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!
on RON Markets as heard on K101
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
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
here for the report posted yesterday afternoon
around 3:30 PM.
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
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
Daily Market Wrapup from the Radio
Oklahoma Network with Jim Apel and Tom Leffler-
analyzing the Futures Markets from the previous Day.
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
Monday, October 28,
Farm Loan Rates Help Sustain Lending According to
KC Fed Ag Finance
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
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.
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
Reports Beef Exports Up, Pork Stable in
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
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).
read more of this story on our website by clicking here.
Demands Crop Insurance Reform and Stronger
Environmental Protections in Farm
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
EWG's recommendations to
compliance with crop insurance subsidies
--Supporting crop insurance means testing
options that shift additional risk to taxpayers
--Reforming or removing new government
measures in the conservation title
--Supporting nutrition assistance and
--Supporting local and
organic food programs
provisions and riders
Click here to read their full
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
"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.
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.
can read more of this story or listen to my
interview with John by clicking here.
Trickling In Continues to Show Strong Cattle
Markets, Derrell Peel Says
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
"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."
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."
joins me on the latest Beef Buzz. Click here to listen in or to
Action Team Brings CommonGround Volunteers
Together for World Class Discussion on
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
"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.
N That- Record Cattle Prices, Kris Black Cream of
the Crop Happens Today and Bacon and Bourbon
Happens This Friday
feedlot country, the Texas Cattle Feeders
Association saw cash cattle trade happen this past
Wednesday- and it was at record levels.
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.
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
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.
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,
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.
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.
Lee Lindsay says they have just a few
tickets left for this gourmet feast- the
menu includes (by course number):
Bacon Dashi, Miataki Mushrooms
Crispy Pig ear, Grilled Pear, Baby Rocket Lettuce,
warm Bacon Vinaigrette
Pancetta, Pea Risotto, Sea Scallop, Candied
Bacon and Belly Crepinette, Roasted Potato, Sauce
Bacon and Maple Doughnut, with Dr.Pepper Bacon
Knob Creek Smoked Maple.
Tickets are $100 and you can contact the
OkPork office at 405-232-3781 for details and
You can reach us at the following:
Oklahoma Farm Bureau is Proud
to be the Presenting Sponsor of the Ron Hays Daily
Farm and Ranch News Email.