From: Ron Hays [ron@oklahomafarmreport.ccsend.com] on behalf of Ron Hays [ronphays@cox.net]
Sent: Monday, October 28, 2013 5:32 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!  

   

  

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 3:30 PM.

 

 

Okla Cash Grain:  

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

 

 

Canola Prices:  

Cash price for canola was $9.22 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

Presented by
 

Okla Farm Bureau    

Your Update from Ron Hays of RON
   Monday, October 28, 2013
Howdy Neighbors! 

Here is your daily Oklahoma farm and ranch news update. 
 
Featured Story:
lowerfarmloanLower Farm Loan Rates Help Sustain Lending According to KC Fed Ag Finance Databook 

 

Further declines in interest rates on farm loans at commercial banks helped sustain farm lending during the third quarter, according to the Federal Reserve System's Agricultural Finance Databook.

The average effective interest rate on both real estate and non-real estate farm loans edged down between the May and August Survey of Terms of Banking Lending to Farmers. In contrast, a rise in interest rates on U.S. Treasury securities in June placed upward pressure on interest rates commercial banks charge for nonfarm loans. However, heated competition among lenders, a strong farm economy and solid loan repayment rates contributed to lower interest rates on farm loans during the third quarter.

Agricultural loan volumes at commercial banks returned to the previous year's levels during the third quarter after rising in the spring. According to national survey data collected during the first full week of August, both real estate and non-real estate farm loan volumes held relatively steady when compared to last year. Rising farmland values supported farm real estate financing while high production costs bolstered demand for farm operation loans. Agricultural banks reported improved profits and stronger capital positions at midyear. The return on assets at agricultural banks during the second quarter exceeded year-ago levels while the returns at other small banks were little changed.

Click here to read more and to find a link to the latest databook.

  

 

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!   

 

 
usmefreportsUSMEF Reports Beef Exports Up, Pork Stable in August 

 

A strong performance by the top three international markets kept U.S. beef exports on an upward path in August while sales to China and several up-and-coming markets helped pork exports stay nearly even with last year's record-setting pace, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).

Beef sales to Japan, Mexico and Canada all posted solid gains in August along with a resurgent Taiwan market as overall U.S. beef exports grew 5 percent in volume and 16 percent in value compared to year-ago levels, reaching 105,544 metric tons valued at $563.3 million. For the first eight months of 2012, beef exports are up 1 percent in volume and 10 percent in value to 767,017 metric tons valued at $4.01 billion.

Pork exports were bolstered by the largest sales to the China/Hong Kong region since February, as well as strong performances by the Central/South America and ASEAN regions. Total exports for August were down a fraction in volume (174,281 metric tons) but up 1 percent in value ($501.1 million), while 2013 totals were down 4.6 percent in volume (1,405,078 metric tons) and 4.5 percent in value ($3.94 billion).

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

 

 

ewgdemandsEWG Demands Crop Insurance Reform and Stronger Environmental Protections in Farm Bill

 

The Environmental Working Group (EWG) sent a letter to members of the 2013 Farm Bill conference committee today demanding a farm bill that reforms crop insurance and strengthens environmental protections.

EWG's recommendations to conferees include:

--Relinking conservation compliance with crop insurance subsidies

--Supporting crop insurance means testing and transparency

--Eliminating coverage options that shift additional risk to taxpayers

--Reforming or removing new government subsidy programs

--Upholding strong measures in the conservation title

--Supporting nutrition assistance and nutrition education

--Supporting local and organic food programs

--Rejecting harmful provisions and riders 

 

Click here to read their full letter.
 

  

 

A measure supporting more research on effectively using the state's water supply was among more than 50 resolutions passed by the Oklahoma Farm Bureau state resolutions committee Oct. 22-23, in Norman. The resolutions meeting is just one part of Oklahoma Farm Bureau's grassroots policy development process, where members from each county help determine priority issues for upcoming legislative sessions.

"We boiled them down from over 500 resolutions around the state to a more manageable number that we will now take to our convention and to the full body to be voted on," said John Collison, vice president of governmental affairs with the Oklahoma Farm Bureau.    

One of the biggest issues to come out of the policy forum has been water. Some parts of the state are still suffering severely due to the drought and Oklahoma Farm Bureau members want elected officials to continue working on that issue.

 

You can read more of this story or listen to my interview with John by clicking here.  

 

 

datatricklinginData Trickling In Continues to Show Strong Cattle Markets, Derrell Peel Says

 

During the federal government shutdown, there was no USDA livestock data available. Now that the shutdown is over, the data is starting to trickle in says OSU Extension Livestock Economist Derrell Peel.

"We're confirming that cattle markets and beef markets, generally, continued to strengthen through the month of October. The boxed beef price in this last week or so has advanced pretty close to that $2 a pound mark. We briefly went above that last spring. That was an all-time record. We're going to move back above that for the balance of the year."

He says prices for cattle across the board are on their way up all the way from wheat pasture calves to feeder cattle. Demand is simply outstripping supply at this point.

"The wheat pasture is in pretty good shape. I think we will have some opportunities for wheat pasture that are better than we've had in recent years. I think the demand is coming on for the cattle now that it's pretty certain that we're going to have some winter grazing. And, so, the opportunities are there for producers to take advantage of that and put some weight on these cattle."

 

Derrell joins me on the latest Beef Buzz.  Click here to listen in or to read more. 

 

 

ncgaactionteamNCGA Action Team Brings CommonGround Volunteers Together for World Class Discussion on GMOs

 

CommonGround volunteers and staff from state corn and soy associations gathered in St. Louis for the CommonGround Biotechnology Communications Workshop which was graciously sponsored by the National Corn Growers Association's Trade Policy and Biotechnology Action Team. The day-long event, held at the Donald Danforth Plant Science Center, featured internationally respected experts on biotechnology and a tour of the independent research facility.

"The energy and desire to learn that these women brought to the conference was inspiring," said NCGA Chairwoman Pam Johnson, who also attended. "They took full advantage of the opportunity to delve more deeply into the science behind common myths about biotech and GMOs, both actively listening and discussing these topics. Farmers must greatly intensify their efforts to help the public understand the benefits and importance of biotechnology in agriculture. I feel confident that these women will make the most of their interaction with these esteemed experts as they continue their conversations with consumers about food and farming."

Click here for more. 

 

 

ThisNThatThis N That- Record Cattle Prices, Kris Black Cream of the Crop Happens Today and Bacon and Bourbon Happens This Friday   

 

 

In feedlot country, the Texas Cattle Feeders Association saw cash cattle trade happen this past Wednesday- and it was at record levels.

 

Cash cattle in Texas and Kansas brought mostly $132 per hundredweight (cwt), which was up $3 from last week, feedlot sources said. That price surpassed the previous record high of $130 for the week ending March 2, 2012.  

 

From a Reuters report- "Everything that was supposed to happen fundamentally came together for the cattle market," said U.S. Commodities analyst Don Roose, who also cited rising wholesale beef values. 

 

The TCFA report for Texas, Oklahoma and New Mexico feedlots shows 9.879 cash cattle sold, with steers at $132.11 and heifers at $132.04.

 

 

**********

 

A quick reminder about what is always an excellent seedstock auction- the 9th Annual Kris Black Cream of the Crop Bull Sale is set for TODAY- at the ranch near Crawford, Oklahoma.   

 

More than a hundred high powered bulls are being featured- and while you are always welcome to attend in person- you can also participate via video as Superior Livestock is handling the sale via satellite and also via the internet.   

 

Click here for more details or contact our friend Christy Collins at 516-366-0734.

 

**********

 

Last call for the fabulous Bacon and Bourbon Dinner planned for this coming Friday night- November first- 7 p.m., at Gaillardia Country Club in NW Oklahoma City.

  

Roy Lee Lindsay says they have just a few tickets left  for this gourmet feast- the menu includes (by course number):

 

1st. Bacon Dashi, Miataki Mushrooms

Jim Beam Black

 

2nd. Crispy Pig ear, Grilled Pear, Baby Rocket Lettuce, warm Bacon Vinaigrette

Basil Hayden

 

3rd. Pancetta, Pea Risotto, Sea Scallop, Candied Bacon

Maker's 46

 

4th. Bacon and Belly Crepinette, Roasted Potato, Sauce Bourguignonne

Knob Creek

 

5th. Bacon and Maple Doughnut, with Dr.Pepper Bacon Glaze

Knob Creek Smoked Maple.

Tickets are $100 and you can contact the OkPork office at 405-232-3781 for details and reservations.  

 

 

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
 

 



 
 
Oklahoma Farm Bureau is Proud to be the Presenting Sponsor of the Ron Hays Daily Farm and Ranch News Email. 

 


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