will the consumer make in terms of different products?' How will they substitute among products? And, obviously, they'll change the frequency of some products. So, we don't really know what to expect."

 

You can read more of this story or listen to the latest Beef Buzz by clicking here

 

  

conservationstewarshipThe Government Shutdown Report- USDA Web Geek Fences Off Much of Their Site- NAWG and ASA Issue Statements Calling on Congress to Figure Out End of Shutdown

 

As we got going early this morning- we saw quickly that the Webmasters at USDA had gone above and beyond on this government shutdown thing. For most of the USDA website- when you type in a link you will get-

"Due to the lapse in federal government funding, this website is not available.

We sincerely regret this inconvenience.


"After funding has been restored, please allow some time for this website to become available again."

 

You can get to the Economic Research Service pages- and if you have the actual link for a Market News report- you can get to them- but that is about it. For example, the NASS portion of the website is walled off- past data (including Monday's reports) are not available.

 

Meanwhile, a couple of farm groups used the midnight hour to release statements blasting Congress over the failure of not just the government shutdown- but also the expiration of the one year extension to the 2008 Farm Law.  National Association of Wheat Growers President Bing Von Bergen says it's time for Congress to do their job- "I know I join my fellow farm leaders and my fellow wheat growers when I say that enough is enough. Funding the government is the basic charge of Congress, and policymaking on farm and nutrition policy impacts direct stakeholders and our economy as a whole."   Click here for the complete statement. 

 

Steve Murphy of the American Soybean Association was just as blunt if not more so- focusing on the failure to not get a farm bill done- "Congress has yet again failed its most basic duty: to debate and pass legislation and, frankly, we've run out of ways to say we're disappointed."  Click here for the full release from the American Soybean Association describing that disappointment.  

 

 

nationalffaorganizationNational FFA Organization Membership Explodes to 579,678 Students; Oklahoma Fifth Largest State Membership

 

Analysts forecast that the world's population will grow to 9 billion people by 2050. With global needs today to fight hunger and prepare for the expected population explosion, the agriculture industry needs educated, skilled and passionate people dedicated to sustainability.

Students are answering that call, evidenced by an explosion in FFA membership throughout the U.S, Puerto Rico and the Virgin Islands in the past year.

Membership in FFA today stands at 579,678 students in grades seven through 12. More than 22,300 new students joined FFA during the 2012-13 school year. The number of new, local FFA chapters throughout the country has grew to 7,570.

 

You can read more of this story on our website by clicking here. 

 

 

ThisNThatThis N That- Carl Wiedemann Services Set, OCA Selling Those Ribeyes and In the Field Video with Harry Birdwell

 

 

We heard Monday of the passing of Canadian County farmer Carl Wiedemann.  Services are planned on this Saturday, October 5, at 2 pm at the Trinity Lutheran Church in El Reno, Oklahoma.  

 

Wilson Funeral Home in El Reno will be taking care of the services. Carl is the husband of former State Representative and friend of agriculture Anna Belle Wiedemann of Yukon, Oklahoma. 

 

Anna Belle is truly the pioneer for every lady in the state that has stepped up through the years in public life as either a government official or as a leader in a farm organization- she paved the way and has set the standard high.  And by her side all of those years has been Carl.  He will be missed.

 

*********

 

We got a Monday note from the Oklahoma Cattlemen's Association about the most popular food item found on the fairgrounds at the Tulsa State Fair- here's their update- 

"Today is day five at the Tulsa State Fair and Ribeye Steak sales at the OCA Beef tent are above last year.  If you are planning a visit to the fair, plan to stop by the Beef Tent for a delicious Ribeye Steak Sandwich!
 
"We want to extend a special thank you to P & K Equipment for providing a John Deere Gator for OCA staff to use while at the fair.  The Gator has already saved us many steps!"

**********

This past Saturday- we had Harry Birdwell of the Oklahoma School Land Commission on as our guest for our In The Field Segment as seen on KWTV News9.  In case you missed it- we have it posted now on our website (and it can also be seen on our RON App!)  Click here to take a look and for details about the School Land Lease Auctions that start in a couple of weeks.

  

 

 

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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